Income Statement TechnipFMC plc

Equities

FTI

GB00BDSFG982

Oil Related Services and Equipment

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09-03	Transcript : TechnipFMC plc Presents at Barclays 38th Annual CEO Energy-Power Conference 2024, Sep-03-2024 12:40 PM
07-25	Tranche Update on TechnipFMC plc's Equity Buyback Plan announced on July 28, 2022.	CI

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Published financial data: TECHNIPFMC PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	13.41B	13.05B	6.4B	6.7B	7.82B
Total Revenues	13.41B	13.05B	6.4B	6.7B	7.82B
Cost of Goods Sold, Total	10.95B	11.21B	5.58B	5.8B	6.55B
Gross Profit	2.46B	1.84B	824M	896M	1.27B
Selling General & Admin Expenses, Total	1.23B	1.07B	645M	617M	681M
R&D Expenses	163M	120M	78.4M	67M	69M
Other Operating Expenses	-26.6M	-	-	-	1M
Other Operating Expenses, Total	1.36B	1.19B	723M	684M	751M
Operating Income	1.09B	655M	101M	212M	523M
Interest Expense, Total	-568M	-350M	-157M	-139M	-122M
Interest And Investment Income	116M	56.6M	14M	17.8M	33.5M
Net Interest Expenses	-451M	-293M	-143M	-121M	-88.7M
Income (Loss) On Equity Invest.	62.9M	63M	323M	44.6M	34.4M
Currency Exchange Gains (Loss)	-147M	-28.8M	32.9M	-23.9M	-119M
Other Non Operating Income (Expenses)	-66.7M	36.8M	13.7M	29.3M	2.7M
EBT, Excl. Unusual Items	492M	433M	327M	142M	352M
Restructuring Charges	-32.4M	-119M	-17.6M	-10.5M	-12.1M
Merger & Related Restructuring Charges	-31.2M	-	-	-	-
Impairment of Goodwill	-1.99B	-3.08B	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-27.7M	-
Gain (Loss) On Sale Of Assets	-7.1M	23.1M	-	-	-
Asset Writedown	-580M	-204M	-49.1M	-4.7M	-1.7M
Legal Settlements	-	-	-	-	-126M
Other Unusual Items	11.2M	-134M	-61.9M	-29.8M	-5.2M
EBT, Incl. Unusual Items	-2.14B	-3.08B	198M	68.9M	207M
Income Tax Expense	276M	153M	111M	105M	155M
Earnings From Continuing Operations	-2.41B	-3.24B	87M	-36.5M	51.9M
Earnings Of Discontinued Operations	-	-	-74.5M	-45.3M	-
Net Income to Company	-2.41B	-3.24B	12.5M	-81.8M	51.9M
Minority Interest	-3.1M	-49.7M	800K	-25.4M	4.3M
Net Income - (IS)	-2.42B	-3.29B	13.3M	-107M	56.2M
Net Income to Common Incl Extra Items	-2.42B	-3.29B	13.3M	-107M	56.2M
Net Income to Common Excl. Extra Items	-2.42B	-3.29B	87.8M	-61.9M	56.2M
Per Share Items
Net EPS - Basic	-5.39	-7.33	0.03	-0.24	0.13
Basic EPS - Continuing Operations	-5.39	-7.33	0.19	-0.14	0.13
Basic Weighted Average Shares Outstanding	448M	449M	450M	450M	439M
Net EPS - Diluted	-5.39	-7.33	0.03	-0.24	0.12
Diluted EPS - Continuing Operations	-5.39	-7.33	0.19	-0.14	0.12
Diluted Weighted Average Shares Outstanding	448M	449M	455M	450M	452M
Normalized Basic EPS	0.68	0.49	0.46	0.14	0.51
Normalized Diluted EPS	0.68	0.49	0.45	0.14	0.5
Dividend Per Share	0.52	0.13	-	-	0.1
Payout Ratio	-9.64	-1.8	-	-	77.4
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.6B	1.1B	486M	590M	900M
EBITA	1.22B	779M	195M	304M	612M
EBIT	1.09B	655M	101M	212M	523M
EBITDAR	1.98B	1.42B	665M	600M	940M
Total Revenues (As Reported)	13.41B	13.05B	6.4B	6.7B	7.82B
Effective Tax Rate - (Ratio)	-12.94	-4.97	56.08	152.98	74.88
Current Domestic Taxes	-	-	-	-	7.3M
Current Foreign Taxes	-	-	-	-	202M
Total Current Taxes	352M	160M	206M	118M	209M
Deferred Foreign Taxes	-	-	-	-	-54.2M
Total Deferred Taxes	-75.4M	-6.7M	-95.1M	-13M	-54.2M
Normalized Net Income	304M	221M	205M	63.1M	224M
Interest on Long-Term Debt	-	350M	157M	139M	122M
Non-Cash Pension Expense	-27.4M	-34.6M	-7.2M	-17.7M	11.3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	163M	120M	78.4M	67M	69M
Net Rental Expense, Total	374M	318M	179M	10.4M	40M
Imputed Operating Lease Interest Expense	353M	169M	62.95M	4.51M	18.35M
Imputed Operating Lease Depreciation	20.97M	149M	116M	5.89M	21.65M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	74.5M	69M	26.8M	40.5M	40.9M
Total Stock-Based Compensation	74.5M	69M	26.8M	40.5M	40.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.19B	4.81B	1.33B	1.06B	952M
Short Term Investments	91.7M	64.8M	348M	27.5M	10.4M
Total Cash And Short Term Investments	5.28B	4.87B	1.68B	1.08B	962M
Accounts Receivable, Total	3.81B	3.56B	1.88B	1.95B	2.15B
Other Receivables	830M	1.03B	484M	311M	352M
Notes Receivable	-	-	-	-	-
Total Receivables	4.64B	4.59B	2.36B	2.26B	2.5B
Inventory	1.42B	1.27B	1.03B	1.04B	1.1B
Prepaid Expenses	66.8M	112M	50.7M	61.9M	83.5M
Other Current Assets, Total	484M	601M	222M	544M	549M
Total Current Assets	11.89B	11.44B	5.34B	4.99B	5.2B
Gross Property Plant And Equipment	6.34B	6.31B	5.56B	5.46B	5.6B
Accumulated Depreciation	-2.29B	-2.41B	-2.2B	-2.26B	-2.5B
Net Property Plant And Equipment	4.05B	3.91B	3.36B	3.21B	3.1B
Long-term Investments	300M	359M	292M	325M	274M
Goodwill	5.6B	2.51B	-	-	-
Other Intangibles, Total	1.09B	981M	814M	716M	602M
Loans Receivable Long-Term	62.5M	40.3M	12.6M	-	-
Deferred Tax Assets Long-Term	260M	218M	74.3M	72.5M	165M
Deferred Charges Long-Term	-	-	34.8M	34.8M	16.7M
Other Long-Term Assets, Total	270M	231M	93.5M	98.9M	302M
Total Assets	23.52B	19.69B	10.02B	9.44B	9.66B
Liabilities
Accounts Payable, Total	2.66B	2.74B	1.29B	1.28B	1.36B
Accrued Expenses, Total	1.22B	1.1B	590M	523M	630M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	495M	636M	278M	367M	154M
Current Portion of Leases	275M	274M	127M	188M	146M
Current Income Taxes Payable	75.7M	74.1M	125M	96.7M	147M
Unearned Revenue Current, Total	4.59B	4.74B	1.01B	1.16B	1.49B
Other Current Liabilities	827M	859M	426M	560M	550M
Total Current Liabilities	10.14B	10.42B	3.85B	4.17B	4.47B
Long-Term Debt	3.88B	3.22B	1.63B	903M	817M
Long-Term Leases	778M	977M	794M	833M	852M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	369M	421M	113M	59.7M	84.4M
Deferred Tax Liability Non Current	138M	79.5M	47.5M	55.5M	92.2M
Other Non Current Liabilities	483M	320M	164M	142M	170M
Total Liabilities	15.79B	15.43B	6.6B	6.17B	6.48B
Common Stock, Total	447M	450M	451M	442M	433M
Additional Paid In Capital	10.18B	10.24B	9.16B	9.11B	8.94B
Retained Earnings	-1.56B	-4.92B	-4.9B	-5.01B	-4.99B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-1.41B	-1.62B	-1.3B	-1.3B	-1.24B
Total Common Equity	7.66B	4.15B	3.4B	3.24B	3.14B
Minority Interest	69.9M	104M	15.7M	36.5M	35.4M
Total Equity	7.73B	4.26B	3.42B	3.28B	3.17B
Total Liabilities And Equity	23.52B	19.69B	10.02B	9.44B	9.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	447M	450M	451M	442M	433M
ECS Total Common Shares Outstanding	447M	450M	451M	442M	433M
Book Value / Share	17.13	9.24	7.55	7.33	7.25
Tangible Book Value	974M	661M	2.59B	2.52B	2.54B
Tangible Book Value Per Share	2.18	1.47	5.74	5.71	5.86
Total Debt	5.43B	5.11B	2.83B	2.29B	1.97B
Net Debt	150M	236M	1.15B	1.21B	1.01B
Debt Equivalent of Unfunded Proj. Benefit Obligation	373M	425M	110M	55.5M	81.7M
Debt Equivalent Oper. Leases	2.99B	2.55B	1.43B	83.2M	320M
Minority Interest, Total (Incl. Fin. Div)	69.9M	104M	15.7M	36.5M	35.4M
Equity Method Investments, Total	300M	359M	292M	325M	274M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-10.9M	-11.6M	-10.9M	-16.6M	-17.8M
Inventories - Raw Materials, Total	348M	272M	250M	317M	401M
Inventories - Work In Process, Total	290M	245M	179M	152M	148M
Inventories - Finished Goods, Total	778M	751M	603M	570M	551M
Land - (BS)	108M	88.4M	79.4M	68.2M	69.8M
Buildings, Total	627M	611M	472M	442M	450M
Machinery, Total	4.31B	4.18B	3.95B	3.78B	3.87B
Full Time Employees	37K	31.4K	19.1K	20.3K	21.47K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	95.4M	109M	38.1M	34.1M	34.4M
Order Backlog	24.25B	21.39B	7.66B	9.35B	13.23B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.42B	-3.29B	13.3M	-107M	56.2M
Depreciation & Amortization - CF	384M	324M	291M	285M	288M
Amortization of Goodwill and Intangible Assets - (CF)	126M	124M	94.1M	92M	89.7M
Depreciation & Amortization, Total	510M	447M	385M	377M	378M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-322M	27.7M	-
Asset Writedown & Restructuring Costs	2.48B	3.29B	49.1M	4.7M	1.7M
(Income) Loss On Equity Investments - (CF)	-58.8M	-58.1M	-600K	-31.9M	-34.2M
Stock-Based Compensation (CF)	63.3M	47.5M	34.3M	33.5M	30.8M
Net Cash From Discontinued Operations	-	-	66.3M	-	-
Other Operating Activities, Total	325M	197M	65.8M	148M	11.8M
Change In Accounts Receivable	-39.7M	348M	-73.1M	-160M	-228M
Change In Inventories	-170M	82.8M	198M	-35M	-91.2M
Change In Accounts Payable	26.1M	18.4M	93.8M	52.1M	62.5M
Change in Unearned Revenues	520M	-75.2M	900K	164M	321M
Change In Income Taxes	12.7M	-52.8M	215M	-62.1M	34.3M
Change in Other Net Operating Assets	-409M	-298M	55.9M	-59.4M	150M
Cash from Operations	848M	657M	781M	352M	693M
Capital Expenditure	-454M	-292M	-192M	-158M	-225M
Sale of Property, Plant, and Equipment	7.8M	46M	105M	30.2M	84.7M
Cash Acquisitions	16M	-	-15.3M	-	-
Divestitures	-2.1M	8.8M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	9.3M	56.4M	924M	311M	-
Other Investing Activities, Total	3.6M	-	-4.5M	-20.8M	14.9M
Cash from Investing	-420M	-181M	817M	162M	-126M
Short Term Debt Issued, Total	57.3M	-	-	-	-
Long-Term Debt Issued, Total	96.2M	223M	1.16B	60.9M	-
Total Debt Issued	154M	223M	1.16B	60.9M	-
Short Term Debt Repaid, Total	-49.6M	-579M	-1.04B	-200M	-342M
Long-Term Debt Repaid, Total	-	-424M	-1.46B	-452M	-
Total Debt Repaid	-49.6M	-1B	-2.5B	-652M	-342M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-92.7M	-7.4M	-	-100M	-205M
Common Dividends Paid	-233M	-59.2M	-	-	-43.5M
Common & Preferred Stock Dividends Paid	-233M	-59.2M	-	-	-43.5M
Other Financing Activities, Total	-563M	-236M	-3.73B	-105M	-66.3M
Cash from Financing	-784M	-1.08B	-5.06B	-797M	-656M
Foreign Exchange Rate Adjustments	5.9M	224M	-14M	12.1M	-16.3M
Net Change in Cash	-350M	-382M	-3.48B	-270M	-105M
Supplemental Items
Cash Interest Paid	109M	107M	104M	109M	93.4M
Cash Income Tax Paid (Refund)	374M	220M	25.1M	189M	151M
Levered Free Cash Flow	391M	585M	509M	240M	664M
Unlevered Free Cash Flow	746M	804M	607M	326M	740M
Change In Net Working Capital