Stockholder's Equity

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

STOCKHOLDER'S EQUITY

STOCKHOLDER’S EQUITY

TechnipFMC has issued share capital of £50,001, divided into: (i) one ordinary share with a nominal value of £1.00 and carrying a single vote, held by FMCTI (the “Subscriber Share”) and (ii) 50,000 non-voting redeemable shares each with a nominal value of £1.00 per share (the “Redeemable Shares”), held by FMCTI.

The Redeemable Shares (i) are not entitled to any economic rights (except an amount of £1.00 in aggregate on a return of capital on a winding-up), (ii) have no voting rights, (iii) may not be transferred other than in accordance with the provisions of the articles of association of TechnipFMC currently in force and (iv) may be redeemed by TechnipFMC for nil consideration at any time.

Ordinary shares and redeemable shares are classified as equity. The redeemable shares may be redeemed by TechnipFMC for nil consideration at any time and are therefore recognized within equity.

Capital stock—The following is a summary of TechnipFMC’s capital stock activity for the year ended December 31, 2016 and the period of December 9, 2015 to December 31, 2015:

(in thousands, except shares)	Number of Shares
Balance at December 9, 2015	—
Capital increase due to Share Subscription	50,001
Balance at December 31, 2015	50,001
Capital increase due to Share Subscription	—
Balance at December 31, 2016	50,001

As of December 31, 2016 and December 31, 2015, TechnipFMC’s only shareholder was FMCTI, its parent company.