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Revenue - Impact on Primary Financial Statements - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Revenue:        
Service revenue $ 2,427.4 $ 2,791.8    
Product revenue 648.4 562.5    
Lease and other revenue 49.4 33.7    
Total revenue 3,125.2 3,388.0    
Costs and expenses:        
Cost of service revenue 1,952.5 2,377.6    
Cost of product revenue 534.8 577.7    
Cost of lease and other revenue 37.3 25.0    
Selling, general and administrative expense 303.1 254.1    
Research and development expense 41.1 43.4    
Impairment, restructuring and other expenses 11.5 9.7    
Merger transaction and integration costs 5.6 54.7    
Total costs and expenses 2,885.9 3,342.2    
Other income (expense), net (25.2) 63.5    
Income from equity affiliates 14.0 9.4    
Income before net interest expense and income taxes 228.1 118.7    
Net interest expense (87.4) (82.1)    
Income before income taxes 140.7 36.6    
Provision for income taxes 49.3 51.8    
Net income (loss) 91.4 (15.2)    
Net (income) loss attributable to noncontrolling interests 3.7 (3.5)    
Net income (loss) attributable to TechnipFMC plc 95.1 (18.7)    
Assets        
Cash and cash equivalents 6,220.6 $ 7,041.7 $ 6,737.4 $ 6,269.3
Trade receivables, net 2,444.0   1,484.4  
Contract assets 1,470.1   1,755.5  
Inventories, net 1,036.8   987.0  
Derivative financial instruments 104.6   78.3  
Income taxes receivable 319.0   337.0  
Advances paid to suppliers 424.7   391.3  
Other current assets 1,153.7   1,206.2  
Total current assets 13,173.5   12,977.1  
Investments in equity affiliates 287.1   272.5  
Property, plant and equipment, net of accumulated depreciation 3,900.3   3,871.5  
Goodwill 9,012.2   8,929.8  
Intangible assets, net of accumulated amortization 1,301.6   1,333.8  
Deferred income taxes 480.2   454.7  
Derivative financial instruments 74.5   94.9  
Other assets 298.4   329.4  
Total assets 28,527.8   28,263.7  
Liabilities and equity        
Less: current borrowings 87.2   77.1  
Accounts payable, trade 3,729.2   3,958.7  
Contract liabilities 3,914.2   3,314.2  
Accrued payroll 401.8   402.2  
Derivative financial instruments 63.2   69.0  
Income taxes payable 233.0   320.3  
Other current liabilities 1,842.1   1,687.9  
Total current liabilities 10,270.7   9,829.4  
Long-term debt, less current portion 3,735.8   3,777.9  
Accrued pension and other post-retirement benefits, less current portion 266.2   282.0  
Derivative financial instruments 52.7   68.1  
Deferred income taxes 412.7   419.7  
Other liabilities 507.9   477.2  
Commitments and contingent liabilities    
Stockholders’ equity        
Ordinary shares 462.2   465.1  
Ordinary shares held in employee benefit trust (4.0)   (4.8)  
Capital in excess of par value of ordinary shares 10,429.3   10,483.3  
Retained earnings 3,369.5   3,448.0  
Accumulated other comprehensive loss (991.9)   (1,003.7)  
Total TechnipFMC plc stockholders’ equity 13,265.1   13,387.9  
Noncontrolling interests 16.7   21.5  
Total equity 13,281.8   13,409.4  
Total liabilities and equity 28,527.8   $ 28,263.7  
Difference between revenue guidance in effect before and after Topic 606 | Accounting Standards Update 2014-09        
Revenue:        
Service revenue (32.6)      
Product revenue (3.6)      
Lease and other revenue 0.0      
Total revenue (36.2)      
Costs and expenses:        
Cost of service revenue (13.9)      
Cost of product revenue (3.0)      
Cost of lease and other revenue 0.0      
Selling, general and administrative expense 0.0      
Research and development expense 0.0      
Impairment, restructuring and other expenses 0.0      
Merger transaction and integration costs 0.0      
Total costs and expenses (16.9)      
Other income (expense), net 0.0      
Income from equity affiliates 0.0      
Income before net interest expense and income taxes (19.3)      
Net interest expense 0.0      
Income before income taxes (19.3)      
Provision for income taxes (5.2)      
Net income (loss) (14.1)      
Net (income) loss attributable to noncontrolling interests 0.1      
Net income (loss) attributable to TechnipFMC plc (14.0)      
Assets        
Cash and cash equivalents 0.0      
Trade receivables, net (846.3)      
Contract assets 356.5      
Inventories, net 28.3      
Derivative financial instruments 0.0      
Income taxes receivable 0.7      
Advances paid to suppliers 0.0      
Other current assets 0.0      
Total current assets (460.8)      
Investments in equity affiliates 0.0      
Property, plant and equipment, net of accumulated depreciation 0.0      
Goodwill 0.0      
Intangible assets, net of accumulated amortization 0.0      
Deferred income taxes (23.8)      
Derivative financial instruments 0.0      
Other assets 1.0      
Total assets (483.6)      
Liabilities and equity        
Less: current borrowings 0.0      
Accounts payable, trade 20.1      
Contract liabilities (549.7)      
Accrued payroll 0.0      
Derivative financial instruments 0.0      
Income taxes payable (2.0)      
Other current liabilities (26.7)      
Total current liabilities (558.3)      
Long-term debt, less current portion 0.0      
Accrued pension and other post-retirement benefits, less current portion 0.0      
Derivative financial instruments 0.0      
Deferred income taxes (2.6)      
Other liabilities 0.0      
Commitments and contingent liabilities      
Stockholders’ equity        
Ordinary shares 0.0      
Ordinary shares held in employee benefit trust 0.0      
Capital in excess of par value of ordinary shares 0.0      
Retained earnings 77.5      
Accumulated other comprehensive loss 0.0      
Total TechnipFMC plc stockholders’ equity 77.5      
Noncontrolling interests (0.2)      
Total equity 77.3      
Total liabilities and equity (483.6)      
Calculated under revenue guidance in effect before Topic 606        
Revenue:        
Service revenue 2,394.8      
Product revenue 644.8      
Lease and other revenue 49.4      
Total revenue 3,089.0      
Costs and expenses:        
Cost of service revenue 1,938.6      
Cost of product revenue 531.8      
Cost of lease and other revenue 37.3      
Selling, general and administrative expense 303.1      
Research and development expense 41.1      
Impairment, restructuring and other expenses 11.5      
Merger transaction and integration costs 5.6      
Total costs and expenses 2,869.0      
Other income (expense), net (25.2)      
Income from equity affiliates 14.0      
Income before net interest expense and income taxes 208.8      
Net interest expense (87.4)      
Income before income taxes 121.4      
Provision for income taxes 44.1      
Net income (loss) 77.3      
Net (income) loss attributable to noncontrolling interests 3.8      
Net income (loss) attributable to TechnipFMC plc 81.1      
Assets        
Cash and cash equivalents 6,220.6      
Trade receivables, net 1,597.7      
Contract assets 1,826.6      
Inventories, net 1,065.1      
Derivative financial instruments 104.6      
Income taxes receivable 319.7      
Advances paid to suppliers 424.7      
Other current assets 1,153.7      
Total current assets 12,712.7      
Investments in equity affiliates 287.1      
Property, plant and equipment, net of accumulated depreciation 3,900.3      
Goodwill 9,012.2      
Intangible assets, net of accumulated amortization 1,301.6      
Deferred income taxes 456.4      
Derivative financial instruments 74.5      
Other assets 299.4      
Total assets 28,044.2      
Liabilities and equity        
Less: current borrowings 87.2      
Accounts payable, trade 3,749.3      
Contract liabilities 3,364.5      
Accrued payroll 401.8      
Derivative financial instruments 63.2      
Income taxes payable 231.0      
Other current liabilities 1,815.4      
Total current liabilities 9,712.4      
Long-term debt, less current portion 3,735.8      
Accrued pension and other post-retirement benefits, less current portion 266.2      
Derivative financial instruments 52.7      
Deferred income taxes 410.1      
Other liabilities 507.9      
Commitments and contingent liabilities      
Stockholders’ equity        
Ordinary shares 462.2      
Ordinary shares held in employee benefit trust (4.0)      
Capital in excess of par value of ordinary shares 10,429.3      
Retained earnings 3,447.0      
Accumulated other comprehensive loss (991.9)      
Total TechnipFMC plc stockholders’ equity 13,342.6      
Noncontrolling interests 16.5      
Total equity 13,359.1      
Total liabilities and equity $ 28,044.2