XML 95 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Basis Of Presentation and Significant Accounting Policies Restatement (Tables)
 9 Months Ended
Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]  
Restatement to Prior Year Income
The effects of the revision on our condensed consolidated statements of income for the three and nine months ended September 30, 2018 are as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2018
(In millions, except per share data)
As Previously Reported
 
Adjustments
 
As Revised
 
As Previously Reported
 
Adjustments
 
As Revised
Revenue
 
 
 
 
 
 
 
 
 
 
 
Service revenue
$
2,487.9

 
$
(211.0
)
 
$
2,276.9

 
$
7,159.2

 
$
(542.3
)
 
$
6,616.9

Product revenue
595.2

 
211.0

 
806.2

 
1,907.3

 
542.3

 
2,449.6

Total revenue
3,143.8

 
—

 
3,143.8

 
9,229.9

 
—

 
9,229.9

 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of service revenue
2,046.6

 
(186.4
)
 
1,860.2

 
5,846.0

 
(357.6
)
 
5,488.4

Cost of product revenue
481.0

 
186.4

 
667.4

 
1,559.9

 
357.6

 
1,917.5

Total costs and expenses
2,863.7

 
—

 
2,863.7

 
8,527.2

 
—

 
8,527.2

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to TechnipFMC plc
$
136.9

 
$
—

 
$
136.9

 
$
337.7

 
$
—

 
$
337.7

 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to TechnipFMC plc (Note 8)

 
 
 
 
 
 
 
 
 
 
Basic
$
0.30

 
$
—

 
$
0.30

 
$
0.73

 
$
—

 
$
0.73

Diluted
$
0.30

 
$
—

 
$
0.30

 
$
0.73

 
$
—

 
$
0.73

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding (Note 8)
 
 
 
 
 
 
 
 
 
 
 
Basic
454.5

 
—

 
454.5

 
460.0

 
—

 
460.0

Diluted
459.0

 
—

 
459.0

 
464.0

 
—

 
464.0