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TechnipFMC plc – ‘10-Q’ for 6/30/22 – ‘R40’

On:  Friday, 7/29/22, at 4:10pm ET   ·   For:  6/30/22   ·   Accession #:  1681459-22-53   ·   File #:  1-37983

Previous ‘10-Q’:  ‘10-Q’ on 5/2/22 for 3/31/22   ·   Next:  ‘10-Q’ on 10/28/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 4/26/24 for 3/31/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 7/29/22  TechnipFMC plc                    10-Q        6/30/22  101:13M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.62M 
 2: EX-10.2     Material Contract                                   HTML    203K 
 3: EX-10.3     Material Contract                                   HTML    366K 
 4: EX-10.4     Material Contract                                   HTML    390K 
 5: EX-10.5     Material Contract                                   HTML    370K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
15: R1          Cover                                               HTML     81K 
16: R2          Condensed Consolidated Statements Of Income         HTML    173K 
                (Unaudited)                                                      
17: R3          Condensed Consolidated Statements Of Comprehensive  HTML    106K 
                Income (Unaudited)                                               
18: R4          Condensed Consolidated Statements Of Comprehensive  HTML     36K 
                Income (Unaudited) (Parenthetical)                               
19: R5          Condensed Consolidated Balance Sheets (Unaudited)   HTML    179K 
20: R6          Condensed Consolidated Balance Sheets (Unaudited)   HTML     46K 
                (Parenthetical)                                                  
21: R7          Condensed Consolidated Statements Of Cash Flows     HTML    143K 
                (Unaudited)                                                      
22: R8          Condensed Consolidated Statements of Changes In     HTML     77K 
                Stockholders' Equity (Unaudited)                                 
23: R9          Basis of Presentation and Summary of Significant    HTML     46K 
                Accounting Policies                                              
24: R10         Discontinued Operations                             HTML     48K 
25: R11         New Accounting Standards                            HTML     42K 
26: R12         Revenue                                             HTML    114K 
27: R13         Business Segments                                   HTML     69K 
28: R14         Earnings (Loss) Per Share                           HTML     75K 
29: R15         Receivables                                         HTML     68K 
30: R16         Inventories                                         HTML     35K 
31: R17         Other Current Assets & Other Current Liabilities    HTML     49K 
32: R18         Investments                                         HTML     31K 
33: R19         Related Party Transactions                          HTML     64K 
34: R20         Debt                                                HTML     54K 
35: R21         Stockholders? Equity                                HTML     99K 
36: R22         Share-Based Compensation                            HTML     31K 
37: R23         Impairment, Restructuring and Other Expenses        HTML     53K 
38: R24         Commitments and Contingent Liabilities              HTML     45K 
39: R25         Income Taxes                                        HTML     32K 
40: R26         Derivative Financial Instruments                    HTML    151K 
41: R27         Fair Value Measurements                             HTML     90K 
42: R28         Subsequent Event                                    HTML     29K 
43: R29         Basis of Presentation and Summary of Significant    HTML     34K 
                Accounting Policies (Policy)                                     
44: R30         Basis of Presentation and Summary of Significant    HTML     43K 
                Accounting Policies (Tables)                                     
45: R31         Discontinued Operations (Tables)                    HTML     48K 
46: R32         Revenue (Tables)                                    HTML    108K 
47: R33         Business Segments (Tables)                          HTML     63K 
48: R34         Earnings (Loss) Per Share (Tables)                  HTML     77K 
49: R35         Receivables (Tables)                                HTML     68K 
50: R36         Inventories (Tables)                                HTML     36K 
51: R37         Other Current Assets & Other Current Liabilities    HTML     51K 
                (Tables)                                                         
52: R38         Related Party Transactions (Tables)                 HTML     63K 
53: R39         Debt (Tables)                                       HTML     46K 
54: R40         Stockholders? Equity (Tables)                       HTML     97K 
55: R41         Impairment, Restructuring and Other Expenses        HTML     53K 
                (Tables)                                                         
56: R42         Commitments and Contingent Liabilities (Tables)     HTML     36K 
57: R43         Derivative Financial Instruments (Tables)           HTML    169K 
58: R44         Fair Value Measurements (Tables)                    HTML     86K 
59: R45         Basis of Presentation and Summary of Significant    HTML     50K 
                Accounting Policies (Details)                                    
60: R46         DISCONTINUED OPERATIONS - Narratives (Details)      HTML     41K 
61: R47         DISCONTINUED OPERATIONS - Income from discontinued  HTML     52K 
                operations, net of tax (Details)                                 
62: R48         REVENUE - Disaggregation of revenue, geographical   HTML     83K 
                (Details)                                                        
63: R49         REVENUE - Contract balances (Details)               HTML     51K 
64: R50         REVENUE - Performance obligations (Details)         HTML     55K 
65: R51         BUSINESS SEGMENTS - Schedule of segment revenue     HTML     70K 
                and segment operating profit (Details)                           
66: R52         Earnings (LOSS) PER SHARE - Reconciliation of       HTML    109K 
                number of shares used for basic and diluted                      
                earnings per share ("Eps") calculation (Details)                 
67: R53         RECEIVABLES - Amortized cost basis of financial     HTML     34K 
                assets (Details)                                                 
68: R54         RECEIVABLES - Roll-forward of allowance for credit  HTML     83K 
                losses (Details)                                                 
69: R55         INVENTORIES - Components of inventories (Details)   HTML     36K 
70: R56         OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES -  HTML     45K 
                Other current assets (Details)                                   
71: R57         OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES -  HTML     47K 
                Other current liabilities (Details)                              
72: R58         Investments (Details)                               HTML     41K 
73: R59         RELATED PARTY TRANSACTIONS - Trade receivables      HTML     38K 
                (Details)                                                        
74: R60         RELATED PARTY TRANSACTIONS - Narrative (Details)    HTML     32K 
75: R61         RELATED PARTY TRANSACTIONS - Revenue (Details)      HTML     40K 
76: R62         RELATED PARTY TRANSACTIONS - Expenses (Details)     HTML     38K 
77: R63         DEBT - Schedule of long-term debt (Details)         HTML     67K 
78: R64         DEBT - Credit facilities and debt (Details)         HTML     76K 
79: R65         STOCKHOLDERS? EQUITY - Accumulated other            HTML     72K 
                comprehensive loss (Details)                                     
80: R66         STOCKHOLDERS? EQUITY - Reclassification out of      HTML     87K 
                other comprehensive income (Details)                             
81: R67         Share-Based Compensation (Details)                  HTML     33K 
82: R68         IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES -      HTML     36K 
                Restructuring, settlement and impairment                         
                provisions (Details)                                             
83: R69         IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES -      HTML     31K 
                Narrative (Details)                                              
84: R70         IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES -      HTML     37K 
                Restructuring and other expenses (Details)                       
85: R71         COMMITMENTS AND CONTINGENT LIABILITIES -            HTML     48K 
                Narratives (Details)                                             
86: R72         COMMITMENTS AND CONTINGENT LIABILITIES -            HTML     33K 
                Guarantees of our consolidated subsidiaries                      
                (Details)                                                        
87: R73         Income Taxes (Details)                              HTML     28K 
88: R74         DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of      HTML     84K 
                notional amounts of outstanding derivative                       
                positions (Details)                                              
89: R75         DERIVATIVE FINANCIAL INSTRUMENTS - Fair value of    HTML     55K 
                derivative instruments in balance sheets (Details)               
90: R76         DERIVATIVE FINANCIAL INSTRUMENTS - Narrative        HTML     37K 
                (Details)                                                        
91: R77         DERIVATIVE FINANCIAL INSTRUMENTS - Location of      HTML     90K 
                gain (Loss) Recognized in Income Related to Hedges               
                and Derivatives (Details)                                        
92: R78         DERIVATIVE FINANCIAL INSTRUMENTS - Offsetting       HTML     47K 
                assets (Details)                                                 
93: R79         FAIR VALUE MEASUREMENTS - Assets and liabilities    HTML     80K 
                measured on a recurring basis (Details)                          
94: R80         Fair Value Measurements (Details)                   HTML     34K 
95: R81         Fair Value Measurements - Narrative (Details)       HTML     29K 
96: R82         Subsequent Event (Details)                          HTML     31K 
99: XML         IDEA XML File -- Filing Summary                      XML    180K 
97: XML         XBRL Instance -- fti-20220630_htm                    XML   3.42M 
98: EXCEL       IDEA Workbook of Financial Reports                  XLSX    171K 
11: EX-101.CAL  XBRL Calculations -- fti-20220630_cal                XML    278K 
12: EX-101.DEF  XBRL Definitions -- fti-20220630_def                 XML    770K 
13: EX-101.LAB  XBRL Labels -- fti-20220630_lab                      XML   1.84M 
14: EX-101.PRE  XBRL Presentations -- fti-20220630_pre               XML   1.15M 
10: EX-101.SCH  XBRL Schema -- fti-20220630                          XSD    172K 
100: JSON        XBRL Instance as JSON Data -- MetaLinks              514±   777K  
101: ZIP         XBRL Zipped Folder -- 0001681459-22-000053-xbrl      Zip    763K

‘R40’   —   Stockholders? Equity (Tables)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.22.2
STOCKHOLDERS’ EQUITY (Tables)
 6 Months Ended
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Accumulated other comprehensive income (loss) consisted of the following:
(In millions)Foreign Currency
Translation		HedgingDefined Pension 
and Other
Post-Retirement
Benefits		Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc		Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
March 31, 2022$(1,033.1)$(25.8)$(126.4)$(1,185.3)$(5.3)
Other comprehensive loss before reclassifications, net of tax(125.2)(43.7)(1.3)(170.2)(4.8)
Reclassification adjustment for net losses included in net income, net of tax— 5.4 3.1 8.5 — 
Other comprehensive income (loss), net of tax(125.2)(38.3)1.8 (161.7)(4.8)
June 30, 2022$(1,158.3)$(64.1)$(124.6)$(1,347.0)$(10.1)
(In millions)Foreign Currency
Translation		HedgingDefined Pension 
and Other
Post-Retirement
Benefits		Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc		Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
December 31, 2021$(1,158.4)$(17.3)$(129.3)$(1,305.0)$(5.7)
Other comprehensive income (loss) before reclassifications, net of tax0.1 (58.6)(1.5)(60.0)(4.4)
Reclassification adjustment for net losses included in net income (loss), net of tax— 11.8 6.2 18.0 — 
Other comprehensive income (loss), net of tax0.1 (46.8)4.7 (42.0)(4.4)
June 30, 2022$(1,158.3)$(64.1)$(124.6)$(1,347.0)$(10.1)
Schedule of Reclassifications Out of Accumulated other Comprehensive Loss
Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2022202120222021
Details about Accumulated Other Comprehensive Income (loss) ComponentsAmount Reclassified out of Accumulated Other
Comprehensive Loss		Affected Line Item in the Condensed Consolidated Statements of Income
Gains (losses) on hedging instruments
Foreign exchange contracts$4.1 $(15.6)$(0.5)$(26.0)Revenue
(6.6)3.2 (7.0)11.5 Cost of sales
(0.2)0.1 (0.3)0.2 Selling, general and administrative expense
(4.9)2.9 (8.9)6.9 Other income (expense), net
(7.6)(9.4)(16.7)(7.4)Income (loss) before income taxes
(2.2)(4.7)(4.9)(5.4)Provision for income taxes
$(5.4)$(4.7)$(11.8)$(2.0)Net income (loss)
Pension and other post-retirement benefits
Amortization of prior service credit (cost)$(0.1)$(0.2)$(0.2)$(0.3)(a)
Amortization of net actuarial loss(5.7)(6.1)(9.1)(13.0)(a)
(5.8)(6.3)(9.3)(13.3)Income (loss) before income taxes
(2.7)(1.3)(3.1)(3.4)Provision for income taxes
$(3.1)$(5.0)$(6.2)$(9.9)Net income (loss)
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/29/22
For Period end:6/30/22
3/31/2210-Q
12/31/2110-K,  SD
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  TechnipFMC plc                    10-K       12/31/23  163:87M
 2/24/23  TechnipFMC plc                    10-K       12/31/22  158:21M

2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/10/22  TechnipFMC plc                    8-K:1,9     5/04/22   11:165K                                   Donnelley … Solutions/FA
 3/18/22  TechnipFMC plc                    DEF 14A     4/29/22    1:5M                                     Broadridge Fin’l So… Inc
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Filing Submission 0001681459-22-000053   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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