ࡱ;   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry  \pCalc Ba=6 =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri1Calibri General;6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_) #,##0.00#\(#,##0.00_);[RED]\(#,##0.00\)'""($"#,##0.00_);[RED]"($"#,##0.00\)                + ) , *   (  " "   "8 #4 # # #  ( ( ( #4 #4 *8 #8 #4 `c(technipfmc plci*current report;-current report-1/not applicablei1 signatures!?4reconciliation of us gaap$W;reconciliation of us gaap -1"@a significant award ranges$Dreconciliation of us gaap -2"EJa major award is over 1 bi$Mreconciliation of us gaap -3$[Sreconciliation of us gaap -4"]Ucondensed consolidated stahbusiness segment datauxbusiness segment data-1/business segment data-2"condensed consolidated bal׏ cash flows!reconciliation of gaap to$reconciliation of gaap to -1$reconciliation of gaap to -2$reconciliation of gaap to -3$reconciliation of gaap to -4$reconciliation of gaap to -5$reconciliation of gaap to -6$reconciliation of gaap to -7$,reconciliation of gaap to -8T*"l     3  @@  \Technipfmc PLCCURRENT REPORTEngland and Wales 001-37983 98-1283037.(State or other jurisdiction of incorporation)(Commission File Number)$(I.R.S. Employer Identification No.)/One St. Paul s ChurchyardLondon, United KingdomEC4M 8AP((Address of principal executive offices) (Zip Code)Not Applicable SIGNATURESĢtv plcBy: /s/ Maryann T. MannenDated: July 24, 2019Name: Maryann T. Mannen>Title: Executive Vice President and Chief Financial Officer`Reconciliation of U.S. GAAP to non-GAAP financial measures are below and in financial schedules.9Three Months Ended(In millions, except per share amounts) June 30, 2019 June 30,2018ChangeRevenue16.0% Net income(8.2%)Diluted earnings per share(8.7%)Adjusted EBITDA19.3%Adjusted EBITDA margin13.1%12.7%40 bpsAdjusted net income33.2%#Adjusted diluted earnings per share39.3%Inbound orders164.2%Backlog73.4%Three Months Ended(In millions) June 30, 201823.9%Operating profit24.6%(2.6%)12.3%15.7% (340 bps)73.6%41.6%* A  significant award ranges between $75 million and $250 million; the total value of all contracts is also within this range.ESubsea Estimated Backlog Scheduling as of June 30, 2019 (In millions)Consolidated backlog*Non-consolidated backlog**2019 (6 months)20202021 and beyondTotalE* Backlog does not capture all revenue potential for subsea services.** Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.12.1%60.0%65.0%18.7%600 bps253.4%100.6%u* A  major award is over $1 billion; the consolidated contract value to TechnipFMC for Arctic LNG 2 is $7.6 billion.NOnshore/OffshoreEstimated Backlog Scheduling as of June 30, 2019 (In millions)Consolidated backlogNon-consolidated backlog** Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.4.8%(50.5%)(35.7%)11.1%18.1% (700 bps)0.2%2.7%Contacts Investor relations Matt SeinsheimerVice President Investor RelationsTel: +1 281 260 3665Email: Matt Seinsheimer Phillip LindsayDirector Investor Relations (Europe)Tel: +44 (0) 20 3429 3929Email: Phillip LindsayMedia relations Christophe BlorgeotSenior Vice President Corporate EngagementTel: +33 1 47 78 39 92 Email: Christophe Belorgeot Delphine NayralDirector Public RelationsTel: +33 1 47 78 34 83Email: Delphine Nayral+CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)Three Months EndedSix Months EndedJune 30,20192018Costs and expensesOther (expense) income, net3Income before net interest expense and income taxesNet interest expenseIncome before income taxesProvision for income taxes3Net income attributable to noncontrolling interests)Net income attributable to Ģtv plc2Earnings per share attributable to Ģtv plc:BasicDiluted$Weighted average shares outstanding:!Cash dividends declared per shareBUSINESS SEGMENT DATASubseaOnshore/OffshoreSurface TechnologiesSegment operating profitTotal segment operating profitCorporate itemsCorporate expense (1)Total corporate items"Net income before income taxes (2)Inbound Orders(1)Total inbound ordersOrder Backlog(2)Total order backlog%CONDENSED CONSOLIDATED BALANCE SHEETSJune30, 2019December31, 2018Cash and cash equivalentsTrade receivables, netContract assetsInventories, netOther current assetsTotal current assets"Property, plant and equipment, netGoodwillIntangible assets, net Other assets Total assets5Short-term debt and current portion of long-term debtAccounts payable, tradeContract liabilitiesOther current liabilitiesTotal current liabilities$Long-term debt, less current portionOther liabilities"Redeemable noncontrolling interest#TechnipFMC plc stockholders equityNoncontrolling interestsTotal liabilities and equity%CONSOLIDATED STATEMENTS OF CASH FLOWS0Cash provided (required) by operating activities^Adjustments to reconcile net income (loss) to cash provided (required) by operating activities Depreciation Amortization Impairments8Employee benefit plan and share-based compensation costs,Deferred income tax provision (benefit), net>Unrealized loss on derivative instruments and foreign exchange8Income from equity affiliates, net of dividends receivedOtherKChanges in operating assets and liabilities, net of effects of acquisitions*Trade receivables, net and contract assets&Income taxes payable (receivable), net)Other current assets and liabilities, net,Other noncurrent assets and liabilities, net0Cash provided (required) by investing activitiesCapital expenditures"Payment to acquire debt securities %Proceeds from sale of debt securities"Acquisitions, net of cash acquired"Cash divested from deconsolidationProceeds from sale of assets%Cash required by investing activities%Cash required by financing activitiesNet decrease in short-term debt+Net (decrease) increase in commercial paper(Proceeds from issuance of long-term debtPurchase of ordinary sharesDividends paid9Settlements of mandatorily redeemable financial liabilityHEffect of changes in foreign exchange rates on cash and cash equivalents%Decrease in cash and cash equivalents.Cash and cash equivalents, beginning of period(Cash and cash equivalents, end of period5RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESFIncome before net interest expense and income taxes (Operating profit)Depreciation and amortizationZEarnings before net interest expense, income taxes, depreciation and amortization (EBITDA)Ģtv plc, as reportedCharges and (credits):Impairment and other charges)Restructuring and other severance charges6Business combination transaction and integration costsLegal provision, net$Purchase price accounting adjustmentAdjusted financial measuresFDiluted earnings per share attributable to Ģtv plc, as reportedBAdjusted diluted earnings per share attributable to Ģtv plcReorganizationValuation allowanceCorporate and Other$ .Operating profit (loss), as reported (pre-tax)<Purchase price accounting adjustments - amortization relatedSubtotal Adjusted Operating profit (loss)&Adjusted Depreciation and amortization$Operating profit margin, as reported6.3%18.2%6.1%7.4% Adjusted Operating profit margin7.1%18.3%9.9%Onshore/ Offshore@Purchase price accounting adjustments - non-amortization related6.2%12.8%7.6%8.3%14.2%8.8%5.4%15.1%4.4%6.0%16.2%16.8%9.4%11.8%10.6%7.5%7.8%12.6%13.2%15.9%12.5%Net cash cc   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