ࡱ;   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry  \pCalc Ba=: =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri1Calibri General;6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_) #,##0.003._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_) #,##0#\(#,##0.00_);[RED]\(#,##0.00\)'""($"#,##0.00_);[RED]"($"#,##0.00\)\(#,##0_);[RED]\(#,##0\)                + ) , *   (  " "   "8 # # # # # # #  ( ( #4 #4 #4 #8 (8 *8 #4 #4 #4 #4 `,technipfmc plc.current report1current report-13not applicable5 signatures!u8reconciliation of us gaap$=reconciliation of us gaap -1$oBreconciliation of us gaap -2$AEreconciliation of us gaap -3$Ireconciliation of us gaap -4$Lreconciliation of us gaap -5$kQreconciliation of us gaap -6CUcontacts"Xcondensed consolidated stagbusiness segment data;ybusiness segment data-1ebusiness segment data-2"Ʌcondensed consolidated bal$͑condensed consolidated sta-1!Sreconciliation of gaap to$reconciliation of gaap to -1$reconciliation of gaap to -2$ereconciliation of gaap to -3$reconciliation of gaap to -4$Greconciliation of gaap to -5$oreconciliation of gaap to -6$reconciliation of gaap to -7$reconciliation of gaap to -8$7,reconciliation of gaap to -9T:2t     3  @@  FTechnipfmc PLCCURRENT REPORTEngland and Wales 001-37983 98-1283037.(State or other jurisdiction of incorporation)(Commission File Number)$(I.R.S. Employer Identification No.)/One St. Paul s ChurchyardLondon, United KingdomEC4M 8AP((Address of principal executive offices) (Zip Code)Not Applicable SIGNATURESBy: /s/ Maryann T. MannenDated: July 26, 2017Name: Maryann T. Mannen@Title: Executive Vice President and Chief Financial OfficereReconciliation of U.S. GAAP to non-GAAP financial measures are detailed in financial schedules below.&(In millions except per share amounts))Three Months Ended June 30, 20175Three Months Ended June 30, 2016 (Pro Forma)ChangeRevenue(22.5%) Net income198.7% Diluted EPSAdjusted EBITDA44.3%Adjusted EBITDA margin13.0%7.0%+600 bps)Net income, excluding charges and credits*Diluted EPS, excluding charges and creditsInbound ordersBacklog (In millions)(28.0%)Operating profit(9.8%)(7.1%)21.8%16.9%+490 bps>Estimated Backlog Scheduling as of June 30, 2017 (In millions)Subsea2017 (6 months)20182019 and beyondTotal(19.8%)227.2%84.4%10.4%4.5%+590 bpsOnshore/Offshore(1.3%)n/m308.0%12.0%2.9%+910 bps Order intake ĢtvbCorporate Expense $50-$55 million per quarter (excluding the impact foreign currency fluctuations)1Net Interest Expense$20-$22 million per quarter*Tax Rate28% - 32%*/Capital Expenditures approximately $300 millionFMerger Integration and Restructuring Costs$125 million Q3-Q4 (total)*Cost Synergiestarget remains $400 million annual savings ($200 million exit run-rate 12/31/17, $400 million exit run-rate 12/31/18)*Items updated July 26, 2017ContactsInvestor relationsMedia relations\Matt SeinsheimerVice President Investor RelationsTel: +1 281 260 3665Email: Matt SeinsheimermChristophe BelorgeotVice President Corporate CommunicationsTel: +33 1 47 78 39 92 Email: Christophe BelorgeotRJames DavisSenior Manager Investor RelationsTel: +1 281 260 3665Email: James DavisSDelphine NayralManager Public RelationsTel: +33 1 47 78 34 83Email: Delphine NayralTLisa AdamsSenior Manager Digital CommunicationsTel: +1 281 405 4659Email: Lisa Adams+CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)Three Months EndedSix Months EndedJune 3020172016Costs and expensesOther income (expense), net3Income before net interest expense and income taxesNet interest expenseIncome before income taxesProvision for income taxes:Net (income) loss attributable to noncontrolling interests)Net income attributable to Ģtv plc2Earnings per share attributable to Ģtv plc:BasicDiluted$Weighted average shares outstanding:BUSINESS SEGMENT DATASurface Technologies +Other revenue and intercompany eliminationsSegment operating profit (loss)Total segment operating profitCorporate itemsCorporate expense, net (1)Interest expenseTotal corporate items"Net income before income taxes (2)(1)Corporate expense, net primarily includes corporate staff expenses, stock-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger-related transaction expenses.(2)Includes amounts attributable to noncontrolling interests.Inbound Orders(1)Total inbound ordersOrder Backlog(2)Total order backlogy(1)Inbound orders represent the estimated sales value of confirmed customer orders received during the reporting period.z(2)Order backlog is calculated as the estimated sales value of unfilled, confirmed customer orders at the reporting date.%CONDENSED CONSOLIDATED BALANCE SHEETSJune30, 2017December31, 2016Cash and cash equivalentsTrade receivables, netCosts in excess of billingsInventories, 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, tradeAdvance paymentsBillings in excess of costsOther current liabilitiesTotal current liabilities$Long-term debt, less current portionOther liabilities#TechnipFMC plc stockholders equityNoncontrolling interestsTotal liabilities and equity.CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS1Cash provided (required) by operating activities:Depreciation and amortization>Trade accounts receivable, net and costs in excess of billings0Advance payments and billings in excess of costsOther)Net cash provided by operating activities1Cash provided (required) by investing activities:Capital expenditures7Cash acquired in merger of Technip and FMC Technologies4Net cash provided (required) by investing activities1Cash provided (required) by financing activities:Net increase (decrease) in debtDividends paid)Net cash required by financing activitiesHEffect of changes in foreign exchange rates on cash and cash equivalents0Increase (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 MEASURES June 30, 2017FIncome before net interest expense and income taxes (Operating profit)ZEarnings 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 costsChange in accounting estimate%Purchase price accounting adjustmentsAdjusted financial measuresPro Forma Three Months Ended June 30, 20167(including legacy FMC Technologies and PPA adjustments)Pro Forma Six Months Ended (Unaudited) (after-tax)6Net income attributable to Ģtv plc, as reported Impairment and other charges (1)-Restructuring and other severance charges (2):Business combination transaction and integration costs (3)!Change in accounting estimate (4))Purchase price accounting adjustments (5)2Adjusted net income attributable to Ģtv plc7Diluted EPS attributable to Ģtv plc, as reported3Adjusted diluted EPS attributable to Ģtv plc/(1)Tax effect of nil and $11 million during the three months ended and nil and $17 million during the six months ended June 30, 2017 and 2016, respectively.(2)Tax effect of $(5) million and $10 million during the three months ended and $(2) million and $15 million during the six months ended June 30, 2017 and 2016, respectively. (3)Tax effect of $8 million and $6 million during the three months ended and $24 million and $6 million during the six months ended June 30, 2017 and 2016, respectively. (4)Tax effect of $6 million and nil during the three months ended and $6 million and nil during the six months ended June 30, 2017 and 2016, respectively.(5)Tax effect of $9 million and nil during the three months ended and $44 million and nil during the six months ended June 30, 2017 and 2016, respectively.Corporate and Other'Operating profit, as reported (pre-tax)@Purchase price accounting adjustments - non-amortization related<Purchase price accounting adjustments - amortization relatedSubtotalAdjusted Operating profit&Adjusted Depreciation and amortization$Operating profit margin, as reported13.6%11.3%(0.3)%8.3% Adjusted Operating profit margin16.3%9.8%7.5%9.9%Revenue, as pro forma(Operating profit (pre-tax), as pro forma%Operating profit margin, as pro forma10.9%2.8%(8.02.1%4.1%(2.74.6%9.3%9.7%(3.66.0%14.0%8.9%9.0%9.6%19.8%9.5%13.1%12.7%10.0%(15.22.5%4.4% %5.9%16.8%4.8%5.8%Net cash cc   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ,, PH0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} .} } } } $} ,,,,       PH 0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} /} }  } ,,,     PH0 0(   ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ,,  PH@0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } @} ,,,,,       PHP0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} *}  } }  } } } ,,,,,, , , , , ,,,,      ~ <~ D  ~ ~ CV  ~    ~ K~      ! 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