ࡱ; |  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{~Root Entry  \pCalc Ba=6 =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri1Calibri General #,##0.00 #,##0;6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_)'""($"#,##0.00_);[RED]"($"#,##0.00\)3._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_)#\(#,##0.00_);[RED]\(#,##0.00\)                + ) , *   (  " " "8 "8       #4 #4 # # # (8  ( # ( ( #4 #4 *8 #8 "0 `n+technipfmc plct-current reportF0current report-12not applicableD6not applicable-17 exhibit index: signatures!n=reconciliation of us gaap$Dreconciliation of us gaap -1$Jreconciliation of us gaap -2$Mreconciliation of us gaap -3$`Sreconciliation of us gaap -4$Vreconciliation of us gaap -5!d\corporate and other items#_corporate and other items-1"acondensed consolidated sta2nbusiness segment dataxbusiness segment data-1v}business segment data-2"ҁcondensed consolidated bal. cash flowscharges and credits\charges and credits-1!Hreconciliation of gaap to$reconciliation of gaap to -1" reconciliation of corporat$reconciliation of gaap to -2T*"l     3  @@  Technipfmc PLCCURRENT REPORTUnited Kingdom 001-37983 98-1283037.(State or other jurisdiction of incorporation)(Commission File Number)$(I.R.S. Employer Identification No.)One St. Paul s ChurchyardLondonEC4M 8AP((Address of principal executive offices) (Zip Code)Not Applicable;Securities registered pursuant to Section 12(b) of the Act:Title of Each ClassTrading Symbol)Name of Each Exchange on Which Registered*Ordinary shares, $1.00 par value per shareFTINew York Stock ExchangeASecurities registered pursuant to Section 12(g) of the Act: None. EXHIBIT INDEXExhibit NumberExhibit Description7News Release issued by the Company dated April 22, 2020AInline XBRL for the cover page of this Current Report on Form 8-K SIGNATURESĢtv plcBy: /s/ Maryann T. MannenDated:April22, 2020Name: 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)March 31, 2020 March 31,2019ChangeRevenue7.5%Net income (loss)n/m!Diluted earnings (loss) per shareAdjusted EBITDA(25.6%)Adjusted EBITDA margin7.0%10.2% (320 bps)Adjusted net income (loss)*Adjusted diluted earnings (loss) per shareInbound orders(66.1%)Backlog23.5%Three Months Ended(In millions)March 31, 20195.7%Operating profit (loss)(25.0%)8.4%11.8% (340 bps)(56.2%)4.0%FSubsea Estimated Backlog Scheduling as of March 31, 2020 (In millions)Consolidated backlog1,2Non-consolidated backlog32020 (9 months)2022 and beyondTotalQ1Backlog in the period was reduced by a foreign exchange impact of $644 million.E2Backlog does not capture all revenue potential for subsea services.3Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.15.9%Operating profit(2.9%)(14.2%)10.8%14.6% (380 bps)(82.1%)39.6%OTechnip EnergiesEstimated Backlog Scheduling as of March 31, 2020 (In millions)Consolidated backlog1Non-consolidated backlog2Q1Backlog in the period was reduced by a foreign exchange impact of $398 million.2Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.(16.1%)(18.6%)7.4%7.7%(30 bps)(0.5%)(3.6%)Corporate and Other ItemsThree Months Ended (In millions)Corporate expense, reported&Less charges and (credits) [Exhibit 9]Corporate expense, adjustedLess foreign exchange lossesACorporate expense, adjusted and excluding foreign exchange lossesContacts Investor relations Matt SeinsheimerVice President Investor RelationsTel: +1 281 260 3665Email: Matt Seinsheimer Phillip LindsayDirector Investor Relations (Europe)Tel: +44 (0) 20 3429 3929Email: Phillip LindsayMedia relations Christophe BlorgeotSenior Vice President Corporate EngagementTel: +33 1 47 78 39 92 Email: Christophe Belorgeot Brooke RobertsonPublic Relations DirectorTel: +1 281 591 4108Email: Brooke Robertson+CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) March 31,20202019Costs and expensesOther (expense) income, net:Income (loss) before net interest expense and income taxesNet interest expense!Income (loss) before income taxes$Provision (benefit) for income taxesNet Income (loss):Net (income) loss attributable to noncontrolling interests0Net income (loss) attributable to Ģtv plc7Income (loss) per share attributable to Ģtv plc:BasicDiluted$Weighted average shares outstanding:!Cash dividends declared per shareBUSINESS SEGMENT DATASubseaTechnip EnergiesSurface TechnologiesSegment operating profit (loss)%Total segment operating profit (loss)Corporate itemsCorporate expense (1)Total corporate items%Income (loss) before income taxes (2)Inbound Orders(1)Total inbound ordersOrder Backlog(2)Total order backlog%CONDENSED CONSOLIDATED BALANCE SHEETSMarch31, 2020December31, 2019Cash and cash equivalentsTrade receivables, netContract assetsInventories, netOther current assetsTotal current assets"Property, plant and equipment, netGoodwillIntangible assets, net Other assets Total assets5Short-term debt and current portion of long-term debtAccounts payable, tradeContract liabilitiesOther current liabilitiesTotal current liabilities$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 activitiesWAdjustments to reconcile net income 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, net%Cash provided by operating activities0Cash provided (required) by investing activitiesCapital expenditures"Payment to acquire debt securities Cash received from divestitureProceeds from sale of assets%Cash required by investing activities%Cash required by financing activitiesNet increase in short-term debt Net decrease in commercial paper'Proceeds from revolving credit facility(Proceeds from issuance of long-term debtPurchase of ordinary shares>Payments related to taxes withheld on share-based compensation9Settlements 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 periodCharges and Credits:Net income (loss) attributable to noncontrolling interestsMIncome (loss) 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 chargesRestructuring and other chargesDirect COVID-19 expensesSeparation costs$Purchase price accounting adjustmentValuation allowanceAdjusted financial measuresMDiluted earnings (loss) per share attributable to Ģtv plc, as reportedBAdjusted diluted earnings per share attributable to Ģtv plc)Restructuring and other severance charges7Business combinations transaction and integration costsReorganization5RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESCorporate and Other$ .Operating profit (loss), as reported (pre-tax) Restructuring and other charges*%Purchase price accounting adjustmentsSubtotal Adjusted Operating profit (loss)&Adjusted Depreciation and amortization$Operating profit margin, as reported-219.5%9.8%-128.7%-100.2% Adjusted Operating profit margin2.5%0.1%3.5%6Business combination transaction and integration costs<Purchase price accounting adjustments - amortization related4.2%11.7%2.7%5.1%13.8%3.1%6.3%#RECONCILIATION OF CORPORATE EXPENSENet cash 3 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} } }  ,,,,,,          BPH@0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} PHP0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } A} ,,,,,    ~ ۚ ~  PH`0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } ?}  ,,,, , ,        !PHp0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 9} } } } }  } ,,,,,, , , , , ,,,, " # $ % & '~ ~ - ( )~ [ ~   * +~ ~  *  ,~ X ~ 3  - .  /  0 1 2~ K ~ *  * 3~  ~   * 4~  ~ K% 5 6~  fffff\@ 7        PH 0(   ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } } } }  }  ,,,,,, , , , , " 8 $ 9 & 'fffff@~  < : ;~  6~ M * ,~ ãfffffva@ < .  =  > ?  4 fffffP@ ~ W  @ 6~ r/ ~ K-  A      PH$0(  $><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} F} } }  ,,,,,, @ , ,  B C D E!r0!!+! F!J!2 G"zy"  #H ## $I $$ J "  PH(0(  (><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } } } }  }  ,,,,,, , , , , " 8 $ 9 & '~ Kr ~ & K Lfffffb@fffffvc@ M ,~ ~ c0 N .  O  P Q  4~ k ~ (  R 6~ ST  YC@  S      PH,0(  ,><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} O} } }  ,,,,,,, ,  T U V E!rK!" !Q!  F!9! G""$ $W $$ $X $$ PH00(  0><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } } } } }  ,,,,,, , , , , " 8 $ 9 & '~ ~ se Y ;~ b~ k * ,~ K&~  / Z .  [  \ ]  4~ [< ~   ^ 6~  ~ ë  _      PH40(  4><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} A} }  ,,,,,, , , , `  a b $ c~ %S d~ %/ e~ %[ f~ %C g %C@PH80(  8><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} d} , @  &h 'i PH<0(  <><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} :} $,,,,,, , , , , ,,,,,,,,,,,,,,,,,,, j k a l m  n    '~  ~ -  o~ (?& (~ ( (~ ) ) (`@ (   p(433333?(~ ))   q~ ){)~ (k( r~ ) )~ )3v)   s~ ))(fffff&A@( t(B@(~ ((   u~ )0)~ (( v~ ))(?(   w~ [ ~     x   y~ ~  z~ ~    {   ,!,",#, y~ (; (~ (K ( !z~ !(;!(~ !(K!( " " #|~ #7#~ #7#=            !!!!""""####PH@0(  @><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} %} ,,,,,, , , , , ,,,,,,,,,,,,,,,,, } k a l m  n  '     ~ fffff@ ~  <  ~ (Kr  (~ (& ( ~ ( (~ (se (~ ~ -   s        ~~  6~ M (fffffb@((fffffvc@( ~ )b)~ (k( ~ )ˋ)~ (Q(      ~ )P)~ )m) r~ ) )~ )3v) ~ ))~ ))   ~ fffff&A@1          PHD0(  D><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} }  ,,,,,, , , , , } a  l m  n    ~ fffffP@ ~ W  ~ (k (~ (( ( ~ ([< (~ ( ( ~   ~ K%         PH H0(  H><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} }  ,,,,,,, ,  l m  n    ~~ r/~ K- ~ (ST((YC@( ~ ((~ (ë( ~    fffff\@ r  PH0L0(  L><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 5} !,,, @,, , , , , ,,,,,,,,,,,,,,,,,,,  k * ** * **   fffff@~   (A@ (~ (  ( ~ (  (~ ( ( ~ ({9 (~ (" ( ~ (;l  (~ ( ( ~ (4H (~ (H (   ~ ( i(~ (j1( ~ (v&(~ ([+"( ~ (g((fffff@( ~ (+ (~ ( ( ffffu@~ #   U@~  (fffff@(~ (;( (fffff@((@( (p@(~ ( ( ~ (L?(~ (C=(   ~ (V(~ (2>( ~ ( (~ (C3 ( ~ (=(~ (;@( ~ (#(~ (.( ~ (c,(~ (-( ,  ffffu@ ~ # 9            PH@P0(  P><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} W} 2,,,,,, , , , , ,,,,,,,,,,,,,,,,,,,  k a l m  n     )~ 0 ~      ~ (ۋ (~ ( ( ~ (K0 (~ (/ ( ~ (1(~ (k( ~ ((~ ( ( ~ )+)~ )#r) ~ ((~ (-( ~ )S)~ )) ~ (I(~ (q(    ~ ))(y`@( ~ ))~ )) ~ )s)~ )) ~ ((~ ("( ~ ))~ ( ( ~ ))~ ):) ~ ((~ )) ~ (+(~ ((      ~ )})~ )) ,!,",#,$,%,&,',(,),*,+,,,-,.,/,0,1,  + +~ ) ) !~ !(!( !+!+ "~ "( "(~ "(k"( #~ #)+#)~ #)N#) $ $ % % % &~ &(^&(~ &(&( '~ ')x')~ ')C@') (~ ((((( (+(+ ) )+)+~ )(S)( * *+*+~ *)~*) +~ +)+)+ ++++ ,~ ,)s,)~ ,),) --(?-(~ -)D-) ..)Ib.)~ .) .) /~ /)/)/)/) 0~ 0(0(~ 0(V0( 11fffff@1~ 1KN1Y            !!!!""""####$$$$%%%%&&&&''''(((())))****++++,,,,----....////00001111PHPT0(  T><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} M} ,,,,,, , , , , ,,,,,,,, > a: $: w     t    r        ~ [  ~ C B@ ~  p~ {~ #~   ++       ++  ++  ++ ++  ++  ++  ++ ~ ([I (  + +  ~ (+ ( + +  ~ (1 (  + +  ~ (1 ( ~ (s  (  + +  ~ (c ( + +  ~ ( (  + +  ~ ( ( ~ (  (  + +   (@ ( + +  ~ (& (  + +  ~ (& ( ~ (( ++ ~  (  (  ++ ~ ([*( ++ ~ ([*( ~ (+ ( ++ ~  (  (  ++ ~ (K ( ~ )) ++ ~ (( ++ ~  ) )  ++ ++ ++ ++ ~ K ~ C ~  t ~  p~ ;~ ۮ~ X          ~          ~         2f                                                PH`X0(  X><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} M} ,,,,,,, , , , , ,,,,,,> a: 9: w     t    r        ~  ~   ~  Ӊ~ k~ ~ y                    ~ ( ( + +~ (S ( + +~ ( ( + +~ ( ( ~ (# ( + +~ ( ( + +~ ( ( + +~ ( ( ~ (  ( + +~ ( ( + +~ ( ( + +~ ( ( ~ ( ( + +~ (  ( + +~ (' ( + +~ (' ( ~ (+  ( + +~ (  ( + +~ (K  (~ ) ) + + )fffff&D) ++ (fffff&D@ (  ++ ++ ++ ++ ~ *~  +n ~  Ӊ~  ~ K~ 3          ~          ~         *e                                                PHp\0(  \><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} .} ,,,,,, , , , , ,,,,,,,,,,,,,,,,,, . a* $* ~           G  'fffff@ ~ Kr ~      ++~   ++    ~  6    fffffb@  ~ b ~ P ~ {             ~ (K (  + +  ~ ( ( + +  ~ (1 ( ~ );) ~ (( ~  (s ( ~  (( ~ (( ~ (( ~ ((  (? (  ++ ~ (&(  ++ ++  + + ~  ([*( ~ ([*( ~ (K ( ++  + +  ++ ~ (K ( ~ ( (~ ( (~  (# (~  (/(~ (2(        ~ (1( ~ (z( ~  ( (~  ))~ (;(      (YR@( ~ (;( ~  (% (~  (K(~ (ۮ(        ,~ ã ~  ~  K& ~  ~ X       ++ ++  + +   ++         ++ +0+  + +   ++        . +=+ +O+  +[ +   +/+|                                                          PH`0(  `><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} <} ,,,,,,, , , , , ,,,,,,,,,,,,,,,,. a* 9* ~           G  '~  < ~ & ~  se   ++~ - ++  ++  ++,,, ~ M fffffvc@ ~  k  ~  m~ k  ++  ++ ++    ++  ++ ++  ~ ( (  + +  + + + +  ~ ( ( ~ ( (  ~ ( (  ~ ([ ( ~ (  (  ~ ( (  + +  + +  + + ~ ( (  ~ ( (  ++ ~ ('(  + +  ++ ~ ('( ~ (K ( ++  + +  ++ ~ (K ( ~ (( ~ ({-( ~  ([ ( ~  (V( ~ (a( ++  ++  ++  ++  ~ (^( ~ ( (~  (2 ( )fffff&R) ~ ( (       ~ (>( ~ (*( (2@ (~  (( ~ (K(       ,fffffva@ ~ c0~   / ~   ~ 3        ++ ++  + +   ++        ++ ++  + +   ++       . +>+ +P+  +\ +   +0+{                                                          PHd0(  d><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} A}  ,,,,,, , , , ,  a l m  n  c~ S~ C d~ (/ (~ (V ( e~ ([ ( (fffff&R@ ( f~ (C (~ (# ( g C@ ~          PHh0(  h><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 5}  ,, @,,, ,  * ** * ** fffff@~  )U)~ )) ~ )+)~ ))  ffffff@ ~ \ b   PHl0(  l><dgg   FMicrosoft Excel 97-TabelleBiff8Oh+'0|8 @ L X d p0@@@@՜.+,D՜.+,\ H AppVersion DocSecurityHyperlinksChangedLinksUpToDate ScaleCrop ShareDoc12.0000 Root EntryF}WorkbookCompObjIOle SummaryInformation(DocumentSummaryInformation8h