ࡱ; pm  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijkloqRoot Entry  \pCalc Ba=. =@ 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 `&No Title(technipfmc plc+technipfmc plc-1-not applicable/ signatures!2reconciliation of us gaap$7reconciliation of us gaap -1";a significant award ranges$?reconciliation of us gaap -2$Creconciliation of us gaap -3$gGreconciliation of us gaap -4$Kreconciliation of us gaap -5"Mcondensed consolidated staYbusiness segment datagdbusiness segment data-19ibusiness segment data-2"mcondensed consolidated baly cash flowscharges and creditscharges and credits-1!Ϫreconciliation of gaap to$ reconciliation of gaap to -1$reconciliation of gaap to -2T \     3  @@  ! Ģtv plcEngland and Wales 001-37983 98-1283037.(State or other jurisdiction of incorporation)(Commission File Number)$(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:April 25, 2019Name: Maryann T. Mannen>Title: Executive Vice President and Chief Financial Officera 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, 2019 March 31,2018ChangeRevenue(6.8%) Net income(78.0%)Diluted earnings per share(75.0%)Adjusted EBITDA(23.5%)Adjusted EBITDA margin10.2%12.4% (222 bps)Adjusted net income(79.2%)#Adjusted diluted earnings per share(78.6%)Inbound orders77.4%Backlog26.9%Three Months Ended(In millions)March 31, 20180.4%Operating profit(8.3%)(18.8%)11.8%14.6% (279 bps)118.1%22.4%E * A  significant award ranges between $75 million and $250 million.FSubsea Estimated Backlog Scheduling as of March 31, 2019 (In millions)Consolidated backlog*Non-consolidated backlog**2019 (9 months)20202021 and beyondTotalE* Backlog does not capture all revenue potential for subsea services.** Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.b Reconciliation of U.S. GAAP to non-GAAP financial measures are below and in financial schedules. (15.1%)(23.3%)(9.4%)13.7%93 bps69.7%31.7%OOnshore/OffshoreEstimated Backlog Scheduling as of March 31, 2019 (In millions)Consolidated backlogNon-consolidated backlog** Non-consolidated backlog reflects the proportional share of backlog related to joint ventures that is not consolidated due to our minority ownership position.5.7%(65.7%)(40.2%)7.7%13.5% (587 bps)(10.2%)6.9%Contacts Investor relations Matt SeinsheimerVice President Investor RelationsTel: +1 281 260 3665Email: Matt Seinsheimer Phillip LindsayDirector Investor Relations (Europe)Tel: +44 (0) 20 3429 3929Email: Phillip LindsayMedia relations Christophe BlorgeotSenior Vice President Corporate EngagementTel: +33 1 47 78 39 92 Email: Christophe Belorgeot Delphine NayralDirector Public RelationsTel: +33 1 47 78 34 83Email: Delphine Nayral, CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)Three Months Ended March 31,20192018Costs and expensesOther (expense) income, net3Income before net interest expense and income taxesNet interest expenseIncome before income taxesProvision for income taxes1Net loss attributable to noncontrolling interests)Net income attributable to Ģtv plc2Earnings per share attributable to Ģtv plc:BasicDiluted$Weighted average shares outstanding:!Cash dividends declared per share BUSINESS SEGMENT DATASubseaOnshore/OffshoreSurface TechnologiesSegment operating profit (loss)Total 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 SHEETSMarch31, 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 "Acquisitions, net of cash acquiredProceeds from sale of assets%Cash required by financing activitiesNet increase in short-term debt Net decrease in commercial paper(Proceeds from issuance of long-term debtRepayments of long-term debtPurchase of ordinary shares9Settlements of mandatorily redeemable financial liabilityHEffect 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 period Charges and Credits0Net income (loss) attributable to Ģtv plc:Net income (loss) attributable to noncontrolling interestsMIncome (loss) before net interest expense and income taxes (Operating profit)Depreciation and amortizationaEarnings (loss) 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 costsReorganization$Purchase price accounting adjustmentValuation allowanceAdjusted financial measuresMDiluted earnings (loss) per share attributable to Ģtv plc, as reportedIAdjusted diluted earnings (loss) per share attributable to Ģtv plcFIncome before net interest expense and income taxes (Operating profit)ZEarnings before net interest expense, income taxes, depreciation and amortization (EBITDA)6 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESOnshore/ OffshoreCorporate 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 reported4.2%11.7%2.7% Adjusted Operating profit margin5.1%13.8%3.1%6.3%@Purchase price accounting adjustments - non-amortization related4.6%12.9%8.2%7.3%7.2%13.1%9.8%8.8%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} 9} }  }  } ,,,,,, , , , ,,,      -#     S   3\   ! " # $ *{ % &~  Q? ' (K%~6 ) *fffff\@~  +PH`0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } }  }  ,,,,,, , , ,  ,  -   <4 . /MU 0 fffffva@~  1  2 3 4 ( Ws~ 5 * K-KL% 6PHp0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} F} } }  ,,,,,, , , , 7  8 9 : ;~ [a@ <`@fffffa@ ={  > K-s ?  @ "  PH 0(   ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } } }  ,,,,,, , , , A ,  -  &s  B /fffffvc@~  = C c0^ D  3 E F ( (J  G * YC@~ - HPH$0(  $><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} O} } }  ,,,,,,,  I J K ;fffff˰@fffff@ < =~ $fffffr@ >YC@~  L PH(0(  (><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} } }  }  ,,,,,, , , ,  ,  -  seD M /k/ N  /N O  P Q R (  S * ë TPH,0(  ,><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} d} , @  U V PH00(  0><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 3} $,,,,,, , , , , ,,,,,,,,,,,,,,,,,,, W  X   Y   Z   [    \     ~ !- !~ !# ! ]~ " "~ "; " "`@ "~ "u "   ^~ ##~ ##   _~ "k"~ "kd" `~ #3v#~ #sw#   a"fffff&A@""fffffa@" b~ ""~ " M"   ~ ""~ "ӎ" c"?"~ ""   d~ ! !~ !!   e   f~ !!~ !S! g~ !!~ !S!   h   ,!,",#, f~ "K "~ "{ " !g~ !"K!"~ !"!" " " #i~ #!7#!~ #!7#!=            !!!!""""####PH40(  4><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} "} ,,,,,, , , , , ,,,,,,,,,,,,,,,,, j  X   Y   Z   [    \        k~ ! < !~ !4 ! l~ "& "~ "s  " m~ "se "~ "D "~ !-!~ !#!   a     n   k~ !M!~ !U! l"fffffvc@"~ " =" m~ "k"~ "/" o~ "Q""fffffq@"   p   q~ #m#~ ## `~ #3v#~ #sw# r~ ###ffffffb#   s!fffff&A@!!fffffa@!1          PH80(  8><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} }  ,,,,,, , , , , j  Y  t  Z   [    \     k~ !W !~ !s~ ! l~ "( "~ "J  " m~ " "~ " " u~ !K% !~ !~6 !        PH<0(  <><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} }  ,,,,,,, , v  Z   [    \     k~ !K-!~ !KL%! l"YC@"~ "-" m~ "ë"~ "" w !fffff\@ !~ ! !r  PH@0(  @><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 5} !,,, @,, , , , , ,,,,,,,,,,,,,,,,,,, x  X  $y $$ $z $$   {~ !KN!~ !V! | "@ " "fffffK@ " }~ " r "~ "> " ~~ " "~ " " ~ "* "~ "z " ~ "kD "~ "#G "   ~ ";"~ "s" ~ "Sh."~ "n." "@"~ "." ~ " "~ "" ~ ![!~ !E!   ~ !kF!!P@! ~ " ""P@" ~ ""~ "" ~ "K"~ "C" ~ ":"~ "7"   ~ "6:"~ ";," ~ "` ""@" ~ "+<"~ "+<" "YH@"~ "cy?" ~ "K0"~ "0" , ~ ![ !~ !E !9            PHD0(  D><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ^} 3,,,,,, , , , , ,,,,,,,,,,,,,,,,,,,   X   Y   Z   [    \      ~ ! !~ !ӎ !    ~ " "~ " " ~ "/ "~ "F " ~ "k"~ "" ~ " "~ " " ~ ##r#~ #k# ~ "-"~ "k " ~ ##~ #c# ~ "q"~ """    "y`@"#U# ~~ ##~ ## ~ ##~ ## ~ """~ ":" ~ " "~ "" ~ #:#"C@" ~ ##~ #Z# ~ ""~ ##      ~ ##~ ## ,!,",#,$,%,&,',(,),*,+,,,-,.,/,0,1,2, ~ # # % % ! !%!%~ !# !# "~ ""k""~ """" # #%#%~ #### $~ $#N$#~ $#N$# % % & & & '~ '"'"~ '"'" (~ (#C@(#~ (#CH(# )~ )"S)"~ )")" * *%*%~ *#*# +~ +#~+#~ +#So+# ,~ ,#,# ,%,% - -%-%~ -"3-" .~ .#D.#~ .#.# /~ /# /#~ /"/" 00#0#0#fffff&0# 1~ 1"V1"~ 1"3)1" 2~ 2!KN2!~ 2!%2![            !!!!""""####$$$$%%%%&&&&''''(((())))****++++,,,,----....////000011112222PH H0(  H><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} M} ,,,,,, , , , , ,,,,,,,, >  Y:   :         b   `            ~ ! !&&~  ! !~  !Ӊ!~ !k!~ !!~ !y!                ~ " " % %~ "S " % %~ " " % %~ " " ~ "# " % %~ " " % %~ " " % %~ " " ~ "  " % %~ " " % %~ " " % %~ " " ~ "" %%~  "  "  %%~ "'" %%~ "'" ~ "+ " %%~  "  "  %%~ "K "~ ## %% #fffff&D# %% "fffff&D@ "  %% %% %% %% ~ !*!&&~  !+n !~  !Ӊ!~ ! !~ !K!~ !3!          ~ !!         ~ !!        2f                                                PH0L0(  L><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} M} ,,,,,,, , , , , ,,,,>  Y:   -:   d       b   `            ~ !!~ &;&~  ! M !~  !!~ !kd!!y`@!~ ![2!                     "@ " % %~ "C " % %~ " " % %~ " " ~ "  " % % "ffffff@ " % %~ "K  " % %~ "K  "  "ffffff@ " % %~ "[ " % %~ " " % %~ " " ~ "[% " % %~ "  " % %~ "0 "~ # #~ " " ~ !{ !~ &; &~ !_ !~ ! !~ !  !~ !  !~ !\ !          ~ !S!         !Q?!        W                                            PH@P0(  P><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} <} ,,,, @, , , , , ,,,,,,,,,,,,,,,,,, .  Y*   *   k   $ $$  m      >   ~ ! <!~ !&!~  !se !  %%~ !-!      ~ !M ! !fffffvc@ !~ !k !~ &m &~ !k !            ~ " " % % % % % %~ " " ~ ""~ ""~  "[ "~  " "~ ""  %% %%  % %~  ""~ ""  %%~ "'"  % %  %%~ "'" ~ "K " %%  % %  %%~ "K " ~ ""~ "{-"~  "[ "~  "V"~ "a"        ~ "^"~ " "~  "2 " #fffff&R#~ " "        ~ ">"~ "*" "2@ "~  ""~ "K"        !fffffva@!~ !c0!~  ! / !~  &&~ !3!         %% %%  % %   %%         %% %%  % %   %%         %2% %3%  %P %   %!%|                                                          PHPT0(  T><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} @} ,,, @,,, , , , , ,,,,,,,,,,,,,,,,.  Y*   -*   k   $ $$  m      >   ~ !4!~ !s !~  !D !  %%~ !#!        ~ !U!~ ! =!~  !/ !~  &&~ !kd!            ~ " "~ " " % % % %~ " " ~ "; "~ "k "~ " "~ " "~ "K  "  % % % % % %~ " "~ " " ~ "" %%~  " "  %%~ "" ~ ";"" %%~  # #~  ##~ "!" ~ "~"~ "{"~  ";  "~  """~ "K"        ~ "s"~ "B"~  " 9 "~  ##~ " "        ~ "S"~ "s "~  " " "?"~ " "        ~ !!~ !^!~  !N !~  &˰&~ !\!         %% %%  % %   %%         %% %%  % %   %%         %3% %E%  %Q %   %"%{                                                          PH`X0(  X><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} 5}  ,, @,,, , ,  $y $$ $z $$   {~ !KN!~ !V! ~ ###P# ~ # #~ # #  !@ !~ !: !r    PHp\0(  \><dgg   FMicrosoft Excel 97-TabelleBiff8Oh+'0|8 @ L X d p0@@@a@a՜.+,D՜.+,\ H AppVersion DocSecurityHyperlinksChangedLinksUpToDate ScaleCrop ShareDoc12.0000 Root EntryFnWorkbookECompObjIOle SummaryInformation(DocumentSummaryInformation8h