TechnipFMC plc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibit and Financial Statement Schedules
(a)The following documents are filed as part of this Annual Report on Form 10-K:
- The following consolidated financial statements of TechnipFMC plc and subsidiaries are filed as part of this Annual Report on Form 10-K under Part II, Item 8:
Reports of Independent Registered Public Accounting Firm on Consolidated Financial Statements (PCAOB ID:238)
Consolidated Statements of Income for the Years Ended December 31, 2023, 2022 and 2021
Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2023, 2022, and 2021
Consolidated Balance Sheets as of December 31, 2023 and 2022
Consolidated Statements of Cash Flows for the Years Ended December 31, 2023, 2022 and 2021
Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 2023, 2022 and 2021
Notes to Consolidated Financial Statements
- Financial Statement Schedule:
See “Schedule II - Valuation and Qualifying Accounts” included herein. All other schedules are omitted because of the absence of conditions under which they are required or because information called for is shown in the consolidated financial statements and notes thereto in Part II, Item 8 of this Annual Report on Form 10-K.
- Exhibits:
See “Index of Exhibits” filed as part of this Annual Report on Form 10-K.
Part IV
Item 15 (a) (2), Financial Statement Schedule
Schedule II—Valuation and Qualifying Accounts
| (In millions) | Additions | ||||
|---|---|---|---|---|---|
| Description | Balance atBeginning of Period | Charged to Costsand Expenses | Charged to Other Accounts (a) | Deductionsand Adjustments (b) | Balance atEnd of Period |
| Trade receivables allowance for credit losses | $40.2 | $17.0 | $(10.8) | $(8.3) | $38.1 |
| Valuation allowance for deferred tax assets | $815.1 | $129.7 | $(12.0) | $2.7 | $935.5 |
| Inventory valuation reserve | $155.7 | $30.5 | $(3.0) | $(66.6) | $116.6 |
| Trade receivables allowance for credit losses | $38.1 | $1.3 | $9.1 | $(14.4) | $34.1 |
| Valuation allowance for deferred tax assets | $935.5 | $79.4 | $(15.8) | $— | $999.1 |
| Inventory valuation reserve | $116.6 | $21.9 | $(2.0) | $(28.3) | $108.2 |
| Trade receivables allowance for credit losses | $34.1 | $0.9 | $(0.1) | $(0.5) | $34.4 |
| Valuation allowance for deferred tax assets | $999.1 | $— | $28.0 | $(109.7) | $917.4 |
| Inventory valuation reserve | $108.2 | $3.7 | $1.8 | $(14.0) | $99.7 |
(a)"Additions charged to other accounts” includes translation adjustments.
(b)“Deductions and adjustments” includes write-offs, net of recoveries, increases in allowances offset by increases to deferred tax assets, and reductions in the allowances credited to expense.
See accompanying Report of Independent Registered Public Accounting Firm.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.