XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue:      
Product revenue $ 6,335.7us-gaap_SalesRevenueGoodsNet $ 5,724.7us-gaap_SalesRevenueGoodsNet $ 5,198.2us-gaap_SalesRevenueGoodsNet
Service revenue 1,276.5us-gaap_SalesRevenueServicesNet 1,066.0us-gaap_SalesRevenueServicesNet 656.6us-gaap_SalesRevenueServicesNet
Lease and other revenue 330.4us-gaap_OtherSalesRevenueNet 335.5us-gaap_OtherSalesRevenueNet 296.6us-gaap_OtherSalesRevenueNet
Total revenue 7,942.6us-gaap_SalesRevenueNet 7,126.2us-gaap_SalesRevenueNet 6,151.4us-gaap_SalesRevenueNet
Costs and expenses:      
Cost of product revenue 4,860.0us-gaap_CostOfGoodsSold 4,562.4us-gaap_CostOfGoodsSold 4,155.7us-gaap_CostOfGoodsSold
Cost of service revenue 925.0us-gaap_CostOfServices 792.7us-gaap_CostOfServices 486.8us-gaap_CostOfServices
Cost of lease and other revenue 214.8us-gaap_OtherCostOfOperatingRevenue 216.3us-gaap_OtherCostOfOperatingRevenue 190.4us-gaap_OtherCostOfOperatingRevenue
Selling, general and administrative expense 750.6us-gaap_SellingGeneralAndAdministrativeExpense 694.8us-gaap_SellingGeneralAndAdministrativeExpense 596.9us-gaap_SellingGeneralAndAdministrativeExpense
Research and development expense 123.7us-gaap_ResearchAndDevelopmentExpense 112.4us-gaap_ResearchAndDevelopmentExpense 116.8us-gaap_ResearchAndDevelopmentExpense
Total costs and expenses 6,874.1us-gaap_CostsAndExpenses 6,378.6us-gaap_CostsAndExpenses 5,546.6us-gaap_CostsAndExpenses
Gain on sale of Material Handling Products (Note 5) 84.3us-gaap_GainLossOnSaleOfBusiness    
Other income (expense), net (54.0)us-gaap_OtherNonoperatingIncomeExpense 5.3us-gaap_OtherNonoperatingIncomeExpense 23.0us-gaap_OtherNonoperatingIncomeExpense
Income before interest income, interest expense and income taxes 1,098.8us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 752.9us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 627.8us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
Interest income 1.1us-gaap_InvestmentIncomeInterest 0.7us-gaap_InvestmentIncomeInterest (0.4)us-gaap_InvestmentIncomeInterest
Interest expense (33.6)us-gaap_InterestExpense (34.4)us-gaap_InterestExpense (26.2)us-gaap_InterestExpense
Income before income taxes 1,066.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 719.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 601.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 361.0us-gaap_IncomeTaxExpenseBenefit 212.6us-gaap_IncomeTaxExpenseBenefit 166.4us-gaap_IncomeTaxExpenseBenefit
Net income 705.3us-gaap_ProfitLoss 506.6us-gaap_ProfitLoss 434.8us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (5.4)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (5.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (4.8)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to FMC Technologies, Inc. $ 699.9us-gaap_NetIncomeLoss $ 501.4us-gaap_NetIncomeLoss $ 430.0us-gaap_NetIncomeLoss
Earnings per share attributable to FMC Technologies, Inc. (Note 3):      
Basic (in dollars per share) $ 2.96us-gaap_EarningsPerShareBasic $ 2.10us-gaap_EarningsPerShareBasic $ 1.79us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 2.95us-gaap_EarningsPerShareDiluted $ 2.10us-gaap_EarningsPerShareDiluted $ 1.78us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding (Note 3):      
Basic (in shares) 236.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 238.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 239.7us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 236.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 239.1us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 240.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding