TechnipFMC (FTI) Asset Writedowns and Impairment (2017 - 2022)

TechnipFMC (FTI) has reported Asset Writedowns and Impairment for 6 consecutive years, with $3.6 million the latest figure, recorded in Q3 2022.

• In Q3 2022, Asset Writedowns and Impairment rose 176.92% year-over-year to $3.6 million; the TTM figure through Mar 2023 stood at $3.6 million (down 88.54% YoY), while the FY2023 annual figure was $1.7 million, down 63.83% from the prior year.
• Asset Writedowns and Impairment advanced to $3.6 million in Q3 2022 per FTI's latest filing, from $1.1 million in the prior quarter.
• Across five years, Asset Writedowns and Impairment topped out at $3.2 billion in Q1 2020 and bottomed at $300000.0 in Q2 2019.
• Historically, Asset Writedowns and Impairment has averaged $422.2 million across 5 years, with a median of $15.4 million in 2018.
• Annual changes were most pronounced in 2020 — Asset Writedowns and Impairment soared 354122.22% — and 2021, when it slumped 99.41%.
• TechnipFMC's Asset Writedowns and Impairment stood at $1.8 billion in 2018, then soared by 32.29% to $2.4 billion in 2019, then slumped by 98.76% to $29.1 million in 2020, then retreated by 3.09% to $28.2 million in 2021, then plunged by 87.23% to $3.6 million in 2022.
• Business Quant data shows FTI's Asset Writedowns and Impairment at $3.6 million in Q3 2022, $1.1 million in Q1 2022, and $28.2 million in Q4 2021.