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

TechnipFMC's (FTI) quarterly Asset Writedowns and Impairment came in at $3.6 million in Q3 2022, up 176.92% year-on-year from $1.3 million in Q3 2021, and up 227.27% on a QoQ basis from $1.1 million in Q1 2022.

TechnipFMC (FTI) Asset Writedowns and Impairment (2017 - 2022) Analysis & Trends

TechnipFMC (FTI) has 6 years of Asset Writedowns and Impairment data on file, last reported at $3.6 million in Q3 2022.

  • On a quarterly basis, Asset Writedowns and Impairment rose 176.92% year-over-year to $3.6 million in Q3 2022; TTM through Mar 2023 was $3.6 million, a 88.54% decrease from a year earlier, with the FY2023 full-year figure at $1.7 million, down 63.83% from the prior year.
  • Asset Writedowns and Impairment for Q3 2022 stood at $3.6 million, up from $1.1 million in the prior quarter.
  • Over the last five years, Asset Writedowns and Impairment for FTI reached as high as $3.2 billion in Q1 2020 and fell as low as $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.
  • Across the five-year window, Asset Writedowns and Impairment jumped 354122.22% in 2020 and plunged 99.41% in 2021, its largest moves.
  • Year by year, Asset Writedowns and Impairment stood at $1.8 billion in 2018, then surged by 32.29% to $2.4 billion in 2019, then slumped by 98.76% to $29.1 million in 2020, then slipped by 3.09% to $28.2 million in 2021, then plunged by 87.23% to $3.6 million in 2022.
  • Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $3.6 million in Q3 2022, $1.1 million in Q1 2022, and $28.2 million in Q4 2021.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn
10 Tidewater 3.87 Bn 3.32 Bn 160.04 Mn

Historic Data

Download Data
DateValue
Sep 30, 2022 3.60 Mn
Sep 30, 2022 3.60 Mn
Mar 31, 2022 1.10 Mn
Mar 31, 2022 1.10 Mn
Dec 31, 2021 28.20 Mn
Dec 31, 2021 28.20 Mn
Sep 30, 2021 1.30 Mn
Sep 30, 2021 1.30 Mn
Jun 30, 2021 800,000.00
Jun 30, 2021 800,000.00
Mar 31, 2021 18.80 Mn
Mar 31, 2021 18.80 Mn
Dec 31, 2020 29.10 Mn
Dec 31, 2020 29.10 Mn
Sep 30, 2020 23.00 Mn
Sep 30, 2020 23.00 Mn
Jun 30, 2020 33.70 Mn
Jun 30, 2020 33.70 Mn
Mar 31, 2020 3.19 Bn
Mar 31, 2020 3.19 Bn