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

TechnipFMC (FTI) reported Asset Writedowns and Impairment of $3.6 million for Q3 2022, up 176.92% year-over-year from $1.3 million in Q3 2021, and up 227.27% quarter-over-quarter 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.

  • Asset Writedowns and Impairment for Q3 2022 came in at $3.6 million, up 176.92% year-over-year; the trailing twelve-month figure through Mar 2023 was $3.6 million (down 88.54% YoY), and the FY2023 annual result was $1.7 million, down 63.83% from the prior year.
  • Asset Writedowns and Impairment improved to $3.6 million in Q3 2022 per FTI's latest filing, from $1.1 million in the prior quarter.
  • Over five years, Asset Writedowns and Impairment peaked at $3.2 billion in Q1 2020 and troughed at $300000.0 in Q2 2019.
  • A 5-year average of $422.2 million and a median of $15.4 million in 2018 frame the typical range for Asset Writedowns and Impairment.
  • The sharpest annual moves came in 2020 and 2021: Asset Writedowns and Impairment soared 354122.22% in 2020, then slumped 99.41% in 2021.
  • A 5-year view of Asset Writedowns and Impairment shows it stood at $1.8 billion in 2018, then surged by 32.29% to $2.4 billion in 2019, then sank by 98.76% to $29.1 million in 2020, then fell by 3.09% to $28.2 million in 2021, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn
5 Enerflex 8.62 Bn 8.57 Bn -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 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