ࡱ>  l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~"؈ ~~8"܈ ~~9"܈ ~~ ؈ ~~3#܈ ~~7#܈ ~~4"܈ ~~8#܈ ~~83ffff̙̙3f3fff3f3f33333f334 FMC Technologies IncIncome Statement5= Balance Sheet`g Cash Flowsa}Cash Flows (1)%Note 2 StockBased CompensationIntangible assetsGoodwillNote 4 Inventories&yNote 8 Comprehensive Income Los&Note 8 Comprehensive Income (1)#bNote 10 Warranty Obligations&Note 12 Business Segment Inform&~BThree Months Ended June 30 2003&fqThree Months Ended June 30 (1)& {Three Months Ended June 30 (2) Order Backlog&Six Months Ended June 30 2003 C&LIQUIDITY AND CAPITAL RESOURCES&wITEM 4 SUBMISSION OF MATTERS TO&kITEM 4 SUBMISSION OF MATTER (1)&QITEM 6 EXHIBITS AND REPORTS ON M EXHIBIT INDEX l  R  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Income Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 2} $ }       FMC TECHNOLOGIES INC 10-Q 08/14/2003FMC Technologies, Inc.Delaware 36-4412642$ (State or other jurisdiction  (I.R.S. Employer) !of incorporation or organization)  Identification No.)  2 *200 East Randolph Drive, Chicago, Illinois ~ 0 ((Address of principal executive offices)   (Zip code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*Yhth2r"=PF0*8X> @ l  >);  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies Inc Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } $4} $ }  } $ }  } $ } } $ } } $ >     FMC TECHNOLOGIES INC 10-Q 08/14/2003Income StatementThree Months EndedSix Months Ended    June 30  June 30       ~ N ~ J ~ N ~ J           Revenue  33333@  fffff@  fffffV@  33333/@ Costs and expenses:     #Costs of sales and services~ z@ @   ݇@ 3+Selling, general and administrative expensefffffFR@333333R@ fffffa@   Ia@ ( Research and development expense%@ffffff(@~  V   8@       Total costs and expenses33333@ @ ̌@   @      -%Income before minority interests, net~ 33333<@ 333333I@   fffffC@ )!interest expense and income taxesMinority interests?? ?  ~   Net interest expense@ffffff @ @   @      "Income before income taxesfffff&@@~ f fffffF@    @@ "Provision for income taxes"@@ ffffff*@   "@      .&Income before the cumulative effect offffff6@1@  @@   6@ ( a change in accounting principle3+Cumulative effect of a change in accounting ? ?  ?   9h Dlzn~@i~"zl"Lr !"#$%&'()*+,-./0123456789:;<=/ 'principle, net of income taxes (Note 3)!!!!!!!!!! ! ! ! ! "Net income (loss)""fffff6@""1@"" @@" ~ " V" ########## # # # # 1$)Basic earnings (loss) per share (Note 9):$$$$$$$$$ $ $ $ $ .%&Income before the cumulative effect of%%ffffff?%%HzG?%%\(\?% % ffffff?% (& a change in accounting principle3'+Cumulative effect of a change in accounting'' '?'' '?'' ' ?' ' ' (\' ( principle)))))))))) ) ) ) ) '*Basic earnings (loss) per share**ffffff?**HzG?**\(\?* * (\* ++++++++++ + + + + 1,)Basic weighted average shares outstanding,,,fffffP@,,,33333SP@,,~ ,  , , , 33333SP@, ---------- - - - - /.'Diluted earnings (loss) per share (Note......... . . . .  /9):.0&Income before the cumulative effect of00(\?00HzG?00Q?0 0 (\?0 (1 a change in accounting principle32+Cumulative effect of a change in accounting22 2?22 2?22 2 ?2 2 2 HzG2 3 principle4444444444 4 4 4 4 )5!Diluted earnings (loss) per share55(\?55HzG?55Q?5 5 (\5 6666666666 6 6 6 6 37+Diluted weighted average shares outstanding77733333P@777P@777 fffffP@7 7 7 P@7 8888888888 8 8 8 8 9:$;____________________________1<)Created by Morningstar Document Research.0=(http://documentresearch.morningstar.com/@D%Y-Q<=XWk_S+=PF0*8X> @#== << ;; 555555 55 000000 00 ****** ** %%%%%% %% """""" ""          l  ON`yf  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } y<} $ }  } $ }  } $ O                                 FMC TECHNOLOGIES INC 10-Q 08/14/2003 Balance SheetJune 30, December 31,  ~ N  ~ J          (Unaudited)     Assets:         Current assets:        !Cash and cash equivalentsfffffO@333333@@/'Trade receivables, net of allowances of~ B333333z@'$10.0 in 2003 and $10.5 in 2002Inventories (Note 4)fffff~r@q@%Due from FMC Corporation, net ?ffffff?Other current assets~ ~ ZTotal current assets@d@ Investments=@ffffff=@91Property, plant and equipment, net of accumulateds@!s@1)depreciation of $391.6 in 2003 and $390.2in 2002Goodwill (Note 3)fffffV@fffffT@'Intangible assets, net (Note 3)̌B@fffff&B@ Other assets7@4@Deferred income taxesfffffP@fffffR@ Total assets33333Ŗ@J@D l}q u(]IQ%T9 ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ?          -!%Liabilities and stockholders? equity:!!!!!!!!"Current liabilities:""""""""#Short-term debt##i@###33333M@#)$!Current portion of long-term debt$$ $?$$$$?$)%!Accounts payable, trade and other%%%fffff}@%%%%33333Sz@%!&Other current liabilities&&&g@&&&&Yf@&'Income taxes payable'''8@''''=@'.(&Current portion of accrued pension and(((L5@(((~ (V(%)other postretirement benefits*Deferred income taxes***ffffff.@****3333332@*+++++++++!,Total current liabilities,,,33333@,,,,@,,-$Long-term debt, less current portion---@I@----e@-0.(Accrued pension and other postretirement...̬T@....333333S@.&/benefits, less current portion+0#Reserve for discontinued operations000+@00002@01Other liabilities111LB@1111fffffK@142,Minority interests in consolidated companies222333333@2222ffffff@2.3&Commitments and contingent liabilities33 3?333 3?34 (Note 11)5Stockholders? equity:55555555.6&Preferred stock, $0.01 par value, 12.066 6?666 6?6.7&shares authorized; no shares issued in8 2003 or 200239+Common stock, $0.01 par value, 195.0 shares999ffffff?9999ffffff?9/:'authorized; 66.3 and 65.6 shares issued:;2in 2003 and 2002; 66.1 and 65.5 shares outstanding<in 2003 and 20024=,Common stock held in employee benefit trust,===ffffff=====4>,at cost, 0.2 and 0.1 shares in 2003 and 20020?(Capital in excess of par value of common???fffff6@????@?DlV0z}A|O%_Gq3s@ A B C D E F G H I J K L M N  @stock1A)Unamortized restricted stock compensationAAAffffff"AAAAffffffABRetained deficitBBBfffffKBBBBUB,C$Accumulated other comprehensive lossCCC|bCCCC333333bCD(Note 8)EEEEEEEEE"FTotal stockholders? equityFFFu@FFFFr@FGGGGGGGGG2H*Total liabilities and stockholders? equityHH33333Ŗ@HHHJ@HIIIIIIIIIJK$L____________________________1M)Created by Morningstar Document Research.0N(http://documentresearch.morningstar.com/"N*"v=PF0*8X> @NNMMLLHHHH####    l  ,x|  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance SheetCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 8} $ }  } $ }  } $ ,                                 FMC TECHNOLOGIES INC 10-Q 08/14/2003 Cash FlowsSix Months Ended   June 30     ~ N  ~ J       - %Cash provided (required) by operating        ,$activities of continuing operations:.&Income before the cumulative effect of @@6@( a change in accounting principle.&Adjustments to reconcile income before7/the cumulative effect of a change in accounting/'principle to cash provided by operating,$activities of continuing operations: Depreciation333336@3333333@ Amortization~  @#Employee benefit plan costsffffff@ffffff@Deferred income taxes~ @ Other@~ 4,Changes in operating assets and liabilities:Trade receivables, net33333sFffffffI Inventories3333338fffff&F-%Other current assets and other assets333333@33333>6.Accounts payable (including advance payments),Q@P`@7/other current liabilities and other liabilitiesD lt4 E@ q` ! " # $ % & ' ( ) * +  Income taxes payable       $ 0!(Accrued pension and other postretirement!!!ffffff!!!!333333!" benefits, net#########-$%Cash provided by operating activities$$9R@$$$fffff&J@$ %of continuing operations&&&&&&&&&'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/_tO:."=PF0*8X> @Z ++**))$$$$    l  =  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash Flows Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } :} $ }  } $ }  } $ =                                 FMC TECHNOLOGIES INC 10-Q 08/14/2003 Cash FlowsSix Months Ended   June 30     ~ N  ~ J       - %Cash provided by operating activities  9R@   fffff&J@  of continuing operations0(Cash required by discontinued operationsffffff-%Cash provided (required) by investing activities:Capital expenditures33333;fffff?0(Retirement of sale-leaseback obligations33333A5(Note 5)1)Proceeds from disposal of property, plant?@ and equipment*"(Increase) decrease in investments?-%Cash required by investing activities O J-%Cash provided (required) by financing activities:'Net increase in short-term debt,b@8@DL lt4 E0$|P<|s ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < $ Repayments of long-term debt   9_    E 0!(Issuances of common stock, net of common!!~ !!!!~ !!0"(stock acquired for employee benefit plan#########-$%Cash provided (required) by financing$$$8@$$$$2$% activities&&&&&&&&&/''Effect of exchange rate changes on cash'''?''' '?'(and cash equivalents)))))))))8*0Increase (decrease) in cash and cash equivalents***fffff>@****4*/+'Cash and cash equivalents, beginning of+++333333@@+++~ +r+,period---------0.(Cash and cash equivalents, end of period..fffffO@...@./////////-0%Supplemental disclosures of cash flow000000001 information:22*Cash paid for interest (net of capitalized22333333@222@23 interest)24*Cash paid for income taxes (net of refunds44333333*@444'@45 received)36+Supplemental schedule of non-cash activity:6666666607(Common stock issued for restricted stock77@77~ 778awards9$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/> 0l4{[G.:hS8&=PF0*8X> @<<;;::777744442222....      l  0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1)Intangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 1} $ } U} $ } U}  $ } U} $ } U} $ 0     FMC TECHNOLOGIES INC 10-Q 08/14/2003( Note 2: Stock-Based CompensationThree Months Ended  Six Months Ended   June 30,   June 30,, $(In millions, except per share data) ~ N  ~ J  ~ N  ~ J             & Net income (loss), as reported  fffff6@   1@    @@  ~ V . &Add: Stock-based employee compensation   ?   ~     ?    ffffff? /'expense included in reported net income*"(loss), net of related tax effects1)Deduct: Stock-based employee compensationffffff333333     ffffff1)expense determined under fair value based1)method for all awards, net of related taxeffects     #Pro forma net income (loss)5@ffffff0@ ~  v  fffffe     Per share data:     .&Income before the cumulative effect of     )!a change in accounting principle:Basic?as reportedffffff?HzG?  \(\?  ffffff?     Basic?pro forma{Gz??  )\(?  ףp= ?     Diluted?as reported(\?HzG?  Q?  (\?     Dlvj^8jd1y;IW !"#$%&'()*+,-./ Diluted?pro forma  {Gz?   ?   )\(?   333333? !!!!!!!!!! ! ! ! ! !!!""Earnings (loss) per share:""""""""" " " " " """#Basic?as reported##ffffff?###HzG?## # \(\?# # #(\#$$$$$$$$$$ $ $ $ $ $$$%Basic?pro forma%%{Gz?%%%?%% % )\(?% % %HzG%&&&&&&&&&& & & & & &&&'Diluted?as reported''(\?'''HzG?'' ' Q?' ' '(\'(((((((((( ( ( ( ( ((()Diluted?pro forma)){Gz?)))?)) ) )\(?) ) )zG)********** * * * * ***+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$ ,;o5iE9-=PF0*8X> @3//..--)))))) ))'''''' ''%%%%%% %%###### ##                 l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased Compensation GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } U} $ }  } $ }  } $ } } $ }                           FMC TECHNOLOGIES INC 10-Q 08/14/2003Intangible assets (In millions) June 30, 2003December 31, 2002        Gross   Accumulated  Gross   Accumulated   carrying   amortization  carrying   amortization   amount    amount          Customer listsffffff1@333333@1@  @PatentsL:@333333.@ 3333338@   333333+@ Trademarks1@@ fffff0@   333333@    Total intangible assetsN@8@M@  fffff5@    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 ym>2@+=PF0*8X> @                l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assetsNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } } $ }  } $ }       FMC TECHNOLOGIES INC 10-Q 08/14/2003Goodwill (In millions) June 30, 2003December 31, 2002     ! 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Energy Processing Systems   3333331@   L1@        Subtotal Energy Systems   fffffQ@   fffffFP@FoodTech333333-@ffffff,@Airport Systems@333333@Total goodwillfffffV@fffffT@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/40vr.WYMA=PF0*8X> @J    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets Goodwill!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } a/} $ }  } $ }  } $                            FMC TECHNOLOGIES INC 10-Q 08/14/2003Note 4: Inventories (In millions)June 30, December 31,  ~ N  ~ J        Raw materials   T@  ~ 6  Work in process   fffff]@    fffff^@  Finished goods   fffffk@    333333h@ .&Gross inventories before LIFO reserves4z@33333kx@!and valuation adjustments/'LIFO reserves and valuation adjustments^ffffff]Net inventoriesfffff~r@q@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8wkbrC=PF0*8X> @Z      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } $4} $ }  } $ } U}  $ } } $ }  } $      FMC TECHNOLOGIES INC 10-Q 08/14/2003+#Note 8: Comprehensive Income (Loss) (In millions) Three Months    Six Months    Ended June 30     Ended June 30  ~ N  ~ J   ~ N  ~ J               Net income (loss)  fffff6@   1@     @@  ~ V / 'Foreign currency translation adjustment   ffffff6@    "@     +@    333331@ 3+Cumulative effect of a change in functional) ?    )  ?currency.&Net deferral of hedging gains (losses)@#@     #@/'Adjustment to minimum pension liability ?      ?     #Comprehensive income (loss)A@~    =@ a     $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8F sg[jQ:)Ck_S+=PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income LosNote 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 1} $ } U} $ } U} $                           FMC TECHNOLOGIES INC 10-Q 08/14/2003+#Note 8: Comprehensive Income (Loss) (In millions)June 30, December 31,  ~ N  ~ J      / 'Cumulative foreign currency translation ~ F   fffff\   adjustments, $Cumulative deferral of hedging gains   ?    333333@ 1)Cumulative adjustments to minimum pensionC33333B liability.&Accumulated other comprehensive income|b333333b(loss)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6sg[R{ftb=PF0*8X> @Z      l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 0.} $ } U} $ } U}  $ } U} $ }  } $      FMC TECHNOLOGIES INC 10-Q 08/14/2003%Note 10: Warranty ObligationsThree Months Ended    Six Months Ended   June 30,     June 30,          (In millions) ~ N  ~ J    ~ N  ~ J               & Balance at beginning of period  333333(@   #@     '@   333333'@ #Expenses for new warrantiesffffff@ffffff@     333333!@~ .&Adjustments to pre-existing warrantiesffffff?      Claims paid~     ~  ffffff      Balance at end of period~ 2%@   ~  2%@     $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 ymac: =PF0*8X> @        l  14;A  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } 6} $ }  } $ }  }  $ } } $ }  } $ 1     FMC TECHNOLOGIES INC 10-Q 08/14/2003-%Note 12: Business Segment Information (In millions)Three Months Ended    Six Months Ended   June 30     June 30  ~ N  ~ J    ~ N  ~ J                Revenue                  ! Energy Production Systems  33333#r@   ll@     \@   fffffz@ !Energy Processing SystemsY@33333Y@    ~  ig@!Intercompany eliminations333333ӿ ?     333333ӿ     Subtotal Energy Systemsfffffx@33333t@     fffff@33333@FoodTechd@33333c@     Ip@n@Airport SystemšJ@fffff&N@     X@fffffF\@!Intercompany eliminationsffffff      333333     33333@fffff@    fffffV@33333/@     5-Income before income taxes and the cumulative     2*effect of a change in accounting principle!Energy Production Systems~ Rffffff%@     B@5@!Energy Processing Systems333333 @@     #@%@     Subtotal Energy Systems<@3333332@     F@ @@FoodTech.@fffff0@     5@3333335@Airport Systemsffffff?ffffff @     @333333@Dwl}qeYP 0L;$+ !"#$%&'()*+,-./0                    !Segment operating profit!!!fffffF@!!!!333333C@!! ! ! ! ! 33333sQ@!!!!L@!"Corporate expense"""333333""""333333"" " " " " ("""~ ""#Other expense, net#######ffffff## # # # # ####333333#$$$$$$$$$$ $ $ $ $ $$$$$4%,Operating profit before net interest expense%%%ffffffA@%%%%L<@%% % % % ~ % %%%%ffffffC@%&and income taxes'Net interest expense'''''''ffffff '' ' ' ' ' '''''(((((((((( ( ( ( ( (((((5)-Income before income taxes and the cumulative))fffff&@@))~ )f)) ) ) ) fffffF@))) @@)2**effect of a change in accounting principle++++++++++ + + + + +++++,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&3 @ =PF0*8X> @00//..)))))) ))            l  3H`Gp  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } U5} $ }  } $ }  }  $ } U} $ }  } $ 3     FMC TECHNOLOGIES INC 10-Q 08/14/20036.Three Months Ended June 30, 2003 Compared With(In millions, except %)Three Months Ended     Favorable/   June 30      (Unfavorable)     ~ N  ~ J    ~      %                  Revenue                   !Energy Production Systems33333#r@ll@    ffffffO@;@ %!Energy Processing SystemsY@33333Y@     ??!Intercompany eliminations333333ӿ ?     333333ӿ *     Subtotal Energy Systemsfffffx@33333t@     YO@~ NFoodTechd@33333c@     ffffff)@ @Airport SystemšJ@fffff&N@     '!Intercompany eliminationsffffff     333333 *      Total revenue33333@fffff@    fffffP@)@ %      Segment Operating Profit     !Energy Production Systems~ Rffffff%@    "@U@ %!Energy Processing Systems333333 @@     333333?~ "     Subtotal Energy Systems<@3333332@     #@333333K@FoodTech.@fffff0@     #Airport Systemsffffff?ffffff @     ffffff333333EDlth\P=FpYiN>' )917*  !"#$%&'()*+,-./012                    &!Total segment operating profit!!!fffffF@!!!!333333C@!! ! ! ! ! @!!!!~ !J!"Corporate expense"""333333""""333333"" " " "  " ?"""" "?"#Other expense, net#######ffffff## # # # # ٿ#####%#$$$$$$$$$$ $ $ $ $ $$$$$$4%,Operating profit before net interest expense%%%ffffffA@%%%%L<@%% % % % % @%%%%~ %^%&and income taxes'Net interest expense'''''''ffffff '' ' ' ' ' ?'''''3333338@'(((((((((( ( ( ( ( ((((((")Income before income taxes)))fffff&@@)))~ )f)) ) ) ) ) 333333@)))))333333=@)"*Provision for income taxes***"@****@** * * * * *****>*++++++++++ + + + + ++++++, Net income,,fffff6@,,,1@,, , , , ffffff@,,,,,33333<@ ,%---------- - - - - ------./$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/*hm}_=M^nbV.=PF0*8X> @221100,,,,,,         l  {z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } !} $ }  } $ }  } $ }  } $ }                     FMC TECHNOLOGIES INC 10-Q 08/14/20036.Three Months Ended June 30, 2003 Compared With#(Number of units delivered)Three Months EndedSix Months Ended   June 30 (Actual)  June 30 (Actual)  ~ N ~ J ~ N ~ J          Halvorsen loaders ~ r ~  ~  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tth\P{ =PF0*8X> @:   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } !} $ } } $ } m      FMC TECHNOLOGIES INC 10-Q 08/14/20036.Three Months Ended June 30, 2003 Compared With#(Number of units delivered)Year Ended December 31      2003 (Estimate)   2002 (Actual)      Halvorsen loaders ~ r ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tth\PC=PF0*8X> @" l  ̐  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2)!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } } $ }  } $ }  } $ }                           FMC TECHNOLOGIES INC 10-Q 08/14/2003 Order Backlog (In millions)June 30, December 31,June 30,  ~ N ~ J ~ J       ! Energy Production Systems ~ b   @  $@! Energy Processing Systems   ]@  ~     Z@          Subtotal Energy Systemsy@$@ h@FoodTech9^@Z@ `@Airport Systems,_@~  333333_@ Total order backlog33333@@33333A@ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 }qF,twkC=PF0*8X> @z           l  8jq  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } U5} $ }  } $ }  }  $ } } $ }  } $ 8     FMC TECHNOLOGIES INC 10-Q 08/14/20034,Six Months Ended June 30, 2003 Compared With(In millions, except %)Six Months Ended   Favorable/   June 30    (Unfavorable)     ~ N  ~ J  ~    %              Revenue               !Energy Production Systems\@fffffz@  fffffF`@  >@ %!Energy Processing Systems~ ig@   ffffff%@  @!Intercompany eliminations333333ӿ  ~     *     Subtotal Energy Systemsfffff@33333@   ̼a@  3333337@FoodTechIp@n@   L0@  @Airport SystemsX@fffffF\@   ffffff+  333333(!Intercompany eliminations 333333      *      Total revenuefffffV@33333/@  fffffa@  -@ %      Segment Operating Profit     !Energy Production Systems B@5@  -@  fffffP@ %!Energy Processing Systems#@%@  ~    #     Subtotal Energy SystemsF@ @@   +@   E@FoodTech5@3333335@   333333?  ffffff?Airport Systems@333333@     BD}lvj^RqMS!:N 4fy !"#$%&'()*+,-./01234567                &!Total segment operating profit!!!33333sQ@!!!!L@!! ! ! ffffff(@! ! !3333335@!"Corporate expense"""("""~ """ " " ٿ" " "ffffff "#Other expense, net#######333333## # # 333333# # #!#$$$$$$$$$$ $ $ $ $ $$4%,Operating profit before net interest expense%%~ %%%%%ffffffC@%% % % ffffff&@% % %fffff<@%&and income taxes'Net interest expense''''''''' ' ~ '  ' ' 'fffff=@'(((((((((( ( ( ( ( ((")Income before income taxes)))fffffF@)))) @@)) ) ) ffffff*@) ) )̌D@)"*Provision for income taxes***ffffff*@****"@** * * 333333* * *33333D*++++++++++ + + + + ++.,&Income before the cumulative effect of,,, @@,,,,6@,, , , "@, , ,ffffffD@,(- a change in accounting principle3.+Cumulative effect of a change in accounting.. .?....9h.. . . 9h@. .  .*.&/principle, net of income taxes0000000000 0 0 0 0 001Net income (loss)11 @@11~ 1V11 1 33333ci@1 1  1*12222222222 2 2 2 2 2234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/4@Je{SU)0F=PF0*8X> @776655111111         l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } a/} $ }  } $ } $} $ } } } $ }                        FMC TECHNOLOGIES INC 10-Q 08/14/2003'LIQUIDITY AND CAPITAL RESOURCES (In millions) CommitmentDebt Outstanding Available   Maturity  Description  Amount    Capacity           / 'Five-year revolving credit facility (A) ~  ~   33333#g@ (B)   April, 2006) !364-day revolving credit facility  ~ Z   ?  ~ Z    April, 2004             ~ B~ t@  (C)      $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.wk_:}qe==PF0*8X> @r          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } } $ }  } $ }       FMC TECHNOLOGIES INC 10-Q 08/14/2003C;ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSMike R. Bowlin For:58,190,847 votes   Against:  ? votes    Withheld:  1,001,428 votes    Edward J. Mooney  For:  58,133,397 votes   Against:  ? votes Withheld:1,058,878 votesJames M. Ringler For:58,189,176 votesAgainst:? votes Withheld:1,003,099 votes$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4g[OCF"w#T=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 6 EXHIBITS AND REPORTS ON  EXHIBIT INDEXU } $ }  } $ }       FMC TECHNOLOGIES INC 10-Q 08/14/2003C;ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS For:57,520,621 votes   Against:  1,532,030 votes    Withheld:   139,624 votes  $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,g[OCNB6=PF0*8X> @  l  )  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1) EXHIBIT INDEXU } m} $ } 8 )     FMC TECHNOLOGIES INC 10-Q 08/14/20030(ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K Number in Description  Exhibit Table    @ 3 +Third Amendment to the $150,000,000 364-Day  " Revolving Credit Facility.ffffff@5-Third Amendment to the $250,000,000 Five-YearCredit Agreement.~ >.&Letter re: unaudited interim financial information.?@0(Certification of Chief Executive Officer#Pursuant to Rule 13a-14(a).333333?@0(Certification of Chief Financial Officer#Pursuant to Rule 13a-14(a). @@0(Certification of Chief Executive Officer7/Pursuant to 18 U.S.C. 1350, as adopted pursuant0(to Section 906 of the Sarbanes-Oxley Actof 2002.D lznbVN6FmUZ !"#$%&'( @@ 0 (Certification of Chief Financial Officer!!7!/Pursuant to 18 U.S.C. 1350, as adopted pursuant""0"(to Section 906 of the Sarbanes-Oxley Act###of 2002.$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/z[=PF0*8X> @((''&& l  (Q  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??FMC Technologies IncIncome Statement Balance Sheet Cash FlowsCash Flows (1) Note 2 StockBased CompensationIntangible assets GoodwillNote 4 Inventories!Note 8 Comprehensive Income Los!Note 8 Comprehensive Income (1)Note 10 Warranty Obligations!Note 12 Business Segment Inform!Three Months Ended June 30 2003!Three Months Ended June 30 (1)!Three Months Ended June 30 (2) Order Backlog!Six Months Ended June 30 2003 C!LIQUIDITY AND CAPITAL RESOURCES!ITEM 4 SUBMISSION OF MATTERS TO!ITEM 4 SUBMISSION OF MATTER (1)!ITEM 6 EXHIBITS AND REPORTS ON U } m} $ } 8 (     FMC TECHNOLOGIES INC 10-Q 08/14/2003 EXHIBIT INDEX Number in Description  Exhibit Table   @ 3 +Third Amendment to the $150,000,000 364-Day  " Revolving Credit Facility.  ffffff@5-Third Amendment to the $250,000,000 Five-YearCredit Agreement.~ >.&Letter re: unaudited interim financial information.?@0(Certification of Chief Executive Officer#Pursuant to Rule 13a-14(a).333333?@0(Certification of Chief Financial Officer#Pursuant to Rule 13a-14(a). @@0(Certification of Chief Executive Officer7/Pursuant to 18 U.S.C. 1350, as adopted pursuant0(to Section 906 of the Sarbanes-Oxley Actof 2002.@@0(Certification of Chief Financial OfficerD4l}q9 u]m=%|*. !"#$%&'  7 /Pursuant to 18 U.S.C. 1350, as adopted pursuant!!0!(to Section 906 of the Sarbanes-Oxley Act"""of 2002.#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/a5)=PF0*8X> @''&&%% Root Entry FBook    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~