FMC TECHNOLOGIES INC - FORM 8-K/A - EX-99.1 - FMC TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - July 22, 2016

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Exhibit 99.1
FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited and in millions)
 
Six Months Ended
June 30
2016
 
2015
Cash provided (required) by operating activities:
 
 
 
Net income
$
21.9

 
$
256.1

Depreciation and amortization
123.8

 
111.2

Trade receivables, net and costs in excess of billings
128.7

 
143.1

Inventories, net
89.0

 
29.6

Accounts payable, trade
(114.8
)
 
(99.6
)
Advance payments and billings in excess of costs
(87.8
)
 
(154.1
)
Asset impairment charges
39.4

 
4.3

Other
(95.2
)
 
(54.9
)
Net cash provided by operating activities
105.0

 
235.7

 
 
 
 
Cash provided (required) by investing activities:
 
 
 
Capital expenditures
(67.0
)
 
(161.2
)
Investments in joint ventures
(24.4
)
 
—

Proceeds from sale of Wireline
19.0

 
—

Other investing
2.6

 
8.6

Net cash required by investing activities
(69.8
)
 
(152.6
)
 
 
 
 
Cash provided (required) by financing activities:
 
 
 
       Net increase (decrease) in debt
167.3

 
(17.5
)
       Purchase of stock held in treasury
(54.8
)
 
(91.6
)
       Other financing
(10.7
)
 
(20.2
)
Net cash provided (required) by financing activities
101.8

 
(129.3
)
 
 
 
 
Effect of changes in foreign exchange rates on cash and cash equivalents
21.8

 
(5.4
)
Increase (decrease) in cash and cash equivalents
158.8

 
(51.6
)
Cash and cash equivalents, beginning of period
916.2

 
638.8

Cash and cash equivalents, end of period
$
1,075.0

 
$
587.2



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