Exhibit 99e
FMC Corporation (FMC Technologies)
Business Segment Data
Pro Forma Basis
(In millions, except per share data)
2000 2001
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Q1 Q2 Q3 Q4 Full Year Q1 Q2 Full Year
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Revenue:
Energy Production Systems $ 178.2 $ 169.3 $ 150.8 $ 169.6 $ 667.9 $ 157.9 $ 172.5 $ 330.4
Energy Processing Systems 78.3 86.3 93.7 112.4 370.7 89.1 97.4 186.5
Intercompany eliminations (0.1) (0.2) (0.6) (0.4) (1.3) (0.2) (0.1) (0.3)
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Subtotal Energy Systems 256.4 255.4 243.9 281.6 1,037.3 246.8 269.8 516.6
FoodTech 124.8 172.7 144.6 131.2 573.3 108.5 132.6 241.1
Airport Systems 60.7 67.9 65.0 73.6 267.2 74.7 80.0 154.6
Intercompany eliminations 0.0 (0.6) (0.9) (1.1) (2.6) (0.6) (4.3) (4.8)
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Total Revenue $ 441.9 $ 495.4 $ 452.6 $ 485.3 $ 1,875.2 $ 429.4 $ 478.1 907.5
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Income from continuing operations:
Energy Production Systems $ 9.7 $ 13.4 $ 11.8 $ 10.6 $ 45.5 $ 5.6 $ 8.0 $ 13.5
Energy Processing Systems 1.3 7.0 5.9 12.7 26.9 3.4 5.3 8.8
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Subtotal Energy Systems 11.0 20.4 17.7 23.3 72.4 9.0 13.3 22.3
FoodTech 10.5 17.6 10.0 15.7 53.8 3.5 11.3 14.8
Airport Systems 1.6 5.3 4.6 3.7 15.2 5.9 5.1 11.0
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Total segment operating profit 23.1 43.3 32.3 42.7 141.4 18.4 29.7 48.1
Corporate expenses (1) (8.4) (8.4) (8.4) (8.5) (33.7) (8.1) (8.3) (16.4)
Other expense, net (2) (1.8) 0.2 1.2 (1.1) (1.5) (0.7) 0.0 (0.7)
Net interest income (expense) (3) (4.6) (4.6) (4.6) (4.6) (18.3) (4.6) (4.6) (9.2)
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Total income from continuing operations
before income taxes 8.3 30.5 20.5 28.5 87.9 5.0 16.8 21.8
Income tax expense (4) (2.2) (8.2) (5.5) (7.7) (23.7) (1.4) (4.5) (5.9)
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Income from continuing operations
after income taxes $ 6.1 $ 22.3 $ 15.0 $ 20.8 $ 64.2 $ 3.7 $ 12.3 $ 15.9
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EPS (5) $ 0.09 $ 0.34 $ 0.23 $ 0.31 $ 0.97 $ 0.06 $ 0.19 $ 0.24
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(1) Corporate expenses primarily include staff expenses.
(2) Other expense, net consists of all other corporate items, including LIFO
inventory adjustments and pension income or expense.
(3) Pro forma interest expense - $305 million at 6% interest rate.
(4) Income tax rate constant at 27%.
(5) Diluted shares outstanding constant at 66.2 million.
Note: These statements present the company's pro forma estimate of what FMC
Technologies would have looked like under the current capital structure, taking
into account the June IPO proceeds, the current share count, and allocation of
debt between FMC Technologies and FMC Corporation. The company believes that
this pro forma information should provide a basis for comparisons going forward.
The pro forma statements are for the purpose of analysis only and are not meant
to be prepared or presented in accordance with GAAP. Analysis excludes the
impact of special charges and the cumulative effect of a change in accounting
principle.