FMC Corporation Announces Fourth Quarter and Full-Year 2012 Results

     FMC Corporation Announces Fourth Quarter and Full-Year 2012 Results

-- Fourth quarter 2012 revenue up 10 percent to $1.0 billion, with adjusted
operating profit up 19 percent, driven by record performance in Agricultural
Products

-- Fourth quarter 2012 adjusted earnings of $0.81 per diluted share, up 2
percent with year-on-year growth reflecting a change in the effective tax rate
versus the prior-year quarter

-- Full-year 2012 revenue up 11 percent to $3.7 billion, adjusted operating
profit up 16 percent to $719 million

-- Full-year 2012 adjusted earnings of $3.48 per diluted share, up 16 percent
versus 2011

-- First quarter 2013 outlook for adjusted earnings of $1.02 to $1.12 per
diluted share, a 10 percent increase at midpoint of range

-- Full-year 2013 outlook for adjusted earnings of $3.81 to $4.01 per diluted
share, a 12 percent increase at midpoint of range

PR Newswire

PHILADELPHIA, Feb. 6, 2013

PHILADELPHIA, Feb. 6, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today
reported fourth quarter revenue of $1.0 billion, a 10 percent increase over
the same period in 2011. The company reported net income of $102.2 million or
$0.74 per diluted share, in the fourth quarter of 2012, versus net income of
$77.9 million, or $0.55 per diluted share, in the fourth quarter of 2011.
This quarter's results include charges of $9.4 million after tax, or $0.07 per
diluted share, compared to charges of $33.7 million after tax, or $0.24 per
diluted share, in the prior-year quarter. Excluding these items in both
periods, adjusted earnings were $0.81 per diluted share in the current
quarter, an increase of 2 percent versus the prior-year quarter.

(Logo: http://photos.prnewswire.com/prnh/20111101/NE97440LOGO)

Full-year 2012 revenue of $3.7 billion increased 11 percent over 2011.
Revenue was higher in all segments with particular strength in the
Agricultural Products segment. The company reported net income of $416.2
million, or $3.00 per diluted share in 2012, versus net income of $365.9
million, or $2.55 per diluted share in 2011. 2012 results include charges of
$67.1 million after tax, or $0.48 per diluted share, compared to charges of
$63.0 million after tax, or $0.44 per diluted share in 2011. Excluding these
items in both periods, adjusted earnings were $3.48 per diluted share in 2012,
an increase of 16 percent versus 2011.

Pierre Brondeau, FMC president, CEO and chairman, said, "We ended 2012 with a
solid fourth quarter, led by the strong performance of the Agricultural
Products segment, which more than offset lower results in Specialty and
Industrial Chemicals segments. Our adjusted operating earnings increased by
19 percent in the quarter on a revenue increase of 10 percent. Adjusted
earnings per diluted share rose 2 percent with the growth in operating profit
largely offset by a higher effective tax rate, especially when compared to the
prior-year quarter's exceptionally low tax rate. For the full year, we
delivered a 16 percent increase in adjusted operating profit and adjusted
earnings per diluted share, despite a slightly higher tax rate. We continue
to deliver strong performance and are making excellent progress towards our
Vision 2015 goals."

Segment Results

Agricultural Products' fourth-quarter segment revenues of $492.4 million
increased 20 percent versus the prior-year quarter driven principally by
continued strength in Latin America. Fourth-quarter segment earnings of
$109.9 million increased 51 percent versus the year-ago quarter driven by
volume gains in Latin America, contributions from acquired fungicides in Asia,
and early season demand in North America. Full-year segment revenues of $1.76
billion were up 20 percent compared to 2011. For the full year, segment
earnings were $450.7 million, an increase of 29 percent, resulting from volume
gains in all regions.

Specialty Chemicals' fourth-quarter segment revenues were $236.2 million, up 6
percent versus the year-ago quarter on higher volumes and pricing across the
segment. Fourth-quarter segment earnings decreased 5 percent to $48.5 million
primarily due to higher operating costs in Lithium, which despite posting its
best quarterly performance of the year was still below prior-year
profitability. Full-year segment revenues of $913.8 million increased 4
percent over 2011. For the full year, segment earnings of $189.5 million
decreased 5 percent as higher selling prices across the segment were offset by
higher operating costs in the Lithium business; higher raw material costs
across the segment; and the unfavorable exchange rate impact of the weaker
Euro and targeted investments in growth initiatives in BioPolymer.

Industrial Chemicals' fourth-quarter segment revenues of $272.2 million
decreased 2 percent from the year-ago quarter. Fourth-quarter segment
earnings of $38.0 million were down 10 percent, as a result of lower export
pricing in soda ash, which was partially offset by higher domestic soda ash
pricing and higher volumes across the segment. Full-year segment revenues of
$1.076 billion increased 4 percent over 2011. For the full year, segment
earnings of $165.4 million increased 7 percent, as higher selling prices and
higher volumes were partially offset by operating cost increases and the poor
performance of the zeolites product line, which the company exited in the
third quarter of 2012.

Corporate and Other

In the fourth quarter, corporate expense was $19.4 million versus $17.3
million in the prior-year quarter. Interest expense, net, was $11.5 million
as compared to $9.9 million in the year-ago quarter. Full-year corporate
expense was $63.6 million versus $62.5 million in 2011. For the full year
2012 versus 2011, interest expense increased $5.9 million to $45.3 million.
On December 31, 2012, gross consolidated debt was $965.1 million, and debt,
net of cash, was $888.0 million. For the quarter, depreciation and
amortization was $37.4 million and capital additions were $97.4 million. For
the year, depreciation and amortization was $137.8 million and capital
additions were $225.4 million.

Outlook

Regarding the outlook for 2013, Brondeau said, "For the full year 2013, FMC
will build on 2012's record results. We expect to deliver full-year adjusted
earnings of $3.81 to $4.01 per diluted share, a 12 percent increase at the
midpoint of this range. Our Agricultural Products segment expects to achieve
its 10th consecutive year of record earnings, with pronounced strength in the
early and later parts of the year. In Specialty Chemicals, our BioPolymer
business will benefit from recently completed capacity increases, while we
will continue to focus on improving operating performance in Lithium. In
Industrial Chemicals, we expect export soda ash pricing to begin recovering in
the second half of 2013, which will result in positive contributions to
earnings growth for this segment. We also expect to begin seeing the benefits
of our Manufacturing Excellence initiatives during 2013, especially within
Industrial Chemicals. For 2013, we are taking a careful, prudent approach in
viewing the company's potential performance, recognizing that several
variables could impact our results — the timing of recovery in soda ash export
pricing, the speed at which we continue to improve the performance of our
Lithium business, and just how strong Latin America agricultural markets will
be in the latter portions of the year."

Brondeau concluded, "For the first quarter of 2013, we anticipate adjusted
earnings of $1.02 to $1.12 per diluted share, a 10 percent increase over last
year at the midpoint of this range. Agricultural Products' segment earnings
are expected to be up approximately 20 percent, reflecting anticipated strong
early demand in North America and a strong finish to the Latin American
season. Specialty Chemicals' segment earnings are expected to be up in the
high-single-digits percent with flat performance in Lithium and continued
solid performance in BioPolymer. And in Industrial Chemicals, we expect
earnings to decrease in excess of 20 percent due to lower soda ash export
pricing."

FMC will conduct its fourth quarter conference call and webcast at 11:00 a.m.
ET on Thursday, February 7, 2013. This event will be available live and as a
replay on the web at http://www.fmc.com. Prior to the conference call, the
company will also provide supplemental information on the web including its
2013 Outlook Statement, a schedule showing historical segment profit under the
new presentation of segment profit that the company will shift to in 2013,
definitions of non-GAAP terms and reconciliations of non-GAAP figures to the
nearest available GAAP term.

***** ***** ***** ***** ***** ***** ***** ***** ***** *****

Share and per share financial data discussed in this press release and the
accompanying financial tables reflect the two-for-one split of FMC's common
stock completed May 24, 2012.

FMC Corporation is a diversified chemical company serving agricultural,
industrial, environmental, and consumer markets globally for more than a
century with innovative solutions, applications and quality products. In 2012,
FMC had annual sales of approximately $3.7 billion. The company employs
approximately 5,700 people throughout the world, and operates its businesses
in three segments: Agricultural Products, Specialty Chemicals and Industrial
Chemicals. For more information, visit www.FMC.com.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in
this news release that are forward-looking statements are subject to various
risks and uncertainties concerning specific factors described in FMC
Corporation's 2011 Form 10-K and other SEC filings. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. FMC Corporation does not intend to
update this information and disclaims any legal obligation to the contrary.
Historical information is not necessarily indicative of future performance.

FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in millions, except per share amounts)
                                      Three Months Ended  Twelve Months Ended
                                      December 31         December 31
                                      2012       2011     2012       2011
Revenue                               $ 1,000.0  $ 908.6  $ 3,748.3  $ 3,377.9
Costs of sales and services           659.4      615.5    2,407.1    2,210.5
Gross margin                          340.6      293.1    1,341.2    1,167.4
Selling, general and administrative   142.1      117.1    527.1      442.5
expenses
Research and development expenses     31.4       29.7     117.8      105.2
Restructuring and other charges       19.2       5.2      38.1       32.4
(income)
Total costs and expenses              852.1      767.5    3,090.1    2,790.6
Income from operations                147.9      141.1    658.2      587.3
Equity in (earnings) loss of          (0.4)      0.5      0.3        (2.6)
affiliates
Interest expense, net                 11.5       9.9      45.3       39.4
Income from continuing operations     136.8      130.7    612.6      550.5
before income taxes
Provision for income taxes            22.2       40.4     146.7      136.5
Income from continuing operations     114.6      90.3     465.9      414.0
Discontinued operations, net of       (8.4)      (8.6)    (30.2)     (31.8)
income taxes
Net income                            $ 106.2    $ 81.7   $ 435.7    $ 382.2
Less: Net income attributable to      4.0        3.8      19.5       16.3
noncontrolling interests
Net income attributable to FMC        $ 102.2    $ 77.9   $ 416.2    $ 365.9
stockholders
Amounts attributable to FMC
stockholders:
Income from continuing operations,    $ 110.6    $ 86.5   $ 446.4    $ 397.7
net of tax
Discontinued operations, net of tax   (8.4)      (8.6)    (30.2)     (31.8)
Net income                            $ 102.2    $ 77.9   $ 416.2    $ 365.9
Basic earnings (loss) per common
share attributable to FMC
stockholders:
Continuing operations                 $ 0.80     $ 0.61   $ 3.23     $ 2.79
Discontinued operations               (0.06)     (0.06)   (0.22)     (0.22)
Basic earnings per common share       $ 0.74     $ 0.55   $ 3.01     $ 2.57
Average number of shares used in      137.6      140.4    137.7      142.1
basic earnings per share computations
Diluted earnings (loss) per common
share attributable to FMC
stockholders:
Continuing operations                 $ 0.80     $ 0.61   $ 3.22     $ 2.77
Discontinued operations               (0.06)     (0.06)   (0.22)     (0.22)
Diluted earnings per common share     $ 0.74     $ 0.55   $ 3.00     $ 2.55
Average number of shares used in
diluted earnings per share            138.6      141.5    138.8      143.3
computations
Other Data:
Capital additions                     $ 97.4     $ 70.4   $ 225.4    $ 189.5
Depreciation and amortization expense $ 37.4     $ 32.3   $ 137.8    $ 126.6





FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
SCHEDULE OF ADJUSTED EARNINGS FROM CONTINUING OPERATIONS (NON-GAAP)*
(Unaudited, in millions, except per share amounts)
                                      Three Months Ended  Twelve Months Ended
                                      December 31         December 31
                                      2012       2011     2012       2011
Revenue                               $ 1,000.0  $ 908.6  $ 3,748.3  $ 3,377.9
Costs of sales and services           659.4      614.7    2,399.9    2,209.7
Gross margin                          340.6      293.9    1,348.4    1,168.2
Selling, general and administrative   133.5      115.0    492.2      428.0
expenses
Research and development expenses     31.4       29.7     117.8      105.2
Equity in (earnings) loss of          (0.4)      0.5      0.3        (2.6)
affiliates
Net income attributable to            4.0        3.8      19.5       16.3
noncontrolling interests
Total costs and expenses              827.9      763.7    3,029.7    2,756.6
Adjusted earnings from continuing
operations, before interest and       $ 172.1    $ 144.9  $ 718.6    $ 621.3
income taxes (Non-GAAP) (1)
Interest expense, net                 11.5       9.9      45.3       39.4
Adjusted earnings from continuing     $ 160.6    $ 135.0  $ 673.3    $ 581.9
operations, before income taxes
Provision for income taxes            49.0       23.4     190.0      153.0
Adjusted after-tax earnings from
continuing operations, attributable   $ 111.6    $ 111.6  $ 483.3    $ 428.9
to FMC stockholders (Non-GAAP) (2)
Diluted adjusted after-tax earnings
from continuing operations per share, $ 0.81     $ 0.79   $ 3.48     $ 2.99
attributable to FMC stockholders
Average number of shares used in
diluted adjusted after-tax earnings   138.6      141.5    138.8      143.3
from continuing operations per share
computations

___________________

(1) Referred to as adjusted operating profit in the Press Release narrative.

(2) The Company believes that the Non-GAAP financial measure "Adjusted
After-Tax Earnings from Continuing Operations, Attributable to FMC
Stockholders", and its presentation on a per share basis, provides useful
information about the Company's operating results to investors and securities
analysts. Adjusted earnings excludes the effects of restructuring and other
charges and income, non-operating retirement-related costs,
acquisition-related charges and tax related adjustments. The Company also
believes that excluding the effects of these items from operating results
allows management and investors to compare more easily the financial
performance of its underlying businesses from period to period. Additionally,
the above schedule is presented in a format which reflects the manner in which
we manage our business and is not in accordance with GAAP.

Please see the reconciliation of Non-GAAP financial measures to GAAP financial
results.

FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES



RECONCILIATION OF NET INCOME ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP)
TO ADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS,
ATTRIBUTABLE TO FMC STOCKHOLDERS (NON-GAAP)
(Unaudited, in millions, except per share amounts)
                                       Three Months Ended  Twelve Months Ended
                                       December 31         December 31
                                       2012       2011     2012        2011
Net income attributable to FMC         $  102.2   $ 77.9   $  416.2    $ 365.9
stockholders (GAAP)
Discontinued operations, net of income 8.4        8.6      30.2        31.8
taxes (a)
Restructuring and other charges        19.2       5.2      38.1        32.4
(income) (b)
Non-operating pension and              8.6        2.1      34.9        14.5
postretirement charges (c)
Acquisition-related charges (d)        —          0.8      7.2         0.8
Tax effect of restructuring and other
charges (income), non-operating        (9.4)      (2.4)    (26.5)      (15.6)
pension and postretirement charges and
acquisition-related charges
Tax adjustments (e)                    (17.4)     19.4     (16.8)      (0.9)
Adjusted after-tax earnings from
continuing operations attributable to  $  111.6   $ 111.6  $  483.3    $ 428.9
FMC stockholders (Non-GAAP)
Diluted earnings per common share      $  0.74    $ 0.55   $  3.00     $ 2.55
(GAAP)
Discontinued operations per diluted    0.06       0.06     0.22        0.22
share
Restructuring and other charges        0.15       0.04     0.27        0.23
(income) per diluted share, before tax
Non-operating pension and
postretirement charges per diluted     0.06       0.01     0.25        0.10
share, before tax
Acquisition-related charges per        —          0.01     0.05        0.01
diluted share, before tax
Tax effect of restructuring and other
charges (income), non-operating
pension and postretirement charges and (0.07)     (0.02)   (0.19)      (0.11)
acquisition-related charges, per
diluted share
Tax adjustments per diluted share      (0.13)     0.14     (0.12)      (0.01)
Diluted adjusted after-tax earnings
from continuing operations per share,  $  0.81    $ 0.79   $  3.48     $ 2.99
attributable to FMC stockholders
(Non-GAAP)
Average number of shares used in
diluted adjusted after-tax earnings    138.6      141.5    138.8       143.3
from continuing operations per share
computations

____________________

(a) Discontinued operations for the three and twelve months ended December
31, 2012 and 2011, respectively, primarily includes provisions for
environmental liabilities and legal reserves and expenses related to
previously discontinued operations.

(b) 2012:

Restructuring and other charges (income) for the three months ended December
31, 2012, primarily include a charge of $13.3 million associated with our
Lithium business within our Specialty Chemicals segment. The Lithium
restructuring charge is a result of the abandonment of various fixed assets,
primarily equipment, associated with a Potash project that we have decided not
to complete since the project is no longer economically viable. Additionally,
charges for the three months ended December 31, 2012 include charges
associated with continuing environmental sites as a Corporate charge of $2.3
million. Remaining restructuring and other charges (income) for the three
months ended December 31, 2012 include net miscellaneous charges of $3.6
million.

Restructuring and other charges (income) for the twelve months ended December
31, 2012, primarily include charges of $13.3 million associated with the asset
abandonments within our Specialty Chemicals segment, $6.4 million associated
with the Zeolites shutdown within our Industrial Chemicals segment, charges of
$4.4 million related to a collaboration and license agreement entered into by
our Agricultural Products segment for the purpose of obtaining certain
technology and intellectual property rights relating to a new fungicide
compound still under development and charges associated with continuing
environmental sites as a Corporate charge of $5.8 million. Remaining
restructuring and other charges (income) for the twelve months ended December
31, 2012 include net miscellaneous charges of $8.2 million.

2011:

Restructuring and other charges (income) for the three months ended December
31, 2011, primarily include charges related to the phase out of our Sodium
Percarbonate facility of $5.3 million. Offsetting these charges is income from
a recovery associated with our continuing environmental sites as Corporate
income of $1.0 million. Remaining restructuring and other charges (income) for
the three months ended December 31, 2011, include net miscellaneous charges of
$0.9 million.

Restructuring and other charges (income) for the twelve months ended December
31, 2011, include charges related to the phase-out of our Sodium Percarbonate
facility of $21.0 million, charges from the restructuring activities
associated with our Huelva, Spain facility of $1.3 million and charges
associated with our Barcelona, Spain, facility of $2.4 million, all of which
are a part of our Industrial Chemicals segment. We also incurred charges
associated with continuing environmental sites as a Corporate charge of $3.1
million. Remaining restructuring and other charges (income) for the twelve
months ended December 31, 2011, include net miscellaneous charges of $4.6
million.

(c) Our non-operating pension and postretirement costs are defined as those
costs related to interest, expected return on plan assets, amortized actuarial
gains and losses and the impacts of any plan curtailments or settlements.
These costs are primarily related to changes in pension plan assets and
liabilities which are tied to financial market performance and we consider
these costs to be outside our operational performance. We exclude these
non-operating pension and postretirement costs as we believe that removing
them provides a better understanding of the underlying profitability of our
businesses, provides increased transparency and clarity in the performance of
our retirement plans and enhances period-over-period comparability. We
continue to include the service cost and amortization of prior service cost in
our Adjusted Earnings results noted above. We believe these elements reflect
the current year operating costs to our businesses for the employment benefits
provided to active employees.

(d) Charges related to the expensing of the inventory fair value step-up
resulting from the application of purchase accounting. The charges for twelve
months ended December 31, 2012 relate to a number of acquisitions completed in
2011 and 2012. The charges for the three and twelve months ended December 31,
2011 relate to the acquisitions completed during the fourth quarter of 2011.
On the condensed consolidated statements of income, the charges are included
in "Costs of sales and services".

(e) The tax adjustments in the three months ended December 31, 2012 were
primarily a result of a reduction in our valuation allowance related to state
net operating losses expected to be recoverable in future years. The tax
adjustments in the twelve months ended December 31, 2012 primarily represent
the state tax valuation allowance reversal discussed in the previous sentence.
Tax adjustments for the three months ended December 31, 2011 are primarily the
result of an increase to our valuation allowance related to foreign operations
for tax losses not expected to be fully recoverable in future years. Tax
adjustments for the twelve months ended December 31, 2011, are primarily a
result of a reduction in our liability for unrecognized tax benefits due to
settlements of audits mostly offset by the valuation allowance increases
recorded in the fourth quarter.

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP)
TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS, BEFORE INTEREST AND INCOME
TAXES
(NON-GAAP)
(Unaudited, in millions, except per share amounts)
                                       Three Months Ended  Twelve Months Ended
                                       December 31         December 31
                                       2012       2011     2012        2011
Net income attributable to FMC         $  102.2   $ 77.9   $  416.2    $ 365.9
stockholders (GAAP)
Discontinued operations, net of income 8.4        8.6      30.2        31.8
taxes
Restructuring and other charges        19.2       5.2      38.1        32.4
(income)
Non-operating pension and              8.6        2.1      34.9        14.5
postretirement charges
Acquisition-related charges            —          0.8      7.2         0.8
Interest expense, net                  11.5       9.9      45.3        39.4
Provision for income taxes             22.2       40.4     146.7       136.5
Adjusted earnings from continuing
operations, before interest and income $  172.1   $ 144.9  $  718.6    $ 621.3
taxes (Non-GAAP) (1)

___________________

(1) Referred to as Adjusted Operating Profit in the Press Release Narrative

RECONCILIATION OF FREE CASH FLOW
(Unaudited, in millions)
                                                           Twelve Months Ended
                                                           December 31
                                                           2012        2011
Cash provided (required) by operating activities           $  409.9    $ 425.6
Excess tax benefits from share-based compensation          9.7         7.4
Cash provided (required) by operating activities of        (50.2)      (44.3)
discontinued operations
Cash provided (required) by investing activities,          (250.4)     (209.9)
excluding acquisitions, net of cash acquired
Free Cash Flow (Non-GAAP)                                  $  119.0    $ 178.8

FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
INDUSTRY SEGMENT DATA
(Unaudited, in millions)
                                      Three Months Ended  Twelve Months Ended
                                      December 31         December 31
                                      2012       2011     2012       2011
Revenue
Agricultural Products                 $ 492.4    $ 409.2  $ 1,763.8  $ 1,464.5
Specialty Chemicals                   236.2      222.6    913.8      879.1
Industrial Chemicals                  272.2      277.1    1,076.1    1,038.5
Eliminations                          (0.8)      (0.3)    (5.4)      (4.2)
Total                                 $ 1,000.0  $ 908.6  $ 3,748.3  $ 3,377.9
Income from continuing operations
before income taxes
Agricultural Products                 109.9      72.6     450.7      348.3
Specialty Chemicals                   48.5       51.2     189.5      199.8
Industrial Chemicals                  38.0       42.0     165.4      154.5
Eliminations                          0.1        —        0.1        (0.1)
Segment operating profit              196.5      165.8    805.7      702.5
Corporate expense                     (19.4)     (17.3)   (63.6)     (62.5)
Other income (expense), net           (5.0)      (3.6)    (23.5)     (18.7)
Adjusted earnings from continuing
operations, before interest and       $ 172.1    $ 144.9  $ 718.6    $ 621.3
income taxes (Non-GAAP)
Restructuring and other (charges)     (19.2)     (5.2)    (38.1)     (32.4)
income (a)
Interest expense, net                 (11.5)     (9.9)    (45.3)     (39.4)
Non-operating pension and             (8.6)      (2.1)    (34.9)     (14.5)
postretirement charges (b)
Acquisition-related charges (c)       —          (0.8)    (7.2)      (0.8)
Provision for income taxes            (22.2)     (40.4)   (146.7)    (136.5)
Discontinued operations, net of       (8.4)      (8.6)    (30.2)     (31.8)
income taxes
Net income attributable to FMC        $ 102.2    $ 77.9   $ 416.2    $ 365.9
stockholders

____________________

(a) 2012:

Amounts for the three months ended December 31, 2012, related to Agricultural
Products of $2.4 million, Specialty Chemicals of $13.7 million, Industrial
Chemicals of $0.8 million and Corporate of $2.3 million. Amounts for the
twelve months ended December 31, 2012, related to Agricultural Products of
$8.5 million, Specialty Chemicals of $13.7 million, Industrial Chemicals of
$10.6 million and Corporate of $5.3 million.

2011:

Amounts for the three months ended December 31, 2011, related to Specialty
Chemicals charges of $0.1 million, Industrial Chemicals charges of $6.3
million and Corporate income of $1.2 million. Amounts for the twelve months
ended December 31, 2011, related to Agricultural Products charges of $1.2
million, Specialty Chemicals charges of $2.2 million, Industrial Chemicals
charges of $26.1 million and Corporate charges of $2.9 million.

(b) See Note (c) to the schedule "Reconciliation of Net Income Attributable to
FMC Stockholders (GAAP) to Adjusted After-Tax Earnings from Continuing
Operations, Attributable to FMC Stockholders (Non-GAAP)" for further details
on the components that make up this line item.

(c) See Note (d) to the schedule "Reconciliation of Net Income Attributable to
FMC Stockholders (GAAP) to Adjusted After-Tax Earnings from Continuing
Operations, Attributable to FMC Stockholders (Non-GAAP)" for further details
on the components that make up this line item.

FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in millions)
                                          December 31, 2012  December 31, 2011
Cash and cash equivalents                 $    77.1          $    158.9
Trade receivables, net                    1,124.5            931.3
Inventories                               675.7              470.3
Other current assets                      181.1              173.4
Deferred income taxes                     123.4              135.5
Total current assets                      2,181.8            1,869.4
Property, plant and equipment, net        1,136.2            986.8
Goodwill                                  294.4              225.9
Deferred income taxes                     233.3              246.9
Other long-term assets                    528.2              414.5
Total assets                              $    4,373.9       $    3,743.5
Short-term debt                           $    50.6          $    27.0
Current portion of long-term debt         5.7                19.5
Accounts payable, trade and other         443.2              382.1
Accrued customer rebates                  142.9              115.1
Guarantees of vendor financing            31.4               18.5
Accrued pensions and other postretirement 21.3               9.2
benefits, current
Other current liabilities                 440.3              348.5
Total current liabilities                 1,135.4            919.9
Long-term debt                            908.8              779.1
Long-term liabilities                     774.9              740.4
Equity                                    1,554.8            1,304.1
Total liabilities and equity              $    4,373.9       $    3,743.5

FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in millions)
                                               TwelveMonthsEndedDecember31
                                               2012              2011
Cash provided (required) by operating          $    409.9        $   425.6
activities
Cash provided (required) by operating          (50.2)            (44.3)
activities of discontinued operations
Cash provided (required) by investing          (393.6)           (358.0)
activities
Cash provided (required) by financing
activities:
Net borrowings (repayments) under committed    130.0             —
credit facilities
Increase (decrease) in short-term debt         22.6              9.0
Financing fees                                 —                 (8.5)
Repayments of long-term debt                   (20.4)            (121.3)
Proceeds from borrowings of long-term debt     5.9               300.2
Distributions to noncontrolling interests      (15.4)            (12.9)
Contingent consideration paid                  (2.5)             —
Dividends paid                                 (47.8)            (41.2)
Repurchases of common stock under publicly     (144.9)           (165.1)
announced program
Other repurchases of common stock              (4.1)             (4.2)
Excess tax benefits from share-based           9.7               7.4
compensation
Issuances of common stock, net                 18.7              11.3
                                               (48.2)            (25.3)
Effect of exchange rate changes on cash        0.3               (0.6)
Increase (decrease) in cash and cash           (81.8)            (2.6)
equivalents
Cash and cash equivalents, beginning of year   158.9             161.5
Cash and cash equivalents, end of period       $    77.1         $   158.9



SOURCE FMC Corporation

Website: http://www.fmc.com
Contact: Media contact: Jim Fitzwater, +1-215-299-6633, or Investor relations
contact: Andrew Sandifer, +1-215-299-6119
 
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