TechnipFMC plc
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
FTI$64.55+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Six Months Ended June 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Cash provided (required) by operating activities | ||
| Net income (loss) | $347.2 | $(88.5) |
| Adjustments to reconcile income (loss) to cash required by operating activities | ||
| Depreciation and amortization | 191.6 | 190.0 |
| Income from equity affiliates, net of dividends received | (3.4) | (15.4) |
| Gain on disposal of Measurement Solutions business | (75.2) | — |
| Other non-cash items, net | (4.5) | 11.9 |
| Changes in operating assets and liabilities, net of effects of acquisitions | ||
| Trade receivables, net and Contract assets, net | (189.6) | (478.1) |
| Inventories, net | (71.9) | (102.7) |
| Accounts payable, trade | 117.6 | 222.8 |
| Contract liabilities | (52.4) | 57.6 |
| Income taxes payable, net | (25.1) | 18.7 |
| Other current assets and liabilities, net | (251.9) | (5.1) |
| Other non-current assets and liabilities, net | 121.8 | (41.2) |
| Cash provided (required) by operating activities | 104.2 | (230.0) |
| Cash provided (required) by investing activities | ||
| Capital expenditures | (102.8) | (110.1) |
| Proceeds from sale of Measurement Solutions business | 186.1 | — |
| Other investing activities | 3.8 | 30.7 |
| Cash provided (required) by investing activities | 87.1 | (79.4) |
| Cash required by financing activities | ||
| Net decrease in short-term debt | (65.4) | (26.1) |
| Net increase in revolving credit facility | — | 50.0 |
| Share repurchases | (250.1) | (100.0) |
| Dividends paid | (43.2) | — |
| Payments related to taxes withheld on share-based compensation | (49.7) | (17.2) |
| Other financing activities | (9.5) | (48.5) |
| Cash required by financing activities | (417.9) | (141.8) |
| Effect of changes in foreign exchange rates on cash and cash equivalents | (16.9) | (20.7) |
| Change in cash and cash equivalents | (243.5) | (471.9) |
| Cash and cash equivalents, beginning of period | 951.7 | 1,057.1 |
| Cash and cash equivalents, end of period | $708.2 | $585.2 |
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