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
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Condensed Consolidated Statements of Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (In millions) | 2024 | 2023 | 2024 | 2023 |
| Net income (loss) attributable to TechnipFMC plc | $186.5 | $(87.2) | $343.6 | $(86.8) |
| (Income) loss attributable to non-controlling interests | 0.2 | 9.1 | (3.6) | 1.7 |
| Net income (loss) attributable to TechnipFMC plc, including non-controlling interests | 186.3 | (96.3) | 347.2 | (88.5) |
| Foreign currency translation adjustments | ||||
| Net unrealized gains (losses) arising during the period | (89.4) | 34.1 | (152.1) | 50.0 |
| Reclassification adjustment for net losses (gains) included in net income | — | — | 10.5 | (0.1) |
| Foreign currency translation adjustments(a) | (89.4) | 34.1 | (141.6) | 49.9 |
| Net gains (losses) on hedging instruments | ||||
| Net losses arising during the period | (20.7) | (18.8) | (55.1) | (24.9) |
| Reclassification adjustment for net (gains) losses included in net income | (3.7) | 7.0 | (6.8) | 8.6 |
| Net losses on hedging instruments(b) | (24.4) | (11.8) | (61.9) | (16.3) |
| Pension and other post-retirement benefits | ||||
| Net gains (losses) arising during the period | (0.8) | 2.2 | 3.3 | 0.2 |
| Reclassification adjustment for amortization of net actuarial losses included in net income | 3.0 | 2.2 | 6.2 | 4.5 |
| Reclassification adjustment for net (gain) included in net income | — | — | (2.3) | — |
| Net pension and other post-retirement benefits(c) | 2.2 | 4.4 | 7.2 | 4.7 |
| Other comprehensive income (loss), net of tax | (111.6) | 26.7 | (196.3) | 38.3 |
| Comprehensive income (loss) | 74.7 | (69.6) | 150.9 | (50.2) |
| Comprehensive (income) loss attributable to non-controlling interest | 0.5 | 10.3 | (3.4) | 4.9 |
| Comprehensive income (loss) attributable to TechnipFMC plc | $75.2 | $(59.3) | $147.5 | $(45.3) |
(a)Net of income tax ofnil for the three and six months ended June 30, 2024 and 2023.
(b)Net of income tax benefit (expense) of $11.6 million and $(6.4) million for the three months ended June 30, 2024 and 2023, respectively, and $18.2 million and $(11.0) million for the six months ended June 30, 2024 and 2023, respectively.
(c)Net of income tax benefit (expense) ofnil and $3.0 million for the three months ended June 30, 2024 and 2023, respectively, and $1.0 million and $2.0 million for the six months ended June 30, 2024 and 2023, respectively.
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