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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (In millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | ||||
| Service revenue | $1,405.7 | $1,049.4 | $2,571.5 | $1,917.5 |
| Product revenue | 860.2 | 858.8 | 1,674.1 | 1,653.9 |
| Lease revenue | 59.7 | 64.0 | 122.0 | 118.2 |
| Total revenue | 2,325.6 | 1,972.2 | 4,367.6 | 3,689.6 |
| Costs and expenses | ||||
| Cost of service revenue | 1,112.1 | 870.5 | 2,131.2 | 1,672.5 |
| Cost of product revenue | 672.3 | 725.6 | 1,315.5 | 1,380.3 |
| Cost of lease revenue | 40.3 | 45.7 | 78.6 | 85.5 |
| Selling, general and administrative expense | 174.9 | 150.0 | 334.7 | 303.9 |
| Research and development expense | 15.2 | 16.8 | 32.8 | 32.2 |
| Restructuring, impairment and other charges | 2.4 | 5.1 | 7.4 | 5.7 |
| Total costs and expenses | 2,017.2 | 1,813.7 | 3,900.2 | 3,480.1 |
| Other expense, net | (44.1) | (182.3) | (56.4) | (183.6) |
| Gain on disposal of Measurement Solutions business (Note 3) | — | — | 75.2 | — |
| Income from equity affiliates (Note 10) | 2.6 | 1.1 | 4.0 | 15.3 |
| Income (loss) before net interest expense and income taxes | 266.9 | (22.7) | 490.2 | 41.2 |
| Interest income | 5.7 | 4.1 | 19.4 | 12.4 |
| Interest expense | (27.1) | (34.4) | (53.5) | (61.4) |
| Income (loss) before income taxes | 245.5 | (53.0) | 456.1 | (7.8) |
| Provision for income taxes (Note 16) | 59.2 | 43.3 | 108.9 | 80.7 |
| Net income (loss) | 186.3 | (96.3) | 347.2 | (88.5) |
| (Income) loss attributable to non-controlling interests | 0.2 | 9.1 | (3.6) | 1.7 |
| Net income (loss) attributable to TechnipFMC plc | $186.5 | $(87.2) | $343.6 | $(86.8) |
| Earnings (loss) per share attributable to TechnipFMC plc | ||||
| Basic | $0.43 | $(0.20) | $0.80 | $(0.20) |
| Diluted | $0.42 | $(0.20) | $0.78 | $(0.20) |
| Weighted average shares outstanding (Note 6) | ||||
| Basic | 430.2 | 440.1 | 431.9 | 441.1 |
| Diluted | 440.1 | 440.1 | 443.2 | 441.1 |
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