TechnipFMC plc
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
FTI$64.55+0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Cash provided (required) by operating activities | ||
| Net income | $625.6 | $5.2 |
| Adjustments to reconcile income to cash provided (required) by operating activities | ||
| Depreciation and amortization | 285.6 | 283.3 |
| Deferred income tax benefit | (60.7) | (22.9) |
| Income from equity affiliates, net of dividends received | (11.9) | (35.9) |
| Gain on disposal of Measurement Solutions business | (75.2) | — |
| Other non-cash items, net | 30.2 | 55.0 |
| Changes in operating assets and liabilities, net of effects of acquisitions | ||
| Trade receivables, net and Contract assets, net | (274.3) | (587.6) |
| Inventories, net | (68.3) | (112.9) |
| Accounts payable, trade | 123.9 | 275.7 |
| Contract liabilities | 33.4 | 89.4 |
| Income taxes payable, net | (19.0) | 46.0 |
| Other current assets and liabilities, net | (283.8) | 42.7 |
| Other non-current assets and liabilities, net | 76.6 | (46.1) |
| Cash provided (required) by operating activities | 382.1 | (8.1) |
| Cash provided (required) by investing activities | ||
| Capital expenditures | (155.4) | (153.7) |
| Proceeds from sales of assets | 5.5 | 75.3 |
| Proceeds from sale of Measurement Solutions business | 186.1 | — |
| Other investing activities | 0.5 | 14.9 |
| Cash provided (required) by investing activities | 36.7 | (63.5) |
| Cash required by financing activities | ||
| Net decrease in short-term debt | (91.7) | (38.2) |
| Share repurchases | (330.1) | (150.1) |
| Dividends paid | (64.7) | (21.8) |
| Payments related to taxes withheld on share-based compensation | (49.7) | (17.2) |
| Proceeds from exercise of stock options | 30.9 | — |
| Other financing activities | (17.2) | (49.4) |
| Cash required by financing activities | (522.5) | (276.7) |
| Effect of changes in foreign exchange rates on cash and cash equivalents | (10.5) | (17.9) |
| Change in cash and cash equivalents | (114.2) | (366.2) |
| Cash and cash equivalents, beginning of period | 951.7 | 1,057.1 |
| Cash and cash equivalents, end of period | $837.5 | $690.9 |
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