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
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Condensed Consolidated Statements of Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (In millions) | 2024 | 2023 | 2024 | 2023 |
| Net income attributable to TechnipFMC plc | $274.6 | $90.0 | $618.2 | $3.2 |
| (Income) attributable to non-controlling interests | (3.8) | (3.7) | (7.4) | (2.0) |
| Net income attributable to TechnipFMC plc, including non-controlling interests | 278.4 | 93.7 | 625.6 | 5.2 |
| Foreign currency translation adjustments | ||||
| Net unrealized gains (losses) arising during the period | 46.7 | (50.6) | (105.4) | (0.6) |
| Reclassification adjustment for net losses included in net income | — | 0.1 | 10.5 | — |
| Foreign currency translation adjustments(a) | 46.7 | (50.5) | (94.9) | (0.6) |
| Net gains (losses) on hedging instruments | ||||
| Net (losses) gains arising during the period | 41.0 | 5.6 | (14.1) | (19.3) |
| Reclassification adjustment for net (gains) included in net income | (5.9) | (12.4) | (12.7) | (3.8) |
| Net gains (losses) on hedging instruments(b) | 35.1 | (6.8) | (26.8) | (23.1) |
| Pension and other post-retirement benefits | ||||
| Net gains (losses) arising during the period | (7.0) | 0.5 | (3.7) | 0.7 |
| Reclassification adjustment for amortization of prior service cost included in net income | 0.1 | 0.1 | 0.2 | 0.2 |
| Reclassification adjustment for amortization of net actuarial losses included in net income | 1.1 | 2.2 | 7.2 | 6.6 |
| Reclassification adjustment for net (gain) included in net income | — | — | (2.3) | — |
| Net pension and other post-retirement benefits(c) | (5.8) | 2.8 | 1.4 | 7.5 |
| Other comprehensive income (loss), net of tax | 76.0 | (54.5) | (120.3) | (16.2) |
| Comprehensive income (loss) | 354.4 | 39.2 | 505.3 | (11.0) |
| Comprehensive (income) attributable to non-controlling interest | (3.8) | (10.7) | (7.2) | (5.8) |
| Comprehensive income (loss) attributable to TechnipFMC plc | $350.6 | $28.5 | $498.1 | $(16.8) |
(a)Net of income tax ofnil for the three and nine months ended September 30, 2024 and 2023.
(b)Net of income tax benefit (expense) of $(3.0) million and $11.4 million for the three months ended September 30, 2024 and 2023, respectively, and $15.2 million and $0.4 million for the nine months ended September 30, 2024 and 2023, respectively.
(c)Net of income tax benefit (expense) of $(5.9) million and $(0.5) million for the three months ended September 30, 2024 and 2023, respectively, and $(4.9) million and $1.5 million for the nine months ended September 30, 2024 and 2023, respectively.
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