TechnipFMC plc
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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.
Mar 31, 2026 · Filed Apr 30, 2026
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)
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash provided by operating activities | ||
| Net income | $259.9 | $143.3 |
| Adjustments to reconcile net income to cash provided by operating activities | ||
| Depreciation and amortization | 103.6 | 102.4 |
| Employee benefit plan and share-based compensation costs | 57.8 | 17.7 |
| Deferred income tax provision, net | 47.3 | 12.5 |
| Income from equity affiliates, net of dividends received | (4.5) | (8.6) |
| Changes in operating assets and liabilities | ||
| Trade receivables, net and Contract assets | (122.6) | 88.1 |
| Inventories, net | (63.7) | (76.3) |
| Accounts payable, trade | 148.4 | 33.2 |
| Contract liabilities | (2.3) | 121.2 |
| Income taxes (receivable) payable, net | (15.8) | 19.5 |
| Other current assets and liabilities, net | (42.0) | (26.3) |
| Other operating activities | (33.6) | 15.0 |
| Cash provided by operating activities | 332.5 | 441.7 |
| Cash required by investing activities | ||
| Capital expenditures | (55.6) | (61.8) |
| Other investing activities | 2.0 | 3.6 |
| Cash required by investing activities | (53.6) | (58.2) |
| Cash required by financing activities | ||
| Repayment of debt obligations | (4.5) | (11.2) |
| Share repurchases | (264.8) | (250.1) |
| Dividends paid | (19.9) | (21.0) |
| Payments related to taxes withheld on share-based compensation | (76.5) | (62.2) |
| Other financing activities | 14.8 | (21.4) |
| Cash required by financing activities | (350.9) | (365.9) |
| Effect of changes in foreign exchange rates on cash and cash equivalents | 0.9 | 11.5 |
| Change in cash and cash equivalents | (71.1) | 29.1 |
| Cash and cash equivalents, beginning of period | 1,031.9 | 1,157.7 |
| Cash and cash equivalents, end of period | $960.8 | $1,186.8 |
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)
THREE MONTHS ENDED MARCH 31, 2026 and 2025
| (In millions) · Ordinary Shares · Capital inExcess of ParValue ofOrdinary Shares · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Non-controllingInterest · TotalStockholders’Equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2025 | $400.7 | $8,081.9 | $(3,761.4) | $(1,357.4) | $41.5 | $3,405.3 | |||||
| Net income (loss) | — | — | 260.5 | — | (0.6) | 259.9 | |||||
| Other comprehensive income | — | — | — | 10.1 | — | 10.1 | |||||
| Issuance of ordinary shares, net of shares withheld for tax | 2.2 | (78.7) | — | — | — | (76.5) | |||||
| Share-based compensation | — | 55.5 | — | — | — | 55.5 | |||||
| Shares repurchased and cancelled | (4.3) | (86.7) | (173.8) | — | — | (264.8) | |||||
| Proceeds from exercise of stock options | 0.1 | 3.5 | — | — | — | 3.6 | |||||
| Dividends declared and paid | — | — | (19.9) | — | — | (19.9) | |||||
| Other | — | 33.3 | (2.7) | — | (33.0) | (2.4) | |||||
| Balance as of March 31, 2026 | $398.7 | $8,008.8 | $(3,697.3) | $(1,347.3) | $7.9 | $3,370.8 | |||||
| Balance as of December 31, 2024 | $423.0 | $8,653.4 | $(4,309.8) | $(1,672.8) | $44.6 | $3,138.4 | |||||
| Net income | — | — | 142.0 | — | 1.3 | 143.3 | |||||
| Other comprehensive income | — | — | 150.0 | 0.1 | 150.1 | ||||||
| Issuance of ordinary shares, net of shares withheld for tax | 4.9 | (67.1) | — | — | — | (62.2) | |||||
| Share-based compensation | — | 14.1 | — | — | — | 14.1 | |||||
| Shares repurchased and cancelled | (8.9) | (182.6) | (58.6) | — | — | (250.1) | |||||
| Proceeds from exercise of stock options | — | 2.0 | — | — | — | 2.0 | |||||
| Dividends declared and paid | — | — | (21.0) | — | — | (21.0) | |||||
| Other | — | (0.1) | 2.6 | — | (0.1) | 2.4 | |||||
| Balance as of March 31, 2025 | $419.0 | $8,419.7 | $(4,244.8) | $(1,522.8) | $45.9 | $3,117.0 | |||||
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