EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2023

A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows:


	Year Ended December 31,
(In millions, except per share data)	2023		2022		2021
Income (loss) from continuing operations attributable to TechnipFMC plc	$	56.2	$	(61.9)	$	87.8
Loss from discontinued operations attributable to TechnipFMC plc	—		(45.3)		(74.5)
Net income (loss) attributable to TechnipFMC plc	$	56.2	$	(107.2)	$	13.3


Weighted average number of shares outstanding	438.6		449.5		450.5
Dilutive effect of restricted stock units	5.7		—		4.1

Dilutive effect of performance shares	8.0		—		—
Total shares and dilutive securities	452.3		449.5		454.6

Basic and diluted earnings (loss) per share attributable to TechnipFMC plc:
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc
Basic	$	0.13	$	(0.14)	$	0.19
Diluted	$	0.12	$	(0.14)	$	0.19

Loss per share from discontinued operations attributable to TechnipFMC plc
Basic	$	—	$	(0.10)	$	(0.17)
Diluted	$	—	$	(0.10)	$	(0.16)

Total earnings (loss) per share attributable to TechnipFMC plc
Basic	$	0.13	$	(0.24)	$	0.03
Diluted	$	0.12	$	(0.24)	$	0.03

For the year ended December 31, 2022, we incurred a net loss; therefore, the impact of any incremental shares from our share-based compensation awards would be anti-dilutive. For the years ended December 31, 2022, 8.9 million shares were anti-dilutive due to a net loss position.

Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive:


	Year Ended December 31,
(millions of shares)	2023	2022	2021
Share option awards	0.8	1.5	1.7
Restricted share units	—	—	0.1

Total	0.8	1.5	1.8