XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Lease revenue $ 62.3 $ 54.2
Total revenue 2,042.0 1,717.4
Costs and expenses    
Cost of lease revenue 38.3 39.8
Selling, general and administrative expense 159.8 153.9
Research and development expense 17.6 15.4
Restructuring, impairment and other charges 5.0 0.6
Total costs and expenses 1,883.0 1,666.4
Other income (expense), net (12.3) (1.3)
Gain on disposal of Measurement Solutions business (Note 3) 75.2 0.0
Income from equity affiliates (Note 10) 1.4 14.2
Income before net interest expense and income taxes 223.3 63.9
Interest income 13.7 8.3
Interest expense (26.4) (27.0)
Income before income taxes 210.6 45.2
Provision for income taxes (Note 16) 49.7 37.4
Net income 160.9 7.8
Net income attributable to non-controlling interests (3.8) (7.4)
Net income attributable to TechnipFMC plc $ 157.1 $ 0.4
Earnings per share attributable to TechnipFMC plc    
Basic (usd per share) $ 0.36 $ 0.00
Diluted (usd per share) $ 0.35 $ 0.00
Weighted average shares outstanding (Note 6)    
Basic (in shares) 433.6 442.1
Diluted (in shares) 446.3 455.0
Service revenue    
Revenue    
Revenue $ 1,165.8 $ 868.1
Costs and expenses    
Cost of product and service revenue 1,019.1 802.0
Products    
Revenue    
Revenue 813.9 795.1
Costs and expenses    
Cost of product and service revenue $ 643.2 $ 654.7