TechnipFMC plc

Listed Company

FTICIK 0001681459NYSELarge AcceleratedOil & Gas Field Machinery & EquipmentX0GBFY ends Dec 31

Period

FY 2025

Revenue

$9.93B

Net Income

$963.90M

Total Assets

—

Equity

—

Shares Out

398.70M

Op. Cash Flow

$1.76B

Business

TechnipFMC plc provides technology and integrated project delivery, products, and services to the traditional and new energy industries, focusing on subsea and surface energy infrastructure. Its main offerings include subsea production systems, SURF (umbilicals, risers and flowlines), subsea processing, ROV robotics, specialized installation vessels, surface wellheads and production trees, drilling and stimulation systems, flexible and hybrid pipes, digital platforms, and life-of-field services. The company operates through two business segments: Subsea and Surface Technologies. It sells globally to major integrated and national oil companies, independents, and energy service firms via direct awards, alliances, integrated contracts, vessels, and digital channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Lease revenue	292	243	274	215	158
Total revenue	9,933	9,083	7,824	6,700	6,404
Cost of lease revenue	174	152	189	166	128
Selling, general and administrative expense	705	667	676	617	645
Research and development expense	83	73	69	67	78
Restructuring, impairment and other expenses (Note 9)	73	26	20	15	67
Total costs and expenses	8,612	8,127	7,315	6,503	6,370
Other income (expense), net (Note 18)	−58	−46	−248	5	47
Gain on disposal of Measurement Solutions business	0	71	0	0	—
Income from equity affiliates (Note 10)	47	22	34	45	600,000
Income before net interest expense and income taxes	1,310	1,004	295	220	403
Interest income	42	34	34	18	14
Interest expense	−81	−97	−122	−139	—
Income before income taxes	1,270	940	207	69	198
Provision for income taxes (Note 19)	303	85	155	105	111
Net income	967	855	52	—	—
(Income) loss attributable to non-controlling interests	−3	−12	4	−25	800,000
Net income attributable to TechnipFMC plc	964	843	56	−107	13
Basic (usd per share)	2.34	1.96	0.13	−0.24	0.03
Diluted (usd per share)	2.3	1.91	0.12	−0.24	0.03
Basic (in shares)	412	429	439	450	451
Diluted (in shares)	420	441	452	450	455

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,032	1,158	952	1,057	1,327
Trade receivables, net of allowances of $45.3 in 2025 and $43.4 in 2024	1,129	1,319	1,138	967	912
Contract assets	1,066	968	1,010	982	966
Inventories, net (Note 8)	1,153	1,077	1,100	1,040	1,032
Derivative financial instruments (Note 21)	442	347	183	283	110
Income taxes receivable	179	137	156	125	85
Other current assets (Note 9)	545	463	414	455	512
Total current assets	5,545	5,468	5,195	4,989	5,342
Investments in equity affiliates (Note 10)	231	245	274	325	292
Property, plant and equipment, net (Note 12)	2,285	2,134	2,271	2,355	2,597
Operating lease right-of-use assets (Note 3)	774	723	740	802	708
Finance lease right-of-use assets (Note 3)	78	97	92	52	52
Intangible assets, net (Note 13)	426	508	602	716	814
Deferred income taxes (Note 19)	253	260	165	73	74
Derivative financial instruments (Note 21)	187	177	30	7	11
Other assets	340	258	288	127	130
Total assets	10,118	9,869	9,657	9,444	10,020
Short-term debt and current portion of long-term debt (Note 14)	34	278	154	367	278
Operating lease liabilities (Note 3)	147	131	137	136	126
Finance lease liabilities (Note 3)	31	62	10	52	700,000
Accounts payable, trade	1,180	1,303	1,356	1,283	1,294
Contract liabilities	2,149	1,787	1,486	1,156	1,013
Derivative financial instruments (Note 21)	358	397	180	347	161
Income taxes payable	142	157	147	97	125
Other current liabilities (Note 9)	874	752	748	561	660
Total current liabilities	4,915	4,865	4,469	4,174	3,852
Long-term debt, less current portion (Note 14)	396	607	914	999	1,727
Operating lease liabilities, less current portion (Note 3)	674	662	667	736	647
Finance lease liabilities (Note 9)	61	52	88	1	51
Deferred income taxes (Note 19)	101	54	92	56	48
Accrued pension and other post-retirement benefits, less current portion (Note 20)	49	129	84	60	113
Derivative financial instruments (Note 21)	202	243	25	4	16
Other liabilities	315	119	146	138	148
Total liabilities	6,713	6,731	6,485	6,168	6,602
Commitments and contingent liabilities (Note 18)	—	—	—	—	—
Ordinary shares, $1 par value; 618.3 shares authorized in 2025 and 2024; 400.7 shares and 423.0 shares issued and outstanding in 2025 and 2024, respectively	401	423	433	442	451
Capital in excess of par value of ordinary shares	8,082	8,653	8,939	9,110	9,161
Accumulated deficit	−3,761	−4,310	−4,993	−5,010	−4,904
Accumulated other comprehensive loss	−1,357	−1,673	−1,242	−1,302	−1,305
Total TechnipFMC plc stockholders equity	3,364	3,094	3,137	3,240	3,403
Non-controlling interests	42	45	35	37	16
Total equity	3,405	3,138	3,172	3,277	3,418
Total liabilities and equity	10,118	9,869	9,657	9,444	10,020

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	442	393	378	377	385
Employee benefit plan and share-based compensation costs	69	76	31	34	34
Deferred income tax provision (benefit), net	36	−246	−54	−13	−95
Derivative instruments and foreign exchange	34	−74	30	54	—
Income from equity affiliates, net of dividends received	4	29	−34	−32	−600,000
Other	18	17	42	11	−6
Trade receivables, net and Contract assets	213	−236	−228	−160	−73
Inventories, net	−23	−42	−91	−35	198
Accounts payable, trade	−230	8	63	52	94
Contract liabilities	278	363	321	165	900,000
Income taxes (receivable) payable, net	−92	35	34	−62	215
Other current assets and liabilities, net	156	−227	203	−40	64
Other non-current assets and liabilities, net	−107	81	−53	−19	−8
Cash provided by operating activities	1,765	961	693	352	781
Capital expenditures	−317	−282	−225	−158	−192
Proceeds from sale of assets	12	19	85	30	105
Proceeds from sale of Measurement Solutions business	0	186	0	0	—
Other	7	500,000	15	1	8
Cash required by investing activities	−298	−76	−126	162	817
Repayment of debt obligations	−503	−121	−342	−200	−62
Share repurchases	−918	−400	−205	−100	0
Dividends paid	−82	−86	−44	0	0
Payments related to taxes withheld on share-based compensation	−69	−50	−17	−5	—
Other	−48	9	−49	−20	−4
Cash required by financing activities	−1,621	−648	−657	−797	−5,065
Effect of changes in foreign exchange rates on cash and cash equivalents	29	−31	−16	12	−14
Increase (decrease) in cash and cash equivalents	−126	206	−105	−270	−3,480
Cash paid for interest (net of interest capitalized)	56	63	93	109	104
Income taxes paid (net of refunds received)	359	250	151	189	25
Dividend receivable in exchange for loan receivable	0	0	85	0	0

Filings

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