v3.25.1

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenue
Lease revenue	$ 61.4	$ 62.3
Total revenue	2,233.6	2,042.0
Costs and expenses
Cost of lease revenue	42.5	38.3
Selling, general and administrative expense	184.2	159.8
Research and development expense	19.1	17.6
Restructuring, impairment and other expenses	1.2	5.0
Total costs and expenses	1,973.2	1,883.0
Other expense, net	(29.6)	(12.3)
Gain on disposal of Measurement Solutions business (Note 18)	0.0	75.2
Income from equity affiliates (Note 9)	9.4	1.4
Income before net interest expense and income taxes	240.2	223.3
Interest income	12.7	13.7
Interest expense	(22.6)	(26.4)
Income before income taxes	230.3	210.6
Provision for income taxes (Note 15)	87.0	49.7
Net income	143.3	160.9
Net (income) attributable to non-controlling interests	(1.3)	(3.8)
Net income attributable to TechnipFMC plc	$ 142.0	$ 157.1
Earnings per share attributable to TechnipFMC plc
Basic (usd per share)	$ 0.34	$ 0.36
Diluted (usd per share)	$ 0.33	$ 0.35
Weighted average shares outstanding (Note 5)
Basic (in shares)	421.2	433.6
Diluted (in shares)	431.2	446.3
Service revenue
Revenue
Revenue	$ 1,304.0	$ 1,165.8
Costs and expenses
Cost of product and service revenue	1,090.4	1,019.1
Products
Revenue
Revenue	868.2	813.9
Costs and expenses
Cost of product and service revenue	$ 635.8	$ 643.2

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

TechnipFMC plc 10-Q