TechnipFMC plc (FTI) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Onshore/Offshore						7,904.5	3,349.1	4,951.3
Subsea	5,461.2	5,329.1	5,471.4	5,419.5	4,840.0	5,877.4	5,850.5	6,520.6
All other countries	544.5	377.7	573.0	785.6	2,209.5	3,084.2	3,827.9	4,459.9
United States	1,348.4	1,137.2	1,320.1	1,458.6	1,275.8	1,534.7	935.3	1,402.5
Other					4,227.6
Total revenues [+]	6,700.4	6,403.5	6,530.6	6,950.2	12,552.9	15,056.9	9,199.6	11,471.9
Products								148.8
Services								11,323.1
Revenue growth [+]	4.6%	-1.9%	-6.0%	-44.6%	-16.6%	63.7%	-19.8%	44.4%
Onshore/Offshore						136.0%	-32.4%
Subsea	2.5%	-2.6%	1.0%	12.0%	-17.7%	0.5%	-10.3%
All other countries	44.2%	-34.1%	-27.1%	-64.4%	-28.4%	-19.4%	-14.2%	58.8%
United States	18.6%	-13.9%	-9.5%	14.3%	-16.9%	64.1%	-33.3%	-37.5%
Surface Technologies	15.3%	1.4%	-30.8%	-3.9%	24.9%
Cost of goods sold [+]	166.2	128.4	116.7	5,882.7	9,954.4	12,524.6	0.0	9,975.1
Cost of product sales								112.1
Cost of services								9,863.0
Gross profit	6,534.2	6,275.1	6,413.9	1,067.5	2,598.5	2,532.3	9,199.6	1,496.8
Gross margin	97.5%	98.0%	98.2%	15.4%	20.7%	16.8%	100.0%	13.0%
Selling, general and administrative	616.8	644.9	724.1	795.7	1,140.6	1,060.9	572.6	689.6
Research and development	67.0	78.4	75.3	149.5	189.2	212.9	105.4	95.5
Equity in earnings	44.6	0.6	64.6	59.8	114.3	55.6	117.7	51.0
Other operating expenses	5,714.7	5,235.2	5,648.7		322.3	293.7	7,722.6
EBITDA [+]	557.5	702.6	442.5	649.8	1,611.1	1,635.1	1,217.4	1,101.4
EBITDA growth	-20.7%	58.8%	-31.9%	-59.7%	-1.5%	34.3%	10.5%	-11.9%
EBITDA margin	8.3%	11.0%	6.8%	9.3%	12.8%	10.9%	13.2%	9.6%
Depreciation	377.2	385.4	412.1	363.0	367.8	370.2	283.2	315.3
EBITA	180.3	317.2	30.4	286.8	1,243.3	1,264.9	934.2	786.1
EBITA margin	2.7%	5.0%	0.5%	4.1%	9.9%	8.4%	10.2%	6.9%
Amortization of intangibles				104.7	182.6	244.5	17.5	23.4
EBIT [+]	180.3	317.2	30.4	182.1	1,060.7	1,020.4	916.7	762.7
EBIT growth	-43.2%	943.4%	-83.3%	-82.8%	3.9%	11.3%	20.2%	-25.0%
EBIT margin	2.7%	5.0%	0.5%	2.6%	8.4%	6.8%	10.0%	6.6%
Non-recurring items [+]	25.7	84.3	3,472.4	2,480.3	1,864.0	-0.4	343.0	438.1
Asset impairment	15.2	66.7	3,402.0	2,456.7	1,831.2	191.5	343.0	438.1
Interest expense, net [+]	120.9	143.3	81.8	91.3	360.9	315.2	28.8	71.2
Interest expense	138.7	157.3	134.1	134.9	482.3	456.0	114.1	148.9
Interest income	17.8	14.0	52.3	43.6	121.4	140.8	85.3	77.7
Other income (expense), net	35.2	108.5	25.1	-181.6	-323.9	-25.9	6.5	-102.9
Pre-tax income	68.9	198.1	-3,498.7	-2,571.1	-1,488.1	679.7	551.4	150.5
Income taxes	105.4	111.1	19.4	79.0	422.7	545.5	180.3	136.5
Tax rate	153.0%	56.1%				80.3%	32.7%	90.7%
Minority interest					10.8	20.9	-22.2	-0.4
Earnings from continuing ops	8.8	159.6	-3,798.3	-2,888.1	-1,921.6	113.3	393.3	14.4
Earnings from discontinued ops	-45.3	-72.6	280.2	238.0
Net income	-36.5	87.0	-3,518.1	-2,650.1	-1,921.6	113.3	393.3	14.4
Net margin	-0.5%	1.4%	-53.9%	-38.1%	-15.3%	0.8%	4.3%	0.1%

Basic EPS [+]	$0.02	$0.35	($8.47)	($6.45)	($4.20)	$0.24	$3.29	$0.13
Growth	-94.5%	-104.2%	31.3%	53.7%	-1828.2%	-92.6%	2528.3%	-95.8%
Diluted EPS [+]	$0.02	$0.35	($8.47)	($6.45)	($4.20)	$0.24	$3.14	$0.11
Growth	-94.4%	-104.1%	31.3%	53.7%	-1834.2%	-92.3%	2679.3%	-96.2%

Dividends per share [+]			$0.13	$0.52	$0.52	$0.13	$2.00	$0.86
Growth		-100.0%	-75.0%	0.0%	300.0%	-93.5%	132.8%

Shares outstanding (basic) [+]	449.5	450.5	448.7	448.0	458.0	466.7	119.4	114.9
Growth	-0.2%	0.4%	0.2%	-2.2%	-1.9%	290.9%	3.9%	-51.4%
Shares outstanding (diluted) [+]	449.5	454.6	448.7	448.0	458.0	468.3	125.1	127.3
Growth	-1.1%	1.3%	0.2%	-2.2%	-2.2%	274.3%	-1.7%	-46.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.