Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| | 10-Q | 8-K | 8-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q |
| Revenues: |
| Subsea | | | | | 5,252.0 | 5,231.7 | 5,329.1 | 5,430.9 |
| Other | 5,498.6 | | | | 1,123.7 | 1,095.6 | 1,074.4 | 1,049.6 |
| Total revenues | 7,117.0 | 6,862.0 | 6,700.4 | 6,529.3 | 6,375.7 | 6,327.3 | 6,403.5 | 6,480.5 |
| Revenue growth [+] | 11.6% | 8.5% | 4.6% | 0.8% | -3.8% | -3.8% | -20.7% | -36.5% |
| Subsea | | | | | 5.4% | 5.3% | 10.2% | 7.0% |
| Surface Technologies | | | | | 17.8% | 2.8% | -4.8% | -19.3% |
| Cost of goods sold | 6,625.7 | 6,462.3 | 6,165.1 | 8,570.4 | 8,268.9 | 8,229.8 | 8,269.6 | 5,046.0 |
| Gross profit | 491.3 | 399.7 | 535.3 | -2,041.1 | -1,893.2 | -1,902.5 | -1,866.1 | 1,434.5 |
| Gross margin | 6.9% | 5.8% | 8.0% | -31.3% | -29.7% | -30.1% | -29.1% | 22.1% |
| Selling, general and administrative [+] | 150.0 | | | | 627.4 | 656.9 | 644.9 | 662.8 |
| Sales and marketing | | | | 302.7 | 456.1 | 485.6 | | 473.6 |
| General and administrative | | 0.0 | 0.0 | 171.3 | | | 171.3 | |
| Research and development | 16.8 | | | | 68.8 | 76.5 | 78.4 | 58.4 |
| Equity in earnings | 1.1 | | | | -10.2 | -1.7 | 0.6 | 5.4 |
| Other operating expenses | 14.6 | 77.5 | | | -2,517.9 | -2,429.9 | -2,906.0 | 3,681.9 |
| EBITDA [+] | 593.8 | | 387.1 | | 300.4 | 178.4 | 702.6 | -2,559.7 |
| EBITDA growth | 97.7% | 101.1% | -44.9% | -113.0% | -112.0% | -107.8% | -126.7% | -370.9% |
| EBITDA margin | 8.3% | 5.2% | 5.8% | 5.1% | 4.7% | 2.8% | 11.0% | -39.5% |
| Depreciation | 282.8 | | 282.7 | | 429.6 | 433.6 | 432.9 | 456.3 |
| EBITA | 311.0 | 171.9 | 104.4 | -24.0 | -129.2 | -255.2 | 269.7 | -3,016.0 |
| EBITA margin | 4.4% | 2.5% | 1.6% | -0.4% | -2.0% | -4.0% | 4.2% | -46.5% |
| Amortization of intangibles | | | | | | | -47.5 | -52.8 |
| EBIT [+] | 311.0 | 171.9 | 104.4 | -24.0 | -81.7 | -207.7 | 317.2 | -2,963.2 |
| EBIT growth | -480.7% | -182.8% | -67.1% | -99.2% | -97.2% | -92.2% | -110.4% | -674.7% |
| EBIT margin | 4.4% | 2.5% | 1.6% | -0.4% | -1.3% | -3.3% | 5.0% | -45.7% |
| Non-recurring items [+] | 5.1 | | | | 30.6 | 28.6 | 84.3 | -3,210.2 |
| Asset impairment | 5.1 | | | | 47.4 | 42.2 | 66.7 | 80.6 |
| Interest expense, net [+] | 93.7 | | 96.4 | 102.3 | 110.7 | 118.2 | 143.3 | 118.1 |
| Interest expense | 93.7 | | 128.9 | 139.9 | 150.4 | 156.6 | 157.3 | 142.9 |
| Interest income | | | | | 39.7 | 38.4 | 14.0 | 24.8 |
| Other income (expense), net | -172.9 | 42.2 | 70.1 | 117.4 | 124.0 | 90.2 | 108.5 | 113.6 |
| Pre-tax income | 39.3 | 119.9 | 68.9 | -18.9 | -99.0 | -264.3 | 198.1 | 242.5 |
| Income taxes | 137.8 | 114.3 | 105.4 | 130.4 | 100.0 | 115.1 | 111.1 | 77.6 |
| Tax rate | | 95.3% | | -689.9% | -101.0% | | | |
| Earnings from continuing ops | -98.5 | 5.6 | -17.1 | -101.4 | -159.5 | -347.6 | 159.6 | 167.3 |
| Earnings from discontinued ops | | | | | | -31.8 | -72.6 | -2.4 |
| Net income | -98.5 | 5.6 | -36.5 | -149.3 | -199.0 | -379.4 | 87.0 | 164.9 |
| Net margin | -1.4% | 0.1% | -0.5% | -2.3% | -3.1% | -6.0% | 1.4% | 2.5% |
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| Basic EPS [+] | ($0.90) | $0.05 | ($0.08) | ($0.30) | ($0.35) | ($0.77) | $0.35 | $0.37 |
| Growth | 153.2% | -106.4% | -121.4% | -180.6% | -275.3% | 261.1% | -104.1% | -102.7% |
| Diluted EPS [+] | ($0.90) | $0.05 | ($0.08) | ($0.30) | ($0.35) | ($0.77) | $0.35 | $0.37 |
| Growth | 154.4% | -106.4% | -121.3% | -180.1% | -274.6% | 260.6% | -104.1% | -102.7% |
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| Growth | | | | | -100.0% | -100.0% | -100.0% | -100.0% |
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| Shares outstanding (basic) [+] | 110.0 | | 225.8 | 338.4 | 451.1 | 450.7 | 450.4 | 449.9 |
| Growth | -75.6% | | -49.9% | -24.8% | 0.3% | 0.4% | 0.4% | 0.4% |
| Shares outstanding (diluted) [+] | 110.0 | | 227.0 | 340.6 | 453.3 | 451.8 | 451.8 | 450.3 |
| Growth | -75.7% | | -49.8% | -24.4% | 0.7% | 0.5% | 0.7% | 0.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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