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© 2025 TechnipFMC. All rights reserved. The information contained in this document is company confidential and proprietary prop erty of TechnipFMC and its affiliates. It is to be used only for the benefit of TechnipFMC and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of TechnipFMC. Q4 2025 Earnings Presentation February 19, 2026
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2 Disclaimer Forward-looking statements This communication contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Sect ion 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events, market growth and recovery, growth of our new energy bu siness, and anticipated revenues, earnings, cash flows, or other aspects of our operations or operating results. Forward-looking statements are often identified by words such as “guidance,” “c onfident,” “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “likely,” “predicated,” “estimate,” “outlook,” “commit” and similar ex pressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on our current expectat ions, beliefs, and assumptions concerning future developments and business conditions and their potential effect on us. While management believes these forward-looking statements are reas onable as and when made, there can be no assurance that future developments affecting us will be those that we anti cipate. All of our forward-looking statements involve risks and uncertain t i e s( s o m eo fw h i c ha r es i g n i f i c a n to rb e y o n do u r control) and assumptions that could cause actual results to differ material ly from our historical experience and our present expectations or projec tions. Known material factors that could cause actual results to differ materially from those contemplated in the forward-looking statements include unpredictable trends in the demand for and price of o il and natural gas; competition and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation; our inability to develop, implement and protec t new technologies and services and intellectual property related thereto; the cumulative loss of major contracts, customers, alliances, or business disruptions; disruptions in the political, re gulatory, economic and social conditions, or public health crisis in the countries where we conduct business; the Depository Trust Company the impact of our existing and future indebtedness; a downgrade in our debt rating; the risks caused by our acquisition and divestiture activities; additional costs or risks from increasing scrutiny and expectations regarding sustainability matters; u ncertainties related to our investments, including those related to energy transition; the risks caused by fixed-price contracts; our failure to timely deliver our backlog; our reliance on subcontractors, suppliers and our joint venture partners; challenges with managing artificial intelligence, machine learning, and data science; a f ailure or breach of our IT infrastructure or that of our subcontractors, su ppliers or joint venture partners, including as a result of cyber-attacks; risks of pirates and maritime conflicts endangering our maritime employees and assets; any delays and cost overruns of capital asset construction projects for vessels and manufacturing facilities; potential liabilities inherent in the industries in which we operate or have operated; our failure to comply with existing and future law s and regulations, including those related to environmental protection, climate change, health and safety, labor and employment, import/export controls, currency exchange, bribery and corru ption, taxation, privacy, data protection and data security; uninsured claims and litigation against us; the additional restrictions on dividend payouts or share repurchases as an English public lim ited company; tax laws, treaties and regulations and any unfavorable findings by relevant tax authorities; significant changes or developments in U.S. or other national trade policies, including tari ffs and the reactions of other countries thereto; potential departure of our key managers and employees; adverse seasonal, weather, and other climatic conditions; unfavorable currency exchange rates; risk i nc o n n e c t i o nw i t ho u rd e f i n e db e n e f i tp e n s i o n plan commitments; and our inability to obtain sufficient bonding capacity for certain contracts as well as those set forth in Part I, Item 1A, “Risk Fac tors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and our other reports subse quently filed with the Securities and Exchange Commission. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publ icly update or revise any of our forward- looking statements after the date they are made, whether as a result of new in formation, future events or otherwise, except to the extent required by la w.
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Operational highlights and financial results
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Q4 2024 Earnings Call Presentation | 4 2025 – Another major milestone for TechnipFMC Total Company inbound of $11.2 billion; Subsea orders of $10.1 billion – book-to-bill of 1.2x Direct awards, iEPCI , and Subsea Services accounted for > 80% of total Subsea inbound Total Company backlog of $16.6 billion increased 15% versus the prior year Commercial success Improved financial performance (versus 2024) Strong cash generation and distributions (versus 2024) Total Company revenue increased 9% to $9.9 billion, driven by growth in Subsea Total Company adjusted EBITDA increased 33% to $1.8 billion, excluding foreign exchange Subsea and Surface Technologies adjusted EBITDA margins improved 340 and 170 bps, respectively Cash provided by operations of $1.8 billion; free cash flow improved to $1.4 billion Returned $1 billion to shareholders, more than double 2024 distributions Gross debt decreased by $455 million; net cash improved to $602 million
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5 Q4 2025 Highlights • Total Company inbound of $2.6 billion; Subsea orders of $2.3 billion, representing a book-to-bill of 1.1 • Subsea Opportunities List highlights record opportunity set over the next 24 months; approximately $29 billion for potential award when using the midpoint of project values • Total Company adjusted EBITDA of $440 million, excluding the impact of foreign exchange • Cash provided by operations of $454 million; free cash flow of $359 million • Total shareholder distributions of $188 million through share repurchases and dividends • Increased Subsea revenue and adjusted EBITDA margin guidance $2.6b Inbound orders $16.6b Backlog $440m Adjusted EBITDA excluding F/X $359m Free cash flow
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Q4 2025 Segment results 6 • Revenue decreased 2% sequentially driven by lower activity in North America and timing of project-related activity in the Middle East, partially offset by higher activity in Asia Pacific. • Adjusted EBITDA of $58 million improved 8% sequentially due to higher services activity in the Middle East and operational efficiencies related to business transformation initiatives. Surface Technologies Subsea • Revenue decreased 5% sequentially, primarily due to lower activity in the North Sea and Latin America, offset in part by higher activity in Asia Pacific. • Adjusted EBITDA of $416 million decreased 18% sequentially, primarily driven by seasonally lower vessel-based activity and reduced fleet availability resulting from higher scheduled maintenance in the period.
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7 2026 Full-year financial guidance1 As of February 19, 2026 • Revenue in a range of $9.2 – 9.6 billion • Adjusted EBITDA marginin a range of 21 – 22% • Corporate expense, net$115 – 125 million (excludes charges and credits) • Net interest expense $10 – 20 million • Effective tax rate 27 – 31% • Capital expendituresapproximately $340 million • Free cash flow2 $1.3 – 1.45 billion Subsea Corporate and Other • Revenue in a range of $1.15 – 1.3 billion • Adjusted EBITDA marginin a range of 16.5 – 18% Surface Technologies 1 Our guidance measures of adjusted EBITDA margin, free cash flow and adjusted corporate expense, net are non-GAAP financial measures. We are unable to provide a reconciliation to comparable GAAP financial measures on a forward-looking basis without unreasonable effort because of the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results. 2 Free cash flow is calculated as cash flow from operations less capital expenditures.
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8 Subsea opportunities over next 24 months* Project values *February 2026 update; project value ranges reflect potential subsea scope LLOG Who Dat bp Kaskida – West Bump Shell Leopard Repsol Block 29 TotalEnergies Cominhos East TotalEnergies Preowei Eni Baleine Phase 3 bp Tortue ONGC KG-DWN-98/2 Cluster 3 Eni Northern Hub Eni Gendalo/Gandang Mubadala Tangkulo Petronas Megah Phase 1 Woodside Browse Phase 1 Chevron Gorgon Stage 4 Cairn KG Deepwater Equinor Ringvei Vest Equinor Heidrun Extension Adura Puffin Ithaca Tornado Vår Energi Gjøa Nord/Ofelia Petrobras Sergipe Deep Water Shell Bonga SW TotalEnergies Venus Petrobras Brownfields Karoon Neon Petrobras Flexibles [multiple fields] Petrobras Sepia 2 Petrobras Buzios 12 ExxonMobil Longtail (Phase 8) Cenovus North White Rose Ext. Chevron Aphrodite Mellitah Bahr Essalam $250m to $500m $500m to $1,000m Above $1,000m Petronas Sloanea Azule Greater PAJ Equinor Bacalhau Phase 2
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9 * Value represents mid-point of range; $1,250m used for projects ‘Above $1,000m’ Projects added Projects removed Natural Gas Projects with revised scope Q4 2025 Updates – Subsea opportunities Project values $250m to $500m $500m to $1,000m Above $1,000m LLOG Who Dat Petronas Sloanea Petrobras Flexibles [multiple fields] Petrobras Atapu 2 bp Tiber Eni Northern Hub (Previously $500m to $1,000m) bp Guadalupe Eni Coral North Petronas Kelidang Eni Maha Chevron Gorgon Stage 3 Chevron Gorgon Stage 4 Azule Greater PAJ Petronas Megah Phase 1 Equinor Bacalhau Phase 2 Vår Energi Gjøa Nord/Ofelia (Previously above $1,000m) $22.4 $22.3 $25.5 $26.0 $26.5 $26.9 $27.8 $29.0 $0 $5 $10 $15 $20 $25 $30 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Subsea opportunities in the next 24 months Combined value, in billions* Other project updates: 1) Petrobras Brownfields previously identified as Revitalization Fields 2) TotalEnergies Cominhos East previously identified as ACCE
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10 (95) (188) (16) 877 454 1,032 Cash and cash equivalents at Sep. 30, 2025 Cash flow from operating activities Capital expenditures Shareholder distributions All other Cash and cash equivalents at Dec. 31, 2025 (in $ millions) Net Cash (In millions, unaudited) December 31, 2025 $ 1,032 Cash and cash equivalents (34) Short-term debt and current portion of long-term debt (396)Long-term debt, less current portion $ 602Net cash Q4 2025 Cash flow and net cash Free cash flow $359M
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11 2026 $6.0B 2027 $4.4B 2028+ $5.5B $15.9 billion Subsea1 as of December 31, 2025 1 Backlog does not capture all revenue potential for Subsea Services 2026 $404M 2027+ $296M $700 million Surface Technologies as of December 31, 2025 Backlog scheduling provides visibility
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Appendix
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13 Term Definition iFEED® integrated Front-End Engineering and Design iLOF integrated Life of Field LNG Liquefied natural gas MMb/d Million barrels per day Mtpa Million metric ton per annum NAM North America PSI Pounds per square inch ROV Remotely operated vehicle Glossary Term Definition CCS Carbon capture and storage CTO Configure-to-Order ESG Environmental, social, and governance FID Final investment decision F/X Foreign exchange HPHT High-pressure, high-temperature HSE Health, safety, and environment iEPCI integrated Engineering, Procurement, Construction, and Installation 13
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14 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data, unaudited) In addition to financial results determined in acco rdance with U.S. generally accepted accounting principles (GAAP), the third quarter 2025 Earnin gs Release also includes non-GAAP financial measures (as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended) and describes performance on a year-over-year or sequential basis. Net in come attributable to TechnipF MC plc, excluding charges and credits, as well as measures derived from it (includi ng Diluted EPS, excluding charges and credits; Ea rnings before net interest expense, income tax es, depreciation and amortization, excluding charges and credits (“Adjusted EBITDA”); and Adjusted EBITDA, excluding foreign exchange gain s or losses, net; Adjusted EBITDA margin; Adjusted EBITDA margin, exclud ing foreign exchange, net); Corporate expense, net; Foreign exchange, net and other, excluding charges and credits; net cash (debt); and free cash flow are non-GAAP financial measures. Non-GAAP adjustments are presented on a gross basis and the tax impact of the non-GAAP adjustments is separately presented in the applicable reconcil iation table. Estimates of the tax effect of each adjustment is calculated item by item, by reviewing the relevant jurisdictional tax rate to the pretax non-GAAP amounts, analyzing the nature of the item and/or the tax jurisdiction in which the item has been recorded, the need of application of a specific tax rate, history of non-GAAP taxable income positions (i.e. net operating loss carryforwards) and concluding on the valuation allowance positions. Management believes that the exclusion of charges, credits and foreign ex change impacts from these financial measures provides a useful perspectiv e on the Company’s underlying business results and operating trends, and a means to evaluate TechnipFMC’s operations and consolidated results of operations period-over-period. These measures are also used by managem ent as performance measures in determining certain incentive compensation. The foregoing non-GAAP financial measures should be consid ered by investors in addition to, not as a substitute for or superior to, oth er measures of financial performance prepared in accordance with GAAP. The following is a reconciliation of the most comparable financial measures under GAAP to the non-GAAP financial measures. Exhibit 6 14 Year EndedThree Months Ended December 31, 2024 December 31, 2025 December 31, 2024 September 30, 2025 December 31, 2025 $ 842.9$ 963.9$ 224.7$ 309.7$ 242.7Net income attributable to TechnipFMC plc Charges and (credits): 25.872.814.63.152.1Restructuring, impairment and other charges (71.3)—3.9—— Net (gain) loss on disposal of Measurement Solutions business 5.8(9.7)(7.0)(0.7)(8.3)Tax on charges and (credits) (39.7)63.111.52.443.8Total charges and (credits) $ 803.2$ 1,027.0$ 236.2$ 312.1$ 286.5 Adjusted net income attributable to TechnipFMC plc 440.5419.7435.8415.7409.7Weighted diluted average shares outstanding $ 1.91$ 2.30$ 0.52$ 0.75$ 0.59Reported earnings per share - diluted $ 1.82$ 2.45$ 0.54$ 0.75$ 0.70Adjusted earnings per share - diluted
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15 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 7 15 Year EndedThree Months Ended December 31, 2024 December 31, 2025 December 31, 2024 September 30, 2025 December 31, 2025 $ 842.9$ 963.9$ 224.7$ 309.7$ 242.7Net income attributable to TechnipFMC plc 12.43.25.01.21.9 Income attributable to non-controlling interests 85.1302.9(17.8)76.133.3Provision (benefit) for income tax 63.539.513.510.64.6Net interest expense 392.7441.8107.1118.2105.9Depreciation and amortization 25.872.814.63.152.1Restructuring, impairment and other charges (71.3)—3.9—— Net (gain) loss on disposal of Measurement Solutions business $ 1,351.1$ 1,824.1$ 351.0$ 518.9$ 440.5Adjusted EBITDA 28.511.73.212.5(0.9)Foreign exchange, net $ 1,379.6$ 1,835.8$ 354.2$ 531.4$ 439.6 Adjusted EBITDA, excluding foreign exchange, net
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16 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 8 16 Three Months Ended December 31, 2025 Total Foreign Exchange, net Corporate Expense Surface TechnologiesSubsea $ 2,517.0$—$—$ 322.8$ 2,194.2Revenue $ 282.5$ 0.9$ (34.6)$ 46.3$ 269.9Operating profit (loss), as reported (pre-tax) Charges and (credits): 52.1—0.3(0.2)52.0Restructuring, impairment and other charges 52.1—0.3(0.2)52.0Subtotal 105.9—0.112.193.7Depreciation and amortization $ 440.5$ 0.9$ (34.2)$ 58.2$ 415.6Adjusted EBITDA (0.9)(0.9)———Foreign exchange, net $ 439.6$—$ (34.2)$ 58.2$ 415.6Adjusted EBITDA, excluding foreign exchange, net 11.2%14.3%12.3%Operating profit margin, as reported 17.5%18.0%18.9%Adjusted EBITDA margin 17.5%18.0%18.9%Adjusted EBITDA margin, excluding foreign exchange, net
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17 Three Months Ended September 30, 2025 Total Foreign Exchange, net Corporate Expense Surface TechnologiesSubsea $ 2,647.3$—$—$ 328.1$ 2,319.2Revenue $ 397.6$ (12.5)$ (28.0)$ 36.8$ 401.3Operating profit (loss), as reported (pre-tax) Charges and (credits): 3.1——1.31.8Restructuring, impairment and other charges 3.1——1.31.8Subtotal 118.2——15.7102.5Depreciation and amortization $ 518.9$ (12.5)$ (28.0)$ 53.8$ 505.6Adjusted EBITDA 12.512.5———Foreign exchange, net $ 531.4$—$ (28.0)$ 53.8$ 505.6Adjusted EBITDA, excluding foreign exchange, net 15.0%11.2%17.3%Operating profit margin, as reported 19.6%16.4%21.8%Adjusted EBITDA margin 20.1%16.4%21.8%Adjusted EBITDA margin, excluding foreign exchange, net TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 8 17
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18 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 8 18 Three Months Ended December 31, 2024 Total Foreign Exchange, net Corporate Expense Surface TechnologiesSubsea $ 2,367.3$—$—$ 319.4$ 2,047.9Revenue $ 225.4$ (3.2)$ (37.9)$ 36.5$ 230.0Operating profit (loss), as reported (pre-tax) Charges and (credits): 14.6—(0.4)1.913.1Restructuring, impairment and other charges 3.9——3.9—Loss on disposal of Measurement Solutions business 18.5—(0.4)5.813.1Subtotal 107.1—0.411.295.5Depreciation and amortization $ 351.0$ (3.2)$ (37.9)$ 53.5$ 338.6Adjusted EBITDA 3.23.2———Foreign exchange, net $ 354.2$—$ (37.9)$ 53.5$ 338.6Adjusted EBITDA, excluding foreign exchange, net 9.5%11.4%11.2%Operating profit margin, as reported 14.8%16.8%16.5%Adjusted EBITDA margin 15.0%16.8%16.5%Adjusted EBITDA margin, excluding foreign exchange, net
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19 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 9 19 Year Ended December 31, 2025 Total Foreign Exchange, net Corporate Expense Surface TechnologiesSubsea $ 9,932.6$—$—$ 1,266.7$ 8,665.9Revenue $ 1,309.5$ (11.7)$ (114.9)$ 136.7$ 1,299.4Operating profit (loss), as reported (pre-tax) Charges and (credits): 72.8—0.320.152.4Restructuring, impairment and other charges 72.8—0.320.152.4Subtotal 441.8—0.454.2387.2Depreciation and amortization $ 1,824.1$ (11.7)$ (114.2)$ 211.0$ 1,739.0Adjusted EBITDA 11.711.7———Foreign exchange, net $ 1,835.8$—$ (114.2)$ 211.0$ 1,739.0Adjusted EBITDA, excluding foreign exchange, net 13.2%10.8%15.0%Operating profit margin, as reported 18.4%16.7%20.1%Adjusted EBITDA margin 18.5%16.7%20.1%Adjusted EBITDA margin, excluding foreign exchange, net
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20 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 9 20 Year Ended December 31, 2024 Total Foreign Exchange, net Corporate Expense Surface TechnologiesSubsea $ 9,083.3$—$—$ 1,263.4$ 7,819.9Revenue $ 1,003.9$ (28.5)$ (124.9)$ 204.2$ 953.1Operating profit (loss), as reported (pre-tax) Charges and (credits): 25.8—4.88.112.9Restructuring, impairment and other charges (71.3)——(71.3)—Gain on disposal of Measurement Solutions business (45.5)—4.8(63.2)12.9Subtotal 392.7—1.249.0342.5Depreciation and amortization $ 1,351.1$ (28.5)$ (118.9)$ 190.0$ 1,308.5Adjusted EBITDA 28.528.5———Foreign exchange, net $ 1,379.6$—$ (118.9)$ 190.0$ 1,308.5Adjusted EBITDA, excluding foreign exchange, net 11.1%16.2%12.2%Operating profit margin, as reported 14.9%15.0%16.7%Adjusted EBITDA margin 15.2%15.0%16.7%Adjusted EBITDA margin, excluding foreign exchange, net
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21 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Net cash (debt) is a non-GAAP financial measure reflecting cash and cash equiv alents, net of debt. Management use s this non-GAAP financial measure to evaluate our capital structure and financial leverage. We believe net cash is a meaningful fina ncial measure that may assist investors in understanding our financial con dition and recognizing underlying trends in our capital structure. Net cash should not be considered an alternative to, or more meaningful than, cash and cash equivalents as determined in accordance with U.S. GAAP or as an indicator of our operating performance or liquidity. Exhibit 10 21 December 31, 2024September 30, 2025 December 31, 2025 $ 1,157.7$ 876.6$ 1,031.9Cash and cash equivalents (277.9)(33.6)(34.3)Short-term debt and current portion of long-term debt (607.3)(404.4)(395.7)Long-term debt, less current portion $ 272.5$ 438.6$ 601.9Net cash
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22 TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Exhibit 11 Free cash flow, is a non-GAAP financial measure and is defined as cash provided by operating activ ities less capital expenditures. Management uses this non-GAAP financial measure to evaluate our financial condition. We believe free cash flow is a meaningful financial measure that may assist investors in understanding our financial condition and results of operations.. 22 Year Ended December 31, Three Months Ended December 31, 202420252025 $ 961.0$ 1,764.6$ 453.6Cash provided by operating activities (281.6)(317.2)(94.5)Capital expenditures $ 679.4$ 1,447.4$ 359.1Free cash flow