Flowserve Corporation (FLS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5215 N. O'CONNOR BLVD. IRVING, TX 75039 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3561 - Pumps and Pumping Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 546 | 435 | 658 | 1,095 | 671 | 620 | |||
| Cash and cash equivalent | 546 | 435 | 658 | 1,095 | 671 | 620 | |||
| Receivables | 882 | 869 | 739 | 753 | 796 | 792 | |||
| Inventory, net of allowances, customer advances and progress billings | 880 | 803 | 678 | 667 | 661 | 634 | |||
| Inventory | 880 | 803 | 678 | 667 | 661 | 634 | |||
| Other undisclosed current assets | 396 | 344 | 313 | 388 | 378 | 337 | |||
| Total current assets: | 2,704 | 2,451 | 2,389 | 2,904 | 2,505 | 2,383 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 19 | 18 | 16 | 12 | ✕ | ||||
| Operating lease, right-of-use asset | 156 | 175 | 194 | 208 | 186 | ✕ | |||
| Property, plant and equipment | 557 | 572 | 610 | ||||||
| Intangible assets, net (including goodwill) | 1,304 | 1,303 | 1,349 | 1,393 | 1,374 | 1,388 | |||
| Goodwill | 1,182 | 1,168 | 1,196 | 1,225 | 1,193 | 1,198 | |||
| Intangible assets, net (excluding goodwill) | 122 | 135 | 152 | 168 | 181 | 191 | |||
| Derivative instruments and hedges | 68 | ||||||||
| Deferred income tax assets | 218 | 149 | 44 | 31 | ✕ | ||||
| Other noncurrent assets | 220 | 212 | 258 | 221 | 227 | 190 | |||
| Other undisclosed noncurrent assets | 487 | 415 | 500 | 43 | 45 | ||||
| Total noncurrent assets: | 2,405 | 2,340 | 2,361 | 2,410 | 2,414 | 2,233 | |||
| TOTAL ASSETS: | 5,109 | 4,791 | 4,750 | 5,315 | 4,920 | 4,616 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,052 | 904 | 855 | 903 | 849 | 810 | |||
| Accounts payable | 548 | 477 | 410 | 440 | 448 | 419 | |||
| Accrued liabilities | 504 | 428 | 445 | 463 | 401 | 391 | |||
| Deferred revenue | 288 | 257 | 203 | 194 | 217 | ✕ | |||
| Debt | 66 | 49 | 41 | 9 | 11 | 68 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 202 | ||
| Other undisclosed current liabilities | 32 | 33 | 33 | 35 | 36 | ||||
| Total current liabilities: | 1,439 | 1,243 | 1,132 | 1,142 | 1,113 | 1,081 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,167 | 1,224 | 1,429 | 1,894 | 1,525 | 1,415 | |||
| Long-term debt, excluding current maturities | 1,167 | 1,224 | 1,262 | 1,718 | 1,366 | 1,415 | |||
| Finance lease, liability | 7 | ✕ | |||||||
| Liabilities, other than long-term debt | 528 | 465 | 310 | 460 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 159 | ||
| Deferred income tax liabilities | 1 | 8 | ✕ | ||||||
| Liability for uncertainty in income taxes | 52 | 38 | 42 | 58 | |||||
| Liability, pension and other postretirement and postemployment benefits | 203 | 142 | 200 | 183 | |||||
| Accrued environmental loss contingencies | 94 | 90 | 29 | 22 | |||||
| Other liabilities | 40 | 32 | 40 | 38 | |||||
| Operating lease, liability | 139 | 155 | 167 | 176 | 152 | ✕ | |||
| Other undisclosed noncurrent liabilities | 185 | 340 | 156 | ||||||
| Total noncurrent liabilities: | 1,695 | 1,689 | 1,781 | 2,410 | 1,991 | 1,875 | |||
| Total liabilities: | 3,134 | 2,932 | 2,912 | 3,552 | 3,104 | 2,955 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,936 | 1,825 | 1,804 | 1,732 | 1,790 | 1,642 | |||
| Common stock | 221 | 221 | 221 | 221 | 221 | 221 | |||
| Treasury stock, value | (2,014) | (2,037) | (2,058) | (2,059) | (2,052) | (2,049) | |||
| Additional paid in capital | 507 | 507 | 506 | 502 | 501 | 495 | |||
| Accumulated other comprehensive loss | (640) | (648) | (564) | (594) | (584) | (574) | |||
| Retained earnings | 3,855 | 3,774 | 3,691 | 3,656 | 3,696 | 3,543 | |||
| Other undisclosed equity, attributable to parent | 8 | 7 | 7 | 6 | 8 | 7 | |||
| Equity, attributable to noncontrolling interest | 39 | 34 | 33 | 30 | 26 | 18 | |||
| Total equity: | 1,975 | 1,859 | 1,837 | 1,763 | 1,816 | 1,661 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,109 | 4,791 | 4,750 | 5,315 | 4,920 | 4,616 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,321 | 3,615 | 3,541 | 3,728 | 3,945 | 3,833 | ||
| Cost of revenue (Cost of Product and Service Sold) | (3,044) | (2,621) | (2,491) | (2,611) | (2,649) | (2,645) | ||
| Gross profit: | 1,277 | 994 | 1,050 | 1,117 | 1,295 | 1,188 | ||
| Operating expenses | (961) | (816) | (795) | (878) | (900) | (951) | ||
| Other undisclosed operating income | 18 | 18 | 16 | 12 | 10 | 11 | ||
| Operating income: | 334 | 197 | 271 | 250 | 406 | 248 | ||
| Nonoperating income (expense) | (33) | 27 | (66) | (31) | (6) | (56) | ||
| Gain (loss), foreign currency transaction, before tax | 17 | 28 | (30) | (21) | 11 | (36) | ||
| Other nonoperating expense | (50) | (1) | (36) | (10) | (18) | (20) | ||
| Interest and debt expense | (67) | (46) | (104) | (57) | (55) | (58) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 33 | 25 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 234 | 178 | 134 | 187 | 345 | 134 | ||
| Income from equity method investments | 18 | 18 | 16 | 12 | 10 | 11 | ||
| Income from continuing operations before income taxes: | 252 | 197 | 150 | 199 | 355 | 145 | ||
| Income tax expense (benefit) | (19) | 44 | 3 | (60) | (80) | (51) | ||
| Income from continuing operations: | 233 | 240 | 152 | 139 | 275 | 94 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 152 | 139 | 275 | 94 | |
| Other undisclosed net income (loss) | (28) | (42) | (16) | (12) | (13) | 31 | ||
| Net income: | 205 | 198 | 136 | 127 | 262 | 125 | ||
| Net loss attributable to noncontrolling interest | (18) | (9) | (10) | (10) | (8) | (5) | ||
| Net income available to common stockholders, diluted: | 187 | 189 | 126 | 116 | 254 | 120 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 205 | 198 | 136 | 127 | 262 | 125 | ||
| Other comprehensive income (loss) | (5) | (83) | 45 | (9) | (10) | (68) | ||
| Comprehensive income: | 201 | 115 | 181 | 118 | 252 | 57 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (6) | (11) | (9) | (11) | (9) | (6) | ||
| Comprehensive income, net of tax, attributable to parent: | 195 | 104 | 172 | 107 | 243 | 51 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.