Flowserve Corporation (FLS) financial statements (2020 and earlier)

Company profile

Business Address 5215 N. O'CONNOR BLVD.
IRVING, TX 75039
State of Incorp. NY
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments547620703367366450
Cash and cash equivalents547620703367366450
Receivables7897928578839881,082
Inventory, net of allowances, customer advances and progress billings687634884898996766
Inventory687634884898996996
Progress payments netted against inventory for long-term contracts or programs     (230)
Other current assets     266
Other undisclosed current assets372337114150281230
Total current assets:2,3962,3832,5592,2982,6322,794
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset182
Property, plant and equipment576610672725758694
Intangible assets, net (including goodwill)1,3601,3881,4281,4201,4531,214
Goodwill1,1781,1981,2181,2051,2241,067
Intangible assets, net (excluding goodwill)182191210215229146
Other noncurrent assets206190200183235235
Other undisclosed noncurrent assets334552842631
Total noncurrent assets:2,3692,2332,3522,4112,4722,174
TOTAL ASSETS:4,7644,6164,9104,7095,1044,968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7848101,1671,0931,2881,686
Accounts payable398419443412491612
Accrued liabilities386391724681797794
Employee-related liabilities     226
Taxes payable     54
Deferred revenue220
Debt106876856053
Billings in excess of cost   22
Deferred tax liabilities   1113
Customer advances and deposits   304
Contract with customer, liability202
Other liabilities     106
Other undisclosed current liabilities35    (712)
Total current liabilities:1,0481,0811,2431,1781,3601,472
Noncurrent Liabilities
Long-term debt and lease obligation1,5041,4151,5001,4851,5711,102
Long-term debt, excluding current maturities1,3501,4151,5001,4851,5711,102
Finance lease, liability7
Operating lease, liability147
Liabilities, other than long-term debt 460497408489453
Deferred tax liabilities, net15915620141119
Liability for uncertainty in income taxes 5873947369
Liability, pension and other postretirement and postemployment benefits 183204217203195
Accrued environmental loss contingencies 2226332728
Other liabilities 3838454641
Other undisclosed noncurrent liabilities442     
Total noncurrent liabilities:1,9461,8751,9971,8932,0601,554
Total liabilities:2,9952,9553,2403,0723,4203,026
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7441,6421,6551,6161,6661,932
Common stock221221221221221221
Treasury stock, value(2,042)(2,049)(2,060)(2,079)(2,107)(1,831)
Additional paid in capital500495488492495496
Deferred compensation equity    1011
Accumulated other comprehensive loss(594)(574)(505)(625)(540)(380)
Retained earnings3,6513,5433,5043,5983,5873,416
Other undisclosed stockholders' equity attributable to parent8769  
Stockholders' equity attributable to noncontrolling interest251816211710
Total stockholders' equity:1,7701,6611,6711,6371,6841,942
TOTAL LIABILITIES AND EQUITY:4,7644,6164,9104,7095,1044,968

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,8643,8333,6613,9904,5614,880
Revenue, net3,6613,9904,5614,878
Cost of revenue
(Cost of Goods and Services Sold)
(2,596)(2,645)(2,575)(2,759)(3,074)(3,163)
Other undisclosed gross profit     (2)
Gross profit:1,2681,1881,0851,2311,4871,715
Operating expenses(887)(951)(763)(976)(972)(994)
Other undisclosed operating income111113131070
Operating income:392248335268526790
Nonoperating income (expense)(47)(56)(49)10(113)(37)
Foreign currency transaction gain (loss), before tax(36)(36)(33)8(73)(39)
Other nonoperating income (expense)(10)(20)(16)2(40)2
Interest and debt expense(57)(58)(60)(60)(65)(60)
Other undisclosed income from continuing operations before equity method investments, income taxes     40
Income from continuing operations before equity method investments, income taxes:289134226218347733
Income from equity method investments111113131012
Income from continuing operations before income taxes:300145239231357745
Income tax expense(79)(51)(259)(77)(149)(208)
Income (loss) before gain (loss) on sale of properties:22194(20)154208537
Other undisclosed net income (loss)343124(18)65(12)
Net income:2551254136273525
Net loss attributable to noncontrolling interest(8)(5)(2)(3)(6)(6)
Net income attributable to parent:2471203132268519
Other undisclosed net income available to common stockholders, basic   000
Net income available to common stockholders, diluted:2471203132268519

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2551254136273525
Other comprehensive income (loss)(34)(68)120(86)(158)(159)
Comprehensive income:2215712450115366
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(6)(2)(4)(7)(6)
Comprehensive income, net of tax, attributable to parent:2135112246108360

Statements sources

The financial statements are based on the company's filings with the 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.

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