Flowserve Corporation (FLS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,095671620703367366
Cash and cash equivalents1,095671620703367366
Receivables753796792857883988
Inventory, net of allowances, customer advances and progress billings667661634884898996
Inventory667661634884898996
Other undisclosed current assets388378337114150281
Total current assets:2,9042,5052,3832,5592,2982,632
Noncurrent Assets
Finance lease, right-of-use asset 12
Operating lease, right-of-use asset208186
Property, plant and equipment557572610672725758
Intangible assets, net (including goodwill)1,3931,3741,3881,4281,4201,453
Goodwill1,2251,1931,1981,2181,2051,224
Intangible assets, net (excluding goodwill)168181191210215229
Deferred income tax assets31 
Other noncurrent assets221227190200183235
Other undisclosed noncurrent assets 4345528426
Total noncurrent assets:2,4102,4142,2332,3522,4112,472
TOTAL ASSETS:5,3154,9204,6164,9104,7095,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9038498101,1671,0931,288
Accounts payable440448419443412491
Accrued liabilities463401391724681797
Deferred revenue194217
Debt91168768560
Deferred tax liabilities   11
Contract with customer, liability202
Other undisclosed current liabilities3536    
Total current liabilities:1,1421,1131,0811,2431,1781,360
Noncurrent Liabilities
Long-term debt and lease obligation1,8941,5251,4151,5001,4851,571
Long-term debt, excluding current maturities1,7181,3661,4151,5001,4851,571
Finance lease, liability 7
Operating lease, liability176152
Liabilities, other than long-term debt 310460497408489
Deferred tax liabilities, net15915620141
Liability for uncertainty in income taxes 4258739473
Liability, pension and other postretirement and postemployment benefits 200183204217203
Accrued environmental loss contingencies 2922263327
Other liabilities 4038384546
Other undisclosed noncurrent liabilities340156    
Total noncurrent liabilities:2,4101,9911,8751,9971,8932,060
Total liabilities:3,5523,1042,9553,2403,0723,420
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7321,7901,6421,6551,6161,666
Common stock221221221221221221
Treasury stock, value(2,059)(2,052)(2,049)(2,060)(2,079)(2,107)
Additional paid in capital502501495488492495
Deferred compensation equity     10
Accumulated other comprehensive loss(594)(584)(574)(505)(625)(540)
Retained earnings3,6563,6963,5433,5043,5983,587
Other undisclosed stockholders' equity attributable to parent68769 
Stockholders' equity attributable to noncontrolling interest302618162117
Total stockholders' equity:1,7631,8161,6611,6711,6371,684
TOTAL LIABILITIES AND EQUITY:5,3154,9204,6164,9104,7095,104

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,7283,9453,8333,6613,9904,561
Revenue, net3,6613,9904,561
Cost of revenue
(Cost of Goods and Services Sold)
(2,611)(2,649)(2,645)(2,575)(2,759)(3,074)
Gross profit:1,1171,2951,1881,0851,2311,487
Operating expenses(878)(900)(951)(763)(976)(972)
Other undisclosed operating income121011131310
Operating income:250406248335268526
Nonoperating income (expense)(31)(6)(56)(49)10(113)
Foreign currency transaction gain (loss), before tax(21)11(36)(33)8(73)
Other nonoperating income (expense)(10)(18)(20)(16)2(40)
Interest and debt expense(57)(55)(58)(60)(60)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes25     
Income from continuing operations before equity method investments, income taxes:187345134226218347
Income from equity method investments121011131310
Income from continuing operations before income taxes:199355145239231357
Income tax expense(60)(80)(51)(259)(77)(149)
Income (loss) before gain (loss) on sale of properties:13927594(20)154208
Other undisclosed net income (loss)(12)(13)3124(18)65
Net income:1272621254136273
Net loss attributable to noncontrolling interest(10)(8)(5)(2)(3)(6)
Net income attributable to parent:1162541203132268
Other undisclosed net income available to common stockholders, basic    00
Net income available to common stockholders, diluted:1162541203132268

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1272621254136273
Other comprehensive income (loss)(9)(10)(68)120(86)(158)
Comprehensive income:1182525712450115
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(9)(6)(2)(4)(7)
Comprehensive income, net of tax, attributable to parent:1072435112246108

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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