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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,095,274 $ 670,980
Accounts receivable, net 753,462 795,538
Contract assets, net 277,734 272,914
Inventories, net 667,228 660,837
Prepaid expenses and other 110,635 106,478
Total current assets 2,904,333 2,506,747
Property, plant and equipment, net 556,873 563,564
Operating lease right-of-use assets, net 208,125 186,218
Goodwill 1,224,886 1,193,010
Deferred taxes 30,538 54,879
Other intangible assets, net 168,496 180,805
Other assets, net 221,426 253,054
Total assets 5,314,677 4,938,277
Current liabilities:    
Accounts payable 440,199 447,582
Accrued liabilities 463,222 401,385
Contract liabilities 194,227 221,095
Debt due within one year 8,995 11,272
Operating lease liabilities 34,990 36,108
Total current liabilities 1,141,633 1,117,442
Long-term debt due after one year 1,717,911 1,365,977
Operating lease liabilities 176,246 151,523
Retirement obligations and other liabilities 516,087 530,994
Commitments and contingencies (See Note 16)
Shareholders’ equity:    
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 and 176,793, respectively 220,991 220,991
Capital in excess of par value 502,227 501,045
Retained earnings 3,656,449 3,652,244
Treasury shares, at cost — 46,768 and 46,262 shares, respectively (2,059,309) (2,051,583)
Deferred compensation obligation 6,164 8,334
Accumulated other comprehensive loss (594,052) (584,292)
Total Flowserve Corporation shareholders’ equity 1,732,470 1,746,739
Noncontrolling interests 30,330 25,602
Total equity 1,762,800 1,772,341
Total liabilities and equity $ 5,314,677 $ 4,938,277