XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Sales $ 3,728,134 $ 3,939,697 $ 3,835,699
Cost of sales (2,611,365) (2,650,354) (2,644,830)
Gross profit 1,116,769 1,289,343 1,190,869
Selling, general and administrative expense (878,245) (913,203) (966,584)
Loss on sale of business 0 0 (7,727)
Net earnings from affiliates 11,753 10,483 11,143
Operating income 250,277 386,623 227,701
Interest expense (57,386) (54,980) (58,160)
Interest income 4,175 8,409 6,465
Other income (expense), net (10,254) (17,619) (19,569)
Earnings before income taxes 186,812 322,433 156,437
Provision for income taxes (60,031) (75,493) (46,550)
Net earnings, including noncontrolling interests 126,781 246,940 109,887
Less: Net earnings attributable to noncontrolling interests (10,455) (8,112) (5,379)
Net earnings attributable to Flowserve Corporation $ 116,326 $ 238,828 $ 104,508
Net earnings per share attributable to Flowserve Corporation common shareholders:      
Basic (in dollars per share) $ 0.89 $ 1.82 $ 0.80
Diluted (in dollars per share) $ 0.89 $ 1.81 $ 0.80