XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 659,305 $ 1,095,274
Accounts receivable, net of allowance for expected credit losses of $73,829 and $75,176, respectively 730,481 753,462
Contract assets, net of allowance for expected credit losses of $3,139 and $3,205, respectively 274,187 277,734
Inventories, net 672,123 667,228
Prepaid expenses and other 112,867 110,635
Total current assets 2,448,963 2,904,333
Property, plant and equipment, net of accumulated depreciation of $1,087,994 and $1,093,348, respectively 534,899 556,873
Operating lease right-of-use assets, net 200,306 208,125
Goodwill 1,209,119 1,224,886
Deferred taxes 33,684 30,538
Other intangible assets, net 163,236 168,496
Other assets, net of allowance for expected credit losses of $66,783 and $67,842, respectively 219,431 221,426
Total assets 4,809,638 5,314,677
Current liabilities:    
Accounts payable 386,210 440,199
Accrued liabilities 453,595 463,222
Contract liabilities 199,538 194,227
Debt due within one year 8,342 8,995
Operating lease liabilities 36,046 34,990
Total current liabilities 1,083,731 1,141,633
Long-term debt due after one year 1,307,579 1,717,911
Operating lease liabilities 168,572 176,246
Retirement obligations and other liabilities 507,970 517,566
Commitments and contingencies (See Note 11)
Shareholders’ equity:    
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 220,991 220,991
Capital in excess of par value 488,906 502,227
Retained earnings 3,658,158 3,670,543
Treasury shares, at cost – 46,496 and 46,768 shares, respectively (2,045,937) (2,059,309)
Deferred compensation obligation 6,114 6,164
Accumulated other comprehensive loss (616,200) (609,625)
Total Flowserve Corporation shareholders’ equity 1,712,032 1,730,991
Noncontrolling interests 29,754 30,330
Total equity 1,741,786 1,761,321
Total liabilities and equity $ 4,809,638 $ 5,314,677