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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,457,269 $ 1,095,274
Accounts receivable, net of allowance for expected credit losses of $75,966 and $75,176, respectively 710,782 753,462
Contract assets, net of allowance for expected credit losses of $2,778 and $3,205, respectively 235,917 277,734
Inventories, net 698,046 667,228
Prepaid expenses and other 121,209 110,635
Total current assets 3,223,223 2,904,333
Property, plant and equipment, net of accumulated depreciation of $1,117,487 and $1,093,348, respectively 513,168 556,873
Operating lease right-of-use assets, net 194,306 208,125
Goodwill 1,202,598 1,224,886
Deferred taxes 57,849 30,538
Other intangible assets, net 155,994 168,496
Other assets, net of allowance for expected credit losses of $67,697 and $67,842, respectively 248,778 221,426
Total assets 5,595,916 5,314,677
Current liabilities:    
Accounts payable 370,977 440,199
Accrued liabilities 468,153 463,222
Contract liabilities 199,103 194,227
Debt due within one year 836,618 8,995
Operating lease liabilities 34,034 34,990
Total current liabilities 1,908,885 1,141,633
Long-term debt due after one year 1,272,246 1,717,911
Operating lease liabilities 165,588 176,246
Retirement obligations and other liabilities 457,964 517,566
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 501,122 502,227
Retained earnings 3,700,507 3,670,543
Treasury shares, at cost – 46,804 and 46,768 shares, respectively (2,058,168) (2,059,309)
Deferred compensation obligation 7,145 6,164
Accumulated other comprehensive loss (612,093) (609,625)
Total Flowserve Corporation shareholders’ equity 1,759,504 1,730,991
Noncontrolling interests 31,729 30,330
Total equity 1,791,233 1,761,321
Total liabilities and equity $ 5,595,916 $ 5,314,677