FLOWSERVE CORP
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
FLS$85.66-0.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets – and December 31, (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Amounts in thousands, except par value) | September 30, | December 31, |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $833,847 | $675,441 |
| Accounts receivable, net of allowance for expected credit losses of $89,606 and $79,059, respectively | 1,049,798 | 976,739 |
| Contract assets, net of allowance for expected credit losses of $4,915 and $3,404, respectively | 344,446 | 298,906 |
| Inventories | 847,732 | 837,254 |
| Prepaid expenses and other | 89,002 | 116,157 |
| Total current assets | 3,164,825 | 2,904,497 |
| Property, plant, and equipment, net of accumulated depreciation of $1,219,158 and $1,142,667, respectively | 557,677 | 539,703 |
| Operating lease right-of-use asset, net | 170,075 | 159,400 |
| Goodwill | 1,343,417 | 1,286,295 |
| Deferred taxes | 185,116 | 221,742 |
| Other intangible assets, net | 177,533 | 188,604 |
| Other assets, net of allowance for expected credit losses of $66,152 and $66,081, respectively | 231,671 | 200,580 |
| Total assets | $5,830,314 | $5,500,821 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $600,927 | $545,310 |
| Accrued liabilities | 542,705 | 561,486 |
| Contract liabilities | 279,760 | 283,670 |
| Debt due within one year | 46,350 | 44,059 |
| Operating lease liabilities | 35,085 | 33,559 |
| Total current liabilities | 1,504,827 | 1,468,084 |
| Long-term debt due after one year | 1,435,568 | 1,460,132 |
| Operating lease liabilities | 154,148 | 149,838 |
| Retirement obligations and other liabilities | 411,337 | 371,055 |
| Contingencies (See Note 12) | ||
| Shareholders’ equity: | ||
| Preferred shares, $1.00 par value | — | — |
| Shares authorized — 1,000, no shares issued | ||
| Common shares, $1.25 par value | 220,991 | 220,991 |
| Shares issued — 176,793 and 176,793, respectively | ||
| Capital in excess of par value | 496,356 | 502,045 |
| Retained earnings | 4,317,965 | 4,025,750 |
| Treasury shares, at cost — 48,817 and 45,688 shares, respectively | (2,180,651) | (2,007,869) |
| Deferred compensation obligation | 6,526 | 8,172 |
| Accumulated other comprehensive loss | (596,990) | (741,424) |
| Total Flowserve Corporation shareholders' equity | 2,264,197 | 2,007,665 |
| Noncontrolling interests | 60,237 | 44,047 |
| Total equity | 2,324,434 | 2,051,712 |
| Total liabilities and equity | $5,830,314 | $5,500,821 |
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