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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows – and (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| (Amounts in thousands) | Nine Months Ended September 30, | |
|---|---|---|
| 2025 | 2024 | |
| Cash flows — Operating activities: | ||
| Net earnings, including noncontrolling interests | $391,539 | $217,716 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | ||
| Depreciation | 58,685 | 56,765 |
| Amortization of intangible and other assets | 14,009 | 6,482 |
| Loss on sale of business | — | 12,981 |
| Stock-based compensation | 25,787 | 24,608 |
| Foreign currency, asset write downs and other non-cash adjustments | (3,326) | 11,580 |
| Change in assets and liabilities: | ||
| Accounts receivable, net | (26,081) | (96,402) |
| Inventories | 26,727 | 2,944 |
| Contract assets, net | (35,157) | (23,293) |
| Prepaid expenses and other assets, net | (7,362) | 3,505 |
| Accounts payable | 31,158 | 24,654 |
| Contract liabilities | (17,857) | 8,466 |
| Accrued liabilities | (30,488) | (33,850) |
| Retirement obligations and other liabilities | 31,900 | 8,696 |
| Net deferred taxes | 46,524 | 3,108 |
| Net cash flows provided by operating activities | 506,058 | 227,960 |
| Cash flows — Investing activities: | ||
| Capital expenditures | (45,534) | (52,169) |
| Proceeds from disposal of assets | 1,067 | 612 |
| Payments for disposition of business | — | (2,555) |
| Net cash flows (used) by investing activities | (44,467) | (54,112) |
| Cash flows — Financing activities: | ||
| Payments on term loan | (28,125) | (45,000) |
| Proceeds under revolving credit facility | 50,000 | 100,000 |
| Payments under revolving credit facility | (50,000) | (50,000) |
| Proceeds under other financing arrangements | 10,562 | 1,001 |
| Payments under other financing arrangements | (3,310) | (784) |
| Repurchases of common shares | (197,920) | (20,070) |
| Payments related to tax withholding for stock-based compensation | (11,584) | (9,407) |
| Payments of dividends | (82,671) | (82,848) |
| Contingent consideration payment related to acquired business | (15,000) | — |
| Other | (2,899) | (272) |
| Net cash flows (used) by financing activities | (330,947) | (107,380) |
| Effect of exchange rate changes on cash and cash equivalents | 27,762 | (401) |
| Net change in cash and cash equivalents | 158,406 | 66,067 |
| Cash and cash equivalents at beginning of period | 675,441 | 545,678 |
| Cash and cash equivalents at end of period | $833,847 | $611,745 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.