FLOWSERVE CORP
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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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.
Mar 31, 2026 · Filed Apr 29, 2026
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) | March 31, | December 31, |
|---|---|---|
| 2026 | 2025 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $792,354 | $760,183 |
| Accounts receivable, net of allowance for expected credit losses of $84,394 and $83,094, respectively | 958,985 | 1,029,095 |
| Contract assets, net of allowance for expected credit losses of $6,331 and $6,028, respectively | 357,487 | 322,472 |
| Inventories | 809,583 | 789,898 |
| Prepaid expenses and other | 136,204 | 141,237 |
| Total current assets | 3,054,613 | 3,042,885 |
| Property, plant, and equipment, net of accumulated depreciation of $1,219,307 and $1,224,912, respectively | 559,223 | 566,751 |
| Operating lease right-of-use asset, net | 165,222 | 166,031 |
| Goodwill | 1,381,437 | 1,391,988 |
| Deferred taxes | 156,422 | 156,250 |
| Other intangible assets, net | 194,442 | 198,475 |
| Other assets, net of allowance for expected credit losses of $66,091 and $66,047, respectively | 221,801 | 185,820 |
| Total assets | $5,733,160 | $5,708,200 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $520,392 | $554,243 |
| Accrued liabilities | 499,611 | 587,475 |
| Contract liabilities | 269,165 | 274,669 |
| Debt due within one year | 52,972 | 49,868 |
| Operating lease liabilities | 35,466 | 35,630 |
| Total current liabilities | 1,377,606 | 1,501,885 |
| Long-term debt due after one year | 1,662,000 | 1,525,210 |
| Operating lease liabilities | 139,887 | 149,565 |
| Retirement obligations and other liabilities | 273,415 | 277,216 |
| 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 | 486,518 | 508,890 |
| Retained earnings | 4,315,243 | 4,261,977 |
| Treasury shares, at cost — 49,215 and 49,763 shares, respectively | (2,218,764) | (2,231,685) |
| Deferred compensation obligation | 6,676 | 6,629 |
| Accumulated other comprehensive loss | (598,359) | (575,405) |
| Total Flowserve Corporation shareholders' equity | 2,212,305 | 2,191,397 |
| Noncontrolling interests | 67,947 | 62,927 |
| Total equity | 2,280,252 | 2,254,324 |
| Total liabilities and equity | $5,733,160 | $5,708,200 |
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
| Total Flowserve Corporation Shareholders' Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Capitalin Excess of Par Value · Retained Earnings · Deferred Compensation Obligation · AccumulatedOther Comprehensive Income (Loss) · Total Equity | ||||||||||
| Common Stock · Treasury Stock · Non-controlling Interests | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| (Amounts in thousands) | ||||||||||
| Balance - January 1, 2026 | 176,793 | $220,991 | $508,890 | $4,261,977 | (49,763) | $(2,231,685) | $6,629 | $(575,405) | $62,927 | $2,254,324 |
| Stock activity under stock plans | — | — | (33,088) | — | 548 | 12,921 | 47 | — | — | (20,120) |
| Stock-based compensation | — | — | 10,716 | — | — | — | — | — | — | 10,716 |
| Net earnings | — | — | — | 81,681 | — | — | — | — | 4,688 | 86,369 |
| Cash dividends declared ($0.22 per share) | — | — | — | (28,415) | — | — | — | — | — | (28,415) |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | — | (22,954) | (197) | (23,151) |
| Other, net | — | — | — | — | — | — | — | — | 529 | 529 |
| Balance - March 31, 2026 | 176,793 | $220,991 | $486,518 | $4,315,243 | (49,215) | $(2,218,764) | $6,676 | $(598,359) | $67,947 | $2,280,252 |
| Balance - January 1, 2025 | 176,793 | $220,991 | $502,045 | $4,025,750 | (45,688) | $(2,007,869) | $8,172 | $(741,424) | $44,047 | $2,051,712 |
| Stock activity under stock plans | — | — | (28,172) | — | 499 | 18,912 | (58) | — | — | (9,318) |
| Stock-based compensation | — | — | 8,656 | — | — | — | — | — | — | 8,656 |
| Net earnings | — | — | — | 73,905 | — | — | — | — | 5,552 | 79,457 |
| Cash dividends declared ($0.21 per share) | — | — | — | (27,945) | — | — | — | — | — | (27,945) |
| Repurchases of common shares | — | — | — | — | (427) | (21,088) | — | — | — | (21,088) |
| Other comprehensive income income, net of tax | — | — | — | — | — | — | — | 47,896 | 33 | 47,929 |
| Other, net | — | — | — | — | — | — | — | — | (138) | (138) |
| Balance - March 31, 2025 | 176,793 | $220,991 | $482,529 | $4,071,710 | (45,616) | $(2,010,045) | $8,114 | $(693,528) | $49,494 | $2,129,265 |
| See accompanying notes to condensed consolidated financial statements. | ||||||||||
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