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
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) | Three Months Ended March 31, | |
|---|---|---|
| 2026 | 2025 | |
| Cash flows — Operating activities: | ||
| Net earnings, including noncontrolling interests | $86,369 | $79,457 |
| Adjustments to reconcile net earnings to net cash (used) provided by operating activities | ||
| Depreciation | 20,329 | 18,831 |
| Amortization of intangible and other assets | 3,731 | 5,571 |
| Stock-based compensation | 10,716 | 8,656 |
| Foreign currency, asset write downs and other non-cash adjustments | (14,525) | (7,350) |
| Change in assets and liabilities: | ||
| Accounts receivable, net | 63,517 | (50,679) |
| Inventories | (24,604) | 8,804 |
| Contract assets, net | (38,454) | (9,447) |
| Prepaid expenses and other assets, net | (8,940) | 6,669 |
| Accounts payable | (32,385) | (16,861) |
| Contract liabilities | (3,722) | (3,648) |
| Accrued liabilities | (110,074) | (89,467) |
| Retirement obligations and other liabilities | 5,027 | (5,448) |
| Net deferred taxes | (65) | 4,978 |
| Net cash flows (used) by operating activities | (43,080) | (49,934) |
| Cash flows — Investing activities: | ||
| Capital expenditures | (16,899) | (11,738) |
| Proceeds from disposal of assets | 9,719 | 462 |
| Net cash flows (used) by investing activities | (7,180) | (11,276) |
| Cash flows — Financing activities: | ||
| Payments on term loan | (9,375) | (9,375) |
| Proceeds under revolving credit facility | 150,000 | — |
| Proceeds under other financing arrangements | 391 | 150 |
| Payments under other financing arrangements | (2,610) | (101) |
| Repurchases of common shares | — | (21,088) |
| Payments related to tax withholding for stock-based compensation | (22,635) | (11,063) |
| Payments of dividends | (26,722) | (27,617) |
| Contingent consideration payment related to acquired business | — | (15,000) |
| Other | (529) | (138) |
| Net cash flows (used) provided by financing activities | 88,520 | (84,232) |
| Effect of exchange rate changes on cash and cash equivalents | (6,089) | 10,805 |
| Net change in cash and cash equivalents | 32,171 | (134,637) |
| Cash and cash equivalents at beginning of period | 760,183 | 675,441 |
| Cash and cash equivalents at end of period | $792,354 | $540,804 |
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