FLOWSERVE CORP
For the period ended Sep 30, 2026. Filed Oct 28, 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.
Sep 30, 2026 · Filed Oct 28, 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) | Nine Months Ended September 30, | |
|---|---|---|
| 2026 | 2025 | |
| Cash flows — Operating activities: | ||
| Net earnings, including noncontrolling interests | 295,007 | 391,539 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | ||
| Depreciation | 61,537 | 58,685 |
| Amortization of intangible and other assets | 24,750 | 14,009 |
| (Gain) on remeasurement of previously held equity interest | (27,700) | — |
| (Gain) on sale of business | (16,177) | — |
| Stock-based compensation | 30,469 | 25,787 |
| Loss on Blue Chip Swap Securities | 3,146 | — |
| Foreign currency, asset write downs and other non-cash adjustments | (5,446) | (3,326) |
| Change in assets and liabilities: | ||
| Accounts receivable, net | (28,684) | (26,081) |
| Inventories | (7,421) | 26,727 |
| Contract assets, net | (8,198) | (35,157) |
| Prepaid expenses and other assets, net | 15,698 | (7,362) |
| Accounts payable | (34,192) | 31,158 |
| Contract liabilities | 18,750 | (17,857) |
| Accrued liabilities | (60,582) | (30,488) |
| Retirement obligations and other liabilities | (5,779) | 31,900 |
| Net deferred taxes | (24,897) | 46,524 |
| Net cash flows provided by operating activities | 230,281 | 506,058 |
| Cash flows — Investing activities: | ||
| Capital expenditures | (51,056) | (45,534) |
| Payments for acquisitions, net of cash acquired | (517,735) | — |
| Proceeds from disposal of assets | 9,783 | 1,067 |
| Purchases of Blue Chip Swap Securities | (52,939) | — |
| Proceeds from Sales of Blue Chip Swap Securities | 49,793 | — |
| Proceeds from divestiture of business, net of cash divested | 34,567 | — |
| Affiliate investment activity | (3,960) | — |
| Net cash flows (used) by investing activities | (531,547) | (44,467) |
| Cash flows — Financing activities: | ||
| Proceeds from issuance of senior notes, net of discount | 499,320 | — |
| Payments on term loan | (77,875) | (28,125) |
| Proceeds from long-term debt | 74,750 | — |
| Payment of deferred loan costs | (4,893) | — |
| Proceeds under revolving credit facility | 150,000 | 50,000 |
| Payments under revolving credit facility | (160,000) | (50,000) |
| Proceeds under other financing arrangements | 1,071 | 10,562 |
| Payments under other financing arrangements | (8,058) | (3,310) |
| Payments related to tax withholding for stock-based compensation | (23,339) | (11,584) |
| Repurchases of common shares | (75,000) | (197,920) |
| Payments of dividends | (82,881) | (82,671) |
| Contingent consideration payment related to acquired business | — | (15,000) |
| Other | (2,123) | (2,899) |
| Net cash flows (used) provided by financing activities | 290,972 | (330,947) |
| Effect of exchange rate changes on cash and cash equivalents | (7,741) | 27,762 |
| Net change in cash and cash equivalents | (18,035) | 158,406 |
| Cash and cash equivalents at beginning of period | 760,183 | 675,441 |
| Cash and cash equivalents at end of period | $742,148 | $833,847 |
| Non-Cash Investing and Financing Activities: | ||
| Liabilities incurred related to acquired business, but not paid | $1,505 | — |
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