FLOWSERVE CORP FLS Cash Flow

Flowserve corp (FLS)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Cash flows – Operating activities:
Net earnings, including noncontrolling interests
261,780	125,050	4,328	135,532	264,016	519,433	488,320	450,799	429,231	388,681	428,331	445,219	257,748
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation
90,619	95,820	101,438	99,897	99,501	93,307	90,695	88,572	90,653	90,509	85,585	71,584	67,836
Acquisition-related non-cash gains
-	-	-	-	-	-	-	-	-	-	4,448	2,809	-
Loss (gain) on disposition of businesses
0	-7,727	141,317	-7,664	0	13,403	0	0	0	3,993	0	-	-
Amortization of intangible and other assets
13,862	16,653	17,016	16,855	27,586	16,970	15,697	18,654	16,908	14,032	9,860	9,858	9,875
Amortization of deferred loan costs
-	-	-	-	-	-	-	-	-	-	2,208	1,822	1,752
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	0	-1,601	0	-	-
Write-off of unamortized deferred loan costs and discount
-	-	-	-	-	-	-	-	-	-	-	-	429
Loss on disposition of businesses
-	-	-	-	-	-	-	10,521	149	-356	-864	5,688	-7,613
Gain on sale of equity investment in affiliate
-	-	-	-	-	-	12,995	0	-	-	-	-	-
Gain on remeasurement of acquired assets
-	-	-	-	-	-	15,315	0	0	-	-	-	-
Gain on acquisition-related contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	0
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	10,111	11,207	5,668	10,048	1,174	12,531	-11,936
Stock-based compensation
23,882	19,912	22,820	30,213	34,816	42,675	35,757	35,403	32,090	32,428	40,751	32,703	25,345
Provision for U.S. Tax Cuts and Jobs Act of 2017
0	5,654	-115,320	-73,452	0	0	-	-	-	-	-	-	-
Foreign currency, asset write downs and other non-cash adjustments
11,224	-36,052	-33,087	8,127	-74,382	-39,942	1,462	13,605	-	-	-	-	-
Net earnings from affiliates, net of dividends received
-	-	-	-	-	-	-	-	5,213	9,990	4,189	8,519	-10,616
Change in assets and liabilities:
Accounts receivable, net
-2,883	25,448	-60,216	-36,927	-53,060	79,655	53,823	35,074	243,118	51,974	-50,730	195,097	-82,372
Inventories, net
31,058	29,314	-48,642	-52,892	21,260	31,404	-28,616	72,706	139,754	52,905	-74,674	195,529	-101,783
Contract assets, net
45,939	23,693	0	0	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets, net
-13,289	7,869	-32,935	45,475	13,882	4,479	6,824	4,863	12,227	2,363	-20,840	21,664	-26,568
Contract liabilities
-14,390	-33,710	0	0	-6,646	25,311	18,002	-2,393	3,629	-6,763	-1,559	18,179	-9,790
Accounts payable
22,870	-4,823	12,403	-71,008	-113,639	50,752	-15,642	24,542	45,845	70,741	-104,679	99,768	75,200
Accrued liabilities and income taxes payable
4,184	-18,248	-3,383	-88,770	51,073	-11,827	-65,702	90,773	-6,901	-125,591	-106,810	228,944	230,559
Retirement obligations and other
-39,881	-44,314	-43,431	16,372	-21,456	-7,905	-3,145	-21,553	6,682	-20,296	-71,623	31,501	17,285
Net deferred taxes
6,916	-15,270	-50,992	15,948	84	-5,386	-31,695	24,477	-13,463	-27,824	-8,798	52,593	-17,683
Net cash flows provided (used) by operating activities
312,741	190,831	311,066	240,476	440,759	594,481	487,759	517,130	218,213	355,775	431,277	408,790	417,668
Cash flows – Investing activities:
Capital expenditures
66,170	83,993	61,602	89,699	181,861	132,619	139,090	135,539	107,967	102,002	108,448	126,932	88,975
Payments for acquisition, net of cash acquired
-	-	-	-	353,654	0	76,801	3,996	90,505	199,396	30,750	-	2,312
Proceeds from disposal of assets and other
42,333	6,190	5,435	3,294	10,220	1,731	1,653	16,933	4,269	11,030	556	7,311	13,404
Proceeds from disposition of business
0	3,663	-232,767	5,064	0	-46,805	0	0	-	-	-	-	-
Proceeds from equity investments in affiliates
-	-	-	-	-	-	46,240	-3,825	0	3,651	0	-	-
Net cash flows provided (used) by investing activities
-23,837	-81,466	176,600	-91,469	-525,295	-84,083	-167,998	-126,427	-194,203	-286,717	-138,642	-119,621	-77,883
Cash flows – Financing activities:
Payments on long-term debt
105,000	60,000	60,000	60,000	45,000	40,000	25,000	480,000	25,000	544,016	5,682	5,682	2,841
Payments of deferred loan costs
0	0	1,503	0	5,108	0	3,744	9,901	0	11,596	2,764	-	1,399
Proceeds from issuance of senior notes
-	-	-	-	526,332	0	298,596	498,075	0	0	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	400,000	0	500,000	0	-	-
Proceeds from short-term financing
75,000	0	0	-	-	-	-	-	-	0	-	-	-
Payments on short-term financing
75,000	0	0	-	-	-	-	-	-	0	-	-	-
Proceeds under other financing arrangements
4,639	3,377	7,359	35,680	9,426	19,285	10,674	15,886	-	-	-	-	-
Payments under other financing arrangements
9,281	9,853	19,030	12,636	34,949	20,502	11,075	10,079	-	-	-	-	-
Repurchases of common shares
15,000	0	0	-	303,651	246,504	458,310	771,942	150,000	46,015	40,955	164,950	44,798
Payments related to tax withholding for stock-based compensation
-3,900	-3,061	-6,238	-10,405	-15,844	-15,734	10,111	11,207	5,668	10,048	1,174	12,531	11,936
Payments of dividends
99,557	99,416	99,233	97,746	93,650	85,118	76,897	73,765	69,557	63,582	59,204	51,481	25,681
Other
-1,555	-4,331	-6,708	1,386	99	-2,604	-179	-8,403	1,581	2,421	-684	14,938	-3,751
Other
-	-	-	-	-	-	-	-	-1,648	9,827	-	-	-
Proceeds from stock option activity
-	-	-	-	-	-	-	-	-	-	2,939	11,940	16,693
Dividends paid to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	2,229	1,891	1,880
Sales of shares to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	327	-874	1,577
Net cash flows provided (used) by financing activities
-229,654	-173,284	-185,353	-143,721	37,655	-391,177	-255,824	-428,922	-238,956	-142,913	-107,078	-185,469	-50,144
Effect of exchange rate changes on cash
-7,953	-19,843	33,970	-4,568	-37,025	-32,675	-4,385	5,115	-5,277	-22,886	-3,293	-4,882	13,140
Net change in cash and cash equivalents
51,297	-83,762	336,283	718	-83,906	86,546	59,552	-33,104	-220,223	-96,741	182,264	98,818	302,781
Income taxes paid (net of refunds)
66,372	87,009	59,409	151,191	152,536	159,520	195,532	158,433	113,921	135,892	189,520	112,545	64,663
Interest paid
53,607	54,576	56,808	57,393	57,030	58,269	49,618	34,173	32,368	31,009	38,067	49,634	59,550