FLOWSERVE CORP FLS Cash Flow

Flowserve corp (FLS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows – Operating activities:
Net earnings, including noncontrolling interests
203,774	261,780	254,899	213,775	168,087	125,050	-45,203	-25,900	1,498	4,328	172,128	108,352	120,530	135,532	136,824	246,394	268,662	264,016	355,893	391,957	440,490	519,433	506,345	502,277	498,008	488,320	488,265	468,567	456,157	450,799	434,417	435,538	425,777	429,231	416,121	412,391	405,472	388,681	386,496	398,911	415,711	428,331	0	0	0
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation
89,424	90,619	92,159	93,317	94,488	95,820	98,929	100,355	101,545	101,438	100,199	100,078	99,978	99,897	100,724	100,302	99,406	99,501	97,211	96,261	94,849	93,307	93,743	93,242	92,350	90,695	89,245	88,001	87,405	88,572	89,514	90,620	91,416	90,653	92,948	92,456	91,030	90,509	86,785	85,729	88,726	85,585	0	0	0
Amortization of intangible and other assets
12,878	13,862	14,239	16,189	16,538	16,653	16,797	18,340	17,197	17,016	17,198	15,657	16,771	16,855	14,092	18,094	22,465	27,586	29,333	25,476	21,909	16,970	17,368	17,170	16,195	15,697	15,787	16,336	17,303	18,654	19,274	18,781	18,746	16,908	19,225	17,527	14,927	14,032	9,764	9,837	9,855	9,860	0	0	0
Amortization of deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,595	3,490	2,726	2,208	0	0	0
Loss on disposition of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	308	-375	-125	10,521	10,126	10,103	10,066	149	31	69	16	-356	-101	-246	-1,013	-864	0	0	0
Gain on sale of equity investment in affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,995	12,995	12,995	12,995	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of acquired assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,315	15,315	15,315	15,315	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,034	-	8,497	10,202	11,646	10,111	10,255	8,660	7,136	11,207	11,523	11,593	11,570	5,668	5,278	4,831	5,175	10,048	10,105	10,997	11,324	1,174	0	0	0
Stock-based compensation
30,584	23,882	28,289	26,871	23,559	19,912	16,659	15,472	15,475	22,820	20,538	21,991	25,563	30,213	38,755	41,385	41,678	34,816	42,017	41,799	41,854	42,675	38,047	37,744	37,638	35,757	33,856	36,263	35,642	35,403	34,377	31,244	31,276	32,090	31,788	33,612	32,740	32,428	33,653	34,343	38,979	40,751	0	0	0
Foreign currency, asset write downs and other non-cash adjustments
-27,295	11,224	3,910	19,191	-27,825	-36,052	-40,069	-36,551	-25,541	-33,087	-17,606	-19,950	18,046	8,127	-18,710	-28,084	-56,081	-74,382	-72,403	-78,247	-60,940	-39,942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings from affiliates, net of dividends received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	11,483	11,559	7,423	5,213	3,649	1,368	5,725	9,990	6,253	7,981	12,207	4,189	0	0	0
Change in assets and liabilities:
Accounts receivable, net
-13,846	-2,883	29,318	6,658	59,124	25,448	13,100	43,097	-34,600	-60,216	-30,944	-65,620	-12,994	-36,927	-56,218	-50,069	-85,063	-53,060	-25,803	19,584	97,523	79,655	103,449	74,410	16,782	53,823	-21,320	15,865	32,543	35,074	87,048	134,898	161,673	243,118	205,727	137,337	49,185	51,974	5,294	-42,982	39,791	-50,730	0	0	0
Inventories, net
24,806	31,058	51,310	19,510	30,193	29,314	-22,298	-8,505	-27,153	-48,642	-63,999	-79,765	-93,700	-52,892	-66,808	-47,595	-28,670	21,260	26,395	29,300	72,262	31,404	-5,822	-34,178	-35,128	-28,616	25,197	37,638	43,695	72,706	82,929	134,197	145,581	139,754	146,456	150,401	136,337	52,905	29,770	-50,826	24,280	-74,674	0	0	0
Contract assets, net
62,032	45,939	5,196	-37,646	-42,340	23,693	54,822	48,907	64,402	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets, net
-15,924	-13,289	-12,257	5,273	13,200	7,869	5,861	-6,182	-40,648	-32,935	-35,724	-9,631	56,945	45,475	30,264	18,867	-12,859	13,882	29,272	17,456	20,363	4,479	17,522	4,871	3,890	6,824	2,765	-1,763	-718	4,863	-411	-3,826	-10,448	12,227	6,935	33,294	14,804	2,363	-24,687	-28,774	15,377	-20,840	0	0	0
Contract liabilities
-24,528	-14,390	-51,623	-40,838	-43,147	-33,710	-3,410	384	3,870	0	-19,512	-7,308	-9,095	0	-5,024	-21,773	119	-6,646	26,343	46,054	31,666	25,311	22,286	17,662	14,047	18,002	-1,428	-7,580	-4,161	-2,393	13,219	4,757	2,505	3,629	1,068	-287	-2,124	-6,763	-3,241	3,989	-9,885	-1,559	0	0	0
Accounts payable
30,396	22,870	7,251	-14,933	39,423	-4,823	50,452	57,781	13,498	12,403	-40,238	-49,847	-41,908	-71,008	-54,491	-66,727	-72,271	-113,639	-18,923	12,350	52,047	50,752	23,079	-6,915	-44,264	-15,642	-27,265	-23,021	29,263	24,542	72,347	113,893	62,523	45,845	31,030	23,531	29,766	70,741	42,608	-12,661	-81,059	-104,679	0	0	0
Accrued liabilities and income taxes payable
4,926	4,184	-10,965	-30,427	25,797	-18,248	-10,371	-38,362	44	-3,383	-13,154	-28,643	-108,188	-88,770	-28,256	-13,358	31,783	51,073	35,489	68,759	68,423	-11,827	-54,868	-81,977	-87,841	-65,702	3,577	-28,919	50,954	90,773	62,804	118,286	25,995	-6,901	-30,819	-77,081	-85,615	-125,591	-128,344	-121,781	-101,141	-106,810	0	0	0
Retirement obligations and other
-29,491	-39,881	-70,494	-55,616	-42,942	-44,314	-26,191	-30,329	-47,708	-43,431	-10,169	4,424	17,781	16,372	-7,233	-25,135	-35,044	-21,456	-4,656	-897	10,964	-7,905	-12,913	-10,998	-17,684	-3,145	-14,699	-18,845	-15,750	-21,553	-13,690	822	2,587	6,682	24,971	-11,958	-23,184	-20,296	-27,543	-49,586	-69,746	-71,623	0	0	0
Net deferred taxes
15,722	6,916	-24,614	-17,817	-12,259	-15,270	-49,090	-46,225	-51,190	-50,992	31,234	20,064	-587	15,948	24,190	9,740	19,698	84	-41,442	-19,622	-13,730	-5,386	0	0	0	-	-	22,068	23,721	24,477	-6,443	-10,480	-9,282	-13,463	-8,662	-11,724	-23,113	-27,824	-33,297	-11,812	-32,343	-8,798	0	0	0
Net cash flows provided (used) by operating activities
321,524	312,741	308,484	296,918	350,077	190,831	265,044	207,729	186,412	311,066	241,896	276,380	253,028	240,476	380,658	433,391	525,335	440,759	595,670	623,812	585,945	594,481	508,723	509,318	511,164	487,759	503,454	423,929	516,951	517,130	490,862	516,383	338,509	218,213	222,309	170,676	276,547	355,775	409,852	455,507	462,347	431,277	0	0	0
Cash flows – Investing activities:
Capital expenditures
72,842	66,170	78,641	77,513	81,141	83,993	70,958	63,902	59,230	61,602	65,844	82,234	85,349	89,699	107,804	104,979	118,106	181,861	187,549	192,747	184,923	132,619	127,990	131,597	136,495	139,090	146,061	139,813	141,111	135,539	120,983	116,354	113,152	107,967	126,737	125,268	110,570	102,002	67,810	69,419	79,130	108,448	0	0	0
Payments for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	353,654	353,654	341,545	341,545	0	66,658	66,658	66,658	76,801	10,143	10,143	10,143	3,996	93,611	93,611	94,501	90,505	0	0	0	-	-	-	-	-	-	-	-
Proceeds from disposal of assets and other
13,859	42,333	42,901	45,584	44,801	6,190	6,520	3,960	5,668	5,435	5,639	4,250	3,560	3,294	6,749	9,775	8,672	10,220	4,221	2,814	3,079	1,731	2,297	2,106	1,742	1,653	6,429	9,367	9,357	16,933	12,212	8,436	9,284	4,269	7,812	11,875	10,913	11,030	0	0	0	-	-	-	-
Proceeds from disposition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,805	46,805	46,805	46,805	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from equity investments in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,240	46,240	44,035	44,035	-3,825	-3,825	-1,620	-1,620	0	-675	-1,422	-1,422	3,651	0	0	0	-	-	-	-
Net cash flows provided (used) by investing activities
-58,983	-23,837	-35,740	-35,592	-40,003	-81,466	-44,109	-9,013	179,205	176,600	148,570	103,854	-86,853	-91,469	-106,119	-112,377	-121,543	-525,295	-536,982	-531,478	-523,389	-84,083	-145,546	-149,344	-154,606	-167,998	-103,535	-96,554	-97,862	-126,427	-206,207	-203,149	-199,989	-194,203	-120,490	-315,101	-300,475	-286,717	-255,576	-63,281	-101,361	-138,642	0	0	0
Cash flows – Financing activities:
Payments on long-term debt
90,000	105,000	120,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	55,000	50,000	45,000	40,000	40,000	40,000	40,000	40,000	35,000	30,000	25,000	20,000	477,500	478,750	480,000	481,250	25,000	25,000	25,000	558,505	553,675	548,846	544,016	5,682	5,682	5,682	5,682	0	0	0
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	526,332	526,332	526,332	523,418	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds under other financing arrangements
6,229	4,639	3,229	2,823	4,961	3,377	3,845	2,968	1,720	7,359	17,213	22,830	27,386	35,680	25,970	26,018	16,245	9,426	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of deferred loan cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under other financing arrangements
10,153	9,281	9,663	8,695	8,139	9,853	15,563	22,622	21,914	19,030	13,136	3,885	2,933	12,636	31,485	38,759	40,759	34,949	19,649	23,344	24,230	20,502	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	303,651	307,862	233,080	216,798	246,504	276,507	305,061	412,363	458,310	608,205	645,361	905,444	771,942	642,776	556,873	158,231	150,000	53,029	48,940	47,845	46,015	47,502	47,901	45,873	40,955	0	0	0
Payments related to tax withholding for stock-based compensation
-4,176	-3,900	-3,924	-3,571	-3,634	-3,061	-2,923	-2,576	-5,328	-6,238	-6,425	-8,486	-11,247	-10,405	-32,933	-30,214	-24,000	-15,844	-17,402	-18,366	-18,287	-15,734	8,497	10,202	11,646	10,111	10,255	8,660	7,136	11,207	11,523	11,593	11,570	5,668	5,278	4,831	5,175	10,048	10,105	10,997	10,744	1,174	0	0	0
Payments of dividends
100,671	99,557	99,563	99,507	99,499	99,416	99,369	99,335	99,274	99,233	99,198	99,144	99,116	97,746	96,610	95,903	95,379	93,650	91,831	89,664	87,417	85,118	82,847	80,658	78,770	76,897	75,533	74,304	73,869	73,765	73,332	72,662	70,835	69,557	67,957	66,387	64,697	63,582	62,472	61,299	60,251	59,204	0	0	0
Short-term financing, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,910	-1,555	-249	-3,914	-3,904	-4,331	-6,852	-7,071	-7,083	-6,708	-4,128	1,284	1,284	1,386	1,232	-203	-307	99	87	55	-5,628	-2,604	-12,522	-12,379	7,122	-179	1,147	-3,528	-12,856	-8,403	3,622	2,059	-1,439	1,581	236	4,837	5,106	2,421	-334	480	2,355	-684	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	6,019	7,783	7,349	2,939	0	0	0
Dividends paid to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,229	0	0	0
Sales of shares to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash flows provided (used) by financing activities
-249,793	-229,654	-235,602	-172,864	-170,215	-173,284	-182,365	-190,139	-193,382	-185,353	-165,674	-147,401	-144,626	-143,721	-247,795	-358,068	-419,141	37,655	57,621	125,779	156,913	-391,177	-296,424	-319,856	-359,657	-255,824	-501,018	-397,737	-419,738	-428,922	-293,833	-343,215	-245,991	-238,956	-184,575	-166,624	-157,265	-142,913	-102,872	-99,893	-95,946	-107,078	0	0	0
Effect of exchange rate changes on cash
-28,159	-7,953	-19,814	-9,434	-37,806	-19,843	-10,771	3,704	37,639	33,970	16,481	9,254	-3,144	-4,568	-3,716	-15,176	-11,049	-37,025	-41,336	-46,378	-50,109	-32,675	-17,635	-1,261	-1,922	-4,385	-2,570	-139	-2,608	5,115	-1,287	-16,118	-8,693	-5,277	28	28,859	1,695	-22,886	-32,016	-40,369	1,777	-3,293	0	0	0
Net change in cash and cash equivalents
-15,411	51,297	17,328	79,028	102,053	-83,762	27,799	12,281	209,874	336,283	241,273	242,087	18,405	718	23,028	-52,230	-26,398	-83,906	74,973	171,735	169,360	86,546	49,118	38,857	-5,021	59,552	-103,669	-70,501	-3,257	-33,104	-10,465	-46,099	-116,164	-220,223	-82,728	-282,190	-179,498	-96,741	19,388	251,964	266,817	182,264	0	0	0