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FLOWSERVE CORP (FLS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Sales  3,615.13,541.13,728.13,939.73,835.73,660.83,990.54,557.8
            Sales growth  2.1%-5.0%-5.4%2.7%4.8%-8.3%-12.4%-6.6%
Cost of sales  -2,620.8-2,491.3-2,611.4-2,650.4-2,644.8-2,571.9-2,753.7-3,080.3
    Gross profit  994.31,049.71,116.81,289.31,190.91,089.01,236.81,477.5
            Gross margin  27.5%29.6%30.0%32.7%31.0%29.7%31.0%32.4%
Selling, general and administrative expense  815.5797.1878.2913.2966.6901.7965.4972.7
Gain on sale of business   1.8  -7.7141.3-7.7 
Net earnings from affiliates  18.516.311.810.511.112.612.99.9
    Operating income  197.2270.8250.3386.6227.7341.1276.7514.7
            Operating margin  5.5%7.6%6.7%9.8%5.9%9.3%6.9%11.3%
Interest expense  -46.2-57.6-56.2-55.0-58.2-59.7-60.1-65.3
Interest income  4.02.84.28.46.53.42.82.1
Other income (expense), net  -0.6-36.15.2-17.6-19.6-21.8-6.4-39.1
    Earnings before income taxes  154.4133.6202.3322.4156.4263.0212.9412.4
(Provision for) benefit from income taxes  43.62.6-61.4-75.5-46.6-258.7-77.4-148.4
            Tax rate    30.4%23.4%29.8%98.4%36.3%36.0%
    Net earnings, including noncontrolling interests  198.0136.2140.9246.9109.94.3135.5264.0
Less: Net earnings attributable to noncontrolling interests  -9.3-10.2-10.5-8.1-5.4-1.7-3.1-5.6
    Net earnings attributable to Flowserve Corporation  188.7125.9130.4238.8104.52.7132.5258.4
   
Net earnings per share attributable to Flowserve Corporation common shareholders:          
Basic (in dollars per share)  $1.44$0.97$1.00$1.82$0.80$0.02$1.02$1.94
Diluted (in dollars per share)  $1.44$0.96$1.00$1.81$0.80$0.02$1.01$1.93
   
Weighted average shares - basic (in shares)  130.6130.3130.4131.0130.8130.7130.4133.1
Weighted average shares - diluted (in shares)  131.3130.9131.1131.7131.3131.4131.0133.8

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