Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 333,776 $ 450,350
Accounts receivable, net of allowance for doubtful accounts of $27,125 and $25,469, respectively 1,015,544 1,082,447
Inventories, net 1,118,940 995,564
Deferred taxes 158,803 158,912
Prepaid expenses and other 133,275 106,890
Total current assets 2,760,338 2,794,163
Property, plant and equipment, net of accumulated depreciation of $813,562 and $836,981, respectively 752,015 693,881
Goodwill 1,214,919 1,067,255
Deferred taxes 27,840 31,419
Other intangible assets, net 247,550 146,337
Other assets, net 249,019 234,965
Total assets 5,251,681 4,968,020
Current liabilities:    
Accounts payable 484,542 611,715
Accrued liabilities 783,758 794,072
Debt due within one year 58,739 53,131
Deferred taxes 13,727 12,957
Total current liabilities 1,340,766 1,471,875
Long-term debt due after one year 1,620,782 1,101,791
Retirement obligations and other liabilities 525,991 452,511
Shareholders’ equity:    
Common shares, $1.25 par value, Shares authorized - 305,000, Share issued - 176,793 and 176,793, respectively 220,991 220,991
Capital in excess of par value 471,516 495,600
Retained earnings 3,418,920 3,415,738
Treasury shares, at cost – 43,136 and 42,444 shares, respectively (1,885,594) (1,830,919)
Deferred compensation obligation 10,145 10,558
Accumulated other comprehensive loss (484,114) (380,406)
Total Flowserve Corporation shareholders’ equity 1,751,864 1,931,562
Noncontrolling interests 12,278 10,281
Total equity 1,764,142 1,941,843
Total liabilities and equity $ 5,251,681 $ 4,968,020