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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 162,869 $ 363,804
Accounts receivable, net of allowance for doubtful accounts of $27,421 and $24,073, respectively 1,131,075 1,155,327
Inventories, net 1,118,283 1,060,670
Deferred taxes 157,946 157,448
Prepaid expenses and other 103,037 110,133
Total current assets 2,673,210 2,847,382
Property, plant and equipment, net of accumulated depreciation of $845,679 and $849,863, respectively 678,307 716,289
Goodwill 1,079,327 1,107,551
Deferred taxes 21,261 19,533
Other intangible assets, net 145,956 160,548
Other assets, net 195,713 185,430
Total assets 4,793,774 5,036,733
Current liabilities:    
Accounts payable 490,514 612,092
Accrued liabilities 758,799 861,010
Debt due within one year 54,122 72,678
Deferred taxes 11,170 12,319
Total current liabilities 1,314,605 1,558,099
Long-term debt due after one year 1,112,636 1,127,619
Retirement obligations and other liabilities 442,834 473,894
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 479,724 476,218
Retained earnings 3,278,771 2,985,391
Treasury shares, at cost – 41,513 and 39,630 shares, respectively (1,772,808) (1,600,266)
Deferred compensation obligation 10,420 9,522
Accumulated other comprehensive loss (302,184) (221,477)
Total Flowserve Corporation shareholders’ equity 1,914,914 1,870,379
Noncontrolling interests 8,785 6,742
Total equity 1,923,699 1,877,121
Total liabilities and equity $ 4,793,774 $ 5,036,733