Flowserve FLS BRAZIL — Change in valuation allowances

Similar metrics at other companies

ITTBRAZIL — Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount

$1.9M—

AGCOBrazil — Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount

$13.9M—

ACMForeign — Valuation Allowance Deferred Tax Asset Change In Amount

-$5.48M—

AGCOUnited States — Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount

$67.8M—

ACMCA — Valuation Allowance Deferred Tax Asset Change In Amount

$7.93M—

MODCorporate — Valuation Allowance Deferred Tax Asset Change In Amount

$25.83M—

Questions, answered.

What is Flowserve's BRAZIL — change in valuation allowances?

Flowserve (FLS) reported BRAZIL — change in valuation allowances of $4.73M in Q4 2023.

What does BRAZIL — change in valuation allowances mean?

The net change in the reserve set aside for tax assets that may not be fully recoverable in a specific geographic region.

How do you interpret BRAZIL — change in valuation allowances?

An increase suggests management has reduced the expected realizability of tax assets, potentially signaling deteriorating economic outlooks or tax planning challenges in the region. A decrease suggests improved confidence in utilizing tax assets to offset future tax liabilities.

How does BRAZIL — change in valuation allowances compare across companies?

Similar to valuation allowance adjustments reported by multinational corporations under ASC 740, this metric is comparable to tax asset impairment charges or reversals seen in peer geographic segments.