How do you interpret eliminations and all other — non-restructuring charges?

High volatility suggests significant one-time events or accounting adjustments that may obscure underlying business performance.

How does eliminations and all other — non-restructuring charges compare across companies?

Comparable to 'Other Non-Operating Expenses' or 'Unallocated Corporate Items' reported by diversified industrial companies.

Flowserve FLS Eliminations and All Other — Non-Restructuring Charges

Discontinued — last reported Q4 '20

Similar metrics at other companies

LFUSAll Other Segments — Other Restructuring Costs

$1.1M—

WTRGOther And Eliminations — Other Nonoperating Expense

$165.5K-69.3%

SPXCAll Other Segments — Restructuring Costs And Asset Impairment Charges

$150K—

ITTAggregate Eliminations Corp And Other — Total restructuring costs

$1.5M—

TXNOther — Restructuring charges/other

$29.25M+194%

SPXCAll Other — Facility consolidation costs

$0—

Other financials

Income statement

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Revenue$1.1B-6.7%

Gross profit$379.8M+2.8%

Operating income$119.4M-9.4%

Net income$81.7M+10.5%

EPS (diluted)$0.64+14.3%

Balance sheet

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Cash & equivalents$792.4M+46.5%

Total debt$1.9B+12.7%

Total equity$2.2B+6.4%

Total assets$5.7B+4.6%

Cash flow

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Operating cash flow-$43.1M+13.7%

CapEx$16.9M+44.0%

Free cash flow-$60.0M+2.7%

Valuation

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Market cap$10.44B+45.4%

Enterprise value$11.59B+37.9%

P/E27.3×+1.8×

P/S2.2×+0.7×

Profitability

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Gross margin34.2%+2.5pp

Operating margin8.3%-2.1pp

Net margin8.2%+2.1pp

FCF margin9.9%+4.3pp

Returns & leverage

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Return on equity17.8%+3.8pp

Debt / equity0.9×0.0×

Current ratio2.2×+0.1×

Where this comes from

Reported directly by Flowserve in its filing.

Tagged under the XBRL concept fls:NonRestructuringChargesBenefits.

The official record: Flowserve’s 10-Q, filed May 7, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does eliminations and all other — non-restructuring charges mean?: Miscellaneous non-operating costs or gains recorded at the corporate level that are not part of a formal restructuring plan.
How do you interpret eliminations and all other — non-restructuring charges?: High volatility suggests significant one-time events or accounting adjustments that may obscure underlying business performance.
How does eliminations and all other — non-restructuring charges compare across companies?: Comparable to 'Other Non-Operating Expenses' or 'Unallocated Corporate Items' reported by diversified industrial companies.