FLOWSERVE CORP - FORM 8-K - EX-99.1 - April 29, 2010

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8-K - FORM 8-K - FLOWSERVE CORP	d72561e8vk.htm

Exhibit 99.1

FLOWSERVE CORPORATION
(Unaudited)


EPD
Quarter Ended		2009
Amounts in millions		March 31				June 30				September 30				December 31
Bookings		$	479.9			$	588.6			$	468.5			$	468.1
Sales to external customers			523.0				562.5				526.8				637.0
Intersegment sales			16.2				17.8				13.9				19.1
Gross profit			201.4				211.6				206.2				224.3
Gross profit margin			37.4	%			36.5	%			38.1	%			34.2	%
Operating income			99.8				113.6				111.1				110.3
Operating income as a percentage of sales			18.5	%			19.6	%			20.5	%			16.8	%
Identifiable assets			1,729.9				1,800.7				1,812.0				1,729.8
Realignment charges- cost of sales			4.9				6.3				0.4				12.7
Realignment charges- selling, general and administrative			3.0				3.0				0.7				11.4


IPD
Quarter Ended		2009
Amounts in millions		March 31				June 30				September 30				December 31
Bookings		$	215.3			$	202.0			$	196.4			$	210.7
Sales to external customers			205.7				227.0				231.9				254.8
Intersegment sales			8.6				14.6				12.3				16.1
Gross profit			59.0				67.2				66.2				70.1
Gross profit margin			27.5	%			27.8	%			27.1	%			25.9	%
Operating income			23.0				28.5				25.5				30.9
Operating income as a percentage of sales			10.7	%			11.8	%			10.4	%			11.4	%
Identifiable assets			690.5				721.5				732.5				701.0
Realignment charges- cost of sales			1.0				2.5				1.1				4.4
Realignment charges- selling, general and administrative expense			0.3				0.6				0.2				1.2


All Other
Quarter Ended		2009
Amounts in millions		March 31				June 30				September 30				December 31
Sales to external customers		$	—			$	—			$	—			$	—
Intersegment sales			(26.0	)			(34.0	)			(27.3	)			(37.9	)
Operating loss			(23.3	)			(30.1	)			(29.4	)			(34.5	)
Identifiable assets⁽¹⁾			330.3				372.7				417.3				806.5
Realignment charges-cost of sales			—				—				—				0.7
Realignment charges- selling, general and administrative expense			0.2				0.1				0.6				1.3


(1)		The increase in identifiable assets for “All Other” is primarily a result of increased cash balances.

FLOWSERVE CORPORATION
(Unaudited)


Year Ended		Flow Solutions Group												Subtotal –				Eliminations
December 31, 2009:														Reportable				and All Other				Consolidated
Amounts in millions		EPD				IPD				FCD				Segments				(1)				Total
Bookings		$	1,976.0			$	823.1			$	1,198.3			$	3,997.4			$	(112.1	)		$	3,885.3
Backlog			1,382.1				555.6				485.3				2,423.0				(51.8	)			2,371.2
Sales to external customers			2,249.3				919.4				1,196.6				4,365.3				—				4,365.3
Intersegment sales			67.0				51.6				6.6				125.2				(125.2	)			—
Gross profit			843.5				262.5				445.2				1,551.2				N/A				1,548.1
Gross profit margin			36.4	%			27.0	%			37.0	%			34.5	%			N/A				35.5	%
Operating income			434.8				107.9				204.1				746.8				(117.3	)			629.5
Operating income as a percentage of sales			18.8	%			11.1	%			17.0	%			16.6	%			N/A				14.4	%
Depreciation and amortization			42.2				15.9				29.1				87.2				8.2				95.4
Identifiable assets			1,729.8				701.0				1,011.6				3,442.4				806.5				4,248.9
Capital expenditures			44.0				22.3				32.4				98.7				9.7				108.4
Realignment charges- cost of sales			24.3				9.0				7.5				40.8				0.7				41.5
Realignment charges- selling, general and administrative expense			18.1				2.3				4.0				24.4				2.2				26.6


Year Ended		Flow Solutions Group												Subtotal –				Eliminations
December 31, 2008:														Reportable				and All Other				Consolidated
Amounts in millions		EPD				IPD				FCD				Segments				(1)				Total
Bookings		$	2,623.5			$	1,140.9			$	1,486.4			$	5,250.8			$	(145.1	)		$	5,105.7
Backlog			1,725.8				679.3				482.9				2,888.0				(62.9	)			2,825.1
Sales to external customers			2,184.9				913.4				1,375.2				4,473.5				—				4,473.5
Intersegment sales			67.3				43.3				6.5				117.1				(117.1	)			—
Gross profit			811.8				275.0				497.7				1,584.5				N/A				1,580.3
Gross profit margin			36.0	%			28.7	%			36.0	%			34.5	%			N/A				35.3	%
Operating income			401.8				117.1				218.7				737.6				(121.9	)			615.7
Operating income as a percentage of sales			17.8	%			12.2	%			15.8	%			16.1	%			N/A				13.8	%
Depreciation and amortization			33.5				13.6				26.5				73.6				7.8				81.4
Identifiable assets			1,696.4				674.0				1,050.0				3,420.4				603.3				4,023.7
Capital expenditures			50.0				22.3				41.2				113.5				13.4				126.9
Realignment charges- cost of sales			—				—				—				—				—				—
Realignment charges- selling, general and administrative expense			—				—				—				—				—				—


Year Ended		Flow Solutions Group												Subtotal –
December 31, 2007:														Reportable				Eliminations				Consolidated
Amounts in millions		EPD				IPD				FCD				Segments				and All Other				Total
Bookings		$	2,228.6			$	953.8			$	1,245.7			$	4,428.1			$	(109.4	)		$	4,318.7
Backlog			1,342.5				557.3				414.8				2,314.6				(38.0	)			2,276.6
Sales to external customers			1,805.3				800.6				1,156.8				3,762.7				—				3,762.7
Intersegment sales			59.9				37.1				6.4				103.4				(103.4	)			—
Gross profit			616.4				233.2				405.8				1,255.4				N/A				1,247.7
Gross profit margin			33.0	%			27.8	%			34.9	%			32.5	%			N/A				33.2	%
Operating income			281.2				103.0				163.8				548.0				(136.1	)			411.9
Operating income as a percentage of sales			15.1	%			12.3	%			14.1	%			14.2	%			N/A				10.9	%
Depreciation and amortization			29.9				12.4				25.8				68.1				9.6				77.7
Identifiable assets			1,506.3				593.2				988.4				3,087.9				432.5				3,520.4
Capital expenditures			47.3				13.1				19.1				79.5				9.5				89.0
Realignment charges- cost of sales			—				—				—				—				—				—
Realignment charges- selling, general and administrative expense			—				—				—				—				—				—


(1)		The increase in identifiable assets for “All Other” in 2009 and 2008 is primarily a result of increased cash balances.