Short answer

Flowserve Corp (FLS) filed its fiscal 2016 10-K annual report with the SEC on Feb 16, 2017. It reported revenue of $4.0B and net income of $145M.

Top risk flagged: Asbestos litigation: substantial lawsuits over formerly manufactured asbestos-containing process equipment, with uncertain insurance and indemnity coverage

FY2016 key financial metrics · XBRL

Source: XBRL data from the Flowserve Corp (FLS) FY2016 10-K on SEC EDGAR. USD.

AI summary of each section, grounded in the filing text

Flow control manufacturer and aftermarket provider, combining engineered pumps, valves, seals, automation and lifecycle services for critical industrial processes
2016 emphasis on Insight platform, remote monitoring, diagnostics, asset management and additive manufacturing exploration
Strategic localization expanded pump and valve operations in China, India and Mexico, with lower-cost regions supplying 25% to 35% of segment direct materials
Aftermarket sales reached approximately 45% of total sales, up from 43% in 2015, reinforcing higher-margin lifecycle services
R&D spending declined to $42.8 million from $45.9 million in 2015, while workforce totaled approximately 18,000 globally

Revenue $3,991.5M, down $569.5M or 12.5% YoY, with negative currency effects of approximately $114M
Operating margin 7.0% vs 11.5%; gross margin 30.9% vs 32.6%; net earnings $145.1M vs $267.7M
Best segment FCD: $1,233.7M sales, 16.1% operating margin; worst IPD: $837.2M sales, 0.1% margin
Operating cash flow $227.6M; capex $89.7M; dividends $97.7M; no 2016 buyback amount disclosed
2017 sales guidance: decline 6% to 11%; risks include oil and gas weakness, competitive pricing, currencies and potential goodwill impairment

Asbestos litigation: substantial lawsuits over formerly manufactured asbestos-containing process equipment, with uncertain insurance and indemnity coverage
Venezuela exposure: delayed payments from the national oil company, prompting full reserves for potentially uncollectible receivables and related inventory
Backlog execution: $1.9 billion at December 31, 2016, exposed to capacity, raw-material access, workforce and delivery-penalty failures
Competitive pressure: low-cost spare-parts replicators and customer in-house maintenance departments intensifying pricing pressure
Management transition: CEO Mark A. Blinn’s resignation and retirement effective March 31, 2017, requiring succession to R. Scott Rowe

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