Short answer
Flowserve Corp (FLS) filed its Q2 2015 10-Q quarterly report on Jul 30, 2015 for the quarter ended Jun 30, 2015.
Flowserve Corp Q2 2015 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,162.2M, down 5.1% YoY from $1,224.4M, with negative currency effects of approximately $121M
- Operating margin 11.0% vs 15.9% YoY, operating income $127.6M vs $194.3M
- IPD sales $260.8M, up 28.0% YoY, while FCD sales $356.4M, down 12.3%
- Cash $315.3M vs $450.4M, operating cash flow $18.1M vs $(11.3)M YoY
- Near-term headwinds: capital spending declines, pricing pressure, currency impacts and deferred aftermarket spending through remainder of 2015
Risk Factors
- Venezuela collection risk: national oil company receivables equal 8% of gross receivables, with 58% unlikely collectible within one year
- Venezuela foreign-exchange risk: SIMADI remeasurement produced a $20.6 million loss in first-quarter 2015
- Acquisition integration risk: SIHI generated $77.2 million sales but reduced net earnings by $13.5 million in second-quarter 2015
- Liquidity risk: cash declined to $315.3 million while debt due after one year increased to $1,626.2 million
- Currency exposure: non-designated foreign-exchange contracts increased to $503.2 million from $421.1 million
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Flowserve Corp quarterly reports
- Q3 2019 10-QFiled Oct 30, 2019
- Q2 2019 10-QFiled Jul 31, 2019
- Q1 2019 10-QFiled May 2, 2019
- Q3 2018 10-QFiled Nov 7, 2018
- Q2 2018 10-QFiled Aug 8, 2018
- Q1 2018 10-QFiled May 10, 2018
- Q3 2017 10-QFiled Nov 1, 2017
- Q2 2017 10-QFiled Aug 14, 2017
- Q1 2017 10-QFiled May 1, 2017
- Q3 2016 10-QFiled Oct 27, 2016
- Q2 2016 10-QFiled Jul 28, 2016
- Q1 2016 10-QFiled Apr 28, 2016
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