FLOWSERVE CORP | 2013 | FY | 3

DETAILS OF CERTAIN CONSOLIDATED BALANCE SHEET CAPTIONS
The following tables present financial information of certain consolidated balance sheet captions.
Accounts Receivable, net — Accounts receivable, net were:
 
December 31,
 
2013
 
2012
 
(Amounts in thousands)
Accounts receivables
$
1,179,400

 
$
1,125,215

Less: allowance for doubtful accounts
(24,073
)
 
(21,491
)
Accounts receivable, net
$
1,155,327

 
$
1,103,724


Property, Plant and Equipment, net — Property, plant and equipment, net were:
 
December 31,
 
2013
 
2012
 
(Amounts in thousands)
Land
$
79,557

 
$
68,134

Buildings and improvements
420,364

 
352,076

Machinery, equipment and tooling
694,179

 
632,921

Software, furniture and fixtures and other
372,052

 
385,912

Gross property, plant and equipment
1,566,152

 
1,439,043

Less: accumulated depreciation
(849,863
)
 
(784,864
)
Property, plant and equipment, net
$
716,289

 
$
654,179


Accrued Liabilities — Accrued liabilities were:
 
December 31,
 
2013
 
2012
 
(Amounts in thousands)
Wages, compensation and other benefits
$
238,238

 
$
231,995

Commissions and royalties
38,609

 
34,950

Customer advance payments
340,136

 
405,580

Progress billings in excess of accumulated costs
40,718

 
29,002

Warranty costs and late delivery penalties
63,935

 
61,656

Sales and use tax
15,508

 
17,727

Income tax
21,939

 
39,261

Other
101,927

 
86,422

Accrued liabilities
$
861,010

 
$
906,593


"Other" accrued liabilities include professional fees, lease obligations, insurance, interest, freight, restructuring charges, accrued cash dividends payable, legal and environmental matters, derivative liabilities and other items, none of which individually exceed 5% of current liabilities.
Retirement Obligations and Other Liabilities — Retirement obligations and other liabilities were:
 
December 31,
 
2013
 
2012
 
(Amounts in thousands)
Pension and postretirement benefits
$
199,634

 
$
233,368

Deferred taxes
110,251

 
65,505

Deferred compensation
7,596

 
9,445

Insurance accruals
8,006

 
10,755

Legal and environmental
35,250

 
24,691

Uncertain tax positions
82,689

 
88,676

Other
30,468

 
24,302

Retirement obligations and other liabilities
$
473,894

 
$
456,742



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