conv01:~ # ffmpeg -i /root/stream.m3u8 -threads 0 -filter:v "setpts=N/(25*TB)" -an -y /tmp/flv.flv
ffmpeg version 2.1.1 Copyright (c) 2000-2013 the FFmpeg developers
  built on Nov  8 2013 10:57:47 with gcc 4.8 (SUSE Linux)
  configuration: --shlibdir=/usr/lib64 --prefix=/usr --mandir=/usr/share/man --libdir=/usr/lib64 --enable-shared --disable-static --enable-debug --disable-stripping --extra-cflags='-O2 -g -m64 -fmessage-length=0 -D_FORTIFY_SOURCE=2 -fstack-protector -funwind-tables -fasynchronous-unwind-tables -fPIC -I/usr/include/gsm' --enable-gpl --enable-x11grab --enable-version3 --enable-pthreads --enable-libfaac --enable-libfdk_aac --enable-nonfree --enable-avfilter --enable-libpulse --enable-libvpx --enable-libopus --enable-libass --enable-libmp3lame --enable-libvorbis --enable-libtheora --enable-libspeex --enable-libxvid --enable-libx264 --enable-libschroedinger --enable-libgsm --enable-libopencore-amrnb --enable-libopencore-amrwb --enable-postproc --enable-libdc1394 --enable-librtmp --enable-libfreetype --enable-avresample --enable-libtwolame --enable-libvo-aacenc --enable-gnutls
  libavutil      52. 48.101 / 52. 48.101
  libavcodec     55. 39.101 / 55. 39.101
  libavformat    55. 19.104 / 55. 19.104
  libavdevice    55.  5.100 / 55.  5.100
  libavfilter     3. 90.100 /  3. 90.100
  libavresample   1.  1.  0 /  1.  1.  0
  libswscale      2.  5.101 /  2.  5.101
  libswresample   0. 17.104 /  0. 17.104
  libpostproc    52.  3.100 / 52.  3.100
Input #0, hls,applehttp, from '/root/stream.m3u8':
  Duration: 00:01:50.00, start: 26108.042267, bitrate: 0 kb/s
  Program 0
    Metadata:
      variant_bitrate : 0
    Stream #0:0: Video: h264 (Main) ([27][0][0][0] / 0x001B), yuv420p(tv, bt709), 1280x720, 25 fps, 25 tbr, 90k tbn, 50 tbc
Output #0, flv, to '/tmp/flv.flv':
  Metadata:
    encoder         : Lavf55.19.104
    Stream #0:0: Video: flv1 (flv) ([2][0][0][0] / 0x0002), yuv420p, 1280x720, q=2-31, 200 kb/s, 1k tbn, 25 tbc
Stream mapping:
  Stream #0:0 -> #0:0 (h264 -> flv)
Press [q] to stop, [?] for help
frame= 2577 fps=175 q=31.0 Lsize=   10483kB time=00:01:43.08 bitrate= 833.1kbits/s
video:10442kB audio:0kB subtitle:0 global headers:0kB muxing overhead 0.387584%
conv01:~ #