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Fortive (FTV) FY2014 results: revenue $6.3 billion

Fortive Corp. (FTV) reported revenue of $6.3 billion for fiscal 2014, the year ended 31 December 2014. Net income was $883 million, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.

Revenue
$6.3 billion
FY2014FY2014
Operating margin
19.7%
FY2014FY2014
Net income
$883 million
FY2014FY2014
Diluted EPS
$2.56
FY2014FY2014

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2014Last 8 years
Revenue6,337
Cost of revenue3,288
Gross profit3,049
Gross margin48.1%
Research and development388
Selling, general and administrative1,416
Operating income1,245
Operating margin19.7%
Interest expense0.0
Pre-tax income1,279
Income tax396
Effective tax rate30.9%
Net income883
Net margin13.9%
Diluted EPS$2.56
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2014Last 8 years
Operating cash flow947
Capital expenditure103
Free cash flow844
Free cash flow margin13.3%
Cash from investing-291
Cash from financing-656
Depreciation and amortisation178
Share-based compensation30.8
Dividends paid0.0
Diluted shares, weighted345m

Balance sheet

$ millionFY2014Last 8 years
Goodwill3,995
Cash and equivalents0.0
Other assets3,360
Total assets7,356

10-K for the year ended 31 December 2014, filed 28 February 2017: the filing.