Roper Technologies (ROP) FY2010 results: revenue $2.4 billion, up 16.4% on the year
Roper Technologies Inc. (ROP) reported revenue of $2.4 billion for fiscal 2010, the year ended 31 December 2010, up 16.4% on the year before. Net income was $323 million, up 34.7%, and diluted earnings per share $3.34. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2011.
Revenue
$2.4 billion
+16.4% on the year
FY2007FY2010
Operating margin
21.6%
19.3% a year earlier
FY2007FY2010
Net income
$323 million
+34.7% on the year
FY2007FY2010
Diluted EPS
$3.34
+29.5% on the year
FY2007FY2010
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Revenue
2,386
2,050
2,306
+16.4%
Cost of revenue
1,111
1,007
1,118
+10.4%
Gross profit
1,275
1,043
1,188
+22.2%
Gross margin
53.4%
50.9%
51.5%
Research and development
102
83.4
87.4
+22.8%
Selling, general and administrative
761
648
702
+17.5%
Operating income
514
395
486
+30.1%
Operating margin
21.6%
19.3%
21.1%
Interest expense
66.5
58.5
60.8
+13.6%
Pre-tax income
448
340
429
+32.0%
Income tax
126
100
147
+25.5%
Effective tax rate
28.1%
29.5%
34.3%
Net income
323
239
282
+34.7%
Net margin
13.5%
11.7%
12.2%
Diluted EPS
$3.34
$2.58
$3.01
+29.5%
$ 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
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Operating cash flow
500
367
434
+35.9%
Capital expenditure
28.6
25.9
30.0
+10.5%
Free cash flow
471
342
404
+37.9%
Free cash flow margin
19.7%
16.7%
17.5%
Cash from investing
-563
-374
-739
Cash from financing
168
-13.6
188
Depreciation and amortisation
123
103
101
+18.9%
Share-based compensation
25.1
27.5
30.9
-8.5%
Dividends paid
35.7
29.8
25.9
+19.7%
Dividend per share
$0.58
n/a
n/a
Diluted shares, weighted
97m
93m
94m
+4.1%
Shares outstanding at period end
95m
94m
90m
+1.6%
Balance sheet
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Shareholders' equity
2,751
2,421
2,004
+13.6%
Debt
1,341
1,154
1,267
+16.2%
Other liabilities
978
752
700
+29.9%
Total liabilities and equity
5,070
4,328
3,972
+17.1%
Fixed assets
103
109
112
-5.5%
Goodwill
2,728
2,388
2,119
+14.2%
Intangible assets
1,105
869
804
+27.1%
Cash and equivalents
270
168
178
+61.2%
Receivables
403
382
377
+5.7%
Inventory
179
179
186
-0.1%
Other assets
281
233
195
+20.9%
Total assets
5,070
4,328
3,972
+17.1%
10-K for the year ended 31 December 2010, filed 25 February 2011: the filing.