Roper Technologies (ROP) FY2011 results: revenue $2.8 billion, up 17.2% on the year
Roper Technologies Inc. (ROP) reported revenue of $2.8 billion for fiscal 2011, the year ended 31 December 2011, up 17.2% on the year before. Net income was $427 million, up 32.4%, and diluted earnings per share $4.34. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$2.8 billion
+17.2% on the year
FY2007FY2011
Operating margin
23.6%
21.6% a year earlier
FY2007FY2011
Net income
$427 million
+32.4% on the year
FY2007FY2011
Diluted EPS
$4.34
+29.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
2,797
2,386
2,050
+17.2%
Cost of revenue
1,282
1,111
1,007
+15.4%
Gross profit
1,516
1,275
1,043
+18.9%
Gross margin
54.2%
53.4%
50.9%
Research and development
122
102
83.4
+18.8%
Selling, general and administrative
855
761
648
+12.4%
Operating income
661
514
395
+28.4%
Operating margin
23.6%
21.6%
19.3%
Interest expense
63.6
66.5
58.5
-4.3%
Pre-tax income
605
448
340
+34.9%
Income tax
178
126
100
+41.3%
Effective tax rate
29.4%
28.1%
29.5%
Net income
427
323
239
+32.4%
Net margin
15.3%
13.5%
11.7%
Diluted EPS
$4.34
$3.34
$2.58
+29.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
602
500
367
+20.4%
Capital expenditure
40.7
28.6
25.9
+42.4%
Free cash flow
561
471
342
+19.1%
Free cash flow margin
20.1%
19.7%
16.7%
Cash from investing
-276
-563
-374
Cash from financing
-257
168
-13.6
Depreciation and amortisation
140
123
103
+13.9%
Share-based compensation
31.7
25.1
27.5
+26.2%
Dividends paid
42.1
35.7
29.8
+17.9%
Dividend per share
$0.47
$0.58
n/a
-19.0%
Diluted shares, weighted
98m
97m
93m
+1.8%
Shares outstanding at period end
97m
95m
94m
+1.7%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,195
2,751
2,421
+16.1%
Debt
1,085
1,341
1,154
-19.1%
Other liabilities
1,039
978
752
+6.3%
Total liabilities and equity
5,319
5,070
4,328
+4.9%
Fixed assets
109
103
109
+5.1%
Goodwill
2,866
2,728
2,388
+5.1%
Intangible assets
1,094
1,105
869
-0.9%
Cash and equivalents
338
270
168
+25.0%
Receivables
439
403
382
+8.9%
Inventory
205
179
179
+14.7%
Other assets
268
281
233
-4.8%
Total assets
5,319
5,070
4,328
+4.9%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.