Roper Technologies (ROP) FY2012 results: revenue $3.0 billion, up 7.0% on the year
Roper Technologies Inc. (ROP) reported revenue of $3.0 billion for fiscal 2012, the year ended 31 December 2012, up 7.0% on the year before. Net income was $483 million, up 13.1%, and diluted earnings per share $4.86. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$3.0 billion
+7.0% on the year
FY2007FY2012
Operating margin
25.3%
23.6% a year earlier
FY2007FY2012
Net income
$483 million
+13.1% on the year
FY2007FY2012
Diluted EPS
$4.86
+12.0% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,993
2,797
2,386
+7.0%
Cost of revenue
1,322
1,282
1,111
+3.1%
Gross profit
1,672
1,516
1,275
+10.3%
Gross margin
55.8%
54.2%
53.4%
Research and development
126
122
102
+3.5%
Selling, general and administrative
914
855
761
+6.9%
Operating income
758
661
514
+14.7%
Operating margin
25.3%
23.6%
21.6%
Interest expense
67.5
63.6
66.5
+6.1%
Pre-tax income
687
605
448
+13.5%
Income tax
203
178
126
+14.4%
Effective tax rate
29.6%
29.4%
28.1%
Net income
483
427
323
+13.1%
Net margin
16.1%
15.3%
13.5%
Diluted EPS
$4.86
$4.34
$3.34
+12.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
678
602
500
+12.7%
Capital expenditure
38.4
40.7
28.6
-5.6%
Free cash flow
639
561
471
+14.0%
Free cash flow margin
21.4%
20.1%
19.7%
Cash from investing
-1,506
-276
-563
Cash from financing
854
-257
168
Depreciation and amortisation
155
140
123
+10.4%
Share-based compensation
40.8
31.7
25.1
+28.5%
Dividends paid
69.9
42.1
35.7
+66.1%
Dividend per share
$0.40
$0.47
$0.58
-14.9%
Diluted shares, weighted
100m
98m
97m
+1.2%
Shares outstanding at period end
99m
97m
95m
+2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,688
3,195
2,751
+15.4%
Debt
2,022
1,085
1,341
+86.4%
Other liabilities
1,361
1,039
978
+31.0%
Total liabilities and equity
7,071
5,319
5,070
+32.9%
Fixed assets
110
109
103
+1.5%
Goodwill
3,869
2,866
2,728
+35.0%
Intangible assets
1,699
1,094
1,105
+55.3%
Cash and equivalents
371
338
270
+9.6%
Receivables
526
439
403
+19.9%
Inventory
191
205
179
-6.8%
Other assets
305
268
281
+13.8%
Total assets
7,071
5,319
5,070
+32.9%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.