Roper Technologies (ROP) FY2013 results: revenue $3.2 billion, up 8.2% on the year
Roper Technologies Inc. (ROP) reported revenue of $3.2 billion for fiscal 2013, the year ended 31 December 2013, up 8.2% on the year before. Net income was $538 million, up 11.4%, and diluted earnings per share $5.37. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$3.2 billion
+8.2% on the year
FY2007FY2013
Operating margin
26.0%
25.3% a year earlier
FY2007FY2013
Net income
$538 million
+11.4% on the year
FY2007FY2013
Diluted EPS
$5.37
+10.5% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
3,238
2,993
2,797
+8.2%
Cost of revenue
1,355
1,322
1,282
+2.5%
Gross profit
1,883
1,672
1,516
+12.6%
Gross margin
58.1%
55.8%
54.2%
Research and development
146
126
122
+15.7%
Selling, general and administrative
1,041
914
855
+13.8%
Operating income
842
758
661
+11.2%
Operating margin
26.0%
25.3%
23.6%
Interest expense
88.0
67.5
63.6
+30.4%
Pre-tax income
754
687
605
+9.8%
Income tax
216
203
178
+6.2%
Effective tax rate
28.6%
29.6%
29.4%
Net income
538
483
427
+11.4%
Net margin
16.6%
16.1%
15.3%
Diluted EPS
$5.37
$4.86
$4.34
+10.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
803
678
602
+18.4%
Capital expenditure
42.5
38.4
40.7
+10.7%
Free cash flow
760
639
561
+18.9%
Free cash flow margin
23.5%
21.4%
20.1%
Cash from investing
-1,116
-1,506
-276
Cash from financing
404
854
-257
-52.7%
Depreciation and amortisation
189
155
140
+22.3%
Share-based compensation
53.1
40.8
31.7
+30.3%
Dividends paid
49.1
69.9
42.1
-29.8%
Dividend per share
$0.70
$0.40
$0.47
+75.0%
Diluted shares, weighted
100m
100m
98m
+0.7%
Shares outstanding at period end
99m
99m
97m
+0.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,213
3,688
3,195
+14.2%
Debt
2,465
2,022
1,085
+21.9%
Other liabilities
1,507
1,361
1,039
+10.7%
Total liabilities and equity
8,185
7,071
5,319
+15.8%
Fixed assets
117
110
109
+6.3%
Goodwill
4,550
3,869
2,866
+17.6%
Intangible assets
2,039
1,699
1,094
+20.0%
Cash and equivalents
460
371
338
+24.1%
Receivables
519
526
439
-1.4%
Inventory
205
191
205
+7.4%
Other assets
295
305
268
-3.4%
Total assets
8,185
7,071
5,319
+15.8%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.