Roper Technologies (ROP) FY2014 results: revenue $3.5 billion, up 9.6% on the year
Roper Technologies Inc. (ROP) reported revenue of $3.5 billion for fiscal 2014, the year ended 31 December 2014, up 9.6% on the year before. Net income was $646 million, up 20.0%, and diluted earnings per share $6.40. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$3.5 billion
+9.6% on the year
FY2007FY2014
Operating margin
28.2%
26.0% a year earlier
FY2007FY2014
Net income
$646 million
+20.0% on the year
FY2007FY2014
Diluted EPS
$6.40
+19.2% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,549
3,238
2,993
+9.6%
Cost of revenue
1,448
1,355
1,322
+6.8%
Gross profit
2,102
1,883
1,672
+11.6%
Gross margin
59.2%
58.1%
55.8%
Research and development
148
146
126
+1.5%
Selling, general and administrative
1,102
1,041
914
+5.9%
Operating income
999
842
758
+18.7%
Operating margin
28.2%
26.0%
25.3%
Interest expense
78.6
88.0
67.5
-10.7%
Pre-tax income
921
754
687
+22.2%
Income tax
275
216
203
+27.6%
Effective tax rate
29.9%
28.6%
29.6%
Net income
646
538
483
+20.0%
Net margin
18.2%
16.6%
16.1%
Diluted EPS
$6.40
$5.37
$4.86
+19.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
840
803
678
+4.7%
Capital expenditure
37.6
42.5
38.4
-11.5%
Free cash flow
803
760
639
+5.6%
Free cash flow margin
22.6%
23.5%
21.4%
Cash from investing
-348
-1,116
-1,506
Cash from financing
-298
404
854
Depreciation and amortisation
197
189
155
+4.3%
Share-based compensation
63.0
53.1
40.8
+18.6%
Dividends paid
79.9
49.1
69.9
+62.7%
Dividend per share
$0.85
$0.70
$0.40
+21.4%
Diluted shares, weighted
101m
100m
100m
+0.7%
Shares outstanding at period end
100m
99m
99m
+0.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,755
4,213
3,688
+12.9%
Debt
2,201
2,465
2,022
-10.7%
Other liabilities
1,456
1,507
1,361
-3.4%
Total liabilities and equity
8,413
8,185
7,071
+2.8%
Fixed assets
111
117
110
-5.5%
Goodwill
4,711
4,550
3,869
+3.5%
Intangible assets
1,979
2,039
1,699
-3.0%
Cash and equivalents
610
460
371
+32.8%
Receivables
512
519
526
-1.5%
Inventory
194
205
191
-5.4%
Other assets
297
295
305
+0.7%
Total assets
8,413
8,185
7,071
+2.8%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.