Roper Technologies (ROP) FY2015 results: revenue $3.6 billion, up 0.9% on the year
Roper Technologies Inc. (ROP) reported revenue of $3.6 billion for fiscal 2015, the year ended 31 December 2015, up 0.9% on the year before. Net income was $696 million, up 7.7%, and diluted earnings per share $6.85. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$3.6 billion
+0.9% on the year
FY2008FY2015
Operating margin
28.7%
28.2% a year earlier
FY2008FY2015
Net income
$696 million
+7.7% on the year
FY2008FY2015
Diluted EPS
$6.85
+7.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,582
3,549
3,238
+0.9%
Cost of revenue
1,418
1,448
1,355
-2.1%
Gross profit
2,165
2,102
1,883
+3.0%
Gross margin
60.4%
59.2%
58.1%
Research and development
164
148
146
+11.0%
Selling, general and administrative
1,137
1,102
1,041
+3.1%
Operating income
1,028
999
842
+2.8%
Operating margin
28.7%
28.2%
26.0%
Interest expense
84.2
78.6
88.0
+7.1%
Pre-tax income
1,002
921
754
+8.8%
Income tax
306
275
216
+11.2%
Effective tax rate
30.6%
29.9%
28.6%
Net income
696
646
538
+7.7%
Net margin
19.4%
18.2%
16.6%
Diluted EPS
$6.85
$6.40
$5.37
+7.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
929
840
803
+10.5%
Capital expenditure
36.3
37.6
42.5
-3.7%
Free cash flow
893
803
760
+11.2%
Free cash flow margin
24.9%
22.6%
23.5%
Cash from investing
n/a
-348
-1,116
Cash from financing
n/a
-298
404
Depreciation and amortisation
204
197
189
+3.5%
Share-based compensation
61.8
63.0
53.1
-2.0%
Dividends paid
100
79.9
49.1
+25.6%
Dividend per share
$1.05
$0.85
$0.70
+23.5%
Diluted shares, weighted
102m
101m
100m
+0.7%
Shares outstanding at period end
101m
100m
99m
+0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,299
4,755
4,213
+11.4%
Debt
3,271
2,201
2,465
+48.6%
Other liabilities
1,598
1,456
1,507
+9.8%
Total liabilities and equity
10,168
8,413
8,185
+20.9%
Fixed assets
106
111
117
-4.8%
Goodwill
5,825
4,711
4,550
+23.6%
Intangible assets
2,529
1,979
2,039
+27.8%
Cash and equivalents
779
610
460
+27.5%
Receivables
488
512
519
-4.5%
Inventory
190
194
205
-2.0%
Other assets
252
297
295
-15.0%
Total assets
10,168
8,413
8,185
+20.9%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.