Roper Technologies (ROP) FY2016 results: revenue $3.8 billion, up 5.8% on the year
Roper Technologies Inc. (ROP) reported revenue of $3.8 billion for fiscal 2016, the year ended 31 December 2016, up 5.8% on the year before. Net income was $659 million, down 5.4%, and diluted earnings per share $6.43. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$3.8 billion
+5.8% on the year
FY2009FY2016
Operating margin
27.8%
28.7% a year earlier
FY2009FY2016
Net income
$659 million
-5.4% on the year
FY2009FY2016
Diluted EPS
$6.43
-6.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,790
3,582
3,549
+5.8%
Cost of revenue
1,458
1,418
1,448
+2.8%
Gross profit
2,332
2,165
2,102
+7.8%
Gross margin
61.5%
60.4%
59.2%
Research and development
195
164
148
+19.0%
Selling, general and administrative
1,278
1,137
1,102
+12.4%
Operating income
1,055
1,028
999
+2.6%
Operating margin
27.8%
28.7%
28.2%
Interest expense
112
84.2
78.6
+32.5%
Pre-tax income
941
1,002
921
-6.2%
Income tax
282
306
275
-7.9%
Effective tax rate
30.0%
30.6%
29.9%
Net income
659
696
646
-5.4%
Net margin
17.4%
19.4%
18.2%
Diluted EPS
$6.43
$6.85
$6.40
-6.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
964
929
840
+3.8%
Capital expenditure
37.3
36.3
37.6
+2.9%
Free cash flow
926
893
803
+3.8%
Free cash flow margin
24.4%
24.9%
22.6%
Cash from investing
-3,753
n/a
-348
Cash from financing
2,805
n/a
-298
Depreciation and amortisation
240
204
197
+17.7%
Share-based compensation
78.8
61.8
63.0
+27.6%
Dividends paid
121
100
79.9
+20.7%
Dividend per share
$1.25
$1.05
$0.85
+19.0%
Diluted shares, weighted
102m
102m
101m
+0.9%
Shares outstanding at period end
102m
101m
100m
+0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,789
5,299
4,755
+9.2%
Debt
6,210
3,271
2,201
+89.8%
Other liabilities
2,327
1,598
1,456
+45.6%
Total liabilities and equity
14,325
10,168
8,413
+40.9%
Fixed assets
141
106
111
+33.9%
Goodwill
8,647
5,825
4,711
+48.5%
Intangible assets
3,656
2,529
1,979
+44.6%
Cash and equivalents
757
779
610
-2.7%
Receivables
620
488
512
+26.9%
Inventory
182
190
194
-4.2%
Other assets
322
252
297
+27.4%
Total assets
14,325
10,168
8,413
+40.9%
10-K for the year ended 31 December 2016, filed 25 February 2019: the filing.