Roper Technologies (ROP) FY2017 results: revenue $4.6 billion, up 21.6% on the year
Roper Technologies Inc. (ROP) reported revenue of $4.6 billion for fiscal 2017, the year ended 31 December 2017, up 21.6% on the year before. Net income was $972 million, up 47.5%, and diluted earnings per share $9.39. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$4.6 billion
+21.6% on the year
FY2010FY2017
Operating margin
26.3%
27.8% a year earlier
FY2010FY2017
Net income
$972 million
+47.5% on the year
FY2010FY2017
Diluted EPS
$9.39
+46.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,608
3,790
3,582
+21.6%
Cost of revenue
1,743
1,458
1,418
+19.6%
Gross profit
2,865
2,332
2,165
+22.8%
Gross margin
62.2%
61.5%
60.4%
Research and development
281
195
164
+43.9%
Selling, general and administrative
1,655
1,278
1,137
+29.5%
Operating income
1,210
1,055
1,028
+14.8%
Operating margin
26.3%
27.8%
28.7%
Interest expense
181
112
84.2
+61.9%
Pre-tax income
1,035
941
1,002
+10.0%
Income tax
63.0
282
306
-77.7%
Effective tax rate
6.1%
30.0%
30.6%
Net income
972
659
696
+47.5%
Net margin
21.1%
17.4%
19.4%
Diluted EPS
$9.39
$6.43
$6.85
+46.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,234
964
929
+28.1%
Capital expenditure
48.8
37.3
36.3
+30.7%
Free cash flow
1,186
926
893
+28.0%
Free cash flow margin
25.7%
24.4%
24.9%
Cash from investing
-210
-3,753
n/a
Cash from financing
-1,170
2,805
n/a
Depreciation and amortisation
345
240
204
+43.5%
Share-based compensation
83.1
78.8
61.8
+5.4%
Dividends paid
143
121
100
+17.9%
Dividend per share
$1.46
$1.25
$1.05
+17.0%
Diluted shares, weighted
104m
102m
102m
+1.0%
Shares outstanding at period end
102m
102m
101m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
6,864
5,789
5,299
+18.6%
Debt
5,156
6,210
3,271
-17.0%
Other liabilities
2,297
2,327
1,598
-1.3%
Total liabilities and equity
14,316
14,325
10,168
-0.1%
Fixed assets
143
141
106
+0.9%
Goodwill
8,820
8,647
5,825
+2.0%
Intangible assets
3,475
3,656
2,529
-4.9%
Cash and equivalents
671
757
779
-11.3%
Receivables
642
620
488
+3.5%
Inventory
205
182
190
+12.6%
Other assets
360
322
252
+12.1%
Total assets
14,316
14,325
10,168
-0.1%
10-K for the year ended 31 December 2017, filed 25 February 2019: the filing.