Roper Technologies (ROP) FY2018 results: revenue $5.2 billion, up 12.7% on the year
Roper Technologies Inc. (ROP) reported revenue of $5.2 billion for fiscal 2018, the year ended 31 December 2018, up 12.7% on the year before. Net income was $944 million, down 2.8%, and diluted earnings per share $9.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$5.2 billion
+12.7% on the year
FY2011FY2018
Operating margin
26.9%
26.3% a year earlier
FY2011FY2018
Net income
$944 million
-2.8% on the year
FY2011FY2018
Diluted EPS
$9.05
-3.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
5,191
4,608
3,790
+12.7%
Cost of revenue
1,912
1,743
1,458
+9.7%
Gross profit
3,280
2,865
2,332
+14.5%
Gross margin
63.2%
62.2%
61.5%
Research and development
377
281
195
+34.1%
Selling, general and administrative
1,883
1,655
1,278
+13.8%
Operating income
1,396
1,210
1,055
+15.4%
Operating margin
26.9%
26.3%
27.8%
Interest expense
182
181
112
+0.8%
Pre-tax income
1,198
1,035
941
+15.8%
Income tax
254
63.0
282
+303.5%
Effective tax rate
21.2%
6.1%
30.0%
Net income
944
972
659
-2.8%
Net margin
18.2%
21.1%
17.4%
Diluted EPS
$9.05
$9.39
$6.43
-3.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,430
1,234
964
+15.8%
Capital expenditure
49.1
48.8
37.3
+0.7%
Free cash flow
1,381
1,186
926
+16.5%
Free cash flow margin
26.6%
25.7%
24.4%
Cash from investing
-1,335
-210
-3,753
Cash from financing
-388
-1,170
2,805
Depreciation and amortisation
367
345
240
+6.4%
Share-based compensation
134
83.1
78.8
+61.1%
Dividends paid
170
143
121
+19.2%
Dividend per share
$1.70
$1.46
$1.25
+16.2%
Diluted shares, weighted
104m
104m
102m
+0.8%
Shares outstanding at period end
103m
102m
102m
+0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
7,738
6,864
5,789
+12.7%
Debt
4,942
5,156
6,210
-4.1%
Other liabilities
2,569
2,297
2,327
+11.8%
Total liabilities and equity
15,250
14,316
14,325
+6.5%
Fixed assets
129
143
141
-9.7%
Goodwill
9,347
8,820
8,647
+6.0%
Intangible assets
3,842
3,475
3,656
+10.6%
Cash and equivalents
364
671
757
-45.7%
Receivables
701
642
620
+9.2%
Inventory
191
205
182
-6.9%
Other assets
676
360
322
+87.5%
Total assets
15,250
14,316
14,325
+6.5%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.