Roper Technologies (ROP) FY2019 results: revenue $4.7 billion, down 8.9% on the year
Roper Technologies Inc. (ROP) reported revenue of $4.7 billion for fiscal 2019, the year ended 31 December 2019, down 8.9% on the year before. Net income was $1.8 billion, up 87.2%, and diluted earnings per share $16.82. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$4.7 billion
-8.9% on the year
FY2012FY2019
Operating margin
28.1%
26.9% a year earlier
FY2012FY2019
Net income
$1.8 billion
+87.2% on the year
FY2012FY2019
Diluted EPS
$16.82
+85.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
4,728
5,191
4,608
-8.9%
Cost of revenue
1,588
1,912
1,743
-17.0%
Gross profit
3,140
3,280
2,865
-4.3%
Gross margin
66.4%
63.2%
62.2%
Research and development
380
377
281
+0.7%
Selling, general and administrative
1,812
1,883
1,655
-3.8%
Operating income
1,328
1,396
1,210
-4.9%
Operating margin
28.1%
26.9%
26.3%
Interest expense
186
182
181
+2.3%
Pre-tax income
2,057
1,198
1,035
+71.7%
Income tax
417
254
63.0
+64.3%
Effective tax rate
20.3%
21.2%
6.1%
Net income
1,768
944
972
+87.2%
Net margin
37.4%
18.2%
21.1%
Diluted EPS
$16.82
$9.05
$9.39
+85.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,462
1,430
1,234
+2.2%
Capital expenditure
n/a
49.1
48.8
Free cash flow
n/a
1,381
1,186
Free cash flow margin
n/a
26.6%
25.7%
Cash from investing
-1,296
-1,335
-210
Cash from financing
177
-388
-1,170
Depreciation and amortisation
409
367
345
+11.4%
Share-based compensation
101
134
83.1
-24.4%
Dividends paid
192
170
143
+12.7%
Dividend per share
$1.90
$1.70
$1.46
+11.8%
Diluted shares, weighted
105m
104m
104m
+0.7%
Shares outstanding at period end
104m
103m
102m
+0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,492
7,738
6,864
+22.7%
Debt
5,275
4,942
5,156
+6.8%
Operating lease liabilities
220
n/a
n/a
Other liabilities
3,122
2,569
2,297
+21.5%
Total liabilities and equity
18,109
15,250
14,316
+18.8%
Fixed assets
140
129
143
+8.7%
Goodwill
10,387
9,347
8,820
+11.1%
Intangible assets
4,668
3,842
3,475
+21.5%
Cash and equivalents
710
364
671
+94.8%
Receivables
792
701
642
+13.0%
Inventory
199
191
205
+4.1%
Other assets
1,214
676
360
+79.6%
Total assets
18,109
15,250
14,316
+18.8%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.