Roper Technologies (ROP) FY2020 results: revenue $4.0 billion, down 14.9% on the year
Roper Technologies Inc. (ROP) reported revenue of $4.0 billion for fiscal 2020, the year ended 31 December 2020, down 14.9% on the year before. Net income was $950 million, down 46.3%, and diluted earnings per share $8.98. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$4.0 billion
-14.9% on the year
FY2013FY2020
Operating margin
26.9%
28.1% a year earlier
FY2013FY2020
Net income
$950 million
-46.3% on the year
FY2013FY2020
Diluted EPS
$8.98
-46.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,022
4,728
5,191
-14.9%
Cost of revenue
1,194
1,588
1,912
-24.8%
Gross profit
2,828
3,140
3,280
-9.9%
Gross margin
70.3%
66.4%
63.2%
Research and development
382
380
377
+0.7%
Selling, general and administrative
1,745
1,812
1,883
-3.7%
Operating income
1,083
1,328
1,396
-18.5%
Operating margin
26.9%
28.1%
26.9%
Interest expense
219
186
182
+17.6%
Pre-tax income
861
2,057
1,198
-58.1%
Income tax
188
417
254
-55.1%
Effective tax rate
21.8%
20.3%
21.2%
Net income
950
1,768
944
-46.3%
Net margin
23.6%
37.4%
18.2%
Diluted EPS
$8.98
$16.82
$9.05
-46.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,525
1,462
1,430
+4.3%
Capital expenditure
n/a
n/a
49.1
Free cash flow
n/a
n/a
1,381
Free cash flow margin
n/a
n/a
26.6%
Cash from investing
-6,074
-1,296
-1,335
Cash from financing
4,137
177
-388
+2,237.2%
Depreciation and amortisation
492
409
367
+20.3%
Share-based compensation
108
101
134
+7.0%
Dividends paid
214
192
170
+11.7%
Dividend per share
$2.10
$1.90
$1.70
+10.5%
Diluted shares, weighted
106m
105m
104m
+0.6%
Shares outstanding at period end
105m
104m
103m
+0.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,480
9,492
7,738
+10.4%
Debt
9,566
5,275
4,942
+81.3%
Operating lease liabilities
193
220
n/a
-12.4%
Other liabilities
3,786
3,122
2,569
+21.3%
Total liabilities and equity
24,025
18,109
15,250
+32.7%
Fixed assets
127
140
129
-9.0%
Goodwill
13,338
10,387
9,347
+28.4%
Intangible assets
7,168
4,668
3,842
+53.6%
Cash and equivalents
308
710
364
-56.6%
Receivables
746
792
701
-5.8%
Inventory
165
199
191
-16.9%
Other assets
2,172
1,214
676
+78.9%
Total assets
24,025
18,109
15,250
+32.7%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.