ROPER TECHNOLOGIES, INC. ROP Cash Flow

Roper technologies, inc. (ROP)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net earnings
240,300	871,100	277,500	249,700	369,600	257,100	247,600	228,400	211,300	443,900	190,300	179,500	158,100	182,036	167,079	158,069	151,416	208,597	160,417	171,280	155,773	185,936	155,510	157,361	147,226	165,703	136,323	111,353	124,914	143,530	116,708	114,813	108,309	121,676	110,281	106,311	88,979	107,311	84,263	71,281	59,725	71,924	56,410	59,588	51,559
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation and amortization of property, plant and equipment
12,800	13,300	12,500	11,700	11,700	12,200	12,100	12,600	12,600	12,700	12,500	11,900	12,400	9,346	8,902	9,350	9,702	9,731	9,037	9,537	9,880	10,448	10,353	10,423	9,666	9,487	9,527	9,400	9,342	9,486	9,452	9,501	9,449	9,111	8,804	9,609	9,256	9,457	9,110	8,752	9,409	8,335	8,308	8,751	8,769
Amortization of intangible assets
101,800	103,600	93,800	86,500	82,900	81,900	82,600	77,700	75,300	74,000	74,300	74,200	73,000	54,051	49,430	50,170	49,549	46,310	41,008	40,330	38,428	39,215	39,684	38,458	39,037	40,224	39,416	37,695	34,099	34,462	30,109	26,271	26,018	26,307	26,790	25,212	25,054	24,863	23,141	19,194	19,095	18,005	16,972	16,851	17,457
Amortization of deferred financing costs
2,100	2,100	1,900	1,600	1,700	1,700	1,400	1,600	1,600	1,800	1,800	1,800	1,800	1,520	1,363	1,358	1,359	1,134	1,000	1,001	1,001	1,000	1,001	1,000	1,002	1,002	1,114	965	837	649	569	590	591	590	591	590	591	590	591	591	590	993	227	677	676
Non-cash stock compensation
27,700	24,100	26,100	29,000	25,300	52,700	27,100	28,000	26,000	15,500	23,700	22,900	21,000	18,320	21,388	20,113	18,979	14,731	17,597	15,637	13,801	16,016	16,998	15,442	14,571	13,093	13,756	13,307	12,977	10,630	10,439	9,750	9,954	8,264	7,658	7,696	8,112	5,766	6,266	6,110	7,008	6,655	6,740	7,096	6,985
Gain on disposal of business, net of associated income tax
0	599,900	-1,100	-1,100	89,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of acquired businesses:
Accounts receivable
-69,100	98,800	-13,600	50,400	-88,900	53,400	1,700	45,700	-17,300	36,800	20,000	23,000	-73,100	19,040	-12,296	-2,399	16,355	-17,382	5,645	-20,556	-20,304	-4,821	5,255	4,552	-4,582	10,301	-32,465	-38,226	27,590	9,770	9,006	-22,987	20,666	-13,812	7,214	-11,564	-15,171	-28,091	0	8,636	9,758	-26,325	4,374	18,515	30,414
Unbilled receivables
43,100	-14,600	-10,400	11,700	25,300	-6,100	-3,900	13,500	10,500	-13,700	10,300	3,400	13,500	4,884	70	-1,458	-2,296	12,680	-2,008	130	11,042	-6,310	-3,090	11,359	8,346	1,497	774	25,619	-13,136	7,820	7,546	-5,546	-4,698	8,769	-998	6,998	-3,010	7,279	0	-16,417	-6,977	3,191	-3,429	7,403	-3,150
Inventories
10,300	-7,900	6,800	-1,100	19,500	-8,600	15,200	6,200	9,000	-4,300	6,400	5,300	7,900	-12,216	5,812	-3,803	3,907	-5,897	-925	292	7,680	-15,182	2,318	1,803	4,712	-2,515	4,840	22,049	-11,687	-15,376	2,467	2,010	-7,462	5,389	-3,110	-8,953	-16,359	1,590	-6,279	1,346	-2,344	16,585	5,756	11,595	-2,855
Accounts payable and accrued liabilities
-70,200	47,000	34,800	-1,200	-92,800	51,200	48,400	15,100	-45,900	25,000	33,000	17,500	-2,200	2,927	24,825	12,471	-20,023	296	-5,065	-12,328	8,705	-2,595	17,258	5,971	-12,887	10,250	22,146	16,419	-25,510	17,826	11,754	15,565	-35,936	7,631	-730	34,058	-16,612	19,430	17,484	27,487	-11,861	5,928	-2,333	-15,411	-46,985
Deferred revenue
3,600	82,300	-24,700	39,300	11,900	54,200	-7,100	13,200	26,300	24,300	17,300	-1,000	34,300	5,508	9,858	9,542	292	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, excluding tax associated with gain on disposal of business
40,200	-800	-27,000	-60,000	-17,600	-8,300	2,400	-47,900	-13,800	-208,600	2,600	-90,000	39,000	5,128	25,203	-98,058	20,127	38,234	1,092	-75,094	38,837	7,559	-11,514	-67,493	24,829	6,216	5,282	-34,273	16,348	-1,730	4,357	-32,335	13,720	8,638	3,713	-1,249	3,424	-820	9,033	-9,443	11,353	17,921	-8,044	-3,653	-12,449
Cash tax paid for gain on disposal of business
0	0	0	0	39,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
10,100	300	8,700	-4,100	17,500	-100	-800	-2,800	9,500	1,000	3,200	3,800	10,900	-2,399	-2,079	915	6,363	-2,247	-4,245	-2,052	7,608	-5,519	-1,295	2,946	2,340	912	-1,351	9,163	-4,506	-12,131	3,024	1,694	846	9,981	6,344	-12,775	2,320	3,201	0	-7,268	-670	-3,562	2,006	-1,127	156
Cash provided by operating activities
363,900	466,200	404,500	300,800	290,300	464,100	418,200	266,100	281,700	368,800	315,600	171,900	378,200	270,427	316,541	169,760	207,072	269,258	226,619	172,549	260,399	261,209	226,102	140,502	212,628	235,780	255,766	139,739	171,268	211,638	205,431	119,326	141,457	192,544	166,557	155,933	86,584	150,576	143,609	110,269	95,086	119,650	86,987	110,285	50,577
Cash flows from (used in) investing activities:
Acquisitions of businesses, net of cash acquired
2,800	35,400	1,812,700	536,000	3,200	87,500	6,000	1,143,400	38,900	65,600	52,600	32,700	2,800	3,444,213	2,619	9,720	265,248	738,104	435,052	150	589,577	125	302,528	580	2,146	59,461	7,439	1,005,273	2,240	22,223	1,408,677	17,865	19,007	6,397	22,585	204,612	0	0	521,762	-349	15,000	353,313	0	565	683
Capital expenditures
7,900	10,500	14,300	12,100	15,800	14,900	11,100	13,400	9,700	12,900	11,100	9,900	14,900	10,367	8,585	8,859	9,489	8,757	6,830	10,723	9,950	7,809	9,275	10,082	10,478	9,179	11,460	10,684	11,205	9,169	8,704	10,524	10,008	11,559	9,753	10,577	8,813	8,200	6,278	7,628	6,485	7,177	6,349	7,131	5,228
Capitalized software expenditures
2,600	2,500	2,800	2,900	2,000	2,300	2,800	2,500	1,900	2,800	2,300	2,500	3,200	1,272	279	584	665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (used in) disposal of businesses
-3,700	-	-	-	220,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of businesses
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,766	108	85	673	-1,850	130	454	140	-2,768	498	423	341	-3,914	391	1,113	236	-2,511	178	554	464	-3,543	430	297	826	1,295	451	482	3,840	629	402	9,820	367
Other, net
0	100	-100	400	2,200	0	-100	-200	1,000	0	300	6,200	400	-6,536	-994	203	-773	-1,593	571	786	3,736	-2,566	6,328	5	233	952	109	34	1	141	68	229	245	1,758	324	337	1,024	1,380	789	1,170	999	1,358	1,433	843	1,330
Cash provided by (used in) investing activities
-17,000	887,800	-1,829,700	-551,300	197,200	-104,700	-19,800	-1,159,100	-51,500	-81,300	-66,200	-40,800	-21,300	-3,449,282	-10,381	-19,281	-273,956	-641,681	-442,323	-11,205	-603,123	-7,712	-317,633	-10,244	-12,516	-69,158	-18,617	-1,014,878	-13,210	-31,414	-1,417,271	-28,064	-28,796	-19,277	-32,232	-215,229	-9,011	-8,285	-528,378	-7,967	-18,644	-361,219	-7,380	1,281	-6,874
Borrowings (payments) under revolving line of credit, net
0	-925,000	285,000	230,000	-455,000	525,000	-1,395,000	-70,000	535,000	-1,540,000	1,450,000	-200,000	-370,000	1,930,000	0	-20,000	-160,000	-410,000	275,000	-100,000	415,000	-155,000	-315,000	70,000	150,000	440,000	-348,000	-42,000	100,000	950,000	-1,050,000	0	0	85,000	70,000	-10,000	85,000	128,000	-358,000	0	40,000	-40,000	160,000	70,000	-51,000
Principal payments on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	290	3,721	0	289	0	122	430	3,454	0	0	128	433	1,587	444	1,619	52	30,478	13,611	6,918	6,297	1,400	1,521	11,568	11,968	3,288	17,110	14	2,999	8,084	30,082	2,187	83,917
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	398	3,906	0	404
Cash dividends to stockholders
53,100	48,200	47,900	47,900	47,700	43,400	42,200	42,400	42,100	36,300	35,600	35,500	35,400	30,468	30,249	30,210	30,173	25,124	25,111	25,075	25,024	20,032	20,006	19,958	19,863	16,386	16,368	16,338	0	29,801	13,429	13,383	13,290	10,561	10,527	10,544	10,458	8,984	8,929	8,915	8,878	7,480	7,493	7,456	7,394
Stock award tax excess windfall benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,635	2,812	4,688	4,093	6,189	2,834	4,547	7,511	3,946	2,109	1,290	4,364	10,874	8,803	3,565	7,505	8,563	372	874	2,855	2,077	1,425	1,841	1,021	1,758	632	423	0
Proceeds from stock-based compensation, net
12,100	-3,900	5,800	11,000	22,000	-36,000	13,900	8,900	23,800	-4,400	12,200	13,100	7,600	-3,895	5,379	7,826	690	-925	3,922	9,048	6,267	-15,961	4,738	13,660	8,026	-8,895	5,841	4,769	6,229	-2,426	11,791	11,441	16,873	13,688	1,565	4,307	8,607	12,092	8,466	6,046	2,443	5,661	1,807	1,870	1,168
Treasury stock sales
2,800	1,600	1,600	1,400	2,200	1,300	1,300	1,200	1,600	1,000	1,200	1,000	1,000	724	861	836	879	772	640	690	787	671	624	727	729	616	583	608	642	572	500	523	600	515	530	480	579	461	461	367	408	397	406	378	512
Redemption premium on convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	892	12,393	0	915	0	405	1,485	11,236	0	0	344	1,174	4,024	1,060	3,931	109	57,492	0	12,573	6,576	-	-	-	-	-	-	-	-	-	-	-	-
Other
-500	500	2,500	-13,100	14,200	6,900	-6,900	300	100	-100	400	100	-300	6,716	-7,195	-247	-374	-404	-645	-339	-289	-499	-317	-218	573	443	147	454	122	289	128	-18	-1,089	-530	-430	590	-697	-68	-429	157	-42	-358	-55	14	-1,859
Cash used in financing activities
-38,700	-975,100	1,435,000	181,400	-464,300	-347,300	-457,200	968,000	-551,600	-219,800	-331,800	-221,300	-397,100	3,084,595	-47,318	-41,795	-190,182	466,910	256,091	-112,903	386,144	-184,632	112,873	-71,714	-154,631	-165,887	-161,392	819,716	-88,804	-166,124	1,039,631	-17,363	-2,274	-74,725	-80,011	-5,861	-96,082	-125,710	341,884	-518	-48,047	152,946	-48,691	-76,958	-40,894
Effect of foreign currency exchange rate changes on cash
-18,100	7,800	-7,600	-2,600	4,900	-11,100	400	-19,400	16,300	-2,000	24,700	22,800	13,700	-30,799	1,134	-9,423	1,588	-16,554	-18,380	14,637	-38,357	-22,547	-22,512	3,853	-2,316	-995	9,652	-28	-9,822	1,381	8,420	-6,719	3,230	-6,895	-3,887	-263	9,562	-1,546	7,504	-2,329	-4,818	307	4,282	8,709	-3,369
Net increase in cash and cash equivalents
290,100	386,700	2,200	-71,700	28,100	1,000	-58,400	55,600	-305,100	65,700	-57,700	-67,400	-26,500	-125,059	259,976	99,261	-255,478	77,933	22,007	63,078	5,063	46,318	-1,170	62,397	43,165	-260	85,409	-55,451	59,432	15,481	-163,789	67,180	113,617	91,647	50,427	-65,420	-8,947	15,035	-35,381	99,455	23,577	-88,316	35,198	43,317	-560
Supplemental disclosures:
Noncash investing activities:
Payments to Acquire Businesses, Net of Cash Acquired
2,800	35,400	1,812,700	536,000	3,200	87,500	6,000	1,143,400	38,900	65,600	52,600	32,700	2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,585	204,612	0	-	521,762	-349	15,000	353,313	0	565	683