ROPER TECHNOLOGIES, INC. ROP Cash Flow

Roper technologies, inc. (ROP)

CashFlow / TTM

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
1,638,600	1,767,900	1,153,900	1,124,000	1,102,700	944,400	1,131,200	1,073,900	1,025,000	971,800	709,936	686,715	665,284	658,600	685,161	678,499	691,710	696,067	673,406	668,499	654,580	646,033	625,800	606,613	560,605	538,293	516,120	496,505	499,965	483,360	461,506	455,079	446,577	427,247	412,882	386,864	351,834	322,580	287,193	259,340	247,647	239,481	0	0	0
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation and amortization of property, plant and equipment
50,300	49,200	48,100	47,700	48,600	49,500	50,000	50,400	49,700	49,500	46,146	42,548	39,998	37,300	37,685	37,820	38,007	38,185	38,902	40,218	41,104	40,890	39,929	39,103	38,080	37,756	37,755	37,680	37,781	37,888	37,513	36,865	36,973	36,780	37,126	37,432	36,575	36,728	35,606	34,804	34,803	34,163	0	0	0
Amortization of intangible assets
385,700	366,800	345,100	333,900	325,100	317,500	309,600	301,300	297,800	295,500	275,551	250,681	226,651	203,200	195,459	187,037	177,197	166,076	158,981	157,657	155,785	156,394	157,403	157,135	156,372	151,434	145,672	136,365	124,941	116,860	108,705	105,386	104,327	103,363	101,919	98,270	92,252	86,293	79,435	73,266	70,923	69,285	0	0	0
Amortization of deferred financing costs
7,700	7,300	6,900	6,400	6,400	6,300	6,400	6,800	7,000	7,200	6,920	6,483	6,041	5,600	5,214	4,851	4,494	4,136	4,002	4,003	4,002	4,003	4,005	4,118	4,083	3,918	3,565	3,020	2,645	2,399	2,340	2,362	2,362	2,362	2,362	2,362	2,363	2,362	2,765	2,401	2,487	2,573	0	0	0
Non-cash stock compensation
106,900	104,500	133,100	134,100	133,100	133,800	96,600	93,200	88,100	83,100	85,920	83,608	80,821	78,800	75,211	71,420	66,944	61,766	63,051	62,452	62,257	63,027	60,104	56,862	54,727	53,133	50,670	47,353	43,796	40,773	38,407	35,626	33,572	31,730	29,232	27,840	26,254	25,150	26,039	26,513	27,499	27,476	0	0	0
Gain on disposal of business, net of associated income tax
597,700	687,300	87,400	88,500	89,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of acquired businesses:
Accounts receivable
66,500	46,700	1,300	16,600	11,900	83,500	66,900	85,200	62,500	6,700	-11,060	-43,356	-68,755	20,700	-15,722	2,219	-15,938	-52,597	-40,036	-40,426	-15,318	404	15,526	-22,194	-64,972	-32,800	-33,331	8,140	23,379	16,455	-7,127	-8,919	2,504	-33,333	-47,612	-54,826	-34,626	-9,697	-7,931	-3,557	6,322	26,978	0	0	0
Unbilled receivables
29,800	12,000	20,500	27,000	28,800	14,000	6,400	20,600	10,500	13,500	32,084	21,854	16,996	1,200	8,996	6,918	8,506	21,844	2,854	1,772	13,001	10,305	18,112	21,976	36,236	14,754	21,077	27,849	-3,316	5,122	6,071	-2,473	10,071	11,759	10,269	11,267	-12,148	-16,115	-20,203	-23,632	188	4,015	0	0	0
Inventories
8,100	17,300	16,600	25,000	32,300	21,800	26,100	17,300	16,400	15,300	7,384	6,796	-2,307	-6,300	19	-6,718	-2,623	1,150	-8,135	-4,892	-3,381	-6,349	6,318	8,840	29,086	12,687	-174	-2,547	-22,586	-18,361	2,404	-3,173	-14,136	-23,033	-26,832	-30,001	-19,702	-5,687	9,308	21,343	31,592	31,081	0	0	0
Accounts payable and accrued liabilities
10,400	-12,200	-8,000	5,600	21,900	68,800	42,600	27,200	29,600	73,300	51,227	43,052	38,023	20,200	17,569	-12,321	-37,120	-8,392	-11,283	11,040	29,339	7,747	20,592	25,480	35,928	23,305	30,881	20,489	19,635	9,209	-986	-13,470	5,023	24,347	36,146	54,360	47,789	52,540	39,038	19,221	-23,677	-58,801	0	0	0
Deferred revenue
100,500	108,800	80,700	98,300	72,200	86,600	56,700	81,100	66,900	74,900	56,108	48,666	59,208	25,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, excluding tax associated with gain on disposal of business
-47,600	-105,400	-112,900	-83,500	-71,400	-67,600	-267,900	-267,700	-309,800	-257,000	-43,272	-20,669	-28,727	-47,600	-14,494	-38,605	-15,641	3,069	-27,606	-40,212	-32,611	-46,619	-47,962	-31,166	2,054	-6,427	-14,373	-15,298	-13,360	-15,988	-5,620	-6,264	24,822	14,526	5,068	10,388	2,194	10,123	28,864	11,787	17,577	-6,225	0	0	0
Cash tax paid for gain on disposal of business
0	39,400	39,400	39,400	39,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
15,000	22,400	22,000	12,500	13,800	5,800	6,900	10,900	17,500	18,900	15,501	10,222	7,337	2,800	2,952	786	-2,181	-936	-4,208	-1,258	3,740	-1,528	4,903	4,847	11,064	4,218	-8,825	-4,450	-11,919	-6,567	15,545	18,865	4,396	5,870	-910	-7,254	-1,747	-4,737	-11,500	-9,494	-3,353	-2,527	0	0	0
Cash provided by operating activities
1,535,400	1,461,800	1,459,700	1,473,400	1,438,700	1,430,100	1,334,800	1,232,200	1,138,000	1,234,500	1,136,127	1,137,068	1,134,928	963,800	962,631	872,709	875,498	928,825	920,776	920,259	888,212	840,441	815,012	844,676	843,913	802,553	778,411	728,076	707,663	677,852	658,758	619,884	656,491	601,618	559,650	536,702	491,038	499,540	468,614	411,992	412,008	367,499	0	0	0
Cash flows from (used in) investing activities:
Acquisitions of businesses, net of cash acquired
2,386,900	2,387,300	2,439,400	632,700	1,240,100	1,275,800	1,253,900	1,300,500	189,800	153,700	3,532,313	3,482,332	3,459,352	3,721,800	1,015,691	1,448,124	1,438,554	1,762,883	1,024,904	892,380	892,810	305,379	364,715	69,626	1,074,319	1,074,413	1,037,175	2,438,413	1,451,005	1,467,772	1,451,946	65,854	252,601	233,594	227,197	726,374	521,413	536,413	889,726	367,964	368,878	354,561	0	0	0
Capital expenditures
44,800	52,700	57,100	53,900	55,200	49,100	47,100	47,100	43,600	48,800	46,267	43,752	42,711	37,300	35,690	33,935	35,799	36,260	35,312	37,757	37,116	37,644	39,014	41,199	41,801	42,528	42,518	39,762	39,602	38,405	40,795	41,844	41,897	40,702	37,343	33,868	30,919	28,591	27,568	27,639	27,142	25,885	0	0	0
Capitalized software expenditures
10,800	10,200	10,000	10,000	9,600	9,500	10,000	9,500	9,500	10,800	9,272	7,251	5,335	2,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (used in) disposal of businesses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of businesses
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-900	-984	-962	-593	-1,126	-2,044	-1,676	-1,707	-1,506	-2,652	-2,759	-2,069	-2,174	-771	-984	-1,543	-1,315	-2,347	-2,095	-2,352	-1,990	2,848	2,869	3,054	6,068	5,402	5,353	14,691	11,218	0	0	0
Other, net
400	2,600	2,500	2,500	1,900	700	700	1,100	7,500	6,900	364	-930	-6,927	-8,100	-3,157	-1,592	-1,009	3,500	2,527	8,284	7,503	4,000	7,518	1,299	1,328	1,096	285	244	439	683	2,300	2,556	2,664	3,443	3,065	3,530	4,363	4,338	4,316	4,960	4,633	4,964	0	0	0
Cash provided by (used in) investing activities
-1,510,200	-1,296,000	-2,288,500	-478,600	-1,086,400	-1,335,100	-1,311,700	-1,358,100	-239,800	-209,600	-3,577,582	-3,521,763	-3,500,244	-3,752,900	-945,299	-1,377,241	-1,369,165	-1,698,332	-1,064,363	-939,673	-938,712	-348,105	-409,551	-110,535	-1,115,169	-1,115,863	-1,078,119	-2,476,773	-1,489,959	-1,505,545	-1,493,408	-108,369	-295,534	-275,749	-264,757	-760,903	-553,641	-563,274	-916,208	-395,210	-385,962	-374,192	0	0	0
Borrowings (payments) under revolving line of credit, net
-410,000	-865,000	585,000	-1,095,000	-1,395,000	-405,000	-2,470,000	375,000	245,000	-660,000	2,810,000	1,360,000	1,540,000	1,750,000	-590,000	-315,000	-395,000	180,000	435,000	-155,000	15,000	-250,000	345,000	312,000	200,000	150,000	660,000	-42,000	0	-100,000	-965,000	155,000	145,000	230,000	273,000	-155,000	-145,000	-190,000	-358,000	160,000	230,000	139,000	0	0	0
Principal payments on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	4,300	4,010	411	841	4,006	4,006	3,884	3,582	561	2,148	2,592	4,083	3,702	32,593	45,760	51,059	57,304	28,226	16,136	20,786	26,457	28,345	43,934	32,380	23,411	28,207	41,179	43,352	124,270	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,708	0	0	0
Cash dividends to stockholders
197,100	191,700	186,900	181,200	175,700	170,100	163,000	156,400	149,500	142,800	136,968	131,617	126,327	121,100	115,756	110,618	105,483	100,334	95,242	90,137	85,020	79,859	76,213	72,575	68,955	49,092	62,507	59,568	56,613	69,903	50,663	47,761	44,922	42,090	40,513	38,915	37,286	35,706	34,202	32,766	31,307	29,823	0	0	0
Stock award tax excess windfall benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,228	17,782	17,804	17,663	21,081	18,838	18,113	14,856	11,709	18,637	25,331	27,606	30,747	28,436	20,005	17,314	12,664	6,178	7,231	8,198	6,364	6,045	5,252	3,834	2,813	0	0	0
Proceeds from stock-based compensation, net
25,000	34,900	2,800	10,900	8,800	10,600	42,200	40,500	44,700	28,500	29,005	22,184	16,910	10,000	12,970	11,513	12,735	18,312	3,276	4,092	8,704	10,463	17,529	18,632	9,741	7,944	14,413	20,363	27,035	37,679	53,793	43,567	36,433	28,167	26,571	33,472	35,211	29,047	22,616	15,957	11,781	10,506	0	0	0
Treasury stock sales
7,400	6,800	6,500	6,200	6,000	5,400	5,100	5,000	4,800	4,200	3,924	3,585	3,421	3,300	3,348	3,127	2,981	2,889	2,788	2,772	2,809	2,751	2,696	2,655	2,536	2,449	2,405	2,322	2,237	2,195	2,138	2,168	2,125	2,104	2,050	1,981	1,868	1,697	1,633	1,578	1,589	1,693	0	0	0
Redemption premium on convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	14,200	13,308	1,320	2,805	13,126	13,126	12,721	11,580	1,518	5,542	6,602	10,189	9,124	62,592	61,532	70,174	76,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-10,600	4,100	10,500	1,100	14,500	400	-6,600	700	500	100	6,916	-679	-1,026	-1,100	-8,220	-1,670	-1,762	-1,677	-1,772	-1,444	-1,323	-461	481	945	1,617	1,166	1,012	993	521	-690	-1,509	-2,067	-1,459	-1,067	-605	-604	-1,037	-382	-672	-298	-441	-2,258	0	0	0
Cash used in financing activities
602,600	177,000	804,800	-1,087,400	-300,800	-388,100	-260,600	-135,200	-1,324,500	-1,170,000	2,134,395	2,418,877	2,598,382	2,805,300	187,615	491,024	419,916	996,242	344,700	201,482	242,671	-298,104	-279,359	-553,624	337,806	403,633	403,396	1,604,419	767,340	853,870	945,269	-174,373	-162,871	-256,679	-307,664	114,231	119,574	167,609	446,265	55,690	-20,750	-13,597	0	0	0
Effect of foreign currency exchange rate changes on cash
-20,500	2,500	-16,400	-8,400	-25,200	-13,800	-4,700	19,600	61,800	59,200	30,401	6,835	-25,388	-37,500	-23,255	-42,769	-18,709	-58,654	-64,647	-68,779	-79,563	-43,522	-21,970	10,194	6,313	-1,193	1,183	-49	-6,740	6,312	-1,964	-14,271	-7,815	-1,483	3,866	15,257	13,191	-1,189	664	-2,558	8,480	9,929	0	0	0
Net increase in cash and cash equivalents
607,300	345,300	-40,400	-101,000	26,300	-306,900	-242,200	-241,500	-364,500	-85,900	-276,659	41,017	207,678	-21,300	181,692	-56,277	-92,460	168,081	136,466	113,289	112,608	150,710	104,132	190,711	72,863	89,130	104,871	-144,327	-21,696	32,489	108,655	322,871	190,271	67,707	-8,905	-94,713	70,162	102,686	-665	69,914	13,776	-10,361	0	0	0
Supplemental disclosures:
Noncash investing activities:
Payments to Acquire Businesses, Net of Cash Acquired
2,386,900	2,387,300	2,439,400	632,700	1,240,100	1,275,800	1,253,900	1,300,500	189,800	153,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	889,726	367,964	368,878	354,561	0	0	0