$FTV
Fortive Corp

2020 Q1 Form 10-Q Financial Statement

#000165916620000078 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.108B $980.4M
YoY Change 13.03% -43.68%
Cost Of Revenue $496.1M $780.2M
YoY Change -36.41% 7.48%
Gross Profit $612.0M $551.6M
YoY Change 10.95% -28.02%
Gross Profit Margin 55.23% 56.26%
Selling, General & Admin $415.8M $486.4M
YoY Change -14.51% 25.2%
% of Gross Profit 67.94% 88.18%
Research & Development $80.80M $109.0M
YoY Change -25.87% 9.11%
% of Gross Profit 13.2% 19.76%
Depreciation & Amortization $20.20M $29.70M
YoY Change -31.99% -4.19%
% of Gross Profit 3.3% 5.38%
Operating Expenses $496.6M $595.4M
YoY Change -16.59% 21.91%
Operating Profit $115.4M $112.0M
YoY Change 3.04% -59.7%
Interest Expense $38.60M $25.30M
YoY Change 52.57% 8.58%
% of Operating Profit 33.45% 22.59%
Other Income/Expense, Net -$4.500M $400.0K
YoY Change -1225.0% -157.14%
Pretax Income $72.30M $192.4M
YoY Change -62.42% -24.22%
Income Tax $17.50M $28.40M
% Of Pretax Income 24.2% 14.76%
Net Earnings $41.90M $164.4M
YoY Change -74.51% -37.06%
Net Earnings / Revenue 3.78% 16.77%
Basic Earnings Per Share $0.07 $0.44
Diluted Earnings Per Share $0.07 $0.43
COMMON SHARES
Basic Shares Outstanding 336.8M shares 335.1M shares
Diluted Shares Outstanding 340.0M shares 339.5M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.041B $3.729B
YoY Change -72.08% 267.03%
Cash & Equivalents $1.041B $3.729B
Short-Term Investments
Other Short-Term Assets $437.0M $312.0M
YoY Change 40.06% 13.04%
Inventory $650.4M $608.3M
Prepaid Expenses
Receivables $1.318B $1.147B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.446B $5.796B
YoY Change -40.56% 88.21%
LONG-TERM ASSETS
Property, Plant & Equipment $520.0M $468.3M
YoY Change 11.04% -34.02%
Goodwill $8.271B $6.169B
YoY Change 34.08% 20.34%
Intangibles $3.751B $2.436B
YoY Change 54.01% 93.42%
Long-Term Investments
YoY Change
Other Assets $744.0M $620.7M
YoY Change 19.86% 29.18%
Total Long-Term Assets $13.49B $9.860B
YoY Change 36.78% 30.15%
TOTAL ASSETS
Total Short-Term Assets $3.446B $5.796B
Total Long-Term Assets $13.49B $9.860B
Total Assets $16.93B $15.66B
YoY Change 8.15% 46.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $745.0M $668.0M
YoY Change 11.53% -6.18%
Accrued Expenses $1.072B $837.8M
YoY Change 28.0% 11.75%
Deferred Revenue $423.5M $306.2M
YoY Change 38.31%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $250.0M $1.055B
YoY Change -76.31%
Total Short-Term Liabilities $2.121B $2.640B
YoY Change -19.64% 80.62%
LONG-TERM LIABILITIES
Long-Term Debt $5.826B $4.728B
YoY Change 23.22% 18.3%
Other Long-Term Liabilities $1.577B $1.313B
YoY Change 20.07% 20.76%
Total Long-Term Liabilities $7.403B $6.041B
YoY Change 22.53% 455.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.121B $2.640B
Total Long-Term Liabilities $7.403B $6.041B
Total Liabilities $9.524B $8.681B
YoY Change 9.71% 240.59%
SHAREHOLDERS EQUITY
Retained Earnings $4.099B $3.676B
YoY Change 11.48% 132.2%
Common Stock $3.400M $3.400M
YoY Change 0.0% -2.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.242B $6.851B
YoY Change
Total Liabilities & Shareholders Equity $16.93B $15.66B
YoY Change 8.15% 46.93%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $41.90M $164.4M
YoY Change -74.51% -37.06%
Depreciation, Depletion And Amortization $20.20M $29.70M
YoY Change -31.99% -4.19%
Cash From Operating Activities $191.0M $156.2M
YoY Change 22.28% -8.65%
INVESTING ACTIVITIES
Capital Expenditures $26.20M $24.00M
YoY Change 9.17% -7.34%
Acquisitions $1.100M $0.00
YoY Change -100.0%
Other Investing Activities -$200.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$44.20M -$24.00M
YoY Change 84.17% -38.46%
FINANCING ACTIVITIES
Cash Dividend Paid $23.40M
YoY Change -3.7%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $400.0M
YoY Change
Cash From Financing Activities -$283.2M $2.411B
YoY Change -111.75% -2659.66%
NET CHANGE
Cash From Operating Activities $191.0M $156.2M
Cash From Investing Activities -$44.20M -$24.00M
Cash From Financing Activities -$283.2M $2.411B
Net Change In Cash -$164.7M $2.551B
YoY Change -106.46% 4658.4%
FREE CASH FLOW
Cash From Operating Activities $191.0M $156.2M
Capital Expenditures $26.20M $24.00M
Free Cash Flow $164.8M $132.2M
YoY Change 24.66% -8.89%

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192400000 USD

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