$FTV
Fortive Corp

2024 Q4 Form 10-Q Financial Statement

#000165916624000162 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.535B
YoY Change 2.68%
Cost Of Revenue $613.3M
YoY Change 1.96%
Gross Profit $921.3M
YoY Change 3.17%
Gross Profit Margin 60.04%
Selling, General & Admin $524.1M
YoY Change 4.09%
% of Gross Profit 56.89%
Research & Development $101.7M
YoY Change 3.35%
% of Gross Profit 11.04%
Depreciation & Amortization $135.8M
YoY Change 18.29%
% of Gross Profit 14.74%
Operating Expenses $625.8M
YoY Change 3.97%
Operating Profit $295.5M
YoY Change 1.51%
Interest Expense -$37.00M
YoY Change -224.16%
% of Operating Profit -12.52%
Other Income/Expense, Net -$26.30M
YoY Change 526.19%
Pretax Income $232.2M
YoY Change -9.68%
Income Tax $10.60M
% Of Pretax Income 4.57%
Net Earnings $221.6M
YoY Change 1.65%
Net Earnings / Revenue 14.44%
Basic Earnings Per Share $0.63
Diluted Earnings Per Share $0.63
COMMON SHARES
Basic Shares Outstanding 346.9M shares 350.3M shares
Diluted Shares Outstanding 352.3M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $811.3M
YoY Change 13.63%
Cash & Equivalents $811.3M
Short-Term Investments
Other Short-Term Assets $226.8M
YoY Change 34.2%
Inventory $563.9M
Prepaid Expenses
Receivables $912.2M
Other Receivables $0.00
Total Short-Term Assets $2.635B
YoY Change 6.72%
LONG-TERM ASSETS
Property, Plant & Equipment $425.1M
YoY Change -1.32%
Goodwill $10.32B
YoY Change 13.95%
Intangibles $3.510B
YoY Change 8.79%
Long-Term Investments
YoY Change
Other Assets $561.0M
YoY Change 17.05%
Total Long-Term Assets $14.82B
YoY Change 12.3%
TOTAL ASSETS
Total Short-Term Assets $2.635B
Total Long-Term Assets $14.82B
Total Assets $17.45B
YoY Change 11.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $623.8M
YoY Change 8.49%
Accrued Expenses $1.069B
YoY Change -2.41%
Deferred Revenue $510.8M
YoY Change -0.53%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $408.1M
YoY Change -45.58%
Total Short-Term Liabilities $2.101B
YoY Change -13.19%
LONG-TERM LIABILITIES
Long-Term Debt $3.452B
YoY Change 74.15%
Other Long-Term Liabilities $1.340B
YoY Change 13.64%
Total Long-Term Liabilities $4.791B
YoY Change 51.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.101B
Total Long-Term Liabilities $4.791B
Total Liabilities $6.892B
YoY Change 23.5%
SHAREHOLDERS EQUITY
Retained Earnings $8.046B
YoY Change 10.69%
Common Stock $3.700M
YoY Change 2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.55B
YoY Change
Total Liabilities & Shareholders Equity $17.45B
YoY Change 11.42%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $221.6M
YoY Change 1.65%
Depreciation, Depletion And Amortization $135.8M
YoY Change 18.29%
Cash From Operating Activities $459.0M
YoY Change 11.57%
INVESTING ACTIVITIES
Capital Expenditures $27.80M
YoY Change -0.36%
Acquisitions
YoY Change
Other Investing Activities $10.20M
YoY Change -118.41%
Cash From Investing Activities -$17.60M
YoY Change -78.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -281.6M
YoY Change -13.33%
NET CHANGE
Cash From Operating Activities 459.0M
Cash From Investing Activities -17.60M
Cash From Financing Activities -281.6M
Net Change In Cash 159.8M
YoY Change 4893.75%
FREE CASH FLOW
Cash From Operating Activities $459.0M
Capital Expenditures $27.80M
Free Cash Flow $431.2M
YoY Change 12.44%

Facts In Submission

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CY2024Q1 srt Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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CY2024Q3 us-gaap Treasury Stock Shares Acquired
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CY2023Q3 us-gaap Treasury Stock Shares Acquired
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-25600000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-26300000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4200000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-59300000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14500000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232200000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
257100000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
694900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
713300000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001659166-24-000162.txt Edgar Link pending
0001659166-24-000162-xbrl.zip Edgar Link pending
a2024927-ex311.htm Edgar Link pending
a2024927-ex312.htm Edgar Link pending
a2024927-ex321.htm Edgar Link pending
a2024927-ex322.htm Edgar Link pending
exhibit101-fortivecorporat.htm Edgar Link pending
exhibit102-fortivecorporat.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ftv-20240927.htm Edgar Link pending
ftv-20240927.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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ftv-20240927_htm.xml Edgar Link completed
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ftv-20240927_def.xml Edgar Link unprocessable
ftv-20240927_lab.xml Edgar Link unprocessable