2018 Q4 Form 10-Q Financial Statement
#000088283518000067 Filed on November 05, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q1 |
---|---|---|---|
Revenue | $1.376B | $1.319B | $1.203B |
YoY Change | 12.21% | 13.69% | 10.7% |
Cost Of Revenue | $503.2M | $478.7M | $452.0M |
YoY Change | 9.04% | 10.43% | 7.95% |
Gross Profit | $873.1M | $840.0M | $750.5M |
YoY Change | 14.12% | 15.64% | 12.42% |
Gross Profit Margin | 63.44% | 63.7% | 62.41% |
Selling, General & Admin | $508.7M | $462.5M | $450.3M |
YoY Change | 21.67% | 11.28% | 10.02% |
% of Gross Profit | 58.26% | 55.06% | 60.0% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $94.10M | $94.70M | $12.60M |
YoY Change | 8.54% | 9.1% | 1.61% |
% of Gross Profit | 10.78% | 11.27% | 1.68% |
Operating Expenses | $508.7M | $462.5M | $450.3M |
YoY Change | 21.67% | 11.28% | 10.02% |
Operating Profit | $364.4M | $377.5M | $300.2M |
YoY Change | 5.04% | 21.46% | 16.22% |
Interest Expense | -$47.30M | $48.40M | $43.20M |
YoY Change | 8.99% | 6.37% | -5.88% |
% of Operating Profit | -12.98% | 12.82% | 14.39% |
Other Income/Expense, Net | $1.000M | -$1.600M | -$1.700M |
YoY Change | -600.0% | 128.57% | 54.55% |
Pretax Income | $318.1M | $311.6M | $255.3M |
YoY Change | 4.85% | 17.76% | 20.82% |
Income Tax | $72.70M | $64.00M | $44.00M |
% Of Pretax Income | 22.85% | 20.54% | 17.23% |
Net Earnings | $257.1M | $247.6M | $211.3M |
YoY Change | -42.08% | 30.11% | 33.65% |
Net Earnings / Revenue | 18.68% | 18.78% | 17.57% |
Basic Earnings Per Share | $2.49 | $2.39 | $2.05 |
Diluted Earnings Per Share | $2.46 | $2.37 | $2.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 103.4M shares | 103.4M shares | 102.9M shares |
Diluted Shares Outstanding | 104.6M shares | 104.2M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $364.0M | $363.0M | $366.0M |
YoY Change | -45.75% | -40.1% | -49.93% |
Cash & Equivalents | $364.4M | $363.4M | $366.2M |
Short-Term Investments | |||
Other Short-Term Assets | $80.00M | $83.30M | $72.50M |
YoY Change | 8.84% | -27.82% | 5.07% |
Inventory | $190.8M | $212.2M | $216.7M |
Prepaid Expenses | |||
Receivables | $700.8M | $671.7M | $631.2M |
Other Receivables | $22.00M | $49.00M | $46.00M |
Total Short-Term Assets | $1.611B | $1.608B | $1.502B |
YoY Change | -8.45% | -4.97% | -12.32% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $128.7M | $130.2M | $140.9M |
YoY Change | -9.68% | -7.84% | -2.15% |
Goodwill | $9.347B | $9.401B | $8.870B |
YoY Change | 5.97% | 6.91% | |
Intangibles | $3.842B | $3.887B | $3.438B |
YoY Change | 10.56% | 10.97% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $101.1M | $102.0M | $91.50M |
YoY Change | 14.5% | 21.09% | -12.02% |
Total Long-Term Assets | $13.64B | $13.64B | $12.57B |
YoY Change | 8.62% | 8.62% | 0.44% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.611B | $1.608B | $1.502B |
Total Long-Term Assets | $13.64B | $13.64B | $12.57B |
Total Assets | $15.25B | $15.25B | $14.07B |
YoY Change | 6.52% | 7.01% | -1.1% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $165.3M | $164.0M | $171.0M |
YoY Change | -3.39% | 0.0% | 11.76% |
Accrued Expenses | $258.0M | $463.0M | $423.0M |
YoY Change | -3.23% | 7.67% | 10.44% |
Deferred Revenue | $677.9M | $649.1M | $605.5M |
YoY Change | 19.69% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.500M | $801.6M | $801.3M |
YoY Change | -99.81% | 99.63% | 99.83% |
Total Short-Term Liabilities | $1.448B | $2.119B | $2.048B |
YoY Change | -28.64% | 34.41% | 33.04% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.940B | $4.414B | $3.821B |
YoY Change | 13.45% | -10.51% | -29.77% |
Other Long-Term Liabilities | $191.5M | $196.8M | $238.8M |
YoY Change | -19.94% | 71.4% | 113.21% |
Total Long-Term Liabilities | $5.132B | $4.611B | $4.060B |
YoY Change | 11.71% | -8.65% | -26.88% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.448B | $2.119B | $2.048B |
Total Long-Term Liabilities | $5.132B | $4.611B | $4.060B |
Total Liabilities | $7.511B | $7.690B | $6.919B |
YoY Change | 0.78% | -1.25% | -16.23% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $6.248B | $6.038B | $5.479B |
YoY Change | 14.33% | 19.27% | |
Common Stock | $1.100M | $1.100M | $1.000M |
YoY Change | -99.93% | 5.47% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $18.50M | $18.60M | $18.60M |
YoY Change | -1.07% | -0.78% | |
Treasury Stock Shares | 1.900M shares | ||
Shareholders Equity | $7.739B | $7.555B | $7.156B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.25B | $15.25B | $14.07B |
YoY Change | 6.52% | 7.01% | -1.1% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $257.1M | $247.6M | $211.3M |
YoY Change | -42.08% | 30.11% | 33.65% |
Depreciation, Depletion And Amortization | $94.10M | $94.70M | $12.60M |
YoY Change | 8.54% | 9.1% | 1.61% |
Cash From Operating Activities | $464.1M | $418.2M | $281.7M |
YoY Change | 25.84% | 32.51% | -25.52% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$17.20M | -$13.90M | -$11.60M |
YoY Change | 10.26% | 3.73% | -35.91% |
Acquisitions | $38.90M | ||
YoY Change | 1289.29% | ||
Other Investing Activities | -$87.50M | -$5.900M | $1.000M |
YoY Change | 33.38% | -88.85% | 150.0% |
Cash From Investing Activities | -$104.7M | -$19.80M | -$51.50M |
YoY Change | 28.78% | -70.09% | 141.78% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $42.10M | ||
YoY Change | 18.93% | ||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -347.3M | -457.2M | -$551.6M |
YoY Change | 58.01% | 37.79% | 38.91% |
NET CHANGE | |||
Cash From Operating Activities | 464.1M | 418.2M | $281.7M |
Cash From Investing Activities | -104.7M | -19.80M | -$51.50M |
Cash From Financing Activities | -347.3M | -457.2M | -$551.6M |
Net Change In Cash | 12.10M | -58.80M | -$305.1M |
YoY Change | -82.13% | -28.64% | 658.96% |
FREE CASH FLOW | |||
Cash From Operating Activities | $464.1M | $418.2M | $281.7M |
Capital Expenditures | -$17.20M | -$13.90M | -$11.60M |
Free Cash Flow | $481.3M | $432.1M | $293.3M |
YoY Change | 25.21% | 31.34% | -25.99% |
Facts In Submission
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2018-09-30 | ||
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|
-2700000 | USD | |
CY2017Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
8300000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
23700000 | USD | |
CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5700000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
17000000 | USD | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1230600000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1348600000 | USD |
us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
660700000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
9400000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD | |
CY2017Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
CY2018Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-15900000 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-15900000 | USD | |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
8820300000 | USD |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
9401300000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
663600000 | USD | |
us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
|
6300000 | USD | |
us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
-9600000 | USD | |
us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
79300000 | USD | |
CY2017Q3 | us-gaap |
Gross Profit
GrossProfit
|
726400000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
2099700000 | USD | |
CY2018Q3 | us-gaap |
Gross Profit
GrossProfit
|
840000000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
2406400000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
264600000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
731300000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
311600000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
880300000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
74300000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
203400000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
64000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
193000000 | USD | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-30100000 | USD | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
30100000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
48300000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
17600000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-48400000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-59300000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
50600000 | USD | |
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1200000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1200000 | shares | |
CY2017Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
4705800000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
5235600000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3475200000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3887000000 | USD |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
45500000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
137200000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
48400000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
134800000 | USD | |
CY2017Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
82400000 | USD |
CY2018Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
81100000 | USD |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
204900000 | USD |
CY2018Q3 | us-gaap |
Inventory Net
InventoryNet
|
212200000 | USD |
CY2017Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
132900000 | USD |
CY2018Q3 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
136700000 | USD |
CY2017Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
38100000 | USD |
CY2018Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
35900000 | USD |
CY2017Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
27700000 | USD |
CY2018Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
30300000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
7452800000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
7690200000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14316400000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15245100000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2029400000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2119300000 | USD |
CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
32200000 | USD |
CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
1600000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
800900000 | USD |
CY2018Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
801600000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4354600000 | USD |
CY2018Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4414300000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-950200000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-40800000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-128300000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1230400000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
865700000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
966000000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
190300000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
527900000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
247600000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
687300000 | USD | |
CY2018Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
48800000 | USD |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
1500000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
200000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6500000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
10600000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | USD | |
CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
10600000 | USD |
CY2018Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9200000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
7000000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
6700000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
142500000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
130200000 | USD |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
880000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
930000000 | USD | |
us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
0 | USD | |
us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
500000000 | USD | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
5464600000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6038400000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
5478900000 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1159900000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3380900000 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1318700000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3814900000 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1318700000 | USD |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3814900000 | USD | |
CY2018Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2817400000 | USD |
CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
415600000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1236400000 | USD | |
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
462500000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1374400000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
67600000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
81100000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-7300000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
80200000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
53900000 | USD | |
us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
4100000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6863600000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7554900000 | USD |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
18700000 | USD |
CY2018Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
18600000 | USD |
CY2017Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
143600000 | USD |
CY2018Q3 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
176100000 | USD |
CY2018Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
146400000 | USD |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
103700000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
103400000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104600000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104400000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102300000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102100000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103400000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103200000 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Roper, in the ordinary course of business, is the subject of, or a party to, various pending or threatened legal actions, including product liability and employment practices that, in general, are based upon claims of the kind that have been customary over the past several years and which the Company is vigorously defending. After analyzing the Company’s contingent liabilities on a gross basis and, based upon past experience with resolution of its product liability and employment practices claims and the limits of the primary, excess, and umbrella liability insurance coverages that are available with respect to pending claims, management believes that adequate provision has been made to cover any potential liability not covered by insurance, and that the ultimate liability, if any, arising from these actions should not have a material adverse effect on Roper’s consolidated financial position, results of operations or cash flows.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Roper or its subsidiaries have been named defendants along with numerous industrial companies in asbestos-related litigation claims in certain U.S. states. No significant resources have been required by Roper to respond to these cases and Roper believes it has valid defenses to such claims and, if required, intends to defend them vigorously. Given the state of these claims, it is not possible to determine the potential liability, if any. In April 2018, a stockholder derivative complaint was filed in Sarasota County, Florida against the Company, nominally, and its directors and former chairman & chief executive officer (“CEO”), alleging the directors breached their fiduciary duties and were unjustly enriched by the compensation earned by the nonexecutive directors and the CEO in 2015 and 2016. A motion to dismiss the complaint is pending.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Roper’s consolidated financial statements include accruals for potential product liability and warranty claims based on its claims experience. Such costs are accrued at the time revenue is recognized. A summary of the warranty accrual activity for the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2018</font><font style="font-family:inherit;font-size:10pt;"> is presented below:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:89%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at December 31, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions charged to costs and expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deductions</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Warranty related to liabilities held for sale</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at September 30, 2018</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> | ||
us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
14300000 | USD | |
CY2017Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
167400000 | USD |
CY2018Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
173100000 | USD |
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-700000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
5200000 | USD | |
CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1600000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1000000 | USD | |
us-gaap |
Number Of Businesses Acquired
NumberOfBusinessesAcquired
|
6 | acquisition | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
310800000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
863300000 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
377500000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1032000000 | USD | |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
73500000 | USD |
CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
83300000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
72500000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
88300000 | USD |
CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
102000000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
91500000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
67500000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
147500000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
5000000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-13400000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
67500000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
147500000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
5000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-13400000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
239200000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
196800000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
238800000 | USD |
us-gaap |
Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
|
17900000 | USD | |
us-gaap |
Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
|
5900000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
6900000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
700000 | USD | |
us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
0 | USD | |
us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
15500000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
12800000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
106500000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
126700000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
88100000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1188300000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
35900000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
34200000 | USD | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
8000000 | USD | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
7200000 | USD | |
CY2017Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
24400000 | USD |