2019 Q1 Form 10-Q Financial Statement
#000088283519000021 Filed on May 03, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $1.287B | $1.203B |
YoY Change | 7.04% | 10.7% |
Cost Of Revenue | $476.6M | $452.0M |
YoY Change | 5.44% | 7.95% |
Gross Profit | $810.6M | $750.5M |
YoY Change | 8.01% | 12.42% |
Gross Profit Margin | 62.97% | 62.41% |
Selling, General & Admin | $464.2M | $450.3M |
YoY Change | 3.09% | 10.02% |
% of Gross Profit | 57.27% | 60.0% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $11.70M | $12.60M |
YoY Change | -7.14% | 1.61% |
% of Gross Profit | 1.44% | 1.68% |
Operating Expenses | $464.2M | $450.3M |
YoY Change | 3.09% | 10.02% |
Operating Profit | $346.4M | $300.2M |
YoY Change | 15.39% | 16.22% |
Interest Expense | $43.70M | $43.20M |
YoY Change | 1.16% | -5.88% |
% of Operating Profit | 12.62% | 14.39% |
Other Income/Expense, Net | -$3.100M | -$1.700M |
YoY Change | 82.35% | 54.55% |
Pretax Income | $419.2M | $255.3M |
YoY Change | 64.2% | 20.82% |
Income Tax | $49.60M | $44.00M |
% Of Pretax Income | 11.83% | 17.23% |
Net Earnings | $369.6M | $211.3M |
YoY Change | 74.92% | 33.65% |
Net Earnings / Revenue | 28.71% | 17.57% |
Basic Earnings Per Share | $3.57 | $2.05 |
Diluted Earnings Per Share | $3.53 | $2.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 103.6M shares | 102.9M shares |
Diluted Shares Outstanding | 104.7M shares | 104.2M shares |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $393.0M | $366.0M |
YoY Change | 7.38% | -49.93% |
Cash & Equivalents | $392.5M | $366.2M |
Short-Term Investments | ||
Other Short-Term Assets | $91.50M | $72.50M |
YoY Change | 26.21% | 5.07% |
Inventory | $207.5M | $216.7M |
Prepaid Expenses | ||
Receivables | $629.3M | $631.2M |
Other Receivables | $18.00M | $46.00M |
Total Short-Term Assets | $1.586B | $1.502B |
YoY Change | 5.59% | -12.32% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $132.2M | $140.9M |
YoY Change | -6.17% | -2.15% |
Goodwill | $9.365B | $8.870B |
YoY Change | 5.59% | |
Intangibles | $3.767B | $3.438B |
YoY Change | 9.57% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $375.4M | $91.50M |
YoY Change | 310.27% | -12.02% |
Total Long-Term Assets | $13.83B | $12.57B |
YoY Change | 9.99% | 0.44% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.586B | $1.502B |
Total Long-Term Assets | $13.83B | $12.57B |
Total Assets | $15.41B | $14.07B |
YoY Change | 9.52% | -1.1% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $173.0M | $171.0M |
YoY Change | 1.17% | 11.76% |
Accrued Expenses | $462.0M | $423.0M |
YoY Change | 9.22% | 10.44% |
Deferred Revenue | $691.1M | $605.5M |
YoY Change | 14.14% | |
Short-Term Debt | $14.00M | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.700M | $801.3M |
YoY Change | -99.79% | 99.83% |
Total Short-Term Liabilities | $1.445B | $2.048B |
YoY Change | -29.44% | 33.04% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.487B | $3.821B |
YoY Change | 17.44% | -29.77% |
Other Long-Term Liabilities | $416.6M | $238.8M |
YoY Change | 74.46% | 113.21% |
Total Long-Term Liabilities | $4.904B | $4.060B |
YoY Change | 20.79% | -26.88% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.445B | $2.048B |
Total Long-Term Liabilities | $4.904B | $4.060B |
Total Liabilities | $7.277B | $6.919B |
YoY Change | 5.18% | -16.23% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $6.569B | $5.479B |
YoY Change | 19.9% | |
Common Stock | $1.100M | $1.000M |
YoY Change | 10.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $18.40M | $18.60M |
YoY Change | -1.08% | |
Treasury Stock Shares | ||
Shareholders Equity | $8.137B | $7.156B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.41B | $14.07B |
YoY Change | 9.52% | -1.1% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $369.6M | $211.3M |
YoY Change | 74.92% | 33.65% |
Depreciation, Depletion And Amortization | $11.70M | $12.60M |
YoY Change | -7.14% | 1.61% |
Cash From Operating Activities | $290.3M | $281.7M |
YoY Change | 3.05% | -25.52% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$17.80M | -$11.60M |
YoY Change | 53.45% | -35.91% |
Acquisitions | $3.200M | $38.90M |
YoY Change | -91.77% | 1289.29% |
Other Investing Activities | $2.200M | $1.000M |
YoY Change | 120.0% | 150.0% |
Cash From Investing Activities | $197.2M | -$51.50M |
YoY Change | -482.91% | 141.78% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $47.70M | $42.10M |
YoY Change | 13.3% | 18.93% |
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$464.3M | -$551.6M |
YoY Change | -15.83% | 38.91% |
NET CHANGE | ||
Cash From Operating Activities | $290.3M | $281.7M |
Cash From Investing Activities | $197.2M | -$51.50M |
Cash From Financing Activities | -$464.3M | -$551.6M |
Net Change In Cash | $28.10M | -$305.1M |
YoY Change | -109.21% | 658.96% |
FREE CASH FLOW | ||
Cash From Operating Activities | $290.3M | $281.7M |
Capital Expenditures | -$17.80M | -$11.60M |
Free Cash Flow | $308.1M | $293.3M |
YoY Change | 5.05% | -25.99% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2019Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
CY2019Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
CY2019Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000882835 | |
CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
103841015 | shares |
CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Roper Technologies Inc | |
CY2019Q1 | dei |
Trading Symbol
TradingSymbol
|
ROP | |
CY2019Q1 | rop |
Contract With Customer Asset Net Increase Decrease
ContractWithCustomerAssetNetIncreaseDecrease
|
25000000 | USD |
CY2019Q1 | rop |
Contract With Customer Liability Noncurrent Increase Decrease
ContractWithCustomerLiabilityNoncurrentIncreaseDecrease
|
900000 | USD |
CY2018Q4 | rop |
Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
|
-574500000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
15249500000 | USD |
CY2019Q1 | us-gaap |
Assets
Assets
|
15414100000 | USD |
CY2018Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
83600000 | USD |
CY2019Q1 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
52300000 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
364400000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
392500000 | USD |
CY2019Q1 | rop |
Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
|
-556100000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
671300000 | USD |
CY2018Q4 | rop |
Deferred Revenue Billings In Excess Of Revenues And Customer Deposits
DeferredRevenueBillingsInExcessOfRevenuesAndCustomerDeposits
|
714100000 | USD |
CY2019Q1 | rop |
Deferred Revenue Billings In Excess Of Revenues And Customer Deposits
DeferredRevenueBillingsInExcessOfRevenuesAndCustomerDeposits
|
719800000 | USD |
CY2019Q1 | rop |
Deferred Revenue Billings In Excess Of Revenues And Customer Deposits Increase Decrease
DeferredRevenueBillingsInExcessOfRevenuesAndCustomerDepositsIncreaseDecrease
|
5700000 | USD |
CY2018Q1 | rop |
Gain Loss On Disposition Of Business Net Of Income Tax Expense Benefit
GainLossOnDispositionOfBusinessNetOfIncomeTaxExpenseBenefit
|
0 | USD |
CY2019Q1 | rop |
Gain Loss On Disposition Of Business Net Of Income Tax Expense Benefit
GainLossOnDispositionOfBusinessNetOfIncomeTaxExpenseBenefit
|
89600000 | USD |
CY2018Q1 | rop |
Income Taxes Paid On Disposition Of Business
IncomeTaxesPaidOnDispositionOfBusiness
|
0 | USD |
CY2019Q1 | rop |
Income Taxes Paid On Disposition Of Business
IncomeTaxesPaidOnDispositionOfBusiness
|
39400000 | USD |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
366200000 | USD |
CY2019Q1 | rop |
Increase Decrease In Contract With Customer Asset Liability
IncreaseDecreaseInContractWithCustomerAssetLiability
|
18400000 | USD |
CY2018Q1 | rop |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
26300000 | USD |
CY2019Q1 | rop |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
11900000 | USD |
CY2019Q1 | rop |
Increase Decrease In Gross Profit Percentage
IncreaseDecreaseInGrossProfitPercentage
|
0.080 | |
CY2019Q1 | rop |
Increase Decrease In Net Sales Percentage
IncreaseDecreaseInNetSalesPercentage
|
0.070 | |
CY2019Q1 | rop |
Increase Decrease In Operating Profit Percentage
IncreaseDecreaseInOperatingProfitPercentage
|
0.126 | |
CY2018Q1 | rop |
Increase Decrease In Unbilled Receivables Current
IncreaseDecreaseInUnbilledReceivablesCurrent
|
10500000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
364400000 | USD |
CY2019Q1 | rop |
Increase Decrease In Unbilled Receivables Current
IncreaseDecreaseInUnbilledReceivablesCurrent
|
25300000 | USD |
CY2019Q1 | rop |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y | |
CY2019Q1 | rop |
Percent Change In Long Lived Assets
PercentChangeInLongLivedAssets
|
0.020 | |
CY2018Q1 | rop |
Proceeds From Stock Based Compensation Net
ProceedsFromStockBasedCompensationNet
|
23800000 | USD |
CY2019Q1 | rop |
Proceeds From Stock Based Compensation Net
ProceedsFromStockBasedCompensationNet
|
22000000 | USD |
CY2019Q1 | rop |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.61 | |
CY2018Q1 | rop |
Segment Operating Profit
SegmentOperatingProfit
|
341900000 | USD |
CY2019Q1 | rop |
Segment Operating Profit
SegmentOperatingProfit
|
384900000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
392500000 | USD |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-305100000 | USD |
CY2018Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
165300000 | USD |
CY2019Q1 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
172600000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
700800000 | USD |
CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
629300000 | USD |
CY2018Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
58300000 | USD |
CY2019Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
78700000 | USD |
CY2018Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
258000000 | USD |
CY2019Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
298000000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
28100000 | USD |
CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-243300000 | USD |
CY2019Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-214600000 | USD |
CY2018Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1751500000 | USD |
CY2019Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1799900000 | USD |
CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26000000 | USD |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
25300000 | USD |
CY2018Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1600000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1700000 | USD |
CY2018Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16300000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4900000 | USD |
CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5500000 | USD |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5300000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1386600000 | USD |
CY2018Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
75300000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
82900000 | USD |
CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1610700000 | USD |
CY2019Q1 | us-gaap |
Assets Current
AssetsCurrent
|
1586000000 | USD |
CY2019Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4125 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4625 | |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1100000 | USD |
CY2019Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1100000 | USD |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
269100000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
398300000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
169400000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
194400000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
677900000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
691100000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
29800000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
30700000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
308200000 | USD |
CY2018Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
452000000 | USD |
CY2019Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
476600000 | USD |
CY2018Q4 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
248300000 | USD |
CY2019Q1 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
164300000 | USD |
CY2018Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
52200000 | USD |
CY2019Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
93000000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
931100000 | USD |
CY2019Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
920500000 | USD |
CY2018Q1 | us-gaap |
Depreciation
Depreciation
|
12600000 | USD |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
11700000 | USD |
CY2018Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
167900000 | USD |
CY2019Q1 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
95300000 | USD |
CY2018Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
42600000 | USD |
CY2019Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
47900000 | USD |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.05 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.57 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.03 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.53 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1471800000 | USD |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
119600000 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
9346800000 | USD |
CY2019Q1 | us-gaap |
Goodwill
Goodwill
|
9365400000 | USD |
CY2019Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | USD |
CY2019Q1 | us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
|
1000000 | USD |
CY2019Q1 | us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
17600000 | USD |
CY2019Q1 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
0 | USD |
CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
750500000 | USD |
CY2019Q1 | us-gaap |
Gross Profit
GrossProfit
|
810600000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
255300000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
419200000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
44000000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
49600000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-17300000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-88900000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-45900000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-92800000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-13800000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-17600000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
19500000 | USD |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1300000 | shares |
CY2019Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1100000 | shares |
CY2018Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
5228700000 | USD |
CY2019Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
5238600000 | USD |
CY2018Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3842100000 | USD |
CY2019Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3766800000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
43200000 | USD |
CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
43700000 | USD |
CY2018Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
74600000 | USD |
CY2019Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
79300000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
190800000 | USD |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
207500000 | USD |
CY2018Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
120300000 | USD |
CY2019Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
128800000 | USD |
CY2018Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
30300000 | USD |
CY2019Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
31300000 | USD |
CY2018Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
26200000 | USD |
CY2019Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
30700000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
308600000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
95500000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
29300000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
7511000000 | USD |
CY2018Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
38900000 | USD |
CY2019Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
24200000 | USD |
CY2018Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
0 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
35900000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
28700000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
47500000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
55000000 | USD |
CY2019Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
7900000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1500000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
57800000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
28700000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
45400000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
29400000 | USD |
CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
7276700000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15249500000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15414100000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1448200000 | USD |
CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1444700000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1700000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4940200000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4487000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-551600000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-464300000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-51500000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
197200000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
281700000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
290300000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
211300000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
369600000 | USD |
CY2018Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
176100000 | USD |
CY2019Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
179600000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1700000 | USD |
CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-3100000 | USD |
CY2019Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
4 | segment |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
300200000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
346400000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
15900000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
279200000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
52700000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
226500000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
15900000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
270600000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.029 | |
CY2018Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
80000000 | USD |
CY2019Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
91500000 | USD |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
101100000 | USD |
CY2019Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
375400000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
57800000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
191500000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
416600000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
24300000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
29100000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
36800000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
1600000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
2200000 | USD |
CY2018Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
0 | USD |
CY2019Q1 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
14100000 | USD |
CY2018Q1 | us-gaap |
Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
|
9500000 | USD |
CY2019Q1 | us-gaap |
Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
|
17500000 | USD |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1000000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
2200000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
42100000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
47700000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
38900000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
3200000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
9700000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
15800000 | USD |
CY2018Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
1900000 | USD |
CY2019Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
2000000 | USD |
CY2018Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
21700000 | USD |
CY2019Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
18500000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | USD |
CY2019Q1 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
220400000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
100000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
14200000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
1600000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
2200000 | USD |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9300000 | USD |
CY2019Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9900000 | USD |
CY2019Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
2700000 | USD |
CY2019Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3300000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
128700000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
132200000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
535000000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
455000000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6247700000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6569400000 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1202500000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1287200000 | USD |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2770800000 | USD |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
|
P12M | |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
18200000 | USD |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
450300000 | USD |
CY2019Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
464200000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26000000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
25300000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-5300000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-14800000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
25700000 | USD |
CY2019Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
18400000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103600000 | shares |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6863600000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7155500000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7738500000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8137400000 | USD |
CY2018Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
18500000 | USD |
CY2018Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
169400000 | USD |
CY2019Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
194400000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104200000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104700000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102900000 | shares |
CY2019Q1 | 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;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</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, 2018</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;">9.3</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;">3.3</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;">(2.7</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 March 31, 2019</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;">9.9</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> |