2023 Q1 Form 10-K Financial Statement

#000088283523000016 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.470B $1.431B $5.372B
YoY Change -3.73% -5.38% -7.03%
Cost Of Revenue $451.1M $428.6M $1.619B
YoY Change -9.14% -13.29% -12.98%
Gross Profit $1.019B $1.002B $3.753B
YoY Change -1.12% -1.54% -4.2%
Gross Profit Margin 69.31% 70.05% 69.86%
Selling, General & Admin $617.6M $589.8M $2.228B
YoY Change 1.41% -1.35% -4.68%
% of Gross Profit 60.63% 58.84% 59.38%
Research & Development $529.8M
YoY Change 0.26%
% of Gross Profit 14.12%
Depreciation & Amortization $183.7M $183.7M $650.1M
YoY Change 1570.0% 16.93% 2.52%
% of Gross Profit 18.03% 18.33% 17.32%
Operating Expenses $617.6M $589.8M $2.228B
YoY Change 1.41% -1.35% -22.25%
Operating Profit $401.0M $412.5M $1.525B
YoY Change -4.77% 28.67% 2.99%
Interest Expense -$38.60M -$53.80M -$192.4M
YoY Change -173.38% -3.76% -182.19%
% of Operating Profit -9.63% -13.04% -12.62%
Other Income/Expense, Net -$2.300M -$50.30M -$50.10M
YoY Change 21.05% -301.2%
Pretax Income $360.1M $308.4M $1.282B
YoY Change -1.77% 16.51% 0.87%
Income Tax $75.80M $61.10M $296.4M
% Of Pretax Income 21.05% 19.81% 23.12%
Net Earnings $283.1M $1.928B $4.545B
YoY Change -85.99% 570.05% 294.3%
Net Earnings / Revenue 19.26% 134.77% 84.6%
Basic Earnings Per Share $2.66 $18.18 $42.92
Diluted Earnings Per Share $2.66 $18.06M $42.55M
COMMON SHARES
Basic Shares Outstanding 106.2M shares 106.1M shares 105.9M shares
Diluted Shares Outstanding 107.0M shares 106.8M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.182B $792.8M $792.8M
YoY Change -63.5% 125.23% 125.23%
Cash & Equivalents $1.182B $792.8M $792.8M
Short-Term Investments
Other Short-Term Assets $180.1M $151.3M $151.3M
YoY Change 11.93% 11.17% -83.75%
Inventory $115.0M $111.3M $111.3M
Prepaid Expenses
Receivables $730.0M $816.0M $816.0M
Other Receivables $25.50M $61.00M $61.00M
Total Short-Term Assets $2.232B $1.932B $1.932B
YoY Change -50.24% -20.19% -20.18%
LONG-TERM ASSETS
Property, Plant & Equipment $86.30M $85.30M $85.30M
YoY Change -12.74% 3.14% -73.67%
Goodwill $15.96B $15.95B
YoY Change 13.25% 18.33%
Intangibles $7.872B $8.031B
YoY Change 21.96% 23.38%
Long-Term Investments $535.0M $535.0M $535.0M
YoY Change
Other Assets $446.8M $451.3M $451.3M
YoY Change 11.45% 22.04% 57.8%
Total Long-Term Assets $24.90B $25.05B $25.05B
YoY Change 17.74% 17.64% 17.64%
TOTAL ASSETS
Total Short-Term Assets $2.232B $1.932B $1.932B
Total Long-Term Assets $24.90B $25.05B $25.05B
Total Assets $27.13B $26.98B $26.98B
YoY Change 5.85% 13.78% 13.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.0M $122.6M $122.6M
YoY Change -20.14% -18.81% -18.81%
Accrued Expenses $567.6M $683.4M $683.4M
YoY Change 37.43% 71.41% 9.0%
Deferred Revenue $1.304B $1.371B
YoY Change 16.38% 23.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $699.5M $699.2M $699.2M
YoY Change -12.51% -12.51% -12.49%
Total Short-Term Liabilities $2.775B $2.893B $2.893B
YoY Change -20.74% -7.35% -7.35%
LONG-TERM LIABILITIES
Long-Term Debt $5.964B $5.963B $5.963B
YoY Change -10.37% -16.29% -16.29%
Other Long-Term Liabilities $409.4M $411.2M $411.2M
YoY Change -9.26% 5.41% -3.47%
Total Long-Term Liabilities $6.374B $6.374B $6.374B
YoY Change -10.3% -15.16% -15.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.775B $2.893B $2.893B
Total Long-Term Liabilities $6.374B $6.374B $6.374B
Total Liabilities $10.80B $10.94B $10.94B
YoY Change -10.61% -9.93% -9.93%
SHAREHOLDERS EQUITY
Retained Earnings $13.94B $13.73B
YoY Change 22.18% 45.21%
Common Stock $1.100M $1.100M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.33B $16.04B $16.04B
YoY Change
Total Liabilities & Shareholders Equity $27.13B $26.98B $26.98B
YoY Change 5.85% 13.78% 13.78%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $283.1M $1.928B $4.545B
YoY Change -85.99% 570.05% 294.3%
Depreciation, Depletion And Amortization $183.7M $183.7M $650.1M
YoY Change 1570.0% 16.93% 2.52%
Cash From Operating Activities $463.7M $71.70M $734.6M
YoY Change -2.44% -87.63% -63.49%
INVESTING ACTIVITIES
Capital Expenditures $19.70M -$18.40M -$70.30M
YoY Change -234.93% 3.37% 12.3%
Acquisitions $1.100M $4.280B
YoY Change -97.93% 1872.4%
Other Investing Activities -$7.100M -$1.130B $1.280B
YoY Change 1266.02% 182728.57%
Cash From Investing Activities -$26.80M -$1.148B $1.210B
YoY Change -100.91% 1042.39% -946.4%
FINANCING ACTIVITIES
Cash Dividend Paid $72.30M $262.3M
YoY Change 10.72% 10.96%
Common Stock Issuance & Retirement, Net $82.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.50M -52.20M -1.465B
YoY Change -89.91% -88.95% -19.2%
NET CHANGE
Cash From Operating Activities 463.7M 71.70M 734.6M
Cash From Investing Activities -26.80M -1.148B 1.210B
Cash From Financing Activities -52.50M -52.20M -1.465B
Net Change In Cash 384.4M -1.129B 478.8M
YoY Change -86.68% -17734.37% 1008.33%
FREE CASH FLOW
Cash From Operating Activities $463.7M $71.70M $734.6M
Capital Expenditures $19.70M -$18.40M -$70.30M
Free Cash Flow $444.0M $90.10M $804.9M
YoY Change -9.37% -84.92% -61.2%

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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
351500000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308300000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
709700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
792800000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
351500000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308300000 usd
CY2022 us-gaap Interest Paid Net
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206500000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
222200000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
197700000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4891800000 usd
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
249800000 usd
CY2020 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
6715400000 usd
CY2022 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
611700000 usd
CY2021 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
32800000 usd
CY2020 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
697300000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4280100000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
217000000.0 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6018100000 usd
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 acquisition
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
432900000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105900000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105300000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104600000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106800000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106500000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105700000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
834000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
521000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
208000 shares
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.</span>
CY2022 us-gaap Number Of Reporting Units
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21 reporting_unit
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
529800000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
484800000 usd
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
382400000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5371800000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4833800000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4022400000 usd
CY2022Q4 rop Allowance For Doubtful Accounts Receivable And Sales Returns And Allowances Net Current
AllowanceForDoubtfulAccountsReceivableAndSalesReturnsAndAllowancesNetCurrent
16600000 usd
CY2021Q4 rop Allowance For Doubtful Accounts Receivable And Sales Returns And Allowances Net Current
AllowanceForDoubtfulAccountsReceivableAndSalesReturnsAndAllowancesNetCurrent
15700000 usd
CY2022Q4 rop Capitalized Contract Cost Noncurrent
CapitalizedContractCostNoncurrent
33100000 usd
CY2021Q4 rop Capitalized Contract Cost Noncurrent
CapitalizedContractCostNoncurrent
32500000 usd
CY2022Q4 rop Capitalized Contract Cost Current
CapitalizedContractCostCurrent
31700000 usd
CY2021Q4 rop Capitalized Contract Cost Current
CapitalizedContractCostCurrent
24200000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
30700000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
27200000 usd
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
30100000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4214000000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.69
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
83900000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
65900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
138800000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
104900000 usd
CY2021Q4 us-gaap Number Of Businesses Acquired
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7 acquisition
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
60600000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
36400000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24900000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
19100000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
31300000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
18400000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5500000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4700000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
111300000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
69200000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
336600000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
328500000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
251300000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
245800000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85300000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82700000 usd
CY2022 us-gaap Depreciation
Depreciation
37300000 usd
CY2021 us-gaap Depreciation
Depreciation
44000000.0 usd
CY2020 us-gaap Depreciation
Depreciation
40600000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
13338400000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
138800000 usd
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-8700000 usd
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
7800000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
13476300000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2559100000 usd
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-89800000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
500000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
15946100000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
9042500000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2533400000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6509100000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
11113600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3082900000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8030700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
676000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
632000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
606000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
576000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
542000000.0 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
40200000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
42600000 usd
CY2022Q4 rop Contract With Customer Liability Customer Deposits
ContractWithCustomerLiabilityCustomerDeposits
48900000 usd
CY2021Q4 rop Contract With Customer Liability Customer Deposits
ContractWithCustomerLiabilityCustomerDeposits
46500000 usd
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
74000000.0 usd
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
66800000 usd
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
51500000 usd
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
62500000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46400000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41500000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
22900000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
25000000.0 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
45000000.0 usd
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
125700000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
113800000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
454600000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
398700000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1026400000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
814700000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
676200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
255600000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
217200000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
185100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1282000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1031900000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
861300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
322900000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
110200000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
142900000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
80800000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
50800000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
48000000.0 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
65900000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
59900000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54600000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-136900000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
27500000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-32200000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-31100000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-27200000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-26800000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5200000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5400000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000.0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
296400000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
226600000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187500000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.025
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.021
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.030
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.021
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.016
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.033
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.010
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.033
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.020
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2022 rop Effective Income Tax Rate Reconciliation Deduction Legal Entity Restructuring Percent
EffectiveIncomeTaxRateReconciliationDeductionLegalEntityRestructuringPercent
0.008
CY2021 rop Effective Income Tax Rate Reconciliation Deduction Legal Entity Restructuring Percent
EffectiveIncomeTaxRateReconciliationDeductionLegalEntityRestructuringPercent
-0.014
CY2020 rop Effective Income Tax Rate Reconciliation Deduction Legal Entity Restructuring Percent
EffectiveIncomeTaxRateReconciliationDeductionLegalEntityRestructuringPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
192400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
179600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
84600000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
51000000.0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
8900000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
12500000 usd
CY2022Q4 rop Deferred Tax Assets Tax Credit Carryforwards Capitalized Research And Development Expenditures
DeferredTaxAssetsTaxCreditCarryforwardsCapitalizedResearchAndDevelopmentExpenditures
97800000 usd
CY2021Q4 rop Deferred Tax Assets Tax Credit Carryforwards Capitalized Research And Development Expenditures
DeferredTaxAssetsTaxCreditCarryforwardsCapitalizedResearchAndDevelopmentExpenditures
0 usd
CY2022Q4 rop Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
41100000 usd
CY2021Q4 rop Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
10900000 usd
CY2022Q4 rop Deferred Tax Assets Differences On Assets Held For Sale
DeferredTaxAssetsDifferencesOnAssetsHeldForSale
0 usd
CY2021Q4 rop Deferred Tax Assets Differences On Assets Held For Sale
DeferredTaxAssetsDifferencesOnAssetsHeldForSale
57400000 usd
CY2022Q4 rop Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
50100000 usd
CY2021Q4 rop Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
46200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37100000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
31900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
437800000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
325700000 usd
CY2022Q4 rop Deferred Tax Liabilities Tax Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesTaxDeferredExpenseReservesAndAccruals
12000000.0 usd
CY2021Q4 rop Deferred Tax Liabilities Tax Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesTaxDeferredExpenseReservesAndAccruals
17300000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1818700000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1656200000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
5800000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
24700000 usd
CY2022Q4 rop Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
48000000.0 usd
CY2021Q4 rop Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
43700000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Parents Basis In Discontinued Operation
DeferredTaxLiabilitiesParentsBasisInDiscontinuedOperation
174200000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Parents Basis In Discontinued Operation
DeferredTaxLiabilitiesParentsBasisInDiscontinuedOperation
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2058700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28800000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1741900000 usd
CY2022Q4 rop Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
41100000 usd
CY2022Q4 rop Deferred Tax Assets Tax Credit Carryforwards Capitalized Research And Development Expenditures
DeferredTaxAssetsTaxCreditCarryforwardsCapitalizedResearchAndDevelopmentExpenditures
97800000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Parents Basis In Discontinued Operation
DeferredTaxLiabilitiesParentsBasisInDiscontinuedOperation
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Contingencies<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Roper, in the ordinary course of business, is party to various pending or threatened legal actions, including product liability, intellectual property, data privacy and employment practices that, in general, are of a nature consistent with those over the past several years. After analyzing the Company’s contingent liabilities on a gross basis and, based upon past experience with resolution of such legal claims and the availability and limits of the primary, excess, and umbrella liability insurance coverages 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. However, no assurances can be given in this regard.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Roper’s subsidiary, Vertafore, Inc., was named in three putative class actions, two in the U.S. District Court for the Southern District of Texas (Allen, et al. v. Vertafore, Inc., Case 4:20-cv-4139, filed December 4, 2020 and Masciotra, et al. v. Vertafore, Inc. (originally filed on December 8, 2020 as Case 1:20-cv-03603 in the U.S. District Court for the District of Colorado and subsequently transferred)), and one in the U.S. District Court for the Northern District of Texas (Mulvey, et al. v. Vertafore, Inc., Case 3:21-cv-00213-E, filed January 31, 2021). In July 2021, the court granted Vertafore’s motion to dismiss the Allen Case. In March 2022, the U.S. Fifth Circuit Court of Appeals affirmed the lower court’s dismissal of the Allen case, and that dismissal was affirmed on appeal, effectively concluding the litigation. In July 2021, the plaintiff in the Masciotra case voluntarily dismissed his action without prejudice. In February 2023, the court granted Vertafore’s motion to dismiss the Mulvey case on similar grounds as the dismissal of the Allen case. Plaintiff has the right to appeal the dismissal of the Mulvey case. Both the Allen and Mulvey cases purported to represent approximately 27.7 million individuals who held Texas driver’s licenses prior to February 2019. In November 2020, Vertafore announced that as a result of human error, three data files were inadvertently stored in an unsecured external storage service that appears to have been accessed without authorization. The files, which included driver information for licenses issued before February 2019, contained Texas driver license numbers, as well as names, dates of birth, addresses and vehicle registration histories. The files did not contain any Social Security numbers or financial account information. These cases sought recovery under the Driver’s Privacy Protection Act, 18 U.S.C. § 2721. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Roper’s subsidiary, Verathon, Inc. (“Verathon”), was a defendant in a patent infringement action pending in the United States District Court for the Western District of Washington (Berall v. Verathon, Inc., Case No. 2:2021mc00043). The plaintiff claimed that video laryngoscopes and certain accessories sold by Verathon and other manufacturers from approximately 2004 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">through 2016 infringed U.S. Patent 5,827,178 (the “‘178 Patent”). In the first quarter of 2023, Verathon and the plaintiff agreed to settle the matter for $45.0 which fully concludes the matter and which is recorded as a component of “Other income (expense), net” within the Consolidated Statements of Earnings for the year ended December 31, 2022.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Roper or its subsidiaries have been named defendants along with numerous industrial companies in asbestos-related litigation claims in certain U.S. states. To date, no significant resources have been required by Roper to respond to asbestos claims. In the first quarter of 2022, Roper completed a transaction in which it transferred the remainder of our exposure for asbestos claims to a third party. In connection with this transaction, Roper incurred a one-time charge of $4.1, which is recorded as a component of “Other income (expense), net” within the Consolidated Statements of Earnings for the year ended December 31, 2022. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, Roper had $19.0 of letters of credit issued to guarantee its performance under certain services contracts or to support certain insurance programs and $43.0 of outstanding surety bonds. Certain contracts require Roper to provide a surety bond as a guarantee of its performance of contractual obligations.</span></div>
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