10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000882835-17-000017 |
| Period End Date | 20170331 |
| Filing Date | 20170505 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | rop-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$757.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$523.03M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$730.67M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$778.51M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$619.85M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$549.84M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$191.43M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$181.95M | USD | Point-in-time |
| Unbilled receivables |
ReceivablesLongTermContractsOrPrograms
|
$129.97M | USD | Point-in-time |
| Unbilled receivables |
ReceivablesLongTermContractsOrPrograms
|
$143.59M | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
$31.68M | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
$28.10M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$55.85M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$69.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.78B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.71B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$144.11M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$141.32M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.68B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.65B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$3.59B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$3.66B | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsNetNoncurrent
|
$30.62M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsNetNoncurrent
|
$30.30M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$74.07M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$73.50M | USD | Point-in-time |
| Total assets |
Assets
|
$14.32B | USD | Point-in-time |
| Total assets |
Assets
|
$14.23B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$152.64M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$152.07M | USD | Point-in-time |
| Accrued compensation |
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
$131.58M | USD | Point-in-time |
| Accrued compensation |
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
$161.73M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$513.82M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$488.40M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$219.34M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$251.30M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$88.13M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$22.76M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$401.07M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$400.98M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.54B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.45B | USD | Point-in-time |
| Long-term debt, net of current portion |
LongTermDebtNoncurrent
|
$5.44B | USD | Point-in-time |
| Long-term debt, net of current portion |
LongTermDebtNoncurrent
|
$5.81B | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.17B | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.18B | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$111.88M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$104.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.26B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.54B | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.04M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.04M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.52B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.49B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.76B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.64B | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-294.33M | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-324.74M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$18.90M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$18.85M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$5.79B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$5.97B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$14.32B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$14.23B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$1.09B | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$902.42M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$342.90M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$418.69M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$559.52M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$667.61M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$314.53M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$409.36M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$244.99M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$258.26M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$27.41M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$45.87M | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-129.00K | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-1.05M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$211.34M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$217.45M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$53.27M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$66.03M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$158.07M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$151.42M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.50 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.55 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.53 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.48 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
101.89M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
101.07M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
103.08M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
102.32M | shares | 1 Quarter |
| Dividends declared per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.30 | USD | 1 Quarter |
| Dividends declared per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.35 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$158.07M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$151.42M | USD | 1 Quarter |
| Depreciation and amortization of property, plant and equipment |
Depreciation
|
$12.38M | USD | 1 Quarter |
| Depreciation and amortization of property, plant and equipment |
Depreciation
|
$9.70M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$73.00M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$49.55M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.36M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.82M | USD | 1 Quarter |
| Non-cash stock compensation |
ShareBasedCompensation
|
$18.98M | USD | 1 Quarter |
| Non-cash stock compensation |
ShareBasedCompensation
|
$21.05M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$16.36M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-73.06M | USD | 1 Quarter |
| Unbilled receivables |
IncreaseDecreaseInUnbilledReceivables
|
$13.52M | USD | 1 Quarter |
| Unbilled receivables |
IncreaseDecreaseInUnbilledReceivables
|
$-2.30M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.91M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$7.91M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.22M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-20.02M | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$34.31M | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$292.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$39.01M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$20.13M | USD | 1 Quarter |
| Other, net |
PaymentsForOtherOperatingActivities
|
$10.83M | USD | 1 Quarter |
| Other, net |
PaymentsForOtherOperatingActivities
|
$6.36M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$378.22M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$207.07M | USD | 1 Quarter |
| Acquisitions of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$265.25M | USD | 1 Quarter |
| Acquisitions of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.83M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$14.93M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$9.49M | USD | 1 Quarter |
| Capitalized software expenditures |
PaymentsToDevelopSoftware
|
$665.00K | USD | 1 Quarter |
| Capitalized software expenditures |
PaymentsToDevelopSoftware
|
$3.17M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$109.00K | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$673.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$500.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-773.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-273.96M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-21.32M | USD | 1 Quarter |
| Payments under revolving line of credit, net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-370.00M | USD | 1 Quarter |
| Payments under revolving line of credit, net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-160.00M | USD | 1 Quarter |
| Principal payments on convertible notes |
RepaymentsOfConvertibleDebt
|
$289.00K | USD | 1 Quarter |
| Principal payments on convertible notes |
RepaymentsOfConvertibleDebt
|
- | USD | 1 Quarter |
| Cash premiums paid on convertible note conversions |
RedemptionPremiumConvertibleDebt
|
$915.00K | USD | 1 Quarter |
| Cash premiums paid on convertible note conversions |
RedemptionPremiumConvertibleDebt
|
- | USD | 1 Quarter |
| Cash dividends to stockholders |
PaymentsOfDividends
|
$30.17M | USD | 1 Quarter |
| Cash dividends to stockholders |
PaymentsOfDividends
|
$35.44M | USD | 1 Quarter |
| Proceeds from stock based compensation, net |
ProceedsFromStockBasedCompensationNet
|
$7.58M | USD | 1 Quarter |
| Proceeds from stock based compensation, net |
ProceedsFromStockBasedCompensationNet
|
$690.00K | USD | 1 Quarter |
| Treasury stock sales |
ProceedsFromSaleOfTreasuryStock
|
$1.03M | USD | 1 Quarter |
| Treasury stock sales |
ProceedsFromSaleOfTreasuryStock
|
$879.00K | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-250.00K | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-374.00K | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-190.18M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-397.08M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.59M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$13.65M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-255.48M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-26.53M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$757.20M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$523.03M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$730.67M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$778.51M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$757.20M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$523.03M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$730.67M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$778.51M | USD | Point-in-time |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Currency translation adjustments, tax |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$1.05M | USD | 1 Quarter |
| Balances at |
StockholdersEquity
|
$5.79B | USD | Point-in-time |
| Balances at |
StockholdersEquity
|
$5.97B | USD | Point-in-time |
| Net earnings |
NetIncomeLoss
|
$158.07M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$151.42M | USD | 1 Quarter |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$12.93M | USD | 1 Quarter |
| Treasury stock sold |
StockIssuedDuringPeriodValueTreasuryStockReissued
|
$1.03M | USD | 1 Quarter |
| Currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.74M | USD | 1 Quarter |
| Currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$30.41M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$20.60M | USD | 1 Quarter |
| Restricted stock activity |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
$-5.36M | USD | 1 Quarter |
| Dividends declared |
DividendsCommonStock
|
$35.76M | USD | 1 Quarter |
| Balances at |
StockholdersEquity
|
$5.79B | USD | Point-in-time |
| Balances at |
StockholdersEquity
|
$5.97B | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$158.07M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$151.42M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.74M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$30.41M | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$30.41M | USD | 1 Quarter |
| Total other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.74M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$153.16M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$188.48M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.