FTV FY 2013 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$6.0B	—	$5.8B	—	3.1%
Op. Income	$1.2B	—	$1.2B	—	0.1%
Gross Margin	48.2%	—	48.1%	—	0.1pp
Net Margin	13.9%	—	13.2%	—	0.7pp
EPS (Diluted)	$2.41	—	$2.21	—	9.0%
Free Cash Flow	$949M	—	$874M	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.9B
R&D Expenses	$378M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$312M
Net Income from Continuing Ops	$831M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$831M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$831M
D&A	$160M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.9B
R&D Expenses	$378M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$312M
Net Income from Continuing Ops	$831M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$831M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$831M
D&A	$160M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$831M
Depreciation & Amortization	$160M
Stock-Based Compensation	$29M
Deferred Income Tax	$0
Other Non-Cash Items	$0
Change in Working Capital	$11M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$81M
Acquisitions (Net)	-$434M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$511M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$519M
NET CASH FROM FINANCING	-$519M
FREE CASH FLOW	$949M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$912M
Inventory	$495M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$455M
Goodwill	$4.0B
Intangible Assets	$852M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$289M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$7.2B
Account Payables	$617M
Short-Term Debt	$0
Deferred Revenue	$155M
Other Current Liabilities	$280M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$90M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$748M
TOTAL NON-CURRENT LIABILITIES	$838M
TOTAL LIABILITIES	$2.1B
Common Stock	$4.9B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$273M
Other Equity	$4.9B
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$2M
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$0
Net Debt	$0