FTV FY 2014 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.3B	—	$6.0B	—	6.3%
Op. Income	$1.3B	—	$1.2B	—	8.7%
Gross Margin	48.2%	—	48.2%	—	-0.0pp
Net Margin	13.9%	—	13.9%	—	0.0pp
EPS (Diluted)	$2.56	—	$2.41	—	6.2%
Free Cash Flow	$844M	—	$949M	—	-11.1%

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$3.3B
GROSS PROFIT	$3.1B
R&D Expenses	$388M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$396M
Net Income from Continuing Ops	$883M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$883M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$883M
D&A	$178M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$3.3B
GROSS PROFIT	$3.1B
R&D Expenses	$388M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$396M
Net Income from Continuing Ops	$883M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$883M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$883M
D&A	$178M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$883M
Depreciation & Amortization	$178M
Stock-Based Compensation	$31M
Deferred Income Tax	$0
Other Non-Cash Items	-$34M
Change in Working Capital	-$112M
OPERATING CASH FLOW	$947M
Capital Expenditure	-$103M
Acquisitions (Net)	-$202M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$291M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$656M
NET CASH FROM FINANCING	-$656M
FREE CASH FLOW	$844M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$956M
Inventory	$511M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$481M
Goodwill	$4.0B
Intangible Assets	$858M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$339M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.4B
Account Payables	$623M
Short-Term Debt	$0
Deferred Revenue	$165M
Other Current Liabilities	$296M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$739M
TOTAL NON-CURRENT LIABILITIES	$838M
TOTAL LIABILITIES	$2.1B
Common Stock	$5.1B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$100M
Other Equity	$5.1B
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$3M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$0
Net Debt	$0