FTV FY 2015 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$6.2B	—	$6.3B	—	-2.5%
Op. Income	$1.3B	—	$1.3B	—	1.6%
Gross Margin	48.6%	—	48.2%	—	0.4pp
Net Margin	14.0%	—	13.9%	—	0.0pp
EPS (Diluted)	$2.50	—	$2.56	—	-2.3%
Free Cash Flow	$889M	—	$844M	—	5.3%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.2B
GROSS PROFIT	$3.0B
R&D Expenses	$378M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.9B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$406M
Net Income from Continuing Ops	$864M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$864M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$864M
D&A	$177M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.2B
GROSS PROFIT	$3.0B
R&D Expenses	$378M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.9B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$406M
Net Income from Continuing Ops	$864M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$864M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$864M
D&A	$177M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$864M
Depreciation & Amortization	$177M
Stock-Based Compensation	$35M
Deferred Income Tax	$0
Other Non-Cash Items	$12M
Change in Working Capital	-$79M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$120M
Acquisitions (Net)	-$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$174M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$835M
NET CASH FROM FINANCING	-$835M
FREE CASH FLOW	$889M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$979M
Inventory	$523M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$515M
Goodwill	$3.9B
Intangible Assets	$759M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$394M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$7.2B
Account Payables	$657M
Short-Term Debt	$0
Deferred Revenue	$177M
Other Current Liabilities	$303M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$84M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$621M
TOTAL NON-CURRENT LIABILITIES	$705M
TOTAL LIABILITIES	$2.0B
Common Stock	$5.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$5.2B
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$3M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$0
Net Debt	$0