FTV FY 2016 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$6.2B	—	$6.2B	—	0.7%
Op. Income	$1.3B	—	$1.3B	—	-2.0%
Gross Margin	48.9%	—	48.6%	—	0.3pp
Net Margin	14.0%	—	14.0%	—	0.0pp
EPS (Diluted)	$2.51	—	$2.50	—	0.4%
Free Cash Flow	$1.0B	—	$889M	—	13.3%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.2B
GROSS PROFIT	$3.0B
R&D Expenses	$385M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$325M
Net Income from Continuing Ops	$872M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$872M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$872M
D&A	$176M
EBIT	$1.2B
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	$385M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$325M
Net Income from Continuing Ops	$872M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$872M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$872M
D&A	$176M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$872M
Depreciation & Amortization	$176M
Stock-Based Compensation	$45M
Deferred Income Tax	-$10M
Other Non-Cash Items	$15M
Change in Working Capital	$38M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$130M
Acquisitions (Net)	-$190M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$311M
Net Debt Issuance	$3.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$3.0B
Other Financing Activities	-$300M
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	$1.0B
Net Change in Cash	$803M

Balance Sheet

Item	Amount
Cash & Equivalents	$803M
Short-Term Investments	$0
Net Receivables	$945M
Inventory	$545M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$548M
Goodwill	$4.0B
Intangible Assets	$747M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$427M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$8.2B
Account Payables	$666M
Short-Term Debt	$0
Deferred Revenue	$205M
Other Current Liabilities	$393M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$3.4B
Deferred Revenue NC	$80M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$594M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$5.5B
Common Stock	$4M
Additional Paid-In Capital	$2.4B
Retained Earnings	$403M
Treasury Stock	$0
Accum. Other Comp. Income	-$146M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$3M
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$3.4B
Net Debt	$2.6B