FTV FY 2017 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$5.8B	—	$6.2B	—	-7.5%
Op. Income	$1.2B	—	$1.3B	—	-8.4%
Gross Margin	50.8%	—	48.9%	—	1.9pp
Net Margin	18.1%	—	14.0%	—	4.1pp
EPS (Diluted)	$2.96	—	$2.51	—	17.9%
Free Cash Flow	$1.0B	—	$1.0B	—	3.3%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.9B
R&D Expenses	$369M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.6B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$189M
Net Income from Continuing Ops	$884M
Net Income from Discontinued Ops	$160M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$158M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.9B
R&D Expenses	$369M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.6B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$189M
Net Income from Continuing Ops	$884M
Net Income from Discontinued Ops	$160M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$158M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$174M
Stock-Based Compensation	$49M
Deferred Income Tax	-$78M
Other Non-Cash Items	$57M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$136M
Acquisitions (Net)	-$1.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$682M
Common Stock Repurchased	$0
Common Dividends Paid	-$97M
Other Financing Activities	$15M
NET CASH FROM FINANCING	$600M
FREE CASH FLOW	$1.0B
Net Change in Cash	$159M

Balance Sheet

Item	Amount
Cash & Equivalents	$962M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$581M
Other Current Assets	$204M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$610M
Goodwill	$5.1B
Intangible Assets	$1.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$10.5B
Account Payables	$629M
Short-Term Debt	$0
Deferred Revenue	$211M
Other Current Liabilities	$552M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$4.1B
Deferred Revenue NC	$87M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$947M
TOTAL NON-CURRENT LIABILITIES	$5.1B
TOTAL LIABILITIES	$6.7B
Common Stock	$4M
Additional Paid-In Capital	$2.4B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$18M
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$10.5B
Total Debt	$4.1B
Net Debt	$3.1B