FTV Q2 2016 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

Q2 2016 Earnings

Reported August 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$1.6B	$1.5B	—	5.5%	—
Op. Income	$322M	$263M	—	22.5%	—
Gross Margin	49.4%	47.1%	—	2.3pp	—
Net Margin	15.4%	12.3%	—	3.0pp	—
EPS (Diluted)	$0.69	$0.53	—	30.2%	—
Free Cash Flow	$278M	$149M	—	86.6%	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$787M
GROSS PROFIT	$768M
R&D Expenses	$97M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$349M
Other Expenses	$0
Operating Expenses	$446M
Cost & Expenses	$1.2B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$319M
Income Tax Expense	$81M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$239M
D&A	$45M
EBIT	$322M
EBITDA	$367M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$787M
GROSS PROFIT	$768M
R&D Expenses	$97M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$349M
Other Expenses	$0
Operating Expenses	$446M
Cost & Expenses	$1.2B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$319M
Income Tax Expense	$81M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$239M
D&A	$45M
EBIT	$322M
EBITDA	$367M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$239M
Depreciation & Amortization	$45M
Stock-Based Compensation	$11M
Deferred Income Tax	$0
Other Non-Cash Items	$0
Change in Working Capital	$16M
OPERATING CASH FLOW	$311M
Capital Expenditure	-$33M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$3.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$3.0B
Other Financing Activities	-$3.2B
NET CASH FROM FINANCING	$207M
FREE CASH FLOW	$278M
Net Change in Cash	$207M

Balance Sheet

Item	Amount
Cash & Equivalents	$487M
Short-Term Investments	$0
Net Receivables	$948M
Inventory	$558M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$534M
Goodwill	$4.0B
Intangible Assets	$727M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$402M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$7.8B
Account Payables	$644M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$690M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$5.4B
Common Stock	$4M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$800.0K
Other Equity	$2.4B
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$3M
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$3.4B
Net Debt	$2.9B