FTV Q3 2016 Earnings Report — Fortive Corporation Revenue & Financial Results | Market Cap Arena

Fortive CorporationFTV

Q3 2016 Earnings

Reported October 27, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$1.6B	$1.6B	—	0.8%	—
Op. Income	$323M	$322M	—	0.3%	—
Gross Margin	49.3%	49.4%	—	-0.1pp	—
Net Margin	14.5%	15.4%	—	-0.9pp	—
EPS (Diluted)	$0.65	$0.69	—	-5.8%	—
Free Cash Flow	$303M	$278M	—	9.1%	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$795M
GROSS PROFIT	$773M
R&D Expenses	$95M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$355M
Other Expenses	$0
Operating Expenses	$450M
Cost & Expenses	$1.2B
OPERATING INCOME	$323M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$300M
Income Tax Expense	$73M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$227M
D&A	$45M
EBIT	$323M
EBITDA	$368M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$795M
GROSS PROFIT	$773M
R&D Expenses	$95M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$355M
Other Expenses	$0
Operating Expenses	$450M
Cost & Expenses	$1.2B
OPERATING INCOME	$323M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$300M
Income Tax Expense	$73M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$227M
D&A	$45M
EBIT	$323M
EBITDA	$368M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$227M
Depreciation & Amortization	$45M
Stock-Based Compensation	$12M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	$44M
OPERATING CASH FLOW	$332M
Capital Expenditure	-$29M
Acquisitions (Net)	-$178M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$100.0K
NET CASH FROM INVESTING	-$207M
Net Debt Issuance	$139M
Common Stock Repurchased	$0
Common Dividends Paid	-$24M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$112M
FREE CASH FLOW	$303M
Net Change in Cash	$238M

Balance Sheet

Item	Amount
Cash & Equivalents	$725M
Short-Term Investments	$0
Net Receivables	$972M
Inventory	$558M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$538M
Goodwill	$4.0B
Intangible Assets	$776M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$412M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$8.1B
Account Payables	$619M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$3.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$696M
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$5.6B
Common Stock	$4M
Additional Paid-In Capital	$2.4B
Retained Earnings	$203M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$4M
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$3.5B
Net Debt	$2.8B