ROPER TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
ROP$474.47+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net earnings from continuing operations | $1,087.0 | $990.9 |
| Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities: | ||
| Depreciation and amortization of property, plant and equipment | 27.9 | 26.3 |
| Amortization of intangible assets | 573.8 | 532.8 |
| Amortization of deferred financing costs | 7.0 | 7.7 |
| Non-cash stock compensation | 112.9 | 99.2 |
| Equity investments gain, net | (93.6) | (98.7) |
| Income tax provision | 289.4 | 275.5 |
| Changes in operating assets and liabilities, net of acquired businesses: | ||
| Accounts receivable | 82.8 | 25.8 |
| Unbilled receivables | (17.1) | (15.3) |
| Inventories | (8.3) | (11.2) |
| Accounts payable | (7.2) | 12.1 |
| Other accrued liabilities | (1.7) | (72.0) |
| Deferred revenue | 24.5 | 18.6 |
| Cash taxes paid for gain on disposal of business | — | (16.4) |
| Cash income taxes paid, excluding tax associated with gain on disposal of business | (383.1) | (335.6) |
| Other, net | (23.3) | (24.0) |
| Cash provided by operating activities from continuing operations | 1,671.0 | 1,415.7 |
| Cash used in operating activities from discontinued operations | — | (2.4) |
| Cash provided by operating activities | 1,671.0 | 1,413.3 |
| Cash flows from (used in) investing activities: | ||
| Acquisitions of businesses, net of cash acquired | (3,464.1) | (1,970.1) |
| Capital expenditures | (39.2) | (37.8) |
| Capitalized software expenditures | (33.4) | (28.7) |
| Distributions from equity investment | 9.5 | 25.3 |
| Other, net | (1.0) | 0.6 |
| Cash used in investing activities from continuing operations | (3,528.2) | (2,010.7) |
| Cash provided by disposition of discontinued operations | — | 2.0 |
| Cash used in investing activities | (3,528.2) | (2,008.7) |
| Cash flows from (used in) financing activities: | ||
| Proceeds from senior notes | 2,000.0 | — |
| Payments of senior notes | (500.0) | (700.0) |
| Borrowings under revolving line of credit, net | 565.0 | 910.0 |
| Debt issuance costs | (24.7) | — |
| Cash dividends to stockholders | (241.1) | (217.5) |
| Proceeds from stock-based compensation, net | 88.1 | 99.3 |
| Treasury stock sales | 14.5 | 11.6 |
| Other | (0.1) | (0.1) |
| Cash provided by financing activities | 1,901.7 | 103.3 |
| (Continued) | ||
Condensed Consolidated Statements of Cash Flows (unaudited) - Continued
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Effect of exchange rate changes on cash | 10.8 | (1.2) |
| Net increase (decrease) in cash and cash equivalents | 55.3 | (493.3) |
| Cash and cash equivalents, beginning of period | 214.3 | 792.8 |
| Cash and cash equivalents, end of period | $269.6 | $299.5 |
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