Fortive Corp
For the period ended Sep 27, 2024. Filed Oct 30, 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 27, 2024 · Filed Oct 30, 2024
FTV$67.10+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
($ and shares in millions, except per share amounts)
| As of | ||
|---|---|---|
| September 27, 2024 | December 31, 2023 | |
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $811.3 | $1,888.8 |
| Accounts receivable less allowance for doubtful accounts of $29.4 and $39.2, respectively | 912.2 | 960.8 |
| Inventories: | ||
| Finished goods | 225.6 | 214.1 |
| Work in process | 111.8 | 108.9 |
| Raw materials | 226.5 | 213.9 |
| Inventories | 563.9 | 536.9 |
| Prepaid expenses and other current assets | 347.8 | 285.1 |
| Total current assets | 2,635.2 | 3,671.6 |
| Property, plant and equipment, net of accumulated depreciation of $816.6 and $809.0, respectively | 425.1 | 439.8 |
| Other assets | 561.0 | 518.9 |
| Goodwill | 10,322.3 | 9,121.7 |
| Other intangible assets, net | 3,510.0 | 3,159.8 |
| Total assets | $17,453.6 | $16,911.8 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | $408.1 | $— |
| Trade accounts payable | 623.8 | 608.6 |
| Accrued expenses and other current liabilities | 1,068.9 | 1,182.7 |
| Total current liabilities | 2,100.8 | 1,791.3 |
| Other long-term liabilities | 1,339.5 | 1,149.0 |
| Long-term debt | 3,451.8 | 3,646.2 |
| Commitments and Contingencies (Note 9) | ||
| Equity: | ||
| Common stock: $0.01 par value, 2,000.0 shares authorized; 366.1 and 363.7 issued; 346.9 and 350.7 outstanding, respectively | 3.7 | 3.6 |
| Additional paid-in capital | 3,982.1 | 3,851.3 |
| Treasury shares, at cost | (1,142.8) | (715.8) |
| Retained earnings | 8,046.1 | 7,505.9 |
| Accumulated other comprehensive loss | (334.2) | (326.1) |
| Total Fortive stockholders’ equity | 10,554.9 | 10,318.9 |
| Noncontrolling interests | 6.6 | 6.4 |
| Total stockholders’ equity | 10,561.5 | 10,325.3 |
| Total liabilities and equity | $17,453.6 | $16,911.8 |
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