Fortive Corp
For the period ended Sep 27, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
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$67.73+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Condensed Statements of Cash Flows
($ in millions)
| Nine Months Ended | ||
|---|---|---|
| September 27, 2024 | September 29, 2023 | |
| Cash flows from operating activities: | ||
| Net earnings | $624.1 | $600.6 |
| Noncash items: | ||
| Amortization | 340.4 | 277.2 |
| Depreciation | 68.7 | 63.9 |
| Stock-based compensation | 81.0 | 85.2 |
| Gain on sale of property | (63.1) | — |
| Loss from divestiture | 25.6 | — |
| Loss from equity investments | 39.4 | 12.9 |
| Change in trade accounts receivable, net | 64.6 | 25.0 |
| Change in inventories | 4.3 | (21.7) |
| Change in trade accounts payable | 10.6 | (45.7) |
| Change in prepaid expenses and other assets | (57.0) | (45.8) |
| Change in accrued expenses and other liabilities | (114.0) | (44.8) |
| Net cash provided by operating activities | 1,024.6 | 906.8 |
| Cash flows from investing activities: | ||
| Cash paid for acquisitions, net of cash received | (1,721.8) | (57.7) |
| Payments for additions to property, plant and equipment | (83.4) | (73.7) |
| Proceeds from sale of property | 21.0 | 7.2 |
| Cash infusion into divestiture | (14.0) | — |
| All other investing activities | (1.6) | — |
| Net cash used in investing activities | (1,799.8) | (124.2) |
| Cash flows from financing activities: | ||
| Net proceeds from (repayments of) commercial paper borrowings | (571.2) | (252.6) |
| Proceeds from borrowings (maturities greater than 90 days), net of issuance costs | 1,733.5 | — |
| Repayment of borrowings (maturities greater than 90 days) | (1,000.0) | (250.0) |
| Repurchase of common shares | (423.0) | (207.9) |
| Payment of dividends | (83.9) | (73.9) |
| All other financing activities | 47.9 | 18.1 |
| Net cash used in financing activities | (296.7) | (766.3) |
| Effect of exchange rate changes on cash and equivalents | (5.6) | (11.4) |
| Net change in cash and equivalents | (1,077.5) | 4.9 |
| Beginning balance of cash and equivalents | 1,888.8 | 709.2 |
| Ending balance of cash and equivalents | $811.3 | $714.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.