Fortive Corp
For the period ended Jul 3, 2026. Filed Jul 29, 2026.
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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.
Jul 3, 2026 · Filed Jul 29, 2026
FTV$67.73+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
($ in millions)
| Six Months Ended | ||
|---|---|---|
| July 3, 2026 | June 27, 2025 | |
| Cash flows from operating activities: | ||
| Net earnings | $293.7 | $338.5 |
| Less: net earnings from discontinued operations | — | (114.3) |
| Net earnings from continuing operations | 293.7 | 224.2 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Amortization | 184.7 | 182.8 |
| Depreciation | 42.4 | 34.4 |
| Stock-based compensation | 45.2 | 46.0 |
| Change in certain assets and liabilities: | ||
| Change in accounts receivable, net | 26.0 | 65.2 |
| Change in inventories | (20.0) | (39.7) |
| Change in trade accounts payable | (7.4) | 17.0 |
| Change in prepaid expenses and other assets | (2.5) | (23.3) |
| Change in accrued expenses and other liabilities | (43.0) | (109.8) |
| Total operating cash provided by continuing operations | 519.1 | 396.8 |
| Total operating cash provided by discontinued operations | 1.9 | 156.1 |
| Net cash provided by operating activities | 521.0 | 552.9 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (54.7) | (46.1) |
| Cash paid for acquisitions, net of cash received | (58.1) | — |
| All other investing activities | 4.7 | 11.0 |
| Total investing cash used in continuing operations | (108.1) | (35.1) |
| Total investing cash used in discontinued operations | — | (15.7) |
| Net cash used in investing activities | (108.1) | (50.8) |
| Cash flows from financing activities: | ||
| Net proceeds from commercial paper borrowings | 433.6 | (253.2) |
| Repurchase of common shares | (700.3) | (337.6) |
| Payment of dividends | (18.4) | (54.2) |
| Proceeds from borrowings (maturities greater than 90 days), net of issuance costs | 1,088.5 | — |
| Repayment of borrowings (maturities greater than 90 days) | (1,192.9) | — |
| Proceeds from Ralliant Dividend | — | 1,150.0 |
| All other financing activities | (10.7) | 7.5 |
| Total financing cash (used in) provided by continuing operations | (400.2) | 512.5 |
| Total financing cash used in discontinued operations | — | (3.2) |
| Net cash (used in) provided by financing activities | (400.2) | 509.3 |
| Effect of exchange rate changes on cash and equivalents | 4.1 | 8.0 |
| Net change in cash, cash equivalents, and restricted cash | 16.8 | 1,019.4 |
| Beginning balance of cash, cash equivalents, and restricted cash | 375.5 | 813.3 |
| Ending balance of cash, cash equivalents, and restricted cash (a) | $392.3 | $1,832.7 |
| (a) Balance as of July 3, 2026 includes $18.1 million of restricted cash recorded within Prepaid expenses and other current assets in the Consolidated Condensed Balance Sheets, which relates to cash held in escrow for dividend payments which were made to shareholders on July 6, 2026. | ||
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