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Roper Technologies Inc. (NASDAQ:ROP)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Roper Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 0.45 0.64 0.74 0.89 1.08
Accrued compensation 0.85 1.31 1.19 1.33 1.63
Deferred revenue 5.08 4.77 4.14 4.59 4.45
Interest 0.15 0.18 0.18 0.19 0.18
Customer deposits 0.18 0.24 0.21 0.12 0.15
Accrued dividend 0.27 0.28 0.25 0.30 0.32
Rebates 0.19 0.27 0.22 0.26 0.19
Current operating lease liabilities 0.17 0.22 0.27 0.31 0.00
Sales and other taxes payable 0.08 0.11 0.00 0.00 0.00
Patent litigation accrual 0.17 0.00 0.00 0.00 0.00
Other 0.47 0.57 0.77 0.72 0.86
Other accrued liabilities 1.68% 1.86% 1.90% 1.91% 1.69%
Income taxes payable 0.06 0.56 0.11 1.19 0.38
Current portion of long-term debt, net 2.59 3.37 2.09 3.33 0.01
Current liabilities held for sale 0.00 0.67 0.00 0.00 0.26
Current liabilities 10.72% 13.16% 10.17% 13.24% 9.50%
Long-term debt, net of current portion 22.10 30.04 37.73 25.81 32.40
Deferred taxes 6.21 6.24 6.50 6.12 6.11
Other liabilities 1.52 1.80 1.97 2.42 1.26
Noncurrent liabilities 29.84% 38.07% 46.20% 34.35% 39.76%
Total liabilities 40.56% 51.24% 56.38% 47.58% 49.25%
Preferred stock, $0.01 par value per share; none outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value per share 0.00 0.00 0.00 0.01 0.01
Additional paid-in capital 9.30 9.73 8.73 10.51 11.49
Retained earnings 50.89 39.87 35.57 43.17 40.97
Accumulated other comprehensive loss -0.69 -0.77 -0.61 -1.18 -1.60
Treasury stock -0.06 -0.07 -0.07 -0.10 -0.12
Stockholders’ equity 59.44% 48.76% 43.62% 52.42% 50.75%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

The capital structure exhibits a strategic shift toward a more equity-heavy composition over the five-year period ending December 31, 2022. Total liabilities decreased from 49.25% of total liabilities and stockholders' equity in 2018 to 40.56% by 2022. Conversely, stockholders' equity rose from 50.75% to 59.44% during the same interval, signaling a reduction in overall financial leverage and an increased reliance on internal funding and shareholder capital.

Long-Term Debt and Noncurrent Liabilities
Noncurrent liabilities show a significant downward trend, falling from 39.76% in 2018 to 29.84% in 2022. This decline is primarily driven by the reduction in long-term debt, net of current portions, which peaked at 37.73% in 2020 before decreasing to 22.10% by 2022. Deferred taxes remained remarkably stable throughout the period, fluctuating narrowly between 6.11% and 6.50%.
Current Liabilities and Operational Obligations
Current liabilities remained relatively stable, fluctuating between a low of 9.50% in 2018 and a high of 13.24% in 2019, ending at 10.72% in 2022. A notable contraction is observed in accounts payable, which declined steadily from 1.08% in 2018 to 0.45% in 2022. In contrast, deferred revenue showed a gradual increase from 4.45% to 5.08%, suggesting a growth in pre-paid obligations or contractual advances from customers. The current portion of long-term debt exhibited volatility, spiking in 2019 and 2021 before settling at 2.59% in 2022.
Stockholders' Equity Composition
The growth in total equity is largely attributed to the increase in retained earnings, which rose from 40.97% in 2018 to 50.89% in 2022, despite a temporary dip to 35.57% in 2020. Additional paid-in capital saw a general decline from 11.49% to 9.30% over the period. Furthermore, accumulated other comprehensive loss narrowed from -1.60% in 2018 to -0.69% in 2022, contributing positively to the overall equity percentage.

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