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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
Quarterly Data

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

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Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable 0.48 0.51 0.49 0.45 0.50 0.51 0.65 0.64 0.62 0.88 0.80 0.74 0.73 0.97 1.00 0.89 0.88 1.02 1.12 1.08 1.07 1.08 1.22
Accrued compensation 0.80 0.67 0.57 0.85 0.92 0.79 0.81 1.31 1.19 1.19 0.98 1.19 1.06 1.08 0.88 1.33 1.15 1.17 1.07 1.63 1.33 1.18 1.06
Deferred revenue 5.31 4.66 4.80 5.08 4.30 4.36 4.37 4.77 4.20 4.24 4.29 4.14 3.67 4.33 4.56 4.59 4.18 4.58 4.48 4.45 4.03 4.04 4.15
Other accrued liabilities 1.38 1.45 1.52 1.68 1.50 1.53 1.61 1.86 1.74 1.87 1.88 1.90 1.73 1.85 1.80 1.91 1.82 1.81 1.93 1.69 1.70 1.53 1.95
Income taxes payable 0.23 0.23 0.26 0.06 0.66 1.22 3.09 0.56 0.24 0.22 0.27 0.11 0.15 1.67 1.48 1.19 0.20 0.29 0.51 0.38 0.30 0.19 0.48
Other short-term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.00
Current portion of long-term debt, net 1.77 2.55 2.58 2.59 2.86 3.16 3.12 3.37 3.37 2.11 2.10 2.09 2.55 3.15 3.32 3.33 0.02 0.01 0.01 0.01 5.26 5.22 5.69
Current liabilities held for sale 0.00 0.00 0.00 0.00 0.90 0.92 0.00 0.67 0.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.18 0.16 0.26 0.21 0.23 0.00
Current liabilities 9.98% 10.07% 10.23% 10.72% 11.64% 12.49% 13.66% 13.16% 12.06% 10.50% 10.32% 10.17% 9.89% 13.05% 13.05% 13.24% 8.42% 9.07% 9.37% 9.50% 13.90% 13.45% 14.55%
Long-term debt, net of current portion 22.63 21.73 21.98 22.10 24.43 26.26 25.96 30.04 31.73 34.40 35.91 37.73 38.48 27.50 25.77 25.81 34.77 29.66 29.11 32.40 28.96 31.39 27.15
Deferred taxes 5.48 5.79 6.09 6.21 5.59 5.55 5.76 6.24 6.43 6.51 6.58 6.50 6.61 5.59 5.96 6.12 6.17 5.96 5.97 6.11 6.29 6.27 5.90
Other liabilities 1.46 1.44 1.51 1.52 1.53 1.55 1.76 1.80 1.98 2.06 2.09 1.97 2.06 2.25 2.34 2.42 2.46 2.68 2.70 1.26 1.29 1.33 1.57
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.13 0.05 0.00 0.01 0.01 0.00
Noncurrent liabilities 29.57% 28.95% 29.58% 29.84% 31.56% 33.36% 33.48% 38.07% 40.14% 42.97% 44.58% 46.20% 47.15% 35.34% 34.07% 34.35% 43.48% 38.43% 37.84% 39.76% 36.54% 39.01% 34.61%
Total liabilities 39.55% 39.02% 39.81% 40.56% 43.20% 45.85% 47.14% 51.24% 52.20% 53.47% 54.90% 56.38% 57.04% 48.39% 47.12% 47.58% 51.90% 47.51% 47.21% 49.25% 50.44% 52.46% 49.16%
Common stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 9.66 9.67 9.47 9.30 10.12 9.53 9.22 9.73 9.59 9.31 8.96 8.73 8.75 10.52 10.73 10.51 10.51 11.57 11.68 11.49 11.37 11.01 11.75
Retained earnings 51.47 51.83 51.38 50.89 48.67 45.81 44.51 39.87 38.91 37.77 36.76 35.57 35.30 42.67 44.12 43.17 39.29 42.56 42.62 40.97 39.61 37.98 40.13
Accumulated other comprehensive loss -0.63 -0.46 -0.60 -0.69 -1.92 -1.14 -0.80 -0.77 -0.63 -0.48 -0.55 -0.61 -1.02 -1.49 -1.88 -1.18 -1.60 -1.53 -1.39 -1.60 -1.31 -1.33 -0.91
Treasury stock -0.06 -0.06 -0.06 -0.06 -0.07 -0.07 -0.07 -0.07 -0.07 -0.07 -0.07 -0.07 -0.08 -0.10 -0.10 -0.10 -0.10 -0.12 -0.12 -0.12 -0.12 -0.12 -0.13
Stockholders’ equity 60.45% 60.98% 60.19% 59.44% 56.80% 54.15% 52.86% 48.76% 47.80% 46.53% 45.10% 43.62% 42.96% 51.61% 52.88% 52.42% 48.10% 52.49% 52.79% 50.75% 49.56% 47.54% 50.84%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

A comprehensive analysis of the capital structure reveals a significant shift toward equity financing and a reduction in overall leverage over the observed period from March 2018 to September 2023. Total liabilities decreased from 49.16% of total liabilities and stockholders' equity in early 2018 to 39.55% by September 2023. Conversely, stockholders' equity expanded from 50.84% to 60.45% during the same timeframe, indicating a strengthening of the company's solvency position and a reduction in financial risk.

Long-Term Debt and Noncurrent Liabilities
Long-term debt, net of current portion, exhibited significant volatility, peaking at 38.48% in September 2020 before trending downward to 22.63% by September 2023. This contraction in long-term debt is the primary driver behind the decline in total noncurrent liabilities, which fell from a peak of 47.15% in September 2020 to 29.57% by the end of the period. Deferred taxes remained relatively stable, generally fluctuating between 5.5% and 6.6%, suggesting a consistent relationship between tax accounting and the overall balance sheet size.
Current Liabilities and Operational Obligations
Total current liabilities remained relatively stable, hovering between 8.42% and 14.55%, eventually settling at 9.98% in September 2023. A notable downward trend is observed in accounts payable, which decreased from 1.22% in March 2018 to 0.48% in September 2023. Deferred revenue showed a general increase over the long term, rising from 4.15% in March 2018 to 5.31% in September 2023, suggesting growth in prepaid customer obligations. The current portion of long-term debt saw a sharp reduction from 5.69% in March 2018 to 1.77% by September 2023.
Stockholders' Equity Composition
The growth in stockholders' equity was primarily driven by a substantial increase in retained earnings, which rose from 40.13% in March 2018 to 51.47% in September 2023. This indicates strong internal capital generation and a preference for reinvesting profits into the business. Additional paid-in capital experienced a slight compression, moving from 11.75% to 9.66%. Accumulated other comprehensive loss remained negative throughout the period, although it showed signs of narrowing from a low of -1.92% in September 2022 to -0.63% by September 2023.

Overall, the financial trajectory demonstrates a strategic deleveraging process. The transition from a liability-heavy structure in 2020 to an equity-dominant structure by 2023 reflects a diminished reliance on borrowed capital and an increased reliance on retained earnings to fund assets.

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