Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Roper Technologies Inc., consolidated balance sheet: assets
US$ in thousands
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).
- Cash and cash equivalents
- Cash and cash equivalents exhibited significant fluctuation over the period. Starting at US$364.4 million in 2018, it nearly doubled by 2019 to US$709.7 million, then dropped sharply in 2020 to US$308.3 million. It gradually recovered to US$351.5 million in 2021 and surged again in 2022 to US$792.8 million, marking the highest point in the five-year span.
- Accounts receivable, net
- Net accounts receivable steadily increased from US$700.8 million in 2018 to US$863.0 million in 2020, before declining slightly to US$839.4 million in 2021 and further to US$724.5 million in 2022. This suggests a peak in receivables in 2020, followed by a moderate decline, possibly indicating improved collections or changes in sales on credit terms.
- Inventories, net
- Net inventories remained relatively stable around US$190 million through 2018 to 2020 but then showed a notable decrease in subsequent years, dropping to US$176.1 million in 2021 and further to US$111.3 million in 2022. This decline may imply inventory optimization or reduced stock levels relative to prior years.
- Income taxes receivable
- Income taxes receivable displayed an upward trend, increasing from US$21.7 million in 2018 to US$61.0 million in 2022, with consistent growth each year. This could reflect increased tax credits or refunds receivable by the company.
- Unbilled receivables
- Unbilled receivables rose from US$169.4 million in 2018 to a peak of US$241.7 million in 2020, followed by a sharp decrease to US$95.3 million in 2021 and a slight reduction to US$91.5 million in 2022. The significant decline post-2020 suggests a notable change in billing practices or project completions.
- Other current assets
- Other current assets grew steadily over the period, starting at US$80.0 million in 2018 and reaching US$151.3 million by 2022, indicating an expansion of miscellaneous short-term assets.
- Current assets held for sale
- This category appeared only in 2018 (US$83.6 million) and 2021 (US$788.6 million). The large amount in 2021 suggests a significant asset divestiture or restructuring event occurred during that year.
- Current assets (total)
- Total current assets increased from US$1.61 billion in 2018 to US$1.99 billion in 2019, then decreased to US$1.75 billion in 2020. A substantial rise followed in 2021 up to US$2.42 billion, before contracting to US$1.93 billion in 2022. These fluctuations reflect variability in liquidity and asset composition.
- Property, plant and equipment, net
- Net property, plant, and equipment decreased steadily from US$128.7 million in 2018 to US$85.3 million in 2022, indicating asset disposals, depreciation, or less capital expenditure over time.
- Goodwill
- Goodwill showed consistent growth from US$9.35 billion in 2018 to US$15.95 billion in 2022. The increases suggest ongoing acquisitions or revaluations that expanded intangible assets significantly.
- Other intangible assets, net
- Other intangible assets nearly doubled from US$3.84 billion in 2018 to US$8.03 billion in 2022, peaking at US$7.21 billion in 2020, followed by some volatility. This pattern aligns with expansion in acquired intangible assets or capitalized development costs.
- Deferred taxes
- Deferred tax assets rose from US$52.2 million in 2018 to a peak of US$104.0 million in 2020, then saw a decline in following years, falling to US$55.9 million in 2022. This fluctuation indicates changes in temporary differences and tax asset realizability.
- Equity investment
- An equity investment amount of US$535.0 million is recorded in 2022 only, signifying a new investment or reclassification in that year.
- Other assets
- Other assets increased markedly from US$101.1 million in 2018 to US$390.8 million in 2019, then plateaued around US$400 million through 2022. This surge reflects a significant one-time or ongoing increase in miscellaneous noncurrent assets.
- Assets held for sale
- Assets held for sale were recognized only in 2018 (US$167.9 million) and absent in subsequent years, suggesting asset disposition or reclassification.
- Noncurrent assets
- Noncurrent assets rose significantly from US$13.64 billion in 2018 to US$25.05 billion in 2022, with a peak in 2020. This increase is mainly driven by growth in goodwill, intangible assets, and other long-term assets, indicating expansion through acquisitions or investment in long-lived assets.
- Total assets
- Total assets increased steadily from US$15.25 billion in 2018 to US$27.0 billion in 2022, nearly doubling during the period. The overall growth incorporates increases in both current and noncurrent asset bases, pointing to expansion in operational size and investment activities.