Name: Roper Technologies Inc. (NASDAQ:ROP) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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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Roper Technologies Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	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
Cash and cash equivalents	299,500)	1,462,800)	1,181,600)	792,800)	1,894,500)	2,879,100)	3,237,500)	351,500)	352,500)	337,800)	331,000)	308,300)	302,100)	1,870,800)	999,800)	709,700)	323,000)	320,800)	392,500)	364,400)	363,400)	421,800)	366,200)
Accounts receivable, net	746,400)	684,400)	629,100)	724,500)	630,300)	628,500)	755,300)	839,400)	749,400)	804,200)	792,000)	863,000)	773,400)	738,800)	712,200)	791,600)	697,600)	698,200)	629,300)	700,800)	671,700)	669,300)	631,200)
Inventories, net	122,500)	118,000)	115,000)	111,300)	101,000)	92,500)	202,700)	176,100)	174,400)	212,700)	206,000)	198,400)	214,900)	216,600)	206,200)	198,600)	205,000)	203,500)	207,500)	190,800)	212,200)	201,900)	216,700)
Income taxes receivable	55,200)	53,400)	25,500)	61,000)	33,500)	21,200)	19,200)	27,700)	26,600)	28,000)	13,200)	21,900)	43,100)	23,700)	19,100)	18,500)	34,900)	34,300)	18,500)	21,700)	48,800)	47,900)	46,200)
Unbilled receivables	112,100)	108,100)	100,900)	91,500)	98,800)	105,400)	110,000)	95,300)	102,500)	275,300)	268,000)	241,700)	249,900)	225,100)	225,300)	183,500)	197,800)	206,600)	194,400)	169,400)	176,100)	180,000)	157,600)
Other current assets	168,800)	179,400)	180,100)	151,300)	138,600)	154,000)	160,900)	142,500)	136,200)	138,700)	129,200)	119,000)	122,800)	104,200)	110,800)	97,600)	101,500)	88,900)	91,500)	80,000)	83,300)	81,700)	84,100)
Current assets held for sale	—)	—)	—)	—)	1,094,700)	1,111,300)	—)	788,600)	833,600)	—)	—)	—)	—)	—)	—)	—)	59,600)	50,000)	52,300)	83,600)	52,500)	48,500)	—)
Current assets	1,504,500)	2,606,100)	2,232,200)	1,932,400)	3,991,400)	4,992,000)	4,485,600)	2,421,100)	2,375,200)	1,796,700)	1,739,400)	1,752,300)	1,706,200)	3,179,200)	2,273,400)	1,999,500)	1,619,400)	1,602,300)	1,586,000)	1,610,700)	1,608,000)	1,651,100)	1,502,000)
Property, plant and equipment, net	98,300)	93,700)	86,300)	85,300)	83,200)	77,300)	98,900)	102,800)	105,600)	125,300)	134,600)	140,600)	146,600)	129,600)	133,400)	139,900)	142,600)	134,200)	132,200)	128,700)	130,200)	138,600)	140,900)
Goodwill	17,047,600)	16,002,500)	15,962,800)	15,946,100)	13,672,800)	13,566,600)	14,094,900)	14,094,500)	13,989,200)	14,430,000)	14,405,300)	14,395,200)	14,158,600)	10,846,600)	10,732,500)	10,815,400)	10,746,700)	9,657,700)	9,365,400)	9,346,800)	9,401,300)	9,389,400)	8,869,900)
Other intangible assets, net	8,343,600)	7,718,800)	7,871,700)	8,030,700)	6,243,500)	6,300,700)	6,454,100)	6,588,500)	6,745,900)	6,936,800)	7,066,800)	7,206,900)	7,122,500)	4,511,800)	4,523,000)	4,667,700)	4,730,800)	3,943,100)	3,766,800)	3,842,100)	3,887,000)	3,964,000)	3,437,700)
Deferred taxes	52,100)	48,200)	59,300)	55,900)	47,200)	46,300)	101,400)	101,100)	103,600)	104,300)	102,300)	104,000)	95,100)	92,600)	95,000)	95,600)	91,100)	92,100)	93,000)	52,200)	27,400)	29,900)	31,400)
Equity investments	736,400)	591,300)	535,000)	535,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	405,500)	399,800)	387,500)	395,400)	359,100)	367,400)	400,900)	405,900)	408,600)	440,600)	422,700)	425,800)	423,000)	382,500)	380,500)	390,800)	393,800)	381,700)	375,400)	101,100)	102,000)	99,800)	92,200)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	94,700)	97,200)	95,300)	167,900)	89,200)	88,200)	—)
Noncurrent assets	26,683,500)	24,854,300)	24,902,600)	25,048,400)	20,405,800)	20,358,300)	21,150,200)	21,292,800)	21,352,900)	22,037,000)	22,131,700)	22,272,500)	21,945,800)	15,963,100)	15,864,400)	16,109,400)	16,199,700)	14,306,000)	13,828,100)	13,638,800)	13,637,100)	13,709,900)	12,572,100)
Total assets	28,188,000)	27,460,400)	27,134,800)	26,980,800)	24,397,200)	25,350,300)	25,635,800)	23,713,900)	23,728,100)	23,833,700)	23,871,100)	24,024,800)	23,652,000)	19,142,300)	18,137,800)	18,108,900)	17,819,100)	15,908,300)	15,414,100)	15,249,500)	15,245,100)	15,361,000)	14,074,100)

Total assets exhibited a significant upward trajectory over the analyzed period, growing from approximately 14.1 billion USD in March 2018 to 28.2 billion USD by September 2023. This growth is primarily driven by a substantial increase in non-current assets, which expanded from 12.6 billion USD to 26.7 billion USD, indicating a long-term shift toward a more asset-heavy balance sheet, largely through capital allocation into acquisitions.

Acquisition-Driven Asset Growth: A dominant trend is the aggressive increase in Goodwill and Other Intangible Assets. Goodwill rose from 8.9 billion USD in March 2018 to 17.0 billion USD in September 2023. Similarly, net intangible assets grew from 3.4 billion USD to 8.3 billion USD over the same period. The simultaneous rise in these two categories confirms a corporate strategy centered on inorganic growth and the acquisition of businesses with high premium valuations.
Cash Liquidity and Volatility: Cash and cash equivalents demonstrated extreme volatility, characterized by sharp peaks and troughs. Notable surges occurred in June 2020 (1.87 billion USD) and reached a peak in March 2022 (3.2 billion USD), followed by rapid declines. These fluctuations suggest active capital management, likely tied to the funding of large-scale acquisitions or the proceeds from divestitures, as evidenced by the intermittent appearance of assets held for sale.
Working Capital Dynamics: Current assets showed a general increase in volatility but ended the period at 1.5 billion USD, close to the March 2018 level of 1.5 billion USD. Accounts receivable remained relatively stable with a slight upward trend, moving from 631 million USD to 746 million USD. Conversely, inventories saw a long-term decline, falling from 217 million USD in early 2018 to 123 million USD by September 2023, suggesting improved inventory management or a shift in the business mix toward less inventory-intensive operations.
Non-Current Asset Composition: The non-current asset base expanded from 12.6 billion USD to 26.7 billion USD. While Goodwill and Intangibles were the primary drivers, the introduction of equity investments starting in late 2022—reaching 736 million USD by September 2023—indicates a diversification of the non-current asset portfolio into strategic financial investments.
Divestiture Activity: The presence of current and non-current assets held for sale at various intervals—most notably in 2018, 2019, and mid-2022—indicates a systematic approach to portfolio pruning. These temporary increases in assets held for sale typically preceded shifts in the cash balance, reinforcing a strategy of recycling capital from non-core assets into new acquisitions.

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Roper Technologies Inc. (NASDAQ:ROP)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data