Name: Roper Technologies Inc. (NASDAQ:ROP) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Roper Technologies Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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
Net revenues	1,563,400)	1,531,200)	1,469,700)	1,430,900)	1,350,300)	1,310,800)	1,279,800)	1,512,300)	1,462,800)	1,426,600)	1,376,100)	1,505,300)	1,366,100)	1,305,000)	1,350,700)	1,394,800)	1,354,500)	1,330,300)	1,287,200)	1,376,300)	1,318,700)	1,293,700)	1,202,500)
Cost of sales	(467,100)	(464,100)	(451,100)	(428,600)	(408,500)	(399,300)	(382,600)	(494,300)	(466,700)	(459,300)	(440,100)	(538,700)	(490,200)	(461,300)	(493,900)	(501,900)	(480,900)	(480,300)	(476,600)	(503,200)	(478,700)	(477,800)	(452,000)
Gross profit	1,096,300)	1,067,100)	1,018,600)	1,002,300)	941,800)	911,500)	897,200)	1,018,000)	996,100)	967,300)	936,000)	966,600)	875,900)	843,700)	856,800)	892,900)	873,600)	850,000)	810,600)	873,100)	840,000)	815,900)	750,500)
Selling, general and administrative expenses	(650,200)	(631,800)	(617,600)	(589,800)	(548,600)	(548,600)	(541,300)	(597,900)	(592,600)	(585,800)	(561,400)	(585,900)	(508,300)	(510,100)	(507,600)	(494,500)	(488,400)	(481,600)	(464,200)	(508,700)	(462,500)	(461,600)	(450,300)
Impairment of intangible assets	—)	—)	—)	—)	—)	—)	—)	(99,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Income from operations	446,100)	435,300)	401,000)	412,500)	393,200)	362,900)	355,900)	320,600)	403,500)	381,500)	374,600)	380,700)	367,600)	333,600)	349,200)	398,400)	385,200)	368,400)	346,400)	364,400)	377,500)	354,300)	300,200)
Interest expense, net	(42,400)	(34,800)	(37,400)	(53,800)	(41,300)	(44,700)	(52,600)	(55,800)	(58,200)	(59,500)	(60,600)	(63,700)	(62,300)	(47,500)	(45,400)	(49,000)	(48,800)	(45,100)	(43,700)	(47,300)	(48,400)	(43,200)	(43,200)
Equity investment activity, net	33,900)	66,000)	(1,200)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Loss on extinguishment of debt	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(15,900)	—)	—)
Other income (expense), net	5,000)	(2,800)	(2,300)	(50,300)	3,600)	(1,300)	(2,100)	(4,600)	(1,700)	4,100)	27,100)	500)	(2,200)	(2,000)	800)	(2,500)	1,500)	(1,000)	(3,100)	1,000)	(1,600)	2,300)	(1,700)
Gain on disposal of businesses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	801,100)	—)	—)	119,600)	—)	—)	—)	—)
Earnings before income taxes	442,600)	463,700)	360,100)	308,400)	355,500)	316,900)	301,200)	260,200)	343,600)	326,100)	341,100)	317,500)	303,100)	284,100)	304,600)	1,148,000)	337,900)	322,300)	419,200)	318,100)	311,600)	313,400)	255,300)
Income taxes	(97,000)	(102,700)	(75,800)	(61,100)	(78,600)	(91,900)	(64,800)	(60,300)	(83,800)	(73,100)	(71,200)	(61,700)	(68,700)	(64,900)	(64,300)	(276,900)	(60,400)	(72,600)	(49,600)	(61,000)	(64,000)	(85,000)	(44,000)
Net earnings from continuing operations	345,600)	361,000)	284,300)	247,300)	276,900)	225,000)	236,400)	199,900)	259,800)	253,000)	269,900)	255,800)	234,400)	219,200)	240,300)	871,100)	277,500)	249,700)	369,600)	257,100)	247,600)	228,400)	211,300)
Earnings (loss) from discontinued operations, net of tax	(2,900)	—)	(1,200)	32,500)	49,000)	54,500)	66,800)	32,000)	29,700)	33,300)	19,100)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Gain (loss) on disposition of discontinued operations, net of tax	4,500)	3,900)	—)	1,648,600)	1,100)	(10,700)	1,717,300)	55,900)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net earnings (loss) from discontinued operations	1,600)	3,900)	(1,200)	1,681,100)	50,100)	43,800)	1,784,100)	87,900)	29,700)	33,300)	19,100)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net earnings	347,200)	364,900)	283,100)	1,928,400)	327,000)	268,800)	2,020,500)	287,800)	289,500)	286,300)	289,000)	255,800)	234,400)	219,200)	240,300)	871,100)	277,500)	249,700)	369,600)	257,100)	247,600)	228,400)	211,300)

The financial performance of the entity from March 2018 through September 2023 is characterized by a steady expansion in top-line revenue and operating income, punctuated by significant non-recurring gains from divestitures and discontinued operations.

Revenue and Gross Profit Trends: Net revenues exhibit a consistent upward trajectory, growing from 1,202.5 million USD in the first quarter of 2018 to 1,563.4 million USD by the third quarter of 2023. Gross profit has followed a similar expansion, rising from 750.5 million USD to 1,096.3 million USD over the same period. A notable improvement in cost efficiency is observed starting in early 2022, where cost of sales decreased relative to revenue, contributing to higher gross margins.
Operational Expense and Income Analysis: Selling, general, and administrative expenses have increased steadily, rising from 450.3 million USD in March 2018 to 650.2 million USD in September 2023. Despite this increase in overhead, income from operations has maintained a positive growth trend, increasing from 300.2 million USD to 446.1 million USD. This suggests that revenue growth and gross margin improvements have more than offset the rising operational costs.
Non-Operating Items and Volatility: The financial statements reflect several significant non-recurring events. A substantial gain on the disposal of businesses was recorded in December 2019 totaling 801.1 million USD. Additionally, a 99.5 million USD impairment of intangible assets was recognized in December 2021. Interest expenses have remained relatively stable, generally fluctuating between 34 million USD and 64 million USD per quarter.
Net Earnings and Discontinued Operations: Net earnings from continuing operations show a stable growth pattern, increasing from 211.3 million USD in March 2018 to 345.6 million USD in September 2023. However, total net earnings are heavily influenced by discontinued operations, particularly in 2022. Massive spikes in net earnings were recorded in March 2022 (2,020.5 million USD) and December 2022 (1,928.4 million USD), driven primarily by gains on the disposition of discontinued operations totaling 1.717 billion USD and 1.648 billion USD respectively.

Overall, the core business demonstrates sustainable growth in both revenue and operating profitability. The total net income figures are periodically distorted by strategic divestments, but the underlying trend in continuing operations indicates a strengthening financial position.

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Roper Technologies Inc. (NASDAQ:ROP)

Income StatementQuarterly Data

Income Statement
Quarterly Data