Stock Analysis on Net
Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

$22.49

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

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Accrued compensation
Deferred revenue
Interest
Customer deposits
Accrued dividend
Rebates
Current operating lease liabilities
Sales and other taxes payable
Patent litigation accrual
Other
Other accrued liabilities
Income taxes payable
Current portion of long-term debt, net
Current liabilities held for sale
Current liabilities
Long-term debt, net of current portion
Deferred taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value per share; none outstanding
Common stock, $0.01 par value per share
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Liabilities
Current liabilities experienced a significant increase from 1,448,200 thousand USD in 2018 to a peak of 3,121,800 thousand USD in 2021, followed by a slight decrease to 2,892,500 thousand USD in 2022. This upward trend is largely influenced by the sharp rise and fluctuation in the current portion of long-term debt, which surged from 1,500 thousand USD in 2018 to 799,200 thousand USD in 2021, then decreased to 699,200 thousand USD in 2022.
Accounts payable steadily decreased from 165,300 thousand USD in 2018 to 122,600 thousand USD in 2022, indicating possibly improved payment management or changes in supplier credit terms.
Accrued compensation rose initially from 248,300 thousand USD in 2018 to 309,800 thousand USD in 2021 but then reversed to 228,800 thousand USD in 2022, showing volatility in employee-related liabilities.
Deferred revenue and other liabilities
Deferred revenue displayed a consistent upward trend, rising from 677,900 thousand USD in 2018 to 1,370,700 thousand USD in 2022, suggesting increased prepayments or advances from customers.
Other accrued liabilities also increased significantly from 258,000 thousand USD in 2018 to 454,600 thousand USD in 2022, reflecting rising obligations possibly related to operating expenses or contingencies.
Deferred taxes showed growth from 931,100 thousand USD in 2018 to 1,676,800 thousand USD in 2022, with a peak at 1,562,500 thousand USD in 2020 and a slight dip in 2021, indicating fluctuating taxable temporary differences.
Long-term debt and total liabilities
Long-term debt, net of current portion, rose substantially from 4,940,200 thousand USD in 2018 to a peak of 9,064,500 thousand USD in 2020, before decreasing to 5,962,500 thousand USD in 2022. This suggests significant financing activities with subsequent repayment or restructuring.
Total liabilities increased from 7,511,000 thousand USD in 2018, peaking at 13,545,000 thousand USD in 2020, then declining to 10,943,000 thousand USD in 2022, indicating a deleveraging phase after substantial borrowing.
Equity components
Stockholders’ equity grew steadily from 7,738,500 thousand USD in 2018 to 16,037,800 thousand USD in 2022, reflecting retained earnings accumulation and increased paid-in capital.
Retained earnings showed robust growth, nearly doubling from 6,247,700 thousand USD in 2018 to 13,730,700 thousand USD in 2022, indicating sustained profitability and reinvestment of earnings.
Additional paid-in capital increased gradually from 1,751,500 thousand USD in 2018 to 2,510,200 thousand USD in 2022, suggesting equity financing or stock-based compensation plans.
Accumulated other comprehensive loss decreased from -243,300 thousand USD in 2018 to -187,000 thousand USD in 2022, with fluctuations in between, pointing to changes in unrealized gains or losses, possibly from foreign currency or pension adjustments.
Treasury stock represented a small and slightly decreasing negative amount, from -18,500 thousand USD in 2018 to -17,200 thousand USD in 2022, indicating minor repurchases or retirements.
Other observations
Interest expense increased from 26,900 thousand USD in 2018 to a peak of 44,300 thousand USD in 2020, then declined to 40,200 thousand USD in 2022, consistent with changes in debt levels.
Income taxes payable showed volatility, with a notable spike in 2019 at 215,100 thousand USD and lower amounts in subsequent years, hinting at timing differences in tax payments or assessments.
New line items such as patent litigation accrual appeared in 2022 at 45,000 thousand USD, suggesting new contingencies or legal provisions.
Some items, including current operating lease liabilities, first appeared in 2019 and have declined since 2020, potentially reflecting changes in lease accounting standards or lease settlements.