Name: Roper Technologies Inc. (NASDAQ:ROP) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

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

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	122,600)	150,800)	177,800)	162,000)	165,300)
Accrued compensation	228,800)	309,800)	286,100)	240,100)	248,300)
Deferred revenue	1,370,700)	1,130,200)	994,600)	831,800)	677,900)
Interest	40,200)	42,600)	44,300)	34,400)	26,900)
Customer deposits	48,900)	56,900)	50,100)	22,400)	22,300)
Accrued dividend	74,000)	66,800)	60,000)	54,300)	48,500)
Rebates	51,500)	63,000)	51,800)	47,100)	29,100)
Current operating lease liabilities	46,400)	51,400)	65,100)	56,800)	—)
Sales and other taxes payable	22,900)	25,400)	—)	—)	—)
Patent litigation accrual	45,000)	—)	—)	—)	—)
Other	125,700)	134,600)	185,700)	131,200)	131,200)
Other accrued liabilities	454,600)	440,700)	457,000)	346,200)	258,000)
Income taxes payable	16,600)	132,000)	26,900)	215,100)	58,300)
Current portion of long-term debt, net	699,200)	799,200)	502,000)	602,200)	1,500)
Current liabilities held for sale	—)	159,100)	—)	—)	38,900)
Current liabilities	2,892,500)	3,121,800)	2,444,400)	2,397,400)	1,448,200)
Long-term debt, net of current portion	5,962,500)	7,122,600)	9,064,500)	4,673,100)	4,940,200)
Deferred taxes	1,676,800)	1,479,500)	1,562,500)	1,108,100)	931,100)
Other liabilities	411,200)	426,200)	473,600)	438,400)	191,500)
Noncurrent liabilities	8,050,500)	9,028,300)	11,100,600)	6,219,600)	6,062,800)
Total liabilities	10,943,000)	12,150,100)	13,545,000)	8,617,000)	7,511,000)
Preferred stock, $0.01 par value per share; none outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value per share	1,100)	1,100)	1,100)	1,100)	1,100)
Additional paid-in capital	2,510,200)	2,307,800)	2,097,500)	1,903,900)	1,751,500)
Retained earnings	13,730,700)	9,455,600)	8,546,200)	7,818,000)	6,247,700)
Accumulated other comprehensive loss	(187,000)	(183,100)	(147,000)	(212,800)	(243,300)
Treasury stock	(17,200)	(17,600)	(18,000)	(18,300)	(18,500)
Stockholders’ equity	16,037,800)	11,563,800)	10,479,800)	9,491,900)	7,738,500)
Total liabilities and stockholders’ equity	26,980,800)	23,713,900)	24,024,800)	18,108,900)	15,249,500)

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).

The balance sheet exhibits a significant strengthening of the financial position between 2018 and 2022, characterized by a substantial expansion of stockholders' equity and a strategic reduction in total liabilities following a peak in 2020.

Liability Trends and Debt Management: Total liabilities experienced a sharp increase, rising from 7.51 billion in 2018 to a peak of 13.55 billion in 2020. This surge was primarily driven by long-term debt, which climbed from 4.67 billion in 2019 to 9.06 billion in 2020. However, a consistent deleveraging trend followed, with long-term debt decreasing to 5.96 billion by 2022, contributing to a reduction in total liabilities to 10.94 billion in the final year of the period.
Operational Liabilities and Deferred Revenue: Deferred revenue demonstrated a continuous and strong upward trajectory, increasing every year from 677.9 million in 2018 to 1.37 billion in 2022. This steady growth suggests a consistent increase in prepaid services or subscription-based contracts. In contrast, accounts payable and accrued compensation showed more volatility, with accounts payable declining from 165.3 million in 2018 to 122.6 million in 2022.
Equity Expansion and Retained Earnings: Stockholders' equity more than doubled over the analyzed period, growing from 7.74 billion in 2018 to 16.04 billion in 2022. The primary driver of this growth was retained earnings, which surged from 6.25 billion to 13.73 billion. Additional paid-in capital also saw a steady increase from 1.75 billion to 2.51 billion, indicating further capital contributions.
Solvency and Capital Structure: The overall capital structure shifted toward a more equity-heavy composition. While the company utilized significant leverage in 2020, the subsequent increase in retained earnings combined with the reduction in long-term debt has resulted in a more robust solvency profile by 2022. The impact of accumulated other comprehensive loss remained relatively stable, fluctuating between -147 million and -243.3 million throughout the five-year period.

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