fc6c27214823e0066e0c3bd321cdb8c3b25680112f2b915b7524201dcebd5ea3

Core revenue growth for the entire company (percentage)

Acquisition and divestiture impact on sales growth for the entire company (percentage)

Currency exchange rates impact on sales growth for the entire company (percentage)

Price increase contribution to sales growth in the IOS segment (percentage)

Core revenue growth for the PT segment (percentage)

Acquisition and divestiture impact on sales growth for the PT segment (percentage)

Currency exchange rates impact on sales growth for the PT segment (percentage)

Price increase contribution to sales growth in the PT segment (percentage)

Core revenue growth for the AHS segment (percentage)

Currency exchange rates impact on sales growth for the AHS segment (percentage)

Price increase contribution to sales growth in the AHS segment (percentage)

0ad157221465b60de6ae0a52a2ca23866b95955622aefa6bd76317191d7d7b66

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD]

EPS - Diluted [USD]

295a96c6c355476bf22f299f0a87979331b78e36ab0bc932cd3439ef86f2c176

Adjustments for Non-Cash Items

Stock-Based Compensation

Changes in Working Capital

Capital Expenditures (CapEx)

Proceeds from / Repayments of Debt

Share Repurchases

Dividend Payments

Net Change in Cash

477b2e62cd68fce6246d0055d8b139dddadaa0f5f51d0bb4d8dbf1f1108987c7

6d21925275154992621c37d2208fb155722a0dc75faf82771a2c3788d0138311

Fortive’s Q4 2023 spike in cash and equivalents was driven primarily by a robust performance in its operations. The company achieved **net cash provided by operating activities of $1,353.6 million**, which played a crucial role in boosting the cash balance. This inflow was supplemented by **net cash provided by financing activities of $32.3 million**, while the outflow from investing activities was relatively modest at **$195.4 million**. Additionally, there was a small negative impact of **$10.9 million** from exchange rate changes. Together, these factors resulted in an overall net increase of **$1,179.6 million** in cash and equivalents for Q4 2023, reaching a balance of **$1,888.8 million**.  **[0001659166-24-000046_ftv-20231231.htm:72]** **[0001659166-24-000046_ftv-20231231.htm:91]** 

Why did Cash and equivalents spike in Q4 2023?

The increase in Q1 2024 was primarily driven by acquisitions. Specifically, **goodwill increased** by **$1,112.9 million** and **other intangible assets, net, rose** by **$552.9 million**, both of which are attributed to acquisitions during the quarter. These increases were partially offset by a **decrease in cash and equivalents** of **$1,184.2 million** due to cash outflows for the acquisitions.  **[0001659166-24-000108_ftv-20240329.htm:1]** **[0001659166-24-000108_ftv-20240329.htm:34]** 

What drove the jump in Total assets in Q1 2024?

The increase in long-term debt in Q1 2024 was primarily driven by the issuance of **Euro-denominated senior unsecured notes**, specifically **€500 million in 3.7% notes due 2026 and €700 million in 3.7% notes due 2029**. The net proceeds of approximately **$1.3 billion** from these offerings were used to refinance approximately **$1.0 billion** of the outstanding principal on the Delayed-Draw Term Loan and borrowings under U.S. dollar-denominated commercial paper, as well as for general corporate purposes.  **[0001659166-24-000108_ftv-20240329.htm:10]** **[0001659166-24-000106_a2024329-ex991.htm:4]** 

What factors contributed to the increase in Long-term debt in Q1 2024?

Fortive’s refinancing activities led to a reclassification of its debt. The company used net proceeds from issuing Euro‐denominated senior unsecured notes to refinance a **$1.0 billion** outstanding principal—actions that shifted the composition of its debt and resulted in a lower current portion in Q2 2024 (at **$383.9 million**) compared to the prior period (with **$749.9 million** reported in Q3 2023).  **[0001659166-24-000148_ftv-20240628.htm:12]** **[0001659166-24-000146_q22024-ex991.htm:4]** **[0001659166-23-000232_ftv-20230929.htm:1]** **[0001659166-24-000148_ftv-20240628.htm:1]** 

Why did the Current portion of long-term debt drop sharply in Q2 2024?

5f1af69fb8ae0086122459704235090b6466dc7785cefda1f730e746b7220346

Professional Instrumentation

Industrial Technologies

Intelligent Operating Solutions

Precision Technologies

Advanced Healthcare Solutions

- Sales of Products and Software

- Sales of Services

Total Revenue

fb43880d1e6cd14cbd49672d1b004fa4d9a1fb94c679615eb43893049f3e4825

United States

China

Germany

All other

f52bc896452657b985de81e4f6ac5ad7b2a71604bcbfaf79498cb80e3000979f

Net earnings [USD, millions]

Amortization [USD, millions]

Depreciation [USD, millions]

Stock-based compensation [USD, millions]

Gain on sale of property [USD, millions]

Change in trade accounts receivable, net [USD, millions]

Change in inventories [USD, millions]

Change in trade accounts payable [USD, millions]

Change in prepaid expenses and other assets [USD, millions]

Change in accrued expenses and other liabilities [USD, millions]

Net cash provided by operating activities [USD, millions]

Cash paid for acquisitions, net of cash received [USD, millions]

Payments for additions to property, plant and equipment [USD, millions]

Proceeds from sale of property [USD, millions]

All other investing activities [USD, millions]

Net cash used in investing activities [USD, millions]

Net proceeds from (repayments of) commercial paper borrowings [USD, millions]

Proceeds from borrowings (maturities greater than 90 days), net of issuance costs [USD, millions]

Repayment of borrowings (maturities greater than 90 days) [USD, millions]

Repurchase of common shares [USD, millions]

Payment of dividends [USD, millions]

All other financing activities [USD, millions]

Net cash used in financing activities [USD, millions]

Effect of exchange rate changes on cash and equivalents [USD, millions]

Net change in cash and equivalents [USD, millions]

Beginning balance of cash and equivalents [USD, millions]

Ending balance of cash and equivalents [USD, millions]

ba66807d12445b43a34a1c288e196d62e3c0857f04c5601dd7413501936c2d8a

Total sales (USD, millions)

Total cost of sales (USD, millions)

Gross profit (USD, millions)

Selling, general and administrative expenses (USD, millions)

Research and development expenses (USD, millions)

Gain on sale of property (USD, millions)

Operating profit (USD, millions)

Interest expense, net (USD, millions)

Other non-operating expense, net (USD, millions)

Earnings before income taxes (USD, millions)

Income taxes (USD, millions)

Net earnings (USD, millions)

Net earnings per share: Basic (USD)

Net earnings per share: Diluted (USD)

Average common stock and common equivalent shares outstanding: Basic (millions)

Average common stock and common equivalent shares outstanding: Diluted (millions)

e484fb780bd4f91187fc8f0b4d69a09e1478c0c3ef21562e5c1decabe6775922

Fortive Corp (FTV)

Financials