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

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

bacf261d87225373e5d4c34a79e2eb13847bd11871a95c2807ae1bdb3b02b086

United States

China

Germany

All other

d5eeed365684006e80440d02f5ebc4ef99d602e8c921cc43dd927fdf8496aa93

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)

Operating profit (USD, millions)

Interest expense, net (USD, millions)

Other non-operating expense, net (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)

2036117e3e66f45ea91cb70c03fe4d6d132cfa2704a9906c22cb0909ae77ce6e

7be60049c9331267789bfb4235702e9e3a8613239c837d6627aeb9ad8e763cb5

Net cash provided by operating activities [USD, millions]

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

ef21089c6957f6dbf8220545d2febe2c703ef2e9a101d06c52f9cefa82ad31ba

Fortive Corp (FTV)

Financials