Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

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Total Revenue [USD, Millions]

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

Selling, General, and Administrative Expenses (SG&A) [USD, Millions]

Research and Development (R&D) [USD, Millions]

Depreciation and Amortization (D&A) [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

Earnings Per Share (EPS) - Basic [USD, Units]

Earnings Per Share (EPS) - Diluted [USD, Units]

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The low **cash and cash equivalents** in Q1 2024 are primarily due to significant **investing outflows** related to the acquisition of Procare Solutions, which used **$1,878.6 million** compared to much smaller investments in previous periods. Additionally, although the company raised **$1,336.9 million** through financing activities to support the acquisition and saw an increase in operating cash, the net effect still resulted in a reduction of cash—ending Q1 2024 at **$198.4 million** compared to **$214.3 million** at the end of 2023.  **[0000882835-24-000018_rop-20240331.htm:18]** **[0000882835-24-000015_a2024q1earningsrelease.htm:6]** 

Why is Cash and cash equivalents so low in Q1 2024?

The jump in Q1 2024 total assets was primarily driven by strategic acquisitions. **Goodwill** increased significantly from **$17,118.8 million** to **$18,310.8 million**, notably reflecting the impact of the acquisition of Procare Solutions, while **other intangible assets** rose from **$8,212.1 million** to **$8,830.9 million**, and there was a modest increase in **equity investments** from **$795.7 million** to **$852.5 million**.  **[0000882835-24-000015_a2024q1earningsrelease.htm:6]** **[0000882835-24-000015_a2024q1earningsrelease.htm:0]** 

What drove the jump in Total assets in Q1 2024?

The documents indicate that the current portion of long-term debt increased from **$499.5 million** to **$499.7 million** between December 31, 2023, and March 31, 2024, which is a minor adjustment rather than a significant rise. However, they do not provide specific factors or details explaining this slight change in Q1 2024.  **[0000882835-24-000015_a2024q1earningsrelease.htm:6]** **[0000882835-24-000018_rop-20240331.htm:2]** 

What factors contributed to the rise in long-term debt in Q1 2024?

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Net revenues (USD, millions)

Cost of sales (USD, millions)

Gross profit (USD, millions)

Selling, general and administrative expenses (USD, millions)

Income from operations (USD, millions)

Interest expense, net (USD, millions)

Equity investments (gain) loss, net (USD, millions)

Other expense, net (USD, millions)

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Income taxes (USD, millions)

Net earnings (USD, millions)

81d50b0316464ff83bc20c2dbb5e1139c456bd0a660e4eed9a4a44f498182021

United States

Non-U.S.

- Canada

- Europe

- Asia

- Middle East

- Rest of the World

Eliminations

Total Revenue

29812436e3986d8b2081e8d1a087f57182b565b4e40c4d53c9097ba1204159bd

Net earnings from continuing operations [USD, millions]

Depreciation and amortization of property, plant and equipment [USD, millions]

Amortization of intangible assets [USD, millions]

Amortization of deferred financing costs [USD, millions]

Non-cash stock compensation [USD, millions]

Equity investments gain, net [USD, millions]

Income tax provision [USD, millions]

Cash income taxes paid, excluding tax associated with gain on disposal of business [USD, millions]

Cash provided by operating activities [USD, millions]

Acquisitions of businesses, net of cash acquired [USD, millions]

Capital expenditures [USD, millions]

Capitalized software expenditures [USD, millions]

Other, net (investing activities) [USD, millions]

Cash used in investing activities [USD, millions]

Borrowings under revolving line of credit, net [USD, millions]

Cash dividends to stockholders [USD, millions]

Proceeds from stock-based compensation, net [USD, millions]

Treasury stock sales [USD, millions]

Other, net (financing activities) [USD, millions]

Cash provided by financing activities [USD, millions]

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

Net increase (decrease) in cash and cash equivalents [USD, millions]

Cash and cash equivalents, beginning of period [USD, millions]

Cash and cash equivalents, end of period [USD, millions]

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ea8d30e25099df8b49deddf08e71da17e02a487728dc8764f6ba830b2e8167ee

Roper Technologies Inc (ROP)

Financials