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)

Earnings before income taxes (USD, millions)

Income taxes (USD, millions)

Net earnings (USD, millions)

81d50b0316464ff83bc20c2dbb5e1139c456bd0a660e4eed9a4a44f498182021

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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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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8601d0249561c3a6619dab3eecbad824dab8a825df2b942f7f00a6b928a73ba1

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]

a612117fff89180965db1e27a8dc1ff3912213c0f16d7eb567e9083df948f303

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]

ca5a4477ef992c37cf94f319857ce9636fb9f70638a301637f735a79569b5a14

fc7df6f02fda2c559c6d4bb3825ad50f4ce2c80545b6553454702b1b60e3fa74

b78aad47742537066a6581bcdcba4ab2f1844be8ba78f6ba185de7f7ca4c8e74

United States

Non-U.S.

- Canada

- Europe

- Asia

- Middle East

- Rest of the World

Eliminations

Total Revenue

29812436e3986d8b2081e8d1a087f57182b565b4e40c4d53c9097ba1204159bd

ea8d30e25099df8b49deddf08e71da17e02a487728dc8764f6ba830b2e8167ee

ROPER TECHNOLOGIES (ROP)

Financials