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

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

8b29fa81fb731f4535bf87ad6cad5623bc275b53b04d308f76154b6b18581c01

b78aad47742537066a6581bcdcba4ab2f1844be8ba78f6ba185de7f7ca4c8e74

8601d0249561c3a6619dab3eecbad824dab8a825df2b942f7f00a6b928a73ba1

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?

03ec0b7566b7f6cad864901dcdad765f865143de8a29b9889ee4f47cf7fac162

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

United States

Non-U.S.

- Canada

- Europe

- Asia

- Middle East

- Rest of the World

Eliminations

Total Revenue

4043d9e471c86072e80b189b859b45b372f48c3223268a7c5d6072cb51aa9cb6

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]

faa8ff21792c8dfa90f55b5a1e9965081416c90f430bc3e787a56883e95618be

Roper Technologies Inc (ROP)

Financials