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儒博實業宣佈第三季度財務業績
2024年10月23日，佛羅里達州薩拉索達...儒博實業公司（納斯達克：ROP） 報告了截至2024年9月30日第三季度的財務業績。本新聞稿中的結果是以持續運營爲基礎呈現的。
2024年第三季度要點
•營業收入增長13%，達到17.6億美元；有機營業收入增長4%
•根據通用會計準則，每股收益（GAAP DEPS）增長了6%，達到3.40美元；調整後的每股收益增長了7%，達到4.62美元。
•根據普通公認會計原則，淨收益增加了6%，達到36800萬美元；調整後的淨收益增加了7%，達到49900萬美元
•調整後的EBITDA增長了10%，達到71700萬美元
•經營性現金流爲$75500萬；調整後的經營性現金流增加了17%
「我們市場領先的科技業務組合再次交出了穩健的季度業績，營業收入增長13%，EBITDA增長10%，自由現金流增長15%，」 儒博實業的總裁兼首席執行官Neil Hunn表示。「再次，我們將全年指引提高至區間的高端，得益於我們第三季度的業績，持續擴大的循環收入基礎，以及對我們業務的關鍵解決方案需求的改善。」
在第三季度，我們完成了對Transact Campus的收購，該公司已與我們的CBORD業務合併。此次收購爲我們的投資組合增添了另一個高質量的垂直軟件業務，爲我們的股東提供了極具吸引力的價值創造機會。我們仍然具備執行我們紀律嚴明、流程驅動的資本部署策略的強大實力，具有重大的併購實力和豐富的收購機會儲備，"Hunn先生總結道。
更新2024年指導方針
Roper現在預計2024財年調整後每股盈利爲$18.21至$18.25，而之前的指引爲$18.10至$18.25。公司將全年總營業收入增長預期提升至13%以上，並繼續預計有機營業收入增長約爲6%。
公司預計2024年第四季度調整後每股收益爲4.70美元至4.74美元。
公司的指引不包括未公佈的未來收購或出售的影響。
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今天早上8:00 (東部時間) 將舉行電話會議
已安排了一個電話會議，討論這些結果，時間爲2024年10月23日週三上午8:00。可以通過網絡直播或撥打+1 800-836-8184（美國/加拿大）或+1 646-357-8785，會議通話ID 50829來接入。網絡直播信息和電話會議材料將在Roper公司網站的投資者部分提供。www.ropertech.com在電話會議開始前，也可以通過以下URL直接訪問網絡直播。 https://event.webcast電話重播將在兩週內提供，並且可以通過撥打+1 646-517-4150，訪問代碼50829#。
非GAAP財務信息的使用
本公司在GAAP基礎上補充其合併基本報表的某些非GAAP財務信息，以便爲投資者提供更深入的了解，增加透明度，並使管理層在財務和運營決策中使用的信息得到更全面的理解。非GAAP措施與其最直接可比的GAAP措施之間的調解包含在附帶的財務時間表或表格中。公司披露的非GAAP財務措施不應被視爲按照GAAP編制的財務措施的替代品或優勢，並且按照GAAP編制的財務結果，以及從這些結果得到的調解結果應該經過仔細評估。
少數股東權益
在將其工業業務的大部分股權出售給CD&R後，Roper持有Indicor的少數股權。 Roper在Indicor的股權投資的公允價值將每季度更新，並報告爲"股權投資收益，淨額"。 Roper還持有Certinia的少數股權，這是專業服務自動化軟件的領先提供商。 公司對這項投資進行權益法覈算，並報告與該投資相關的收益或虧損的按比例份額爲"股權投資收益，淨額"。 Roper對與這些投資相關的影響進行了非GAAP調整。
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| 表1：營業收入和調整後的EBITDA對賬（百萬美元） （來自持續經營） | |||||||||||||||||
| Q3 2023 | Q3 2024 | V % | |||||||||||||||
| GAAP營業收入 | $ | 1,563 | $ | 1,765 | 13 | % | |||||||||||
| 營業收入增長的元件 | |||||||||||||||||
| 有機 | 4 | % | |||||||||||||||
| 收購 | 9 | % | |||||||||||||||
| 匯率期貨 | — | % | |||||||||||||||
| 營業收入增長 | 13 | % | |||||||||||||||
| 調整後的EBITDA對賬表 | |||||||||||||||||
| 按照美國通用會計準則計算的淨收益 | $ | 346 | $ | 368 | |||||||||||||
| 稅收 | 97 | 99 | |||||||||||||||
| 利息支出 | 42 | 68 | |||||||||||||||
| 折舊費用 | 9 | 9 | |||||||||||||||
| 攤銷 | 182 | 197 | |||||||||||||||
| EBITDA | $ | 676 | $ | 741 | 10 | % | |||||||||||
| 與Syntellis ('23)和Transact ('24)收購相關的重組費用 | 9 | 9 | |||||||||||||||
| 已完成收購的交易相關費用 | 5 | 5 | |||||||||||||||
與Indicor和Certinia的少數股權投資相關的財務影響 A | (34) | (37) | |||||||||||||||
| 非營運資產出售收益 | (3) | — | |||||||||||||||
| 調整後的EBITDA | $ | 652 | $ | 717 | 10 | % | |||||||||||
| 收入佔比 | 41.7 | % | 40.7 | % | (100個點子) | ||||||||||||
表2：調整後淨收益對賬（百萬美元） （來自持續經營業務） | |||||||||||||||||
| Q3 2023 | Q3 2024 | V % | |||||||||||||||
| 按照美國通用會計準則計算的淨收益 | $ | 346 | $ | 368 | 6 | % | |||||||||||
| 與Syntellis（'23）和Transact（'24）收購相關的重組費用 | 7 | 7 | |||||||||||||||
| 已完成收購的交易相關費用 | 4 | 4 | |||||||||||||||
與對Indicor和Certinia的少數股權投資相關的財務影響 A | (28) | (29) | |||||||||||||||
| 非經營性資產出售收益 | (3) | — | |||||||||||||||
收購相關無形資產的攤銷 B | 140 | 149 | |||||||||||||||
| 調整後的淨收益 | $ | 465 | $ | 499 | 7 | % | |||||||||||
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表3：調整後的每股盈利調解 (來自持續經營) | |||||||||||||||||
| Q3 2023 | Q3 2024 | V % | |||||||||||||||
| GAAP每股盈利 | $ | 3.21 | $ | 3.40 | 6 | % | |||||||||||
| 與Syntellis（'23）和Transact（'24）收購相關的重組相關費用 | 0.06 | 0.07 | |||||||||||||||
| 已完成收購的交易相關費用 | 0.03 | 0.03 | |||||||||||||||
與Indicor＆Certinia的少數投資相關的財務影響 A | (0.26) | (0.27) | |||||||||||||||
| 非經營資產出售盈利 | (0.02) | — | |||||||||||||||
收購相關無形資產的攤銷 B | 1.30 | 1.38 | |||||||||||||||
| 調整後每股收益 | $ | 4.32 | $ | 4.62 | 7 | % | |||||||||||
| 表4：調整後現金流對賬（百萬美元） （來自持續經營業務） | |||||||||||||||||
| Q3 2023 | Q3 2024 | V % | |||||||||||||||
| 經營現金流量 | $ | 631 | $ | 755 | 20 | % | |||||||||||
| 與剝離相關的稅款支付期間 | 16 | — | |||||||||||||||
| 調整後的經營現金流量 | $ | 647 | $ | 755 | 17 | % | |||||||||||
| 資本支出 | (13) | (23) | |||||||||||||||
| 已資本化的軟件支出 | (9) | (13) | |||||||||||||||
| 調整後的自由現金流 | $ | 625 | $ | 719 | 15 | % | |||||||||||
表5：預測調整後的每股收益調解 （來自持續經營） | |||||||||||||||||||||||
| Q4 2024 | 2024財年 | ||||||||||||||||||||||
| 低點 | 高點 | 低點 | 高點 | ||||||||||||||||||||
GAAP每股收益 C | $ | 3.29 | $ | 3.33 | $ | 12.64 | $ | 12.68 | |||||||||||||||
| 與Transact收購相關的重組費用 | — | — | 0.07 | 0.07 | |||||||||||||||||||
| 已完成收購的交易相關費用 | — | — | 0.05 | 0.05 | |||||||||||||||||||
與Indicor和Certinia的少數股權投資有關的財務影響 A | 待定 | 待定 | 待定 | 待定 | |||||||||||||||||||
收購相關無形資產的攤銷 B | 1.41 | 1.41 | 5.45 | 5.45 | |||||||||||||||||||
| 調整後每股收益 | $ | 4.70 | $ | 4.74 | $ | 18.21 | $ | 18.25 | |||||||||||||||
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腳註：
| A. | 與Indicor和Certinia的少數股權投資相關的財務影響調整如下所示（以百萬美元計，除每股數據外）。預測結果不包括與我們在Indicor或Certinia的少數股權投資相關的潛在影響，因爲這些潛在影響無法合理預測。這些影響將在未來期間的所有非GAAP結果中排除。 | ||||||||||||||||||||||||||||
| 2023年第三季度實際情況 | 2024年第三季度實際情況 | 2024年第四季度預估 | 2024財年預測 | ||||||||||||||||||||||||||
| 稅前 | $ | (34) | $ | (37) | 待定 | 待定 | |||||||||||||||||||||||
| 稅後 | $ | (28) | $ | (29) | 待定 | 待定 | |||||||||||||||||||||||
| 每股 | $ | (0.26) | $ | (0.27) | 待定 | 待定 | |||||||||||||||||||||||
| B. | 顯示如下的實際結果和對收購相關無形資產的預計攤銷（單位：百萬美元，除每股數據外）。這些調整按21%的稅率徵稅。 | ||||||||||||||||||||||||||||
| 2023年第三季度實際 | 2024年第三季度實際 | 2024年第四季度預估 | 2024財年預測 | ||||||||||||||||||||||||||
| 稅前 | $ | 177 | $ | 189 | $ | 193 | $ | 745 | |||||||||||||||||||||
| 稅後 | $ | 140 | $ | 149 | $ | 153 | $ | 588 | |||||||||||||||||||||
| 每股 | $ | 1.30 | $ | 1.38 | $ | 1.41 | $ | 5.45 | |||||||||||||||||||||
| C. | 預計的美國通用會計準則每股收益不包括與我們在Indicor或Certinia的少數投資相關的任何潛在影響。這些影響將在未來期間的所有非通用會計結果中排除。 | ||||||||||||||||||||||||||||
Note: Numbers may not foot due to rounding.
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About Roper Technologies
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.
Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com
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The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of the current inflationary environment and ongoing supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
# # #
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| Roper Technologies, Inc. | |||||||||||
| Condensed Consolidated Balance Sheets (unaudited) | |||||||||||
| (Amounts in millions) | |||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||
| ASSETS: | |||||||||||
| Cash and cash equivalents | $ | 269.6 | $ | 214.3 | |||||||
| Accounts receivable, net | 821.2 | 829.9 | |||||||||
| Inventories, net | 129.0 | 118.6 | |||||||||
| Income taxes receivable | 43.0 | 47.7 | |||||||||
| Unbilled receivables | 130.3 | 106.4 | |||||||||
| Other current assets | 199.2 | 164.5 | |||||||||
| Total current assets | 1,592.3 | 1,481.4 | |||||||||
| Property, plant and equipment, net | 132.8 | 119.6 | |||||||||
| Goodwill | 19,267.2 | 17,118.8 | |||||||||
| Other intangible assets, net | 9,212.7 | 8,212.1 | |||||||||
| Deferred taxes | 35.9 | 32.2 | |||||||||
| Equity investments | 878.6 | 795.7 | |||||||||
| Other assets | 433.2 | 407.7 | |||||||||
| Total assets | $ | 31,552.7 | $ | 28,167.5 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | |||||||||||
| Accounts payable | $ | 155.8 | $ | 143.0 | |||||||
| Accrued compensation | 248.5 | 250.0 | |||||||||
| Deferred revenue | 1,671.0 | 1,583.8 | |||||||||
| Other accrued liabilities | 468.4 | 446.5 | |||||||||
| Income taxes payable | 47.0 | 40.4 | |||||||||
| Current portion of long-term debt, net | 699.0 | 499.5 | |||||||||
| Total current liabilities | 3,289.7 | 2,963.2 | |||||||||
| Long-term debt, net of current portion | 7,677.6 | 5,830.6 | |||||||||
| Deferred taxes | 1,649.9 | 1,513.1 | |||||||||
| Other liabilities | 420.0 | 415.8 | |||||||||
| Total liabilities | 13,037.2 | 10,722.7 | |||||||||
| Common stock | 1.1 | 1.1 | |||||||||
| Additional paid-in capital | 2,976.9 | 2,767.0 | |||||||||
| Retained earnings | 15,661.4 | 14,816.3 | |||||||||
| Accumulated other comprehensive loss | (107.4) | (122.8) | |||||||||
| Treasury stock | (16.5) | (16.8) | |||||||||
| Total stockholders’ equity | 18,515.5 | 17,444.8 | |||||||||
| Total liabilities and stockholders’ equity | $ | 31,552.7 | $ | 28,167.5 | |||||||
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| Roper Technologies, Inc. | |||||||||||||||||||||||
| Condensed Consolidated Statements of Earnings (unaudited) | |||||||||||||||||||||||
| (Amounts in millions, except per share data) | |||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||
| Net revenues | $ | 1,764.6 | $ | 1,563.4 | $ | 5,162.1 | $ | 4,564.3 | |||||||||||||||
| Cost of sales | 542.9 | 467.1 | 1,566.1 | 1,382.3 | |||||||||||||||||||
| Gross profit | 1,221.7 | 1,096.3 | 3,596.0 | 3,182.0 | |||||||||||||||||||
| Selling, general and administrative expenses | 725.1 | 650.2 | 2,123.9 | 1,899.6 | |||||||||||||||||||
| Income from operations | 496.6 | 446.1 | 1,472.1 | 1,282.4 | |||||||||||||||||||
| Interest expense, net | 67.7 | 42.4 | 188.4 | 114.6 | |||||||||||||||||||
| Equity investments gain, net | (37.4) | (33.9) | (93.6) | (98.7) | |||||||||||||||||||
| Other (income) expense, net | (0.9) | (5.0) | 0.9 | 0.1 | |||||||||||||||||||
| Earnings before income taxes | 467.2 | 442.6 | 1,376.4 | 1,266.4 | |||||||||||||||||||
| Income taxes | 99.3 | 97.0 | 289.4 | 275.5 | |||||||||||||||||||
| Net earnings from continuing operations | 367.9 | 345.6 | 1,087.0 | 990.9 | |||||||||||||||||||
| Loss from discontinued operations, net of tax | — | (2.9) | — | (4.1) | |||||||||||||||||||
| Gain on disposition of discontinued operations, net of tax | — | 4.5 | — | 8.4 | |||||||||||||||||||
| Net earnings from discontinued operations | — | 1.6 | — | 4.3 | |||||||||||||||||||
| Net earnings | $ | 367.9 | $ | 347.2 | $ | 1,087.0 | $ | 995.2 | |||||||||||||||
| Net earnings per share from continuing operations: | |||||||||||||||||||||||
| Basic | $ | 3.43 | $ | 3.23 | $ | 10.15 | $ | 9.30 | |||||||||||||||
| Diluted | $ | 3.40 | $ | 3.21 | $ | 10.06 | $ | 9.23 | |||||||||||||||
| Net earnings per share from discontinued operations: | |||||||||||||||||||||||
| Basic | $ | — | $ | 0.02 | $ | — | $ | 0.04 | |||||||||||||||
| Diluted | $ | — | $ | 0.02 | $ | — | $ | 0.04 | |||||||||||||||
| Net earnings per share: | |||||||||||||||||||||||
| Basic | $ | 3.43 | $ | 3.25 | $ | 10.15 | $ | 9.34 | |||||||||||||||
| Diluted | $ | 3.40 | $ | 3.23 | $ | 10.06 | $ | 9.27 | |||||||||||||||
| Weighted average common shares outstanding: | |||||||||||||||||||||||
| Basic | 107.2 | 106.7 | 107.1 | 106.5 | |||||||||||||||||||
| Diluted | 108.1 | 107.6 | 108.0 | 107.3 | |||||||||||||||||||
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| Roper Technologies, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||
| Selected Segment Financial Data (unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||
| (Amounts in millions; percentages of net revenues) | |||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||
| Amount | % | Amount | % | Amount | % | Amount | % | ||||||||||||||||||||||||||||||||||||||||
| Net revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
| Application Software | $ | 984.4 | $ | 803.4 | $ | 2,811.4 | $ | 2,335.1 | |||||||||||||||||||||||||||||||||||||||
| Network Software | 367.1 | 364.1 | 1,102.1 | 1,076.7 | |||||||||||||||||||||||||||||||||||||||||||
| Technology Enabled Products | 413.1 | 395.9 | 1,248.6 | 1,152.5 | |||||||||||||||||||||||||||||||||||||||||||
| Total | $ | 1,764.6 | $ | 1,563.4 | $ | 5,162.1 | $ | 4,564.3 | |||||||||||||||||||||||||||||||||||||||
| Gross profit: | |||||||||||||||||||||||||||||||||||||||||||||||
| Application Software | $ | 672.8 | 68.3% | $ | 557.7 | 69.4% | $ | 1,939.6 | 69.0% | $ | 1,609.2 | 68.9% | |||||||||||||||||||||||||||||||||||
| Network Software | 311.8 | 84.9% | 310.7 | 85.3% | 935.9 | 84.9% | 914.0 | 84.9% | |||||||||||||||||||||||||||||||||||||||
| Technology Enabled Products | 237.1 | 57.4% | 227.9 | 57.6% | 720.5 | 57.7% | 658.8 | 57.2% | |||||||||||||||||||||||||||||||||||||||
| Total | $ | 1,221.7 | 69.2% | $ | 1,096.3 | 70.1% | $ | 3,596.0 | 69.7% | $ | 3,182.0 | 69.7% | |||||||||||||||||||||||||||||||||||
| Operating profit*: | |||||||||||||||||||||||||||||||||||||||||||||||
| Application Software | $ | 259.8 | 26.4% | $ | 206.9 | 25.8% | $ | 750.5 | 26.7% | $ | 601.3 | 25.8% | |||||||||||||||||||||||||||||||||||
| Network Software | 166.0 | 45.2% | 164.4 | 45.2% | 492.1 | 44.7% | 465.0 | 43.2% | |||||||||||||||||||||||||||||||||||||||
| Technology Enabled Products | 141.1 | 34.2% | 137.1 | 34.6% | 424.0 | 34.0% | 391.7 | 34.0% | |||||||||||||||||||||||||||||||||||||||
| Total | $ | 566.9 | 32.1% | $ | 508.4 | 32.5% | $ | 1,666.6 | 32.3% | $ | 1,458.0 | 31.9% | |||||||||||||||||||||||||||||||||||
| * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $70.3 and $62.3 for the three months ended September 30, 2024 and 2023, respectively, and $194.5 and $175.6 for the nine months ended September 30, 2024 and 2023, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||
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| Roper Technologies, Inc. | |||||||||||
| Condensed Consolidated Statements of Cash Flows (unaudited) | |||||||||||
| (Amounts in millions) | |||||||||||
| Nine months ended September 30, | |||||||||||
| 2024 | 2023 | ||||||||||
| Cash flows from operating activities: | |||||||||||
| Net earnings from continuing operations | $ | 1,087.0 | $ | 990.9 | |||||||
| Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities: | |||||||||||
| Depreciation and amortization of property, plant and equipment | 27.9 | 26.3 | |||||||||
| Amortization of intangible assets | 573.8 | 532.8 | |||||||||
| Amortization of deferred financing costs | 7.0 | 7.7 | |||||||||
| Non-cash stock compensation | 112.9 | 99.2 | |||||||||
| Equity investments gain, net | (93.6) | (98.7) | |||||||||
| Income tax provision | 289.4 | 275.5 | |||||||||
| Changes in operating assets and liabilities, net of acquired businesses: | |||||||||||
| Accounts receivable | 82.8 | 25.8 | |||||||||
| Unbilled receivables | (17.1) | (15.3) | |||||||||
| Inventories | (8.3) | (11.2) | |||||||||
| Accounts payable | (7.2) | 12.1 | |||||||||
| Other accrued liabilities | (1.7) | (72.0) | |||||||||
| Deferred revenue | 24.5 | 18.6 | |||||||||
| Cash taxes paid for gain on disposal of business | — | (16.4) | |||||||||
| Cash income taxes paid, excluding tax associated with gain on disposal of business | (383.1) | (335.6) | |||||||||
| Other, net | (23.3) | (24.0) | |||||||||
| Cash provided by operating activities from continuing operations | 1,671.0 | 1,415.7 | |||||||||
| Cash used in operating activities from discontinued operations | — | (2.4) | |||||||||
| Cash provided by operating activities | 1,671.0 | 1,413.3 | |||||||||
| Cash flows from (used in) investing activities: | |||||||||||
| Acquisitions of businesses, net of cash acquired | (3,464.1) | (1,970.1) | |||||||||
| Capital expenditures | (39.2) | (37.8) | |||||||||
| Capitalized software expenditures | (33.4) | (28.7) | |||||||||
| Distributions from equity investment | 9.5 | 25.3 | |||||||||
| Other, net | (1.0) | 0.6 | |||||||||
| Cash used in investing activities from continuing operations | (3,528.2) | (2,010.7) | |||||||||
| Cash provided by disposition of discontinued operations | — | 2.0 | |||||||||
| Cash used in investing activities | (3,528.2) | (2,008.7) | |||||||||
| Cash flows from (used in) financing activities: | |||||||||||
| Proceeds from senior notes | 2,000.0 | — | |||||||||
| Payments of senior notes | (500.0) | (700.0) | |||||||||
| Borrowings under revolving line of credit, net | 565.0 | 910.0 | |||||||||
| Debt issuance costs | (24.7) | — | |||||||||
| Cash dividends to stockholders | (241.1) | (217.5) | |||||||||
| Proceeds from stock-based compensation, net | 88.1 | 99.3 | |||||||||
| Treasury stock sales | 14.5 | 11.6 | |||||||||
| Other | (0.1) | (0.1) | |||||||||
| Cash provided by financing activities | 1,901.7 | 103.3 | |||||||||
| (Continued) | |||||||||||
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| Roper Technologies, Inc. | |||||||||||
| Condensed Consolidated Statements of Cash Flows (unaudited) - Continued | |||||||||||
| (Amounts in millions) | |||||||||||
| Nine months ended September 30, | |||||||||||
| 2024 | 2023 | ||||||||||
| Effect of exchange rate changes on cash | 10.8 | (1.2) | |||||||||
| Net increase (decrease) in cash and cash equivalents | 55.3 | (493.3) | |||||||||
| Cash and cash equivalents, beginning of period | 214.3 | 792.8 | |||||||||
| Cash and cash equivalents, end of period | $ | 269.6 | $ | 299.5 | |||||||
12