Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Roper Technologies Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings from continuing operations	985,600)	982,600)	949,700)	1,767,900)	944,400)
Depreciation and amortization of property, plant and equipment	37,300)	49,700)	53,400)	49,200)	49,500)
Amortization of intangible assets	612,800)	584,400)	467,400)	366,800)	317,500)
Amortization of deferred financing costs	11,800)	13,500)	10,900)	7,300)	6,300)
Non-cash stock compensation	118,500)	136,100)	121,700)	104,500)	133,800)
Impairment of intangible assets	—)	99,500)	—)	—)	—)
Loss on debt extinguishment	—)	—)	—)	—)	15,900)
Gain on disposal of assets and businesses, net of associated income tax	—)	(21,600)	—)	(687,300)	—)
Income tax provision, excluding tax associated with gain on disposal of businesses and assets	296,400)	282,900)	259,600)	226,100)	254,000)
Accounts receivable	2,500)	(100,200)	53,300)	(46,700)	(83,500)
Unbilled receivables	(11,100)	(19,400)	(39,300)	(12,000)	(14,000)
Inventories	(43,100)	(13,900)	4,600)	(17,300)	(21,800)
Accounts payable	21,300)	—)	—)	—)	—)
Other accrued liabilities	(7,600)	—)	—)	—)	—)
Accounts payable and accrued liabilities (legacy)	—)	66,300)	121,600)	(12,200)	68,800)
Deferred revenue	52,900)	164,500)	56,900)	108,800)	86,600)
Changes in operating assets and liabilities, net of acquired businesses	14,900)	97,300)	197,100)	20,600)	36,100)
Cash tax paid for gain on disposal of businesses	(953,800)	—)	(201,900)	(39,400)	—)
Cash income taxes paid, excluding tax associated with gain on disposal of businesses	(498,900)	(320,700)	(313,200)	(331,500)	(321,600)
Other, net	(18,000)	(37,500)	(19,600)	(22,400)	(5,800)
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities	(379,000)	883,600)	575,400)	(306,100)	485,700)
Cash provided by operating activities	606,600)	1,866,200)	1,525,100)	1,461,800)	1,430,100)
Acquisitions of businesses, net of cash acquired	(4,280,100)	(217,000)	(6,018,100)	(2,387,300)	(1,275,800)
Capital expenditures	(40,100)	(32,900)	(31,200)	(52,700)	(49,100)
Capitalized software expenditures	(30,200)	(29,700)	(17,700)	(10,200)	(9,500)
Proceeds from (used in) disposal of businesses	—)	—)	(4,300)	1,156,800)	—)
Proceeds from sale of assets	—)	27,100)	—)	—)	—)
Other, net	(1,400)	(700)	(2,600)	(2,600)	(700)
Cash used in investing activities	(4,351,800)	(253,200)	(6,073,900)	(1,296,000)	(1,335,100)
Proceeds from senior notes	—)	—)	3,300,000)	1,200,000)	1,500,000)
Payment of senior notes	(800,000)	(500,000)	(600,000)	—)	(1,300,000)
Borrowings (payments) under revolving line of credit, net	(470,000)	(1,150,000)	1,620,000)	(865,000)	(405,000)
Debt issuance costs	(3,900)	—)	(42,000)	(12,100)	(13,900)
Redemption premium for debt extinguishment	—)	—)	—)	—)	(15,500)
Cash dividends to stockholders	(262,300)	(236,400)	(214,100)	(191,700)	(170,100)
Treasury stock sales	14,300)	15,100)	10,500)	6,800)	5,400)
Proceeds from stock-based compensation, net	68,200)	64,300)	64,400)	34,900)	10,600)
Other, net	(200)	(100)	(1,900)	4,100)	400)
Cash provided by (used in) financing activities	(1,453,900)	(1,807,100)	4,136,900)	177,000)	(388,100)
Cash provided by operating activities from discontinued operations	128,000)	145,700)	—)	—)	—)
Proceeds from disposition of discontinued operations	5,561,800)	115,600)	—)	—)	—)
Cash used in investing activities from discontinued operations	(500)	(5,300)	—)	—)	—)
Cash used in financing activities from discontinued operations	(11,400)	(6,400)	—)	—)	—)
Cash provided by discontinued operations	5,677,900)	249,600)	—)	—)	—)
Effect of exchange rate changes on cash	(37,500)	(12,300)	10,500)	2,500)	(13,800)
Net increase (decrease) in cash and cash equivalents	441,300)	43,200)	(401,400)	345,300)	(306,900)
Cash and cash equivalents, beginning of year	351,500)	308,300)	709,700)	364,400)	671,300)
Cash and cash equivalents, end of year	792,800)	351,500)	308,300)	709,700)	364,400)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Cash flow statement item	Description	The company
Cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Roper Technologies Inc. cash provided by operating activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Roper Technologies Inc. cash used in investing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Roper Technologies Inc. cash provided by (used in) financing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

Roper Technologies Inc. (NASDAQ:ROP)

Cash Flow Statement