Fortive Corp

10-K & 10-Q Filings

Fortive Corporation is a provider of essential technologies for connected workflow solutions across various end-markets. The company was formed in 2016 as an independent, publicly-traded company after separating from Danaher Corporation. Fortive operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services for mission-critical workflows in industries such as manufacturing, healthcare, and utilities. The Precision Technologies segment offers solutions for measuring, testing, and analyzing various applications in industries like industrial, power and energy, and automotive. The Advanced Healthcare Solutions segment supplies critical workflow solutions for healthcare providers, including instrument sterilization, instrument tracking, and clinical productivity software. The company's website is fortive.com, and its ticker symbol is FTV.

12 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 29, 2024CAGR %YoY %Revenue (+)

$6224.30

6656.00

6452.70

7320.00

4634.40

5254.70

5825.70

6065.30

1460.70

1524.50

-0.37%4.37%Cost of Revenue (-)

$3191.50

3357.50

3131.40

3639.70

2025.90

2247.60

2462.30

2471.20

612.50

620.30

-3.59%1.27%Gross Profit (+)

$3032.80

3298.50

3321.30

3680.30

2608.50

3007.10

3363.40

3594.10

848.20

904.20

2.46%6.60%Selling, General & Administrative (-)

$1402.00

1537.60

1728.60

2219.50

1748.40

1839.50

1956.60

2062.60

507.70

561.00

5.67%10.50%Research & Development (-)

$384.80

406.00

414.30

456.70

320.70

354.80

401.50

397.80

100.10

104.10

0.48%4.00%Non-recurring Operating Expenses (-)

-29.90

Operating Expenses (-)

$1786.80

1943.60

2142.90

2676.20

2069.10

2194.30

2376.00

2460.40

607.80

602.00

4.68%-0.95%Costs & Expenses (Total) (-)

$4978.30

5301.10

5274.30

6315.90

4095.00

4412.00

4838.30

4931.60

1220.30

1222.30

-0.13%0.16%Operating Income/Loss (+)

$1246.00

1354.90

1178.40

1004.10

539.40

812.80

987.40

1133.70

240.40

302.20

-1.34%25.71%Non-operating Income/Expense (+)

-70.70

-3.00

34.60

1116.80

-62.00

-15.60

-19.40

-2.50

-24.20

-868.00%Interest Expense (-)

$49.00

97.00

164.20

148.50

103.20

98.30

123.50

32.10

44.00

14.12%37.07%Earnings before Tax (+)

$1197.00

1284.20

1078.40

874.50

1507.70

677.50

873.50

990.80

205.80

234.00

-2.66%13.70%Tax Expense (-)

$324.70

239.70

160.10

149.10

55.50

63.30

118.30

125.00

32.20

26.60

-12.75%-17.39%Income/Loss (Continuing Operations) (+)

$872.30

1044.50

918.30

725.40

1452.20

614.20

755.20

865.80

173.60

207.40

-0.11%19.47%Income/Loss (Discontinued Operations) (+)

1995.50

13.50

161.10

-5.80

Profit/Loss (+)

$872.30

1044.50

2913.80

738.90

1613.30

608.40

755.20

865.80

-0.11%Net Income/Loss (+)

$872.30

1044.50

2878.90

669.90

1544.30

573.90

755.20

865.80

173.60

207.40

-0.11%19.47%Preferred & Other Distributions (-)

34.90

69.00

34.50

Net Income/Loss (Common) (+)

$872.30

1044.50

2878.90

669.90

1544.30

573.90

755.20

865.80

173.60

207.40

-0.11%19.47%EPS (Basic)

$2.52

3.01

8.33

1.99

4.58

1.64

2.12

2.46

0.49

0.59

-0.34%20.41%EPS (Diluted)

$2.51

2.96

8.21

1.97

4.49

1.63

2.10

2.43

0.49

0.58

-0.46%18.37%Weighted Avg Shares (Basic)

345.70

347.50

345.50

335.80

337.40

349.00

356.40

352.50

353.60

351.70

0.28%-0.54%Weighted Avg Shares (Diluted)

347.30

352.60

350.70

340.00

359.00

352.30

360.80

355.60

356.50

356.00

0.34%-0.14%Cash

$803.20

962.10

1178.40

1205.20

1824.80

819.30

709.20

1888.80

672.80

704.60

12.99%4.73%Short-term Investments

1119.20

Receivables

$945.40

1143.60

1195.10

1384.50

810.30

930.20

958.50

960.80

940.70

962.60

0.23%2.33%Inventory

$544.60

580.60

574.50

640.30

455.50

512.70

536.70

536.90

570.20

580.80

-0.20%1.86%Prepaid Expenses (Current)

$195.50

250.50

193.20

455.60

206.70

252.70

272.60

285.10

271.60

365.90

5.54%34.72%Other Assets (Current)

30.00

3.20

30.40

Assets (Current)

$2488.70

2936.80

3171.20

3688.80

4446.90

2514.90

2477.00

3671.60

2455.30

2613.90

5.71%6.46%Property, Plant & Equipment (Net)

$547.60

712.50

576.10

726.30

610.70

571.10

421.90

439.80

425.60

422.70

-3.08%-0.68%Goodwill & Intangibles

$4726.30

6374.50

8609.40

12244.30

10649.80

13042.20

12535.90

12281.50

12453.90

13947.30

14.62%11.99%Other Assets

$427.20

476.80

548.90

779.60

344.10

337.30

455.80

518.90

470.00

536.20

2.82%14.09%Assets (Non-current)

$5701.10

7563.80

9734.40

13750.20

11604.60

13950.60

13413.60

13240.20

13349.50

14906.20

12.79%11.66%Assets (Total)

$8189.80

10500.60

12905.60

17439.00

16051.50

16465.50

15890.60

16911.80

15804.80

17520.10

10.91%10.85%Accounts Payable

$1466.50

1602.30

1705.80

1912.30

1380.70

1518.60

1727.40

1791.30

1630.30

1738.70

2.90%6.65%Debt (Current)

455.60

1554.90

1399.80

2151.70

999.70

999.80

Other Liabilities (Current)

30.70

80.30

44.60

Liabilities (Current)

$1466.50

1602.30

2192.10

3467.20

2860.80

3714.90

2727.10

1791.30

2630.10

1738.70

2.90%-33.89%Debt (Non-current)

$3358.00

4056.20

2974.70

4987.40

2830.30

1807.30

2251.60

3646.20

2094.60

3941.70

1.18%88.18%Other Liabilities

$674.30

1033.90

1125.90

1584.20

1387.70

1426.30

1223.30

1149.00

1204.40

1356.60

7.91%12.64%Liabilities (Non-current)

$4032.30

5090.10

4100.60

6571.60

4218.00

3233.60

3474.90

4795.20

3299.00

5298.30

2.51%60.60%Liabilities (Total)

$5498.80

6692.40

6292.70

10038.80

7078.80

6948.50

6202.00

6586.50

5929.10

7037.00

2.61%18.69%Treasury Stock

442.90

715.80

442.90

715.80

61.62%Retained Earnings

$403.00

1350.30

3552.70

4128.80

5547.40

6023.60

6742.10

7505.90

6891.00

7685.20

51.86%11.53%AOCI

$-145.80

-7.60

-86.60

-56.30

-141.10

-185.00

-325.70

-326.10

-312.30

-402.50

-28.88%Shareholder's Equity

$2691.00

3808.20

6612.90

7400.20

8972.70

9517.00

9688.60

10325.30

9875.70

10483.10

21.18%6.15%Liabilities & Equity

$8189.80

10500.60

12905.60

17439.00

16051.50

16465.50

15890.60

16911.80

15804.80

17520.10

10.91%10.85%Net Income/Loss

$872.30

1044.50

Depreciation & Amortization

$176.40

174.30

260.80

426.20

384.00

395.50

465.60

456.80

112.80

136.80

14.56%21.28%Increase/Decrease in Working Capital

$-38.10

69.80

29.70

-112.70

-203.40

111.50

20.60

82.30

138.70

53.30

-61.57%Share-based Compensation

$45.30

48.60

50.80

61.40

62.60

77.40

93.80

113.30

26.70

28.90

13.99%8.24%Adjustments to Reconcile Net Income

$264.60

132.10

283.00

559.50

-474.50

378.70

548.00

487.80

0.80

49.30

9.13%6062.50%Net Cash (Operating)

$1136.90

1176.40

1344.40

1271.40

1436.70

961.10

1303.20

1353.60

174.40

256.70

2.52%47.19%Capital Expenditure

$320.10

1671.20

2927.40

4056.40

116.10

2620.10

108.60

203.60

24.80

1748.20

-6.26%6949.19%Net Cash (Investing)

$-310.80

-1669.70

-1966.60

-4054.60

-148.40

-2615.60

-102.50

-195.40

-24.80

-1737.40

-6905.65%Increase/Decrease in Debt

$3353.30

683.50

-366.10

2952.70

-2131.00

753.60

-723.90

389.20

-159.30

309.60

-26.48%294.35%Increase/Decrease in Equity

1337.40

-442.90

-272.90

Dividends Paid

$48.40

97.20

131.50

162.80

163.40

132.20

99.50

102.00

24.70

28.10

11.24%13.77%Net Cash (Financing)

$3.80

599.70

879.10

2802.90

-696.10

652.00

-1273.00

32.30

-187.10

306.90

35.76%264.03%Effect of Exchange Rate

$-26.70

52.50

-40.60

7.10

27.40

-3.00

-37.80

-10.90

1.10

-10.40

-1045.45%Increase/Decrease in Cash

$803.20

158.90

216.30

26.80

619.60

-1005.50

-110.10

1179.60

-36.40

-1184.20

5.64%-3153.30%Cash (Beginning)

803.20

962.10

1178.40

1205.20

1824.80

819.30

709.20

1888.80

166.33%Cash (Ending)

$803.20

962.10

1178.40

1205.20

1824.80

819.30

709.20

1888.80

672.80

704.60

12.99%4.73%NOPAT

$908.01

1102.00

1353.35

832.90

559.26

736.86

853.67

990.67

202.79

267.85

1.25%32.08%Gross Margin %

48.73%

49.56%

51.47%

50.28%

56.29%

57.23%

57.73%

59.26%

58.07%

59.31%

Operating Margin %

20.02%

20.36%

18.26%

13.72%

11.64%

15.47%

16.95%

18.69%

16.46%

19.82%

NOPAT Margin %

14.59%

16.56%

20.97%

11.38%

12.07%

14.02%

14.65%

16.33%

13.88%

17.57%

Net Margin %

14.01%

15.69%

44.62%

9.15%

33.32%

10.92%

12.96%

14.27%

11.88%

13.60%

Tax Rate %

27.13%

18.67%

-14.85%

17.05%

-3.68%

9.34%

13.54%

12.62%

15.65%

11.37%

ROA

11.09%

10.49%

4.78%

3.48%

4.48%

5.37%

5.86%

1.28%

1.53%

ROE

33.74%

28.94%

20.47%

11.26%

6.23%

7.74%

8.81%

9.59%

2.05%

2.56%

ROIC

14.85%

13.56%

13.44%

5.84%

4.75%

5.16%

6.29%

7.44%

1.54%

1.82%

Asset Turnover

0.76

0.63

0.50

0.42

0.29

0.32

0.37

0.36

0.09

Inventory Turnover

5.86

5.78

5.45

5.68

4.45

4.38

4.59

4.60

1.07

Equity Multiplier

3.04

2.76

1.95

2.36

1.79

1.73

1.64

1.60

1.67

Current Ratio

1.70

1.83

1.45

1.06

1.55

0.68

0.91

2.05

0.93

1.50

Quick Ratio

1.19

1.31

1.08

0.75

1.31

0.47

0.61

1.59

0.61

0.96

Debt/Equity Ratio

1.25

1.07

0.52

0.88

0.47

0.42

0.34

0.35

0.31

0.38

Working Capital/Sales

0.14

0.16

0.14

0.18

0.11

0.13

0.11

0.10

0.20

0.21

R&D/Sales

0.06

0.07

Dividend Payout Ratio %

5.33%

8.82%

9.72%

19.55%

29.22%

17.94%

11.66%

10.30%

12.18%

10.49%

Total Payout

$-3304.90

-586.30

-839.80

-2789.90

2294.40

-621.40

1266.30

-14.30

184.00

-281.50

-252.99%Payout Ratio %

-363.97%

-53.20%

-62.05%

-334.96%

410.26%

-84.33%

148.34%

-1.44%

90.74%

-105.10%