Fortive Corporation (FTV) financial statements (2020 and earlier)

Company profile

Business Address 6920 SEAWAY BLVD.
EVERETT, WA 98203
State of Incorp. DE
Fiscal Year End December 31
SIC 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2051,178962803
Cash and cash equivalents1,2051,178962803
Receivables1,3851,1951,144945
Inventory, net of allowances, customer advances and progress billings640575581545
Inventory640575581545
Contract with customer, asset79 
Disposal group, including discontinued operation330  
Other undisclosed current assets377193251196
Total current assets:3,6893,1712,9372,489
Noncurrent Assets
Operating lease, right-of-use asset207
Property, plant and equipment520576713548
Intangible assets, net (including goodwill)12,2448,6096,3754,726
Goodwill8,3996,1335,0993,979
Intangible assets, net (excluding goodwill)3,8452,4761,276747
Other noncurrent assets780549477427
Total noncurrent assets:13,7509,7347,5645,701
TOTAL ASSETS:17,43912,90610,5018,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9121,7061,6021,467
Accounts payable766707728666
Accrued liabilities1,147999875800
Debt1,555456  
Disposal group, including discontinued operation 31  
Total current liabilities:3,4672,1921,6021,467
Noncurrent Liabilities
Long-term debt and lease obligation4,9872,9754,0563,358
Long-term debt, excluding current maturities4,8282,9754,0563,358
Operating lease, liability159
Liabilities, other than long-term debt1,5841,1261,034674
Other liabilities1,5841,1261,034674
Total noncurrent liabilities:6,5724,1015,0904,032
Total liabilities:10,0396,2936,6925,499
Stockholders' equity
Stockholders' equity attributable to parent7,3876,5963,7902,688
Common stock3344
Additional paid in capital3,3113,1262,4442,427
Accumulated other comprehensive loss(56)(87)(8)(146)
Retained earnings4,1293,5531,350403
Stockholders' equity attributable to noncontrolling interest1317183
Total stockholders' equity:7,4006,6133,8082,691
TOTAL LIABILITIES AND EQUITY:17,43912,90610,5018,190

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,3206,4536,6566,224
Revenue, net6,6566,224
Cost of revenue
(Cost of Goods and Services Sold)
(3,640)(3,131)(3,358)(3,192)
Gross profit:3,6803,3213,2993,033
Operating expenses(2,676)(2,143)(1,944)(1,787)
Operating income:1,0041,1781,3551,246
Nonoperating expense
(Other Nonoperating expense)
(6)(3)(86) 
Interest and debt expense(164)(97) (49)
Income from continuing operations before equity method investments, income taxes:8341,0781,2691,197
Other undisclosed income from continuing operations before income taxes41 15 
Income from continuing operations before income taxes:8751,0781,2841,197
Income tax expense(149)(160)(240)(325)
Income from continuing operations:7259181,045872
Income from discontinued operations141,996  
Net income attributable to parent:7392,9141,045872
Preferred stock dividends and other adjustments(69)(35)  
Net income available to common stockholders, diluted:6702,8791,045872

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:7392,9141,045872
Other comprehensive income (loss)30(124)138(131)
Comprehensive income, net of tax, attributable to parent:7692,7901,183741

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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