Fortive Corporation (FTV) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9441,2051,178962803
Cash and cash equivalents1,8251,2051,178962803
Short-term investments1,119    
Receivables8101,3851,1951,144945
Inventory, net of allowances, customer advances and progress billings456640575581545
Inventory456640575581545
Contract with customer, asset5679 
Disposal group, including discontinued operation30330  
Other undisclosed current assets151377193251196
Total current assets:4,4473,6893,1712,9372,489
Noncurrent Assets
Operating lease, right-of-use asset189207
Property, plant and equipment422520576713548
Intangible assets, net (including goodwill)10,65012,2448,6096,3754,726
Goodwill7,3598,3996,1335,0993,979
Intangible assets, net (excluding goodwill)3,2913,8452,4761,276747
Other noncurrent assets344780549477427
Total noncurrent assets:11,60513,7509,7347,5645,701
TOTAL ASSETS:16,05217,43912,90610,5018,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3811,9121,7061,6021,467
Accounts payable481766707728666
Accrued liabilities9001,147999875800
Debt1,4001,555456  
Disposal group, including discontinued operation33 31  
Other undisclosed current liabilities47    
Total current liabilities:2,8613,4672,1921,6021,467
Noncurrent Liabilities
Long-term debt and lease obligation2,9854,9872,9754,0563,358
Long-term debt, excluding current maturities2,8304,8282,9754,0563,358
Operating lease, liability154159
Liabilities, other than long-term debt1,2331,5841,1261,034674
Other liabilities1,2331,5841,1261,034674
Total noncurrent liabilities:4,2186,5724,1015,0904,032
Total liabilities:7,07910,0396,2936,6925,499
Stockholders' equity
Stockholders' equity attributable to parent8,9647,3876,5963,7902,688
Common stock33344
Additional paid in capital3,5553,3113,1262,4442,427
Accumulated other comprehensive loss(141)(56)(87)(8)(146)
Retained earnings5,5474,1293,5531,350403
Stockholders' equity attributable to noncontrolling interest91317183
Total stockholders' equity:8,9737,4006,6133,8082,691
TOTAL LIABILITIES AND EQUITY:16,05217,43912,90610,5018,190

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,6347,3206,4536,6566,224
Revenue, net6,6566,224
Cost of revenue
(Cost of Goods and Services Sold)
(2,026)(3,640)(3,131)(3,358)(3,192)
Gross profit:2,6093,6803,3213,2993,033
Operating expenses(2,069)(2,676)(2,143)(1,944)(1,787)
Operating income:5391,0041,1781,3551,246
Nonoperating expense
(Other Nonoperating expense)
(2)(6)(3)(86) 
Interest and debt expense(149)(164)(97) (49)
Income from continuing operations before equity method investments, income taxes:3898341,0781,2691,197
Other undisclosed income from continuing operations before income taxes1,11941 15 
Income from continuing operations before income taxes:1,5088751,0781,2841,197
Income tax expense(56)(149)(160)(240)(325)
Income from continuing operations:1,4527259181,045872
Income from discontinued operations161141,996  
Net income attributable to parent:1,6137392,9141,045872
Preferred stock dividends and other adjustments(69)(69)(35)  
Net income available to common stockholders, basic:1,5446702,8791,045872
Dilutive securities, effect on basic earnings per share69    
Net income available to common stockholders, diluted:1,6136702,8791,045872

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1,6137392,9141,045872
Other comprehensive income (loss)5130(124)138(131)
Comprehensive income, net of tax, attributable to parent:1,6647692,7901,183741

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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