Fortive Corporation (FTV) Financial Statements (2024 and earlier)

Company Profile

Business Address 6920 SEAWAY BLVD.
EVERETT, WA 98203
State of Incorp. DE
Fiscal Year End December 31
Industry (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7098192,9441,2051,178962
Cash and cash equivalents7098191,8251,2051,178962
Short-term investments   1,119   
Receivables9599308101,3851,1951,144
Inventory, net of allowances, customer advances and progress billings537513456640575581
Inventory537513456640575581
Contract with customer, asset, after allowance for credit loss82715679 
Disposal group, including discontinued operation   30330 
Other undisclosed current assets191182151377193251
Total current assets:2,4772,5154,4473,6893,1712,937
Noncurrent Assets
Operating lease, right-of-use asset  176189207
Property, plant and equipment422396422520576713
Intangible assets, net (including goodwill)12,53613,04210,65012,2448,6096,375
Goodwill9,0499,1527,3598,3996,1335,099
Intangible assets, net (excluding goodwill)3,4873,8903,2913,8452,4761,276
Other noncurrent assets456337344780549477
Total noncurrent assets:13,41413,95111,60513,7509,7347,564
TOTAL ASSETS:15,89116,46616,05217,43912,90610,501
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7271,5191,3811,9121,7061,602
Accounts payable623558481766707728
Accrued liabilities1,1049619001,147999875
Debt1,0002,1521,4001,555456 
Disposal group, including discontinued operation   33 31 
Other undisclosed current liabilities  4547   
Total current liabilities:2,7273,7152,8613,4672,1921,602
Noncurrent Liabilities
Long-term debt and lease obligation2,2521,9472,9854,9872,9754,056
Long-term debt, excluding current maturities2,2521,8072,8304,8282,9754,056
Liabilities, other than long-term debt1,2231,2861,2331,5841,1261,034
Other liabilities1,2231,2861,2331,5841,1261,034
Operating lease, liability  140154159
Total noncurrent liabilities:3,4753,2344,2186,5724,1015,090
Total liabilities:6,2026,9497,07910,0396,2936,692
Equity
Equity, attributable to parent9,6839,5128,9647,3876,5963,790
Common stock443334
Treasury stock, value(443)     
Additional paid in capital3,7063,6703,5553,3113,1262,444
Accumulated other comprehensive loss(326)(185)(141)(56)(87)(8)
Retained earnings6,7426,0245,5474,1293,5531,350
Equity, attributable to noncontrolling interest559131718
Total equity:9,6899,5178,9737,4006,6133,808
TOTAL LIABILITIES AND EQUITY:15,89116,46616,05217,43912,90610,501

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,8265,2554,6347,3206,4536,656
Revenue, net6,656
Cost of revenue
(Cost of Goods and Services Sold)
(2,462)(2,248)(2,026)(3,640)(3,131)(3,358)
Gross profit:3,3633,0072,6093,6803,3213,299
Operating expenses(2,358)(2,194)(2,069)(2,676)(2,143)(1,944)
Other undisclosed operating loss(18)     
Operating income:9878135391,0041,1781,355
Nonoperating expense
(Other Nonoperating expense)
(16)(14)(2)(6)(3)(86)
Interest and debt expense(98)(208)(149)(164)(97) 
Income from continuing operations before equity method investments, income taxes:8745913898341,0781,269
Other undisclosed income from continuing operations before income taxes  871,11941 15
Income from continuing operations before income taxes:8746781,5088751,0781,284
Income tax expense(118)(63)(56)(149)(160)(240)
Income from continuing operations:7556141,4527259181,045
Income before gain (loss) on sale of properties:6081,6137392,9141,045
Income (loss) from discontinued operations  (6)161141,996 
Net income attributable to parent:7556081,6137392,9141,045
Preferred stock dividends and other adjustments  (35)(69)(69)(35) 
Net income available to common stockholders, basic:7555741,5446702,8791,045
Interest on convertible debt 2     
Dilutive securities, effect on basic earnings per share   69   
Net income available to common stockholders, diluted:7575741,6136702,8791,045

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:7556081,6137392,9141,045
Other comprehensive income (loss)(141)(44)5130(124)138
Comprehensive income, net of tax, attributable to parent:6155651,6647692,7901,183

Statements Sources

The financial statements are based on the Company's filings with 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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