SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
September 3, 2003
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
ROPER INDUSTRIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
| 1-12273 | 51-0263969 | |
| (COMMISSION FILE NUMBER) | (IRS EMPLOYER IDENTIFICATION NO.) | |
| 2160 SATELLITE BLVD., SUITE 200, DULUTH, GEORGIA | 30097 | |
| (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) | (ZIP CODE) | |
(770) 495-5100
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
160 BEN BURTON ROAD, BOGART, GEORGIA 30622
(FORMER ADDRESS)
ITEM 8. CHANGE IN FISCAL YEAR
On August 20, 2003 the Board of Directors of Roper Industries, Inc. (the “Company”) approved a change in the date of the Company’s fiscal year end from October 31 to December 31. The Company’s report on the transition period occasioned by the change in its fiscal year will be filed on a Form 10-Q.
ITEM 9. REGULATION FD DISCLOSURE
On September 3, 2003, the Company disclosed certain unaudited financial information for its 2001, 2002 and 2003 calendar- year quarters, which information is attached hereto as Exhibit 99.1, and is hereby incorporated by reference herein in its entirety.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On September 3, 2003, the Company disclosed certain unaudited financial information for its 2001, 2002 and 2003 calendar- year quarters, which information is attached hereto as Exhibit 99.1, and is hereby incorporated by reference herein in its entirety.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
| (a) | Financial Statements of Business Acquired | |
| Not Applicable | ||
| (b) | Pro Forma Financial Statements | |
| Not Applicable | ||
| (c) | Exhibits | |
| 99.1 Unaudited financial information for the Company’s 2001, 2002 and 2003 calendar year quarters. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Roper Industries, Inc. | |||||||
| (Registrant) | |||||||
| BY: /s/ Martin S. Headley | |||||||
| Martin S. Headley, Vice President, Chief Financial Officer |
Date: September 3, 2003 | ||||||
Exhibit 99.1
Roper Industries, Inc.
and Subsidiaries
Condensed Consolidated Balance Sheets (unaudited)
Calendar Period Presentation
(Amounts in thousands)
| 2001 |
2002 |
2003 |
||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
|||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||||||||||
| CURRENT ASSETS: | ||||||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 10,550 | $ | 9,963 | $ | 14,217 | $ | 19,471 | $ | 8,691 | $ | 15,769 | $ | 18,887 | $ | 15,270 | $ | 19,543 | $ | 27,204 | ||||||||||||
| Accounts receivable | 98,808 | 99,197 | 114,941 | 111,338 | 116,425 | 119,403 | 126,475 | 117,984 | 117,427 | 114,418 | ||||||||||||||||||||||
| Inventories | 87,093 | 85,968 | 98,914 | 88,759 | 89,192 | 89,260 | 94,876 | 92,681 | 99,714 | 96,481 | ||||||||||||||||||||||
| Other current assets | 7,087 | 9,819 | 12,559 | 23,046 | 23,517 | 26,969 | 22,094 | 19,608 | 18,377 | 19,159 | ||||||||||||||||||||||
| Assets held for sale | 18,425 | 15,923 | 12,995 | 5,668 | 5,777 | 4,513 | 4,203 | 5,113 | 4,253 | 5,431 | ||||||||||||||||||||||
| Total current assets | 221,963 | 220,870 | 253,626 | 248,282 | 243,602 | 255,914 | 266,535 | 250,656 | 259,314 | 262,693 | ||||||||||||||||||||||
| PROPERTY, PLANT AND EQUIPMENT, NET | 46,976 | 45,953 | 50,049 | 50,680 | 48,745 | 48,376 | 51,060 | 50,410 | 50,706 | 50,684 | ||||||||||||||||||||||
| OTHER ASSETS: | ||||||||||||||||||||||||||||||||
| Goodwill, net | 308,078 | 308,241 | 445,415 | 387,819 | 387,902 | 403,206 | 450,669 | 464,664 | 468,831 | 481,838 | ||||||||||||||||||||||
| Other intangible assets, net | 4,444 | 4,406 | 5,481 | 31,304 | 30,655 | 30,838 | 30,850 | 37,253 | 37,175 | 37,995 | ||||||||||||||||||||||
| Other assets | 5,938 | 5,882 | 6,356 | 15,121 | 18,473 | 15,331 | 17,434 | 18,822 | 20,562 | 21,163 | ||||||||||||||||||||||
| Total other assets | 318,460 | 318,529 | 457,252 | 434,244 | 437,030 | 449,375 | 498,953 | 520,739 | 526,568 | 540,996 | ||||||||||||||||||||||
| TOTAL ASSETS | $ | 587,399 | $ | 585,352 | $ | 760,927 | $ | 733,206 | $ | 729,377 | $ | 753,665 | $ | 816,548 | $ | 821,805 | $ | 836,588 | $ | 854,373 | ||||||||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||||||||||
| CURRENT LIABILITIES: | ||||||||||||||||||||||||||||||||
| Accounts payable | $ | 24,176 | $ | 18,445 | $ | 25,592 | $ | 23,836 | $ | 27,124 | $ | 26,684 | $ | 29,274 | $ | 28,380 | $ | 33,558 | $ | 32,332 | ||||||||||||
| Accrued liabilities | 41,916 | 43,640 | 55,233 | 51,103 | 47,389 | 48,700 | 56,378 | 58,177 | 49,768 | 51,311 | ||||||||||||||||||||||
| Liabilities related to assets held for sale | 3,803 | 4,422 | 3,294 | 2,349 | 2,424 | 1,830 | 1,575 | 2,477 | 1,818 | 2,334 | ||||||||||||||||||||||
| Income taxes payable | 8,228 | 5,477 | 8,470 | 7,707 | 12,895 | 9,959 | 5,218 | 7,563 | 10,490 | 10,958 | ||||||||||||||||||||||
| Current portion of long-term debt | 6,385 | 6,317 | 6,105 | 2,214 | 12,971 | 15,557 | 20,488 | 20,917 | 11,691 | 5,346 | ||||||||||||||||||||||
| Total current liabilities | 84,508 | 78,301 | 98,694 | 87,209 | 102,803 | 102,730 | 112,933 | 117,514 | 107,325 | 102,281 | ||||||||||||||||||||||
| NONCURRENT LIABILITIES: | ||||||||||||||||||||||||||||||||
| Long-term debt | 202,113 | 198,645 | 338,237 | 331,783 | 297,617 | 292,668 | 332,828 | 308,684 | 316,804 | 311,787 | ||||||||||||||||||||||
| Other liabilities | 7,950 | 8,008 | 9,141 | 11,277 | 10,509 | 10,680 | 10,312 | 11,879 | 12,471 | 13,205 | ||||||||||||||||||||||
| Total liabilities | 294,571 | 284,954 | 446,072 | 430,269 | 410,929 | 406,078 | 456,073 | 438,077 | 436,600 | 427,273 | ||||||||||||||||||||||
| STOCKHOLDERS' EQUITY: | ||||||||||||||||||||||||||||||||
| Common stock | 319 | 320 | 321 | 323 | 324 | 325 | 326 | 326 | 327 | 328 | ||||||||||||||||||||||
| Additional paid-in capital | 77,440 | 79,265 | 79,603 | 82,853 | 86,064 | 87,922 | 88,154 | 89,264 | 90,498 | 91,954 | ||||||||||||||||||||||
| Retained earnings | 247,631 | 254,513 | 264,762 | 254,669 | 268,745 | 278,911 | 291,553 | 305,848 | 315,898 | 325,817 | ||||||||||||||||||||||
| Accumulated other comprehensive earnings | (7,622 | ) | (8,804 | ) | (4,963 | ) | (10,291 | ) | (12,116 | ) | 4,950 | 4,914 | 12,692 | 17,620 | 33,294 | |||||||||||||||||
| Treasury stock | (24,940 | ) | (24,896 | ) | (24,868 | ) | (24,617 | ) | (24,569 | ) | (24,521 | ) | (24,472 | ) | (24,402 | ) | (24,355 | ) | (24,293 | ) | ||||||||||||
| Total stockholders' equity | 292,828 | 300,398 | 314,855 | 302,937 | 318,448 | 347,587 | 360,475 | 383,728 | 399,988 | 427,100 | ||||||||||||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 587,399 | $ | 585,352 | $ | 760,927 | $ | 733,206 | $ | 729,377 | $ | 753,665 | $ | 816,548 | $ | 821,805 | $ | 836,588 | $ | 854,373 | ||||||||||||
Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings (unaudited)
Calendar Period Presentation
(Amounts in thousands,
except per share data)
| 2001 |
2002 |
2003 |
|||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 |
||||||||||||||||
| Net sales | $151,000 | $ 127,856 | $ 138,811 | $ 160,720 | $ 578,387 | $ 150,276 | $ 145,814 | $ 159,285 | $ 159,068 | $ 614,443 | $ 149,443 | $ 166,055 | |||||||||||||||
| Cost of sales | 67,815 | 60,461 | 63,931 | 71,122 | 263,329 | 70,331 | 66,164 | 73,953 | 74,012 | 284,460 | 70,752 | 80,858 | |||||||||||||||
| Gross profit | 83,185 | 67,395 | 74,880 | 89,598 | 315,058 | 79,945 | 79,650 | 85,332 | 85,056 | 329,983 | 78,691 | 85,197 | |||||||||||||||
| Selling, general and administrative expenses | 49,912 | 49,647 | 51,381 | 59,278 | 210,218 | 52,513 | 53,355 | 57,917 | 56,602 | 220,387 | 55,410 | 62,203 | |||||||||||||||
| Income from operations | 33,273 | 17,748 | 23,499 | 30,320 | 104,840 | 27,432 | 26,295 | 27,415 | 28,454 | 109,596 | 23,281 | 22,994 | |||||||||||||||
| Interest expense | 3,884 | 3,341 | 4,170 | 4,821 | 16,216 | 4,850 | 4,171 | 4,682 | 4,561 | 18,264 | 4,253 | 4,382 | |||||||||||||||
| Euro debt currency exchange loss | 4,093 | 4,093 | |||||||||||||||||||||||||
| Other income/(expense) | 631 | 637 | 566 | 3,018 | 4,852 | 1,586 | 521 | (312 | ) | 798 | 2,593 | (30 | ) | 74 | |||||||||||||
| Earnings from continuing operations before income | |||||||||||||||||||||||||||
| taxes and change in accounting principle | 30,020 | 15,044 | 19,895 | 28,517 | 93,476 | 24,168 | 18,552 | 22,421 | 24,691 | 89,832 | 18,998 | 18,686 | |||||||||||||||
| Income taxes | 10,508 | 5,268 | 6,966 | 9,985 | 32,727 | 7,493 | 5,752 | 6,951 | 7,655 | 27,851 | 5,701 | 5,604 | |||||||||||||||
| Earnings from continuing operations before | |||||||||||||||||||||||||||
| change in accounting principle | 19,512 | 9,776 | 12,929 | 18,532 | 60,749 | 16,675 | 12,800 | 15,470 | 17,036 | 61,981 | 13,297 | 13,082 | |||||||||||||||
| (Loss)/income from discontinued operations, | |||||||||||||||||||||||||||
| net of tax | 228 | (591 | ) | (366 | ) | (340 | ) | (1,069 | ) | (31 | ) | (57 | ) | (242 | ) | (155 | ) | (485 | ) | (500 | ) | (410 | ) | ||||
| Earnings before change in accounting principle | 19,740 | 9,185 | 12,563 | 18,192 | 59,680 | 16,644 | 12,743 | 15,228 | 16,881 | 61,496 | 12,797 | 12,672 | |||||||||||||||
| Goodwill impairment, net of taxes of $11,130 | 25,970 | 25,970 | |||||||||||||||||||||||||
| Net earnings | $ 19,740 | $ 9,185 | $ 12,563 | $ (7,778 | ) | $ 33,710 | $ 16,644 | $ 12,743 | $ 15,228 | $ 16,881 | $ 61,496 | $ 12,797 | $ 12,672 | ||||||||||||||
| Earnings per share: | |||||||||||||||||||||||||||
| Basic: | |||||||||||||||||||||||||||
| Earnings from continuing operations before | |||||||||||||||||||||||||||
| change in accounting principle | $ 0.64 | $ 0.32 | $ 0.42 | $ 0.60 | $ 1.97 | $ 0.53 | $ 0.41 | $ 0.49 | $ 0.54 | $ 1.98 | $ 0.42 | $ 0.42 | |||||||||||||||
| Income/(Loss) from discontinued operations | $ 0.01 | ($ 0.02 | ) | ($ 0.01 | ) | ($ 0.01 | ) | ($ 0.03 | ) | ($ 0.00 | ) | ($ 0.00 | ) | ($ 0.01 | ) | ($ 0.00 | ) | ($ 0.02 | ) | ($ 0.02 | ) | ($ 0.01 | ) | ||||
| Goodwill adjustment effective November 1, 2001 | ( $0.84 | ) | ($ 0.84 | ) | |||||||||||||||||||||||
| Net Earnings | $ 0.64 | $ 0.30 | $ 0.41 | ($ 0.25 | ) | $ 1.09 | $ 0.53 | $ 0.41 | $ 0.49 | $ 0.54 | $ 1.97 | $ 0.41 | $ 0.40 | ||||||||||||||
| Diluted: | |||||||||||||||||||||||||||
| Earnings from continuing operations before | |||||||||||||||||||||||||||
| change in accounting principle | $ 0.62 | $ 0.31 | $ 0.41 | $ 0.59 | $ 1.92 | $ 0.52 | $ 0.40 | $ 0.49 | $ 0.54 | $ 1.95 | $ 0.42 | $ 0.41 | |||||||||||||||
| Income/(Loss) from discontinued operations | $ 0.01 | ($ 0.02 | ) | ($ 0.01 | ) | ($ 0.01 | ) | ($ 0.03 | ) | ($ 0.00 | ) | ($ 0.00 | ) | ($ 0.01 | ) | ($ 0.00 | ) | ($ 0.02 | ) | ($ 0.02 | ) | ($ 0.01 | ) | ||||
| Goodwill adjustment effective November 1, 2001 | ($ 0.82 | ) | ($ 0.82 | ) | |||||||||||||||||||||||
| Net Earnings | $ 0.63 | $ 0.29 | $ 0.40 | ($ 0.25 | ) | $ 1.07 | $ 0.52 | $ 0.40 | $ 0.48 | $ 0.53 | $ 1.93 | $ 0.40 | $ 0.40 | ||||||||||||||
| Weighted average common and common | |||||||||||||||||||||||||||
| equivalent shares outstanding: | |||||||||||||||||||||||||||
| Basic | 30,668 | 30,811 | 30,859 | 30,902 | 30,811 | 31,173 | 31,274 | 31,323 | 31,355 | 31,282 | 31,402 | 31,471 | |||||||||||||||
| Diluted | 31,407 | 31,607 | 31,579 | 31,667 | 31,565 | 32,007 | 31,906 | 31,686 | 31,816 | 31,844 | 31,715 | 31,780 | |||||||||||||||
Roper Industries, Inc. and Subsidiaries
Selected Segment Financial Data (unaudited)
Calendar Period Presentation
(Amounts in thousands)
| 2001 |
2002 |
2003 |
|||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 | ||||||||||||||
| Net sales: | |||||||||||||||||||||||||
| Instrumentation | 31,380 | 26,204 | 31,689 | 47,105 | 136,378 | 43,003 | 41,425 | 44,269 | 44,593 | 173,290 | 42,522 | 43,316 | |||||||||||||
| Industrial Technology | 42,819 | 43,739 | 42,461 | 38,407 | 167,426 | 40,585 | 40,399 | 45,136 | 38,173 | 164,293 | 40,166 | 43,437 | |||||||||||||
| Energy Systems & Controls | 36,432 | 18,525 | 21,069 | 35,701 | 111,727 | 29,159 | 29,143 | 33,367 | 37,052 | 128,721 | 27,755 | 35,884 | |||||||||||||
| Scientific & Industrial Imaging | 40,369 | 39,388 | 43,592 | 39,507 | 162,856 | 37,529 | 34,847 | 36,513 | 39,250 | 148,139 | 39,000 | 43,418 | |||||||||||||
| Total | 151,000 | 127,856 | 138,811 | 160,720 | 578,387 | 150,276 | 145,814 | 159,285 | 159,068 | 614,443 | 149,443 | 166,055 | |||||||||||||
| Gross profit: | |||||||||||||||||||||||||
| Instrumentation | 18,290 | 15,267 | 18,805 | 29,345 | 81,707 | 24,725 | 23,407 | 25,787 | 26,507 | 100,426 | 24,903 | 25,004 | |||||||||||||
| Industrial Technology | 19,788 | 20,673 | 19,807 | 17,901 | 78,169 | 18,330 | 18,802 | 21,163 | 17,438 | 75,733 | 18,589 | 20,061 | |||||||||||||
| Energy Systems & Controls | 23,218 | 11,324 | 12,732 | 22,341 | 69,615 | 17,414 | 19,322 | 19,285 | 20,381 | 76,402 | 14,727 | 17,473 | |||||||||||||
| Scientific & Industrial Imaging | 21,889 | 20,131 | 23,536 | 20,011 | 85,567 | 19,476 | 18,119 | 19,097 | 20,730 | 77,422 | 20,472 | 22,659 | |||||||||||||
| Total | 83,185 | 67,395 | 74,880 | 89,598 | 315,058 | 79,945 | 79,650 | 85,332 | 85,056 | 329,983 | 78,691 | 85,197 | |||||||||||||
| Operating profit: | |||||||||||||||||||||||||
| Instrumentation | 6,602 | 3,265 | 5,597 | 9,447 | 24,911 | 7,731 | 6,451 | 7,714 | 8,574 | 30,470 | 7,608 | 5,234 | |||||||||||||
| Industrial Technology | 9,430 | 9,982 | 9,002 | 7,774 | 36,188 | 9,184 | 9,168 | 10,935 | 8,174 | 37,461 | 8,789 | 9,403 | |||||||||||||
| Energy Systems & Controls | 11,683 | 766 | 3,391 | 11,767 | 27,607 | 6,382 | 8,670 | 7,099 | 9,013 | 31,164 | 3,560 | 5,395 | |||||||||||||
| Scientific & Industrial Imaging | 8,004 | 6,307 | 7,949 | 4,536 | 26,796 | 7,239 | 4,220 | 4,561 | 7,114 | 23,134 | 6,321 | 6,378 | |||||||||||||
| Total | 35,719 | 20,320 | 25,939 | 33,524 | 115,502 | 30,536 | 28,509 | 30,309 | 32,875 | 122,229 | 26,278 | 26,410 | |||||||||||||
| Net Orders: | |||||||||||||||||||||||||
| Instrumentation | 29,342 | 23,771 | 24,657 | 49,526 | 127,296 | 40,108 | 39,257 | 44,260 | 45,914 | 169,539 | 39,928 | 41,858 | |||||||||||||
| Industrial Technology | 45,477 | 42,668 | 42,521 | 41,711 | 172,377 | 42,399 | 40,995 | 37,434 | 37,011 | 157,839 | 43,066 | 44,511 | |||||||||||||
| Energy Systems & Controls | 13,203 | 21,267 | 41,260 | 22,224 | 97,954 | 26,022 | 37,488 | 38,286 | 28,672 | 130,468 | 22,822 | 45,013 | |||||||||||||
| Scientific & Industrial Imaging | 47,317 | 35,139 | 35,595 | 38,037 | 156,088 | 37,015 | 37,188 | 37,646 | 43,909 | 155,758 | 37,759 | 35,211 | |||||||||||||
| Total | 135,339 | 122,845 | 144,033 | 151,498 | 553,715 | 145,544 | 154,928 | 157,626 | 155,506 | 613,604 | 143,575 | 166,593 | |||||||||||||
Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (unaudited)
Calendar Period Presentation
(Amounts in thousands)
| 2001 |
2002 |
2003 |
||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 | |||||||||||||||||||||||||
| Net earnings | $ 19,740 | $ 9,185 | $ 12,563 | $(7,778 | ) | $ 33,710 | $ 16,644 | $ 12,743 | $ 15,228 | $ 16,881 | $ 61,496 | $ 12,797 | $ 12,672 | |||||||||||||||||||||||
| Depreciation | 2,353 | 2,698 | 2,638 | 3,486 | 11,175 | 2,176 | 2,811 | 3,363 | 2,663 | 11,013 | 2,762 | 3,032 | ||||||||||||||||||||||||
| Amortization | 3,987 | 3,999 | 4,148 | 3,003 | 15,137 | 701 | 857 | 958 | 998 | 3,514 | 1,119 | 1,176 | ||||||||||||||||||||||||
| Goodwill transitional impairment, net of tax | 0 | 0 | 0 | 25,970 | 25,970 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Other, net | (1,639 | ) | (4,832 | ) | 12,964 | (418 | ) | 6,075 | (5,808 | ) | (760 | ) | 16,578 | 7,094 | 17,104 | (5,059 | ) | 8,009 | ||||||||||||||||||
| Cash provided by operating activities | 24,441 | 11,050 | 32,313 | 24,263 | 92,067 | 13,713 | 15,651 | 36,127 | 27,636 | 93,127 | 11,619 | 24,889 | ||||||||||||||||||||||||
| Business acquisitions, net of cash acquired | (994 | ) | (7,027 | ) | (159,933 | ) | (8,868 | ) | (176,822 | ) | (1,107 | ) | (294 | ) | (69,051 | ) | (5,654 | ) | (76,106 | ) | (100 | ) | 35 | |||||||||||||
| Capital expenditures | (1,486 | ) | (1,877 | ) | (2,146 | ) | (3,439 | ) | (8,948 | ) | (1,354 | ) | (1,302 | ) | (1,846 | ) | (1,878 | ) | (6,380 | ) | (2,746 | ) | (2,090 | ) | ||||||||||||
| Other, net | (105 | ) | 530 | 596 | (636 | ) | 385 | 699 | (196 | ) | (5,312 | ) | 3,012 | (1,797 | ) | (755 | ) | (761 | ) | |||||||||||||||||
| Cash used by investing activities | (2,585 | ) | (8,374 | ) | (161,483 | ) | (12,943 | ) | (185,385 | ) | (1,762 | ) | (1,792 | ) | (76,209 | ) | (4,520 | ) | (84,283 | ) | (3,601 | ) | (2,816 | ) | ||||||||||||
| Debt borrowings (payments), net | (20,689 | ) | (2,666 | ) | 134,621 | (5,820 | ) | 105,446 | (22,915 | ) | (7,677 | ) | 45,328 | (25,739 | ) | (11,003 | ) | (2,786 | ) | (14,486 | ) | |||||||||||||||
| Dividends | (2,297 | ) | (2,306 | ) | (2,314 | ) | (2,315 | ) | (9,232 | ) | (2,568 | ) | (2,578 | ) | (2,584 | ) | (2,587 | ) | (10,317 | ) | (2,747 | ) | (2,753 | ) | ||||||||||||
| Other, net | 2,197 | 1,870 | 367 | 2,739 | 7,173 | 2,943 | 1,978 | 563 | 914 | 6,398 | 1,204 | 1,371 | ||||||||||||||||||||||||
| Cash used by financing activities | (20,789 | ) | (3,102 | ) | 132,674 | (5,396 | ) | 103,387 | (22,540 | ) | (8,277 | ) | 43,307 | (27,412 | ) | (14,922 | ) | (4,329 | ) | (15,868 | ) | |||||||||||||||
| Effect of exchange rate changes on cash | (432 | ) | (161 | ) | 750 | (670 | ) | (513 | ) | (191 | ) | 1,496 | (107 | ) | 679 | 1,877 | 584 | 1,456 | ||||||||||||||||||
| Net increase in cash and equivalents | 635 | (587 | ) | 4,254 | 5,254 | 9,556 | (10,780 | ) | 7,078 | 3,118 | (3,617 | ) | (4,201 | ) | 4,273 | 7,661 | ||||||||||||||||||||
| Cash and equivalents, beginning of period | 9,915 | 10,550 | 9,963 | 14,217 | 9,915 | 19,471 | 8,691 | 15,769 | 18,887 | 19,471 | 15,270 | 19,543 | ||||||||||||||||||||||||
| Cash and equivalents, end of period | $ 10,550 | $ 9,963 | $ 14,217 | $ 19,471 | $ 19,471 | $ 8,691 | $ 15,769 | $ 18,887 | $ 15,270 | $ 15,270 | $ 19,543 | $ 27,204 | ||||||||||||||||||||||||
Roper Industries, Inc. and Subsidiaries
Supplemental Financial Data (unaudited)
Calendar Period Presentation
(Amounts in thousands)
| 2001 |
2002 |
2003 |
|||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 |
Q3 |
Q4 |
Year |
Q1 |
Q2 | ||||||||||||||
| Gazprom net sales | $23,151 | $5,586 | $9,318 | $18,808 | $56,863 | $18,579 | $9,683 | $15,262 | $8,683 | $52,207 | $1,386 | $8,682 | |||||||||||||
| Restructuring costs | $ 509 | $ 509 | $ 908 | $3,249 | |||||||||||||||||||||