Segment and Geographic Area Information

Roper's operations are reported in four segments around common customers, markets, sales channels, technologies and common cost opportunities. The segments are: RF Technology, Medical & Scientific Imaging, Industrial Technology and Energy Systems & Controls. The RF Technology segment provides comprehensive application management software, software-as-a-service applications and products and systems that utilize RFID communication technology. The Medical & Scientific Imaging segment offers medical products and software and high performance digital imaging products and software. Products included within the Industrial Technology segment are water and fluid handling pumps, flow measurement and metering equipment, industrial valves and controls, materials analysis equipment and consumables and industrial leak testing. The Energy Systems & Controls segment's products include control systems, equipment and consumables for fluid properties testing, vibration sensors and other non-destructive inspection and measurement products and services. Roper's management structure and internal reporting are aligned consistently with these four segments.

There were no material transactions between Roper's business segments during 2017, 2016 and 2015. Sales between geographic areas are primarily of finished products and are accounted for at prices intended to represent third-party prices. Operating profit by business segment and by geographic area is defined as net revenues less operating costs and expenses. These costs and expenses do not include unallocated corporate administrative expenses. Items below income from operations on Roper's statement of earnings are not allocated to business segments.

Identifiable assets are those assets used primarily in the operations of each business segment or geographic area. Corporate assets are principally comprised of cash and cash equivalents, deferred tax assets, recoverable insurance claims, deferred compensation assets and property and equipment.

Selected financial information by business segment for 2017, 2016 and 2015 follows (in thousands):



	RF Technology		Medical & Scientific Imaging		Industrial Technology		Energy Systems & Controls		Corporate			Total
2017
Net revenues	$	1,862,126	$	1,410,349	$	783,707	$	551,289	$	—		$	4,607,471
Operating profit	479,295		486,575		235,018		151,163		(141,807		)	1,210,244
Assets:
Operating assets	518,423		309,235		195,413		175,775		7,399			1,206,245
Intangible assets, net	6,660,898		4,590,768		499,490		544,375		—			12,295,531
Other	192,041		131,078		76,193		196,528		218,797			814,637
Total												14,316,413
Capital expenditures	20,079		18,791		5,707		3,155		1,020			48,752
Capitalized software expenditures	9,989		792		3		—		—			10,784
Depreciation and other amortization	191,876		118,643		17,109		16,747		590			344,965
2016
Net revenues	$	1,210,264	$	1,362,813	$	706,625	$	510,223	$	—		$	3,789,925
Operating profit	372,467		477,548		202,451		129,602		(127,505		)	1,054,563
Assets:
Operating assets	487,936		282,437		182,430		164,349		11,788			1,128,940
Intangible assets, net	6,634,964		4,660,298		493,924		513,799		—			12,302,985
Other	156,413		154,838		88,130		134,976		358,645			893,002
Total												14,324,927
Capital expenditures	11,536		16,098		6,590		2,218		863			37,305
Capitalized software expenditures	6		2,749		15		31		—			2,801
Depreciation and other amortization	82,653		119,248		18,573		19,701		278			240,453
2015
Net revenues	$	1,033,951	$	1,215,318	$	745,381	$	587,745	$	—		$	3,582,395
Operating profit	312,112		441,931		214,538		162,128		(102,791		)	1,027,918
Assets:
Operating assets	293,004		265,520		182,544		194,898		9,080			945,046
Intangible assets, net	2,848,911		4,451,028		513,155		540,628		—			8,353,722
Other	117,596		121,461		67,832		113,014		449,694			869,597
Total												10,168,365
Capital expenditures	10,758		12,642		9,179		3,276		405			36,260
Capitalized software expenditures	—		2,368		48		23		—			2,439
Depreciation and other amortization	56,877		105,928		19,912		21,254		290			204,261

Summarized data for Roper's U.S. and foreign operations (principally in Canada, Europe and Asia) for 2017, 2016 and 2015, based upon the country of origin of the Roper entity making the sale, was as follows (in thousands):



	United States		Non-U.S.		Eliminations			Total
2017
Sales to unaffiliated customers	$	3,679,133	$	928,338	$	—		$	4,607,471
Sales between geographic areas	133,193		187,765		(320,958		)	—
Net revenues	$	3,812,326	$	1,116,103	$	(320,958	)	$	4,607,471
Long-lived assets	$	144,013	$	31,431	$	—		$	175,444
2016
Sales to unaffiliated customers	$	2,978,496	$	811,429	$	—		$	3,789,925
Sales between geographic areas	137,276		109,370		(246,646		)	—
Net revenues	$	3,115,772	$	920,799	$	(246,646	)	$	3,789,925
Long-lived assets	$	145,996	$	21,020	$	—		$	167,016
2015
Sales to unaffiliated customers	$	2,829,752	$	752,643	$	—		$	3,582,395
Sales between geographic areas	135,363		119,006		(254,369		)	—
Net revenues	$	2,965,115	$	871,649	$	(254,369	)	$	3,582,395
Long-lived assets	$	133,522	$	21,960	$	—		$	155,482

Export sales from the U.S. during the years ended December 31, 2017, 2016 and 2015 were $513 million, $460 million and $481 million, respectively. In the year ended December 31, 2017, these exports were shipped primarily to Asia (34%), Europe (21%), Canada (17%), Middle East (16%) and other (12%).

Sales to customers outside the U.S. accounted for a significant portion of Roper's revenues. Sales are attributed to geographic areas based upon the location where the product is ultimately shipped. Roper's net revenues for the years ended December 31, 2017, 2016 and 2015 are shown below by region, except for Canada, which is presented separately as it is the only country in which Roper has had greater than 4% of total revenues for any of the three years presented (in thousands):



	RF Technology		Medical & Scientific Imaging		Industrial Technology		Energy Systems & Controls		Total
2017
Canada	$	73,356	$	23,501	$	64,079	$	26,171	$	187,107
Europe	140,348		244,031		92,427		119,434		596,240
Asia	10,180		119,150		58,286		137,693		325,309
Middle East	61,356		11,051		4,833		35,238		112,478
Rest of the world	26,243		22,708		21,485		49,592		120,028
Total	$	311,483	$	420,441	$	241,110	$	368,128	$	1,341,162
2016
Canada	$	52,703	$	21,993	$	60,551	$	22,360	$	157,607
Europe	71,673		228,058		89,229		119,032		507,992
Asia	11,988		111,843		52,087		126,769		302,687
Middle East	50,605		10,107		2,997		37,491		101,200
Rest of the world	17,067		21,549		20,675		46,202		105,493
Total	$	204,036	$	393,550	$	225,539	$	351,854	$	1,174,979
2015
Canada	$	45,506	$	23,737	$	65,826	$	23,883	$	158,952
Europe	57,581		167,698		97,938		129,021		452,238
Asia	10,019		112,732		60,817		132,088		315,656
Middle East	54,165		15,877		4,220		50,227		124,489
Rest of the world	10,761		20,417		24,471		55,074		110,723
Total	$	178,032	$	340,461	$	253,272	$	390,293	$	1,162,058