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Segment and Geographic Area Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment and Geographic Area Information | Segment and Geographic Area Information Our operations are reported in four segments based upon business models and capital deployment strategy and objectives. The segments are: Application Software, Network Software & Systems, Measurement & Analytical Solutions and Process Technologies. The four reportable segments (and businesses within each; including changes due to acquisitions and divestitures) are as follows: –Application Software - Aderant, CBORD, CliniSys, Data Innovations, Deltek, Horizon, IntelliTrans, PowerPlan, Strata, Sunquest, Vertafore –Network Software & Systems - ConstructConnect, DAT, Foundry, Inovonics, iPipeline, iTradeNetwork, Link Logistics, MHA, RF IDeas, SHP, SoftWriters, TransCore –Measurement & Analytical Solutions (1) - Alpha, CIVCO Medical Solutions, CIVCO Radiotherapy, Dynisco, FMI, Hansen, Hardy, IPA, Logitech, Neptune, Northern Digital, Struers, Technolog, Uson, Verathon –Process Technologies - AMOT, CCC, Cornell, FTI, Metrix, PAC, Roper Pump, Viatran, Zetec (1) The Measurement & Analytical Solutions segment includes the results of the divestitures completed in 2019 through the transaction date for (i) the Imaging businesses, sold to Teledyne on February 5, 2019 and (ii) Gatan sold to AMETEK on October 29, 2019. There were no material transactions between Roper’s reportable segments during 2020, 2019 and 2018. Sales between geographic areas are primarily of finished products and are accounted for at prices intended to represent third-party prices. Operating profit by reportable 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 Consolidated Statements of Earnings are not allocated to reportable segments. Operating assets are those assets used primarily in the operations of each reportable 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 reportable segment for 2020, 2019 and 2018 follows:
| Application Software |  | Network Software & Systems |  | Measurement &Analytical Solutions |  | Process Technologies |  | Corporate |  | Total
2020 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,799.9 |  |  | $ | 1,738.6 |  |  | $ | 1,469.9 |  |  | $ | 518.7 |  |  | $ | — |  |  | $ | 5,527.1 |
Operating profit | 468.7 |  |  | 549.8 |  |  | 473.5 |  |  | 131.6 |  |  | (192.5) |  |  | 1,431.1 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 526.6 |  |  | 520.2 |  |  | 340.4 |  |  | 171.5 |  |  | 3.9 |  |  | 1,562.6 |
Intangible assets, net | 13,844.6 |  |  | 5,987.0 |  |  | 1,414.4 |  |  | 356.1 |  |  | — |  |  | 21,602.1 |
Other | 173.1 |  |  | 65.1 |  |  | 108.2 |  |  | 71.6 |  |  | 442.1 |  |  | 860.1 |
Total |  |  |  |  |  |  |  |  |  |  | 24,024.8 |
Capital expenditures | 12.9 |  |  | 8.9 |  |  | 8.0 |  |  | 1.2 |  |  | 0.2 |  |  | 31.2 |
Capitalized software expenditures | 16.3 |  |  | 1.4 |  |  | — |  |  | — |  |  | — |  |  | 17.7 |
Depreciation and other amortization | 296.9 |  |  | 178.5 |  |  | 34.7 |  |  | 10.4 |  |  | 0.3 |  |  | 520.8 |
2019 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,588.0 |  |  | $ | 1,529.5 |  |  | $ | 1,596.4 |  |  | $ | 652.9 |  |  | $ | — |  |  | $ | 5,366.8 |
Operating profit | 405.4 |  |  | 538.5 |  |  | 501.1 |  |  | 225.8 |  |  | (172.4) |  |  | 1,498.4 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 382.2 |  |  | 472.0 |  |  | 347.0 |  |  | 205.7 |  |  | 4.4 |  |  | 1,411.3 |
Intangible assets, net | 7,833.6 |  |  | 5,871.8 |  |  | 1,420.0 |  |  | 357.7 |  |  | — |  |  | 15,483.1 |
Other | 168.5 |  |  | 62.5 |  |  | 120.4 |  |  | 69.0 |  |  | 794.1 |  |  | 1,214.5 |
Total |  |  |  |  |  |  |  |  |  |  | 18,108.9 |
Capital expenditures | 17.4 |  |  | 15.1 |  |  | 17.3 |  |  | 2.7 |  |  | 0.2 |  |  | 52.7 |
Capitalized software expenditures | 9.7 |  |  | 0.5 |  |  | — |  |  | — |  |  | — |  |  | 10.2 |
Depreciation and other amortization | 230.2 |  |  | 132.9 |  |  | 40.3 |  |  | 12.0 |  |  | 0.6 |  |  | 416.0 |
2018 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,452.7 |  |  | $ | 1,345.2 |  |  | $ | 1,705.6 |  |  | $ | 687.7 |  |  | $ | — |  |  | $ | 5,191.2 |
Operating profit | 358.0 |  |  | 484.4 |  |  | 523.9 |  |  | 233.6 |  |  | (203.5) |  |  | 1,396.4 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 392.6 |  |  | 338.3 |  |  | 336.2 |  |  | 196.4 |  |  | 6.1 |  |  | 1,269.6 |
Intangible assets, net | 7,799.9 |  |  | 3,582.0 |  |  | 1,444.5 |  |  | 362.5 |  |  | — |  |  | 13,188.9 |
Other 1 | 163.6 |  |  | 38.4 |  |  | 391.2 |  |  | 94.5 |  |  | 103.3 |  |  | 791.0 |
Total |  |  |  |  |  |  |  |  |  |  | 15,249.5 |
Capital expenditures | 19.0 |  |  | 8.3 |  |  | 15.4 |  |  | 6.3 |  |  | 0.1 |  |  | 49.1 |
Capitalized software expenditures | 9.1 |  |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 9.5 |
Depreciation and other amortization | 212.8 |  |  | 98.1 |  |  | 42.6 |  |  | 12.7 |  |  | 0.8 |  |  | 367.0 |
1 Includes Operating assets of $91.8 and Intangible assets, net of $159.4 associated with the Gatan business and Imaging businesses classified as held for sale on December 31, 2018. Summarized data for Roper’s U.S. and foreign operations (principally in Canada, Europe and Asia) for 2020, 2019 and 2018, based upon the country of origin of the Roper entity making the sale, was as follows:
| United States |  | Non-U.S. |  | Eliminations |  | Total
2020 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 4,496.8 |  |  | $ | 1,030.3 |  |  | $ | — |  |  | $ | 5,527.1 |
Sales between geographic areas | 125.0 |  |  | 162.8 |  |  | (287.8) |  |  | — |
Net revenues | $ | 4,621.8 |  |  | $ | 1,193.1 |  |  | $ | (287.8) |  |  | $ | 5,527.1 |
Long-lived assets | $ | 191.0 |  |  | $ | 33.0 |  |  | $ | — |  |  | $ | 224.0 |
2019 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 4,342.6 |  |  | $ | 1,024.2 |  |  | $ | — |  |  | $ | 5,366.8 |
Sales between geographic areas | 124.9 |  |  | 139.3 |  |  | (264.2) |  |  | — |
Net revenues | $ | 4,467.5 |  |  | $ | 1,163.5 |  |  | $ | (264.2) |  |  | $ | 5,366.8 |
Long-lived assets | $ | 164.6 |  |  | $ | 33.2 |  |  | $ | — |  |  | $ | 197.8 |
2018 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 4,176.2 |  |  | $ | 1,015.0 |  |  | $ | — |  |  | $ | 5,191.2 |
Sales between geographic areas | 143.9 |  |  | 137.0 |  |  | (280.9) |  |  | — |
Net revenues | $ | 4,320.1 |  |  | $ | 1,152.0 |  |  | $ | (280.9) |  |  | $ | 5,191.2 |
Long-lived assets 1 | $ | 145.2 |  |  | $ | 30.0 |  |  | $ | — |  |  | $ | 175.2 |
1 Excludes Long-lived assets of $7.6 associated with the Gatan business and Imaging businesses classified as held for sale on December 31, 2018. Export sales from the U.S. during the years ended December 31, 2020, 2019 and 2018 were $401.8, $531.8 and $578.0, respectively. In the year ended December 31, 2020, these exports were shipped primarily to Asia (26%), Canada (25%), Europe (18%), Middle East (18%) and other (13%). 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, 2020, 2019 and 2018 are shown below by region, except for Canada, which is presented separately:
| Application Software |  | Network Software & Systems |  | Measurement &Analytical Solutions |  | Process Technologies |  | Total
2020 |  |  |  |  |  |  |  |  |
Canada | $ | 43.4 |  |  | $ | 76.2 |  |  | $ | 71.9 |  |  | $ | 24.8 |  |  | $ | 216.3 |
Europe | 205.5 |  |  | 61.3 |  |  | 257.0 |  |  | 101.8 |  |  | 625.6 |
Asia | 3.3 |  |  | 19.6 |  |  | 124.1 |  |  | 90.8 |  |  | 237.8 |
Middle East | 6.6 |  |  | 39.8 |  |  | 18.5 |  |  | 35.8 |  |  | 100.7 |
Rest of the world | 31.1 |  |  | 11.6 |  |  | 43.1 |  |  | 38.4 |  |  | 124.2 |
Total | $ | 289.9 |  |  | $ | 208.5 |  |  | $ | 514.6 |  |  | $ | 291.6 |  |  | $ | 1,304.6 |
2019 |  |  |  |  |  |  |  |  |
Canada | $ | 41.0 |  |  | $ | 71.1 |  |  | $ | 81.4 |  |  | $ | 28.9 |  |  | $ | 222.4 |
Europe | 188.8 |  |  | 36.7 |  |  | 307.2 |  |  | 113.8 |  |  | 646.5 |
Asia | 3.5 |  |  | 18.8 |  |  | 185.0 |  |  | 108.0 |  |  | 315.3 |
Middle East | 8.6 |  |  | 37.5 |  |  | 13.1 |  |  | 44.4 |  |  | 103.6 |
Rest of the world | 25.8 |  |  | 9.5 |  |  | 45.3 |  |  | 55.2 |  |  | 135.8 |
Total | $ | 267.7 |  |  | $ | 173.6 |  |  | $ | 632.0 |  |  | $ | 350.3 |  |  | $ | 1,423.6 |
2018 |  |  |  |  |  |  |  |  |
Canada | $ | 38.5 |  |  | $ | 58.5 |  |  | $ | 79.3 |  |  | $ | 35.0 |  |  | $ | 211.3 |
Europe | 188.6 |  |  | 12.2 |  |  | 361.7 |  |  | 117.5 |  |  | 680.0 |
Asia | 3.2 |  |  | 11.0 |  |  | 220.3 |  |  | 115.4 |  |  | 349.9 |
Middle East | 4.7 |  |  | 48.6 |  |  | 14.4 |  |  | 34.4 |  |  | 102.1 |
Rest of the world | 29.5 |  |  | 7.8 |  |  | 42.5 |  |  | 55.0 |  |  | 134.8 |
Total | $ | 264.5 |  |  | $ | 138.1 |  |  | $ | 718.2 |  |  | $ | 357.3 |  |  | $ | 1,478.1 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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