XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment and Geographic Area Information | 12 Months Ended
--- | ---
Dec. 31, 2021
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 –Measurement & Analytical Solutions (1) - Alpha, CIVCO Medical Solutions, Dynisco, FMI, Hansen, Hardy, IPA, Logitech, Neptune, Northern Digital, Struers, Technolog, Uson, Verathon –Process Technologies- AMOT, CCC, Cornell, FTI, Metrix, PAC, Roper Pump, Viatran (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 2021, 2020 and 2019. 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 or non-cash impairments. 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 2021, 2020 and 2019 follows:
| Application Software |  | Network Software & Systems |  | Measurement &Analytical Solutions |  | Process Technologies |  | Corporate |  | Total
2021 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 2,380.6 |  |  | $ | 1,338.4 |  |  | $ | 1,559.6 |  |  | $ | 499.2 |  |  | $ | — |  |  | $ | 5,777.8 |
Operating profit 1 | 635.9 |  |  | 511.6 |  |  | 482.6 |  |  | 152.9 |  |  | (203.3) |  |  | 1,579.7 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 577.6 |  |  | 243.9 |  |  | 346.9 |  |  | 172.3 |  |  | 15.4 |  |  | 1,356.1 |
Intangible assets, net | 13,498.4 |  |  | 5,551.2 |  |  | 1,356.7 |  |  | 276.7 |  |  | — |  |  | 20,683.0 |
Other | 205.7 |  |  | 50.4 |  |  | 100.9 |  |  | 81.9 |  |  | 447.3 |  |  | 886.2 |
Total 2 |  |  |  |  |  |  |  |  |  |  | 22,925.3 |
Capital expenditures | 18.0 |  |  | 6.0 |  |  | 6.4 |  |  | 1.4 |  |  | 1.1 |  |  | 32.9 |
Capitalized software expenditures | 26.3 |  |  | 3.4 |  |  | — |  |  | — |  |  | — |  |  | 29.7 |
Depreciation and other amortization | 421.0 |  |  | 171.8 |  |  | 33.3 |  |  | 7.7 |  |  | 0.3 |  |  | 634.1 |
2020 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,799.9 |  |  | $ | 1,173.7 |  |  | $ | 1,425.6 |  |  | $ | 455.0 |  |  | $ | — |  |  | $ | 4,854.2 |
Operating profit | 468.7 |  |  | 413.9 |  |  | 463.3 |  |  | 115.3 |  |  | (187.7) |  |  | 1,273.5 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 526.6 |  |  | 217.3 |  |  | 328.6 |  |  | 148.9 |  |  | 3.9 |  |  | 1,225.3 |
Intangible assets, net | 13,844.6 |  |  | 5,621.6 |  |  | 1,383.9 |  |  | 284.1 |  |  | — |  |  | 21,134.2 |
Other | 173.1 |  |  | 48.4 |  |  | 107.6 |  |  | 67.3 |  |  | 423.1 |  |  | 819.5 |
Total 2 |  |  |  |  |  |  |  |  |  |  | 23,179.0 |
Capital expenditures | 12.9 |  |  | 6.2 |  |  | 7.9 |  |  | 1.1 |  |  | 0.2 |  |  | 28.3 |
Capitalized software expenditures | 16.3 |  |  | 1.4 |  |  | — |  |  | — |  |  | — |  |  | 17.7 |
Depreciation and other amortization | 296.9 |  |  | 171.9 |  |  | 34.1 |  |  | 9.6 |  |  | 0.4 |  |  | 512.9 |
2019 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 1,588.0 |  |  | $ | 1,004.2 |  |  | $ | 1,544.3 |  |  | $ | 591.2 |  |  | $ | — |  |  | $ | 4,727.7 |
Operating profit | 405.4 |  |  | 389.1 |  |  | 491.4 |  |  | 211.4 |  |  | (169.0) |  |  | 1,328.3 |
Assets: |  |  |  |  |  |  |  |  |  |  |
Operating assets | 382.2 |  |  | 206.0 |  |  | 332.9 |  |  | 181.4 |  |  | 4.3 |  |  | 1,106.8 |
Intangible assets, net | 7,833.6 |  |  | 5,505.5 |  |  | 1,390.5 |  |  | 285.6 |  |  | — |  |  | 15,015.2 |
Other | 168.5 |  |  | 48.7 |  |  | 117.9 |  |  | 65.5 |  |  | 773.8 |  |  | 1,174.4 |
Total 2 |  |  |  |  |  |  |  |  |  |  | 17,296.4 |
Capital expenditures | 17.4 |  |  | 6.1 |  |  | 17.1 |  |  | 2.2 |  |  | 0.2 |  |  | 43.0 |
Capitalized software expenditures | 9.7 |  |  | 0.5 |  |  | — |  |  | — |  |  | — |  |  | 10.2 |
Depreciation and other amortization | 230.2 |  |  | 127.1 |  |  | 39.7 |  |  | 11.2 |  |  | 0.6 |  |  | 408.8 |
1 Operating profit excludes $99.5 of non-cash impairment charges. 2 Total excludes assets held for sale of $788.6, $845.8 and $812.5 associated with the TransCore, Zetec and CIVCO Radiotherapy businesses, as applicable, on December 31, 2021, 2020 and 2019, respectively. Summarized data for Roper’s U.S. and foreign operations (principally in Canada, Europe and Asia) for 2021, 2020 and 2019, based upon the country of origin of the Roper entity making the sale, was as follows:
| United States |  | Non-U.S. |  | Eliminations |  | Total
2021 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 4,630.8 |  |  | $ | 1,147.0 |  |  | $ | — |  |  | $ | 5,777.8 |
Sales between geographic areas | 122.7 |  |  | 126.4 |  |  | (249.1) |  |  | — |
Net revenues | $ | 4,753.5 |  |  | $ | 1,273.4 |  |  | $ | (249.1) |  |  | $ | 5,777.8 |
Long-lived assets | $ | 178.5 |  |  | $ | 29.9 |  |  | $ | — |  |  | $ | 208.4 |
2020 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 3,848.5 |  |  | $ | 1,005.7 |  |  | $ | — |  |  | $ | 4,854.2 |
Sales between geographic areas | 122.8 |  |  | 162.1 |  |  | (284.9) |  |  | — |
Net revenues | $ | 3,971.3 |  |  | $ | 1,167.8 |  |  | $ | (284.9) |  |  | $ | 4,854.2 |
Long-lived assets | $ | 171.6 |  |  | $ | 32.7 |  |  | $ | — |  |  | $ | 204.3 |
2019 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 3,730.6 |  |  | $ | 997.1 |  |  | $ | — |  |  | $ | 4,727.7 |
Sales between geographic areas | 123.0 |  |  | 139.0 |  |  | (262.0) |  |  | — |
Net revenues | $ | 3,853.6 |  |  | $ | 1,136.1 |  |  | $ | (262.0) |  |  | $ | 4,727.7 |
Long-lived assets | $ | 141.9 |  |  | $ | 32.8 |  |  | $ | — |  |  | $ | 174.7 |
Export sales from the U.S. during the years ended December 31, 2021, 2020 and 2019 were $336.2, $311.6 and $444.7, respectively. In the year ended December 31, 2021, these exports were shipped primarily to Asia (28%), Canada (28%), Europe (21%) and other (23%). 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, 2021, 2020 and 2019 are shown below by region, except for Canada, which is presented separately:
| Application Software |  | Network Software & Systems |  | Measurement &Analytical Solutions |  | Process Technologies |  | Total
2021 |  |  |  |  |  |  |  |  |
Canada | $ | 51.2 |  |  | $ | 86.7 |  |  | $ | 69.5 |  |  | $ | 16.8 |  |  | $ | 224.2 |
Europe | 248.2 |  |  | 71.1 |  |  | 284.9 |  |  | 84.4 |  |  | 688.6 |
Asia | 3.7 |  |  | 13.6 |  |  | 135.1 |  |  | 85.2 |  |  | 237.6 |
Rest of the world | 37.1 |  |  | 10.5 |  |  | 56.4 |  |  | 87.8 |  |  | 191.8 |
Total | $ | 340.2 |  |  | $ | 181.9 |  |  | $ | 545.9 |  |  | $ | 274.2 |  |  | $ | 1,342.2 |
2020 |  |  |  |  |  |  |  |  |
Canada | $ | 43.4 |  |  | $ | 75.6 |  |  | $ | 71.1 |  |  | $ | 17.2 |  |  | $ | 207.3 |
Europe | 205.5 |  |  | 60.2 |  |  | 250.7 |  |  | 87.2 |  |  | 603.6 |
Asia | 3.3 |  |  | 13.1 |  |  | 116.0 |  |  | 74.0 |  |  | 206.4 |
Rest of the world | 37.7 |  |  | 10.9 |  |  | 58.9 |  |  | 71.8 |  |  | 179.3 |
Total | $ | 289.9 |  |  | $ | 159.8 |  |  | $ | 496.7 |  |  | $ | 250.2 |  |  | $ | 1,196.6 |
2019 |  |  |  |  |  |  |  |  |
Canada | $ | 41.0 |  |  | $ | 70.1 |  |  | $ | 80.7 |  |  | $ | 22.2 |  |  | $ | 214.0 |
Europe | 188.8 |  |  | 35.7 |  |  | 299.7 |  |  | 101.1 |  |  | 625.3 |
Asia | 3.5 |  |  | 12.4 |  |  | 177.6 |  |  | 87.1 |  |  | 280.6 |
Rest of the world | 34.4 |  |  | 8.2 |  |  | 55.4 |  |  | 97.8 |  |  | 195.8 |
Total | $ | 267.7 |  |  | $ | 126.4 |  |  | $ | 613.4 |  |  | $ | 308.2 |  |  | $ | 1,315.7 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration