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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 SoftwareNetwork Software & SystemsMeasurement &Analytical SolutionsProcess TechnologiesCorporateTotal
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 assets577.6 243.9 346.9 172.3 15.4 1,356.1 
Intangible assets, net13,498.4 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 expenditures18.0 6.0 6.4 1.4 1.1 32.9 
Capitalized software expenditures26.3 3.4 — — — 29.7 
Depreciation and other amortization421.0 171.8 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 profit468.7 413.9 463.3 115.3 (187.7)1,273.5 
Assets:    
Operating assets526.6 217.3 328.6 148.9 3.9 1,225.3 
Intangible assets, net13,844.6 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 expenditures12.9 6.2 7.9 1.1 0.2 28.3 
Capitalized software expenditures16.3 1.4 — — — 17.7 
Depreciation and other amortization296.9 171.9 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 profit405.4 389.1 491.4 211.4 (169.0)1,328.3 
Assets:    
Operating assets382.2 206.0 332.9 181.4 4.3 1,106.8 
Intangible assets, net7,833.6 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 expenditures17.4 6.1 17.1 2.2 0.2 43.0 
Capitalized software expenditures9.7 0.5 — — — 10.2 
Depreciation and other amortization230.2 127.1 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 StatesNon-U.S.EliminationsTotal
2021    
Sales to unaffiliated customers$4,630.8 $1,147.0 $— $5,777.8 
Sales between geographic areas122.7 126.4 (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 areas122.8 162.1 (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 areas123.0 139.0 (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 SoftwareNetwork Software & SystemsMeasurement &Analytical SolutionsProcess TechnologiesTotal
2021     
Canada$51.2 $86.7 $69.5 $16.8 $224.2 
Europe248.2 71.1 284.9 84.4 688.6 
Asia3.7 13.6 135.1 85.2 237.6 
Rest of the world37.1 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 
Europe205.5 60.2 250.7 87.2 603.6 
Asia3.3 13.1 116.0 74.0 206.4 
Rest of the world37.7 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 
Europe188.8 35.7 299.7 101.1 625.3 
Asia3.5 12.4 177.6 87.1 280.6 
Rest of the world34.4 8.2 55.4 97.8 195.8 
Total$267.7 $126.4 $613.4 $308.2 $1,315.7