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Segment and Geographic Area Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment and Geographic Area Information Segment and Geographic Area Information
Our businesses are reported in three segments classified based on business model and delivery of performance obligations. The segments are: Application Software, Network Software, and Technology Enabled Products. The three reportable segments are as follows:

–Application Software - Aderant, CBORD, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Strata, Vertafore

–Network Software - ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, SoftWriters

–Technology Enabled Products - CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, Verathon

There were no material transactions between Roper’s reportable segments during 2023, 2022, and 2021. 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 general and administrative expenses, enterprise-wide stock-based compensation, 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, income taxes receivable, deferred tax assets, deferred compensation assets, equity investments, and property and equipment.
Selected financial information by reportable segment for 2023, 2022, and 2021 was as follows:

 Application SoftwareNetwork SoftwareTechnology Enabled ProductsCorporateTotal
2023    
Net revenues$3,186.9 $1,439.4 $1,551.5 $— $6,177.8 
Operating profit820.8 632.4 518.7 (226.7)1,745.2 
Assets:     
Operating assets730.8 235.6 337.5 35.0 1,338.9 
Intangible assets, net19,242.4 5,005.9 1,082.6 — 25,330.9 
Other 377.7 122.3 65.5 932.2 1,497.7 
Total assets    28,167.5 
Capital expenditures20.1 6.4 13.8 27.7 68.0 
Capitalized software expenditures39.5 0.5 — — 40.0 
Depreciation and other amortization563.0 162.5 29.1 0.6 755.2 
2022     
Net revenues$2,639.5 $1,378.5 $1,353.8 $— $5,371.8 
Operating profit714.0 570.6 449.1 (209.2)1,524.5 
Assets:   
Operating assets624.7 224.7 307.4 7.1 1,163.9 
Intangible assets, net17,758.4 5,118.5 1,099.9 — 23,976.8 
Other 340.2 124.2 95.4 1,280.3 1,840.1 
Total assets  26,980.8 
Capital expenditures20.7 8.8 9.2 1.4 40.1 
Capitalized software expenditures28.5 1.7 — — 30.2 
Depreciation and other amortization455.8 164.2 29.8 0.3 650.1 
2021     
Net revenues$2,366.7 $1,223.8 $1,243.3 $— $4,833.8 
Operating profit 2
633.1 476.8 415.6 (189.9)1,335.6 
Assets:   
Operating assets576.0 215.5 250.7 15.4 1,057.6 
Intangible assets, net13,498.4 5,364.8 1,122.2 — 19,985.4 
Other 205.8 50.4 33.8 498.0 788.0 
Total assets 1
    21,831.0 
Capital expenditures18.0 5.0 4.5 1.0 28.5 
Capitalized software expenditures26.3 3.4 — — 29.7 
Depreciation and other amortization418.7 164.8 32.1 0.3 615.9 
1 Total assets excludes assets held for sale of $1,882.9 associated with the 2021 Divestitures and Indicor, as applicable, on December 31, 2021.
2 Operating profit excludes $94.4 of non-cash impairment charges for the year ended December 31, 2021.
Summarized data for Roper’s U.S. and foreign operations (principally in Canada, Europe, and Asia) for 2023, 2022, and 2021, based upon the country of origin of the Roper entity making the sale, was as follows:

 United StatesNon-U.S.EliminationsTotal
2023    
Sales to unaffiliated customers$5,353.6 $824.2 $— $6,177.8 
Sales between geographic areas73.5 79.7 (153.2)— 
Net revenues$5,427.1 $903.9 $(153.2)$6,177.8 
Long-lived assets $251.1 $20.1 $— $271.2 
2022    
Sales to unaffiliated customers$4,610.2 $761.6 $— $5,371.8 
Sales between geographic areas55.5 82.2 (137.7)— 
Net revenues$4,665.7 $843.8 $(137.7)$5,371.8 
Long-lived assets $196.5 $17.1 $— $213.6 
2021    
Sales to unaffiliated customers$4,105.6 $728.2 $— $4,833.8 
Sales between geographic areas81.1 81.9 (163.0)— 
Net revenues$4,186.7 $810.1 $(163.0)$4,833.8 
Long-lived assets$167.3 $19.8 $— $187.1 

Export sales from the U.S. during the years ended December 31, 2023, 2022, and 2021 were $198.1, $191.8, and $179.9, respectively. In the year ended December 31, 2023, these exports were shipped primarily to Canada (46%), Europe (26%), Asia (14%), and other (14%).

Sales to customers outside of 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 delivered. Roper’s net revenues for the years ended December 31, 2023, 2022, and 2021 are shown below by region, except for Canada, which is presented separately:

 Application SoftwareNetwork SoftwareTechnology Enabled ProductsTotal
2023    
Canada$63.7 $99.5 $91.4 $254.6 
Europe260.7 64.2 128.3 453.2 
Asia4.6 14.6 55.9 75.1 
Rest of the world34.6 9.2 46.7 90.5 
Total$363.6 $187.5 $322.3 $873.4 
2022    
Canada$57.8 $95.9 $68.6 $222.3 
Europe241.2 65.7 117.7 424.6 
Asia4.9 12.2 56.2 73.3 
Rest of the world35.1 7.5 43.7 86.3 
Total$339.0 $181.3 $286.2 $806.5 
2021    
Canada$51.2 $85.2 $61.7 $198.1 
Europe248.2 59.2 125.3 432.7 
Asia3.7 10.9 49.4 64.0 
Rest of the world37.1 6.5 37.5 81.1 
Total$340.2 $161.8 $273.9 $775.9