2In the three months ended June 30, 2019, Other income (expense) included a $25.6 million loss due to the change in value of our investment in PTC and in the nine months ended June 30, 2019, Other income (expense) included a $173.8 million loss due to the change in value of our investment in PTC and a $33.7 million gain due to the reversal of valuation adjustments related to the registration of PTC securities.
3In the nine months ended June 30, 2019, income tax provision included the tax effects on the PTC adjustments. In the three months ended June 30, 2018, income tax provision included income of $7.5 million and in the nine months ended June 30, 2018, income tax provision included charges of $389.5 million, associated with the enactment of the Tax Act.
ROCKWELL AUTOMATION, INC. CONDENSED BALANCE SHEET INFORMATION (in millions) |
||||||||
|
|
June 30,
|
|
September 30,
|
||||
Assets |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
788.8 |
|
|
$ |
618.8 |
|
Short-term investments |
|
124.6 |
|
|
290.9 |
|
||
Receivables |
|
1,222.6 |
|
|
1,190.1 |
|
||
Inventories |
|
656.3 |
|
|
581.6 |
|
||
Property, net |
|
556.5 |
|
|
576.8 |
|
||
Goodwill and intangibles |
|
1,282.2 |
|
|
1,290.7 |
|
||
Long-term investments |
|
1,057.9 |
|
|
1,288.0 |
|
||
Other assets |
|
469.9 |
|
|
425.1 |
|
||
Total |
|
$ |
6,158.8 |
|
|
$ |
6,262.0 |
|
Liabilities and Shareowners’ Equity |
|
|
|
|
||||
| Short-term debt |
|
$ |
299.4 |
|
|
$ |
551.0 |
|
| Accounts payable |
|
629.9 |
|
|
713.4 |
|
||
| Long-term debt |
|
1,941.1 |
|
|
1,225.2 |
|
||
| Other liabilities |
|
2,131.9 |
|
|
2,154.9 |
|
||
| Shareowners’ equity |
|
1,156.5 |
|
|
1,617.5 |
|
||
| Total |
|
$ |
6,158.8 |
|
|
$ |
6,262.0 |
|
| ROCKWELL AUTOMATION, INC. CONDENSED CASH FLOW INFORMATION (in millions) |
||||||||
|
|
|
Nine Months Ended
|
||||||
|
|
|
2019 |
|
2018 |
||||
| Operating activities: |
|
|
|
|
||||
| Net income |
|
$ |
687.7 |
|
|
$ |
189.6 |
|
| Depreciation and amortization |
|
112.2 |
|
|
124.9 |
|
||
| Change in fair value of investments 1 |
|
140.1 |
|
|
76.8 |
|
||
| Retirement benefits expense |
|
51.6 |
|
|
84.9 |
|
||
| Pension contributions |
|
(22.0 |
) |
|
(43.2 |
) |
||
| Settlement of treasury locks 2 |
|
(35.7 |
) |
|
— |
|
||
| Receivables/inventories/payables |
|
(149.6 |
) |
|
(45.1 |
) |
||
| Contract liabilities |
|
26.5 |
|
|
22.5 |
|
||
| Compensation and benefits |
|
(73.7 |
) |
|
(8.3 |
) |
||
| Income taxes |
|
(66.3 |
) |
|
495.2 |
|
||
| Other |
|
36.2 |
|
|
39.9 |
|
||
| Cash provided by operating activities |
|
707.0 |
|
|
937.2 |
|
||
| Investing activities: |
|
|
|
|
||||
| Capital expenditures |
|
(108.7 |
) |
|
(78.6 |
) |
||
| Acquisition of businesses, net of cash acquired |
|
(20.7 |
) |
|
(9.9 |
) |
||
| Purchases of investments |
|
(3.3 |
) |
|
(296.9 |
) |
||
| Proceeds from maturities and sales of investments |
|
258.7 |
|
|
946.8 |
|
||
| Proceeds from sale of property |
|
3.3 |
|
|
0.5 |
|
||
| Cash provided by investing activities |
|
129.3 |
|
|
561.9 |
|
||
| Financing activities: |
|
|
|
|
||||
| Net repayment of short-term debt |
|
(550.4 |
) |
|
(349.7 |
) |
||
| Issuance of long-term debt, net of discount and issuance costs |
|
987.6 |
|
|
— |
|
||
| Repayment of long-term debt |
|
— |
|
|
(250.0 |
) |
||
| Cash dividends |
|
(346.9 |
) |
|
(328.3 |
) |
||
| Purchases of treasury stock |
|
(787.4 |
) |
|
(1,082.2 |
) |
||
| Proceeds from the exercise of stock options |
|
36.5 |
|
|
67.9 |
|
||
| Other financing activities |
|
— |
|
|
1.8 |
|
||
| Cash used for financing activities |
|
(660.6 |
) |
|
(1,940.5 |
) |
||
| Effect of exchange rate changes on cash |
|
(5.7 |
) |
|
(29.4 |
) |
||
| Increase (decrease) in cash and cash equivalents |
|
$ |
170.0 |
|
|
$ |
(470.8 |
) |
