|
|
Fiscal 2019
|
|
|
|
Diluted EPS |
|
$7.58 - $7.78 |
Non-operating pension and postretirement benefit credit |
|
(0.09) |
Tax effect of non-operating pension and postretirement benefit credit |
|
0.01 |
Change in fair value of investments1 |
|
1.18 |
Tax effect of change in fair value of investments |
|
(0.18) |
Adjusted EPS |
|
$8.50 - $8.70 |
|
|
|
Effective tax rate |
|
~ 18.5 % |
Tax effect of non-operating pension and postretirement benefit credit |
|
~ — % |
Tax effect of change in fair value of investments1 |
|
~ — % |
Adjusted Effective Tax Rate |
|
~ 18.5 % |
1The actual year-to-date adjustments, which are based on PTC's share price at June 30, 2019, are used for guidance, as estimates of these adjustments on a forward-looking basis are not available due to variability, complexity and limited visibility of these items.
ROCKWELL AUTOMATION, INC.
OTHER SUPPLEMENTAL INFORMATION
(in millions, except percentages)
Free Cash Flow
Our definition of free cash flow, which is a non-GAAP financial measure, takes into consideration capital investments required to maintain the operations of our businesses and execute our strategy. In our opinion, free cash flow provides useful information to investors regarding our ability to generate cash from business operations that is available for acquisitions and other investments, service of debt principal, dividends and share repurchases. We use free cash flow, as defined, as one measure to monitor and evaluate our performance, including as a financial measure for our annual incentive compensation. Our definition of free cash flow may be different from definitions used by other companies.
The following table summarizes free cash flow by quarter:
|
Quarter Ended |
||||||||||||||||||||||||||||||
|
Sep. 30,
|
|
Dec. 31,
|
|
Mar. 31,
|
|
Jun. 30,
|
|
Sep. 30,
|
|
Dec. 31,
|
|
Mar. 31,
|
|
Jun. 30,
|
||||||||||||||||
Cash provided by operating activities |
$ |
106.9 |
|
|
$ |
212.7 |
|
|
$ |
381.4 |
|
|
$ |
343.1 |
|
|
$ |
362.8 |
|
|
$ |
212.0 |
|
|
$ |
143.8 |
|
|
$ |
351.2 |
|
| Capital expenditures |
(44.2 |
) |
|
(34.1 |
) |
|
(22.1 |
) |
|
(22.4 |
) |
|
(46.9 |
) |
|
(42.0 |
) |
|
(38.9 |
) |
|
(27.8 |
) |
||||||||
| Free cash flow |
$ |
62.7 |
|
|
$ |
178.6 |
|
|
$ |
359.3 |
|
|
$ |
320.7 |
|
|
$ |
315.9 |
|
|
$ |
170.0 |
|
|
$ |
104.9 |
|
|
$ |
323.4 |
|
