Page 3 - 2019 AMETEK Annual Report FINAL

Financial Highlights 1

Financial Highlights

($ in millions, except per share amounts)
Year Ended December 31 2019 2018 2017 2016 2015*
Net sales $ 5,158.6 $ 4,845.9 $ 4,300.2 $ 3,840.1 $ 3,974.3
Operating income $ 1,177.4 $ 1,075.5 $ 925.4 $ 830.4 $ 944.3
Net income $ 861.3 $ 766.1 $ 606.0 $ 537.7 $ 615.5
Diluted earnings per share $ 4.19 $ 3.66 $ 2.90 $ 2.59 $ 2.77
Dividends declared and paid per share $ 0.56 $ 0.56 $ 0.36 $ 0.36 $ 0.36
Operating income margin 22.8% 22.2% 21.5% 21.6% 23.8%
EBITDA $ 1,388.3 $ 1,267.7 $ 1,076.0 $ 966.0 $ 1,046.9
Free cash flow $ 1,012.1 $ 843.4 $ 758.2 $ 693.5 $ 603.4
Capital expenditures $ 102.3 $ 82.1 $ 75.1 $ 63.3 $ 69.1

At December 31
Total debt $ 2,768.7 $ 2,632.7 $ 2,174.3 $ 2,341.6 $ 1,938.0
Net debt $ 2,375.7 $ 2,278.7 $ 1,528.0 $ 1,624.3 $ 1,557.0
Total debt/EBITDA 2.0x 2.1x 2.0x 2.4x 1.9x
Stockholders’ equity $ 5,115.5 $ 4,241.9 $ 4,027.6 $ 3,256.5 $ 3,254.6
Shares outstanding (in millions) 229.1 227.1 231.1 229.4 235.5
Number of employees 18,100 18,100 16,900 15,700 15,450
Note: This table and other financial measures in this report include non-GAAP (generally accepted accounting principles) results. Please visit the Investors section of ametek.com for
a reconciliation of GAAP to non-GAAP results.
* Amounts do not reflect the adoption of ASU 2017-07 related to presentation of pension costs.

$5,159 $4.19

$5,000 $4.00

$4,000 $3.20

$2,471 $3,000 $2.40
10% 16%
CAGR $1.25 CAGR
$2,000 $1.60

$1,000 $0.80

10 11 12 13 14 15 16 17 18 19 10 11 12 13 14 15 16 17 18 19
Net Sales Diluted Earnings
(In millions) Per Share

CAGR — Compound Annual Growth Rate