Page 3 - AMETEK 2018 Annual Report FINAL

Financial Highlights

($ in millions, except per share amounts)
Year Ended December 31 2018 2017 2016 2015* 2014*
Net sales $ 4,845.9 $ 4,300.2 $ 3,840.1 $ 3,974.3 $ 4,022.0
Operating income $ 1,075.5 $ 925.4 $ 830.4 $ 944.3 $ 917.5
Net income $ 766.1 $ 606.0 $ 537.7 $ 615.5 $ 598.4
Diluted earnings per share $ 3.29 $ 2.61 $ 2.30 $ 2.55 $ 2.42
Dividends declared and paid per share $ 0.56 $ 0.36 $ 0.36 $ 0.36 $ 0.33
Operating income margin 22.2% 21.5% 21.6% 23.8% 22.8%
EBITDA $ 1,267.7 $ 1,076.0 $ 966.0 $ 1,046.9 $ 1,022.6
Free cash flow $ 843.4 $ 758.2 $ 693.5 $ 603.4 $ 654.7
Capital expenditures $ 82.1 $ 75.1 $ 63.3 $ 69.1 $ 71.3

At December 31
Total debt $ 2,632.7 $ 2,174.3 $ 2,341.6 $ 1,938.0 $ 1,709.0
Net debt $ 2,278.7 $ 1,528.0 $ 1,624.3 $ 1,557.0 $ 1,331.4
Total debt/EBITDA 2.1x 2.0x 2.4x 1.9x 1.7x
Stockholders’ equity $ 4,241.9 $ 4,027.6 $ 3,256.5 $ 3,254.6 $ 3,239.6
Shares outstanding (in millions) 227.1 231.1 229.4 235.5 241.3
Number of employees 18,100 16,900 15,700 15,450 15,400
Note: This table includes non-GAAP (generally accepted accounting principles) results. Please visit the Investors section of www.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.

$4,846 $3.29

$4,300
$4,022 $3,974 $3,840 $2.61
$3,594 $2.42 $2.55
$3,334 $2.30
$2,990 $1.88 $2.10

$2,471 $1.58
$2,098
$1.18

$0.85

09 10 11 12 13 14 15 16 17 18 09 10 11 12 13 14 15 16 17 18
Net Sales Diluted Earnings

(In millions) Per Share
10% 16%

CAGR CAGR

CAGR — Compound Annual Growth Rate
Financial Highlights 1

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