RBA FY 2007 Earnings Report — RB Global, Inc. Revenue & Financial Results | Market Cap Arena

RB Global, Inc.RBA

FY 2007 Earnings

Reported February 21, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$314M	—	$221M	—	41.9%
Op. Income	$102M	—	$73M	—	40.2%
Gross Margin	85.1%	—	84.3%	—	0.8pp
Net Margin	24.4%	—	22.2%	—	2.2pp
EPS (Diluted)	$0.72	—	$0.55	—	30.9%
Free Cash Flow	-$12M	—	$12M	—	-197.3%

Revenue Flow

Item	Amount
REVENUE	$314M
Cost of Revenue	$47M
GROSS PROFIT	$267M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$20M
Operating Expenses	$165M
Cost & Expenses	$212M
OPERATING INCOME	$102M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$113M
Income Tax Expense	$36M
Net Income from Continuing Ops	$77M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$20M
EBIT	$102M
EBITDA	$121M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$314M
Cost of Revenue	$47M
GROSS PROFIT	$267M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$20M
Operating Expenses	$165M
Cost & Expenses	$212M
OPERATING INCOME	$102M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$113M
Income Tax Expense	$36M
Net Income from Continuing Ops	$77M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$20M
EBIT	$102M
EBITDA	$121M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$77M
Depreciation & Amortization	$20M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	-$1M
Change in Working Capital	$5M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$114M
Acquisitions (Net)	-$601.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	-$749.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$351.5K
NET CASH FROM FINANCING	-$28M
FREE CASH FLOW	-$12M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$150M
Short-Term Investments	$0
Net Receivables	$74M
Inventory	$6M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$237M
PP&E (Net)	$390M
Goodwill	$43M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$436M
TOTAL ASSETS	$673M
Account Payables	$98M
Short-Term Debt	$241.0K
Deferred Revenue	$0
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$179M
Long-Term Debt	$45M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$385.0K
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$237M
Common Stock	$0
Additional Paid-In Capital	$103M
Retained Earnings	$292M
Treasury Stock	$0
Accum. Other Comp. Income	$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$435M
Minority Interest	$385.0K
TOTAL EQUITY	$436M
TOTAL LIABILITIES & EQUITY	$673M
Total Debt	$45M
Net Debt	-$105M