RBA FY 2010 Earnings Report — RB Global, Inc. Revenue & Financial Results | Market Cap Arena

RB Global, Inc.RBA

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$357M	—	$377M	—	-5.3%
Op. Income	$92M	—	$127M	—	-28.1%
Gross Margin	86.8%	—	86.8%	—	0.1pp
Net Margin	18.4%	—	24.8%	—	-6.4pp
EPS (Diluted)	$0.62	—	$0.88	—	-29.5%
Free Cash Flow	-$22M	—	-$19M	—	-16.7%

Revenue Flow

Item	Amount
REVENUE	$357M
Cost of Revenue	$47M
GROSS PROFIT	$310M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$181M
SG&A Expenses	$181M
Other Expenses	$38M
Operating Expenses	$219M
Cost & Expenses	$266M
OPERATING INCOME	$92M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$90M
Income Tax Expense	$25M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$38M
EBIT	$96M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$357M
Cost of Revenue	$47M
GROSS PROFIT	$310M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$181M
SG&A Expenses	$181M
Other Expenses	$38M
Operating Expenses	$219M
Cost & Expenses	$266M
OPERATING INCOME	$92M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$90M
Income Tax Expense	$25M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$38M
EBIT	$96M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$38M
Stock-Based Compensation	$3M
Deferred Income Tax	$3M
Other Non-Cash Items	-$33M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$62M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$43M
Other Financing Activities	$240.0K
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	-$22M
Net Change in Cash	-$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$75M
Inventory	$27M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$183M
PP&E (Net)	$627M
Goodwill	$46M
Intangible Assets	$0
Long-Term Investments	$10M
Tax Assets	$5M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$690M
TOTAL ASSETS	$873M
Account Payables	$35M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$100M
TOTAL CURRENT LIABILITIES	$137M
Long-Term Debt	$136M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$156M
TOTAL LIABILITIES	$293M
Common Stock	$104M
Additional Paid-In Capital	$125M
Retained Earnings	$450M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	-$106M
TOTAL STOCKHOLDERS' EQUITY	$578M
Minority Interest	$0
TOTAL EQUITY	$578M
TOTAL LIABILITIES & EQUITY	$873M
Total Debt	$137M
Net Debt	$69M