RBA FY 2012 Earnings Report — RB Global, Inc. Revenue & Financial Results | Market Cap Arena

RB Global, Inc.RBA

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$438M	—	$396M	—	10.6%
Op. Income	$119M	—	$104M	—	14.9%
Gross Margin	88.7%	—	87.9%	—	0.8pp
Net Margin	18.2%	—	19.3%	—	-1.2pp
EPS (Diluted)	$0.74	—	$0.72	—	2.8%
Free Cash Flow	$72M	—	$64M	—	11.9%

Revenue Flow

Item	Amount
REVENUE	$438M
Cost of Revenue	$50M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$227M
SG&A Expenses	$227M
Other Expenses	$161M
Operating Expenses	$388M
Cost & Expenses	$438M
OPERATING INCOME	$119M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$112M
Income Tax Expense	$32M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$41M
EBIT	$119M
EBITDA	$160M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$438M
Cost of Revenue	$50M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$227M
SG&A Expenses	$227M
Other Expenses	$161M
Operating Expenses	$388M
Cost & Expenses	$438M
OPERATING INCOME	$119M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$112M
Income Tax Expense	$32M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$41M
EBIT	$119M
EBITDA	$160M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$41M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	-$31M
Change in Working Capital	$38M
OPERATING CASH FLOW	$134M
Capital Expenditure	-$62M
Acquisitions (Net)	-$56M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$111M
Net Debt Issuance	$91M
Common Stock Repurchased	$0
Common Dividends Paid	-$50M
Other Financing Activities	$412.2K
NET CASH FROM FINANCING	$43M
FREE CASH FLOW	$72M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$178M
Short-Term Investments	$0
Net Receivables	$46M
Inventory	$61M
Other Current Assets	$60M
TOTAL CURRENT ASSETS	$346M
PP&E (Net)	$634M
Goodwill	$84M
Intangible Assets	$48M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	-$765M
TOTAL NON-CURRENT ASSETS	$765M
TOTAL ASSETS	$1.1B
Account Payables	$121M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$128M
TOTAL CURRENT LIABILITIES	$250M
Long-Term Debt	$201M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$226M
TOTAL LIABILITIES	$476M
Common Stock	$119M
Additional Paid-In Capital	$27M
Retained Earnings	$510M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$657M
Minority Interest	-$267.0K
TOTAL EQUITY	$657M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$240M
Net Debt	$62M