RTO FY 2016 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.4B	—	23.3%
Op. Income	$347M	—	$293M	—	18.7%
Gross Margin	82.7%	—	82.4%	—	0.3pp
Net Margin	7.7%	—	7.1%	—	0.7pp
EPS (Diluted)	$0.62	—	$0.46	—	35.3%
Free Cash Flow	$236M	—	$217M	—	8.8%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$508M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$93M
Operating Expenses	$2.1B
Cost & Expenses	$2.6B
OPERATING INCOME	$347M
Interest Income	$53M
Interest Expense	$52M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$281M
Income Tax Expense	$55M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	-$405.0K
BOTTOM LINE NET INCOME	$227M
D&A	$330M
EBIT	$347M
EBITDA	$660M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$508M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$93M
Operating Expenses	$2.1B
Cost & Expenses	$2.6B
OPERATING INCOME	$347M
Interest Income	$53M
Interest Expense	$52M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$281M
Income Tax Expense	$55M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	-$405.0K
BOTTOM LINE NET INCOME	$227M
D&A	$330M
EBIT	$347M
EBITDA	$660M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$227M
Depreciation & Amortization	$313M
Stock-Based Compensation	$1M
Deferred Income Tax	$50M
Other Non-Cash Items	-$1M
Change in Working Capital	-$52M
OPERATING CASH FLOW	$488M
Capital Expenditure	-$251M
Acquisitions (Net)	-$139M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$404M
Net Debt Issuance	-$95M
Common Stock Repurchased	$0
Common Dividends Paid	-$75M
Other Financing Activities	$80M
NET CASH FROM FINANCING	-$90M
FREE CASH FLOW	$236M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$216M
Short-Term Investments	$13M
Net Receivables	$427M
Inventory	$108M
Other Current Assets	$302M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$562M
Goodwill	$994M
Intangible Assets	$339M
Long-Term Investments	$24M
Tax Assets	$3M
Other Non-Current Assets	-$3M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.4B
Account Payables	$162M
Short-Term Debt	$84M
Deferred Revenue	-$104M
Other Current Liabilities	$261M
TOTAL CURRENT LIABILITIES	$918M
Long-Term Debt	$1.7B
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$152M
Other Non-Current Liabilities	-$233M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.9B
Common Stock	$25M
Additional Paid-In Capital	$9M
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.4B
Other Equity	-$4.8B
TOTAL STOCKHOLDERS' EQUITY	$487M
Minority Interest	$135.0K
TOTAL EQUITY	$487M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.8B
Net Debt	$1.6B