RTO FY 2017 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.3B	—	$2.9B	—	11.3%
Op. Income	$425M	—	$347M	—	22.6%
Gross Margin	80.3%	—	82.7%	—	-2.3pp
Net Margin	28.3%	—	7.7%	—	20.6pp
EPS (Diluted)	$2.49	—	$0.62	—	302.2%
Free Cash Flow	$277M	—	$236M	—	17.4%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$640M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$14M
Operating Expenses	$1.6B
Cost & Expenses	$2.2B
OPERATING INCOME	$425M
Interest Income	$56M
Interest Expense	$47M
Other Income/Expenses	$537M
INCOME BEFORE TAX	$962M
Income Tax Expense	$41M
Net Income from Continuing Ops	$921M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$921M
Net Income Deductions	-$269.7K
BOTTOM LINE NET INCOME	$921M
D&A	$268M
EBIT	$425M
EBITDA	$678M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$640M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$14M
Operating Expenses	$1.6B
Cost & Expenses	$2.2B
OPERATING INCOME	$425M
Interest Income	$56M
Interest Expense	$47M
Other Income/Expenses	$537M
INCOME BEFORE TAX	$962M
Income Tax Expense	$41M
Net Income from Continuing Ops	$921M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$921M
Net Income Deductions	-$269.7K
BOTTOM LINE NET INCOME	$921M
D&A	$268M
EBIT	$425M
EBITDA	$678M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$921M
Depreciation & Amortization	$253M
Stock-Based Compensation	$2M
Deferred Income Tax	$63M
Other Non-Cash Items	-$599M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$512M
Capital Expenditure	-$235M
Acquisitions (Net)	$237M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	-$104M
Common Stock Repurchased	$0
Common Dividends Paid	-$87M
Other Financing Activities	-$32M
NET CASH FROM FINANCING	-$222M
FREE CASH FLOW	$277M
Net Change in Cash	$267M

Balance Sheet

Item	Amount
Cash & Equivalents	$418M
Short-Term Investments	$674.1K
Net Receivables	$505M
Inventory	$114M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$526M
Goodwill	$1.3B
Intangible Assets	$317M
Long-Term Investments	$376M
Tax Assets	$5M
Other Non-Current Assets	-$5M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$4.2B
Account Payables	$205M
Short-Term Debt	$92M
Deferred Revenue	-$92M
Other Current Liabilities	$416M
TOTAL CURRENT LIABILITIES	$962M
Long-Term Debt	$1.5B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$147M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.9B
Common Stock	$25M
Additional Paid-In Capital	$9M
Retained Earnings	$3.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.5B
Other Equity	-$5.0B
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$404.5K
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$1.7B
Net Debt	$1.2B