RTO FY 2019 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.3B	—	8.2%
Op. Income	$343M	—	$382M	—	-10.0%
Gross Margin	21.6%	—	79.2%	—	-57.6pp
Net Margin	10.6%	—	-4.0%	—	14.6pp
EPS (Diluted)	$1.01	—	$-0.36	—	377.8%
Free Cash Flow	$435M	—	$292M	—	49.0%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.8B
GROSS PROFIT	$778M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$435M
Cost & Expenses	$3.3B
OPERATING INCOME	$343M
Interest Income	$13M
Interest Expense	$73M
Other Income/Expenses	$78M
INCOME BEFORE TAX	$436M
Income Tax Expense	$74M
Net Income from Continuing Ops	$383M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$383M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$383M
D&A	$439M
EBIT	$530M
EBITDA	$783M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.8B
GROSS PROFIT	$778M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$435M
Cost & Expenses	$3.3B
OPERATING INCOME	$343M
Interest Income	$13M
Interest Expense	$73M
Other Income/Expenses	$78M
INCOME BEFORE TAX	$436M
Income Tax Expense	$74M
Net Income from Continuing Ops	$383M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$383M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$383M
D&A	$439M
EBIT	$530M
EBITDA	$783M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$382M
Depreciation & Amortization	$439M
Stock-Based Compensation	$4M
Deferred Income Tax	-$911M
Other Non-Cash Items	$766M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$665M
Capital Expenditure	-$230M
Acquisitions (Net)	$107M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$123M
Net Debt Issuance	-$52M
Common Stock Repurchased	$0
Common Dividends Paid	-$116M
Other Financing Activities	-$131M
NET CASH FROM FINANCING	-$298M
FREE CASH FLOW	$435M
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$2M
Net Receivables	$586M
Inventory	$144M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$826M
Goodwill	$1.8B
Intangible Assets	$2.3B
Long-Term Investments	$68M
Tax Assets	$40M
Other Non-Current Assets	-$1.7B
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$5.7B
Account Payables	$155M
Short-Term Debt	$1.3B
Deferred Revenue	$195M
Other Current Liabilities	$261M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$149M
Other Non-Current Liabilities	$218M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$4.4B
Common Stock	$25M
Additional Paid-In Capital	$9M
Retained Earnings	$3.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$809.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$3.0B
Net Debt	$1.4B