RTO FY 2020 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.6B	—	4.2%
Op. Income	$396M	—	$343M	—	15.4%
Gross Margin	23.4%	—	21.6%	—	1.8pp
Net Margin	6.7%	—	10.6%	—	-3.9pp
EPS (Diluted)	$0.67	—	$1.01	—	-33.3%
Free Cash Flow	$516M	—	$435M	—	18.7%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$880M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$475M
Other Expenses	$0
Operating Expenses	$475M
Cost & Expenses	$3.4B
OPERATING INCOME	$396M
Interest Income	$8M
Interest Expense	$54M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$310M
Income Tax Expense	$59M
Net Income from Continuing Ops	$251M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$251M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$251M
D&A	$289M
EBIT	$409M
EBITDA	$697M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$880M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$475M
Other Expenses	$0
Operating Expenses	$475M
Cost & Expenses	$3.4B
OPERATING INCOME	$396M
Interest Income	$8M
Interest Expense	$54M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$310M
Income Tax Expense	$59M
Net Income from Continuing Ops	$251M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$251M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$251M
D&A	$289M
EBIT	$409M
EBITDA	$697M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$251M
Depreciation & Amortization	$419M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	$66M
OPERATING CASH FLOW	$721M
Capital Expenditure	-$206M
Acquisitions (Net)	-$251M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$213M
NET CASH FROM INVESTING	-$670M
Net Debt Issuance	$341M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$32M
NET CASH FROM FINANCING	$309M
FREE CASH FLOW	$516M
Net Change in Cash	$373M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$232M
Net Receivables	$680M
Inventory	$177M
Other Current Assets	$70M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$836M
Goodwill	$2.2B
Intangible Assets	$2.6B
Long-Term Investments	$104M
Tax Assets	$51M
Other Non-Current Assets	-$2.1B
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$7.5B
Account Payables	$138M
Short-Term Debt	$2.1B
Deferred Revenue	$215M
Other Current Liabilities	$534M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$128M
Other Non-Current Liabilities	$237M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$6.0B
Common Stock	$25M
Additional Paid-In Capital	$9M
Retained Earnings	$4.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$1M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$7.5B
Total Debt	$4.2B
Net Debt	$1.6B