RTO Q2 2017 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

Q2 2017 Earnings

Reported June 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.3B	—	25.0%
Op. Income	$214M	—	$139M	—	54.8%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	47.0%	—	6.6%	—	40.4pp
EPS (Diluted)	$2.09	—	$0.24	—	761.1%
Free Cash Flow	$112M	—	$95M	—	18.0%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$0
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$837M
Cost & Expenses	$837M
OPERATING INCOME	$214M
Interest Income	$28M
Interest Expense	$0
Other Income/Expenses	$586M
INCOME BEFORE TAX	$800M
Income Tax Expense	$18M
Net Income from Continuing Ops	$783M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$783M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$783M
D&A	$125M
EBIT	$214M
EBITDA	$339M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$0
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$837M
Cost & Expenses	$837M
OPERATING INCOME	$214M
Interest Income	$28M
Interest Expense	$0
Other Income/Expenses	$586M
INCOME BEFORE TAX	$800M
Income Tax Expense	$18M
Net Income from Continuing Ops	$783M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$783M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$783M
D&A	$125M
EBIT	$214M
EBITDA	$339M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$783M
Depreciation & Amortization	$125M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$589M
Change in Working Capital	-$62M
OPERATING CASH FLOW	$256M
Capital Expenditure	-$145M
Acquisitions (Net)	-$279M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$529M
NET CASH FROM INVESTING	$105M
Net Debt Issuance	$278M
Common Stock Repurchased	$0
Common Dividends Paid	-$59M
Other Financing Activities	-$50M
NET CASH FROM FINANCING	$169M
FREE CASH FLOW	$112M
Net Change in Cash	$525M

Balance Sheet

Item	Amount
Cash & Equivalents	$674M
Short-Term Investments	$4M
Net Receivables	$624M
Inventory	$120M
Other Current Assets	$61M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$516M
Goodwill	$0
Intangible Assets	$1.6B
Long-Term Investments	$372M
Tax Assets	$2M
Other Non-Current Assets	-$2M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$4.4B
Account Payables	$586M
Short-Term Debt	$507M
Deferred Revenue	-$524M
Other Current Liabilities	$148M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.5B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$129M
Other Non-Current Liabilities	-$36M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.2B
Common Stock	$25M
Additional Paid-In Capital	$9M
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.5B
Other Equity	-$4.9B
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$270.0K
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$2.1B
Net Debt	$1.4B