RTO Q4 2019 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

Q4 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	6.9%
Op. Income	$149M	—	$228M	—	-34.4%
Gross Margin	59.0%	—	60.3%	—	-1.3pp
Net Margin	14.1%	—	-14.2%	—	28.3pp
EPS (Diluted)	$0.67	—	$-0.67	—	200.0%
Free Cash Flow	$269M	—	$177M	—	52.1%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$766M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$1.7B
OPERATING INCOME	$149M
Interest Income	$12M
Interest Expense	$42M
Other Income/Expenses	$154M
INCOME BEFORE TAX	$299M
Income Tax Expense	$39M
Net Income from Continuing Ops	$264M
Net Income from Discontinued Ops	$0
Other Adjustments	-$404.5K
NET INCOME	$264M
Net Income Deductions	-$404.5K
BOTTOM LINE NET INCOME	$264M
D&A	$176M
EBIT	$236M
EBITDA	$411M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$766M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$1.7B
OPERATING INCOME	$149M
Interest Income	$12M
Interest Expense	$42M
Other Income/Expenses	$154M
INCOME BEFORE TAX	$299M
Income Tax Expense	$39M
Net Income from Continuing Ops	$264M
Net Income from Discontinued Ops	$0
Other Adjustments	-$404.5K
NET INCOME	$264M
Net Income Deductions	-$404.5K
BOTTOM LINE NET INCOME	$264M
D&A	$176M
EBIT	$236M
EBITDA	$411M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$264M
Depreciation & Amortization	$176M
Stock-Based Compensation	$4M
Deferred Income Tax	-$331M
Other Non-Cash Items	$245M
Change in Working Capital	$28M
OPERATING CASH FLOW	$385M
Capital Expenditure	-$116M
Acquisitions (Net)	$268M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$524M
NET CASH FROM INVESTING	$152M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$37M
Other Financing Activities	-$692M
NET CASH FROM FINANCING	-$729M
FREE CASH FLOW	$269M
Net Change in Cash	-$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$417M
Short-Term Investments	$2M
Net Receivables	$586M
Inventory	$144M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$1.2B
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	$4.6B
Account Payables	$155M
Short-Term Debt	$1.3B
Deferred Revenue	$98M
Other Current Liabilities	-$703M
TOTAL CURRENT LIABILITIES	$1.2B
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	$3.2B
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	$4.6B
Total Debt	$1.8B
Net Debt	$1.4B