RTO Q4 2020 Earnings Report — Rentokil Initial plc Revenue & Financial Results | Market Cap Arena

Rentokil Initial plcRTO

Q4 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	10.1%
Op. Income	$252M	—	$149M	—	68.9%
Gross Margin	60.5%	—	59.0%	—	1.5pp
Net Margin	9.1%	—	14.1%	—	-5.0pp
EPS (Diluted)	$0.50	—	$0.67	—	-26.0%
Free Cash Flow	$318M	—	$269M	—	18.1%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$814M
GROSS PROFIT	$1.2B
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$1.8B
OPERATING INCOME	$252M
Interest Income	$4M
Interest Expense	$43M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$221M
Income Tax Expense	$39M
Net Income from Continuing Ops	$188M
Net Income from Discontinued Ops	$0
Other Adjustments	-$404.5K
NET INCOME	$187M
Net Income Deductions	-$404.5K
BOTTOM LINE NET INCOME	$188M
D&A	$109M
EBIT	$289M
EBITDA	$398M
EPS	$1
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$814M
GROSS PROFIT	$1.2B
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$1.8B
OPERATING INCOME	$252M
Interest Income	$4M
Interest Expense	$43M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$221M
Income Tax Expense	$39M
Net Income from Continuing Ops	$188M
Net Income from Discontinued Ops	$0
Other Adjustments	-$404.5K
NET INCOME	$187M
Net Income Deductions	-$404.5K
BOTTOM LINE NET INCOME	$188M
D&A	$109M
EBIT	$289M
EBITDA	$398M
EPS	$1
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$187M
Depreciation & Amortization	$109M
Stock-Based Compensation	$4M
Deferred Income Tax	-$177M
Other Non-Cash Items	$269M
Change in Working Capital	$33M
OPERATING CASH FLOW	$425M
Capital Expenditure	-$107M
Acquisitions (Net)	-$193M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$226M
NET CASH FROM INVESTING	-$300M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$360M
NET CASH FROM FINANCING	-$617M
FREE CASH FLOW	$318M
Net Change in Cash	$1.7B

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