$ROL
ROLLINS INC

2023 Q3 Form 10-Q Financial Statement

#000008483923000059 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $840.4M $820.8M
YoY Change 15.17% 14.94%
Cost Of Revenue $388.5M $384.2M
YoY Change 11.6% 14.08%
Gross Profit $451.9M $436.6M
YoY Change 18.44% 15.72%
Gross Profit Margin 53.77% 53.19%
Selling, General & Admin $244.9M $255.3M
YoY Change 14.67% 16.07%
% of Gross Profit 54.2% 58.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.67M $26.44M
YoY Change 1.59% 8.69%
% of Gross Profit 5.46% 6.06%
Operating Expenses $244.9M $281.8M
YoY Change 14.67% 28.08%
Operating Profit $177.1M $154.8M
YoY Change 23.27% 16.42%
Interest Expense -$5.547M -$4.785M
YoY Change 555.67% 443.75%
% of Operating Profit -3.13% -3.09%
Other Income/Expense, Net $493.0K $1.019M
YoY Change -75.1% -46.68%
Pretax Income $172.1M $151.0M
YoY Change 18.82% 12.71%
Income Tax $44.30M $40.88M
% Of Pretax Income 25.75% 27.07%
Net Earnings $127.8M $110.1M
YoY Change 18.73% 9.81%
Net Earnings / Revenue 15.2% 13.42%
Basic Earnings Per Share $0.26 $0.22
Diluted Earnings Per Share $0.26 $0.22
COMMON SHARES
Basic Shares Outstanding 492.8M shares 492.8M shares
Diluted Shares Outstanding 491.0M shares 492.9M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.2M $154.7M
YoY Change 16.71% -29.97%
Cash & Equivalents $142.2M $154.7M
Short-Term Investments
Other Short-Term Assets $64.68M $62.49M
YoY Change 40.66% -2.27%
Inventory $33.22M $32.69M
Prepaid Expenses
Receivables $198.5M $176.6M
Other Receivables $38.10M $37.50M
Total Short-Term Assets $476.8M $464.0M
YoY Change 19.51% -8.48%
LONG-TERM ASSETS
Property, Plant & Equipment $124.4M $406.1M
YoY Change -4.59% 211.34%
Goodwill $1.054B $1.046B
YoY Change 36.47% 40.97%
Intangibles $559.9M $563.7M
YoY Change 26.33% 28.38%
Long-Term Investments
YoY Change
Other Assets $49.22M $46.96M
YoY Change 27.4% 7.55%
Total Long-Term Assets $2.163B $2.135B
YoY Change 26.24% 28.6%
TOTAL ASSETS
Total Short-Term Assets $476.8M $464.0M
Total Long-Term Assets $2.163B $2.135B
Total Assets $2.640B $2.599B
YoY Change 24.97% 19.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.42M $74.40M
YoY Change 3.61% 46.74%
Accrued Expenses $234.5M $222.7M
YoY Change 7.22% 5.27%
Deferred Revenue $183.4M $183.3M
YoY Change 9.9% 10.91%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $581.7M $575.7M
YoY Change 14.11% 11.19%
LONG-TERM LIABILITIES
Long-Term Debt $596.6M $337.5M
YoY Change 443.0% 53.51%
Other Long-Term Liabilities $358.8M $343.9M
YoY Change 21.09% 20.96%
Total Long-Term Liabilities $955.4M $681.4M
YoY Change 135.23% 35.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $581.7M $575.7M
Total Long-Term Liabilities $955.4M $681.4M
Total Liabilities $1.537B $1.257B
YoY Change 67.82% 23.01%
SHAREHOLDERS EQUITY
Retained Earnings $530.1M $757.5M
YoY Change -16.34% 31.68%
Common Stock $484.0M $492.8M
YoY Change -1.71% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.103B $1.342B
YoY Change
Total Liabilities & Shareholders Equity $2.640B $2.599B
YoY Change 24.97% 19.92%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $127.8M $110.1M
YoY Change 18.73% 9.81%
Depreciation, Depletion And Amortization $24.67M $26.44M
YoY Change 1.59% 8.69%
Cash From Operating Activities $127.4M $147.4M
YoY Change -0.29% 15.81%
INVESTING ACTIVITIES
Capital Expenditures $6.868M $6.775M
YoY Change -197.56% -185.91%
Acquisitions
YoY Change
Other Investing Activities -$23.84M -$311.3M
YoY Change -56.09% 809.63%
Cash From Investing Activities -$30.71M -$318.0M
YoY Change -49.94% 655.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -106.5M 211.3M
YoY Change -35.73% -287.41%
NET CHANGE
Cash From Operating Activities 127.4M 147.4M
Cash From Investing Activities -30.71M -318.0M
Cash From Financing Activities -106.5M 211.3M
Net Change In Cash -9.809M 40.66M
YoY Change -90.12% -247.57%
FREE CASH FLOW
Cash From Operating Activities $127.4M $147.4M
Capital Expenditures $6.868M $6.775M
Free Cash Flow $120.5M $140.6M
YoY Change -10.59% 4.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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62000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
27480000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
23615000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
53667000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
47638000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
27561000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
23651000 usd
us-gaap Lease Cost
LeaseCost
53815000 usd
us-gaap Lease Cost
LeaseCost
47700000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0382
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0334
us-gaap Operating Lease Payments
OperatingLeasePayments
53212000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
47099000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
51531000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
84780000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
65720000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
44647000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21008000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13234000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
40365000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
321285000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34166000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
287119000 usd
CY2023Q2 rol Lessee Operating Lease Lease Not Yet Commenced Future Minimum Payments Due
LesseeOperatingLeaseLeaseNotYetCommencedFutureMinimumPaymentsDue
11900000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
100000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
400000 usd
us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
1000000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
128000000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98400000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2023Q2 rol Stock Repurchased During Period Value Employee Taxes
StockRepurchasedDuringPeriodValueEmployeeTaxes
400000 usd
CY2022Q2 rol Stock Repurchased During Period Value Employee Taxes
StockRepurchasedDuringPeriodValueEmployeeTaxes
600000 usd
rol Stock Repurchased During Period Value Employee Taxes
StockRepurchasedDuringPeriodValueEmployeeTaxes
11800000 usd
rol Stock Repurchased During Period Value Employee Taxes
StockRepurchasedDuringPeriodValueEmployeeTaxes
7000000 usd
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5300000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
490168000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
489741000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
490058000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
489679000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2532000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2586000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2535000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2591000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
492700000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
492327000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
492593000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
492270000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
191000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
113000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
171000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
112000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492891000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492440000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492764000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
492382000 shares
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40900000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54400000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.258
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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