RB Global (RBA) FY2020 results: revenue $1.4 billion, up 4.4% on the year
RB Global Inc. (RBA) reported revenue of $1.4 billion for fiscal 2020, the year ended 31 December 2020, up 4.4% on the year before. Net income was $170 million, up 14.1%, and diluted earnings per share $1.54. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$1.4 billion
+4.4% on the year
FY2016FY2020
Operating margin
19.1%
16.9% a year earlier
FY2016FY2020
Net income
$170 million
+14.1% on the year
FY2016FY2020
Diluted EPS
$1.54
+13.2% on the year
FY2016FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,377
1,319
1,170
+4.4%
Selling, general and administrative
410
382
383
+7.3%
Operating income
263
223
185
+17.9%
Operating margin
19.1%
16.9%
15.8%
Interest expense
35.6
41.3
44.5
-13.8%
Pre-tax income
236
191
153
+23.7%
Income tax
65.5
41.6
31.0
+57.4%
Effective tax rate
27.8%
21.8%
20.3%
Net income
170
149
121
+14.1%
Net margin
12.4%
11.3%
10.4%
Diluted EPS
$1.54
$1.36
$1.11
+13.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
258
333
144
-22.5%
Capital expenditure
14.3
13.6
16.9
+5.0%
Free cash flow
244
319
127
-23.7%
Free cash flow margin
17.7%
24.2%
10.9%
Cash from investing
-277
-36.1
-31.0
Cash from financing
-111
-187
-134
Depreciation and amortisation
74.9
70.5
66.6
+6.3%
Share-based compensation
16.6
12.7
23.4
+29.9%
Buybacks
53.2
42.0
n/a
+26.6%
Dividends paid
91.7
82.5
75.7
+11.1%
Diluted shares, weighted
110m
110m
109m
+0.5%
Shares outstanding at period end
110m
109m
109m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,007
902
831
+11.7%
Non-controlling interest
5.2
5.2
5.1
0.0%
Redeemable equity
n/a
n/a
0.9
Debt
666
650
731
+2.4%
Operating lease liabilities
113
111
n/a
+1.3%
Finance lease liabilities
17.1
16.3
10.1
+4.7%
Other liabilities
543
545
474
-0.2%
Total liabilities and equity
2,352
2,229
2,052
+5.5%
Fixed assets
492
484
487
+1.6%
Goodwill
841
672
672
+25.0%
Intangible assets
301
233
246
+29.0%
Cash and equivalents
279
360
238
-22.5%
Receivables
135
143
129
-5.3%
Inventory
86.3
65.0
113
+32.8%
Other assets
218
272
168
-19.9%
Total assets
2,352
2,229
2,052
+5.5%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.