Rollins (ROL) FY2019 results: revenue $2.0 billion, up 10.6% on the year
Rollins Inc. (ROL) reported revenue of $2.0 billion for fiscal 2019, the year ended 31 December 2019, up 10.6% on the year before. Net income was $203 million, down 12.2%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$2.0 billion
+10.6% on the year
FY2016FY2019
Operating margin
15.7%
FY2016FY2019
Net income
$203 million
-12.2% on the year
FY2016FY2019
Diluted EPS
$0.41
-12.7% on the year
FY2016FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,015
1,822
1,674
+10.6%
Cost of revenue
994
894
820
+11.1%
Gross profit
1,022
927
854
+10.2%
Gross margin
50.7%
50.9%
51.0%
Selling, general and administrative
623
551
503
+13.2%
Operating income
317
n/a
n/a
Operating margin
15.7%
n/a
n/a
Pre-tax income
261
311
295
-16.0%
Income tax
57.8
79.1
115
-26.9%
Effective tax rate
22.1%
25.4%
39.2%
Net income
203
232
179
-12.2%
Net margin
10.1%
12.7%
10.7%
Diluted EPS
$0.41
$0.47
$0.36
-12.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
320
299
235
+6.7%
Capital expenditure
27.1
27.2
24.7
-0.1%
Free cash flow
292
272
211
+7.4%
Free cash flow margin
14.5%
14.9%
12.6%
Cash from investing
-455
-101
-154
Cash from financing
112
-175
-130
Depreciation and amortisation
81.1
66.8
56.6
+21.4%
Share-based compensation
14.2
13.7
12.4
+3.2%
Buybacks
10.0
9.5
8.2
+4.9%
Dividends paid
154
153
122
+0.7%
Dividend per share
$0.31
$0.31
$0.25
0.0%
Diluted shares, weighted
491m
491m
490m
+0.1%
Shares outstanding at period end
491m
491m
490m
+0.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
833
712
654
+17.0%
Debt
292
0.0
0.0
Other liabilities
620
382
380
+62.2%
Total liabilities and equity
1,744
1,094
1,034
+59.4%
Fixed assets
196
137
134
+42.8%
Goodwill
573
368
347
+55.5%
Intangible assets
n/a
214
162
Cash and equivalents
94.3
115
107
-18.4%
Receivables
123
104
97.8
+18.0%
Inventory
19.5
15.8
15.0
+23.4%
Other assets
739
139
171
+431.8%
Total assets
1,744
1,094
1,034
+59.4%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.