10-Q Filing

ROLLINS INC CIK: 84839 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000084839-18-000097`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	rol-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 25 Cash Flow Statement 45 Stockholders Equity 20 Comprehensive Income 10

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, short-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.81M	USD	Point-in-time
Trade receivables, short-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.54M	USD	Point-in-time
Financed receivables, short-term, allowance for doubtful accounts	`AllowanceForNotesAndLoansReceivableCurrent`	$1.53M	USD	Point-in-time
Financed receivables, short-term, allowance for doubtful accounts	`AllowanceForNotesAndLoansReceivableCurrent`	$1.58M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.41M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.36M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	218.19M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.48M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	217.99M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.78M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	218.19M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $10,536 and $11,814, respectively	`AccountsReceivableNetCurrent`	$97.80M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	217.99M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $10,536 and $11,814, respectively	`AccountsReceivableNetCurrent`	$96.46M	USD	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,581 and $1,535, respectively	`NotesAndLoansReceivableNetCurrent`	$16.98M	USD	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,581 and $1,535, respectively	`NotesAndLoansReceivableNetCurrent`	$17.26M	USD	Point-in-time
Materials and supplies	`InventoryNet`	$14.98M	USD	Point-in-time
Materials and supplies	`InventoryNet`	$15.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$262.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$240.70M	USD	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$136.27M	USD	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$134.09M	USD	Point-in-time
Goodwill	`Goodwill`	$346.51M	USD	Point-in-time
Goodwill	`Goodwill`	$364.61M	USD	Point-in-time
Finite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$238.08M	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$11.44M	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$11.55M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,406 and $1,357, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$22.30M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,406 and $1,357, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$20.41M	USD	Point-in-time
Prepaid Pension	`PrepaidExpenseOtherNoncurrent`	$17.59M	USD	Point-in-time
Prepaid Pension	`PrepaidExpenseOtherNoncurrent`	$18.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$10.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$18.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.06M	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$1.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.62M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$28.02M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$28.46M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$73.02M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$64.61M	USD	Point-in-time
Unearned revenues	`ContractWithCustomerLiabilityCurrent`	$109.03M	USD	Point-in-time
Unearned revenues	`ContractWithCustomerLiabilityCurrent`	$117.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$57.44M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$58.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$299.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$294.57M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$34.24M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$34.79M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$50.92M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$54.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$379.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$387.93M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, without par value; 500,000 shares authorized, zero shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, without par value; 500,000 shares authorized, zero shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $1 per share; 375,000,000 shares authorized, 218,186,439 and 217,992,177 shares issued and outstanding, respectively	`CommonStockValue`	$218.19M	USD	Point-in-time
Common stock, par value $1 per share; 375,000,000 shares authorized, 218,186,439 and 217,992,177 shares issued and outstanding, respectively	`CommonStockValue`	$217.99M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$81.41M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$75.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.91M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$400.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$418.41M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$568.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$653.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$662.76M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.05B	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Customer services	`SalesRevenueServicesNet`	$408.74M	USD	1 Quarter
Customer services	`SalesRevenueServicesNet`	$375.25M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$206.14M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$189.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$126.49M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$115.15M	USD	1 Quarter
Gain on sale of assets, net	`GainLossOnDispositionOfAssets1`	$56.00K	USD	1 Quarter
Gain on sale of assets, net	`GainLossOnDispositionOfAssets1`	$26.00K	USD	1 Quarter
Interest expense / (income), net	`InterestIncomeExpenseNet`	$-58.00K	USD	1 Quarter
Interest expense / (income), net	`InterestIncomeExpenseNet`	$73.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.19M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.26M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$16.99M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$10.67M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$179.12M	USD	Annual
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.27M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
NET INCOME PER SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
NET INCOME PER SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.22	USD	1 Quarter
DIVIDENDS PAID PER SHARE (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
DIVIDENDS PAID PER SHARE (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Weighted average participating shares outstanding - basic and diluted (in share)	`WeightedAverageNumberOfSharesOutstandingBasic`	217.97M	shares	1 Quarter
Weighted average participating shares outstanding - basic and diluted (in share)	`WeightedAverageNumberOfSharesOutstandingBasic`	218.16M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$179.12M	USD	Annual
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.27M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.46M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.10M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$61.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$932.00K	USD	1 Quarter
Stock - based compensation expense	`ShareBasedCompensation`	$3.09M	USD	1 Quarter
Stock - based compensation expense	`ShareBasedCompensation`	$3.27M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$1.20M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$130.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$5.93M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-376.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.77M	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$43.15M	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.02M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.45M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.13M	USD	1 Quarter
Proceeds from sales of franchises	`ProceedsFromDivestitureOfBusinesses`	$177.00K	USD	1 Quarter
Proceeds from sales of franchises	`ProceedsFromDivestitureOfBusinesses`	$168.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-61.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-76.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.24M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$9.22M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$7.48M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.06M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$30.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.54M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-6.62M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$3.71M	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.69M	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.73M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$142.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$142.78M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$568.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$662.76M	USD	Point-in-time
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$179.12M	USD	Annual
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.27M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
Pension Liability Adjustment	`OtherComprehensiveIncomeMinimumPensionsLiabilityNetAdjustmentNetOfTax`	$14.16M	USD	Annual
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.01M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.95M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.96M	USD	Annual
Cash Dividends	`DividendsCommonStockCash`	$30.60M	USD	1 Quarter
Cash Dividends	`DividendsCommonStockCash`	$122.02M	USD	Annual
Stock Compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$12.40M	USD	Annual
Stock Compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.09M	USD	1 Quarter
Employee Stock Buybacks	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.50M	USD	1 Quarter
Employee Stock Buybacks	`StockRepurchasedAndRetiredDuringPeriodValue`	$8.25M	USD	Annual
Employee Stock Buybacks	`StockRepurchasedAndRetiredDuringPeriodValue`	$9.22M	USD	1 Quarter
Balance	`StockholdersEquity`	$568.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$662.76M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$179.12M	USD	Annual
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.27M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.01M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.95M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.96M	USD	Annual
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.95M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.01M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$44.28M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$45.57M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.