10-Q Filing

ROLLINS INC CIK: 84839 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-033308`
Period End Date	20130331
Filing Date	20130426
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	rol-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 25 Cash Flow Statement 47 Comprehensive Income 8

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.21M	USD	Point-in-time
Trade receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.08M	USD	Point-in-time
Financed receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForNotesAndLoansReceivableCurrent`	$1.77M	USD	Point-in-time
Financed receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForNotesAndLoansReceivableCurrent`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.27M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.41M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.43M	USD	Point-in-time
Trade receivables, short-term, net of allowance for doubtful accounts of $6,132 and $8,211, respectively	`AccountsReceivableNetCurrent`	$68.92M	USD	Point-in-time
Trade receivables, short-term, net of allowance for doubtful accounts of $6,132 and $8,211, respectively	`AccountsReceivableNetCurrent`	$68.19M	USD	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,767 and $1,842, respectively	`NotesAndLoansReceivableNetCurrent`	$11.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,767 and $1,842, respectively	`NotesAndLoansReceivableNetCurrent`	$10.90M	USD	Point-in-time
Materials and supplies	`InventoryNet`	$11.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Materials and supplies	`InventoryNet`	$11.85M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$32.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$33.34M	USD	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, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	146.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	146.02M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$225.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$205.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	146.02M	shares	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$82.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	146.28M	shares	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$83.30M	USD	Point-in-time
Goodwill	`Goodwill`	$212.28M	USD	Point-in-time
Goodwill	`Goodwill`	$212.48M	USD	Point-in-time
Customer contracts and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.46M	USD	Point-in-time
Customer contracts and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$141.79M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$26.58M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$26.84M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,433 and $1,408, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$11.21M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,433 and $1,408, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$11.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$11.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.40M	USD	Point-in-time
Total Assets	`Assets`	$692.51M	USD	Point-in-time
Total Assets	`Assets`	$707.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.08M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$24.16M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$24.93M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$50.22M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$60.04M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$96.25M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$87.75M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.60M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$233.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.42M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$31.74M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$31.28M	USD	Point-in-time
Accrued pension	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$43.27M	USD	Point-in-time
Accrued pension	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$43.02M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$33.86M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$34.58M	USD	Point-in-time
Total Liabilities	`Liabilities`	$342.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$337.55M	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 authorized, zero shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, without par value; 500,000 authorized, zero shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $1 per share; 250,000,000 shares authorized, 146,279,384 and 146,015,082 shares issued and outstanding, respectively	`CommonStockValue`	$146.28M	USD	Point-in-time
Common stock, par value $1 per share; 250,000,000 shares authorized, 146,279,384 and 146,015,082 shares issued and outstanding, respectively	`CommonStockValue`	$146.01M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$45.16M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$45.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-56.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$220.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$230.78M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$354.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$364.97M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$692.51M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$707.44M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Customer services	`SalesRevenueServicesNet`	$289.46M	USD	1 Quarter
Customer services	`SalesRevenueServicesNet`	$299.71M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$155.61M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$148.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.89M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$94.82M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$99.13M	USD	1 Quarter
Interest (income)/expense, net	`InterestIncomeExpenseNet`	$-51.00K	USD	1 Quarter
Interest (income)/expense, net	`InterestIncomeExpenseNet`	$45.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.12M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.74M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$13.66M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$11.95M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.08M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.18M	USD	1 Quarter
NET INCOME PER SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.16	USD	1 Quarter
NET INCOME PER SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.16	USD	1 Quarter
DIVIDENDS PAID PER SHARE (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
DIVIDENDS PAID PER SHARE (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.08	USD	1 Quarter
Weighted average participating shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.70M	shares	1 Quarter
Weighted average participating shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.24M	shares	1 Quarter
Dilutive effect of stock options (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	17,000.00	shares	1 Quarter
Weighted average participating shares outstanding - assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.71M	shares	1 Quarter
Weighted average participating shares outstanding - assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.24M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.08M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.89M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.51M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.25M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$112.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-94.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$2.55M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$2.37M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.59M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.68M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$58.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$29.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-1.90M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-4.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$38.79M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$37.09M	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$929.00K	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.83M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.71M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.74M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-142.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-56.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.61M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$4.48M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$4.69M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$13.15M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.73M	USD	1 Quarter
Proceeds received upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00K	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.68M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.59M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-13.82M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$542.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-839.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$17.40M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$13.41M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.27M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.08M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.18M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$630.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-777.00K	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-777.00K	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$630.00K	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$22.40M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$23.71M	USD	1 Quarter

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