10-Q Filing

ROLLINS INC CIK: 84839 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001171200-19-000188`
Period End Date	20190331
Filing Date	20190426
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rol-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 24 Cash Flow Statement 46 Stockholders Equity 19 Comprehensive Income 8

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.29M	USD	Point-in-time
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.48M	USD	Point-in-time
Financing receivables, short-term, allowance for doubtful accounts	`AllowanceForNotesAndLoansReceivableCurrent`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Financing receivables, short-term, allowance for doubtful accounts	`AllowanceForNotesAndLoansReceivableCurrent`	$1.80M	USD	Point-in-time
Financing receivables, long-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.54M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $12,201 and $13,285, respectively	`AccountsReceivableNetCurrent`	$104.59M	USD	Point-in-time
Financing receivables, long-term, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.45M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $12,201 and $13,285, respectively	`AccountsReceivableNetCurrent`	$104.02M	USD	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,797 and $1,845, respectively	`NotesAndLoansReceivableNetCurrent`	$18.45M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,797 and $1,845, respectively	`NotesAndLoansReceivableNetCurrent`	$19.26M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Materials and supplies	`InventoryNet`	$15.79M	USD	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
Materials and supplies	`InventoryNet`	$16.57M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.28M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.91M	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
Total Current Assets	`AssetsCurrent`	$289.94M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$286.02M	USD	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$136.81M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	327.31M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	327.53M	shares	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$136.88M	USD	Point-in-time
Goodwill, net	`Goodwill`	$368.48M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	327.53M	shares	Point-in-time
Goodwill, net	`Goodwill`	$370.49M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	327.31M	shares	Point-in-time
Customer contracts, net	`CustomerContractsNet`	$178.07M	USD	Point-in-time
Customer contracts, net	`CustomerContractsNet`	$174.78M	USD	Point-in-time
Trademarks and tradenames, net	`FiniteLivedTrademarksGross`	$53.93M	USD	Point-in-time
Trademarks and tradenames, net	`FiniteLivedTrademarksGross`	$54.14M	USD	Point-in-time
Other intangible assets, net	`FiniteAndIndefiniteLivedIntangibleAssetsExcludingGoodwillAndCustomerContractsNet`	$10.71M	USD	Point-in-time
Other intangible assets, net	`FiniteAndIndefiniteLivedIntangibleAssetsExcludingGoodwillAndCustomerContractsNet`	$11.04M	USD	Point-in-time
Operating lease, right-of-use assets	`DisposalGroupIncludingDiscontinuedOperationCapitalLeasedAssetsNoncurrent`	$182.18M	USD	Point-in-time
Operating lease, right-of-use assets	`DisposalGroupIncludingDiscontinuedOperationCapitalLeasedAssetsNoncurrent`	-	USD	Point-in-time
Financing receivables, long-term, net of allowance for doubtful accounts of $1,536 and $1,357 respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$26.38M	USD	Point-in-time
Financing receivables, long-term, net of allowance for doubtful accounts of $1,536 and $1,357 respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$28.23M	USD	Point-in-time
Prepaid Pension	`PrepaidExpenseOtherNoncurrent`	$5.27M	USD	Point-in-time
Prepaid Pension	`PrepaidExpenseOtherNoncurrent`	$5.27M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$961.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$6.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.62M	USD	Point-in-time
Total Assets	`Assets`	$1.27B	USD	Point-in-time
Total Assets	`Assets`	$1.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.17M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$27.94M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$27.71M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$58.85M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$77.74M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$123.94M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$116.00M	USD	Point-in-time
Operating lease liabilities - current	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Operating lease liabilities - current	`CapitalLeaseObligationsCurrent`	$60.45M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$54.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$352.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$299.03M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$33.87M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$34.15M	USD	Point-in-time
Operating lease liabilities, less current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, less current portion	`CapitalLeaseObligationsNoncurrent`	$121.78M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$49.32M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$44.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$382.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$552.95M	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, 327,529,782 and 327,308,079 shares issued and outstanding, respectively	`CommonStockValue`	$327.53M	USD	Point-in-time
Common stock, par value $1 per share; 375,000,000 shares authorized, 327,529,782 and 327,308,079 shares issued and outstanding, respectively	`CommonStockValue`	$327.31M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$85.39M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$79.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-71.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-68.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$370.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$380.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$711.91M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$653.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$719.12M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$662.76M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Customer services	`Revenues`	$408.74M	USD	1 Quarter
Customer services	`Revenues`	$429.07M	USD	1 Quarter
Cost of services provided	`CostOfGoodsAndServicesSold`	$206.14M	USD	1 Quarter
Cost of services provided	`CostOfGoodsAndServicesSold`	$217.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.68M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$126.49M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$139.53M	USD	1 Quarter
Gain on sales of assets, net	`GainLossOnDispositionOfAssets`	$181.00K	USD	1 Quarter
Gain on sales of assets, net	`GainLossOnDispositionOfAssets`	$56.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$274.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$-58.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.19M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$56.05M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$10.67M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$11.83M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$44.23M	USD	1 Quarter
Income per share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Income per share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
DIVIDENDS PAID PER SHARE	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
DIVIDENDS PAID PER SHARE	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Weighted average shares outstanding - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	327.51M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	327.24M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$44.23M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`OtherDepreciationAndAmortization`	$16.92M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`OtherDepreciationAndAmortization`	$16.68M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.10M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.33M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$932.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.68M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$3.09M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$3.89M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-591.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.20M	USD	1 Quarter
Changes in assets and liabilities:	`IncreaseDecreaseInOperatingCapital`	$376.00K	USD	1 Quarter
Changes in assets and liabilities:	`IncreaseDecreaseInOperatingCapital`	$-10.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$58.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.75M	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`	$7.04M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.13M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.48M	USD	1 Quarter
Cash from sale of franchises	`ProceedsFromSaleOfIntangibleAssets`	$395.00K	USD	1 Quarter
Cash from sale of franchises	`ProceedsFromSaleOfIntangibleAssets`	$177.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-76.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-569.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.03M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$9.22M	USD	1 Quarter
Cash paid for common stock purchased	`PaymentsForRepurchaseOfCommonStock`	$9.12M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$30.60M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$34.33M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-43.45M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.83M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-6.62M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.48M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.73M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.12M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$116.61M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$115.48M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$116.61M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$115.48M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$84.32M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$107.05M	USD	Point-in-time
Non-cash additions to operating lease right-of-use assets	`NoncashAdditionsToOperatingLeaseROUAssets`	$6.92M	USD	1 Quarter
Non-cash additions to operating lease right-of-use assets	`NoncashAdditionsToOperatingLeaseROUAssets`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$711.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$662.76M	USD	Point-in-time
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$44.23M	USD	1 Quarter
Impact of adoption of ASC 842	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$212.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.95M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.34M	USD	1 Quarter
Cash Dividends	`DividendsCommonStockCash`	$30.60M	USD	1 Quarter
Cash Dividends	`DividendsCommonStockCash`	$34.33M	USD	1 Quarter
Stock Compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.89M	USD	1 Quarter
Stock Compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.09M	USD	1 Quarter
Employee Stock Buybacks	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-9.22M	USD	1 Quarter
Employee Stock Buybacks	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-9.12M	USD	1 Quarter
Balance	`StockholdersEquity`	$711.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$662.76M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.52M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$44.23M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.95M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.34M	USD	1 Quarter
Other comprehensive earnings/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.34M	USD	1 Quarter
Other comprehensive earnings/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.95M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$46.57M	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.