10-Q Filing

ROLLINS INC CIK: 84839 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001552781-14-000346`
Period End Date	20140331
Filing Date	20140425
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rol-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 22 Cash Flow Statement 50 Comprehensive Income 8

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.08M	USD	Point-in-time
Trade receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	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`	$1.71M	USD	Point-in-time
Financed receivables, short-term, allowance for doubtful accounts (in dollars)	`AllowanceForNotesAndLoansReceivableCurrent`	$1.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.13M	USD	Point-in-time
Trade receivables, short-term, net of allowance for doubtful accounts of $8,602 and $9,078, respectively	`AccountsReceivableNetCurrent`	$72.85M	USD	Point-in-time
Trade receivables, short-term, net of allowance for doubtful accounts of $8,602 and $9,078, respectively	`AccountsReceivableNetCurrent`	$75.31M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.42M	USD	Point-in-time
Financed receivables, long-term, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$1.44M	USD	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 $1,710 and $1,777, respectively	`NotesAndLoansReceivableNetCurrent`	$12.22M	USD	Point-in-time
Financed receivables, short-term, net of allowance for doubtful accounts of $1,710 and $1,777, respectively	`NotesAndLoansReceivableNetCurrent`	$11.23M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Materials and supplies	`InventoryNet`	$12.25M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Materials and supplies	`InventoryNet`	$12.69M	USD	Point-in-time
Preferred stock, no par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$39.52M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$39.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.39M	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
Total Current Assets	`AssetsCurrent`	$241.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$274.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$92.03M	USD	Point-in-time
Equipment and property, net	`PropertyPlantAndEquipmentNet`	$87.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	145.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	146.02M	shares	Point-in-time
Goodwill	`Goodwill`	$211.85M	USD	Point-in-time
Goodwill	`Goodwill`	$235.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	145.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	146.02M	shares	Point-in-time
Customer contracts and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$128.57M	USD	Point-in-time
Customer contracts and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$157.01M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$4.75M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$4.54M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,440 and $1,423, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$11.61M	USD	Point-in-time
Financed receivables, long-term, net of allowance for doubtful accounts of $1,440 and $1,423, respectively	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$11.25M	USD	Point-in-time
Prepaid Pension	`PrepaidPensionCosts`	$10.25M	USD	Point-in-time
Prepaid Pension	`PrepaidPensionCosts`	$7.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.88M	USD	Point-in-time
Total Assets	`Assets`	$739.22M	USD	Point-in-time
Total Assets	`Assets`	$765.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.19M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$26.65M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceCurrent`	$25.63M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$66.17M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$56.54M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$98.46M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$91.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.78M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$42.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$235.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$250.50M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$28.62M	USD	Point-in-time
Accrued insurance, less current portion	`AccruedInsuranceNoncurrent`	$28.25M	USD	Point-in-time
Accrued pension	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$458.00K	USD	Point-in-time
Accrued pension	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$691.00K	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$36.23M	USD	Point-in-time
Long-term accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$36.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$315.89M	USD	Point-in-time
Total Liabilities	`Liabilities`	$300.96M	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; 250,000,000 shares authorized, 146,023,560 and 145,864,443 shares issued and outstanding, respectively	`CommonStockValue`	$145.86M	USD	Point-in-time
Common stock, par value $1 per share; 250,000,000 shares authorized, 146,023,560 and 145,864,443 shares issued and outstanding, respectively	`CommonStockValue`	$146.02M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$53.99M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$53.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.24M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$279.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$270.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$438.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$449.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$739.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$765.66M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Customer services	`SalesRevenueServicesNet`	$299.71M	USD	1 Quarter
Customer services	`SalesRevenueServicesNet`	$313.39M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$161.31M	USD	1 Quarter
Cost of services provided	`CostOfServices`	$155.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.21M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$100.58M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$99.13M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$45.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$76.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.36M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.12M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$15.59M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$11.95M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.77M	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`	$0.18	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`	$0.10	USD	1 Quarter
Weighted average participating shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146,238.00	shares	1 Quarter
Weighted average participating shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	145,991.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.77M	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.21M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.25M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.54M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-94.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.30M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$2.55M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$2.77M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.39M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.68M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$29.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$590.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-3.57M	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`	$41.18M	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$53.58M	USD	1 Quarter
Cash used for acquisitions of companies, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$929.00K	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.74M	USD	1 Quarter
Purchases of equipment and property	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.16M	USD	1 Quarter
Cash from sales of franchises	`ProceedsFromDivestitureOfBusinesses`	$90.00K	USD	1 Quarter
Cash from sales of franchises	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-56.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-446.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-58.20M	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`	$6.64M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.30M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$13.15M	USD	1 Quarter
Proceeds received upon exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds received upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00K	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.39M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.55M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$481.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-839.00K	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-35.09M	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$17.40M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.22M	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`	$65.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$118.22M	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`	$65.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.13M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.77M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.18M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-777.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.53M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-777.00K	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.53M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$27.30M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$22.40M	USD	1 Quarter

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