Cash flow Rentokil Initial plc

Equities

RTO

GB00B082RF11

Business Support Services

Market Closed - London S.E. Other stock markets 16:35:02 18/06/2025 BST			5-day change	1st Jan Change
348.80 ^GBX	-1.13%		-2.43%	-12.97%

06-13	RBC Keeps Rentokil at Outperform, Says Current Issues 'Fixable'	MT
06-13	Jefferies cuts Mitie to 'hold' from 'buy'	AN

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Published financial data: RENTOKIL INITIAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.82B	2.96B	3.71B	5.38B	5.44B
Total Revenues	2.82B	2.96B	3.71B	5.38B	5.44B
Cost of Goods Sold, Total	606M	589M	721M	927M	877M
Gross Profit	2.22B	2.37B	2.99B	4.45B	4.56B
Selling General & Admin Expenses, Total	1.49B	1.61B	2B	2.87B	2.96B
Depreciation & Amortization - (IS)	132M	128M	140M	154M	159M
Amortization of Goodwill and Intangible Assets - (IS)	88M	89.4M	118M	197M	195M
Other Operating Expenses	175M	173M	258M	493M	577M
Other Operating Expenses, Total	1.89B	2B	2.52B	3.71B	3.89B
Operating Income	329M	369M	475M	734M	672M
Interest Expense, Total	-48.6M	-33.3M	-74M	-175M	-181M
Interest And Investment Income	9.7M	1M	5M	25M	36M
Net Interest Expenses	-38.9M	-32.3M	-69M	-150M	-145M
Income (Loss) On Equity Invest.	8.3M	8.1M	9M	9M	7M
Currency Exchange Gains (Loss)	-7.6M	-	-	11M	-5M
Other Non Operating Income (Expenses)	-22.2M	-400K	17M	-13M	-8M
EBT, Excl. Unusual Items	268M	344M	432M	591M	521M
Restructuring Charges	-13.2M	-	-	-7M	-7M
Merger & Related Restructuring Charges	-14.7M	-13.3M	-135M	-95M	-68M
Impairment of Goodwill	-10.6M	-200K	-22M	-3M	-28M
Gain (Loss) On Sale Of Assets	2M	-	-	-	-
Asset Writedown	-2.8M	-1.5M	-	-1M	-2M
Legal Settlements	-	-	-	-	-
Other Unusual Items	900K	-4.2M	21M	8M	-11M
EBT, Incl. Unusual Items	230M	325M	296M	493M	405M
Income Tax Expense	43.5M	61.9M	64M	112M	98M
Earnings From Continuing Operations	186M	263M	232M	381M	307M
Net Income to Company	186M	263M	232M	381M	307M
Net Income - (IS)	186M	263M	232M	381M	307M
Net Income to Common Incl Extra Items	186M	263M	232M	381M	307M
Net Income to Common Excl. Extra Items	186M	263M	232M	381M	307M
Per Share Items
Net EPS - Basic	0.1	0.14	0.12	0.15	0.12
Basic EPS - Continuing Operations	0.1	0.14	0.12	0.15	0.12
Basic Weighted Average Shares Outstanding	1.85B	1.86B	2B	2.52B	2.52B
Net EPS - Diluted	0.1	0.14	0.12	0.15	0.12
Diluted EPS - Continuing Operations	0.1	0.14	0.12	0.15	0.12
Diluted Weighted Average Shares Outstanding	1.86B	1.87B	2.01B	2.53B	2.53B
Normalized Basic EPS	0.09	0.12	0.13	0.15	0.13
Normalized Diluted EPS	0.09	0.12	0.13	0.15	0.13
Dividend Per Share	0.05	0.06	0.08	0.09	0.09
Payout Ratio	-	52.7	52.59	52.76	74.59
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	526M	566M	706M	1.05B	992M
EBITA	394M	438M	566M	898M	833M
EBIT	329M	369M	475M	734M	672M
EBITDAR	542M	586M	727M	1.08B	1.02B
Effective Tax Rate - (Ratio)	18.93	19.04	21.62	22.72	24.2
Total Current Taxes	66.6M	54M	78M	86M	94M
Total Deferred Taxes	-23.1M	7.9M	-14M	26M	4M
Normalized Net Income	168M	215M	270M	369M	326M
Interest on Long-Term Debt	27.8M	17M	50M	89M	86M
Non-Cash Pension Expense	-7M	-3.2M	-2M	0	1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.8M	5.4M	5M	7M	8M
Net Rental Expense, Total	16.8M	19.6M	21M	24M	33M
Imputed Operating Lease Interest Expense	2.3M	2.06M	3.34M	6.56M	10.71M
Imputed Operating Lease Depreciation	14.5M	17.54M	17.66M	17.44M	22.29M
Stock-Based Comp., COGS (Total)	2.7M	3.3M	17M	27M	20M
Total Stock-Based Compensation	2.7M	3.3M	17M	27M	20M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.23B	668M	2.17B	1.56B	925M
Short Term Investments	172M	1.6M	1M	1M	2M
Trading Asset Securities, Total	-	-	-	14M	-
Total Cash And Short Term Investments	2.4B	670M	2.17B	1.58B	927M
Accounts Receivable, Total	484M	443M	832M	880M	909M
Other Receivables	46.3M	56.7M	36M	33M	22M
Total Receivables	530M	500M	868M	913M	931M
Inventory	131M	136M	200M	207M	229M
Prepaid Expenses	29.3M	35.4M	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	5.6M	2.5M	-	-	-
Total Current Assets	3.09B	1.34B	3.24B	2.7B	2.09B
Gross Property Plant And Equipment	1.21B	1.23B	1.64B	1.66B	1.64B
Accumulated Depreciation	-595M	-605M	-689M	-708M	-677M
Net Property Plant And Equipment	620M	626M	949M	951M	963M
Long-term Investments	64.4M	29.9M	97M	122M	64M
Goodwill	1.61B	1.84B	5.12B	5.02B	5.16B
Other Intangibles, Total	301M	306M	2.18B	2B	1.93B
Accounts Receivable Long-Term	-	-	90M	45M	57M
Deferred Tax Assets Long-Term	37.7M	41.6M	43M	43M	34M
Deferred Charges Long-Term	80.4M	88.6M	200M	245M	258M
Other Long-Term Assets, Total	32.1M	43.1M	3M	3M	3M
Total Assets	5.84B	4.32B	11.92B	11.13B	10.55B
Liabilities
Accounts Payable, Total	182M	165M	351M	357M	315M
Accrued Expenses, Total	301M	326M	425M	417M	436M
Short-term Borrowings	1.67B	426M	1.29B	730M	553M
Current Portion of Long-Term Debt	172M	32.8M	64M	436M	616M
Current Portion of Leases	72.7M	77.8M	135M	127M	130M
Current Income Taxes Payable	80M	60.5M	60M	48M	43M
Unearned Revenue Current, Total	159M	166M	259M	254M	249M
Other Current Liabilities	316M	135M	260M	210M	233M
Total Current Liabilities	2.96B	1.39B	2.84B	2.58B	2.58B
Long-Term Debt	1.37B	1.26B	3.67B	3.17B	2.53B
Long-Term Leases	142M	139M	332M	318M	315M
Pension & Other Post Retirement Benefits	38.8M	27.3M	30M	28M	25M
Deferred Tax Liability Non Current	94.7M	108M	511M	517M	511M
Other Non Current Liabilities	102M	139M	440M	428M	373M
Total Liabilities	4.71B	3.06B	7.82B	7.04B	6.33B
Common Stock, Total	18.5M	18.6M	25M	25M	25M
Additional Paid In Capital	6.8M	6.8M	9M	14M	15M
Retained Earnings	3.04B	3.17B	3.3B	3.52B	3.61B
Comprehensive Income and Other	-1.94B	-1.93B	763M	532M	583M
Total Common Equity	1.13B	1.26B	4.1B	4.09B	4.23B
Minority Interest	900K	-500K	-1M	-1M	-1M
Total Equity	1.13B	1.26B	4.1B	4.09B	4.23B
Total Liabilities And Equity	5.84B	4.32B	11.92B	11.13B	10.55B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.85B	1.85B	2.5B	2.51B	2.51B
ECS Total Common Shares Outstanding	1.85B	1.85B	2.5B	2.51B	2.51B
Book Value / Share	0.61	0.68	1.64	1.63	1.68
Tangible Book Value	-780M	-886M	-3.2B	-2.93B	-2.86B
Tangible Book Value Per Share	-0.42	-0.48	-1.28	-1.17	-1.14
Total Debt	3.43B	1.93B	5.49B	4.78B	4.14B
Net Debt	1.04B	1.26B	3.32B	3.2B	3.21B
Debt Equivalent of Unfunded Proj. Benefit Obligation	19.8M	8.3M	27M	25M	22M
Debt Equivalent Oper. Leases	134M	157M	168M	192M	264M
Minority Interest, Total (Incl. Fin. Div)	900K	-500K	-1M	-1M	-1M
Equity Method Investments, Total	27.2M	29.7M	53M	44M	37M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	10.8M	12.5M	15M	15M	15M
Inventories - Work In Process, Total	1.8M	2M	2M	3M	3M
Inventories - Finished Goods, Total	119M	121M	183M	189M	211M
Land - (BS)	87.3M	87.5M	127M	122M	124M
Machinery, Total	910M	916M	1.06B	1.08B	1.06B
Full Time Employees	44.5K	46K	58.6K	62.93K	68.48K
Accumulated Allowance for Doubtful Accounts (Supple)	61.4M	49.2M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	186M	263M	232M	381M	307M
Depreciation & Amortization - CF	210M	207M	229M	274M	282M
Amortization of Goodwill and Intangible Assets - (CF)	65.1M	68.7M	91M	164M	161M
Depreciation & Amortization, Total	275M	276M	320M	438M	443M
Amortization of Deferred Charges, Total - (CF)	23.4M	20.8M	27M	33M	34M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	12.9M	1.6M	47M	4M	30M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	1M	-16.7M	-23M	4M	29M
Change In Accounts Receivable	-20.1M	58.7M	37M	-29M	-38M
Change In Inventories	-23.3M	-3.2M	-4M	-15M	-12M
Change In Accounts Payable	78.2M	-43M	-75M	-60M	-101M
Change in Unearned Revenues	12.7M	11.1M	81M	-	-
Change in Other Net Operating Assets	-1.9M	-4.8M	-42M	-19M	-14M
Cash from Operations	544M	563M	600M	737M	678M
Capital Expenditure	-130M	-128M	-153M	-167M	-171M
Sale of Property, Plant, and Equipment	6.3M	7.4M	5M	14M	4M
Cash Acquisitions	-195M	-463M	-1.02B	-242M	-172M
Divestitures	2.2M	-	1M	-	-
Sale (Purchase) of Intangible assets	-22.6M	-32.1M	-37M	-44M	-44M
Investment in Marketable and Equity Securities, Total	-	171M	1M	19M	-1M
Other Investing Activities, Total	11.7M	3.9M	4M	4M	11M
Cash from Investing	-327M	-441M	-1.2B	-416M	-373M
Long-Term Debt Issued, Total	1.69B	4.7M	2.38B	-	-
Total Debt Issued	1.69B	4.7M	2.38B	-	-
Long-Term Debt Repaid, Total	-1.44B	-255M	-948M	-157M	-514M
Total Debt Repaid	-1.44B	-255M	-948M	-157M	-514M
Common Dividends Paid	-	-139M	-122M	-201M	-229M
Common & Preferred Stock Dividends Paid	-	-139M	-122M	-201M	-229M
Other Financing Activities, Total	-194M	-28.5M	10M	-3M	-9M
Cash from Financing	62.2M	-417M	1.32B	-361M	-752M
Foreign Exchange Rate Adjustments	-2.5M	-13.9M	-89M	-7M	-13M
Net Change in Cash	277M	-309M	637M	-47M	-460M
Supplemental Items
Cash Interest Paid	48.6M	41.6M	52M	191M	180M
Cash Income Tax Paid (Refund)	64.4M	68.9M	77M	100M	87M
Levered Free Cash Flow	521M	207M	532M	509M	539M
Unlevered Free Cash Flow	552M	228M	578M	619M	652M
Change In Net Working Capital	-198M	143M	-107M	127M	50M
Net Debt Issued / Repaid	256M	-250M	1.44B	-157M	-514M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.07	4.65	3.65	3.98	3.87
Return on Total Capital	5.25	6.17	4.63	4.98	4.87
Return On Equity %	17.47	21.98	8.65	9.31	7.38
Return on Common Equity	17.48	21.99	8.65	9.31	7.38
Margin Analysis
Gross Profit Margin %	78.52	80.07	80.59	82.75	83.87
SG&A Margin	52.88	54.37	53.9	53.4	54.38
EBITDA Margin %	18.62	19.14	19.01	19.57	18.25
EBITA Margin %	13.94	14.8	15.24	16.71	15.32
EBIT Margin %	11.64	12.48	12.79	13.66	12.36
Income From Continuing Operations Margin %	6.6	8.9	6.25	7.09	5.65
Net Income Margin %	6.6	8.9	6.25	7.09	5.65
Net Avail. For Common Margin %	6.6	8.9	6.25	7.09	5.65
Normalized Net Income Margin	5.94	7.28	7.27	6.87	5.99
Levered Free Cash Flow Margin	18.46	7	14.31	9.48	9.91
Unlevered Free Cash Flow Margin	19.54	7.7	15.56	11.51	11.99
Asset Turnover
Asset Turnover	0.56	0.6	0.46	0.47	0.5
Fixed Assets Turnover	4.58	4.75	4.72	5.67	5.68
Receivables Turnover (Average Receivables)	6.15	6.24	5.47	6.29	6.08
Inventory Turnover (Average Inventory)	5.1	4.41	4.29	4.56	4.02
Short Term Liquidity
Current Ratio	1.05	0.97	1.14	1.05	0.81
Quick Ratio	0.99	0.84	1.07	0.97	0.72
Operating Cash Flow to Current Liabilities	0.18	0.41	0.21	0.29	0.26
Days Sales Outstanding (Average Receivables)	59.52	58.51	66.78	58.06	60.23
Days Outstanding Inventory (Average Inventory)	71.76	82.69	85.05	80.13	90.98
Average Days Payable Outstanding	107.33	106.82	119.96	138.34	136.79
Cash Conversion Cycle (Average Days)	23.96	34.38	31.87	-0.15	14.41
Long Term Solvency
Total Debt/Equity	303.64	152.89	133.92	116.93	97.94
Total Debt / Total Capital	75.23	60.46	57.25	53.9	49.48
LT Debt/Equity	133.88	110.4	97.56	85.3	67.22
Long-Term Debt / Total Capital	33.17	43.65	41.71	39.32	33.96
Total Liabilities / Total Assets	80.63	70.76	65.63	63.26	59.94
EBIT / Interest Expense	6.76	11.08	6.42	4.19	3.71
EBITDA / Interest Expense	12.42	19.35	10.74	6.7	6.16
(EBITDA - Capex) / Interest Expense	9.75	15.51	8.68	5.74	5.22
Total Debt / EBITDA	5.69	3	6.9	4.08	3.71
Net Debt / EBITDA	1.72	1.96	4.17	2.73	2.88
Total Debt / (EBITDA - Capex)	7.25	3.74	8.55	4.76	4.39
Net Debt / (EBITDA - Capex)	2.19	2.44	5.17	3.19	3.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.02	5.47	25.6	44.72	1.13
Gross Profit, 1 Yr. Growth %	3.31	6.77	26.77	48.61	1.88
EBITDA, 1 Yr. Growth %	4.89	10.46	24.51	41.59	-5.7
EBITA, 1 Yr. Growth %	5.32	15.01	28.93	48.92	-7.24
EBIT, 1 Yr. Growth %	11.92	16.96	28.38	43.36	-8.45
Earnings From Cont. Operations, 1 Yr. Growth %	-34.36	41.28	-11.79	64.22	-19.42
Net Income, 1 Yr. Growth %	-34.36	41.28	-11.79	64.22	-19.42
Normalized Net Income, 1 Yr. Growth %	2.37	35.02	25.22	26.01	-11.84
Diluted EPS Before Extra, 1 Yr. Growth %	-34.51	41.28	-18.37	30.93	-19.44
Accounts Receivable, 1 Yr. Growth %	11.22	-12.15	57.87	6.02	3.3
Inventory, 1 Yr. Growth %	23.29	3.35	47.06	3.5	10.63
Net Property, Plant and Equip., 1 Yr. Growth %	1.19	0.87	51.6	0.74	1.26
Total Assets, 1 Yr. Growth %	37.24	-22.57	175.72	-6.82	-5.15
Tangible Book Value, 1 Yr. Growth %	18.51	13.66	261.81	-7.97	-2.49
Common Equity, 1 Yr. Growth %	12.78	11.92	224.03	-0.24	3.42
Cash From Operations, 1 Yr. Growth %	17.56	7.6	6.57	22.83	-8.01
Capital Expenditures, 1 Yr. Growth %	-7.28	-1.62	19.53	9.15	2.4
Levered Free Cash Flow, 1 Yr. Growth %	68.29	-58.39	149	-9.16	5.79
Unlevered Free Cash Flow, 1 Yr. Growth %	59.32	-56.41	146.17	1.94	5.37
Dividend Per Share, 1 Yr. Growth %	258.28	18.11	18.15	14.97	4.72
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.87	4.37	15.11	34.82	20.98
Gross Profit, 2 Yr. CAGR %	6.41	5.03	16.27	37.26	23.07
EBITDA, 2 Yr. CAGR %	5.17	6.28	16.86	34.68	15.16
EBITA, 2 Yr. CAGR %	6.93	8.2	21.25	40.95	17.05
EBIT, 2 Yr. CAGR %	7.74	12.09	25.21	39.35	17.11
Earnings From Cont. Operations, 2 Yr. CAGR %	37.67	-3.7	11.68	20.36	15.03
Net Income, 2 Yr. CAGR %	37.67	-3.7	11.68	20.36	15.03
Normalized Net Income, 2 Yr. CAGR %	2.08	14.64	33.61	29.39	7.96
Diluted EPS Before Extra, 2 Yr. CAGR %	36.58	-3.81	7.39	3.38	2.7
Accounts Receivable, 2 Yr. CAGR %	8.26	0.97	28.41	29.22	4.65
Inventory, 2 Yr. CAGR %	12.8	12.88	23.42	23.37	7
Net Property, Plant and Equip., 2 Yr. CAGR %	19.14	1.03	23.7	23.25	1
Total Assets, 2 Yr. CAGR %	37.64	0.81	46.13	60.42	-5.99
Tangible Book Value, 2 Yr. CAGR %	8.44	16.06	102.64	82.02	-5.27
Common Equity, 2 Yr. CAGR %	16.51	12.35	90.48	79.79	1.57
Cash From Operations, 2 Yr. CAGR %	22.34	10.3	4.64	14.41	6.3
Capital Expenditures, 2 Yr. CAGR %	-6.06	-4.49	8.49	14.22	5.72
Levered Free Cash Flow, 2 Yr. CAGR %	59.44	-18.27	4.59	51.99	-4.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	51.81	-18.91	6.34	59.98	1.55
Dividend Per Share, 2 Yr. CAGR %	10	105.71	18.13	16.55	9.73
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.39	6.14	11.02	24.24	22.5
Gross Profit, 3 Yr. CAGR %	4.6	6.53	11.73	26.18	24.53
EBITDA, 3 Yr. CAGR %	1.46	6	12.11	26.72	19.59
EBITA, 3 Yr. CAGR %	2.16	8.32	14.83	32.62	22.6
EBIT, 3 Yr. CAGR %	1.37	9.23	17.39	34.3	21.14
Earnings From Cont. Operations, 3 Yr. CAGR %	-35.15	38.86	-6.5	27	5.29
Net Income, 3 Yr. CAGR %	-35.15	38.86	-6.5	27	5.29
Normalized Net Income, 3 Yr. CAGR %	-1.53	10.18	18.14	34.67	13.86
Diluted EPS Before Extra, 3 Yr. CAGR %	-35.33	38.13	-8.93	14.73	-4.87
Accounts Receivable, 3 Yr. CAGR %	8.92	2.42	24.15	20.37	19.93
Inventory, 3 Yr. CAGR %	15.92	9.56	23.37	16.39	18.97
Net Property, Plant and Equip., 3 Yr. CAGR %	16.7	12.71	15.69	15.31	15.44
Total Assets, 3 Yr. CAGR %	23.39	11.95	40.99	25.84	34.64
Tangible Book Value, 3 Yr. CAGR %	41.83	10.15	69.46	55.5	47.83
Common Equity, 3 Yr. CAGR %	6.56	14.96	59.95	53.54	49.53
Cash From Operations, 3 Yr. CAGR %	12.74	15.7	9.03	10.38	6.39
Capital Expenditures, 3 Yr. CAGR %	-9.34	-4.6	2.98	8.71	10.14
Levered Free Cash Flow, 3 Yr. CAGR %	17.8	0.3	19.74	1.58	34.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	16.55	-1.65	18.62	6.59	39.2
Dividend Per Share, 3 Yr. CAGR %	11.72	12.64	71	17.07	12.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.93	6.4	9.01	16.8	14.9
Gross Profit, 5 Yr. CAGR %	8.88	5.73	9.09	17.83	16.26
EBITDA, 5 Yr. CAGR %	5.16	2.97	7.01	17.23	14.64
EBITA, 5 Yr. CAGR %	9.83	7.79	8.91	21.13	17.38
EBIT, 5 Yr. CAGR %	8.67	7.47	8.53	20.99	18.01
Earnings From Cont. Operations, 5 Yr. CAGR %	8.43	9.42	-19.42	31.12	1.58
Net Income, 5 Yr. CAGR %	8.43	9.42	-19.42	31.12	1.58
Normalized Net Income, 5 Yr. CAGR %	8.08	8.88	8.99	18.09	14.74
Diluted EPS Before Extra, 5 Yr. CAGR %	7.94	9.13	-20.78	23.01	-4.45
Accounts Receivable, 5 Yr. CAGR %	12.35	7	17.32	16.36	15.89
Inventory, 5 Yr. CAGR %	18.71	11.15	18.86	14.94	16.55
Net Property, Plant and Equip., 5 Yr. CAGR %	5.39	8.49	19.45	16.83	9.46
Total Assets, 5 Yr. CAGR %	21.99	11.2	30.85	29.28	19.93
Tangible Book Value, 5 Yr. CAGR %	5.49	7.17	63.59	34.62	34.15
Common Equity, 5 Yr. CAGR %	39.7	28.52	34.43	37.49	33.38
Cash From Operations, 5 Yr. CAGR %	11.2	9.29	9.58	15.18	7.93
Capital Expenditures, 5 Yr. CAGR %	-3.99	-7.25	-2.57	2.56	4.07
Levered Free Cash Flow, 5 Yr. CAGR %	29.87	65.42	10.77	19.96	11.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.33	37.09	10.65	20.92	13.5
Dividend Per Share, 5 Yr. CAGR %	13.05	13.65	14.24	14.19	43.19