Rollins Inc. Files Q3 2024 10-Q

TL;DR

Rollins Inc. 10-Q filed for Q3 2024. Atlanta HQ. Full financials out.

AI Summary

Rollins Inc. filed its 10-Q for the period ending September 30, 2024. The company's fiscal year ends on December 31st. Key financial data and business addresses are provided in the filing, with the company headquartered in Atlanta, GA.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details for Rollins Inc., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• 30324 — ZIP Code (Company Business Address)
• 4048882000 — Phone Number (Company Business Phone)

Key Players & Entities

• ROLLINS INC (company) — Filer
• 20240930 (date) — Period of Report
• 20241024 (date) — Filing Date
• Atlanta, GA (location) — Company Headquarters

FAQ

Key Financial Figures

• $1 — ins, Inc. had 484,305,016 shares of its $1 par value Common Stock outstanding as o

Filing Documents

• rol-20240930.htm (10-Q) — 1327KB
• rol-20240930xexx311.htm (EX-31.1) — 9KB
• rol-20240930xexx312.htm (EX-31.2) — 9KB
• rol-20240930xexx321.htm (EX-32.1) — 6KB
• rol-20240930_g1.jpg (GRAPHIC) — 39KB
• rol-20240930_g2.jpg (GRAPHIC) — 39KB
• rol-20240930_g3.jpg (GRAPHIC) — 39KB
• rol-20240930_g4.jpg (GRAPHIC) — 39KB
• 0000084839-24-000106.txt ( ) — 6116KB
• rol-20240930.xsd (EX-101.SCH) — 33KB
• rol-20240930_cal.xml (EX-101.CAL) — 63KB
• rol-20240930_def.xml (EX-101.DEF) — 157KB
• rol-20240930_lab.xml (EX-101.LAB) — 502KB
• rol-20240930_pre.xml (EX-101.PRE) — 331KB
• rol-20240930_htm.xml (XML) — 693KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 3 CONDENSED CONSOLIDATED STATEMENTS OF INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 5 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY 7 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 8 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 9 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 19 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 PART II OTHER INFORMATION 34 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 34 ITEM 1A.

RISK FACTORS

RISK FACTORS 34 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 35 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 35 ITEM 4. MINE SAFETY DISCLOSURES 35 ITEM 5. OTHER INFORMATION 36 ITEM 6. EXHIBITS 37

SIGNATURES

SIGNATURES 38 2 Table of Contents ROLLINS, INC. AND SUBSIDIARIES PART 1 FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023 (in thousands except share data) (unaudited) September 30, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 95,282 $ 103,825 Trade receivables, net of allowance for expected credit losses of $ 18,548 and $ 15,797 , respectively 226,452 178,214 Financed receivables, short-term, net of allowance for expected credit losses of $ 2,271 and $ 1,874 , respectively 39,289 37,025 Materials and supplies 39,283 33,383 Other current assets 86,196 54,192 Total current assets 486,502 406,639 Equipment and property, net of accumulated depreciation of $ 378,768 and $ 360,421 , respectively 129,168 126,661 Goodwill 1,135,122 1,070,310 Customer contracts, net 381,197 386,152 Trademarks & tradenames, net 151,294 151,368 Other intangible assets, net 8,230 8,214 Operating lease right-of-use assets 391,626 323,390 Financed receivables, long-term, net of allowance for expected credit losses of $ 5,354 and $ 3,728 , respectively 87,880 75,909 Other assets 45,179 46,817 Total assets $ 2,816,198 $ 2,595,460 LIABILITIES Accounts payable $ 58,217 $ 49,200 Accrued insurance - current 50,106 46,807 Accrued compensation and related liabilities 108,227 114,355 Unearned revenues 201,909 172,380 Operating lease liabilities - current 113,727 92,203 Other current liabilities 89,882 101,744 Total current liabilities 622,068 576,689 Accrued insurance, less current portion 57,510 48,060 Operating lease liabilities, less current portion 280,555 233,369 Long-term debt 445,176 490,776 Other long-term accrued liabilities 93,112 90,999 Total liabilities 1,498,421 1,439,893 Commitments and contingencies (see Note 9) STOCKHOLDERS' EQUITY Preferred stock, without par value; 500,000 shares authorized, zero shares issued — — Common stock, par value $ 1 per share; 800,000,000 shares authorized, 484,305,525 and 484,080,014 shares is

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View this 10-Q filing on SEC EDGAR