RB Global, Inc. Financial Statements — RBA Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	357	396	438	467	481	516	1,127	971	1,170	1,319	1,377	1,417	1,734	3,680	4,284
+ Sales & Services Revenue	357	396	438	467	481	516	1,127	971	1,170	1,319	1,377	1,417	1,734	3,680	4,284
- Cost of Revenue	47	48	50	54	58	56	627	440	533	646	616	603	777	1,901	2,280
+ Cost of Goods & Services	47	48	50	54	58	56	627	440	533	646	616	603	777	1,901	2,280
Gross Profit	310	348	388	413	423	460	500	532	637	673	762	814	957	1,778	2,005
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	219	240	269	287	293	296	324	376	449	453	492	544	637	1,096	1,218
+ Selling, General & Admin	181	202	227	244	248	254	284	323	383	382	418	456	540	744	774
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	38	38	42	43	45	42	41	53	67	71	75	88	97	352	444
Operating Income (Loss)	92	108	119	126	130	163	176	156	187	220	269	270	320	682	786
- Non-Operating (Income) Loss	1	- -	7	-8	1	-13	45	78	35	29	33	64	-86	400	236
+ Interest Expense, Net	3	3	4	5	3	2	4	35	45	41	36	36	51	192	208
+ Interest Expense	5	6	7	7	5	5	6	38	45	41	36	37	58	214	234
- Interest Income	2	2	2	3	2	3	2	3	- -	- -	- -	1	7	22	26
+ Other Non-Op (Income) Loss	-2	-3	3	-13	-2	-15	42	43	-10	-12	-2	29	-137	208	29
Pretax Income	90	108	112	135	129	176	130	77	153	191	236	205	406	282	550
- Income Tax Expense (Benefit)	25	31	32	40	36	38	37	2	31	42	66	53	86	76	137
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	66	77	80	94	93	139	94	75	122	149	170	152	320	206	413
- Net Extraordinary Losses (Gains)	- -	- -	- -	2	3	5	3	1	- -	- -	1	- -	- -	-1	-1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	2	3	5	3	1	- -	- -	1	- -	- -	-1	-1
Income (Loss) Incl. MI	66	77	80	93	89	134	90	75	121	149	170	152	320	207	413
- Minority Interest	- -	- -	- -	-1	-2	-2	-2	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	66	77	80	94	91	136	92	75	121	149	170	152	320	206	413
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24	27
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	66	77	80	94	91	136	92	75	121	149	170	152	320	182	386
Basic Weighted Avg Shares	106	106	106	107	107	107	107	107	108	109	109	110	111	167	184
Basic EPS, GAAP	0.62	0.72	0.75	0.88	0.85	1.27	0.86	0.7	1.12	1.37	1.56	1.38	2.89	1.09	2.1
Basic EPS from Cont Ops	0.62	0.72	0.75	0.88	0.86	1.29	0.88	0.7	1.12	1.37	1.56	1.38	2.89	1.23	2.24
Diluted Weighted Avg Shares	106	107	107	107	108	107	107	108	109	110	110	111	112	168	185
Diluted EPS, GAAP	0.62	0.72	0.74	0.87	0.85	1.27	0.85	0.69	1.11	1.36	1.54	1.36	2.86	1.08	2.09
Diluted EPS from Cont Ops	0.62	0.72	0.74	0.88	0.86	1.29	0.87	0.7	1.11	1.36	1.54	1.36	2.86	1.22	2.23
EBITDA	129	150	160	170	175	205	217	208	254	303	356	370	437	1,145	1,385
EBITDA Margin (%)	36.19	37.96	36.6	36.3	36.37	39.83	19.24	21.44	21.7	22.96	25.88	26.15	25.18	31.11	32.33
EBITA	92	108	119	126	130	163	176	156	187	220	269	270	320	682	786
EBIT	92	108	119	126	130	163	176	156	187	220	269	270	320	682	786
Gross Margin (%)	86.84	87.87	88.65	88.45	87.97	89.14	44.4	54.73	54.41	51.02	55.3	57.44	55.2	48.33	46.79
Operating Margin (%)	25.61	27.25	27.21	27.04	27.12	31.68	15.61	16.02	16.01	16.68	19.55	19.04	18.46	18.55	18.36
Profit Margin (%)	18.38	19.35	18.16	20.03	18.91	26.4	8.15	7.73	10.38	11.3	12.35	10.72	18.45	5.61	9.64
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.41	0.44	0.47	0.5	0.54	0.6	0.66	0.68	0.7	0.76	0.84	0.94	1.04	1.97	1.31
Depreciation Expense	38	42	41	43	45	42	41	53	67	83	87	101	117	462	599

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	183	254	346	398	395	430	378	508	604	680	557	762	963	1,814	1,715
+ Cash, Cash Equivalents & STI	68	109	178	234	140	210	208	268	238	360	279	326	494	576	534
+ Cash & Cash Equivalents	68	109	178	234	140	210	208	268	238	360	279	326	494	576	534
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	75	74	84	88	79	62	66	112	136	144	136	166	186	742	740
+ Accounts Receivable, Net	60	33	46	61	61	50	45	78	113	127	112	123	144	316	302
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	7	8	22	35
+ Other Receivable, Net	15	40	37	27	19	12	21	34	23	17	24	36	34	404	402
+ Inventories	27	49	61	52	43	58	28	38	113	65	86	102	103	166	122
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	-3	-4	-6	-7
+ Other Inventory	27	49	61	52	43	58	28	38	113	65	88	105	108	173	129
+ Other ST Assets	13	22	23	23	133	100	75	91	117	111	55	167	180	330	320
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	690	713	787	764	727	690	1,222	1,509	1,449	1,550	1,795	2,831	1,901	10,223	10,092
+ Property, Plant & Equip, Net	627	644	656	631	581	529	515	527	487	601	609	564	582	2,676	2,804
+ Property, Plant & Equip	777	828	870	871	840	783	792	831	799	941	976	947	975	3,147	3,355
- Accumulated Depreciation	150	183	214	241	260	254	277	305	312	340	368	383	393	470	550
+ LT Investments & Receivables	- -	- -	7	7	3	6	7	7	4	4	- -	- -	2	13	12
+ LT Investments	- -	- -	7	7	3	6	7	7	4	4	- -	- -	2	13	12
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	63	69	124	127	143	155	699	975	958	945	1,186	2,267	1,316	7,534	7,276
+ Total Intangible Assets	46	46	110	121	128	138	170	932	917	906	1,142	1,298	1,272	7,451	7,180
+ Goodwill	46	46	84	83	82	91	98	671	672	672	841	948	949	4,537	4,512
+ Other Intangible Assets	- -	- -	26	38	46	47	72	261	246	233	301	351	323	2,914	2,669
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	16	23	15	6	15	17	529	43	41	39	45	969	45	83	95
Total Assets	873	967	1,132	1,162	1,122	1,120	1,600	2,017	2,052	2,229	2,352	3,593	2,864	12,037	11,807
+ Payables & Accruals	136	178	210	254	246	234	229	365	407	478	475	577	729	1,155	1,140
+ Accounts Payable	88	22	34	31	47	38	39	78	93	73	76	86	54	139	140
+ Accrued Taxes	2	37	36	41	40	38	33	26	35	48	67	59	91	72	90
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	46	119	140	182	160	158	157	261	278	358	332	432	584	944	910
+ ST Debt	1	13	39	34	8	56	24	24	33	23	40	10	56	170	171
+ ST Borrowings	1	13	39	34	8	56	24	24	33	23	40	10	34	28	32
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22	142	139
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	10	18	21
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	18	21
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -
Total Current Liabilities	137	191	250	288	254	290	253	388	440	501	515	588	795	1,343	1,331
+ LT Debt	136	134	201	147	111	55	596	804	708	755	756	1,858	704	4,469	4,116
+ LT Borrowings	136	134	201	147	111	55	596	796	698	627	626	1,734	577	3,062	2,622
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	8	10	128	130	124	127	1,408	1,494
+ Other LT Liabilities	20	-593	26	32	47	43	59	80	68	66	68	76	74	716	643
+ Accrued Liabilities	18	21	20	24	34	31	17	32	36	43	45	52	54	683	609
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	2	-614	5	8	13	12	42	48	33	24	23	23	20	33	35
Total Noncurrent Liabilities	156	-459	226	179	158	98	655	884	777	821	825	1,933	778	5,185	4,759
Total Liabilities	293	-269	476	468	412	388	908	1,273	1,217	1,322	1,339	2,522	1,574	6,528	6,091
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	17	25	- -	- -	- -	- -	- -	- -	- -	482	482
+ Share Capital & APIC	125	139	146	157	173	159	153	180	239	247	250	287	332	4,142	4,258
+ Common Stock	- -	116	119	126	141	132	125	139	182	195	200	228	246	4,054	4,163
+ Additional Paid in Capital	125	23	27	30	31	28	28	41	57	52	49	60	85	88	95
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	450	481	510	550	536	601	601	603	648	714	792	840	1,043	918	1,090
+ Other Equity	5	-2	1	-13	-17	-57	-67	-43	-56	-59	-34	-56	-85	-44	-125
Equity Before Minority Interest	580	1,236	657	694	707	728	687	740	831	902	1,007	1,071	1,290	5,499	5,706
+ Minority/Non Controlling Interest	- -	- -	- -	1	2	4	5	5	5	5	5	- -	- -	11	10
Total Equity	580	1,236	657	695	709	732	692	745	836	907	1,012	1,071	1,290	5,509	5,716
Total Liabilities & Equity	873	967	1,132	1,162	1,122	1,120	1,600	2,017	2,052	2,229	2,352	3,593	2,864	12,037	11,807
Shares Outstanding	106	106	107	107	108	107	107	107	109	109	110	111	111	183	185
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	8	10	128	130	124	149	1,550	1,633
Net Debt	69	37	62	-53	-21	-100	412	552	493	291	387	1,417	116	2,513	2,120
Net Debt to Equity	11.86	3.01	9.47	-7.59	-2.98	-13.64	59.52	74.12	59.05	32.03	38.23	132.34	9.01	45.62	37.09
Tangible Common Equity Ratio	64.58	129.15	53.46	55.08	56.77	57.96	36.51	-17.25	-7.18	0.1	-10.67	-9.9	1.17	-52.85	-42.06
Current Ratio	1.33	1.33	1.38	1.38	1.55	1.48	1.5	1.31	1.37	1.36	1.08	1.3	1.21	1.35	1.29
Cash Conversion Cycle	-498.23	47.08	270.61	162.91	51.01	152.75	17.29	3.64	30.26	32.71	33.91	39.85	43.54	30.73	26.61
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	66	77	80	94	93	139	94	75	122	149	170	152	320	206	413
+ Depreciation & Amortization	38	42	41	43	45	42	41	53	67	83	87	101	117	462	599
+ Non-Cash Items	-27	-15	-25	-2	14	-9	33	9	22	24	29	41	-124	20	20
+ Stock-Based Compensation	3	4	4	5	4	4	7	17	20	13	17	31	42	56	62
+ Deferred Income Taxes	3	5	2	3	3	-5	-3	-17	6	9	9	4	- -	-66	-69
+ Asset Impairment Charge	- -	- -	2	1	10	- -	28	9	- -	- -	- -	- -	- -	7	15
+ Other Non-Cash Adj	-33	-24	-34	-10	-3	-9	- -	- -	-4	3	4	5	-166	23	12
+ Chg in Non-Cash Work Cap	-37	37	38	11	-2	25	11	10	-66	77	-29	24	151	-144	-100
+ (Inc) Dec in Accts Receiv	-19	-1	-9	-4	-1	13	-4	-25	-30	-9	22	-25	-27	-43	-6
+ (Inc) Dec in Inventories	-20	-23	-11	9	4	-18	27	-9	-77	45	-18	-22	-7	-11	26
+ (Inc) Dec in Prepaid Assets	-2	1	-4	7	-4	- -	-7	1	1	-3	2	-18	3	-65	- -
+ Inc (Dec) in Accts Payable	1	69	56	44	12	1	-2	44	50	54	-26	99	193	125	8
+ Inc (Dec) in Other	3	-8	7	-45	-13	29	-2	-1	-9	-9	-9	-10	-10	-149	-128
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	40	141	134	147	149	196	178	148	144	333	258	318	463	544	932
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	8	10	6	14	9	17	7	5	11	6	16	2	166	33	3
+ Disp of Fixed Prod Assets	8	10	6	14	9	17	7	5	11	6	16	2	166	33	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-62	-77	-62	-52	-39	-31	-36	-39	-43	-41	-43	-44	-72	-346	-277
+ Acq of Fixed Prod Assets	-62	-77	-59	-36	-25	-22	-19	-11	-17	-14	-14	-10	-32	-228	-167
+ Acq of Intangible Assets	- -	- -	-4	-16	-14	-9	-18	-29	-26	-27	-29	-34	-40	-118	-110
+ Net Change in LT Investment	- -	- -	- -	- -	- -	-3	- -	- -	6	- -	2	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	2	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-56	- -	- -	-15	-46	-676	6	- -	-248	-171	- -	-2,779	-9
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	2	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-56	- -	- -	-15	-46	-676	- -	- -	-250	-171	- -	-2,779	-9
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1	-3	1	10	-1	3	-41	-1	-11	-1	-3	-2	-16	-16	-19
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-55	-70	-111	-28	-30	-29	-117	-711	-31	-36	-277	-214	77	-3,108	-302
+ Dividends Paid	-43	-46	-50	-54	-58	-64	-70	-73	-76	-83	-92	-104	-115	-328	-240
+ Net Cash From Debt	-4	11	91	-50	-56	3	507	196	-82	-99	-2	1,091	-1,141	2,539	-478
+ Cash From Debt	47	56	145	19	46	11	715	332	20	13	51	1,107	- -	3,213	3
+ Repayments of Debt	-50	-45	-54	-69	-101	-9	-207	-136	-102	-112	-52	-16	-1,141	-674	-481
+ Cash (Repurchase) of Equity	3	10	2	6	12	-18	-12	10	29	-1	-53	- -	- -	- -	- -
+ Increase in Capital Stock	3	10	2	6	12	30	24	10	29	41	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-47	-37	- -	- -	-42	-53	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	-1	-20	-14	-5	-5	35	-26	-2	466	73
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-43	-25	43	-98	-102	-81	404	119	-134	-187	-111	961	-1,258	2,676	-646
Effect of Foreign Exchange Rates	3	-5	2	1	-19	-26	- -	17	-5	5	17	-9	-19	10	-24
Net Changes in Cash	-58	46	67	21	17	86	465	-444	-21	110	-130	1,064	-718	112	-15
Capital Expenditures	-62	-77	-62	-52	-39	-31	-36	-39	-43	-41	-43	-44	-72	-346	-277
EBITDA	129	150	160	170	175	205	217	208	254	303	356	370	437	1,145	1,385
EBITDA Margin (%)	36.19	37.96	36.6	36.3	36.37	39.83	19.24	21.44	21.7	22.96	25.88	26.15	25.18	31.11	32.33
Net Cash Paid for Acquisitions	- -	- -	56	- -	- -	15	46	676	-6	- -	248	171	- -	2,779	9
Free Cash Flow	-22	64	72	95	110	166	141	108	101	292	215	274	391	198	655
Free Cash Flow to Firm	-18	68	77	100	114	170	145	145	137	324	240	301	437	354	830
Free Cash Flow to Equity	-17	86	173	75	95	201	648	338	56	227	258	1,400	-545	3,345	262
Free Cash Flow per Basic Share	-0.21	0.6	0.67	0.89	1.03	1.55	1.32	1.01	0.94	2.69	1.97	2.48	3.53	1.18	3.56
Price/Free Cash Flow	17.65	8.19	8.8	9.83	12.5	9.46	14.47	15.02	16.92	11.4	23.41	17.61	11.47	12.47	13.82
Cash Flow to Net Income	0.61	1.84	1.69	1.57	1.64	1.44	1.93	1.97	1.19	2.23	1.52	2.09	1.45	2.63	2.26

RB Global, Inc.

Income Statement

Balance Sheet

Cash Flow Statement