Rentokil Initial plc (LSE:RTO) Annual Report 2021



The latest annual report of Rentokil Initial plc (RTO) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - RTO Annual Results

Amounts in GBP

Total Revenue
2.96B
Gross Profit
2.37B
EBIT
368.9M
Net Tangible Assets
-886.3M
Net Income
263.2M
Capital Expenditures
-127.8M

RTO Income Statement 2021 Annual Report

As per the latest Income Statement of RTO, the Net revenue increased by £153.30M (5%) compared to the previous period. The operating income in 2021 increased by £53.50M (17%). The net income as per the annual report was 263.2M which increased by £76.90M (41%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.96B2.8B
Gross Profit2.37B2.22B
Operating Income368.9M315.4M
Income Before Tax325.1M229.8M
Net Income263.2M186.3M

Balance Sheet - RTO 2021 Annual Report

Read further: RTO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Rentokil Initial plc showed the company reduced the cash on balance sheet by £-1.2811B (-66%). The Net tangible assets of RTO on the balance sheet were at -886.3M which is £-106.50M (-14%) less than previous annual report. The total stockholder equity also increased by £134.70M (12%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash668.4M1.95B
Total Assets4.32B 5.58B
Long Term Debt1.3B1.37B
Total Liabilities3.06B 4.45B
Total Shareholder Equity1.26B1.13B
Net Tangible Assets-886.3M-779.8M

Cash Flow Statement - RTO 2021 Annual Report

The 2021 annual cash flow statement of Rentokil Initial plc showed that the net income increased by £76.90M (41%) compared to previous reporting period. Also the capital expenditure of RTO increased by £2.10M (2%).

As of 2021, the total cash from investing activities was -441.1M and total cash from financing activities was -417.1M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income263.2M186.3M
Capital Expenditures-127.8M-129.9M
Dividends Paid-138.7M-138.7M
Total Cash From From Investing Activities-441.1M-497.5M
Total Cash From From Financing Activities-417.1M253.5M

Rentokil Initial plc Annual Report History

Income Statement

Income Statement history of Rentokil Initial plc (LSE:RTO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.96B2.8B2.71B2.47B
Cost Of Revenue589.3M586.2M568.3M514.2M
Gross Profit2.37B2.22B2.15B1.96B
Research Development----
Selling General Administrative1.61B1.5B1.52B1.36B
Non Recurring----
Other Operating Expenses173M180.9M115.3M102.8M
Total Operating Expenses2.59B2.49B2.42B2.19B
Operating Income368.9M315.4M293.6M283.1M
Total Other Income Expense Net-43.8M-85.6M44.9M-397.2M
Ebit368.9M315.4M293.6M283.1M
Interest Expense-33.3M-40.3M-58.4M-54.9M
Income Before Tax325.1M229.8M338.5M-114.1M
Income Tax Expense61.9M43.5M54.7M-15.8M
Minority Interest-500k900k600k400k
Net Income From Continuing Ops263.2M186.3M283.8M-98.3M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income263.2M186.3M283.8M-98.3M
Net Income Applicable To Common Shares263.2M186.3M283.8M-98.3M

Balance Sheet Statement

Balance Sheet Statement history of Rentokil Initial plc (LSE:RTO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash668.4M1.95B1.17B129.8M
Short Term Investments1.6M172.2M1.7M2.5M
Net Receivables500M550.9M477.6M469.1M
Inventory135.7M131.3M106.5M103.2M
Other Current Assets2.5M5.6M100k4.2M
Total Current Assets1.34B2.84B1.79B741.5M
Long Term Investments29.9M64.4M37.6M291.9M
Property Plant Equipment625.6M620.2M612.9M436.9M
Good Will1.84B1.61B1.34B1.16B
Intangible Assets306.5M301.1M317.2M338.6M
Other Assets173.3M150.2M158.5M115.8M
Deferred Long Term Asset Charges41.6M37.7M29.3M3.5M
Total Assets4.32B5.58B4.25B3.08B
Accounts Payable165.2M182.3M187.9M179.4M
Short Long Term Debt32.8M192.9M48.9M478.2M
Other Current Liab361.4M555.2M338M326.5M
Long Term Debt1.3B1.37B1.1B716.8M
Other Liab232.5M236M235M260.2M
Deferred Long Term Liab88.6M80.4M79.1M74.6M
Minority Interest-500k900k600k400k
Total Current Liabilities1.39B2.7B1.78B1.24B
Total Liab3.06B4.45B3.25B2.25B
Common Stock18.6M18.5M18.5M18.4M
Retained Earnings3.17B3.04B2.85B2.64B
Treasury Stock-1.93B-1.94B-1.88B-1.83B
Capital Surplus6.8M6.8M6.8M6.8M
Other Stockholder Equity-1.93B-1.94B-1.88B-1.83B
Total Stockholder Equity1.26B1.13B1B832.2M
Net Tangible Assets-886.3M-779.8M-658M-663.2M

Cash Flow Statement

Cash Flow Statement history of Rentokil Initial plc (LSE:RTO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income263.2M186.3M283.8M-98.3M
Depreciation275.5M275M286.4M192.1M
Change To Netincome-15.1M13.9M-109.9M257.5M
Change To Account Receivables58.7M-40.9M-38.2M-14.4M
Change To Liabilities-31.9M90.9M37.1M28M
Change To Inventory-3.2M-23.3M-3.6M-10.9M
Change To Operating Activities-4.8M-1.9M-6.3M-6.9M
Total Cash From Operating Activities563.2M523.4M462.9M363.6M
Capital Expenditures-127.8M-129.9M-140.1M-147.2M
Investments170.6M-170.5M-170.5M-170.5M
Other Cashflows From Investing Activities3.9M11.7M30.4M11.9M
Total Cashflows From Investing Activities-441.1M-497.5M-61.1M-456.8M
Dividends Paid-138.7M-138.7M-85.8M-74.2M
Net Borrowings-249.9M277.2M-124.5M-33.4M
Other Cashflows From Financing Activities-28.5M-23.7M-11M-8.1M
Total Cash From Financing Activities-417.1M253.5M-221.3M-115.7M
Effect Of Exchange Rate-13.9M-2.5M-7.5M5.7M
Change In Cash-308.9M276.9M173M-203.2M