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)

2021 2020
Total Revenue 2.96B 2.8B
Gross Profit 2.37B 2.22B
Operating Income 368.9M 315.4M
Income Before Tax 325.1M 229.8M
Net Income 263.2M 186.3M

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)

2021 2020
Cash 668.4M 1.95B
Total Assets 4.32B 5.58B
Long Term Debt 1.3B 1.37B
Total Liabilities 3.06B 4.45B
Total Shareholder Equity 1.26B 1.13B
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)

2021 2020
Net Income 263.2M 186.3M
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 -417.1M 253.5M

Rentokil Initial plc Annual Report History

Income Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 2.96B 2.8B 2.71B 2.47B
Cost Of Revenue 589.3M 586.2M 568.3M 514.2M
Gross Profit 2.37B 2.22B 2.15B 1.96B
Research Development - - - -
Selling General Administrative 1.61B 1.5B 1.52B 1.36B
Non Recurring - - - -
Other Operating Expenses 173M 180.9M 115.3M 102.8M
Total Operating Expenses 2.59B 2.49B 2.42B 2.19B
Operating Income 368.9M 315.4M 293.6M 283.1M
Total Other Income Expense Net -43.8M -85.6M 44.9M -397.2M
Ebit 368.9M 315.4M 293.6M 283.1M
Interest Expense -33.3M -40.3M -58.4M -54.9M
Income Before Tax 325.1M 229.8M 338.5M -114.1M
Income Tax Expense 61.9M 43.5M 54.7M -15.8M
Minority Interest -500k 900k 600k 400k
Net Income From Continuing Ops 263.2M 186.3M 283.8M -98.3M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 263.2M 186.3M 283.8M -98.3M
Net Income Applicable To Common Shares 263.2M 186.3M 283.8M -98.3M

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 668.4M 1.95B 1.17B 129.8M
Short Term Investments 1.6M 172.2M 1.7M 2.5M
Net Receivables 500M 550.9M 477.6M 469.1M
Inventory 135.7M 131.3M 106.5M 103.2M
Other Current Assets 2.5M 5.6M 100k 4.2M
Total Current Assets 1.34B 2.84B 1.79B 741.5M
Long Term Investments 29.9M 64.4M 37.6M 291.9M
Property Plant Equipment 625.6M 620.2M 612.9M 436.9M
Good Will 1.84B 1.61B 1.34B 1.16B
Intangible Assets 306.5M 301.1M 317.2M 338.6M
Other Assets 173.3M 150.2M 158.5M 115.8M
Deferred Long Term Asset Charges 41.6M 37.7M 29.3M 3.5M
Total Assets 4.32B 5.58B 4.25B 3.08B
Accounts Payable 165.2M 182.3M 187.9M 179.4M
Short Long Term Debt 32.8M 192.9M 48.9M 478.2M
Other Current Liab 361.4M 555.2M 338M 326.5M
Long Term Debt 1.3B 1.37B 1.1B 716.8M
Other Liab 232.5M 236M 235M 260.2M
Deferred Long Term Liab 88.6M 80.4M 79.1M 74.6M
Minority Interest -500k 900k 600k 400k
Total Current Liabilities 1.39B 2.7B 1.78B 1.24B
Total Liab 3.06B 4.45B 3.25B 2.25B
Common Stock 18.6M 18.5M 18.5M 18.4M
Retained Earnings 3.17B 3.04B 2.85B 2.64B
Treasury Stock -1.93B -1.94B -1.88B -1.83B
Capital Surplus 6.8M 6.8M 6.8M 6.8M
Other Stockholder Equity -1.93B -1.94B -1.88B -1.83B
Total Stockholder Equity 1.26B 1.13B 1B 832.2M
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 263.2M 186.3M 283.8M -98.3M
Depreciation 275.5M 275M 286.4M 192.1M
Change To Netincome -15.1M 13.9M -109.9M 257.5M
Change To Account Receivables 58.7M -40.9M -38.2M -14.4M
Change To Liabilities -31.9M 90.9M 37.1M 28M
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 Activities 563.2M 523.4M 462.9M 363.6M
Capital Expenditures -127.8M -129.9M -140.1M -147.2M
Investments 170.6M -170.5M -170.5M -170.5M
Other Cashflows From Investing Activities 3.9M 11.7M 30.4M 11.9M
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 -249.9M 277.2M -124.5M -33.4M
Other Cashflows From Financing Activities -28.5M -23.7M -11M -8.1M
Total Cash From Financing Activities -417.1M 253.5M -221.3M -115.7M
Effect Of Exchange Rate -13.9M -2.5M -7.5M 5.7M
Change In Cash -308.9M 276.9M 173M -203.2M