$ROL

ROLLINS INC

CIK:0000084839|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES
Revenue from contract with customer, product and service [extensible enumeration]	Customer Services [Member]	Customer Services [Member]	Customer Services [Member]	Customer Services [Member]
Customer services	$ 1,078,576	$ 999,527	$ 1,985,000	$ 1,822,031
COSTS AND EXPENSES
Cost of services provided (exclusive of depreciation and amortization below)	508,630	461,861	954,152	861,995
Sales, general and administrative	334,977	307,596	617,895	558,109
Depreciation and amortization	33,610	31,737	66,108	60,946
Total operating expenses	877,217	801,194	1,638,155	1,481,050
OPERATING INCOME	201,359	198,333	346,845	340,981
Interest expense, net	9,391	7,380	18,242	13,176
Other expense (income), net	2,214	(292)	1,751	(984)
CONSOLIDATED INCOME BEFORE INCOME TAXES	189,754	191,245	326,852	328,789
PROVISION FOR INCOME TAXES	45,844	49,756	75,104	82,052
NET INCOME	$ 143,910	$ 141,489	$ 251,748	$ 246,737
NET INCOME PER SHARE - BASIC (in USD per share)	$ 0.30	$ 0.29	$ 0.52	$ 0.51
NET INCOME PER SHARE - DILUTED (in USD per share)	$ 0.30	$ 0.29	$ 0.52	$ 0.51
Weighted average shares outstanding - basic (in shares)	481,375	484,643	481,380	484,530
Weighted average shares outstanding - diluted (in shares)	481,389	484,674	481,397	484,559
DIVIDENDS PAID PER SHARE (in USD per share)	$ 0.1825	$ 0.1650	$ 0.3650	$ 0.3300

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 251,748	$ 246,737
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	66,108	60,946
Stock-based compensation expense	21,495	19,809
Provision for expected credit losses	17,359	16,461
Loss (gain) on sale of assets, net	2,135	(984)
Provision for deferred income taxes	2,053	12,470
Other operating activities, net	1,778	(1,223)
Changes in operating assets and liabilities:
Trade accounts receivable	(52,765)	(44,654)
Financing receivables	(12,412)	(12,927)
Materials and supplies	(252)	(2,086)
Other current assets	(67,288)	(18,062)
Accounts payable and accrued expenses	47,996	43,967
Unearned revenue	8,454	17,893
Other long-term assets and liabilities	4,464	(16,333)
Net cash provided by operating activities	290,873	322,014
INVESTING ACTIVITIES
Acquisitions, net of cash acquired	(135,255)	(253,578)
Capital expenditures	(13,568)	(13,857)
Proceeds from sale of assets	1,121	3,470
Other investing activities, net	1,493	874
Net cash used in investing activities	(146,209)	(263,091)
FINANCING ACTIVITIES
Payment of contingent consideration	(9,495)	(3,447)
Issuance of senior notes	0	492,215
Borrowings under revolving commitment	0	11,000
Borrowings under commercial paper, net	101,488	59,989
Repayments of revolving commitment	0	(408,000)
Payment of debt issuance costs	0	(5,986)
Payment of dividends	(175,941)	(159,373)
Cash paid for common stock purchased	(42,826)	(14,922)
Other financing activities, net	(7,948)	(46)
Net cash used in financing activities	(134,722)	(28,570)
Effect of exchange rate changes on cash	(861)	3,052
Net increase in cash and cash equivalents	9,081	33,405
Cash and cash equivalents at beginning of period	100,004	89,630
Cash and cash equivalents at end of period	109,085	123,035
Supplemental disclosure of cash flow information:
Cash paid for interest	17,729	5,211
Cash paid for income taxes, net	134,763	85,017
Non-cash additions to operating lease right-of-use assets	$ 58,896	$ 70,534

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 109,085	$ 100,004
Trade receivables, net of allowance for expected credit losses of $21,002 and $23,528, respectively	238,989	202,518
Financed receivables, short-term, net of allowance for expected credit losses of $3,655 and $3,112, respectively	49,261	44,723
Materials and supplies	42,807	42,982
Other current assets	150,259	82,455
Total current assets	590,401	472,682
Equipment and property, net of accumulated depreciation of $251,921 and $237,815, respectively	126,689	126,187
Goodwill	1,449,382	1,374,664
Intangible assets, net	601,532	582,384
Operating lease right-of-use assets	408,136	424,528
Financed receivables, long-term, net of allowance for expected credit losses of $9,321 and $7,922, respectively	118,181	110,057
Other assets	60,611	50,021
Total assets	3,354,932	3,140,523
LIABILITIES
Short-term debt	215,918	123,683
Accounts payable	79,759	44,361
Accrued insurance - current	48,706	44,123
Accrued compensation and related liabilities	132,197	128,259
Unearned revenues	196,468	187,670
Operating lease liabilities - current	138,677	137,410
Other current liabilities	126,376	120,019
Total current liabilities	938,101	785,525
Accrued insurance, less current portion	92,394	79,157
Operating lease liabilities, less current portion	273,601	290,765
Long-term debt	487,107	486,147
Other long-term accrued liabilities	134,132	124,608
Total liabilities	1,925,335	1,766,202
Commitments and contingencies (see Note 9)
STOCKHOLDERS’ EQUITY
Preferred stock, without par value; 500,000 shares authorized, zero shares issued	0	0
Common stock, par value $1 per share; 800,000,000 shares authorized, 481,124,063 and 481,193,751 shares issued and outstanding, respectively	481,124	481,194
Additional paid in capital	180,952	179,406
Accumulated other comprehensive (loss) income	(27,442)	(25,194)
Retained earnings	794,963	738,915
Total stockholders’ equity	1,429,597	1,374,321
Total liabilities and stockholders’ equity	3,354,932	3,140,523
Customer contracts, net
ASSETS
Intangible assets, net	421,384	407,516
Trademarks & tradenames, net
ASSETS
Intangible assets, net	173,247	166,779
Other intangible assets, net
ASSETS
Intangible assets, net	$ 6,901	$ 8,089