Rollins, inc. (ROL)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
OPERATING ACTIVITIES
NET INCOME

202,389

203,347

203,550

226,117

227,364

231,663

214,430

199,232

187,379

179,124

183,396

181,617

175,711

167,369

161,111

156,506

153,796

152,149

150,317

146,392

142,179

137,664

135,704

130,783

125,917

123,330

118,287

114,298

111,431

111,332

110,013

107,217

105,151

100,711

98,322

94,420

91,059

90,002

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

84,458

79,544

73,031

68,208

64,442

64,675

64,052

61,498

58,678

55,533

54,451

53,221

52,025

49,894

46,030

44,103

42,998

42,139

43,200

43,481

42,844

42,277

41,825

40,464

39,624

39,304

39,548

38,937

38,782

38,655

38,523

38,395

38,070

37,503

37,190

36,929

36,608

36,408

0

0

0

Provision for deferred income taxes

-7,556

-7,228

-3,948

7,883

6,854

7,628

13,854

15,470

17,275

18,636

1,184

131

-1,953

-3,248

7,757

5,899

6,181

3,493

10,262

9,820

8,377

8,440

-1,173

-98

651

356

-6,225

-3,867

-3,129

-1,870

2,991

2,321

2,803

784

7,990

3,266

2,477

2,075

0

0

0

Excess tax benefits from share-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

3,699

3,719

3,373

2,684

1,946

1,974

1,970

3,639

4,744

4,720

5,045

4,428

3,722

3,735

3,431

3,321

3,231

3,128

5,161

4,887

2,367

2,485

875

866

1,185

0

0

0

Provision for bad debts

15,751

15,145

14,313

14,341

14,356

13,606

12,742

12,081

11,326

10,455

10,159

10,267

10,708

11,257

11,467

10,116

9,221

10,113

10,863

11,935

11,398

11,197

11,032

10,763

11,783

10,388

9,340

10,455

10,889

11,095

11,370

8,877

8,129

8,879

9,081

9,524

9,333

8,641

0

0

0

Stock-based compensation expense

14,089

14,159

14,587

14,942

14,522

13,726

13,023

12,394

12,225

12,399

12,392

12,410

12,357

12,415

12,165

12,371

12,570

12,110

11,999

11,331

10,679

10,579

10,572

10,702

10,646

10,427

10,178

9,837

9,668

9,494

9,035

8,540

8,045

7,555

7,324

7,081

7,545

7,538

0

0

0

Other, net

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

404

414

713

762

968

1,080

1,190

844

0

0

0

Changes in operating assets and liabilities

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Changes in assets and liabilities:
Net cash provided by operating activities

339,729

309,188

303,316

292,706

274,946

286,272

259,257

245,971

251,347

235,370

257,753

249,911

241,952

226,525

210,691

203,623

193,646

196,356

180,543

193,390

197,018

194,146

192,573

179,535

165,061

162,665

149,326

141,455

143,616

141,919

159,653

153,912

158,782

154,647

146,740

139,356

128,769

124,053

0

0

0

INVESTING ACTIVITIES
Cash used for acquisitions of companies, net of cash acquired

471,103

430,558

436,233

432,217

40,656

76,769

74,093

178,643

170,323

130,189

133,365

17,435

28,219

46,308

42,895

37,663

26,326

33,462

35,066

34,512

38,005

63,335

60,149

69,675

65,278

12,632

26,688

17,548

19,133

25,030

12,633

13,523

13,823

11,410

23,136

40,577

38,553

34,764

0

0

0

Purchases of equipment and property

27,339

27,146

26,235

26,369

27,526

27,179

27,108

27,704

25,360

24,680

23,170

24,314

29,579

33,081

38,010

41,754

40,140

39,495

34,658

34,998

31,894

28,739

28,032

20,489

19,049

18,632

20,580

21,235

20,065

19,040

17,025

18,471

19,021

18,652

19,627

16,114

14,841

13,036

0

0

0

Proceeds from sales of franchises

489

617

612

601

561

343

425

502

528

519

937

842

830

699

601

542

684

767

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net cash used in investing activities

-495,601

-455,107

-459,258

-455,083

-64,898

-101,375

-99,666

-205,540

-194,965

-154,175

-154,816

-39,845

-55,152

-76,842

-78,978

-76,086

-63,710

-69,942

-66,034

-67,148

-67,443

-89,471

-86,802

-88,815

-83,373

-30,790

-45,974

-37,545

-37,907

-42,693

-28,458

-30,926

-31,954

-29,154

-42,532

-56,455

-53,387

-47,645

0

0

0

FINANCING ACTIVITIES
Payment of contingent consideration

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of term loan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on revolving commitment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on line of credit borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,000

-24,000

-15,000

10,000

-4,000

0

0

0

Cash paid for common stock purchased

8,919

10,009

9,943

10,037

9,437

9,541

9,586

9,895

9,991

8,246

8,218

20,158

29,769

31,068

31,043

18,599

9,695

7,407

7,423

30,131

35,364

35,513

35,515

17,367

15,885

13,723

13,705

9,145

19,728

19,938

21,328

32,020

27,193

30,215

28,944

26,502

32,940

29,692

0

0

0

Dividends paid

158,821

153,836

164,158

160,299

156,472

152,742

138,512

133,042

127,561

122,017

118,678

115,431

112,205

109,002

104,825

100,484

96,127

91,755

82,241

80,097

77,932

75,750

72,171

69,974

67,813

65,658

68,606

67,143

65,702

64,282

45,328

43,919

42,518

41,110

39,699

38,291

36,907

35,521

0

0

0

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

70

105

126

224

0

0

0

Excess tax benefits from share-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

3,699

3,719

3,373

2,684

1,946

1,974

1,970

3,639

4,744

4,720

5,045

4,428

3,722

3,735

3,431

3,321

3,231

3,128

5,161

4,887

2,367

2,485

875

866

1,185

0

0

0

Book overdrafts in bank accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,500

-3,500

2,000

-8,000

2,500

0

0

0

Proceeds received upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

0

-

-

-

-

-

-

-

-

255

0

0

0

Net cash used in financing activities

152,827

127,655

151,899

177,539

-168,716

-162,283

-148,098

-142,937

-137,552

-130,263

-126,733

-134,998

-141,294

-136,371

-132,149

-115,710

-103,138

-97,216

-87,690

-108,258

-109,657

-106,519

-102,966

-82,296

-79,270

-75,653

-78,570

-72,851

-82,103

-80,989

-68,978

-85,720

-89,773

-99,427

-93,705

-77,008

-67,094

-65,497

0

0

0

Effect of exchange rate changes on cash

-20,980

-2,945

-10,247

-4,581

-9,044

-14,179

-6,238

-4,446

3,011

13,333

-2,070

-6,696

-14,266

-5,101

5,389

4,954

11,051

-2,996

-6,725

-9,819

-9,658

-8,000

-5,323

1,498

-1,768

-3,088

-1,761

-1,522

-811

570

1,277

-1,026

-711

-704

-534

641

903

498

0

0

0

Net (decrease)/increase in cash and cash equivalents

-24,025

-21,209

-14,290

10,581

32,288

8,435

5,255

-106,952

-78,159

-35,735

-25,866

68,372

31,240

8,211

4,953

16,781

37,849

26,202

20,094

8,165

10,260

-9,844

-2,518

9,922

650

53,134

23,021

29,537

22,795

18,807

63,494

36,240

36,344

25,362

9,969

6,534

9,191

11,409

0

0

0

Non-cash additions to operating lease right-of-use assets

96,756

75,782

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-