Ritchie Bros. Auctioneers Incorporated (RBA) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO WESTBROOK CORPORATE CENTER
WESTCHESTER, IL 60154
State of Incorp. ON
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments494,324326,113278,766359,671237,744267,910
Cash and cash equivalents494,324326,113278,766359,671237,744267,910
Restricted cash and investments131,622102,87528,12960,58567,82363,206
Receivables2,60019,8956,797144,212135,622111,523
Inventory, net of allowances, customer advances and progress billings103,050102,49486,27864,956113,29438,238
Inventory103,050102,49486,27864,956113,29438,238
Prepaid expense     17,736
Asset, held-for-sale, not part of disposal group      584
Deposits current assets      1,954
Other current assets48,34164,34627,27450,16049,055 
Other undisclosed current assets 183,180146,499129,534  7,336
Total current assets:963,117762,222556,778679,584603,538508,487
Noncurrent Assets
Operating lease, right-of-use asset    ✕✕
Property, plant and equipment459,137449,087492,127484,482486,599526,581
Long-term investments and receivables      7,408
Long-term investments      7,408
Intangible assets, net (including goodwill)1,271,4681,298,2311,141,558905,690917,216932,016
Goodwill948,816947,715840,610672,310671,594670,922
Intangible assets, net (excluding goodwill)322,652350,516300,948233,380245,622261,094
Deferred income tax assets6,6307,40613,45813,995✕✕
Other noncurrent assets163,375142,504147,608145,67929,39524,146
Deferred tax assets, net✕✕✕✕✕15,64818,674
Other undisclosed noncurrent assets  933,464    
Total noncurrent assets:1,900,6102,830,6921,794,7511,549,8461,448,8581,508,825
TOTAL ASSETS:2,863,7273,592,9142,351,5292,229,4302,052,3962,017,312
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:294,763280,308243,786194,279201,255164,553
Taxes payable✕✕17,03727,46620,10715,76811,291
Accounts payable93,84398,63284,28279,575101,02978,562
Accrued liabilities141,401116,64799,55969,53963,66655,332
Other undisclosed accounts payable and accrued liabilities59,51947,99232,47925,05820,79219,368
Debt42,80718,54748,69841,48533,02223,925
Other undisclosed current liabilities457,720289,564222,093265,494205,815199,977
Total current liabilities:795,290588,419514,577501,258440,092388,455
Noncurrent Liabilities
Long-term debt and lease obligation577,1111,733,940626,288627,204698,172795,985
Long-term debt, excluding current maturities577,1111,733,940626,288627,204698,172795,985
Liabilities, other than long-term debt201,251199,492198,265193,98177,49979,107
Deferred tax liabilities, net✕✕✕✕✕35,51932,334
Deferred income tax liabilities53,96152,23245,26542,743✕✕
Other liabilities147,290147,260153,000151,23841,98046,773
Operating lease, liability    ✕✕
Total noncurrent liabilities:778,3621,933,432824,553821,185775,671875,092
Total liabilities:1,573,6522,521,8511,339,1301,322,4431,215,7631,263,547
Temporary equity, carrying amount    9239,014
Equity
Equity, attributable to parent1,289,6091,070,6751,007,245901,833830,643739,682
Common stock246,283227,504200,451194,771181,780138,582
Additional paid in capital85,26159,53549,17152,11056,88541,005
Accumulated other comprehensive loss(85,104)(55,973)(34,295)(59,099)(56,277)(42,514)
Retained earnings1,043,169839,609791,918714,051648,255602,609
Equity, attributable to noncontrolling interest4663885,1545,1545,0675,069
Total equity:1,290,0751,071,0631,012,399906,987835,710744,751
TOTAL LIABILITIES AND EQUITY:2,863,7273,592,9142,351,5292,229,4302,052,3962,017,312

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,733,8081,416,9711,377,2601,318,6411,170,026610,517
Revenue, net✕✕✕✕✕✕610,517
Cost of revenue(1,043,735)(644,027)(682,526)(705,093)(599,799)(79,013)
Cost of goods and services sold(4,400)(2,684)(1,691)(4,215) (79,013)
Gross profit:690,073772,944694,734613,548570,227531,504
Operating expenses(406,361)(532,797)(431,574)(390,346)(385,038)(368,797)
Other undisclosed operating income (loss)170,833    (55,253)
Operating income:454,545240,147263,160223,202185,189107,454
Nonoperating income8,0603,3268,2968,83811,8508,257
Investment income, nonoperating6,971    3,194
Other nonoperating income1,0893,3268,2968,83811,8505,063
Interest and debt expense(57,880)(36,993)(35,568)(41,277)(44,527)(38,291)
Income from continuing operations before equity method investments, income taxes:404,725206,480235,888190,763152,51277,420
Loss from equity method investments      (26)
Other undisclosed income (loss) from continuing operations before income taxes 1,263(1,248)    
Income from continuing operations before income taxes:405,988205,232235,888190,763152,51277,394
Income tax expense(86,230)(53,378)(65,530)(41,623)(31,006)(2,088)
Income from continuing operations:319,758151,854170,358149,140121,50675,306
Income before gain (loss) on sale of properties:✕✕151,854170,358149,140121,50675,306
Net income:319,758151,854170,358149,140121,50675,306
Net income (loss) attributable to noncontrolling interest(101)14(263)(101)(27)(279)
Net income attributable to parent:319,657151,868170,095149,039121,47975,027
Preferred stock dividends and other adjustments      
Undistributed earnings (loss) allocated to participating securities, basic      
Net income available to common stockholders, basic:319,657151,868170,095149,039121,47975,027
Other undisclosed net loss available to common stockholders, diluted      (152)
Net income available to common stockholders, diluted:319,657151,868170,095149,039121,47974,875

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:319,758151,854170,358149,140121,50675,306
Other comprehensive income (loss)(29,154)   (13,792)24,670
Other undisclosed comprehensive income (loss)  (21,712)24,861(2,836)  
Comprehensive income:290,604130,142195,219146,304107,71499,976
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (78)48(320)(87)2(337)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:290,526130,190194,899146,217107,71699,639

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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