Ritchie Bros. Auctioneers Incorporated (RBA) financial statements (2022 and earlier)

Company profile

Business Address 9500 GLENLYON PARKWAY
BURNABY, BC V5J 0C6
State of Incorp. ON
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments326363302294279470390
Cash and cash equivalents326363302294279470390
Restricted cash and investments10310614114728120148
Receivables202612772977334334
Inventory, net of allowances, customer advances and progress billings102648672866263
Inventory102648672866263
Other current assets64322833272627
Other undisclosed current assets146   130  
Total current assets:7628258348445571,013962
Noncurrent Assets
Property, plant and equipment449466483484492481476
Intangible assets, net (including goodwill)1,2981,1231,1311,1371,142894894
Goodwill948838839841841673671
Intangible assets, net (excluding goodwill)351285292296301221223
Deferred income tax assets7121313131614
Other noncurrent assets143150147149148135131
Other undisclosed noncurrent assets933      
Total noncurrent assets:2,8311,7511,7731,7831,7951,5251,516
TOTAL ASSETS:3,5932,5762,6072,6272,3522,5382,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:280229222228244215213
Accounts payable99   84  
Accrued liabilities117   100  
Taxes payable17543271116
Other undisclosed accounts payable and accrued liabilities4822421722432204197
Debt19295546493948
Other undisclosed current liabilities290424440511222500507
Total current liabilities:588682717785515753768
Noncurrent Liabilities
Long-term debt and lease obligation1,734633626626626623614
Long-term debt, excluding current maturities1,734633626626626623614
Liabilities, other than long-term debt199199203205198197192
Deferred income tax liabilities52464646455249
Other liabilities147154157159153145143
Total noncurrent liabilities:1,933832829831825820806
Total liabilities:2,5221,5141,5461,6161,3391,5731,574
Stockholders' equity
Stockholders' equity attributable to parent1,0711,0621,0561,0061,007959899
Common stock228220216211200196169
Additional paid in capital60585244494848
Accumulated other comprehensive loss(56)(52)(43)(45)(34)(52)(64)
Retained earnings840837832796792767746
Stockholders' equity attributable to noncontrolling interest0055555
Total stockholders' equity:1,0711,0621,0611,0111,012965904
TOTAL LIABILITIES AND EQUITY:3,5932,5762,6072,6272,3522,5382,479

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues359330396332383332389
Cost of revenue(133)(156)(189)(166)(191)(152)(199)
Gross profit:226174207166193180190
Operating expenses(174)(120)(118)(121)(120)(112)(102)
Operating income:53549045736789
Nonoperating income
(Other Nonoperating income)
1111221
Interest and debt expense(10)(9)(9)(9)(9)(9)(9)
Income from continuing operations before equity method investments, income taxes:43458237666181
Other undisclosed loss from continuing operations before income taxes(1)      
Income from continuing operations before income taxes:41458237666181
Income tax expense(11)(13)(21)(8)(17)(15)(28)
Net income:31326128494553
Net income (loss) attributable to noncontrolling interest0(0)(0)0(0)(0)(0)
Net income available to common stockholders, diluted:31326128494553

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:31326128494553
Other comprehensive income (loss) (9)1(10) 1311
Other undisclosed comprehensive income (loss)(4)   17  
Comprehensive income:27236218665864
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)0(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:27236218665864

Statements sources

The financial statements are based on the company's filings with the 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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