Terminix Global Holdings, Inc. (TMX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
150 PEABODY PLACE MEMPHIS, TN 38103-3720 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8741 - Management Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 116 | 615 | 280 | 669 | 500 | 316 | |||
| Cash and cash equivalents | 116 | 615 | 280 | 224 | 475 | 291 | |||
| Short-term investments | 445 | 25 | 25 | ||||||
| Receivables | 206 | 206 | 218 | 186 | 570 | 536 | |||
| Inventory, net of allowances, customer advances and progress billings | 41 | 44 | 48 | 45 | 41 | 43 | |||
| Inventory | 41 | 44 | 48 | 45 | 41 | 43 | |||
| Deferred costs | 36 | 34 | |||||||
| Other undisclosed current assets | 151 | 145 | 83 | 62 | 95 | 69 | |||
| Total current assets: | 514 | 1,010 | 629 | 962 | 1,242 | 998 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 79 | 80 | 97 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 196 | 182 | 212 | 201 | 237 | 210 | |||
| Long-term investments and receivables | 51 | 45 | 58 | 64 | 63 | 56 | |||
| Long-term investments | 15 | 14 | 13 | 21 | 22 | 19 | |||
| Accounts and financing receivable, after allowance for credit loss | 36 | 31 | 45 | 43 | 41 | 37 | |||
| Intangible assets, net (including goodwill) | 3,308 | 3,257 | 4,070 | 3,544 | 3,948 | 3,955 | |||
| Goodwill | 2,211 | 2,146 | 2,279 | 1,956 | 2,256 | 2,247 | |||
| Intangible assets, net (excluding goodwill) | 1,097 | 1,111 | 1,791 | 1,588 | 1,692 | 1,708 | |||
| Deferred costs | 98 | 98 | 95 | 77 | |||||
| Other noncurrent assets | 77 | 75 | 73 | 87 | 68 | 71 | |||
| Other undisclosed noncurrent assets | 87 | 90 | 88 | 88 | 88 | 96 | |||
| Total noncurrent assets: | 3,896 | 3,827 | 4,693 | 4,061 | 4,404 | 4,388 | |||
| TOTAL ASSETS: | 4,410 | 4,837 | 5,322 | 5,023 | 5,646 | 5,386 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 268 | 299 | 284 | 224 | 249 | 242 | |||
| Interest and dividends payable | 7 | 7 | 16 | 14 | 15 | 16 | |||
| Employee-related liabilities | 81 | 102 | 59 | 60 | 63 | 54 | |||
| Accounts payable | 85 | 91 | 104 | 89 | 115 | 112 | |||
| Accrued liabilities | 95 | 99 | 105 | 61 | 56 | 60 | |||
| Deferred revenue | 103 | 102 | 111 | ✕ | ✕ | ✕ | |||
| Debt | 37 | 35 | 20 | 144 | 59 | ||||
| Self insurance reserve | 72 | 76 | 72 | 58 | 117 | 111 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 663 | 629 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 95 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 31 | 76 | 70 | 48 | 1 | 1 | |||
| Total current liabilities: | 511 | 588 | 557 | 425 | 1,174 | 1,042 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 849 | 826 | 1,668 | 1,727 | 2,643 | 2,772 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 90 | 91 | 88 | ||
| Finance lease, liability | 82 | 60 | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 675 | 670 | 1,557 | 1,637 | 2,552 | 2,684 | |||
| Liabilities, other than long-term debt, including: | 677 | 681 | 776 | 666 | 662 | 886 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 484 | 493 | 719 | ||
| Deferred income tax liabilities | 387 | 346 | 501 | ✕ | ✕ | ✕ | |||
| Other liabilities | 197 | 239 | 164 | 182 | 169 | 167 | |||
| Operating lease, liability | 92 | 96 | 111 | ✕ | ✕ | ✕ | |||
| Other undisclosed liabilities, other than long-term debt | 93 | 96 | 111 | ||||||
| Total noncurrent liabilities: | 1,526 | 1,507 | 2,444 | 2,393 | 3,305 | 3,658 | |||
| Total liabilities: | 2,037 | 2,095 | 3,001 | 2,818 | 4,479 | 4,700 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,375 | 2,741 | 2,322 | 2,204 | 1,167 | 686 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (964) | (423) | (313) | (267) | (267) | (182) | |||
| Additional paid in capital | 2,391 | 2,359 | 2,334 | 2,309 | 2,321 | 2,274 | |||
| Accumulated other comprehensive income (loss) | (22) | (39) | 9 | 5 | 5 | (3) | |||
| Retained earnings (accumulated deficit) | 967 | 841 | 291 | 156 | (895) | (1,405) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | (1) | (1) | 1 | ||||
| Total equity: | 2,375 | 2,741 | 2,322 | 2,204 | 1,167 | 686 | |||
| Other undisclosed liabilities and equity | (2) | 1 | (1) | 1 | |||||
| TOTAL LIABILITIES AND EQUITY: | 4,410 | 4,837 | 5,322 | 5,023 | 5,646 | 5,386 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,045 | 1,961 | 2,077 | 1,900 | 2,912 | 2,746 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,912 | 2,746 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,193) | (1,155) | (1,178) | (1,041) | (1,552) | (1,448) | ||
| Gross profit: | 852 | 806 | 899 | 859 | 1,360 | 1,298 | ||
| Operating expenses | (603) | (595) | (624) | (598) | (840) | (855) | ||
| Operating income: | 249 | 211 | 275 | 261 | 520 | 443 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2 | 4 | 46 | 5 | 4 | 6 | ||
| Interest and debt expense | (45) | (109) | (95) | (143) | (156) | (185) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (26) | (65) | (70) | (249) | 2 | (23) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 180 | 41 | 156 | (126) | 370 | 241 | ||
| Income (loss) from equity method investments | 2 | 3 | (1) | |||||
| Income (loss) from continuing operations before income taxes: | 182 | 44 | 156 | (126) | 370 | 240 | ||
| Income tax expense (benefit) | (57) | (24) | (27) | (37) | 139 | (85) | ||
| Other undisclosed income from continuing operations | 1 | |||||||
| Income (loss) from continuing operations: | 126 | 20 | 129 | (163) | 509 | 155 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 125 | 58 | 128 | (41) | 509 | 154 | |
| Income (loss) from discontinued operations | (1) | 38 | (1) | 122 | (1) | |||
| Net income (loss): | 125 | 58 | 128 | (41) | 509 | 154 | ||
| Other undisclosed net income attributable to parent | 493 | 1 | 1 | |||||
| Net income (loss) available to common stockholders, diluted: | 125 | 551 | 128 | (41) | 510 | 155 | ||
Comprehensive Income ($ in millions)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 125 | 58 | 128 | (41) | 509 | 154 | ||
| Other comprehensive income (loss) | 17 | (47) | 4 | (3) | 8 | 18 | ||
| Comprehensive income (loss): | 142 | 11 | 132 | (44) | 517 | 172 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 493 | 1 | 1 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 142 | 504 | 132 | (44) | 518 | 173 | ||
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.