Ritchie Bros. Auctioneers Incorporated (RBA) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments360238268208210
Cash and cash equivalents360238268208210
Restricted cash and investments6168635083
Receivables1441361126662
Inventory, net of allowances, customer advances and progress billings65113382858
Inventory65113382858
Prepaid expense  181810
Assets held-for-sale, not part of disposal group  111
Deposits current assets  211
Other current assets5049   
Other undisclosed current assets  765
Total current assets:680604508378430
Noncurrent Assets
Property, plant and equipment484487527515529
Long-term investments and receivables  776
Long-term investments  776
Intangible assets, net (including goodwill)906917932170138
Goodwill6726726719891
Intangible assets, net (excluding goodwill)2332462617247
Restricted cash and investments   500 
Deferred costs   6 
Deferred income tax assets14
Other noncurrent assets146292443
Deferred tax assets, net16191913
Total noncurrent assets:1,5501,4491,5091,222690
TOTAL ASSETS:2,2292,0522,0171,6001,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:194201165125120
Accounts payable80101794242
Accrued liabilities7064554547
Taxes payable2016111823
Other undisclosed accounts payable and accrued liabilities252119208
Debt4133242456
Other undisclosed current liabilities265206200104114
Total current liabilities:501440388253290
Noncurrent Liabilities
Long-term debt and lease obligation62769879659655
Long-term debt, excluding current maturities62769879659655
Liabilities, other than long-term debt19477795543
Deferred tax liabilities, net36323631
Deferred income tax liabilities43
Financial instruments subject to mandatory redemption, settlement terms, share value, amount   46
Other liabilities1514247157
Total noncurrent liabilities:82177687565198
Total liabilities:1,3221,2161,264904388
Temporary equity, carrying amount 19 25
Stockholders' equity
Stockholders' equity attributable to parent902831740687703
Common stock195182139125132
Additional paid in capital5257412828
Accumulated other comprehensive loss(59)(56)(43)(67)(57)
Retained earnings714648603601601
Stockholders' equity attributable to noncontrolling interest55554
Total stockholders' equity:907836745692707
Other undisclosed liabilities and equity   4 
TOTAL LIABILITIES AND EQUITY:2,2292,0522,0171,6001,120

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3191,170611566516
Revenue, net611566516
Cost of revenue(705)(600)(79)(66)(56)
Cost of goods and services sold(4) (79)(66)(56)
Gross profit:614570532500460
Operating expenses(390)(385)(369)(322)(245)
Other undisclosed operating loss  (55)(42)(40)
Operating income:223185107136175
Nonoperating income912866
Investment income, nonoperating  323
Other nonoperating income912543
Interest and debt expense(41)(45)(38)(12)(5)
Income from continuing operations before equity method investments, income taxes:19115377129176
Income (loss) from equity method investments  (0)11
Income from continuing operations before income taxes:19115377130176
Income tax expense(42)(31)(2)(37)(38)
Net income:1491227594139
Net loss attributable to noncontrolling interest(0)(0)(0)(2)(2)
Net income available to common stockholders, basic:1491217592136
Other undisclosed net loss available to common stockholders, diluted  (0)  
Net income available to common stockholders, diluted:1491217592136

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1491227594139
Other comprehensive income (loss) (14)25(10)(40)
Other undisclosed comprehensive income (loss)(3)  0(0)
Comprehensive income:1461081008498
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)(2)(2)
Comprehensive income, net of tax, attributable to parent:1461081008296

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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