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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments326279360238268208210
Cash and cash equivalents326279360238268208210
Restricted cash and investments103286168635083
Receivables2071441361126662
Inventory, net of allowances, customer advances and progress billings1028665113382858
Inventory1028665113382858
Prepaid expense    181810
Assets held-for-sale, not part of disposal group    111
Deposits current assets    211
Other current assets64275049   
Other undisclosed current assets146130  765
Total current assets:762557680604508378430
Noncurrent Assets
Property, plant and equipment449492484487527515529
Long-term investments and receivables    776
Long-term investments    776
Intangible assets, net (including goodwill)1,2981,142906917932170138
Goodwill9488416726726719891
Intangible assets, net (excluding goodwill)3513012332462617247
Restricted cash and investments     500 
Deferred costs     6 
Deferred income tax assets71314
Other noncurrent assets143148146292443
Deferred tax assets, net16191913
Other undisclosed noncurrent assets933      
Total noncurrent assets:2,8311,7951,5501,4491,5091,222690
TOTAL ASSETS:3,5932,3522,2292,0522,0171,6001,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:280244194201165125120
Accounts payable998480101794242
Accrued liabilities1171007064554547
Taxes payable17272016111823
Other undisclosed accounts payable and accrued liabilities4832252119208
Debt19494133242456
Other undisclosed current liabilities290222265206200104114
Total current liabilities:588515501440388253290
Noncurrent Liabilities
Long-term debt and lease obligation1,73462662769879659655
Long-term debt, excluding current maturities1,73462662769879659655
Liabilities, other than long-term debt19919819477795543
Deferred tax liabilities, net36323631
Deferred income tax liabilities524543
Financial instruments subject to mandatory redemption, settlement terms, share value, amount     46
Other liabilities1471531514247157
Total noncurrent liabilities:1,93382582177687565198
Total liabilities:2,5221,3391,3221,2161,264904388
Temporary equity, carrying amount   19 25
Stockholders' equity
Stockholders' equity attributable to parent1,0711,007902831740687703
Common stock228200195182139125132
Additional paid in capital60495257412828
Accumulated other comprehensive loss(56)(34)(59)(56)(43)(67)(57)
Retained earnings840792714648603601601
Stockholders' equity attributable to noncontrolling interest0555554
Total stockholders' equity:1,0711,012907836745692707
Other undisclosed liabilities and equity     4 
TOTAL LIABILITIES AND EQUITY:3,5932,3522,2292,0522,0171,6001,120

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4171,3771,3191,170611566516
Revenue, net611566516
Cost of revenue(644)(683)(705)(600)(79)(66)(56)
Cost of goods and services sold(3)(2)(4) (79)(66)(56)
Gross profit:773695614570532500460
Operating expenses(533)(432)(390)(385)(369)(322)(245)
Other undisclosed operating loss    (55)(42)(40)
Operating income:240263223185107136175
Nonoperating income38912866
Investment income, nonoperating    323
Other nonoperating income38912543
Interest and debt expense(37)(36)(41)(45)(38)(12)(5)
Income from continuing operations before equity method investments, income taxes:20623619115377129176
Income (loss) from equity method investments    (0)11
Other undisclosed loss from continuing operations before income taxes(1)      
Income from continuing operations before income taxes:20523619115377130176
Income tax expense(53)(66)(42)(31)(2)(37)(38)
Net income:1521701491227594139
Net income (loss) attributable to noncontrolling interest0(0)(0)(0)(0)(2)(2)
Net income available to common stockholders, basic:1521701491217592136
Other undisclosed net loss available to common stockholders, diluted    (0)  
Net income available to common stockholders, diluted:1521701491217592136

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1521701491227594139
Other comprehensive income (loss)   (14)25(10)(40)
Other undisclosed comprehensive income (loss)(22)25(3)  0(0)
Comprehensive income:1301951461081008498
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)0(0)(2)(2)
Comprehensive income, net of tax, attributable to parent:1301951461081008296

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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