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10-Q Filing

RB GLOBAL INC. CIK: 1046102 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-006718
Period End Date 20210331
Filing Date 20210510
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance rba-20210331x10q_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 109.88M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $294.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $278.77M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 110.25M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $28.13M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 109.88M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $147.24M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 110.25M shares Point-in-time
Trade and other receivables AccountsReceivableGrossCurrent $294.29M USD Point-in-time
Trade and other receivables AccountsReceivableGrossCurrent $135.00M USD Point-in-time
Less: allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $5.47M USD Point-in-time
Less: allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $5.58M USD Point-in-time
Inventory InventoryNet $86.28M USD Point-in-time
Inventory InventoryNet $72.31M USD Point-in-time
Other current assets OtherAssetsCurrent $27.27M USD Point-in-time
Other current assets OtherAssetsCurrent $32.80M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $8.22M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $6.80M USD Point-in-time
Total current assets AssetsCurrent $843.67M USD Point-in-time
Total current assets AssetsCurrent $556.78M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $492.13M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $483.98M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $147.61M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $148.88M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $296.48M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $300.95M USD Point-in-time
Goodwill Goodwill $840.63M USD Point-in-time
Goodwill Goodwill $840.61M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $13.46M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $13.04M USD Point-in-time
Total assets Assets $2.35B USD Point-in-time
Total assets Assets $2.63B USD Point-in-time
Auction proceeds payable AuctionProceedsPayable $517.52M USD Point-in-time
Auction proceeds payable AuctionProceedsPayable $214.25M USD Point-in-time
Trade and other payables AccountsPayableAndAccruedLiabilitiesCurrent $227.68M USD Point-in-time
Trade and other payables AccountsPayableAndAccruedLiabilitiesCurrent $243.79M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $17.03M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $3.21M USD Point-in-time
Short-term debt ShortTermBorrowings $29.14M USD Point-in-time
Short-term debt ShortTermBorrowings $25.93M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $10.36M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $10.52M USD Point-in-time
Total current liabilities LiabilitiesCurrent $784.87M USD Point-in-time
Total current liabilities LiabilitiesCurrent $514.58M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $626.29M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $626.20M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $153.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $159.27M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $45.27M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $45.75M USD Point-in-time
Total liabilities Liabilities $1.62B USD Point-in-time
Total liabilities Liabilities $1.34B USD Point-in-time
Commitments and Contingencies (Note 21 and Note 22 respectively) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 21 and Note 22 respectively) CommitmentsAndContingencies - USD Point-in-time
Common stock; no par value, unlimited shares authorized, issued and outstanding shares: 110,253,056 (December 31, 2020: 109,876,428) CommonStockValue $200.45M USD Point-in-time
Common stock; no par value, unlimited shares authorized, issued and outstanding shares: 110,253,056 (December 31, 2020: 109,876,428) CommonStockValue $210.76M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $43.61M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $49.17M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $791.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $795.78M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.64M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.30M USD Point-in-time
Stockholders' equity StockholdersEquity $1.01B USD Point-in-time
Stockholders' equity StockholdersEquity $1.01B USD Point-in-time
Non-controlling interest MinorityInterest $5.15M USD Point-in-time
Non-controlling interest MinorityInterest $5.09M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $906.99M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $844.97M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.63B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.35B USD Point-in-time
Income Statement 39 line items
Line Item Tag Value Unit Period
Total revenue Revenues $331.56M USD 1 Quarter
Total revenue Revenues $273.25M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $98.39M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $116.08M USD 1 Quarter
Acquisition-related costs BusinessCombinationIntegrationRelatedCosts $2.92M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $19.29M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $21.07M USD 1 Quarter
Gain on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $68.00K USD 1 Quarter
Gain on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $47.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-277.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-602.00K USD 1 Quarter
Total operating expenses CostsAndExpenses $287.05M USD 1 Quarter
Total operating expenses CostsAndExpenses $239.17M USD 1 Quarter
Operating income OperatingIncomeLoss $34.08M USD 1 Quarter
Operating income OperatingIncomeLoss $44.50M USD 1 Quarter
Interest expense InterestExpense $9.18M USD 1 Quarter
Interest expense InterestExpense $8.95M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.58M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $28.48M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $36.56M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $5.65M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.42M USD 1 Quarter
Net income ProfitLoss $22.83M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Stockholders NetIncomeLoss $28.19M USD 1 Quarter
Stockholders NetIncomeLoss $22.81M USD 1 Quarter
Non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-49.00K USD 1 Quarter
Non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $20.00K USD 1 Quarter
Net income ProfitLoss $22.83M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Basic EarningsPerShareBasic $0.26 USD 1 Quarter
Basic EarningsPerShareBasic $0.21 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.25 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.21 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 109.25M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 109.97M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 111.27M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 110.48M shares 1 Quarter
Cash Flow Statement 63 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $22.83M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $19.29M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $21.07M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.97M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $7.19M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $963.00K USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $1.33M USD 1 Quarter
Unrealized foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-459.00K USD 1 Quarter
Unrealized foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-782.00K USD 1 Quarter
Gain on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $68.00K USD 1 Quarter
Gain on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $47.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $756.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $720.00K USD 1 Quarter
Gain on disposition of equity investment GainOnSaleOfInvestments $1.70M USD 1 Quarter
Amortization of right-of-use assets AmortizationOfRightOfUseAssets $3.17M USD 1 Quarter
Amortization of right-of-use assets AmortizationOfRightOfUseAssets $3.34M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.18M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.28M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-117.86M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $46.71M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $4.13M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $180.69M USD 1 Quarter
Property, plant and equipment additions PaymentsToAcquirePropertyPlantAndEquipment $3.50M USD 1 Quarter
Property, plant and equipment additions PaymentsToAcquirePropertyPlantAndEquipment $1.56M USD 1 Quarter
Proceeds on disposition of property, plant and equipment ProceedsFromSaleOfPropertyHeldForSale $333.00K USD 1 Quarter
Proceeds on disposition of property, plant and equipment ProceedsFromSaleOfPropertyHeldForSale $66.00K USD 1 Quarter
Intangible asset additions PaymentsToAcquireIntangibleAssets $7.22M USD 1 Quarter
Intangible asset additions PaymentsToAcquireIntangibleAssets $8.77M USD 1 Quarter
Issuance of loans receivable PaymentsToAcquireLoansReceivable $2.98M USD 1 Quarter
Repayment of loans receivable ProceedsFromSaleOfLoansReceivable $180.00K USD 1 Quarter
Repayment of loans receivable ProceedsFromSaleOfLoansReceivable $224.00K USD 1 Quarter
Distribution from equity investment ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $4.21M USD 1 Quarter
Proceeds on contingent consideration from equity investment ProceedsFromContingentConsiderationFromSaleOfEquityInvestment $1.70M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.27M USD 1 Quarter
Share repurchase PaymentsForRepurchaseOfCommonStock $53.17M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $24.18M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $21.91M USD 1 Quarter
Proceeds from exercise of options and share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.72M USD 1 Quarter
Proceeds from exercise of options and share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $7.05M USD 1 Quarter
Payment of withholding taxes on issuance of shares PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.98M USD 1 Quarter
Payment of withholding taxes on issuance of shares PaymentsRelatedToTaxWithholdingForShareBasedCompensation $7.54M USD 1 Quarter
Net increase (decrease) in short-term debt ProceedsFromRepaymentsOfShortTermDebt $-2.89M USD 1 Quarter
Net increase (decrease) in short-term debt ProceedsFromRepaymentsOfShortTermDebt $29.07M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $2.63M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $4.24M USD 1 Quarter
Repayment of finance lease obligations FinanceLeasePrincipalPayments $2.19M USD 1 Quarter
Repayment of finance lease obligations FinanceLeasePrincipalPayments $2.63M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-48.36M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-33.15M USD 1 Quarter
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.78M USD 1 Quarter
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-12.83M USD 1 Quarter
Increase (decrease) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-64.33M USD 1 Quarter
Increase (decrease) CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $134.72M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $420.26M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $306.89M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $441.62M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $355.93M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $420.26M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $306.89M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $441.62M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $355.93M USD Point-in-time
Stockholders Equity 27 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $906.99M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $844.97M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $28.14M USD 1 Quarter
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $22.83M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-15.87M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-10.36M USD 1 Quarter
Comprehensive income ComprehensiveIncomeLossIncludingPortionAttributableToContingentlyRedeemableNoncontrollingInterest $17.78M USD 1 Quarter
Comprehensive income ComprehensiveIncomeLossIncludingPortionAttributableToContingentlyRedeemableNoncontrollingInterest $6.96M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueStockOptionsExercised $6.72M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueStockOptionsExercised $7.05M USD 1 Quarter
Stock option exercises, shares StockIssuedDuringPeriodSharesStockOptionsExercised 197,863.00 shares 1 Quarter
Issuance of common stock related to vesting of share units TreasuryStockReissuedAtLowerThanRepurchasePriceConversionOfUnits $-3.93M USD 1 Quarter
Issuance of common stock related to vesting of share units TreasuryStockReissuedAtLowerThanRepurchasePriceConversionOfUnits $-9.30M USD 1 Quarter
Share based continuing employment costs related to business combination ApicShareBasedPaymentArrangementIncreaseForContinuingEmploymentCosts $2.55M USD 1 Quarter
Stock option compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.19M USD 1 Quarter
Stock option compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.86M USD 1 Quarter
Equity-classified share unit expense PreferenceShareUnitExpense $1.79M USD 1 Quarter
Equity-classified share unit expense PreferenceShareUnitExpense $2.78M USD 1 Quarter
Cash dividends paid DividendsCommonStockCash $24.18M USD 1 Quarter
Cash dividends paid DividendsCommonStockCash $21.91M USD 1 Quarter
Shares repurchased StockRepurchasedDuringPeriodValue $53.17M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $906.99M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $844.97M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $22.83M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.36M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-15.87M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $6.96M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $17.78M USD 1 Quarter
Stockholders ComprehensiveIncomeNetOfTax $17.84M USD 1 Quarter
Stockholders ComprehensiveIncomeNetOfTax $6.95M USD 1 Quarter
Non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-65.00K USD 1 Quarter
Non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $12.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $6.96M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $17.78M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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