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10-Q Filing

RB GLOBAL INC. CIK: 1046102 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001558370-22-007884
Period End Date 20220331
Filing Date 20220509
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance rba-20220331x10q_htm.xml
Balance Sheet 76 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $326.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $440.12M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 110.62M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 110.74M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $150.20M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $102.88M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 110.74M shares Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 110.62M shares Point-in-time
Trade and other receivables AccountsReceivableGrossCurrent $292.42M USD Point-in-time
Trade and other receivables AccountsReceivableGrossCurrent $150.90M USD Point-in-time
Less: allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $4.34M USD Point-in-time
Less: allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $4.40M USD Point-in-time
Inventory InventoryNet $78.89M USD Point-in-time
Inventory InventoryNet $102.49M USD Point-in-time
Other current assets OtherAssetsCurrent $50.70M USD Point-in-time
Other current assets OtherAssetsCurrent $64.35M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $19.52M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $19.89M USD Point-in-time
Total current assets AssetsCurrent $1.03B USD Point-in-time
Total current assets AssetsCurrent $762.22M USD Point-in-time
Restricted Cash RestrictedCashNoncurrent $939.75M USD Point-in-time
Restricted Cash RestrictedCashNoncurrent $933.46M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $449.09M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $445.52M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $142.50M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $157.87M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $341.77M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $350.52M USD Point-in-time
Goodwill Goodwill $947.72M USD Point-in-time
Goodwill Goodwill $947.80M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $7.19M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $7.41M USD Point-in-time
Total assets Assets $3.59B USD Point-in-time
Total assets Assets $3.87B USD Point-in-time
Auction proceeds payable AuctionProceedsPayable $539.74M USD Point-in-time
Auction proceeds payable AuctionProceedsPayable $292.79M USD Point-in-time
Trade and other liabilities AccountsPayableAndAccruedLiabilitiesCurrent $258.60M USD Point-in-time
Trade and other liabilities AccountsPayableAndAccruedLiabilitiesCurrent $280.31M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.68M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $24.97M USD Point-in-time
Short-term debt ShortTermBorrowings $6.15M USD Point-in-time
Short-term debt ShortTermBorrowings $22.08M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $3.50M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $3.56M USD Point-in-time
Total current liabilities LiabilitiesCurrent $848.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $588.42M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.73B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.58B USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $150.10M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $147.26M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $52.23M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $64.57M USD Point-in-time
Total liabilities Liabilities $2.52B USD Point-in-time
Total liabilities Liabilities $2.64B USD Point-in-time
Commitments and Contingencies (Note 22 and Note 23 respectively) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 22 and Note 23 respectively) CommitmentsAndContingencies - USD Point-in-time
Common stock; no par value, unlimited shares authorized, issued and outstanding shares: 110,735,243 (December 31, 2021: 110,618,049) CommonStockValue $231.06M USD Point-in-time
Common stock; no par value, unlimited shares authorized, issued and outstanding shares: 110,735,243 (December 31, 2021: 110,618,049) CommonStockValue $227.50M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $59.53M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $61.12M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $839.61M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $989.92M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-55.97M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-57.13M USD Point-in-time
Stockholders' equity StockholdersEquity $1.22B USD Point-in-time
Stockholders' equity StockholdersEquity $1.07B USD Point-in-time
Non-controlling interest MinorityInterest $385.00K USD Point-in-time
Non-controlling interest MinorityInterest $388.00K USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.07B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.59B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.87B USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Total revenue Revenues $393.92M USD 1 Quarter
Total revenue Revenues $331.56M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $126.61M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $114.24M USD 1 Quarter
Acquisition-related costs BusinessCombinationIntegrationRelatedCosts $2.92M USD 1 Quarter
Acquisition-related costs BusinessCombinationIntegrationRelatedCosts $9.64M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $24.23M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $21.07M USD 1 Quarter
Foreign exchange loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $164.00K USD 1 Quarter
Foreign exchange loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $-277.00K USD 1 Quarter
Total operating expenses CostsAndExpenses $287.12M USD 1 Quarter
Total operating expenses CostsAndExpenses $330.90M 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 $169.82M USD 1 Quarter
Operating income OperatingIncomeLoss $232.84M USD 1 Quarter
Operating income OperatingIncomeLoss $44.50M USD 1 Quarter
Interest expense InterestExpense $8.95M USD 1 Quarter
Interest expense InterestExpense $20.69M USD 1 Quarter
Change in fair value of derivatives, net DerivativeGainLossOnDerivativeNet $1.26M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $920.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $36.56M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $214.34M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.42M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $36.24M USD 1 Quarter
Net income ProfitLoss $178.10M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Stockholders NetIncomeLoss $28.19M USD 1 Quarter
Stockholders NetIncomeLoss $178.09M USD 1 Quarter
Non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $7.00K USD 1 Quarter
Non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-49.00K USD 1 Quarter
Net income ProfitLoss $178.10M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Basic EarningsPerShareBasic $1.61 USD 1 Quarter
Basic EarningsPerShareBasic $0.26 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.60 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.25 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 109.97M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 110.65M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 111.66M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 111.27M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $178.10M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $24.23M USD 1 Quarter
Depreciation and amortization expenses DepreciationDepletionAndAmortization $21.07M USD 1 Quarter
Share-based payments expense ShareBasedCompensation $7.59M USD 1 Quarter
Share-based payments expense ShareBasedCompensation $7.19M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $12.43M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $963.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $248.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-459.00K 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 $169.82M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $848.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $720.00K USD 1 Quarter
Amortization of right-of-use assets AmortizationOfRightOfUseAssets $3.17M USD 1 Quarter
Amortization of right-of-use assets AmortizationOfRightOfUseAssets $3.46M USD 1 Quarter
Change in fair value of derivatives ChangeInFairValueOfDerivatives $-1.26M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.18M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.11M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-117.86M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-128.70M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $185.13M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $180.69M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireInterestInSubsidiariesAndAffiliates $63.00K USD 1 Quarter
Property, plant and equipment additions PaymentsToAcquirePropertyPlantAndEquipment $1.56M USD 1 Quarter
Property, plant and equipment additions PaymentsToAcquirePropertyPlantAndEquipment $2.00M USD 1 Quarter
Proceeds on disposition of property, plant and equipment ProceedsFromSaleOfPropertyHeldForSale $164.66M USD 1 Quarter
Proceeds on disposition of property, plant and equipment ProceedsFromSaleOfPropertyHeldForSale $66.00K USD 1 Quarter
Intangible asset additions PaymentsToAcquireIntangibleAssets $8.77M USD 1 Quarter
Intangible asset additions PaymentsToAcquireIntangibleAssets $7.76M USD 1 Quarter
Issuance of loans receivable PaymentsToAcquireLoansReceivable $1.10M USD 1 Quarter
Repayment of loans receivable ProceedsFromSaleOfLoansReceivable $224.00K USD 1 Quarter
Repayment of loans receivable ProceedsFromSaleOfLoansReceivable $1.21M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $154.94M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-10.04M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $27.66M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $24.18M USD 1 Quarter
Proceeds from exercise of options and share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $986.00K USD 1 Quarter
Proceeds from exercise of options and share option plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.72M USD 1 Quarter
Payment of withholding taxes on issuance of shares PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.53M 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 $15.38M USD 1 Quarter
Net increase (decrease) in short-term debt ProceedsFromRepaymentsOfShortTermDebt $-2.89M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $162.70M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $2.63M USD 1 Quarter
Debt issue costs PaymentsOfDebtIssuanceCosts $2.26M USD 1 Quarter
Repayment of finance lease obligations FinanceLeasePrincipalPayments $2.51M USD 1 Quarter
Repayment of finance lease obligations FinanceLeasePrincipalPayments $2.63M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-180.29M 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 $7.84M USD 1 Quarter
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.78M USD 1 Quarter
Increase CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $167.63M USD 1 Quarter
Increase CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $134.72M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.36B USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $441.62M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $306.89M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.36B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B 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 $306.89M USD Point-in-time
Stockholders Equity 27 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.07B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $28.14M USD 1 Quarter
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $178.10M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.17M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-10.36M USD 1 Quarter
Comprehensive income ComprehensiveIncomeLossIncludingPortionAttributableToContingentlyRedeemableNoncontrollingInterest $176.93M USD 1 Quarter
Comprehensive income ComprehensiveIncomeLossIncludingPortionAttributableToContingentlyRedeemableNoncontrollingInterest $17.78M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueStockOptionsExercised $6.72M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueStockOptionsExercised $986.00K USD 1 Quarter
Issuance of common stock related to vesting of share units TreasuryStockReissuedAtLowerThanRepurchasePriceConversionOfUnits $-9.30M USD 1 Quarter
Issuance of common stock related to vesting of share units TreasuryStockReissuedAtLowerThanRepurchasePriceConversionOfUnits $-3.55M USD 1 Quarter
Share based continuing employment costs related to business combinations ApicShareBasedPaymentArrangementIncreaseForContinuingEmploymentCosts $2.13M USD 1 Quarter
Share based continuing employment costs related to business combinations ApicShareBasedPaymentArrangementIncreaseForContinuingEmploymentCosts $2.55M USD 1 Quarter
Shares forfeited ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod 55,510.00 shares 1 Quarter
Stock option compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.86M USD 1 Quarter
Stock option compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $2.57M USD 1 Quarter
Equity-classified share unit expense PreferenceShareUnitExpense $2.78M USD 1 Quarter
Equity-classified share unit expense PreferenceShareUnitExpense $2.89M USD 1 Quarter
Cash dividends paid DividendsCommonStockCash $24.18M USD 1 Quarter
Cash dividends paid DividendsCommonStockCash $27.66M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.07B 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 $178.10M USD 1 Quarter
Net income ProfitLoss $28.14M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.17M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.36M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $176.93M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $17.78M USD 1 Quarter
Stockholders ComprehensiveIncomeNetOfTax $176.94M USD 1 Quarter
Stockholders ComprehensiveIncomeNetOfTax $17.84M USD 1 Quarter
Non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-3.00K USD 1 Quarter
Non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-65.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $176.93M 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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