RB GLOBAL INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
RBA$96.15+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows(Expressed in millions of U.S. dollars)(Unaudited)
| Nine months ended September 30, | 2024 | 2023 |
|---|---|---|
| Cash provided by (used in): | ||
| Operating activities: | ||
| Net income | $294.4 | $121.8 |
| Adjustments for items not affecting cash: | ||
| Depreciation and amortization | 329.9 | 246.9 |
| Share-based payments expense | 45.2 | 39.9 |
| Deferred income tax benefit | (44.5) | (31.4) |
| Unrealized foreign exchange (gain) loss | (0.5) | 5.4 |
| Gain on disposition of property, plant and equipment | (3.2) | (4.4) |
| Allowance for expected credit losses | 5.4 | — |
| Loss on redemption of notes | — | 3.3 |
| Gain on remeasurement of investment upon acquisition | — | (1.4) |
| Amortization of debt issuance costs | 9.7 | 7.1 |
| Amortization of right-of-use assets | 114.7 | 72.9 |
| Other, net | 16.1 | 7.0 |
| Net changes in operating assets and liabilities | (19.7) | (260.4) |
| Net cash provided by operating activities | 747.5 | 206.7 |
| Investing activities: | ||
| Acquisition of IAA, net of cash acquired | — | (2,755.2) |
| Acquisition of VeriTread, net of cash acquired | — | (24.7) |
| Property, plant and equipment additions | (110.8) | (153.6) |
| Proceeds on disposition of property, plant and equipment | 1.5 | 31.6 |
| Intangible asset additions | (83.7) | (83.3) |
| Proceeds from repayment of loans receivable | 6.3 | 2.3 |
| Issuance of loans receivable | (20.8) | (18.8) |
| Other | (2.1) | (0.6) |
| Net cash used in investing activities | (209.6) | (3,002.3) |
| Financing activities: | ||
| Issuance of Series A Senior Preferred Shares and common stock, net of issuance costs | — | 496.9 |
| Dividends paid to common stockholders | (152.4) | (248.7) |
| Dividends paid to Series A Senior Preferred shareholders | (25.6) | (21.9) |
| Proceeds from exercise of options and share option plans | 57.5 | 15.5 |
| Payment of withholding taxes on issuance of shares | (14.6) | (14.6) |
| Net increase (decrease) in short-term debt | 16.4 | (23.9) |
| Proceeds from long-term debt | — | 3,175.0 |
| Repayment of long-term debt | (353.3) | (603.3) |
| Payment of debt issue costs | — | (41.7) |
| Repayment of finance lease and equipment financing obligations | (19.7) | (13.6) |
| Proceeds from equipment financing obligations | 2.0 | 11.1 |
| Payment of contingent consideration | (1.9) | (2.0) |
| Net cash (used in) provided by financing activities | (491.6) | 2,728.8 |
| Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash | (4.1) | 0.1 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 42.2 | (66.7) |
| Cash, cash equivalents, and restricted cash, beginning of period | 747.9 | 625.9 |
| Cash, cash equivalents, and restricted cash, end of period | $790.1 | $559.2 |
| RB Global, Inc. | 6 |
|---|
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