Rollins, Inc.

NYSE-ROL

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	163.5	141.5	105.2	105.7	136.9	129.4
Net Income
Depreciation & Amortization	32.2	31.7	29.2	30.5	27.7	27.7
Depreciation and Amortization
Share-Based Compensation Expense	10.1	11	8.8	7.2	7.2	8.4
Stock-Based Compensation Expense
Other Adjustments	12.9	10.1	22.9	-1.4	9.2	7
Pension Settlement Loss
Excess Tax Benefits from Share-Based Payments
Provision for Expected Credit Losses
Gain on Sale of Assets, Net
Gain on Sale of Businesses, Net
Provision for Deferred Income Taxes
Other Operating Activities, Net
Changes in Trade Receivables	-20	-49.3	-8.3	17.5	-31.7	-44.2
Change in Trade Accounts Receivable
Financing Receivables
Changes in Inventories	-0.3	-1	-1.1	-0.7	-1.1	-1.9
Materials and Supplies
Changes in Accounts Payable	-18.9	69.3	-25.3	35	-2.7	24.7
Accounts Payable and Accrued Expenses
Changes in Accrued Expenses	—	—	—	—	—	—
Accrued Insurance
Long-Term Accrued Liabilities
Changes in Unearned Revenue	-1.6	7.7	10.2	-21.6	4.8	10.6
Change in Unearned Revenue
Changes in Other Operating Activities	9.2	-39.6	5.2	67.8	-21	-16.6
Other Current Assets
Other Non-Current Assets
Pension Funding
Other Long-Term Assets and Liabilities
Change in Working Capital and Other Operating Activities
Changes in Operating Assets and Liabilities
Cash from Operating Activities	191.3	175.1	146.9	188.2	146.9	145.1
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-8.5	-7.1	-6.8	-4.2	-7.5	-8.7
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	2.4	2.1	1.4	1.1	0.7	1.6
Proceeds from Sale of Assets
Payments for Business Acquisitions	-34.7	-226.4	-27.2	-51.9	-23.9	-34.5
Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Businesses
Other Investing Activities	3.5	0.9	—	3.5	1.5	0.5
Investment Tax Credits
Cash from Sales of Franchises
Derivative Investments
Other, Net
Other Investing Activities, Net
Cash from Investing Activities	-39.7	-230.5	-32.6	-52.7	-29.9	-41.2
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	-60	65.5	11	85	120	161
Borrowings Under Revolving Commitment
Borrowings Under Commercial Paper, Net
Repayments of Short-Term Debt	—	-204	-408	-135	-177	-170
Repayments of Revolving Commitment
Net Issuance / (Repayments) of Short-Term Debt	-60	-138.5	-397	-50	-57	-9
Issuance of Long-Term Debt	—	246.1	492.2	—	—	—
Borrowings Under Term Loan
Issuance of Senior Notes
Repayments of Long-Term Debt	—	—	—	—	—	—
Repayments of Term Loan
Net Issuance / (Repayments) of Long-Term Debt	—	246.1	492.2	—	—	—
Repurchases of Common Shares	-3.7	-0.3	-14.7	-0.1	0	-0.2
Cash Paid for Common Stock Purchased
Net Issuance / (Repurchases) of Common Shares	-3.7	-0.3	-14.7	-0.1	0	-0.2
Common Share Dividends Paid	-80.1	-79.5	-79.9	-80	-72.8	-72.6
Payment of Dividends
Other Financing Activities	-70.9	-4.2	-5.2	-61.5	-62	-27.8
Payment of Contingent Consideration
Payment of Debt Issuance Costs
Excess Tax Benefits from Share-Based Payments
Other Financing Activities, Net
Net Borrowings
Cash from Financing Activities	-146.6	-24	-4.6	-135.2	-131.6	-109.6
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	182.8	168	140.1	184	139.4	136.4
NOPAT	169.2	146.7	109.2	109.5	141.8	134.8
Levered Free Cash Flow	115.5	310.1	211.9	162.6	80.1	156.2
Unlevered Free Cash Flow	181.2	207.7	120.6	216.4	141.9	170.7
Net Change in Cash	5.1	-79.4	109.7	0.3	-14.6	-5.7