Rollins, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

REVENUE

REVENUE

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

3. REVENUE

Adoption of ASC 606, “Revenue from Contracts with Customers”. On January 1, 2018, and the Company adopted ASC 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2017. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC 605.

There was no material impact on the Company’s financial statements as a result of adopting ASC 606 for the twelve months ended December 31, 2018, 2017 and 2016.

The following tables present our revenues disaggregated by revenue source (in thousands, unaudited).

Sales and usage-based taxes are excluded from revenues. No sales to an individual customer or in a country other than the United States accounted for more than 10% of the sales for the periods listed on the following table. Revenue, classified by the major geographic areas in which our customers are located, was as follows:

	(in thousands)
	2018		2017		2016
United States	$	1,677,116	$	1,541,336	$	1,455,196
Other countries		144,449		132,621		118,281
Total Revenues	$	1,821,565	$	1,673,957	$	1,573,477

Revenue from external customers, classified by significant product and service offerings, was as follows:

	(in thousands)
	2018		2017		2016
Residential revenue	$	773,932	$	705,787	$	663,776
Commercial revenue		707,386		666,523		634,767
Termite completions, bait monitoring, and renewals		332,573		294,982		269,431
Other revenues		7,674		6,665		5,503
Total Revenues	$	1,821,565	$	1,673,957	$	1,573,477