Rollins, Inc. Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

9 Months Ended

Sep. 30, 2023

Revenue, classified by the major geographic areas in which our customers are located, was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
United States	$	782,073	$	676,408	$	2,155,237	$	1,884,571
Other countries	58,354		53,296		163,955		149,862
Total Revenues	$	840,427	$	729,704	$	2,319,192	$	2,034,433

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Residential revenue	$	404,305	$	337,878	$	1,073,575	$	922,448
Commercial revenue	272,207		243,478		762,573		683,748
Termite completions, bait monitoring, & renewals	155,099		139,668		458,527		406,155
Franchise revenues	4,291		4,068		12,381		11,960
Other revenues	4,525		4,612		12,136		10,122
Total Revenues	$	840,427	$	729,704	$	2,319,192	$	2,034,433

Changes in unearned revenue were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Beginning balance	$	218,274	$	192,972	$	187,994	$	168,607
Deferral of unearned revenue	61,354		54,946		204,891		180,209
Recognition of unearned revenue	(59,375)		(51,553)		(172,632)		(152,451)
Ending balance	$	220,253	$	196,365	$	220,253	$	196,365