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

Annual report pursuant to Section 13 and 15(d)

EQUIPMENT AND PROPERTY, NET

EQUIPMENT AND PROPERTY, NET

12 Months Ended

Dec. 31, 2022

EQUIPMENT AND PROPERTY, NET

EQUIPMENT AND PROPERTY, NET

5. EQUIPMENT AND PROPERTY, NET

Equipment and property are presented at cost less accumulated depreciation and are detailed as follows:


December 31,	2022		2021
(in thousands)
Buildings	$	51,223	$	54,935
Operating equipment		132,411		126,732
Furniture and fixtures		20,389		19,261
Computer equipment and systems		233,108		223,648
		437,131		424,576
Less: accumulated depreciation		(333,298)		(315,891)
		103,833		108,685
Land		24,213		24,572
Equipment and property, net	$	128,046	$	133,257

Included in computer equipment and systems at December 31, 2022 and 2021, are costs for internal use software of $147.1 million and $143.5 million, respectively. The related accumulated depreciation was $117.3 million and $105.3 million at December 31, 2022 and 2021, respectively.

Included in equipment and property, net at December 31, 2022 and 2021, are fixed assets held in foreign countries of $9.5 million, and $8.4 million, respectively.

Total depreciation expense was approximately $35.6 million in 2022, $40.6 million in 2021 and $40.6 million in 2020.