REPUBLIC SERVICES, INC.

Listed Company

RSGCIK 0001060391NYSELarge AcceleratedRefuse SystemsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$16.59B

Net Income

$2.14B

Total Assets

$34.37B

Equity

$11.97B

Shares Out

308.80M

Op. Cash Flow

$4.30B

Business

REPUBLIC SERVICES, INC. provides integrated environmental services focused on collection, processing, recycling and disposal of solid and industrial waste. It offers residential, small-container and large-container collection, transfer and recycling processing, landfill management, hazardous and non-hazardous waste treatment and specialized environmental solutions, including landfill gas-to-energy and polymer recycling capabilities. The company operates through distinct recycling and waste and environmental solutions groups that encompass collection operations, transfer stations, recycling centers, treatment and disposal facilities and sustainability innovation initiatives. Republic distributes services across North America through local collection operations, transfer and processing networks and partnerships with municipalities and national accounts.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	16,591	16,032	14,965	13,511	11,295
Cost of operations	9,630	9,350	8,943	8,205	6,738
Depreciation, depletion and amortization	1,814	1,677	1,501	1,352	1,186
Accretion	114	107	98	89	83
Selling, general and administrative	1,710	1,674	1,609	1,454	1,196
Adjustment to withdrawal liability for multiemployer pension funds	1	0	5	−2	0
Gain on business divestitures and impairments, net	0	−1	−4	−6	500,000
Restructuring charges	20	29	33	27	17
Operating income	3,302	3,196	2,780	2,392	2,076
Interest expense	−574	−539	−508	−395	—
Loss from unconsolidated equity method investments	−163	−255	−94	−166	−189
Loss on extinguishment of debt	0	−2	0	0	0
Interest income	8	9	6	3	3
Other income, net	21	23	7	−2	−500,000
Income before income taxes	2,594	2,432	2,191	1,832	1,575
Provision for income taxes	455	388	460	344	283
Net income	2,139	2,044	1,731	1,488	1,292
Net income attributable to non-controlling interests in consolidated subsidiary	0	−1	0	0	−2
Net income attributable to Republic Services, Inc.	2,139	2,043	1,731	1,488	1,290
Basic earnings per share (in dollars per share)	6.86	6.5	5.47	4.7	4.05
Weighted average common shares outstanding (in shares)	312	314	316	317	319
Diluted earnings per share (in dollars per share)	6.85	6.49	5.47	4.69	4.04
Weighted average common and common equivalent shares outstanding (in shares)	312	315	317	317	319
Cash dividends per common share (in dollars per share)	2.41	2.23	2.06	1.91	1.77

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	76	74	140	143	29
Accounts receivable, less allowance for doubtful accounts and other of $66 and $74, respectively	1,897	1,821	1,768	1,677	1,271
Prepaid expenses and other current assets	550	511	473	537	410
Total current assets	2,523	2,406	2,381	2,357	1,711
Restricted cash and marketable securities	259	208	164	128	139
Property and equipment, net	12,639	11,877	11,351	10,744	9,232
Goodwill	16,715	15,982	15,834	14,451	12,826
Other intangible assets, net	655	546	496	347	260
Other assets	1,575	1,383	1,184	1,026	788
Total assets	34,366	32,402	31,410	29,053	24,955
Accounts payable	1,374	1,345	1,412	1,222	910
Notes payable and current maturities of long-term debt	596	862	932	456	8
Deferred revenue	496	485	467	443	381
Accrued landfill and environmental costs, current portion	148	159	141	133	125
Accrued interest	109	101	104	79	62
Other accrued liabilities	1,205	1,176	1,172	1,058	930
Total current liabilities	3,928	4,128	4,228	3,391	2,416
Long-term debt, net of current maturities	12,985	11,851	11,887	11,330	9,546
Accrued landfill and environmental costs, net of current portion	2,608	2,432	2,281	2,141	1,838
Deferred income taxes and other long-term tax liabilities, net	1,884	1,594	1,527	1,529	1,230
Insurance reserves, net of current portion	436	402	349	315	304
Other long-term liabilities	556	588	595	661	642
Commitments and contingencies	—	—	—	—	—
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued	0	0	0	0	0
Common stock, par value $0.01 per share; 750 shares authorized; 313 and 313 issued including shares held in treasury, respectively	3	3	3	3	3
Additional paid-in capital	1,833	1,767	2,901	2,843	2,790
Retained earnings	11,161	9,774	8,434	7,356	6,476
Treasury stock, at cost; 5 and 1 shares, respectively	−1,000	−113	−784	−505	−275
Accumulated other comprehensive income, net of tax	−29	−26	−12	−12	−15
Total Republic Services, Inc. stockholders equity	11,968	11,405	10,542	9,686	8,979
Non-controlling interests in consolidated subsidiary	1	2	1	800,000	800,000
Total stockholders equity	11,969	11,407	10,543	9,686	8,978
Total liabilities and stockholders equity	34,366	32,402	31,410	29,053	24,955

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion, amortization and accretion	1,928	1,784	1,599	1,441	1,268
Non-cash interest expense	75	71	86	72	71
Deferred tax provision	269	87	102	181	−16
Other non-cash items	81	49	94	0	−1
Accounts receivable	−87	−76	−71	−199	−135
Prepaid expenses and other assets	−174	−171	−30	−84	−57
Accounts payable	−14	−27	83	106	114
Capping, closure and post-closure expenditures	−70	−56	−61	−65	−60
Remediation expenditures	−54	−62	−55	−55	−57
Other liabilities	40	14	43	65	101
Payments from retirement of certain hedging relationships	0	24	3	0	0
Cash provided by operating activities	4,296	3,936	3,618	3,190	2,787
Purchases of property and equipment	−1,887	−1,855	−1,631	−1,454	−1,316
Proceeds from sales of property and equipment	13	47	29	33	20
Cash used in acquisitions and investments, net of cash and restricted cash acquired	−1,430	−753	−2,065	−3,039	−1,222
Cash received from business divestitures	11	2	6	51	46
Other	−20	−2	−6	−14	−1
Cash used in investing activities	−3,313	−2,561	−3,667	−4,423	−2,466
Proceeds from credit facilities and notes payable, net of fees	37,715	24,020	39,221	16,446	5,154
Proceeds from issuance of senior notes, net of discount and fees	1,183	889	2,172	0	692
Payments of credit facilities and notes payable	−38,206	−25,109	−40,411	−14,282	−5,305
Issuances of common stock, net	−5	−14	−1	−13	−12
Purchases of common stock for treasury	−870	−482	−262	−203	−252
Cash dividends paid	−738	−687	−638	−593	−553
Distributions paid to non-controlling interests in consolidated subsidiary	−1	0	0	−1	−33
Contingent consideration payments	−16	−15	−19	−10	−21
Cash (used in) provided by financing activities	−938	−1,398	62	1,344	−329
Effect of foreign exchange rate changes on cash	1	−2	1	—	—
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	46	−25	14	108	−9

Filings

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