Last10K.com

Ads Waste Holdings, Inc. (ADSW) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Advanced Disposal Services, Inc.

CIK: 1585790 Ticker: ADSW

Exhibit 99.1

FOR IMMEDIATE RELEASE

ADS WASTE HOLDINGS, INC. ANNOUNCES Q4 2013 RESULTS

PONTE VEDRA, Fla. (March 20, 2014) –

ADS Waste Holdings, Inc. announced today revenue of $333.6 million for the three months ended December 31, 2013 versus $196.9 million for the comparable period in 2012. Net loss for the three month period ended December 31, 2013 was $36.0 million versus $186.2 million for the comparable 2012 period. Excluding costs associated with the integration of the acquisition of Veolia ES Solid Waste (“Veolia”) and restructuring charges of $10.5 million and $40.9 million, debt conversion costs and early extinguishment of debt and non-cash impairment charges, adjusted net loss from continuing operations for the three months ended December 31, 2013 was $16.9 million compared to a net loss of $12.9 million in 2012 and operating income for the three months ended December 31, 2013 and 2012 would have been $12.4 million and $2.9 million, respectively.

“We have increased our proforma revenue from continuing operations by 3.8% over the comparable quarter in 2012 and improved our adjusted EBITDA margin from continuing operations over the comparable quarter by 120 basis points. We have substantially completed our integration and rebranding efforts across the areas in which we operate and continue to focus on our overall growth strategy. This year represented a substantial year of change in our Company and we focused on ensuring that we successfully integrated these three companies. Part of that focus was directed on deploying capital appropriately and we successfully implemented purchasing programs to drive reductions in our capital spending. Our capital spending as percent of revenue decreased by 190 basis points year over year.” said Charlie Appleby, CEO.

Our adjusted free cash flow for the twelve months ended December 31, 2013 was $71.3 million compared to $12.4 million for the comparable period in the prior year. See the “Reconciliation of Certain Non-GAAP Measures” Schedule contained herein.

Excluding certain charges associated with restructuring and integration and rebranding efforts, as well as items permitted to be excluded under the provisions of the term B loan credit agreement, adjusted proforma EBITDA from continuing operations for the three months ended December 31, 2013 was $92.8 million compared to $88.0 million for the three months ended December 31, 2012. The calculation of free cash flow as well as the details of charges and other expenses that are excluded from EBITDA in arriving at adjusted EBITDA and adjusted proforma EBITDA is contained in the “Reconciliation of Certain Non-GAAP Measures” section of this press release.

 

  (a) For purposes of this press release within the commentary, all reference to “Net loss” refer to the financial statement line item “Net loss attributable to ADS Waste Holdings, Inc.”

 

  (b) This press release contains a discussion of non-GAAP measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP, but believes that also discussing non-GAAP measures (such as adjusted net loss, adjusted net loss from continuing operations, proforma revenue, EBITDA, adjusted EBITDA, adjusted proforma EBITDA, free cash flow and adjusted free cash flow) provides investors with (i) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations and (ii) financial measures the Company uses in the management of its business. Accordingly, net (loss) and income from operations have been presented in certain instances excluding special items noted in this press release.


The following information was filed by Advanced Disposal Services, Inc. (ADSW) on Friday, March 21, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Advanced Disposal Services, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Advanced Disposal Services, Inc..

Continue

Assess how Advanced Disposal Services, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Advanced Disposal Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accrued Expenses
Accrued Expenses (tables)
Accrued Expenses - Summary Of Accrued Expenses (detail)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (tables)
Accumulated Other Comprehensive Income - Schedule Of Derivative Gain (loss) Recognized Out Of Each Component Of Accumulated Other Comprehensive Income (detail)
Accumulated Other Comprehensive Income - Summary Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (detail)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Acquisitions - Revenue And Earnings Of Included In Consolidated Statements Of Operations (detail)
Acquisitions - Schedule Of Business Acquisition, Pro Forma Information (detail)
Acquisitions - Schedule Of Goodwill Assigned To Company's Operating Segments (detail)
Acquisitions - Schedule Of Purchase Price Allocation To Other Intangible Assets (detail)
Acquisitions - Schedule Of Weighted Average Remaining Life Of Other Intangible Assets (detail)
Acquisitions - Summary Of Estimated Fair Values Of Assets Acquired And Liabilities Assumed (detail)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (detail)
Benefit Plans - Participation In Multiemployer Plans Considered To Be Individually Significant (detail)
Benefit Plans - Participation In Multiemployer Plans Considered To Be Individually Significant (parenthetical) (detail)
Business Operations
Business Operations - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities - Additional Information (detail)
Derivative Instruments And Hedging Activities - Summary Of Fair Value Of Derivative Instruments Recorded In Combined Consolidated Balance Sheets (detail)
Derivative Instruments And Hedging Activities - Summary Of Impacts Of Periodic Settlements Of Terminated Swap Agreements On Company's Results Of Operations (detail)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Discontinued Operations - Summary Of Assets And Liabilities From Discontinued Operations (detail)
Discontinued Operations - Summary Of Revenues And Expenses From Discontinued Operations (detail)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (tables)
Fair Value Of Financial Instruments - Assets And Liabilities Measured At Fair Value On Recurring Basis (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Provision For Income Taxes (detail)
Income Taxes - Reconciliation Between Provision For Income Taxes And Expected Tax Provision (detail)
Income Taxes - Reconciliation Of Beginning And Ending Amount Of Gross Unrecognized Tax Benefits (detail)
Income Taxes - Summary Of Company's Deferred Tax Assets And Liabilities (detail)
Insurance
Insurance - Additional Information (detail)
Landfill Accounting
Landfill Accounting (tables)
Landfill Accounting - Summary Of Liabilities For Final Closure And Post-closure Costs (detail)
Leases
Leases (tables)
Leases - Additional Information (detail)
Leases - Schedule Of Future Minimum Lease Payments (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Schedule Of Annual Aggregate Principal Maturities (detail)
Long-term Debt - Schedule Of Estimated Fair Value Of Debt (detail)
Long-term Debt - Schedule Of Total Leverage Ratio (detail)
Long-term Debt - Summary Of Long-term Debt (detail)
Long-term Debt - Summary Of Long-term Debt (parenthetical) (detail)
Other Intangible Assets, Net And Goodwill
Other Intangible Assets, Net And Goodwill (tables)
Other Intangible Assets, Net And Goodwill - Additional Information (detail)
Other Intangible Assets, Net And Goodwill - Schedule Of Changes In The Carrying Amount Of Goodwill (detail)
Other Intangible Assets, Net And Goodwill - Schedule Of Future Amortization Expense For Intangible Assets (detail)
Other Intangible Assets, Net And Goodwill - Schedule Of Intangible Assets, Net (detail)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (tables)
Prepaid Expenses And Other Current Assets - Summary Of Prepaid Expenses And Other Current Assets (detail)
Property And Equipment, Net
Property And Equipment, Net (tables)
Property And Equipment, Net - Additional Information (detail)
Property And Equipment, Net - Schedule Of Property And Equipment, Net (detail)
Quarterly Financial Data
Quarterly Financial Data (tables)
Quarterly Financial Data - Summary Of Quarterly Results Of Operations (detail)
Restricted Cash
Restricted Cash (tables)
Restricted Cash - Schedule Of Restricted Cash (detail)
Restructuring
Restructuring (tables)
Restructuring - Additional Information (detail)
Restructuring - Schedule Of Restructuring Costs Included In Accompanying Consolidated Statements Of Operations (detail)
Restructuring - Schedule Of Restructuring Costs Included In Accrued Expenses In Accompanying Consolidated Financial Statements (detail)
Segment And Related Information
Segment And Related Information (tables)
Segment And Related Information - Additional Information (detail)
Segment And Related Information - Summary Of Financial Information Concerning Reportable Segments (detail)
Stockholders' Equity And Stock Options
Stockholders' Equity And Stock Options (tables)
Stockholders' Equity And Stock Options - Additional Information (detail)
Stockholders' Equity And Stock Options - Summary Of Fair Value Of Option Granted Using Following Assumptions (detail)
Stockholders' Equity And Stock Options - Summary Of Stock Option Outstanding (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Estimated Useful Lives Of Property And Equipment, Net (detail)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (tables)
Supplemental Cash Flow Information - Schedule Of Supplemental Cash Flow Information (detail)
Valuation Allowances
Valuation Allowances (tables)
Valuation Allowances - Deferred Tax Asset Valuation Allowances (detail)
Valuation Allowances - Summary Of Allowance For Doubtful Accounts (detail)
Ticker: ADSW
CIK: 1585790
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-110280
Submitted to the SEC: Fri Mar 21 2014 4:00:09 PM EST
Accepted by the SEC: Fri Mar 21 2014
Period: Tuesday, December 31, 2013
Industry: Refuse Systems

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/adsw/0001193125-14-110280.htm