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Ads Waste Holdings, Inc. (ADSW) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Advanced Disposal Services, Inc.

CIK: 1585790 Ticker: ADSW


Exhibit 99.1
FOR IMMEDIATE RELEASE
Advanced Disposal Announces Fourth Quarter and Full Year 2014 Year End Results
Company Continues Momentum from Third Quarter to Produce Fourth Quarter and Full Year Adjusted EBITDA Gains Versus 2013
(in millions, unless otherwise noted)
PONTE VEDRA, Fla. (March 9, 2015) –
ADS Waste Holdings, Inc., (d/b/a Advanced Disposal) announced today revenue of $353.7 for the fourth quarter of 2014 versus $333.6 for comparable period in 2013, an increase of $20.1. Quarterly adjusted EBITDA rose $9.3 to $98.0 and adjusted EBITDA margin improved 110 basis points. Net income from continuing operations for the three months ending December 31, 2014 was $24.1 compared to a net loss of $30.4 for the comparable period, which reflects a favorable tax benefit in connection with a release of valuation allowance of $51.4, partially offset by the impact of losses on fuel derivatives of $27.3.
For the full year ending December 31, 2014, Advanced Disposal generated revenue of $1,403.0 versus $1,319.1 for the comparable period in 2013, an increase of $83.9, and adjusted EBITDA of $376.9 for the year ended December 31, 2014, an increase of $14.7 over the same period prior year. Net loss from continuing operations for the year ending December 31, 2014 was $17.4 versus $95.3 for the comparable 2013 period, which reflects a favorable tax benefit in connection with a release of valuation allowance of $51.4, partially offset by the impact of losses on fuel derivatives of $27.3.
“We continued to build upon our success from the third quarter and maintained that momentum in order to drive an overall increase in adjusted EBITDA for the year. Our disciplined approach to pricing and volume, as well as our focus on driving down selling, general and administrative costs provides us with a strong foundation on which to grow the business for the future. We increased our revenue from continuing operations by 6.4% over the comparable period in 2013, increased our adjusted EBITDA by $14.7 and increased our adjusted free cash flow by $22.9. In a year of change, we are pleased with these results and our team is committed to continuing to create value for our stakeholders.” said Richard Burke, CEO.
The calculation of free cash flow, details of charges and other expenses that are excluded from EBITDA in arriving at adjusted EBITDA and details of charges and other expenses that are excluded from operating income in arriving at adjusted operating income are contained in the “Reconciliation of Certain Non-GAAP Measures” section of this press release.
 
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 loss, adjusted loss from continuing operations, adjusted operating income, EBITDA, adjusted proforma EBITDA from continuing operations, 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 that the Company uses in the management of its business. Accordingly, net (loss) and operating income 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 Monday, March 9, 2015 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.

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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 (details)
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 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 (details 2)
Business Operations
Business Operations - Additional Information (details)
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 (details)
Discontinued Operations - Summary Of Assets And Liabilities From Discontinued Operations (details)
Discontinued Operations - Summary Of Revenues And Expenses From Discontinued Operations (details)
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 (details)
Long-term Debt - Schedule Of Annual Aggregate Principal Maturities (details)
Long-term Debt - Schedule Of Estimated Fair Value Of Debt (details)
Long-term Debt - Schedule Of Total Leverage Ratio (details)
Long-term Debt - Summary Of Long-term Debt (details 2)
Long-term Debt - Summary Of Long-term Debt (details)
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 (unaudited)
Quarterly Financial Data (unaudited) (tables)
Quarterly Financial Data (unaudited) - Summary Of Quarterly Results Of Operations (details)
Restricted Cash
Restricted Cash (tables)
Restricted Cash - Schedule Of Restricted Cash (detail)
Restructuring
Restructuring (tables)
Restructuring - Additional Information (details)
Restructuring - Schedule Of Restructuring Costs (details)
Restructuring - Schedule Of Restructuring Reserve (details)
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 (details)
Stockholders' Equity And Stock Options - Summary Of Fair Value Of Option Granted Using Following Assumptions (details)
Stockholders' Equity And Stock Options - Summary Of Stock Option Outstanding (details)
Subsequent Events
Subsequent Events - Additional Information (details)
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 (details)
Valuation Allowances
Valuation Allowances (tables)
Valuation Allowances - Deferred Tax Asset Valuation Allowances (details)
Valuation Allowances - Summary Of Allowance For Doubtful Accounts (details)
Ticker: ADSW
CIK: 1585790
Form Type: 10-K Annual Report
Accession Number: 0001628280-15-001654
Submitted to the SEC: Tue Mar 10 2015 4:19:00 PM EST
Accepted by the SEC: Tue Mar 10 2015
Period: Wednesday, December 31, 2014
Industry: Refuse Systems

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