Last10K.com

Advanced Disposal Services, Inc. (ADSW) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Advanced Disposal Services, Inc.

HISTORY TOOLS
CIK: 1585790 Ticker: ADSW


Exhibit 99.1
FOR IMMEDIATE RELEASE
Advanced Disposal Announces Fourth Quarter and Full Year 2015 Year End Results
Company Builds on Momentum from Prior Quarters to Achieve Key Annual Financial Milestones
PONTE VEDRA, Fla. (March 3, 2016) –
 Advanced Disposal Services, Inc., (d/b/a Advanced Disposal) announced today revenue for the three months ended December 31, 2015 of $349.6 million versus $353.7 million in the same period of the prior year. Adjusted EBITDA for the fourth quarter was $101.5 million compared to $99.8 million in the fourth quarter of 2014 and loss from continuing operations before income taxes improved $30.1 million to $14.4 million. Advanced Disposal achieved pricing yields of 2.2% in the fourth quarter of 2015 and enhanced adjusted EBITDA margins by 80 basis points to 29.0%.

For the year ended December 31, 2015, revenue was $1,396.4 million versus $1,403.0 million for the year ended December 31, 2014. Adjusted EBITDA was $400.0 million versus $378.8 million in 2014 and loss from continuing operations before income taxes improved by $45.0 million to $53.0 million. Additionally, operating cash flows improved versus 2014 and adjusted free cash flow excluding realized loss on fuel derivatives was 11% higher year-over-year.

Advanced Disposal remained active in the acquisition market during 2015 by spending $50.0 million of cash to complete 12 acquisitions. Of that total, 5 acquisitions were completed during the fourth quarter for approximately $25.0 million. The company also divested or rationalized certain non-core operations, lowering year-over-year revenue and improving margins.

"Achieving our target of $400.0 million of adjusted EBITDA marks a key financial milestone in our company's history" said Richard Burke, CEO. "At the same time, we were able to expand adjusted EBITDA margins by 160 basis points. Our strategy of disciplined pricing, strengthening our competitive position in the vertically integrated markets we serve through accretive tuck-in acquisitions, controlling costs, and providing an excellent customer experience will continue. By taking these steps, we plan to build on the success we had in 2015."

Advanced Disposal will conduct a quarterly earnings conference call on March 4, 2016 at 10:00 a.m. EST. The call can be accessed by dialing (866) 478-7805 domestically or (832) 445-1679 internationally and asking for conference ID 12094267 or the Advanced Disposal Q4 2015 earnings call. This call will be recorded and available via replay approximately two hours after the completion of the earnings call for thirty days. You may access the recording by dialing (855) 859-2056 or through the link on the investor relations page of our website at www.AdvancedDisposal.com.

The calculation of free cash flow and adjusted free cash flow, as well as details of charges and other expenses that are excluded from EBITDA in arriving at adjusted EBITDA, are contained in the “Reconciliation of Certain Non-GAAP Measures” section of this press release.


The following information was filed by Advanced Disposal Services, Inc. (ADSW) on Thursday, March 3, 2016 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 2016 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 (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 - 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)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (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: 0001628280-16-012283
Submitted to the SEC: Fri Mar 04 2016 1:29:13 PM EST
Accepted by the SEC: Fri Mar 04 2016
Period: Thursday, December 31, 2015
Industry: Refuse Systems

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/adsw/0001628280-16-012283.htm