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Advanced Disposal Services, Inc. (ADSW) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Advanced Disposal Services, Inc.

CIK: 1585790 Ticker: ADSW


Exhibit 99.1
FOR IMMEDIATE RELEASE
ADVANCED DISPOSAL ANNOUNCES FOURTH QUARTER RESULTS
Fourth quarter revenue grows at a company best 9.2% year-over-year
Full year cash from operations and adjusted free cash flow up 30% and 40%, respectively, versus prior year
PONTE VEDRA, Fla. (February 22, 2018) –
Advanced Disposal Services, Inc. (NYSE: ADSW), (d/b/a Advanced Disposal) announced today revenue for the three months ended December 31, 2017 of $384.4 million versus $352.0 million in the same period of the prior year. Net income during fourth quarter 2017 was $42.0 million, or $0.47 per diluted share, versus a net loss of $20.1 million, or $0.24 per diluted share in fourth quarter 2016. Excluding certain gains and expenses, adjusted net income in fourth quarter 2017 was $11.2 million and adjusted diluted earnings per share was $0.13.

"One of our key areas of focus is cash flow generation, and we are pleased that for 2017 Advanced Disposal achieved a 30% increase in cash from operations and 40% increase in adjusted free cash flow year-over-year" said Richard Burke, CEO. "We also are seeing strong top-line growth, which should position us well as we move into 2018."

Fourth Quarter and Full Year Highlights
Fourth quarter revenue of $384.4 million was up 9.2% over the prior year
Achieved fourth quarter average yield of 1.1% and organic volume growth of 2.9% led by strong disposal volume
Year-over-year growth from acquisitions was 5.5% in the fourth quarter due to the first quarter purchase of CGS Services, Inc. and thirteen tuck-in acquisitions completed during 2017
Net income for the fourth quarter was $42.0 million or $0.47 per diluted share aided in part by a $40.4 million tax impact from the Tax Cuts and Jobs Act
Adjusted EBITDA of $108.8 million for the fourth quarter up $1.1 million year-over-year despite impacts from healthcare costs and net fuel costs that were a $3.4 million headwind
Adjusted net income was $11.2 million for the fourth quarter and adjusted diluted earnings per share was $0.13
Full year revenue of $1,507.6 million was up 7.3% over the prior year
Net income for the full year was $38.3 million and adjusted EBITDA grew $7 million to $418.1 million
Became a majority independent Board of Directors and all committees are now comprised of independent directors
Received a credit rating upgrade by Standard & Poor's
Reduced the interest rate on the company's $1.46 billion of Term Loan B debt by 50 basis points to LIBOR+225 basis points
Full year cash provided by operating activities was $308.8 million, an increase of 30%
Full year adjusted free cash flow increased 40% to $131.8 million

Fiscal Year 2018 Guidance
Advanced Disposal's guidance is based on current economic conditions and does not assume any significant changes in the overall economy during 2018. Please refer to the Special Note Regarding Forward-Looking Statements section of this press release.
Revenue is estimated to be between $1,545 million and $1,565 million. This includes average yield of 2.1% to 2.8%, organic volume of 0.4% to 1.0%, acquisition rollover revenue of 1.3%, and an estimated (1.4%) impact from lower revenue from the sale of commodities and the adoption of the new revenue recognition standard.
Adjusted EBITDA is estimated to be between $426 million and $436 million.
Capital expenditures are estimated to be between $184 million and $194 million.
Adjusted free cash flow is estimated to be between $134 million and $144 million.

Advanced Disposal will conduct a quarterly earnings conference call on February 23, 2018 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 3099638 or
the Advanced Disposal Q4 2017 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 and net income (loss) in arriving at adjusted EBITDA and adjusted net income, 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, February 22, 2018 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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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 Income (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 (loss)
Accumulated Other Comprehensive Income (loss) (tables)
Accumulated Other Comprehensive Income (loss) - Derivative Gain (loss) Recognized In Oci (details)
Accumulated Other Comprehensive Income (loss) - Summary Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (details)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (details)
Acquisitions - Purchase Price Allocation To Other Intangible Assets (details)
Acquisitions - Summary Of Estimated Fair Values Of Assets Acquired And Liabilities Assumed (details)
Acquisitions - Weighted Average Remaining Life Of Other Intangible Assets (details)
Allowance For Doubtful Accounts
Allowance For Doubtful Accounts (tables)
Allowance For Doubtful Accounts - Summary Of Allowance For Doubtful Accounts (details)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (details)
Benefit Plans - Company's Participation In Multiemployer Plans Individually Significant (details)
Business Operations
Business Operations - Additional Information (details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities - Additional Information (details)
Derivative Instruments And Hedging Activities - Summary Of Fair Value Of Derivative Instruments Recorded In Combined Consolidated Balance Sheets (details)
Equity Method Investment (notes)
Equity Method Investment (tables)
Equity Method Investment - Narrative (details)
Equity Method Investment - Summary Of Balance Sheet Information (details)
Equity Method Investment - Summary Of Income Statement Information (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 (details)
Income (loss) Per Share
Income (loss) Per Share (details)
Income (loss) Per Share (tables)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (details)
Income Taxes - Components Of Benefit For Income Taxes (details)
Income Taxes - Reconciliation Between Benefit For Income Taxes And Expected Tax Provision (details)
Income Taxes - Reconciliation Of Beginning And Ending Amount Of Gross Unrecognized Tax Benefits (details)
Income Taxes - Summary Of Company's Deferred Tax Assets And Liabilities (details)
Insurance
Insurance - Additional Information (details)
Landfill Accounting
Landfill Accounting (tables)
Landfill Accounting - Summary Of Liabilities For Final Closure And Post-closure Costs (details)
Leases
Leases (tables)
Leases - Additional Information (details)
Leases - Future Minimum Lease Payments (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (details)
Long-term Debt - Annual Aggregate Principal Maturities (details)
Long-term Debt - Fair Value Of Debt (details)
Long-term Debt - Summary Of Long-term Debt (details)
Long-term Debt - Summary Of Long-term Debt - Interest Rates (details)
Long-term Debt Long Term Debt - Redemption Prices (details)
Long-term Debt Long-term Debt - Unconditional Purchase Commitments (details)
New Accounting Standards Pending Adoption
Other Intangible Assets, Net And Goodwill
Other Intangible Assets, Net And Goodwill (tables)
Other Intangible Assets, Net And Goodwill - Changes In The Carrying Amount Of Goodwill (details)
Other Intangible Assets, Net And Goodwill - Future Amortization Expense For Intangible Assets (details)
Other Intangible Assets, Net And Goodwill - Schedule Of Intangible Assets, Net (details)
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 (details)
Property And Equipment, Net - Schedule Of Property And Equipment, Net (details)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Quarterly Financial Data (unaudited) - Summary Of Quarterly Results Of Operations (details)
Restructuring
Restructuring (tables)
Restructuring - Additional Information (details)
Restructuring - 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 Awards
Stockholders' Equity And Stock Awards (tables)
Stockholders' Equity And Stock Awards - Additional Information (details)
Stockholders' Equity And Stock Awards - Fair Value Of Option Granted And Assumptions Used (details)
Stockholders' Equity And Stock Awards - Restricted Stock, Restricted Stock Units, And Performance Stock Units Activity (details)
Stockholders' Equity And Stock Awards - Stock Options Outstanding (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 (details)
Summary Of Significant Accounting Policies - Estimated Useful Lives Of Property And Equipment, Net (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (tables)
Supplemental Cash Flow Information - Schedule Of Supplemental Cash Flow Information (details)
Ticker: ADSW
CIK: 1585790
Form Type: 10-K Annual Report
Accession Number: 0001628280-18-002527
Submitted to the SEC: Wed Feb 28 2018 5:22:41 PM EST
Accepted by the SEC: Wed Feb 28 2018
Period: Sunday, December 31, 2017
Industry: Refuse Systems

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