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Republic Services, Inc. (RSG) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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RSG Annual Reports

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
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Republic Services, Inc. Reports
Fourth Quarter and Full-Year Results;
Provides 2022 Full-Year Guidance
Fourth Quarter Total Revenue Growth of 15 Percent
Delivered Fourth Quarter Earnings Per Share of $0.98 and Adjusted Earnings Per Share of $1.02
Generated Cash Flow from Operations of $2.79 Billion and Adjusted Free Cash Flow of $1.52 Billion in 2021
Exceeded Full-Year Financial Guidance by Growing Adjusted Free Cash Flow 23 Percent and Adjusted EPS 17 Percent
Expanded Adjusted EBITDA Margin 60 Basis Points Over 2020 Full-Year Results
Invested Over $1 Billion in Acquisitions and Returned $805 Million of Cash to Shareholders in 2021

PHOENIX (February 10, 2022)
Republic Services, Inc. (NYSE: RSG) today reported net income of $313.1 million, or $0.98 per diluted share, for the three months ended December 31, 2021, versus $235.5 million, or $0.74 per diluted share, for the comparable 2020 period. Excluding certain benefits and expenses, on an adjusted basis, net income for the three months ended December 31, 2021 was $325.5 million, or $1.02 per diluted share, versus $320.4 million, or $1.00 per diluted share, for the comparable 2020 period.

For the year ended December 31, 2021, net income was $1,290.4 million, or $4.04 per diluted share, versus $967.2 million, or $3.02 per diluted share, for 2020. On an adjusted basis, net income for the year ended December 31, 2021 was $1,330.6 million, or $4.17 per diluted share, versus $1,137.8 million, or $3.56 per diluted share, for 2020.

“We finished the year strong, capping off our best year of financial performance in Company history. We consistently exceeded expectations and delivered double digit growth in revenue, EBITDA, earnings and free cash flow during the year,” said Jon Vander Ark, president and chief executive officer. “Additionally, we invested over $1 billion in value-creating acquisitions and returned over $800 million to shareholders
1

The following information was filed by Republic Services, Inc. (RSG) on Thursday, February 10, 2022 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 Republic Services, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Basis Of Presentation
Basis Of Presentation (Details)
Business Acquisitions, Investments And Restructuring Charges
Business Acquisitions, Investments And Restructuring Charges (Acquisitions) (Details)
Business Acquisitions, Investments And Restructuring Charges (Investments) (Details)
Business Acquisitions, Investments And Restructuring Charges (Restructuring Charges) (Details)
Business Acquisitions, Investments And Restructuring Charges (Tables)
Changes In Accumulated Other Comprehensive Income (Loss) By Component
Changes In Accumulated Other Comprehensive Income (Loss) By Component (Details)
Changes In Accumulated Other Comprehensive Income (Loss) By Component (Reclassifications) (Details)
Changes In Accumulated Other Comprehensive Income (Loss) By Component (Tables)
Commitment And Contingencies ( Schedule Of Cash, Cash Equivalents And Restricted Cash) (Details)
Commitments And Contingencies
Commitments And Contingencies (Financial Instruments And Collateral) (Details)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Restricted Cash And Marketable Securities) (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies (Unconditional Purchase Commitments) (Details)
Debt
Debt (Carrying Value Of Debt) (Details)
Debt (Cash Flow Hedges) (Details)
Debt (Credit Facilities) (Details)
Debt (Derivative Contracts) (Details)
Debt (Fair Value Hedges) (Details)
Debt (Finance Leases) (Details)
Debt (Future Maturities Of Debt) (Details)
Debt (Interest Paid) (Details)
Debt (Loss On Extinguishment Of Debt And Other Related Costs) (Details)
Debt (Senior Notes And Debentures) (Details)
Debt (Tables)
Debt (Tax-Exempt Financings) (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Accumulated Benefit Obligation) (Details)
Employee Benefit Plans (Collective Bargaining Agreements And Multiemployer Pension Plans) (Details)
Employee Benefit Plans (Deferred Compensation Plan) (Details)
Employee Benefit Plans (Defined Benefit Pension Plan) (Details)
Employee Benefit Plans (Defined Contribution Plan) (Details)
Employee Benefit Plans (Employee Stock Purchase Plan) (Details)
Employee Benefit Plans (Estimated Future Benefit Payments) (Details)
Employee Benefit Plans (Fair Value Measurements) (Details)
Employee Benefit Plans (Net Periodic Benefit Cost) (Details)
Employee Benefit Plans (Pension Plans) (Details)
Employee Benefit Plans (Performance Shares Activity) (Details)
Employee Benefit Plans (Performance Shares And Compensation Expense) (Details)
Employee Benefit Plans (Restricted Stock Unit Activity) (Details)
Employee Benefit Plans (Restricted Stock Units) (Details)
Employee Benefit Plans (Stock-Based Compensation Narrative) (Details)
Employee Benefit Plans (Tables)
Employee Benefit Plans (Target Asset Allocation) (Details)
Financial Instruments
Financial Instruments (Fair Value Measurements) (Details)
Financial Instruments (Fair Value Of Assets And Liabilities) (Details)
Financial Instruments (Outstanding Costless Collar Hedges) (Details)
Financial Instruments (Tables)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Finite-Lived Intangible Assets) (Details)
Goodwill And Other Intangible Assets, Net (Future Amortization Expense) (Details)
Goodwill And Other Intangible Assets, Net (Narrative) (Details)
Goodwill And Other Intangible Assets, Net (Schedule Of Goodwill) (Details)
Goodwill And Other Intangible Assets, Net (Tables)
Income Taxes
Income Taxes (Deferred Income Tax Asset And Liability) (Details)
Income Taxes (Deferred Tax Valuation Allowance) (Details)
Income Taxes (Effective Tax Rate) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Provision For Income Taxes) (Details)
Income Taxes (Tables)
Income Taxes (Unrecognized Tax Benefits) (Details)
Landfill And Environmental Costs
Landfill And Environmental Costs (Accrued Landfill And Environmental Liabilities) (Details)
Landfill And Environmental Costs (Asset Retirement Obligation Liabilities) (Details)
Landfill And Environmental Costs (Environmental Remediation Liabilities) (Details)
Landfill And Environmental Costs (Expected Future Payments For Final Capping, Closure And Post-Closure) (Details)
Landfill And Environmental Costs (Expected Undiscounted Future Payments For Remediation Costs) (Details)
Landfill And Environmental Costs (Narrative) (Details)
Landfill And Environmental Costs (Tables)
Leases
Leases (Aggregate Principal Payments) (Details)
Leases (Cash Flow) (Details)
Leases (Lease Cost) (Details)
Leases (Leased Assets And Liabilities) (Details)
Leases (Maturity Schedule) (Details)
Leases (Narrative) (Details)
Leases (Tables)
Other Assets
Other Assets (Other Assets) (Details)
Other Assets (Prepaid Expenses And Other Current Assets) (Details)
Other Assets (Tables)
Other Liabilities
Other Liabilities (Insurance Reserves) (Details)
Other Liabilities (Narrative) (Details)
Other Liabilities (Other Accrued And Other Long-Term Liabilities) (Details)
Other Liabilities (Tables)
Property And Equipment, Net
Property And Equipment, Net (Details)
Property And Equipment, Net (Narrative) (Details)
Property And Equipment, Net (Tables)
Revenue
Revenue (Narrative) (Details)
Revenue (Revenue By Service Line) (Details)
Revenue (Tables)
Segment Reporting
Segment Reporting (Narrative) (Details)
Segment Reporting (Summarized Financial Information) (Details)
Segment Reporting (Tables)
Share Repurchases And Dividends
Share Repurchases And Dividends (Details)
Share Repurchases And Dividends (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Allowance For Doubtful Accounts) (Details)
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Property And Equipment) (Details)
Summary Of Significant Accounting Policies (Tables)
Ticker: RSG
CIK: 1060391
Form Type: 10-K Annual Report
Accession Number: 0001060391-22-000007
Submitted to the SEC: Thu Feb 10 2022 9:43:39 PM EST
Accepted by the SEC: Fri Feb 11 2022
Period: Friday, December 31, 2021
Industry: Refuse Systems

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