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● | Generated Earnings of $0.81 Per Share and Adjusted Earnings of $0.82 Per Share, a 22 Percent Increase Over the Prior Year | |
● | Increased Cash Flow from Operations by $53 million and Adjusted Free Cash Flow by $42 million, a 17 Percent Increase Over the Prior Year | |
● | Solid Waste Business Contributed 80 Basis Points of Adjusted EBITDA Margin Expansion | |
● | Reaffirmed 2018 Adjusted Earnings Per Share and Adjusted Free Cash Flow Guidance | |
● | Provided Preliminary 2019 Financial Outlook | |
● | Named to the Dow Jones Sustainability World and North America Indices for the Third Consecutive Year |
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Republic Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2017, particularly under Part I, Item 1A - Risk Factors, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, particularly under Part II, Item 1A - Risk Factors.
Our definitions of adjusted pre-tax income, adjusted net income - Republic, and adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.
Risk management expenses decreased primarily due to favorable actuarial development in our workers compensation and auto liability programs during the three and nine months ended September 30, 2018 as compared to the same periods in 2017.
Operating income was favorably impacted by the increase in revenue for the three and nine months ended September 30, 2018, excluding the impact of the new revenue recognition standard.
We believe that presenting adjusted pre-tax income, adjusted net income - Republic, and adjusted diluted earnings per share, which are not measures determined in accordance with U.S. GAAP, provides an understanding of operational activities before the financial impact of certain items.
Depreciation, Amortization and Depletion of...Read more
The operating loss for the...Read more
Other selling, general and administrative...Read more
Operating income in Group 1...Read more
43 43 Table of Contents...Read more
Although our business regularly incurs...Read more
Incremental contract startup costs -...Read more
From time to time, this...Read more
Significant changes in the revenue...Read more
Operating income in Group 2...Read more
Operating income in Group 2...Read more
This change in revenue is...Read more
Maintenance and repairs expense increased...Read more
Our definition of adjusted diluted...Read more
Recycled commodities decreased revenue by...Read more
Final Capping, Closure and Post-Closure...Read more
Acquisitions, net of divestitures, increased...Read more
Our other intangible assets and...Read more
Asset or business divestitures could...Read more
The proceeds will amortize over...Read more
Financial Condition Cash and Cash...Read more
The following table reflects changes...Read more
The decrease in cash paid...Read more
We used the net proceeds...Read more
Credit Ratings Our continued access...Read more
Compliance with covenants also is...Read more
Gain on Disposition of Assets...Read more
The increase was partially offset...Read more
Cash Flows Used in Financing...Read more
Group 2 Revenue for the...Read more
Excluding the impact of the...Read more
During the three and nine...Read more
Additionally, energy services increased revenue...Read more
The following cost categories impacted...Read more
The following tables summarize our...Read more
Future changes in our estimates...Read more
Amortization of Other Intangible Assets...Read more
34 34 Table of Contents...Read more
(2) Cost of goods sold...Read more
If our credit ratings were...Read more
Selling, General and Administrative Expenses...Read more
Revenue for the nine months...Read more
Energy services increased revenue by...Read more
We also may explore opportunities...Read more
There was no ineffectiveness recognized...Read more
Where we cannot establish a...Read more
Among the factors that could...Read more
These fees fluctuate with the...Read more
The operating loss for the...Read more
During the three and nine...Read more
During the three and nine...Read more
During the three and nine...Read more
New Accounting Pronouncements For a...Read more
This increase was partially offset...Read more
The fuel recovery fee program,...Read more
During the three and nine...Read more
During the three and nine...Read more
However, subsequent events related to...Read more
We use cash flows from...Read more
42 42 Table of Contents...Read more
40 40 Table of Contents...Read more
In addition, the following items...Read more
Our effective tax rate, exclusive...Read more
As of September 30, 2018,...Read more
As of September 30, 2018,...Read more
We had $56.6 million of...Read more
The following is a summary...Read more
Gain on disposition of assets...Read more
We expect annual savings of...Read more
At current consumption levels, we...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Republic Services, Inc. provided additional information to their SEC Filing as exhibits
Ticker: RSG
CIK: 1060391
Form Type: 10-Q Quarterly Report
Accession Number: 0001060391-18-000033
Submitted to the SEC: Thu Oct 25 2018 12:19:04 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Refuse Systems