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Republic Services, Inc. (RSG) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

SEC Filings

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
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Republic Services, Inc. Reports
First Quarter 2019 Results

Reaffirmed 2019 Adjusted Earnings Per Share and Adjusted Free Cash Flow Guidance
Generated Earnings of $0.72 Per Share and Adjusted Earnings of $0.73 Per Share
Revenue Growth Driven by Strong Pricing, Including Core Price of 4.7% and Average Yield of 2.9%
Returned $233 Million to Shareholders Through Dividends and Share Repurchases
Named to World's Most Ethical Companies® List by the Ethisphere Institute and Barron's 100 Most Sustainable U.S. Companies List

PHOENIX (April 25, 2019) – Republic Services, Inc. (NYSE: RSG) today reported net income of $234.2 million, or $0.72 per diluted share, for the three months ended March 31, 2019, versus $237.7 million, or $0.72 per diluted share, for the comparable 2018 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended March 31, 2019, was $237.2 million, or $0.73 per diluted share, versus $246.3 million, or $0.74 per diluted share, for the comparable 2018 period.

“We are very pleased with our first quarter results, which included solid earnings and free cash flow, an $86 million investment in acquisitions and $233 million returned to shareholders through dividends and share repurchases,” said Donald W. Slager, president and chief executive officer. “Given the strength of our solid waste business and the collective efforts of the Republic Services team, we are reaffirming our 2019 adjusted EPS and free cash flow guidance, despite a continued decline in recycled commodity prices.”

First-Quarter Highlights:

EPS was $0.72 per share. Adjusted EPS, a non-GAAP measure, was $0.73 per share and included a 1-cent headwind due to the timing of tax-related expenses, relative to the Company's guidance.

Cash provided by operating activities was $554 million and adjusted free cash flow, a non-GAAP measure, was $349 million.

Total cash returned to shareholders through dividends and share repurchases was $233 million.

1

The following information was filed by Republic Services, Inc. (RSG) on Thursday, April 25, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Republic Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Republic Services, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Unaudited Consolidated Statement Of Stockholders' Equity
Unaudited Consolidated Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income
Unaudited Consolidated Statements Of Income
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
Business Acquisitions, Investments And Restructuring Charges
Business Acquisitions, Investments And Restructuring Charges (Tables)
Business Acquisitions, Investments And Restructuring Charges - Acquisitions (Details)
Business Acquisitions, Investments And Restructuring Charges - Narrative (Details)
Changes In Accumulated Other Comprehensive Income By Component
Changes In Accumulated Other Comprehensive Income By Component (Tables)
Changes In Accumulated Other Comprehensive Income By Component - Summary Of Changes In Aoci (Details)
Changes In Accumulated Other Comprehensive Income By Component - Summary Of Reclassifications Out Of Aoci (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Cash, Cash Equivalents And Restricted Cash (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Multiemployer Pension Plans (Details)
Commitments And Contingencies - Restricted Cash And Marketable Securities (Details)
Debt
Debt (Tables)
Debt - Carrying Values Of Debt Instruments (Details)
Debt - Narrative (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Assets And Liabilities Measured At Fair Value (Details)
Financial Instruments - Derivative Hedging Activities (Details)
Financial Instruments - Narrative (Details)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Tables)
Goodwill And Other Intangible Assets, Net - Goodwill (Details)
Goodwill And Other Intangible Assets, Net - Narrative (Details)
Goodwill And Other Intangible Assets, Net - Other Intangible Assets, Net (Details)
Income Taxes
Income Taxes (Details)
Landfill And Environmental Costs
Landfill And Environmental Costs (Tables)
Landfill And Environmental Costs - Accrued Landfill And Environmental Costs (Details)
Landfill And Environmental Costs - Environmental Remediation Liability (Details)
Landfill And Environmental Costs - Final Capping, Closure And Post-Closure Costs (Details)
Landfill And Environmental Costs - Narrative (Details)
Leases
Leases (Details)
Leases (Tables)
Leases - Aggregate Principal Payments (Details)
Leases - Lease Costs (Details)
Leases - Supplemental Cash Flow Information (Details)
Leases - Weighted Average Lease Term And Discount Rate (Details)
Other Assets
Other Assets (Tables)
Other Assets - Other Assets (Details)
Other Assets - Prepaid Expenses And Other Current Assets (Details)
Other Liabilities
Other Liabilities (Details)
Other Liabilities (Tables)
Revenue
Revenue (Tables)
Revenue - Disaggregation (Details)
Revenue - Narrative (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Financial Information By Regional Segment (Details)
Segment Reporting - Narrative (Details)
Stock Repurchases, Dividends And Earnings Per Share
Stock Repurchases, Dividends And Earnings Per Share (Tables)
Stock Repurchases, Dividends And Earnings Per Share - Earnings Per Share (Details)
Stock Repurchases, Dividends And Earnings Per Share - Narrative (Details)
Stock Repurchases, Dividends And Earnings Per Share - Share Repurchase Activity (Details)

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: 0001060391-19-000019
Submitted to the SEC: Thu Apr 25 2019 5:45:26 PM EST
Accepted by the SEC: Fri Apr 26 2019
Period: Sunday, March 31, 2019
Industry: Refuse Systems

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