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Republic Services, Inc. (RSG) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
image11.jpg
Republic Services, Inc. Reports
Second Quarter 2020 Results

Generated Earnings of $0.71 Per Share and Adjusted Earnings of $0.81 Per Share
Increased Adjusted EBITDA Margin by 170 Basis Points
Provided 2020 Adjusted Free Cash Flow Guidance
Increased Quarterly Dividend by Approximately 5 Percent
Named to 3BL Media's 100 Best Corporate Citizens List for the First Time

PHOENIX (August 6, 2020)
– Republic Services, Inc. (NYSE: RSG) today reported net income of $225.5 million, or $0.71 per diluted share, for the three months ended June 30, 2020, versus $251.5 million, or $0.78 per diluted share, for the comparable 2019 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended June 30, 2020 was $258.2 million, or $0.81 per diluted share, versus $254.1 million, or $0.79 per diluted share, for the comparable 2019 period.

“Our second quarter results clearly demonstrate the resiliency of our business and the strength of our cash flow. During the quarter, we expanded adjusted EBITDA margin 170 basis points, increased adjusted earnings and delivered double-digit growth in adjusted free cash flow,” said Donald W. Slager, chief executive officer. "I am extremely proud of the team's perseverance during these challenging times. Thanks to their hard work and laser focus we provided uninterrupted service to our customers, rapidly adjusted the business as volumes changed and effectively managed our cost structure. We continue to invest in the safety and well-being of our people and achieved our best-ever safety performance in the company’s history.”

Slager added, “We remain confident in the team’s ability to execute in this dynamic environment and are well-positioned as volumes return. As a result, we are reinstating annual cash flow guidance and now expect to generate $1.1 billion to $1.175 billion of adjusted free cash flow in 2020.”


1

The following information was filed by Republic Services, Inc. (RSG) on Thursday, August 6, 2020 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 2020 10-K Annual Report includes:

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  • 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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Unaudited Consolidated Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income
Unaudited Consolidated Statements Of Income
Unaudited Consolidated Statements Of Stockholders' Equity
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
Basis Of Presentation - Allowance For Credit Losses (Details)
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 (Loss) By Component
Changes In Accumulated Other Comprehensive Income (Loss) By Component (Tables)
Changes In Accumulated Other Comprehensive Income (Loss) By Component - Summary Of Changes In Aoci (Details)
Changes In Accumulated Other Comprehensive Income (Loss) 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)
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)
Ticker: RSG
CIK: 1060391
Form Type: 10-Q Quarterly Report
Accession Number: 0001060391-20-000057
Submitted to the SEC: Thu Aug 06 2020 9:04:19 PM EST
Accepted by the SEC: Fri Aug 07 2020
Period: Tuesday, June 30, 2020
Industry: Refuse Systems

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