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Republic Services, Inc. (RSG) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
rslogorgbverticala35a.jpg

Republic Services, Inc. Reports
Second Quarter 2021 Results
Generated Earnings Per Share of $1.03 and Adjusted Earnings Per Share of $1.09, an Increase of 36 Percent Over the Prior Year
Expanded Adjusted EBITDA Margin 110 Basis Points
Generated Cash Flow from Operations of $1.5 billion and Adjusted Free Cash Flow of $1.0 billion on a Year to Date Basis
Raised 2021 Full-Year Financial Guidance
Increased Quarterly Dividend by Approximately 8 Percent

PHOENIX (July 29, 2021) Republic Services, Inc. (NYSE: RSG) today reported net income of $331.1 million, or $1.03 per diluted share, for the three months ended June 30, 2021, versus $225.5 million, or $0.71 per diluted share, for the comparable 2020 period. Excluding certain benefits and expenses, on an adjusted basis, net income for the three months ended June 30, 2021 was $349.9 million, or $1.09 per diluted share, versus $256.9 million, or $0.80 per diluted share, for the comparable 2020 period.

"Our second quarter results reflect even further acceleration in our business, which is a direct outcome of continued progress on our strategic priorities," said Jon Vander Ark, president and chief executive officer. "During the second quarter we grew the top line 15 percent, increased adjusted earnings per share by 36 percent and expanded adjusted EBITDA margin 110 basis points. As a result of these strong results we are raising full-year financial guidance for the second time this year."

Second-Quarter 2021 Highlights:

*Second quarter EPS was $1.03 per share, and adjusted EPS, a non-GAAP measure, was $1.09 per share, an increase of 36 percent over the prior year.

*Year-to-date cash provided by operating activities was $1.5 billion, an increase of 11 percent versus the prior year. Adjusted free cash flow, a non-GAAP measure, was $1.0 billion, an increase of 38 percent versus the prior year.

1

The following information was filed by Republic Services, Inc. (RSG) on Thursday, July 29, 2021 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 2021 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)
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 (Loss) Income By Component (Tables)
Changes In Accumulated Other Comprehensive Loss By Component
Changes In Accumulated Other Comprehensive Loss By Component - Summary Of Changes In Aoci (Details)
Changes In Accumulated Other Comprehensive 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 - 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 And Credit Losses
Revenue And Credit Losses (Tables)
Revenue And Credit Losses - Allowance For Doubtful Accounts (Details)
Revenue And Credit Losses - Disaggregation (Details)
Revenue And Credit Losses - 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: 0001060391-21-000037
Submitted to the SEC: Thu Jul 29 2021 9:17:26 PM EST
Accepted by the SEC: Fri Jul 30 2021
Period: Wednesday, June 30, 2021
Industry: Refuse Systems

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