$RSG

REPUBLIC SERVICES INC

CIK:0001060391|SEC Filings

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 4,430,000	$ 4,235,000	$ 8,544,000	$ 8,244,000
Expenses:
Cost of operations	2,563,000	2,449,000	4,929,000	4,763,000
Depreciation, depletion and amortization	488,000	463,000	949,000	897,000
Accretion	30,000	28,000	60,000	57,000
Selling, general and administrative	444,000	425,000	870,000	852,000
Restructuring charges	4,000	6,000	6,000	9,000
(Gain) loss on business divestitures and impairments, net	0	3,000	(1,000)	1,000
Operating income	901,000	861,000	1,731,000	1,665,000
Interest expense	(151,000)	(145,000)	(302,000)	(285,000)
Loss from unconsolidated equity method investments	(58,000)	(2,000)	(110,000)	(14,000)
Interest income	2,000	2,000	5,000	4,000
Other income, net	5,000	4,000	31,000	15,000
Income before income taxes	699,000	720,000	1,355,000	1,385,000
Provision for income taxes	133,000	170,000	263,000	340,000
Net income	566,000	550,000	1,092,000	1,045,000
Net income attributable to non-controlling interests in consolidated subsidiary	0	0	0	0
Net income attributable to Republic Services, Inc.	$ 566,077	$ 549,905	$ 1,091,536	$ 1,044,902
Basic earnings per share attributable to Republic Services, Inc. stockholders:
Basic earnings per share (in dollars per share)	$ 1.84	$ 1.76	$ 3.54	$ 3.34
Weighted average common shares outstanding (in shares)	307,494	313,074	308,292	313,020
Diluted earnings per share attributable to Republic Services, Inc. stockholders:
Diluted earnings per share (in dollars per share)	$ 1.84	$ 1.75	$ 3.54	$ 3.33
Weighted average common and common equivalent shares outstanding (in shares)	307,630	313,365	308,451	313,321
Cash dividends per common share (in dollars per share)	$ 0.625	$ 0.580	$ 1.250	$ 1.160

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash provided by operating activities:
Net income	$ 1,092	$ 1,045
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion, amortization and accretion	1,009	954
Non-cash interest expense	40	37
Deferred tax provision (benefit)	61	(8)
Loss from unconsolidated equity method investments	110	14
Other non-cash items	51	37
Change in assets and liabilities, net of effects from business acquisitions and divestitures:
Accounts receivable	(147)	(51)
Prepaid expenses and other assets	41	21
Accounts payable	123	(13)
Capping, closure and post-closure expenditures	(27)	(21)
Remediation expenditures	(26)	(19)
Other liabilities	53	138
Cash provided by operating activities	2,380	2,134
Cash used in investing activities:
Purchases of property and equipment	(868)	(866)
Proceeds from sales of property and equipment	7	8
Cash used in acquisitions and investments, net of cash and restricted cash acquired	(865)	(963)
Cash received from business divestitures	2	7
Other	(3)	(1)
Cash used in investing activities	(1,727)	(1,815)
Cash used in financing activities:
Proceeds from credit facilities and notes payable, net of fees	25,683	20,025
Proceeds from issuance of senior notes, net of discount and fees	1,185	1,183
Payments of credit facilities and notes payable	(26,394)	(21,030)
Issuances of common stock, net	(8)	(14)
Purchases of common stock for treasury	(659)	(59)
Cash dividends paid	(385)	(362)
Contingent consideration payments	(17)	(3)
Cash used in financing activities	(595)	(260)
Effect of foreign exchange rate changes on cash	(1)	1
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents	57	60
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	249	203
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$ 306	$ 263

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 107	$ 76
Accounts receivable, less allowance for doubtful accounts and other of $59 and $66, respectively	2,029	1,897
Prepaid expenses and other current assets	427	550
Total current assets	2,563	2,523
Restricted cash and marketable securities	285	259
Property and equipment, net	12,916	12,639
Goodwill	17,186	16,715
Other intangible assets, net	707	655
Other assets	1,502	1,575
Total assets	35,159	34,366
Current liabilities:
Accounts payable	1,440	1,374
Notes payable and current maturities of long-term debt	548	596
Deferred revenue	480	496
Accrued landfill and environmental costs, current portion	156	148
Accrued interest	114	109
Other accrued liabilities	1,242	1,205
Total current liabilities	3,980	3,928
Long-term debt, net of current maturities	13,521	12,985
Accrued landfill and environmental costs, net of current portion	2,642	2,608
Deferred income taxes and other long-term tax liabilities, net	1,963	1,884
Insurance reserves, net of current portion	457	436
Other long-term liabilities	563	556
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued	0	0
Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively	3	3
Additional paid-in capital	1,872	1,833
Retained earnings	11,867	11,161
Treasury stock, at cost; 8 and 5 shares, respectively	(1,677)	(1,000)
Accumulated other comprehensive loss, net of tax	(33)	(29)
Total Republic Services, Inc. stockholders’ equity	12,032	11,968
Non-controlling interests in consolidated subsidiary	1	1
Total stockholders’ equity	12,033	11,969
Total liabilities and stockholders’ equity	$ 35,159	$ 34,366