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SEC Filings

10-K
REPUBLIC SERVICES, INC. filed this Form 10-K on 02/17/2017
Entire Document
 

See Notes 1, 2, 3, 8, 9, 10 and 12 to our consolidated financial statements in Item 8, Financial Statements and Supplementary Data, of this Form 10-K for a discussion of basis of presentation, significant accounting policies, business acquisitions and divestitures, landfill and environmental costs, debt, income taxes and stockholders’ equity and their effect on comparability of year-to-year data. These historical results are not necessarily indicative of the results to be expected in the future. Amounts are in millions, except per share data.
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Statement of Operations Data:
 
 
 
 
 
 
 
 
 
Revenue
$
9,387.7

 
$
9,115.0

 
$
8,803.3

 
$
8,417.2

 
$
8,118.3

Expenses:
 
 
 
 
 
 
 
 
 
Cost of operations
5,764.0

 
5,518.6

 
5,643.1

 
5,234.7

 
5,005.7

Depreciation, amortization and depletion
991.1

 
970.6

 
906.9

 
877.4

 
848.5

Accretion
79.1

 
79.4

 
78.0

 
76.6

 
78.4

Selling, general and administrative
969.8

 
983.1

 
918.9

 
853.8

 
820.9

Withdrawal costs - multiemployer pension funds
5.6

 
4.5

 
1.5

 
157.7

 

(Gain) loss on disposition of assets and impairments, net
(0.1
)
 

 
20.0

 
(1.9
)
 
(2.7
)
Restructuring charges
40.7

 

 
1.8

 
8.6

 
11.1

Operating income
1,537.5

 
1,558.8

 
1,233.1

 
1,210.3

 
1,356.4

Interest expense
(371.3
)
 
(364.9
)
 
(348.7
)
 
(360.0
)
 
(388.5
)
Loss on extinguishment of debt
(196.2
)
 

 
(1.4
)
 
(2.1
)
 
(112.6
)
Interest income
0.9

 
0.8

 
0.6

 
0.7

 
1.0

Loss from unconsolidated equity method investment
(6.1
)
 

 

 

 

Other income, net
1.1

 
1.2

 
1.7

 
2.3

 
3.4

Income before income taxes
965.9

 
1,195.9

 
885.3

 
851.2

 
859.7

Provision for income taxes
352.7

 
445.5

 
337.4

 
262.1

 
251.8

Net income
613.2

 
750.4

 
547.9

 
589.1

 
607.9

Net income attributable to noncontrolling interests in consolidated subsidiary
(0.6
)
 
(0.5
)
 
(0.3
)
 
(0.2
)
 
(0.3
)
Net income attributable to Republic Services, Inc.
$
612.6

 
$
749.9

 
$
547.6

 
$
588.9

 
$
607.6

Basic earnings per share attributable to Republic Services, Inc. stockholders:
 
 
 
 
 
 
 
 
 
Basic earnings per share
$
1.79

 
$
2.14

 
$
1.54

 
$
1.63

 
$
1.56

Weighted average common shares outstanding
343.0

 
350.0

 
356.7

 
362.1

 
366.9

Diluted earnings per share attributable to Republic Services, Inc. stockholders:
 
 
 
 
 
 
 
 
 
Diluted earnings per share
$
1.78

 
$
2.13

 
$
1.53

 
$
1.62

 
$
1.55

Weighted average common and common equivalent shares outstanding
344.4

 
351.4

 
358.1

 
363.4

 
368.0

Cash dividends per common share
$
1.24

 
$
1.16

 
$
1.08

 
$
0.99

 
$
0.91

Other Operating Data:
 
 
 
 
 
 
 
 
 
Cash provided by operating activities
$
1,847.8

 
$
1,679.7

 
$
1,529.8

 
$
1,513.8

 
$
1,766.7

Purchases of property and equipment
927.8

 
945.6

 
862.5

 
903.5

 
936.5

Proceeds from sales of property and equipment
9.8

 
21.2

 
35.7

 
28.7

 
34.6

Balance Sheet Data:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
67.8

 
$
32.4

 
$
75.2

 
$
213.3

 
$
67.6

Restricted cash and marketable securities
90.5

 
100.3

 
115.6

 
169.7

 
164.2

Total assets
20,629.6

 
20,535.9

 
20,052.4

 
19,949.2

 
19,616.9

Total debt
7,658.9

 
7,532.9

 
7,018.1

 
7,070.5

 
6,921.8

Total stockholders' equity
7,693.7

 
7,776.6

 
7,747.8

 
7,906.1

 
7,705.7


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