Republic Services Files 2024 10-K

TL;DR

RSG filed its 2024 10-K. All good.

AI Summary

Republic Services, Inc. filed its 2024 10-K on February 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, a leader in the refuse systems industry, is headquartered in Phoenix, Arizona. The filing details its financial performance and business operations for the year.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Republic Services' financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Players & Entities

• REPUBLIC SERVICES, INC. (company) — Filer
• 2024 (date) — Fiscal Year End
• December 31, 2024 (date) — Fiscal Year End
• February 14, 2025 (date) — Filing Date
• Phoenix, Arizona (location) — Headquarters

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share RSG The New York Stock Exchan
• $165 billion — hich we operate generates approximately $165 billion of annual revenue, which includes the $
• $105 billion — n of annual revenue, which includes the $105 billion United States and Canada recycling and
• $35 billion — nd Canada recycling and waste industry, $35 billion of the broader environmental solutions
• $25 billion — r environmental solutions industry, and $25 billion in sustainability innovation (described

Filing Documents

• rsg-20241231.htm (10-K) — 3197KB
• ex106dcpplan.htm (EX-10.6) — 286KB
• ex1018psuagreementexecutiv.htm (EX-10.18) — 108KB
• ex1019psuagreementotherexe.htm (EX-10.19) — 100KB
• ex1020psuagreementnon-exec.htm (EX-10.20) — 101KB
• ex1021rsuagreementseniorex.htm (EX-10.21) — 75KB
• ex1022rsuagreementseniorex.htm (EX-10.22) — 61KB
• ex1023rsuagreementotheremp.htm (EX-10.23) — 75KB
• ex1027esppamendment.htm (EX-10.27) — 8KB
• ex1028sipamendment.htm (EX-10.28) — 12KB
• ex191insidertradingpolicy.htm (EX-19.1) — 13KB
• ex192insidertradingprocedu.htm (EX-19.2) — 55KB
• ex193republicservicesshare.htm (EX-19.3) — 6KB
• exhibit211-subsidiariesoft.htm (EX-21.1) — 401KB
• exhibit231-consentofernsty.htm (EX-23.1) — 11KB
• exhibit311rule13a-14a15dx1.htm (EX-31.1) — 10KB
• exhibit312rule13a-14a15dx1.htm (EX-31.2) — 10KB
• exhibit321section1350certi.htm (EX-32.1) — 4KB
• exhibit322section1350certi.htm (EX-32.2) — 5KB
• image_0.jpg (GRAPHIC) — 6KB
• image_01.jpg (GRAPHIC) — 6KB
• image_02.jpg (GRAPHIC) — 10KB
• image_03.jpg (GRAPHIC) — 10KB
• image_04.jpg (GRAPHIC) — 10KB
• image_05.jpg (GRAPHIC) — 10KB
• image_06.jpg (GRAPHIC) — 6KB
• image_07.jpg (GRAPHIC) — 10KB
• rsg-20241231_g1.jpg (GRAPHIC) — 174KB
• 0001060391-25-000091.txt ( ) — 18383KB
• rsg-20241231.xsd (EX-101.SCH) — 107KB
• rsg-20241231_cal.xml (EX-101.CAL) — 190KB
• rsg-20241231_def.xml (EX-101.DEF) — 419KB
• rsg-20241231_lab.xml (EX-101.LAB) — 1167KB
• rsg-20241231_pre.xml (EX-101.PRE) — 846KB
• rsg-20241231_htm.xml (XML) — 3008KB

Risk Factors

Item 1A. Risk Factors 20

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 31

Cybersecurity 31

Item 1C. Cybersecurity 31

Properties

Item 2. Properties 32

Legal Proceedings

Item 3. Legal Proceedings 32

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 33 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 34

[Reserved]

Item 6. [Reserved] 35

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 36

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 59

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 61

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 110

Controls and Procedures

Item 9A. Controls and Procedures 110

Other Information

Item 9B. Other Information 111

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 111

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 111 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 112

Executive Compensation

Item 11. Executive Compensation 112

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 112

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 112

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 112 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 113

Form 10-K Summary 117

Item 16. Form 10-K Summary 117

Signatures

Signatures 118 Table of Contents Unless the context requires otherwise, all references in this Form 10-K to Republic, the Company, we, us and our refer to Republic Services, Inc. and its consolidated subsidiaries. PART I

BUSINESS

ITEM 1. BUSINESS Overview Republic is one of the largest providers of environmental services in the United States, as measured by revenue. We operate across the United States and Canada through 367 collection operations, 248 transfer stations, 75 recycling centers, 208 active landfills, 2 treatment, recovery and disposal facilities, 23 treatment, storage and disposal facilities (TSDF), 5 salt water disposal wells, 14 deep injection wells, and 1 polymer center. We are engaged in 79 landfill gas-to-energy and other renewable energy projects and had post-closure responsibility for 125 closed landfills. We believe the total addressable North American environmental services market in which we operate generates approximately $165 billion of annual revenue, which includes the $105 billion United States and Canada recycling and waste industry, $35 billion of the broader environmental solutions industry, and $25 billion in sustainability innovation (described below) and emerging waste and recycling technologies. Within our recycling and waste business, we prioritize investments in market verticals with above average growth rates and higher return profiles. Environmental solutions remains fragmented, which provides consolidation opportunities to drive scale. We believe customer demand for products and services that respond to evolving environmental trends, including decarbonization and circularity, should support above average growth rates and attractive returns in our sustainability innovation businesses. We believe we can further expand our addressable market into other segments of the environmental services industry over time by leveraging our differentiated capabilities, including (1) customer zeal, (2) digital and (3) sustainability. We operate throughout North America, but the physical collection and recycling or disposal of material is very much a local business, and the dynamics and opportunities differ in each of the markets we serve. By combining local operating

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View this 10-K filing on SEC EDGAR