Republic Services, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Republic Services, Inc. filed its Q1 2024 10-Q report on May 1, 2024.</b>

AI Summary

REPUBLIC SERVICES, INC. (RSG) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. Republic Services, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on December 31st. The filing was made on May 1, 2024. The company's principal executive offices are located in Phoenix, AZ.

Why It Matters

For investors and stakeholders tracking REPUBLIC SERVICES, INC., this filing contains several important signals. This 10-Q filing provides investors with an update on the company's financial performance and position for the first quarter of 2024. Key financial details and operational updates within this report are crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: low — REPUBLIC SERVICES, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Monitor future 10-Q filings for detailed financial performance and strategic updates.

Key Players & Entities

• REPUBLIC SERVICES, INC. (company) — Filer name
• 2024-03-31 (date) — Conformed period of report
• 2024-05-01 (date) — Filed as of date
• PHOENIX, AZ (location) — Business address city and state
• 18500 N. ALLIED WAY (address) — Business address street 1
• 480 627 2700 (phone) — Business phone

FAQ

Industry Context

Republic Services operates in the waste management industry, providing essential services for collection, processing, and disposal of waste and recyclable materials.

Regulatory Implications

The company is subject to various environmental, health, and safety regulations governing waste management operations.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze revenue and profitability trends in the upcoming quarters.
3. Monitor any new regulatory developments impacting the waste management sector.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the Q1 2024 10-Q filing, providing an update from the previous fiscal year's filings.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share RSG New York Stock Exchange

Filing Documents

• rsg-20240331.htm (10-Q) — 1739KB
• exhibit101offerletterdated.htm (EX-10.1) — 17KB
• exhibit102brummergregg-rep.htm (EX-10.2) — 89KB
• exhibit211-subsidiariesoft.htm (EX-21) — 406KB
• rsgex31133124.htm (EX-31.1) — 10KB
• rsgex31233124.htm (EX-31.2) — 10KB
• rsgex32133124.htm (EX-32.1) — 4KB
• rsgex32233124.htm (EX-32.2) — 5KB
• image1.jpg (GRAPHIC) — 271KB
• 0001060391-24-000205.txt (&nbsp;) — 10382KB
• rsg-20240331.xsd (EX-101.SCH) — 60KB
• rsg-20240331_cal.xml (EX-101.CAL) — 118KB
• rsg-20240331_def.xml (EX-101.DEF) — 261KB
• rsg-20240331_lab.xml (EX-101.LAB) — 724KB
• rsg-20240331_pre.xml (EX-101.PRE) — 515KB
• rsg-20240331_htm.xml (XML) — 1617KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 3 Unaudited Consolidated Statement of Income for the Three Months Ended March 31, 2024 and 2023 4 Unaudited Consolidated Statement of Comprehensive Income for the Three Months Ended March 31, 2024 and 2023 5 Unaudited Consolidated Statement of Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 6 Unaudited Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2024 and 2023 7 Notes to Unaudited Consolidated Financial Statements 8

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 43

Controls and Procedures

Item 4. Controls and Procedures 44

— OTHER INFORMATION

PART II — OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 45

Risk Factors

Item 1A. Risk Factors 45

Unregistered Sales of Equity Securities and Use of Proceeds , and Issuer Purchases of Equity Securities

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds , and Issuer Purchases of Equity Securities 46

Defaults upon Senior Securities

Item 3. Defaults upon Senior Securities 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 46

Other Information

Item 5. Other Information 46

Exhibits

Item 6. Exhibits 47

Signatures

Signatures 48 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. REPUBLIC SERVICES, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) March 31, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 91.6 $ 140.0 Accounts receivable, less allowance for doubtful accounts and other of $ 82.6 and $ 83.2 , respectively 1,763.0 1,768.4 Prepaid expenses and other current assets 419.0 472.6 Total current assets 2,273.6 2,381.0 Restricted cash and marketable securities 143.3 163.6 Property and equipment, net 11,310.5 11,350.9 Goodwill 15,852.3 15,834.5 Other intangible assets, net 482.6 496.2 Other assets 1,319.4 1,183.9 Total assets $ 31,381.7 $ 31,410.1 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,179.2 $ 1,411.5 Notes payable and current maturities of long-term debt 1,431.9 932.3 Deferred revenue 472.2 467.3 Accrued landfill and environmental costs, current portion 141.2 141.6 Accrued interest 106.2 104.1 Other accrued liabilities 995.2 1,171.5 Total current liabilities 4,325.9 4,228.3 Long-term debt, net of current maturities 11,400.1 11,887.1 Accrued landfill and environmental costs, net of current portion 2,306.5 2,281.0 Deferred income taxes and other long-term tax liabilities, net 1,577.6 1,526.8 Insurance reserves, net of current portion 348.4 348.8 Other long-term liabilities 602.6 594.6 Commitments and contingencies Stockholders' equity: Preferred stock, par value $ 0.01 per share; 50 shares authorized; none issued — — Common stock, par value $ 0.01 per share; 750 shares authorized; 321.2 and 320.7 issued including shares held in treasury, respectively 3.2 3.2 Additional paid-in capital 2,916.0 2,900.8 Retained earnings 8,717.9 8,433.9 Treasury stock, at cost; 6.3 and 6.1 shares, respectively ( 812.0 ) ( 783.5 ) Accumulated other comprehensive loss, net of tax ( 5.3 ) ( 12.1 ) Total Republic Services, Inc. stockholders' equity 10,819.8 10,542.3 Non-controlling interes

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View this 10-Q filing on SEC EDGAR