Republic Services Inc., founded in 1998 and headquartered in Phoenix, Arizona, United States, provides comprehensive solid waste collection, recycling, and disposal services across the nation. The firm generates revenue from municipal and commercial contracts by leveraging advanced logistics and sustainable practices. Led by CEO Donald W. Slagle since 2018, the company holds roughly a 20% market share in the U.S. non-hazardous waste sector and is actively investing in recycling expansion and renewable energy initiatives. Its strategic focus on technology and regulatory compliance positions it well for future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
16,591,000
16,032,000
14,965,000
13,511,000
Cost of Sales
9,630,000
9,350,000
8,943,000
8,205,000
Gross Profit
6,961,000
6,682,000
6,022,000
5,306,000
Selling, General & Administrative Expenses
1,710,000
1,674,000
1,609,000
1,454,000
Depreciation & Amortization Expenses
1,928,000
1,784,000
1,599,000
1,441,000
Other Operating Expenses
21,000
28,000
34,000
19,000
Operating Profit
3,302,000
3,196,000
2,780,000
2,392,000
Interest and Investment Income
8,000
9,000
6,000
3,000
Interest Expense
(574,000)
(539,000)
(508,000)
(395,000)
Non-Operating Income
(142,000)
(234,000)
(87,000)
(168,000)
Total Non-Operating Income
(708,000)
(764,000)
(589,000)
(560,000)
Income Before Provision for Income Taxes
2,594,000
2,432,000
2,191,000
1,832,000
Provision for Income Taxes
455,000
388,000
460,000
344,000
Consolidated Net Income
2,139,000
2,044,000
1,731,000
1,488,000
Net Income Attributable to Minority Interests and Other
—
(1,000)
—
—
Net Income Attributable to Common Shareholders
2,139,000
2,043,000
1,731,000
1,488,000
Basic EPS
6.86
6.50
5.47
4.70
Diluted EPS
6.85
6.49
5.47
4.69
Basic Weighted Average Shares Outstanding
311,900
314,400
316,182
316,530
Diluted Weighted Average Shares Outstanding
312,200
314,800
316,665
317,080
Shares Outstanding
308,000
312,000
314,400
316,100
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
76,000
74,000
140,000
143,400
Total Cash and Cash Equivalents
76,000
74,000
140,000
143,400
Accounts Receivable
1,897,000
1,821,000
1,768,000
1,677,200
Total Trade Receivables
1,897,000
1,821,000
1,768,000
1,677,200
Other Current Assets
550,000
511,000
473,000
536,500
Total Current Assets
2,523,000
2,406,000
2,381,000
2,357,100
Net Property, Plant & Equipment
12,639,000
11,877,000
11,351,000
10,744,000
Net Intangible Assets
655,000
546,000
496,000
347,200
Goodwill
16,715,000
15,982,000
15,834,000
14,451,500
Long-Term Investments
259,000
208,000
164,000
127,600
Other Long-Term Assets
1,575,000
1,383,000
1,184,000
1,025,500
Total Assets
34,366,000
32,402,000
31,410,000
29,052,900
Accounts Payable
1,374,000
1,345,000
1,412,000
1,221,800
Accrued Expenses
1,462,000
1,436,000
1,417,000
1,269,900
Current Portion of Long-Term Debt
596,000
862,000
932,000
456,000
Unearned Revenue
496,000
485,000
467,000
443,000
Total Current Liabilities
3,928,000
4,128,000
4,228,000
3,390,700
Long-Term Debt
12,985,000
11,851,000
11,887,000
11,329,500
Other Long-Term Liabilities
5,484,000
5,016,000
4,752,000
4,645,900
Total Long-Term Liabilities
18,469,000
16,867,000
16,639,000
15,975,400
Total Liabilities
22,397,000
20,995,000
20,867,000
19,366,100
Common Stock
3,000
3,000
3,000
3,200
Treasury Stock
(1,000,000)
(113,000)
(784,000)
(504,600)
Additional Paid-in Capital
1,833,000
1,767,000
2,901,000
2,843,200
Accumulated Other Comprehensive Income
(29,000)
(26,000)
(12,000)
(12,100)
Retained Earnings
11,161,000
9,774,000
8,434,000
7,356,300
Total Common Shareholders' Equity
11,968,000
11,405,000
10,542,000
9,686,000
Minority Interests and Other
1,000
2,000
1,000
800
Total Shareholders' Equity
11,969,000
11,407,000
10,543,000
9,686,800
Total Liabilities and Shareholders' Equity
34,366,000
32,402,000
31,410,000
29,052,900
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
2,139,000
2,044,000
1,731,000
1,488,000
Depreciation & Amortization
1,928,000
1,784,000
1,599,000
1,441,000
Share-Based Compensation Expense
—
42,000
41,000
39,000
Other Adjustments
588,000
444,000
338,000
454,000
Changes in Trade Receivables
(87,000)
(76,000)
(71,000)
(199,000)
Changes in Accounts Payable
(14,000)
(27,000)
83,000
106,000
Changes in Other Operating Activities
(258,000)
(275,000)
(103,000)
(139,000)
Cash from Operating Activities
4,296,000
3,936,000
3,618,000
3,190,000
Capital Expenditure
(1,887,000)
(1,855,000)
(1,631,000)
(1,454,000)
Proceeds from Sale of Property, Plant & Equipment
13,000
47,000
29,000
33,000
Payments for Business Acquisitions
(1,430,000)
(753,000)
(2,065,000)
(3,039,000)
Proceeds from Business Divestments
11,000
2,000
6,000
51,000
Other Investing Activities
(20,000)
(2,000)
(6,000)
(14,000)
Cash from Investing Activities
(3,313,000)
(2,561,000)
(3,667,000)
(4,423,000)
Issuance of Short-Term Debt
37,715,000
24,020,000
39,221,000
16,446,000
Repayments of Short-Term Debt
(38,206,000)
(25,109,000)
(40,411,000)
(14,282,000)
Net Issuance / (Repayments) of Short-Term Debt
(491,000)
(1,089,000)
(1,190,000)
2,164,000
Issuance of Long-Term Debt
1,183,000
889,000
2,172,000
—
Net Issuance / (Repayments) of Long-Term Debt
1,183,000
889,000
2,172,000
—
Issuance of Common Shares
(5,000)
(14,000)
(1,000)
(13,000)
Repurchases of Common Shares
(870,000)
(482,000)
(262,000)
(203,000)
Net Issuance / (Repurchases) of Common Shares
(875,000)
(496,000)
(263,000)
(216,000)
Common Share Dividends Paid
(738,000)
(687,000)
(638,000)
(593,000)
Other Financing Activities
(17,000)
(15,000)
(19,000)
(11,000)
Cash from Financing Activities
(938,000)
(1,398,000)
62,000
1,344,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents
1,000
(2,000)
1,000
(3,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash