Republic Services, Inc. (RSG) financial statements (2022 and earlier)

Company profile

Business Address 18500 N. ALLIED WAY
PHOENIX, AZ 85054
State of Incorp. DE
Fiscal Year End December 31
SIC 4953 - Refuse Systems (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29384771836832
Cash and cash equivalents29384771836832
Receivables1,2711,0911,1261,1031,106995963
Inventory, net of allowances, customer advances and progress billings72595753514439
Inventory72595753514439
Other current assets410392433391248222235
Other undisclosed current assets(72)(59)(57)(53)(51)(44)(39)
Total current assets:1,7111,5221,6061,5641,4371,2851,230
Noncurrent Assets
Finance lease, right-of-use asset292228 
Property, plant and equipment  8,3848,0207,7777,5897,553
Intangible assets, net (including goodwill)13,08612,22011,76711,50711,45711,34611,392
Goodwill12,82612,04611,63311,40011,31511,16311,146
Intangible assets, net (excluding goodwill)260173134107141182246
Restricted cash and investments13914917910814191100
Other noncurrent assets788817748418335321302
Other undisclosed noncurrent assets8,9408,499     
Total noncurrent assets:23,24421,91221,07820,05319,71019,34519,347
TOTAL ASSETS:24,95523,43422,68421,61721,14720,63020,577
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9021,6541,6661,5591,4811,3511,366
Accounts payable910779778762598554577
Accrued liabilities930820814729808725717
Interest and dividends payable62557469757272
Deferred revenue381346336
Debt816893069170766
Accrued capping, closure, post-closure and environmental costs125115133131135143150
Deferred revenue and credits312313314
Contract with customer, liability339
Total current liabilities:2,4162,2823,0652,7192,6351,8121,835
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,5468,7667,7597,6477,4817,6537,569
Finance lease, liability241201110
Capital lease obligations  109112
Operating lease, liability  213
Other undisclosed long-term debt and lease obligation9,3058,5657,4367,6477,4817,5457,457
Liabilities, other than long-term debt2,7842,6582,5592,2942,2742,2612,265
Asset retirement obligations1,4391,2891,2601,2151,1801,1601,094
Accrued environmental loss contingencies399406443486506525584
Other liabilities642682579321312301309
Self insurance reserve304282277271275275278
Other undisclosed noncurrent liabilities1,2301,2391,1811,0287961,2101,132
Total noncurrent liabilities:13,56012,66311,49810,96910,55111,12410,966
Total liabilities:15,97514,94514,56313,68813,18612,93612,801
Stockholders' equity
Stockholders' equity attributable to parent8,9798,4848,1187,9277,9597,6917,774
Common stock3344444
Treasury stock, value(275)(0)(2,200)(1,783)(1,059)(415)(15)
Additional paid in capital2,7902,7414,9954,9254,8404,7654,678
Accumulated other comprehensive income (loss)(15)(12)2312314(31)
Retained earnings6,4765,7525,3174,7514,1533,3243,138
Stockholders' equity attributable to noncontrolling interest1532223
Total stockholders' equity:8,9808,4898,1217,9307,9617,6947,777
TOTAL LIABILITIES AND EQUITY:24,95523,43422,68421,61721,14720,63020,577

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,32212,03212,19311,89210,04211,35511,014
Revenue, net10,0429,3889,115
Cost of revenue
(Cost of Goods and Services Sold)
(6,738)(6,101)(6,298)(6,150)(6,215)(5,764)(5,519)
Gross profit:6,5845,9315,8955,7423,8275,5915,495
Operating expenses(1,295)(1,156)(1,188)(1,167)(1,155)(1,090)(1,063)
Other undisclosed operating loss(3,213)(3,066)(2,919)(2,840)(1,004)(2,964)(2,874)
Operating income:2,0761,7091,7871,7361,6691,5381,559
Nonoperating income29135422
Investment income, nonoperating3562111
Other nonoperating income (expense)(1)463311
Interest and debt expense(315)(458)(392)(384)(363)(568)(365)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (27)(6) 
Income from continuing operations before equity method investments, income taxes:1,7641,2611,4081,3571,2829661,196
Income (loss) from equity method investments(189)(118)(112)36   
Other undisclosed loss from continuing operations before income taxes   (72)   
Income from continuing operations before income taxes:1,5751,1431,2961,3211,2829661,196
Income tax expense(283)(173)(222)(283)(3)(353)(446)
Net income:1,2929701,0741,0381,279613750
Net loss attributable to noncontrolling interest(2)(2)(1)(1)(1)(1)(1)
Other undisclosed net income (loss) attributable to parent00(0)(0)(0)(0)0
Net income available to common stockholders, diluted:1,2909671,0731,0371,278613750

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,2929701,0741,0381,279613750
Other comprehensive income (loss)(2)(15)(32)8845(2)
Comprehensive income:1,2909551,0421,0461,287658749
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(1)(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:1,2889531,0421,0451,287657748

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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