Republic Services, Inc.

NYSE-RSG

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	2,108	2,044	1,731	1,488	1,292.3	969.6	1,073.8	1,037.6	1,279	613.2	750.4
Net Income
Depreciation & Amortization	1,912	1,784	1,599	1,441	1,268.2	1,158.8	1,122.4	1,114.1	1,116.1	1,070.2	1,050
Depreciation, Depletion, Amortization and Accretion
Landfill Depletion and Amortization
Amortization of Intangible and Other Assets
Accretion
Stock Based Compensation	44	42	41	39	57	37.3	39.5	39	34.6	23.2	18.9
Stock-Based Compensation
Restricted Stock and Deferred Stock Unit Compensation Expense
Stock Option Compensation Expense
Other Adjustments	442	420	335	454	262.8	447.2	329.8	210.9	-288.1	346.4	177.1
Non-Cash Interest Expense
Non-Cash Interest Expense - Other
Restructuring Related Charges
Deferred Tax Provision
Provision for Doubtful Accounts, Net of Adjustments
Gains, Net from Divestitures of Businesses
Loss on Extinguishment of Debt
Gain on Disposition of Assets, Net
Loss on Disposition of Assets and Asset Impairments, Net
Withdrawal Costs - Multiemployer Pension Funds, Net of Payments
Environmental Adjustments
Income from Unconsolidated Equity Method Investments
Excess Income Tax Benefit from Stock-Based Compensation Activity
Gains, Net on Sales of Businesses
Other Non-Cash Items
Changes in Trade Receivables	-54	-76	-71	-199	-135.4	13.8	-38.3	-29.6	-118.9	-52.3	-15.7
Accounts Receivable
Changes in Accounts Payable	22	-27	83	106	113.8	-46.7	6.4	85.9	21.7	-9.8	35.6
Accounts Payable and Accrued Liabilities
Accounts Payable
Changes in Income Taxes Payable	—	—	—	—	—	—	—	—	—	—	—
Federal Income Taxes Payable
Changes in Other Operating Activities	-138	-251	-100	-139	-72.4	-108.4	-181.5	-215.1	-133.7	-143.1	-336.6
Prepaid Expenses and Other Assets
Restructuring Expenditures
Capping, Closure and Post-Closure Expenditures
Remediation Expenditures
Withdrawal Expenditures - Multiemployer Pension Funds
Other Liabilities
Proceeds for Retirement of Certain Hedging Relationships
Cash from Operating Activities	4,337	3,936	3,618	3,190	2,786.7	2,471.6	2,352.1	2,242.8	1,910.7	1,847.8	1,679.7
Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-1,808	-1,855	-1,631	-1,454	-1,316.3	-1,194.6	-1,207.1	-1,071.8	-989.8	-927.8	-945.6
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	48	47	29	33	19.5	30.1	21.7	31.6	6.1	9.8	21.2
Proceeds from Sales of Property and Equipment
Purchases of Investments	-23	-26	-29	-20	-30.8	-32.9	-14.7	-38.2	-18.5	-29.9	—
Purchases of Restricted Marketable Securities
Proceeds from Sale of Investments	21	24	13	20	37.9	11.2	13.5	37.7	18.1	32.1	—
Sales of Restricted Marketable Securities
Payments for Business Acquisitions	-1,612	-753	-2,065	-3,039	-1,221.7	-769.5	-575.1	-277.3	-351.8	-62.4	-572.7
Cash Provided by Acquisitions and Investments, Net of Cash and Restricted Cash Acquired
Proceeds from Business Divestments	—	2	6	51	46.3	32.9	42.8	89.2	4.7	15	—
Cash Received from Business Divestitures
Other Investing Activities	—	—	10	-14	-1	—	-0.1	-0.3	1	-1.3	14.3
Change in Amounts Due and Contingent Payments to Former Owners
Change in Restricted Cash and Marketable Securities
Change in Restricted Marketable Securities
Other
Cash from Investing Activities	-3,383	-2,561	-3,667	-4,423	-2,466.1	-1,922.8	-1,719	-1,229.1	-1,330.2	-964.5	-1,482.8
Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	35,300	24,909	41,393	16,446	5,846.6	5,341.6	5,637.6	5,129.4	5,432.6	4,400.8	1,416.3
Proceeds from Credit Facilities and Notes Payable, Net of Fees
Proceeds from Issuance of Senior Notes, Net of Discount and Fees
Repayments of Long-Term Debt	-35,913	-25,109	-40,411	-14,282	-5,304.5	-5,221.4	-5,327.9	-5,000.7	-4,922.8	-4,307.1	-915.7
Payments of Credit Facilities and Notes Payable
Net Issuance / (Repayments) of Long-Term Debt	-613	-200	982	2,164	542.1	120.2	309.7	128.7	509.8	93.7	500.6
Issuance of Common Shares	-6	-14	-1	-13	-12	3.9	9.3	23.2	36.9	49.7	65.9
Issuances of Common Stock, Net
Repurchases of Common Shares	-760	-482	-262	-203	-252.2	-98.8	-399.4	-736.9	-610.7	-403.8	-404.7
Payment for Deferred Stock Units
Purchases of Common Stock for Treasury
Net Issuance / (Repurchases) of Common Shares	-766	-496	-263	-216	-264.2	-94.9	-390.1	-713.7	-573.8	-354.1	-338.8
Common Share Dividends Paid	-726	-687	-638	-593	-552.6	-522.5	-491.2	-461.8	-440.5	-418.9	-399.3
Cash Dividends Paid
Other Financing Activities	-10	-15	-19	-11	-54.5	-114.8	-17.4	-12.7	-9.9	-177.5	-2.2
Premiums Paid on Extinguishment of Debt
Fees Paid to Issue and Retire Senior Notes and Certain Hedging Relationships
Fees Paid to Issue Senior Notes and Retire Certain Hedging Relationships
Fees Paid to Retire and Issue Senior Notes and Retire Certain Hedging Relationships
Excess Income Tax Benefit from Stock-Based Compensation Activity
Distributions Paid to Non-Controlling Interests in Consolidated Subsidiary
Other
Contingent Consideration Payments
Cash from Financing Activities	-933	-1,398	62	1,344	-329.2	-612	-589	-1,059.5	-514.4	-856.8	-239.7
Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	2,529	2,081	1,987	1,736	1,470.4	1,277	1,145	1,171	920.9	920	734.1
NOPAT	2,717.5	2,686.1	2,196.3	1,942.8	1,703.4	1,450.2	1,481	1,363.5	1,664.5	976.1	978.1
Levered Free Cash Flow	1,482	1,494	2,664	3,606	1,825.8	896.5	1,123.2	1,078.7	1,802.5	695.8	1,053.9
Unlevered Free Cash Flow	2,705.5	2,337.1	2,147.3	1,896.8	1,696.7	1,259.3	1,221.2	1,276.6	1,678.8	965.6	781.5
Net Change in Cash	21	-23	13	111	-8.6	-63.2	44.1	-45.8	66.1	26.5	-42.8