For the year ending 2025-12-31, RSG had $46,000K increase in cash & cash equivalents over the period. $2,409,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,139,000 | 2,044,000 | 1,731,400 | 1,487,600 |
| Depreciation, depletion, amortization and accretion | 1,928,000 | 1,784,000 | 1,599,300 | 1,441,200 |
| Non-cash interest expense | 75,000 | 71,000 | 85,800 | 71,600 |
| Stock-based compensation | - | 42,000 | 40,900 | 38,800 |
| Deferred tax provision | 269,000 | 87,000 | 101,700 | 181,100 |
| Provision for doubtful accounts, net of adjustments | - | 27,000 | 53,200 | 41,500 |
| Loss on extinguishment of debt | - | -2,000 | -200 | 0 |
| (gain) loss on disposition of assets and asset impairments, net | - | 19,000 | 1,200 | 9,200 |
| Environmental adjustments | - | 7,000 | 2,000 | 2,900 |
| Loss from unconsolidated equity method investments | -163,000 | -255,000 | -94,300 | -165,600 |
| Other non-cash items | -81,000 | 10,000 | 1,600 | 100 |
| Accounts receivable | 87,000 | 76,000 | 71,300 | 198,800 |
| Prepaid expenses and other assets | 174,000 | 171,000 | 29,800 | 83,800 |
| Accounts payable | -14,000 | -27,000 | 82,800 | 106,400 |
| Capping, closure and post-closure expenditures | -70,000 | -56,000 | -60,800 | -64,600 |
| Remediation expenditures | 54,000 | 62,000 | 54,900 | 54,700 |
| Other liabilities | 40,000 | 14,000 | 43,400 | 64,500 |
| Payments from retirement of certain hedging relationships | 0 | 24,000 | 2,400 | 0 |
| Cash provided by operating activities | 4,296,000 | 3,936,000 | 3,617,800 | 3,190,000 |
| Purchases of property and equipment | 1,887,000 | 1,855,000 | 1,631,100 | 1,454,000 |
| Proceeds from sales of property and equipment | 13,000 | 47,000 | 29,200 | 32,800 |
| Cash used in acquisitions and investments, net of cash and restricted cash acquired | 1,430,000 | 753,000 | 2,065,300 | 3,038,500 |
| Cash received from business divestitures | 11,000 | 2,000 | 6,400 | 50,600 |
| Purchases of restricted marketable securities | - | 26,000 | 28,900 | 19,600 |
| Sales of restricted marketable securities | - | 24,000 | 13,100 | 19,700 |
| Other | 20,000 | 0 | -9,800 | 14,000 |
| Cash used in investing activities | -3,313,000 | -2,561,000 | -3,666,800 | -4,423,000 |
| Proceeds from credit facilities and notes payable, net of fees | 37,715,000 | 24,020,000 | 39,221,100 | 16,446,300 |
| Proceeds from issuance of senior notes, net of discount and fees | 1,183,000 | 889,000 | 2,172,300 | 0 |
| Payments of credit facilities and notes payable | 38,206,000 | 25,109,000 | 40,410,800 | 14,281,700 |
| Premiums paid on extinguishment of debt | - | - | - | 0 |
| Issuances of common stock, net | 5,000 | 14,000 | 1,200 | -13,600 |
| Purchases of common stock for treasury | 870,000 | 482,000 | 261,800 | 203,500 |
| Cash dividends paid | 738,000 | 687,000 | 638,100 | 592,900 |
| Distributions paid to non-controlling interests in consolidated subsidiary | 1,000 | 0 | 0 | 800 |
| Contingent consideration payments | 16,000 | 15,000 | 19,600 | 9,600 |
| Cash (used in) provided by financing activities | -938,000 | -1,398,000 | 61,900 | 1,344,200 |
| Effect of foreign exchange rate changes on cash | 1,000 | -2,000 | 300 | -2,500 |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 46,000 | -25,000 | 13,200 | 108,700 |
| Cash and cash equivalents at beginning of period | 203,000 | 228,000 | 214,300 | 105,600 |
| Cash and cash equivalents at end of period | 249,000 | 203,000 | 227,500 | 214,300 |
REPUBLIC SERVICES, INC. (RSG)
REPUBLIC SERVICES, INC. (RSG)