REPUBLIC SERVICES, INC. (RSG) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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REPUBLIC SERVICES, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $565,900,000.00Depreciation, amortization, depletion and accretion → Operating adjustments reconciliation: $448,700,000.00Loss (income) from unconsolidated equity method investments → Operating adjustments reconciliation: $73,500,000.00Other liabilities → Operating adjustments reconciliation: $69,200,000.00Deferred tax provision → Operating adjustments reconciliation: $22,700,000.00Non-cash interest expense → Operating adjustments reconciliation: $19,100,000.00Stock-based compensation → Operating adjustments reconciliation: $9,200,000.00Loss (gain) on disposition of assets and asset impairments, net → Operating adjustments reconciliation: $6,200,000.00Loss on extinguishment of debt → Operating adjustments reconciliation: $2,400,000.00Operating adjustments reconciliation → Net cash from operating activities: $437,200,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $95,700,000.00Operating adjustments reconciliation → Accounts payable: $45,800,000.00Operating adjustments reconciliation → Accounts receivable: $30,500,000.00Operating adjustments reconciliation → Remediation expenditures: $18,200,000.00Operating adjustments reconciliation → Capping, closure and post-closure expenditures: $13,100,000.00Operating adjustments reconciliation → Other non-cash items: $10,500,000.00Proceeds from sales of property and equipment → investing reconciliation: $3,300,000.00Cash received from business divestitures → investing reconciliation: $800,000.00investing reconciliation → Purchases of property and equipment: $439,500,000.00investing reconciliation → Cash used in acquisitions and investments, net of cash and restricted cash acquired: $199,400,000.00investing reconciliation → Purchases of restricted marketable securities: $900,000.00investing reconciliation → Other: $100,000.00Net cash used in financing activities → financing reconciliation: $753,500,000.00Proceeds from credit facilities and notes payable, net of fees → financing reconciliation: $5,131,900,000.00Issuances of common stock, net → financing reconciliation: $3,200,000.00financing reconciliation → Payments of credit facilities and notes payable: $5,561,100,000.00financing reconciliation → Cash dividends paid: $168,000,000.00financing reconciliation → Purchases of common stock for treasury: $153,100,000.00financing reconciliation → Contingent consideration payments: $6,200,000.00financing reconciliation → Distributions paid to non-controlling interests in consolidated subsidiary: $100,000.00financing reconciliation → Remaining financing cash flows, net (calculated): $100,000.00Net cash used in investing activities → investing reconciliation: $635,800,000.00Exchange-rate effect → Cash sources and uses: $400,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $591,800,000.00Net cash from operating activities → Cash sources and uses: $1,003,100,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $206,000,000.00Cash sources and uses → Net cash used in investing activities: $635,800,000.00Cash sources and uses → Net cash used in financing activities: $753,500,000.00Net income: $565,900,000.00Net income+$565.90 MDepreciation, amortization, depletion and accretion: $448,700,000.00Depreciation, depletion & amort.+$448.70 MNon-cash interest expense: $19,100,000.00Accretion expense+$19.10 MStock-based compensation: $9,200,000.00Stock-based compensation+$9.20 MDeferred tax provision: $22,700,000.00Deferred income taxes+$22.70 MProvision for doubtful accounts, net of adjustments: $0.00Loss on extinguishment of debt: $2,400,000.00Debt extinguishment gain & loss+$2.40 MLoss (gain) on disposition of assets and asset impairments, net: $6,200,000.00Asset sales & impairments+$6.20 MLoss (income) from unconsolidated equity method investments: $73,500,000.00Equity-method results+$73.50 MOther non-cash items: -$10,500,000.00Other non-cash items−$10.50 MAccounts receivable: -$30,500,000.00Accounts receivable−$30.50 MPrepaid expenses and other assets: -$95,700,000.00Prepaid & other assets−$95.70 MAccounts payable: -$45,800,000.00Accounts payable−$45.80 MCapping, closure and post-closure expenditures: -$13,100,000.00Asset retirement settlements−$13.10 MRemediation expenditures: -$18,200,000.00Environmental payments, net−$18.20 MOther liabilities: $69,200,000.00Other operating liabilities+$69.20 MProceeds for retirement of certain hedging relationships: $0.00Net cash from operating activities: $1,003,100,000.00Operating cash+$1.00 BOperating adjustments reconciliation: $651,000,000.00Proceeds from credit facilities and notes payable, net of fees: $5,131,900,000.00Other long-term debt issued+$5.13 BPayments of credit facilities and notes payable: -$5,561,100,000.00Debt & capital securities repaid−$5.56 BIssuances of common stock, net: $3,200,000.00Financing & issuance costs+$3.20 MCash dividends paid: -$168,000,000.00Common dividends paid−$168.00 MDistributions paid to non-controlling interests in consolidated subsidiary: -$100,000.00Noncontrolling dividends−$100.00 KContingent consideration payments: -$6,200,000.00Contingent consideration paid−$6.20 MPurchases of common stock for treasury: -$153,100,000.00Common stock repurchases−$153.10 MRemaining financing cash flows, net (calculated): -$100,000.00Remaining financing (calculated)−$100.00 KNet cash used in financing activities: -$753,500,000.00. Cash required to fund net payments.Financing cash−$753.50 Mfinancing reconciliation: $5,888,600,000.00Purchases of restricted marketable securities: -$900,000.00Restricted investment purchases−$900.00 KPurchases of property and equipment: -$439,500,000.00PP&E purchases−$439.50 MOther: -$100,000.00Other investing, net−$100.00 KCash received from business divestitures: $800,000.00Business sales, net of cash+$800.00 KProceeds from sales of property and equipment: $3,300,000.00PP&E sales+$3.30 MSales of restricted marketable securities: $0.00Cash used in acquisitions and investments, net of cash and restricted cash acquired: -$199,400,000.00Acquisitions, net of cash−$199.40 MNet cash used in investing activities: -$635,800,000.00. Cash required to fund net payments.Investing cash−$635.80 Minvesting reconciliation: $639,900,000.00Cash sources and uses: $1,595,300,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $591,800,000.00Beginning cash$591.80 MEnding cash: Cash, cash equivalents, and restricted cash: $206,000,000.00Ending cash$206.00 MExchange-rate effect: $400,000.00FX effect+$400.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$563.60 MOperating cash − cash spent on PP&ECash flow / Net income1.77×Operating cash flow ÷ net incomeNet cash change−$385.80 MEnding cash − beginning cash
Chart details

REPUBLIC SERVICES, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
591,800,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,003,100,000 US dollars. Net cash provided.
Net income
565,900,000 US dollars
Depreciation, amortization, depletion and accretion
448,700,000 US dollars
Non-cash interest expense
19,100,000 US dollars
Stock-based compensation
9,200,000 US dollars
Deferred tax provision
22,700,000 US dollars
Provision for doubtful accounts, net of adjustments
0 US dollars
Loss on extinguishment of debt
2,400,000 US dollars
Loss (gain) on disposition of assets and asset impairments, net
6,200,000 US dollars
Loss (income) from unconsolidated equity method investments
73,500,000 US dollars
Other non-cash items
negative 10,500,000 US dollars
Accounts receivable
negative 30,500,000 US dollars
Prepaid expenses and other assets
negative 95,700,000 US dollars
Accounts payable
negative 45,800,000 US dollars
Capping, closure and post-closure expenditures
negative 13,100,000 US dollars
Remediation expenditures
negative 18,200,000 US dollars
Other liabilities
69,200,000 US dollars
Proceeds for retirement of certain hedging relationships
0 US dollars
Investing activities
negative 635,800,000 US dollars. Net cash used.
Purchases of restricted marketable securities
negative 900,000 US dollars
Purchases of property and equipment
negative 439,500,000 US dollars
Other
negative 100,000 US dollars
Cash received from business divestitures
800,000 US dollars
Proceeds from sales of property and equipment
3,300,000 US dollars
Sales of restricted marketable securities
0 US dollars
Cash used in acquisitions and investments, net of cash and restricted cash acquired
negative 199,400,000 US dollars
Financing activities
negative 753,500,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from issuance of senior notes, net of discount and fees), so Proceeds from issuance of senior notes, net of discount and fees cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from credit facilities and notes payable, net of fees
5,131,900,000 US dollars
Payments of credit facilities and notes payable
negative 5,561,100,000 US dollars
Issuances of common stock, net
3,200,000 US dollars
Cash dividends paid
negative 168,000,000 US dollars
Distributions paid to non-controlling interests in consolidated subsidiary
negative 100,000 US dollars
Contingent consideration payments
negative 6,200,000 US dollars
Purchases of common stock for treasury
negative 153,100,000 US dollars
Remaining financing cash flows, net (calculated)
negative 100,000 US dollars
Operating adjustment reconciliation
651,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
5,888,600,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
639,900,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
400,000 US dollars
Ending cash on Sep 30, 2024
206,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,595,300,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 385,800,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.77×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,003,100,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
439,500,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
563,600,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $437.20M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,003,100,000 US dollars minus 439,500,000 US dollars equals 563,600,000 US dollars.
REPUBLIC SERVICES, INC. (RSG) FY2024 Q3 Statement of Cash Flows Sankey chart
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