Republic Services Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,139	2,043	1,731	1,488	1,290
Depreciation & Amortization	1,818	1,703	1,599	1,441	1,268
Other Amortization	110	81	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-9	0.4
Loss (Gain) on Equity Investments	163	255	94	166	188.5
Stock-Based Compensation	-	-	-	39	57
Provision & Write-off of Bad Debts	-	-	-	41	19.9
Other Operating Activities	425	208	282	256	56.3
Change in Accounts Receivable	-87	-76	-71	-199	-135.4
Change in Accounts Payable	-14	-27	83	106	113.8
Change in Other Net Operating Assets	-258	-251	-100	-139	-72.4
Operating Cash Flow	4,296	3,936	3,618	3,190	2,787
Operating Cash Flow Growth	9.15%	8.79%	13.42%	14.47%	12.75%
Capital Expenditures	-1,887	-1,855	-1,631	-1,454	-1,316
Sale of Property, Plant & Equipment	13	47	29	33	19.5
Cash Acquisitions	-1,430	-753	-2,065	-3,039	-1,222
Divestitures	11	2	6	51	46.3
Other Investing Activities	-20	-2	-6	-14	6.1
Investing Cash Flow	-3,313	-2,561	-3,667	-4,423	-2,466
Long-Term Debt Issued	38,898	24,909	41,393	16,446	5,847
Long-Term Debt Repaid	-38,206	-25,109	-40,411	-14,282	-5,305
Net Debt Issued (Repaid)	692	-200	982	2,164	542.1
Repurchase of Common Stock	-870	-482	-262	-203	-252.2
Common Dividends Paid	-738	-687	-638	-593	-552.6
Other Financing Activities	-22	-29	-20	-24	-66.5
Financing Cash Flow	-938	-1,398	62	1,344	-329.2
Foreign Exchange Rate Adjustments	1	-2	1	-3	-
Net Cash Flow	46	-25	14	108	-8.6
Free Cash Flow	2,409	2,081	1,987	1,736	1,470
Free Cash Flow Growth	15.76%	4.73%	14.46%	18.06%	15.14%
Free Cash Flow Margin	14.52%	12.98%	13.28%	12.85%	13.02%
Free Cash Flow Per Share	7.72	6.61	6.28	5.47	4.60
Cash Interest Paid	500	487	423	312	249.4
Cash Income Tax Paid	206	313	343	185	300.4
Levered Free Cash Flow	1,770	1,541	1,800	1,267	1,248
Unlevered Free Cash Flow	2,129	1,878	2,118	1,514	1,445
Change in Working Capital	-359	-354	-88	-232	-94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.