Republic Services Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,107	2,043	1,731	1,488	1,290	967.2
Depreciation & Amortization	1,831	1,703	1,532	1,441	1,268	1,159
Other Amortization	81	81	67	-	-	-
Loss (Gain) From Sale of Assets	-25	-19	-1	-9	0.4	75.5
Loss (Gain) on Equity Investments	211	255	94	166	188.5	118.2
Stock-Based Compensation	44	42	41	39	57	37.3
Provision & Write-off of Bad Debts	34	27	53	41	19.9	27.8
Other Operating Activities	200	158	189	256	56.3	228.1
Change in Accounts Receivable	-54	-76	-71	-199	-135.4	13.8
Change in Accounts Payable	22	-27	83	106	113.8	-46.7
Change in Other Net Operating Assets	-114	-251	-100	-139	-72.4	-108.4
Operating Cash Flow	4,337	3,936	3,618	3,190	2,787	2,472
Operating Cash Flow Growth	13.75%	8.79%	13.42%	14.47%	12.75%	5.08%
Capital Expenditures	-1,808	-1,855	-1,631	-1,454	-1,316	-1,195
Sale of Property, Plant & Equipment	48	47	29	33	19.5	30.1
Cash Acquisitions	-1,612	-753	-2,065	-3,039	-1,222	-769.5
Divestitures	7	2	6	51	46.3	32.9
Other Investing Activities	-18	-2	-6	-14	6.1	-21.7
Investing Cash Flow	-3,383	-2,561	-3,667	-4,423	-2,466	-1,923
Long-Term Debt Issued	-	24,909	41,393	16,446	5,847	5,342
Long-Term Debt Repaid	-	-25,109	-40,411	-14,282	-5,305	-5,221
Net Debt Issued (Repaid)	570	-200	982	2,164	542.1	120.2
Issuance of Common Stock	-	-	-	-	-	3.9
Repurchase of Common Stock	-760	-482	-262	-203	-252.2	-98.8
Common Dividends Paid	-726	-687	-638	-593	-552.6	-522.5
Other Financing Activities	-17	-29	-20	-24	-66.5	-114.8
Financing Cash Flow	-933	-1,398	62	1,344	-329.2	-612
Foreign Exchange Rate Adjustments	-2	-2	1	-3	-	-
Net Cash Flow	19	-25	14	108	-8.6	-63.2
Free Cash Flow	2,529	2,081	1,987	1,736	1,470	1,277
Free Cash Flow Growth	32.55%	4.73%	14.46%	18.06%	15.14%	11.53%
Free Cash Flow Margin	15.32%	12.98%	13.28%	12.85%	13.02%	12.58%
Free Cash Flow Per Share	8.08	6.61	6.28	5.47	4.60	3.99
Cash Interest Paid	497	487	423	312	249.4	325.1
Cash Income Tax Paid	296	313	343	185	300.4	124
Levered Free Cash Flow	1,970	1,546	1,822	1,267	1,248	1,020
Unlevered Free Cash Flow	2,320	1,883	2,140	1,514	1,445	1,242
Change in Working Capital	-146	-354	-88	-232	-94	-141.3

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