Republic Services Inc. (RSG) financial statements: income statement, balance sheet and cash flow
Republic Services Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Republic Services Inc. reported revenue of $16.6B (+3.5% year on year) and net income of $2.1B (+4.7% year on year).
Income statement
Republic Services Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$16.6B
$16.0B
$15.0B
$13.5B
Cost of operations
$9.6B
$9.3B
$8.9B
$8.2B
Depreciation, depletion and amortization
$1.8B
$1.7B
$1.5B
$1.4B
Accretion
$114.0M
$107.0M
$97.9M
$89.6M
Selling, general and administrative
$1.7B
$1.7B
$1.6B
$1.5B
Adjustment to withdrawal liability for multiemployer pension funds
$1.0M
$0
$4.5M
($1.6M)
Gain on business divestitures and impairments, net
$0
($1.0M)
($3.6M)
($6.3M)
Restructuring charges
$20.0M
$29.0M
$33.2M
$27.0M
Operating income
$3.3B
$3.2B
$2.8B
$2.4B
Interest expense
($574.0M)
($539.0M)
($508.2M)
($395.6M)
Loss from unconsolidated equity method investments
($163.0M)
($255.0M)
($94.3M)
($165.6M)
Loss on extinguishment of debt
$0
($2.0M)
($200.0K)
$0
Interest income
$8.0M
$9.0M
$6.5M
$3.3M
Other income, net
$21.0M
$23.0M
$7.5M
($2.3M)
Income before income taxes
$2.6B
$2.4B
$2.2B
$1.8B
Provision for income taxes
$455.0M
$388.0M
$460.1M
$343.9M
Net income
$2.1B
$2.0B
$1.7B
$1.5B
Net income attributable to non-controlling interests in consolidated subsidiary
$0
($1.0M)
($400.0K)
$0
Net income attributable to Republic Services, Inc.
$2.1B
$2.0B
$1.7B
$1.5B
Basic earnings per share (in dollars per share)
$6.86
$6.50
$5.47
$4.70
Weighted average common shares outstanding (in shares)
311.9M
314.4M
316.2M
316.5M
Diluted earnings per share (in dollars per share)
$6.85
$6.49
$5.47
$4.69
Weighted average common and common equivalent shares outstanding (in shares)
312.2M
314.8M
316.7M
317.1M
Cash dividends per common share (in dollars per share)
$2.41
$2.23
$2.06
$1.91
Republic Services Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$4.4B
$4.1B
$4.2B
$4.2B
Cost of operations
$2.6B
$2.4B
$2.5B
$2.4B
Depreciation, depletion and amortization
$488.0M
$461.0M
$459.0M
$463.0M
Accretion
$30.0M
$30.0M
$29.0M
$28.0M
Selling, general and administrative
$444.0M
$425.0M
$422.0M
$425.0M
Restructuring charges
$4.0M
$2.0M
$3.0M
$6.0M
(Gain) loss on business divestitures and impairments, net
$0
($1.0M)
$0
$3.0M
Operating income
$901.0M
$830.0M
$836.0M
$861.0M
Interest expense
($151.0M)
($151.0M)
($143.0M)
($145.0M)
Loss from unconsolidated equity method investments
($58.0M)
($52.0M)
($57.0M)
($2.0M)
Interest income
$2.0M
$2.0M
$2.0M
$2.0M
Other income, net
$5.0M
$27.0M
$7.0M
$4.0M
Income before income taxes
$699.0M
$656.0M
$645.0M
$720.0M
Provision for income taxes
$133.0M
$131.0M
$95.0M
$170.0M
Net income
$566.0M
$525.0M
$550.0M
$550.0M
Net income attributable to non-controlling interests in consolidated subsidiary
$0
$0
$0
$0
Net income attributable to Republic Services, Inc.
$566.1M
$525.3M
$549.7M
$549.9M
Basic earnings per share (in dollars per share)
$1.84
$1.70
$1.76
$1.76
Weighted average common shares outstanding (in shares)
307.5M
309.1M
311.7M
313.1M
Diluted earnings per share (in dollars per share)
$1.84
$1.70
$1.76
$1.75
Weighted average common and common equivalent shares outstanding (in shares)
307.6M
309.3M
312.0M
313.4M
Cash dividends per common share (in dollars per share)
$0.63
$0.63
$0.63
$0.58
Balance sheet
Republic Services Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$76.0M
$74.0M
$140.0M
$143.4M
Accounts receivable, less allowance for doubtful accounts and other of $66 and $74, respectively
$1.9B
$1.8B
$1.8B
$1.7B
Prepaid expenses and other current assets
$550.0M
$511.0M
$472.6M
$536.5M
Total current assets
$2.5B
$2.4B
$2.4B
$2.4B
Restricted cash and marketable securities
$259.0M
$208.0M
$163.6M
$127.6M
Property and equipment, net
$12.6B
$11.9B
$11.4B
$10.7B
Goodwill
$16.7B
$16.0B
$15.8B
$14.5B
Other intangible assets, net
$655.0M
$546.0M
$496.2M
$347.2M
Other assets
$1.6B
$1.4B
$1.2B
$1.0B
Total assets
$34.4B
$32.4B
$31.4B
$29.1B
Accounts payable
$1.4B
$1.3B
$1.4B
$1.2B
Notes payable and current maturities of long-term debt
$596.0M
$862.0M
$932.3M
$456.0M
Deferred revenue
$496.0M
$485.0M
$467.3M
$443.0M
Accrued landfill and environmental costs, current portion
$148.0M
$159.0M
$141.6M
$132.6M
Accrued interest
$109.0M
$101.0M
$104.1M
$79.0M
Other accrued liabilities
$1.2B
$1.2B
$1.2B
$1.1B
Total current liabilities
$3.9B
$4.1B
$4.2B
$3.4B
Long-term debt, net of current maturities
$13.0B
$11.9B
$11.9B
$11.3B
Accrued landfill and environmental costs, net of current portion
$2.6B
$2.4B
$2.3B
$2.1B
Deferred income taxes and other long-term tax liabilities, net
$1.9B
$1.6B
$1.5B
$1.5B
Insurance reserves, net of current portion
$436.0M
$402.0M
$348.8M
$315.1M
Other long-term liabilities
$556.0M
$588.0M
$594.6M
$660.7M
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued
$0.00
$0.00
$0.00
$0.00
Common stock, par value $0.01 per share; 750 shares authorized; 313 and 313 issued including shares held in treasury, respectively
$3000000.00
$3000000.00
$3200000.00
$3200000.00
Additional paid-in capital
$1.8B
$1.8B
$2.9B
$2.8B
Retained earnings
$11.2B
$9.8B
$8.4B
$7.4B
Treasury stock, at cost; 5 and 1 shares, respectively
-1.0B
-113.0M
-783.5M
-504.6M
Accumulated other comprehensive income, net of tax
($29.0M)
($26.0M)
($12.1M)
($12.1M)
Total Republic Services, Inc. stockholders’ equity
$12.0B
$11.4B
$10.5B
$9.7B
Non-controlling interests in consolidated subsidiary
$1.0M
$2.0M
$1.2M
$800.0K
Total stockholders’ equity
$12.0B
$11.4B
$10.5B
$9.7B
Total liabilities and stockholders’ equity
$34.4B
$32.4B
$31.4B
$29.1B
Republic Services Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$107.0M
$118.0M
$84.0M
$122.0M
Accounts receivable, less allowance for doubtful accounts and other of $59 and $66, respectively
$2.0B
$1.9B
$1.9B
$1.9B
Prepaid expenses and other current assets
$427.0M
$475.0M
$500.0M
$414.0M
Total current assets
$2.6B
$2.5B
$2.5B
$2.4B
Restricted cash and marketable securities
$285.0M
$292.0M
$225.0M
$224.0M
Property and equipment, net
$12.9B
$12.7B
$12.2B
$12.0B
Goodwill
$17.2B
$16.9B
$16.7B
$16.6B
Other intangible assets, net
$707.0M
$647.0M
$599.0M
$612.0M
Other assets
$1.5B
$1.5B
$1.6B
$1.5B
Total assets
$35.2B
$34.6B
$33.8B
$33.4B
Accounts payable
$1.4B
$1.2B
$1.2B
$1.2B
Notes payable and current maturities of long-term debt
$548.0M
$547.0M
$921.0M
$421.0M
Deferred revenue
$480.0M
$480.0M
$504.0M
$490.0M
Accrued landfill and environmental costs, current portion
$156.0M
$159.0M
$145.0M
$141.0M
Accrued interest
$114.0M
$122.0M
$125.0M
$110.0M
Other accrued liabilities
$1.2B
$1.2B
$1.3B
$1.3B
Total current liabilities
$4.0B
$3.7B
$4.3B
$3.6B
Long-term debt, net of current maturities
$13.5B
$13.3B
$12.4B
$12.5B
Accrued landfill and environmental costs, net of current portion
$2.6B
$2.6B
$2.6B
$2.5B
Deferred income taxes and other long-term tax liabilities, net
$2.0B
$1.9B
$1.7B
$1.6B
Insurance reserves, net of current portion
$457.0M
$454.0M
$442.0M
$427.0M
Other long-term liabilities
$563.0M
$552.0M
$563.0M
$580.0M
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued
$0.00
$0.00
$0.00
$0.00
Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively
$3000000.00
$3000000.00
$3000000.00
$3000000.00
Additional paid-in capital
$1.9B
$1.9B
$1.8B
$1.8B
Retained earnings
$11.9B
$11.5B
$10.8B
$10.5B
Treasury stock, at cost; 8 and 5 shares, respectively
-1.7B
-1.3B
-727.0M
-181.0M
Accumulated other comprehensive loss, net of tax
($33.0M)
($31.0M)
($31.0M)
($28.0M)
Total Republic Services, Inc. stockholders’ equity
$12.0B
$12.0B
$11.9B
$12.1B
Non-controlling interests in consolidated subsidiary
$1.0M
$1.0M
$1.0M
$2.0M
Total stockholders’ equity
$12.0B
$12.0B
$11.9B
$12.1B
Total liabilities and stockholders’ equity
$35.2B
$34.6B
$33.8B
$33.4B
Cash flow statement
Republic Services Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$2.1B
$2.0B
$1.7B
$1.5B
Depreciation, depletion, amortization and accretion
$1.9B
$1.8B
$1.6B
$1.4B
Non-cash interest expense
$75.0M
$71.0M
$85.8M
$71.6M
Deferred tax provision
$269.0M
$87.0M
$101.7M
$181.1M
Loss from unconsolidated equity method investments
$163.0M
$255.0M
$94.3M
$165.6M
Other non-cash items
$81.0M
($10.0M)
($1.6M)
($100.0K)
Accounts receivable
($87.0M)
($76.0M)
($71.3M)
($198.8M)
Prepaid expenses and other assets
($174.0M)
($171.0M)
($29.8M)
($83.8M)
Accounts payable
($14.0M)
($27.0M)
$82.8M
$106.4M
Capping, closure and post-closure expenditures
($70.0M)
($56.0M)
($60.8M)
($64.6M)
Remediation expenditures
($54.0M)
($62.0M)
($54.9M)
($54.7M)
Other liabilities
$40.0M
$14.0M
$43.4M
$64.5M
Payments from retirement of certain hedging relationships
$0
$24.0M
$2.4M
$0
Cash provided by operating activities
$4.3B
$3.9B
$3.6B
$3.2B
Purchases of property and equipment
($1.9B)
($1.9B)
($1.6B)
($1.5B)
Proceeds from sales of property and equipment
$13.0M
$47.0M
$29.2M
$32.8M
Cash used in acquisitions and investments, net of cash and restricted cash acquired
($1.4B)
($753.0M)
($2.1B)
($3.0B)
Cash received from business divestitures
$11.0M
$2.0M
$6.4M
$50.6M
Other
($20.0M)
$0
$9.8M
($14.0M)
Cash used in investing activities
($3.3B)
($2.6B)
($3.7B)
($4.4B)
Proceeds from credit facilities and notes payable, net of fees
$37.7B
$24.0B
$39.2B
$16.4B
Proceeds from issuance of senior notes, net of discount and fees
$1.2B
$889.0M
$2.2B
$0
Payments of credit facilities and notes payable
($38.2B)
($25.1B)
($40.4B)
($14.3B)
Issuances of common stock, net
($5.0M)
($14.0M)
($1.2M)
($13.6M)
Purchases of common stock for treasury
($870.0M)
($482.0M)
($261.8M)
($203.5M)
Cash dividends paid
($738.0M)
($687.0M)
($638.1M)
($592.9M)
Distributions paid to non-controlling interests in consolidated subsidiary
($1.0M)
$0
$0
($800.0K)
Contingent consideration payments
($16.0M)
($15.0M)
($19.6M)
($9.6M)
Cash (used in) provided by financing activities
($938.0M)
—
—
—
Effect of foreign exchange rate changes on cash
$1.0M
($2.0M)
$300.0K
($2.5M)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents
$46.0M
($25.0M)
$13.2M
$108.7M
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year
$203.0M
$228.0M
$214.3M
$105.6M
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year
$249.0M
$203.0M
$227.5M
$214.3M
Republic Services Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.1B
$525.0M
$1.6B
$1.0B
Depreciation, depletion, amortization and accretion
$1.0B
$491.0M
$1.4B
$954.0M
Non-cash interest expense
$40.0M
$21.0M
$57.0M
$37.0M
Deferred tax provision (benefit)
$61.0M
$33.0M
$130.0M
($8.0M)
Loss from unconsolidated equity method investments
$110.0M
$52.0M
$72.0M
$14.0M
Other non-cash items
$51.0M
$22.0M
($6.0M)
($5.0M)
Accounts receivable
($147.0M)
($25.0M)
($78.0M)
($51.0M)
Prepaid expenses and other assets
$41.0M
$49.0M
($93.0M)
$21.0M
Accounts payable
$123.0M
$49.0M
$23.0M
($13.0M)
Capping, closure and post-closure expenditures
($27.0M)
($9.0M)
($38.0M)
($21.0M)
Remediation expenditures
($26.0M)
($11.0M)
($31.0M)
($19.0M)
Other liabilities
$53.0M
$30.0M
$182.0M
$138.0M
Cash provided by operating activities
$2.4B
$1.2B
$3.3B
$2.1B
Purchases of property and equipment
($868.0M)
($476.0M)
($1.3B)
($866.0M)
Proceeds from sales of property and equipment
$7.0M
$3.0M
$10.0M
$8.0M
Cash used in acquisitions and investments, net of cash and restricted cash acquired
($865.0M)
($437.0M)
($1.3B)
($963.0M)
Cash received from business divestitures
$2.0M
$1.0M
$7.0M
$7.0M
Other
($3.0M)
($1.0M)
($17.0M)
—
Cash used in investing activities
($1.7B)
($910.0M)
($2.6B)
($1.8B)
Proceeds from credit facilities and notes payable, net of fees
$25.7B
$15.3B
$26.9B
$20.0B
Proceeds from issuance of senior notes, net of discount and fees
$1.2B
$0
$1.2B
$1.2B
Payments of credit facilities and notes payable
($26.4B)
($15.0B)
($27.6B)
($21.0B)
Issuances of common stock, net
($8.0M)
($14.0M)
($10.0M)
($14.0M)
Purchases of common stock for treasury
($659.0M)
($292.0M)
($599.0M)
($59.0M)
Cash dividends paid
($385.0M)
($193.0M)
($544.0M)
($362.0M)
Contingent consideration payments
($17.0M)
($14.0M)
($9.0M)
($3.0M)
Cash used in financing activities
($595.0M)
($238.0M)
($723.0M)
($260.0M)
Effect of foreign exchange rate changes on cash
($1.0M)
($1.0M)
$1.0M
$1.0M
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents
$57.0M
$78.0M
$22.0M
$60.0M
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
$249.0M
$249.0M
$203.0M
$203.0M
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period