REPUBLIC SERVICES, INC.

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 8, 2026

RSG$247.62+0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Financial Statements

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

	March 31,	December 31,
	2026	2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$118	$76
Accounts receivable, less allowance for doubtful accounts and other of $60 and $66, respectively	1,917	1,897
Prepaid expenses and other current assets	475	550
Total current assets	2,510	2,523
Restricted cash and marketable securities	292	259
Property and equipment, net	12,695	12,639
Goodwill	16,926	16,715
Other intangible assets, net	647	655
Other assets	1,530	1,575
Total assets	$34,600	$34,366
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$1,196	$1,374
Notes payable and current maturities of long-term debt	547	596
Deferred revenue	480	496
Accrued landfill and environmental costs, current portion	159	148
Accrued interest	122	109
Other accrued liabilities	1,236	1,205
Total current liabilities	3,740	3,928
Long-term debt, net of current maturities	13,317	12,985
Accrued landfill and environmental costs, net of current portion	2,620	2,608
Deferred income taxes and other long-term tax liabilities, net	1,936	1,884
Insurance reserves, net of current portion	454	436
Other long-term liabilities	552	556
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued	—	—
Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively	3	3
Additional paid-in capital	1,851	1,833
Retained earnings	11,493	11,161
Treasury stock, at cost; 6 and 5 shares, respectively	(1,336)	(1,000)
Accumulated other comprehensive loss, net of tax	(31)	(29)
Total Republic Services, Inc. stockholders’ equity	11,980	11,968
Non-controlling interests in consolidated subsidiary	1	1
Total stockholders’ equity	11,981	11,969
Total liabilities and stockholders’ equity	$34,600	$34,366

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share data)

	Three Months Ended March 31,
	2026	2025
Revenue	$4,113	$4,009
Expenses:
Cost of operations	2,366	2,314
Depreciation, depletion and amortization	461	434
Accretion	30	28
Selling, general and administrative	425	427
Restructuring charges	2	4
Gain on business divestitures and impairments, net	(1)	(2)
Operating income	830	804
Interest expense	(151)	(140)
Loss from unconsolidated equity method investments	(52)	(12)
Interest income	2	2
Other income, net	27	11
Income before income taxes	656	665
Provision for income taxes	131	170
Net income	525	495
Net income attributable to non-controlling interests in consolidated subsidiary	—	—
Net income attributable to Republic Services, Inc.	$525	$495
Basic earnings per share attributable to Republic Services, Inc. stockholders:
Basic earnings per share	$1.70	$1.58
Weighted average common shares outstanding	309.1	313.0
Diluted earnings per share attributable to Republic Services, Inc. stockholders:
Diluted earnings per share	$1.70	$1.58
Weighted average common and common equivalent shares outstanding	309.3	313.3
Cash dividends per common share	$0.625	$0.580

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended March 31,
	2026	2025
Net income	$525	$495
Other comprehensive loss, net of tax	(2)	(5)
Comprehensive income	523	490
Comprehensive income attributable to non-controlling interests	—	—
Comprehensive income attributable to Republic Services, Inc.	$523	$490

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

	Republic Services, Inc. Stockholders’ Equity
Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Accumulated Other Comprehensive Loss, Net of Tax · Non-controllingInterests In Consolidated Subsidiary
Shares · Amount · Shares · Amount · Total
Balance as of December 31, 2025	313	$3	$1,833	$11,161	(5)	$(1,000)	$(29)	$1	$11,969
Net income	—	—	—	525	—	—	—	—	525
Other comprehensive loss	—	—	—	—	—	—	(2)	—	(2)
Cash dividends declared	—	—	—	(192)	—	—	—	—	(192)
Issuances of common stock	1	—	5	—	—	(19)	—	—	(14)
Stock-based compensation	—	—	13	(1)	—	—	—	—	12
Purchase of common stock for treasury	—	—	—	—	(1)	(317)	—	—	(317)
Balance as of March 31, 2026	314	3	1,851	11,493	(6)	(1,336)	(31)	1	11,981

	Republic Services, Inc. Stockholders’ Equity
Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Accumulated Other Comprehensive Loss, Net of Tax · Non-controllingInterests In Consolidated Subsidiary
Shares · Amount · Shares · Amount · Total
Balance as of December 31, 2024	313	$3	$1,767	$9,774	(1)	$(113)	$(26)	$2	$11,407
Net income	—	—	—	495	—	—	—	—	495
Other comprehensive loss	—	—	—	—	—	—	(5)	—	(5)
Cash dividends declared	—	—	—	(181)	—	—	—	—	(181)
Issuances of common stock	—	—	3	—	—	(22)	—	—	(19)
Stock-based compensation	—	—	14	(1)	—	—	—	—	13
Purchase of common stock for treasury	—	—	—	—	—	(45)	—	—	(45)
Balance as of March 31, 2025	313	3	1,784	10,087	(1)	(180)	(31)	2	11,665

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended March 31
	2026	2025
Cash provided by operating activities:
Net income	$525	$495
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion, amortization and accretion	491	462
Non-cash interest expense	21	18
Deferred tax provision	33	1
Loss from unconsolidated equity method investments	52	12
Other non-cash items	22	18
Change in assets and liabilities, net of effects from business acquisitions and divestitures:
Accounts receivable	(25)	(18)
Prepaid expenses and other assets	49	90
Accounts payable	49	(42)
Capping, closure and post-closure expenditures	(9)	(8)
Remediation expenditures	(11)	(9)
Other liabilities	30	6
Cash provided by operating activities	1,227	1,025
Cash used in investing activities:
Purchases of property and equipment	(476)	(459)
Proceeds from sales of property and equipment	3	3
Cash used in acquisitions and investments, net of cash and restricted cash acquired	(437)	(834)
Cash received from business divestitures	1	3
Other	(1)	(1)
Cash used in investing activities	(910)	(1,288)
Cash (used in) provided by financing activities:
Proceeds from credit facilities and notes payable, net of fees	15,310	11,372
Proceeds from issuance of senior notes, net of discount and fees	—	1,186
Payments of credit facilities and notes payable	(15,035)	(12,018)
Issuances of common stock, net	(14)	(19)
Purchases of common stock for treasury	(292)	(55)
Cash dividends paid	(193)	(181)
Contingent consideration payments	(14)	(1)
Cash (used in) provided by financing activities	(238)	284
Effect of foreign exchange rate changes on cash	(1)	—
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents	78	21
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	249	203
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$327	$224

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.