Republic Services, Inc. (RSG) quarterly cash flow statement — complete operating, investing & financing history
Republic Services, Inc. (RSG) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 2.38B | 1.23B | 981M | 1.18B | 1.11B | 1.02B | 1.02B | 1B | 1.1B | 811.5M | 898.5M | 953.1M | 1.08B | 687.7M | 806.6M | 816.8M | 857.9M | 705.6M | 648.9M | 655M |
| Operating CF Margin % | 53.72% | 29.83% | 23.72% | 28.04% | 26.19% | 25.57% | 25.26% | 24.61% | 27.16% | 21.01% | 23.45% | 24.91% | 28.95% | 19.2% | 22.85% | 22.7% | 25.13% | 23.76% | 21.98% | 22.33% |
| Operating CF Growth % | 114.61% | 19.71% | -4.01% | 17.73% | 0.87% | 26.31% | 13.75% | 5.25% | 1.94% | 18% | 11.39% | 16.69% | 25.71% | -2.54% | 24.3% | 24.7% | 4.39% | 6.75% | 15.34% | 13.81% |
| Net Income | 1.09B | 525M | 545M | 550M | 550M | 495M | 512.5M | 565.67M | 511.54M | 453.7M | 439.57M | 480.3M | 427.5M | 383.9M | 347M | 416.9M | 371.8M | 351.9M | 313.1M | 350.8M |
| Depreciation & Amortization | 1.01B | 491M | 487M | 489M | 491M | 462M | 469.7M | 448.7M | 439.7M | 425.8M | 426.7M | 424M | 358.3M | 382.8M | 372.5M | 376.7M | 359.9M | 332.1M | 319.8M | 322.1M |
| Stock-Based Compensation | 0 | 0 | 0 | 10M | 10M | 13M | 11M | 9.2M | 10.6M | 11.2M | 9.2M | 10.3M | 9.8M | 11.6M | 8M | 9.6M | 8.8M | 12.4M | 7.9M | 10.5M |
| Deferred Taxes | 61M | 33M | 139M | 138M | -9M | 1M | 16.8M | 22.7M | 0 | 47.5M | 49.5M | 18.8M | 18.9M | 14.5M | 80.9M | 47.4M | 27.9M | 24.9M | 17.3M | -75.3M |
| Other Non-Cash Items | 201M | 95M | 134M | 84M | 31M | 18M | 108.2M | 59.63M | 58.56M | 38M | 133.03M | -4.9M | 34.4M | 8.3M | 68.9M | 47.4M | 22.9M | 13.8M | 123.1M | 9.6M |
| Working Capital Changes | 17M | 83M | -324M | -90M | 36M | 36M | -96.2M | -102.8M | 78.3M | -164.5M | -159.5M | 24.6M | 229.6M | -113.4M | -70.7M | -78.1M | 66.6M | -29.5M | -132.3M | 37.3M |
| Change in Receivables | -147M | -25M | -9M | -27M | -33M | -18M | 23.9M | -30.5M | -68.3M | -1.1M | 89.7M | -109M | -48.7M | -3.3M | 7.3M | -55.7M | -112M | -38.4M | 2.3M | -69.6M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400K | 825.9M |
| Change in Payables | 123M | 49M | -37M | 36M | 29M | -42M | -700K | -45.8M | 20.7M | -1.2M | -10.7M | 58.4M | 106.2M | -71.1M | 8.7M | -69.4M | 94.1M | 73M | 14.4M | 45M |
| Cash from Investing | -1.73B | -910M | -742M | -756M | -527M | -1.29B | -812.5M | -635.8M | -433.8M | -678.9M | -1.57B | -426.5M | -1.02B | -653.3M | -722.1M | -417M | -2.88B | -399.4M | -680.5M | -652.5M |
| Capital Expenditures | -868M | -476M | -577M | -444M | -407M | -459M | -497.6M | -439.5M | -403.4M | -514.5M | -547.9M | -368.9M | -335.7M | -378.6M | -529.2M | -277.5M | -313.2M | -334.1M | -412.1M | -295.6M |
| CapEx % of Revenue | 19.59% | 11.57% | 13.95% | 10.54% | 9.61% | 11.45% | 12.3% | 10.78% | 9.97% | 13.32% | 14.3% | 9.64% | 9.01% | 10.57% | 14.99% | 7.71% | 9.18% | 11.25% | 13.96% | 10.08% |
| Acquisitions | -865M | -433M | -164M | -296M | -129M | -834M | -314.7M | -198.6M | -30.1M | -166.3M | -1.01B | -61.4M | -696.4M | -291.6M | -190.4M | -142.5M | -2.57B | -81.6M | -285.4M | -359.3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 6M | -1M | -3M | -15M | 9M | 6M | 300K | 3.2M | -200K | -500K | -14.9M | 3.9M | 11.6M | 17M | -3.2M | 2.7M | 2.7M | 16.7M | 10M | 2.4M |
| Cash from Financing | -595M | -238M | -215M | -463M | -544M | 284M | -209.9M | -753.5M | -233.4M | -201.2M | 641.1M | -545.5M | 8.3M | -42M | -18.6M | -432.7M | 2.11B | -314.7M | 14.3M | 8.4M |
| Debt Issued (Net) | 474M | 275M | 252M | 262M | -362M | 540M | 130.2M | -429.3M | 103.1M | -4M | 883.5M | -198.8M | 168.3M | 129.6M | 143.6M | -287.6M | 2.26B | 48M | 277.4M | 282.9M |
| Equity Issued (Net) | -659M | -306M | -266M | -536M | 1M | -74M | -157.5M | -149.9M | -163.3M | -25.3M | -71.4M | -190.4M | 4M | -11M | -700K | 2.6M | -4M | -215M | -73.2M | -138.9M |
| Dividends Paid | -385M | -193M | -194M | -182M | -181M | -181M | -182.2M | -168M | -168.5M | -168.3M | -168.6M | -156.5M | -156.6M | -156.4M | -156.4M | -145.3M | -145.3M | -145.9M | -146.1M | -135.4M |
| Share Repurchases | -659M | -292M | -271M | -540M | -4M | -55M | -161.3M | -153.1M | -167.6M | 0 | -71.4M | -190.4M | 4M | 0 | 0 | 0 | -4M | -203.5M | -73.2M | -138.9M |
| Other Financing | -25M | -14M | -7M | -7M | -2M | -1M | -400K | -6.3M | -4.7M | -3.6M | -2.4M | 200K | -7.4M | -4.2M | -5.1M | -2.4M | -5.1M | -1.8M | -43.8M | -200K |
| Net Change in Cash | 57M | 42M | -8M | -38M | 39M | 21M | -9.4M | -385.8M | 433.8M | -69.1M | -26.3M | -19.2M | 66.3M | -7.6M | 66.5M | -35.9M | 86.6M | -8.5M | -17.3M | 10.9M |
| Free Cash Flow | 1.51B | 751M | 404M | 737M | 702M | 566M | 524.4M | 563.6M | 696M | 297M | 350.6M | 584.2M | 742.8M | 309.1M | 277.4M | 542.4M | 544.7M | 371.5M | 236.8M | 359.4M |
| FCF Margin % | 34.13% | 18.26% | 9.77% | 17.5% | 16.58% | 14.12% | 12.96% | 13.83% | 17.19% | 7.69% | 9.15% | 15.27% | 19.94% | 8.63% | 7.86% | 15.08% | 15.96% | 12.51% | 8.02% | 12.25% |
| FCF Growth % | 115.38% | 32.69% | -22.96% | 30.77% | 0.86% | 90.57% | 49.57% | -3.53% | -6.3% | -3.91% | 26.39% | 7.71% | 36.37% | -16.8% | 17.15% | 50.92% | 0.09% | 12.58% | -7.86% | 5.33% |
| FCF per Share | 4.92 | 2.43 | 1.30 | 2.36 | 2.24 | 1.81 | 1.67 | 1.79 | 2.21 | 0.94 | 1.11 | 1.85 | 2.34 | 0.97 | 0.87 | 1.71 | 1.72 | 1.17 | 0.74 | 1.13 |
| FCF Conversion (FCF/Net Income) | 4.20x | 2.34x | 1.80x | 2.15x | 2.02x | 2.07x | 2.00x | 1.77x | 2.15x | 1.79x | 2.04x | 1.98x | 2.52x | 1.79x | 2.33x | 1.96x | 2.31x | 2.00x | 2.07x | 1.87x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |