AI English summary of an SEC filing — figures as filed
Republic Services RSGRepublic Services said its revenue for fiscal 2023 increased 10.8% to $14,964.5 million from $13,511.3 million in 2022. The company cited volume growth of 0.5%, average yield of 6.1% and acquisitions, net of divestitures, of 4.8% as the drivers of the change.
Key points
AI summaryRepublic Services said its revenue for fiscal 2023 increased 10.8% to $14,964.5 million from $13,511.3 million in 2022. The company cited volume growth of 0.5%, average yield of 6.1% and acquisitions, net of divestitures, of 4.8% as the drivers of the change.
The company said its pre-tax income was $2,191.5 million for 2023, compared with $1,831.5 million in 2022, and its net income attributable to Republic Services was $1,731.0 million, or $5.47 per diluted share. It said net income for 2022 was $1,487.6 million, or $4.69 per diluted share.
Republic Services said it expects 2024 revenue to be in the range of $16.100 billion to $16.200 billion. It cited an increase in average yield of approximately 5.5% to 6.0% and volume growth of 0.0% to 0.5%. The company said this outlook is not a guarantee of future performance.
Republic Services said capital expenditures in investing activities for 2023 were $1,631.1 million (2022 $1,454.0 million), and dividends declared in 2023 totaled $650.0 million. As of December 31, 2023, it had debt principal of $12.9 billion, of which $932.3 million matures in 2024.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $15.0B
- Operating income
- $2.8B
- Net income
- $1.7B
- EPS
- $5.47
- Operating cash flow
- $3.6B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Republic Services Revenue Rises to $14,964.5 million in 2023, Up 10.8% Year over Year
Republic Services said its revenue for fiscal 2023 increased 10.8% to $14,964.5 million from $13,511.3 million in 2022. The company cited volume growth of 0.5%, average yield of 6.1% and acquisitions, net of divestitures, of 4.8% as the drivers of the change.
Source · Based on the MD&A text of the filing
Republic Services Pre-Tax Income Reaches $2,191.5 million in 2023, Diluted EPS $5.47
The company said its pre-tax income was $2,191.5 million for 2023, compared with $1,831.5 million in 2022, and its net income attributable to Republic Services was $1,731.0 million, or $5.47 per diluted share. It said net income for 2022 was $1,487.6 million, or $4.69 per diluted share.
Source · Based on the MD&A text of the filing
Republic Services Outlook for 2024 Revenue of $16.100 billion to $16.200 billion
Republic Services said it expects 2024 revenue to be in the range of $16.100 billion to $16.200 billion. It cited an increase in average yield of approximately 5.5% to 6.0% and volume growth of 0.0% to 0.5%. The company said this outlook is not a guarantee of future performance.
Source · Based on the MD&A text of the filing
Republic Services 2023 Capital Expenditures $1,631.1 million, Dividends Declared $650.0 million
Republic Services said capital expenditures in investing activities for 2023 were $1,631.1 million (2022 $1,454.0 million), and dividends declared in 2023 totaled $650.0 million. As of December 31, 2023, it had debt principal of $12.9 billion, of which $932.3 million matures in 2024.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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