Republic Services (RSG) FY2012 results: revenue $8.1 billion, down 0.9% on the year
Republic Services, Inc. (RSG) reported revenue of $8.1 billion for fiscal 2012, the year ended 31 December 2012, down 0.9% on the year before. Net income was $572 million, down 3.0%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$8.1 billion
-0.9% on the year
FY2007FY2012
Operating margin
16.3%
19.0% a year earlier
FY2007FY2012
Net income
$572 million
-3.0% on the year
FY2007FY2012
Diluted EPS
$1.55
-0.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
8,118
8,193
8,107
-0.9%
Cost of revenue
5,006
4,865
4,765
+2.9%
Gross profit
3,113
3,328
3,342
-6.5%
Gross margin
38.3%
40.6%
41.2%
Selling, general and administrative
821
825
858
-0.5%
Operating income
1,321
1,553
1,539
-14.9%
Operating margin
16.3%
19.0%
19.0%
Interest expense
388
440
507
-11.7%
Pre-tax income
824
906
877
-9.1%
Income tax
252
317
370
-20.7%
Effective tax rate
30.6%
35.0%
42.1%
Net income
572
589
506
-3.0%
Net margin
7.0%
7.2%
6.2%
Diluted EPS
$1.55
$1.56
$1.32
-0.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,514
1,767
1,434
-14.3%
Capital expenditure
904
936
795
-3.5%
Free cash flow
610
830
639
-26.5%
Free cash flow margin
7.5%
10.1%
7.9%
Cash from investing
-938
-950
-690
Cash from financing
-575
-838
-703
Depreciation and amortisation
848
844
834
+0.6%
Share-based compensation
21.2
20.6
24.5
+2.9%
Buybacks
326
461
43.1
-29.3%
Dividends paid
329
309
295
+6.4%
Dividend per share
$0.91
$0.84
$0.78
+8.3%
Diluted shares, weighted
368m
378m
385m
-2.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
7,703
7,681
7,846
+0.3%
Non-controlling interest
2.4
2.1
2.4
+14.3%
Debt
7,070
6,922
7,043
+2.1%
Other liabilities
4,841
4,946
4,570
-2.1%
Total liabilities and equity
19,617
19,552
19,462
+0.3%
Fixed assets
6,910
6,792
6,698
+1.7%
Goodwill
10,690
10,647
10,655
+0.4%
Intangible assets
359
410
451
-12.4%
Cash and equivalents
67.6
66.3
88.3
+2.0%
Receivables
837
826
829
+1.3%
Inventory
34.5
35.2
31.3
-2.0%
Other assets
719
775
708
-7.2%
Total assets
19,617
19,552
19,462
+0.3%
10-K for the year ended 31 December 2012, filed 15 February 2013: the filing.