Republic Services (RSG) FY2017 results: revenue $10.0 billion, up 7.0% on the year
Republic Services, Inc. (RSG) reported revenue of $10.0 billion for fiscal 2017, the year ended 31 December 2017, up 7.0% on the year before. Net income was $1.3 billion, up 108.7%, and diluted earnings per share $3.77. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$10.0 billion
+7.0% on the year
FY2010FY2017
Operating margin
16.6%
16.4% a year earlier
FY2010FY2017
Net income
$1.3 billion
+108.7% on the year
FY2010FY2017
Diluted EPS
$3.77
+111.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,042
9,388
9,115
+7.0%
Cost of revenue
6,215
5,764
5,519
+7.8%
Gross profit
3,827
3,624
3,596
+5.6%
Gross margin
38.1%
38.6%
39.5%
Selling, general and administrative
1,057
970
983
+9.0%
Operating income
1,668
1,538
1,559
+8.5%
Operating margin
16.6%
16.4%
17.1%
Interest expense
362
371
365
-2.5%
Pre-tax income
1,282
966
1,196
+32.7%
Income tax
3.1
353
446
-99.1%
Effective tax rate
0.2%
36.5%
37.3%
Net income
1,278
613
750
+108.7%
Net margin
12.7%
6.5%
8.2%
Diluted EPS
$3.77
$1.78
$2.13
+111.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,911
1,848
1,680
+3.4%
Capital expenditure
990
928
946
+6.7%
Free cash flow
921
920
734
+0.1%
Free cash flow margin
9.2%
9.8%
8.1%
Cash from investing
-1,330
-964
-1,483
Cash from financing
-514
-857
-240
Depreciation and amortisation
1,036
991
971
+4.6%
Share-based compensation
34.6
23.2
18.9
+49.1%
Buybacks
611
404
405
+51.2%
Dividends paid
440
419
399
+5.2%
Dividend per share
$1.33
$1.24
$1.16
+7.3%
Diluted shares, weighted
339m
344m
351m
-1.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,959
7,691
7,774
+3.5%
Non-controlling interest
2.3
2.4
2.5
-4.2%
Debt
8,187
7,659
7,533
+6.9%
Other liabilities
4,998
5,277
5,226
-5.3%
Total liabilities and equity
21,147
20,630
20,536
+2.5%
Fixed assets
7,777
7,589
7,553
+2.5%
Goodwill
11,315
11,163
11,146
+1.4%
Intangible assets
141
182
246
-22.6%
Cash and equivalents
83.3
67.8
32.4
+22.9%
Receivables
1,106
995
963
+11.2%
Inventory
51.2
44.0
38.8
+16.4%
Other assets
673
589
557
+14.2%
Total assets
21,147
20,630
20,536
+2.5%
10-K for the year ended 31 December 2017, filed 8 February 2019: the filing.