Republic Services (RSG) FY2021 results: revenue $11.3 billion, up 11.2% on the year
Republic Services, Inc. (RSG) reported revenue of $11.3 billion for fiscal 2021, the year ended 31 December 2021, up 11.2% on the year before. Net income was $1.3 billion, up 33.4%, and diluted earnings per share $4.04. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$11.3 billion
+11.2% on the year
FY2014FY2021
Operating margin
18.4%
16.8% a year earlier
FY2014FY2021
Net income
$1.3 billion
+33.4% on the year
FY2014FY2021
Diluted EPS
$4.04
+33.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,787
2,472
2,352
+12.7%
Capital expenditure
1,316
1,195
1,207
+10.2%
Free cash flow
1,470
1,277
1,145
+15.1%
Free cash flow margin
13.0%
12.6%
11.1%
Cash from investing
-2,466
-1,923
-1,719
Cash from financing
-329
-612
-589
Depreciation and amortisation
1,186
1,076
1,040
+10.2%
Share-based compensation
57.0
37.3
39.5
+52.8%
Buybacks
252
98.8
399
+155.3%
Dividends paid
553
522
491
+5.8%
Dividend per share
$1.77
$1.66
$1.56
+6.6%
Diluted shares, weighted
319m
320m
322m
-0.1%
Shares outstanding at period end
n/a
n/a
353m
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,979
8,484
8,118
+5.8%
Non-controlling interest
0.8
4.9
2.7
-83.7%
Debt
9,678
9,055
8,789
+6.9%
Operating lease liabilities
239
207
212
+15.7%
Finance lease liabilities
241
201
110
+20.2%
Other liabilities
5,817
5,483
5,451
+6.1%
Total liabilities and equity
24,955
23,434
22,684
+6.5%
Fixed assets
n/a
n/a
8,384
Goodwill
12,826
12,046
11,633
+6.5%
Intangible assets
260
173
134
+49.9%
Cash and equivalents
29.0
38.2
47.1
-24.1%
Receivables
1,271
1,091
1,126
+16.5%
Inventory
72.2
59.1
56.8
+22.2%
Other assets
10,497
10,026
1,303
+4.7%
Total assets
24,955
23,434
22,684
+6.5%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.