Republic Services (RSG) FY2022 results: revenue $13.5 billion, up 19.6% on the year
Republic Services, Inc. (RSG) reported revenue of $13.5 billion for fiscal 2022, the year ended 31 December 2022, up 19.6% on the year before. Net income was $1.5 billion, up 15.3%, and diluted earnings per share $4.69. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$13.5 billion
+19.6% on the year
FY2015FY2022
Operating margin
17.7%
18.4% a year earlier
FY2015FY2022
Net income
$1.5 billion
+15.3% on the year
FY2015FY2022
Diluted EPS
$4.69
+16.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,190
2,787
2,472
+14.5%
Capital expenditure
1,454
1,316
1,195
+10.5%
Free cash flow
1,736
1,470
1,277
+18.1%
Free cash flow margin
12.8%
13.0%
12.6%
Cash from investing
-4,423
-2,466
-1,923
Cash from financing
1,344
-329
-612
Depreciation and amortisation
1,352
1,186
1,076
+14.0%
Share-based compensation
39.0
57.0
37.3
-31.6%
Buybacks
203
252
98.8
-19.5%
Dividends paid
593
553
522
+7.3%
Dividend per share
$1.91
$1.77
$1.66
+7.9%
Diluted shares, weighted
317m
319m
320m
-0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
9,686
8,979
8,484
+7.9%
Non-controlling interest
0.8
0.8
4.9
0.0%
Debt
11,902
9,678
9,055
+23.0%
Operating lease liabilities
238
239
207
-0.4%
Finance lease liabilities
233
241
201
-3.3%
Other liabilities
6,993
5,817
5,483
+20.2%
Total liabilities and equity
29,053
24,955
23,434
+16.4%
Goodwill
14,452
12,826
12,046
+12.7%
Intangible assets
347
260
173
+33.8%
Cash and equivalents
143
29.0
38.2
+393.1%
Receivables
1,677
1,271
1,091
+31.9%
Inventory
96.6
72.2
59.1
+33.8%
Other assets
12,337
10,497
10,026
+17.5%
Total assets
29,053
24,955
23,434
+16.4%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.