Republic Services, Inc. Financial Ratios — RSG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	29	24.99	23.35	20.15	25.25	18.94	34.17	23.27	21.31	17.47	21.1	21.51	21.92	22.43	20.43
Return on Assets (%)	3.02	2.92	2.98	2.74	3.69	2.98	6.12	4.85	4.85	4.19	5.33	5.51	5.73	6.4	6.41
Return on Capital (%)	9.51	8.71	8.46	7.58	9.28	7.83	14.05	10.52	10.21	8.67	9.9	10.12	10.41	11.28	10.95
Return on Invested Capital (%)	6.83	6.25	6.23	5.08	6.36	6.58	10.5	8.31	8.83	8.94	9.37	9.61	9.73	11.24	10.87
Gross Margin (%)	40.62	38.34	37.81	35.9	39.46	38.6	38.11	38.75	38.85	39.92	40.35	39.27	40.24	41.68	41.96
EBITDA Margin (%)	29.94	27.66	27.18	25.03	28.23	28.27	27.58	28.2	28.25	29.55	29.76	28.52	29.46	31.24	31.64
Operating Margin (%)	18.69	16.24	15.85	13.84	16.72	16.87	16.47	17.1	17.35	18.13	18.53	17.86	18.77	20.11	20.02
Incremental Operating Margin (%)	11.01	284.72	5.19	-30.02	97.98	22.04	10.66	-10,650	26.85	-37.45	22.08	14.43	27.24	38.89	17.53
Pretax Margin (%)	11.06	10.15	10.11	10.06	13.12	10.29	12.77	13.16	12.58	11.25	13.95	13.56	14.64	15.17	15.63
Profit Margin (%)	7.19	7.04	7	6.22	8.23	6.53	12.73	10.33	10.42	9.53	11.42	11.01	11.57	12.74	12.89
Net Income to Common Margin (%)	7.19	7.04	7	6.22	8.23	6.53	12.73	10.33	10.42	9.53	11.42	11.01	11.57	12.74	12.89
Effective Tax Rate (%)	35.02	30.56	30.79	38.11	37.25	36.52	0.24	21.45	17.13	15.15	17.95	18.78	20.99	15.95	17.54
Dvd Payout Ratio (%)	52.57	57.49	59.14	69.06	53.18	68.25	34.42	44.48	45.72	53.76	42.7	39.85	36.86	33.59	34.5
Sustainable Growth Rate (%)	13.76	10.62	9.54	6.23	11.82	6.01	22.4	12.92	11.56	8.08	12.09	12.94	13.84	14.9	13.38

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	6,922	7,070	7,018	7,061	7,533	7,659	8,187	8,338	8,952	9,174	9,832	12,081	13,069	12,957	13,806
ST Debt	35	19	16	10	6	6	707	691	981	202	46	514	987	917	644
LT Debt	6,887	7,051	7,002	7,051	7,527	7,653	7,481	7,647	7,971	8,973	9,785	11,568	12,082	12,040	13,162
Total Debt/EBITDA	2.82	3.15	3.07	3.21	2.93	2.89	2.96	2.94	3.08	3.06	2.92	3.13	2.96	2.59	2.63
Net Debt/EBITDA	2.8	3.12	2.97	3.17	2.91	2.86	2.93	2.92	2.97	2.97	2.83	3.02	2.88	2.52	2.57
Total Debt/EBIT	4.52	5.36	5.26	5.8	4.94	4.84	4.95	4.86	5.01	4.98	4.7	5.01	4.65	4.02	4.16
Net Debt/EBIT	4.48	5.31	5.1	5.73	4.92	4.79	4.9	4.81	4.84	4.83	4.55	4.82	4.51	3.92	4.07
EBITDA to Interest Expense	6.28	6.56	7.16	7.1	7.91	7.15	7.65	7.38	7.42	8.44	10.68	9.76	8.68	9.29	9.15
EBITDA-CapEx/Interest Expense	3.88	3.92	4.41	4.32	5.01	4.65	4.92	4.58	4.34	5.08	6.5	6.08	5.47	5.85	5.86
EBIT to Interest Expense	3.92	3.85	4.18	3.92	4.69	4.27	4.57	4.47	4.56	5.18	6.65	6.11	5.53	5.98	5.79
Interest Expense	390	342	319	310	325	371	362	384	392	356	315	395	508	539	574
Common Equity/Total Assets	11.09	12.27	13.22	13.93	15.3	16.13	19.65	21.99	23.46	24.56	25.96	25.33	26.86	30.17	32.49
Long-Term Debt/Equity (%)	89.63	91.5	88.57	91	96.8	99.47	93.97	96.43	98.16	105.7	108.97	119.42	114.6	105.55	109.97
Long-Term Debt/Capital (%)	75.74	74.38	72.51	71.49	70.5	69.64	60.59	58.4	55.84	60.08	59.99	59.5	56.18	52.96	52.71
Long-Term Debt/Total Assets (%)	35.22	35.94	35.1	35.09	36.65	37.1	35.37	35.37	35.14	38.29	39.21	39.82	38.47	37.16	38.3
Total Debt/Equity (%)	90.09	91.76	88.77	91.14	96.87	99.55	102.84	105.15	110.24	108.08	109.49	124.72	123.96	113.59	115.35
Total Debt/Capital (%)	76.13	74.58	72.67	71.59	70.55	69.7	66.32	63.67	62.71	61.43	60.28	62.14	60.77	56.99	55.29
Total Debt/Total Assets (%)	35.4	36.04	35.18	35.14	36.68	37.13	38.72	38.57	39.47	39.15	39.4	41.58	41.61	39.99	40.17
Net Debt to Equity	89.22	90.88	86.07	90.17	96.45	98.67	101.8	104.26	106.41	104.8	106.08	120.19	120.26	110.8	112.83
Net Debt/Capital (%)	75.95	74.4	72.05	71.38	70.46	69.51	66.09	63.48	60.73	59.72	58.5	60.33	59.34	55.77	54.25
EBITDA	2,453	2,246	2,288	2,203	2,574	2,654	2,770	2,831	2,909	3,000	3,362	3,854	4,408	5,008	5,250
EBITDA-CapEx	1,516	1,342	1,407	1,341	1,628	1,726	1,780	1,760	1,702	1,806	2,045	2,400	2,777	3,153	3,363
Operating Income (Loss)	1,531	1,319	1,334	1,218	1,524	1,584	1,653	1,717	1,787	1,841	2,093	2,413	2,809	3,224	3,322

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.03	0.04	0.12	0.04	0.02	0.04	0.03	0.03	0.02	0.02	0.01	0.04	0.03	0.02	0.02
Current Ratio	0.67	0.73	0.83	0.76	0.67	0.71	0.55	0.58	0.52	0.67	0.71	0.7	0.56	0.58	0.64
Quick Ratio	0.53	0.6	0.7	0.64	0.61	0.64	0.49	0.52	0.47	0.6	0.64	0.63	0.5	0.52	0.57
CFO/Avg Current Liab	0.77	0.84	0.91	0.86	0.92	1.01	0.86	0.84	0.81	0.92	1.19	1.1	0.95	0.94	1.07
Common Equity/Total Assets	11.09	12.27	13.22	13.93	15.3	16.13	19.65	21.99	23.46	24.56	25.96	25.33	26.86	30.17	32.49
Long-Term Debt/Equity (%)	89.63	91.5	88.57	91	96.8	99.47	93.97	96.43	98.16	105.7	108.97	119.42	114.6	105.55	109.97
Long-Term Debt/Capital (%)	75.74	74.38	72.51	71.49	70.5	69.64	60.59	58.4	55.84	60.08	59.99	59.5	56.18	52.96	52.71
Long-Term Debt/Total Assets (%)	35.22	35.94	35.1	35.09	36.65	37.1	35.37	35.37	35.14	38.29	39.21	39.82	38.47	37.16	38.3
Total Debt/Equity (%)	90.09	91.76	88.77	91.14	96.87	99.55	102.84	105.15	110.24	108.08	109.49	124.72	123.96	113.59	115.35
Total Debt/Capital (%)	76.13	74.58	72.67	71.59	70.55	69.7	66.32	63.67	62.71	61.43	60.28	62.14	60.77	56.99	55.29
Total Debt/Total Assets (%)	35.4	36.04	35.18	35.14	36.68	37.13	38.72	38.57	39.47	39.15	39.4	41.58	41.61	39.99	40.17
CFO/Total Liabilities	14.89	12.71	12.86	12.39	13.16	14.28	14.49	16.39	16.15	16.54	17.44	16.47	17.34	18.75	19.18
CFO/CapEx	1.89	1.68	1.76	1.77	1.78	1.99	1.93	2.09	1.95	2.07	2.12	2.19	2.22	2.12	2.28
Altman's Z-Score	2.35	2.33	2.41	2.51	2.67	2.91	3.09	3.11	3.19	3.32	3.9	3.41	3.74	4.22	4.21

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	9.9	9.77	9.75	9.67	9.63	9.59	9.56	9.09	9.24	9.16	9.56	9.16	8.69	8.93	8.92
Days Sales Outstanding	36.86	37.37	37.45	37.75	37.91	38.06	38.18	40.14	39.49	39.85	38.18	39.83	42.01	40.86	40.9
Inventory Turnover	146.32	143.64	144.8	153.14	147.75	139.23	130.56	117.93	114.62	105.27	102.63	97.22	91.91	95.41	94.41
Days Inventory Outstanding	2.49	2.54	2.52	2.38	2.47	2.62	2.8	3.1	3.18	3.47	3.56	3.75	3.97	3.83	3.87
Accounts Payable Turnover	8.32	9.64	10.63	10.86	10	10.2	10.8	9.05	8.19	7.84	7.99	7.72	6.79	6.78	7.09
Accounts Payable Turnover Days	43.86	37.85	34.35	33.6	36.51	35.78	33.79	40.33	44.58	46.56	45.66	47.28	53.74	53.81	51.49
Cash Conversion Cycle	-4.5	2.06	5.62	6.53	3.86	4.9	7.19	2.9	-1.9	-3.24	-3.93	-3.69	-7.75	-9.13	-6.72
Inventory to Cash Days	34.36	34.83	34.93	35.37	35.44	35.44	35.38	37.05	36.31	36.38	34.62	36.07	38.04	37.03	37.03
Inventories	35	34	38	36	39	44	51	53	57	59	72	97	98	98	106
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	35	34	38	36	39	44	51	53	57	59	72	97	98	98	106

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	10,359	10,761	12,022	14,357	15,396	19,568	22,791	23,566	28,780	30,749	44,457	40,825	52,145	63,251	66,101
- Cash & Cash Equivalents	66	68	213	75	32	68	83	70	47	38	29	143	140	74	76
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2	2	3	2	2	2	2	2	3	5	1	1	1	2	1
+ Total Debt	6,922	7,070	7,018	7,061	7,533	7,659	8,187	8,338	8,952	9,174	9,832	12,081	13,069	12,957	13,806
Enterprise Value	17,216	17,766	18,829	21,346	22,900	27,162	30,898	31,836	37,688	39,890	54,260	52,764	65,075	76,136	79,832
Total Capital	9,093	9,480	9,658	9,863	10,677	10,989	12,346	13,094	14,276	14,934	16,311	19,442	21,507	22,736	24,971
Total Debt/Capital (%)	76.13	74.58	72.67	71.59	70.55	69.7	66.32	63.67	62.71	61.43	60.28	62.14	60.77	56.99	55.29
Total Debt / EV	0.4	0.4	0.37	0.33	0.33	0.28	0.26	0.26	0.24	0.23	0.18	0.23	0.2	0.17	0.17
EV/Sales	2.1	2.19	2.24	2.42	2.51	2.89	3.08	3.17	3.66	3.93	4.8	3.91	4.35	4.75	4.81
EV/EBITDA	7.02	7.91	8.23	9.69	8.9	10.23	11.16	11.24	12.96	13.3	16.14	13.69	14.76	15.2	15.21
EV/EBIT	11.25	13.47	14.11	17.52	15.03	17.15	18.69	18.54	21.09	21.66	25.92	21.87	23.17	23.62	24.03
EV/Cash Flow to Firm	8.52	10.14	10.64	12.4	12.16	13.04	13.6	12.51	14.08	14.38	17.82	15.03	16.19	17.35	16.74
EV/Free Cash Flow to Firm	5.82	6.69	7.11	8.26	8.09	9.02	9.47	8.8	9.7	10.05	12.44	10.63	11.52	12.19	11.99
Diluted Market Cap	10,403	10,793	12,065	14,414	15,458	19,648	22,920	23,674	28,861	30,797	44,540	40,903	52,227	63,331	66,165
Diluted Enterprise Value	17,260	17,799	18,872	21,402	22,961	27,242	31,026	31,944	37,769	39,938	54,344	52,842	65,157	76,216	79,896
EV per Share	45.79	48.42	52	59.84	65.43	79.19	91.66	97.39	117.37	124.93	170.2	166.71	205.8	242.16	255.95
TTM Sales	8,193	8,118	8,417	8,803	9,115	9,388	10,042	10,041	10,299	10,154	11,295	13,511	14,965	16,032	16,591
TTM EBITDA	2,453	2,246	2,288	2,203	2,574	2,654	2,770	2,831	2,909	3,000	3,362	3,854	4,408	5,008	5,250
TTM Operating Income	1,531	1,319	1,334	1,218	1,524	1,584	1,653	1,717	1,787	1,841	2,093	2,413	2,809	3,224	3,322
TTM Cash Flow to Firm	2,020	1,751	1,769	1,722	1,884	2,084	2,272	2,544	2,677	2,773	3,045	3,511	4,019	4,389	4,769
TTM Free Cash Flow to Firm	2,957	2,655	2,650	2,584	2,829	3,011	3,262	3,616	3,884	3,968	4,361	4,965	5,650	6,244	6,656

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	3.85	4.47	4.97	6.02	5.89	7.08	7.9	7.14	8.11	8.4	10.86	8.81	9.95	10.94	10.7
EV/EBIT	11.25	13.47	14.11	17.52	15.03	17.15	18.69	18.54	21.09	21.66	25.92	21.87	23.17	23.62	24.03
Enterprise Value	17,216	17,766	18,829	21,346	22,900	27,162	30,898	31,836	37,688	39,890	54,260	52,764	65,075	76,136	79,832
Low Price	24.72	25.15	29.34	31.42	38.95	41.82	56.17	60.26	70.42	65.37	88.62	113.57	120.58	162.27	199.43
EV/Sales	2.1	2.19	2.24	2.42	2.51	2.89	3.08	3.17	3.66	3.93	4.8	3.91	4.35	4.75	4.81
EV/EBITDA	7.02	7.91	8.23	9.69	8.9	10.23	11.16	11.24	12.96	13.3	16.14	13.69	14.76	15.2	15.21
Price/Earnings	17.58	18.82	20.41	26.22	20.53	31.94	17.83	22.73	26.81	31.79	34.45	27.44	30.12	30.96	30.9
Price/Earnings Average	18.7	18.12	20.45	23.85	19.35	27.77	16.66	22.07	25.13	29.36	28.09	28.28	26.23	29.83	33.58
Price/Earnings High	21.12	20.1	21.9	26.79	21.17	32.47	17.93	24.76	27.11	34.26	36.07	31.73	30.54	33.95	37.73
Price/Earnings Low	15.78	16.14	18.04	20.47	18.18	23.42	14.81	19	21.07	21.58	21.89	24.16	22.03	24.97	29.08
Price/Book Value	4.78	4.47	4.56	5.13	4.9	5.88	5.48	4.96	5.41	5.34	6.86	5.55	6.18	6.47	5.92
Price/Book Value Average	5.08	4.3	4.57	4.67	4.62	5.11	5.12	4.81	5.07	4.93	5.6	5.72	5.38	6.23	6.43
Price/Book Value High	5.74	4.77	4.89	5.24	5.05	5.98	5.52	5.4	5.47	5.76	7.18	6.42	6.27	7.09	7.23
Price/Book Value Low	4.29	3.83	4.03	4	4.34	4.31	4.56	4.14	4.25	3.63	4.36	4.88	4.52	5.22	5.57
Price/Tangible Book Value	-3.07	-3.22	-3.84	-4.25	-4.26	-5.36	-6.52	-6.59	-7.89	-8.24	-10.83	-7.99	-9.01	-12.35	-12.24
Price/Tangible Book Value Average	-3.27	-3.1	-3.84	-3.86	-4.01	-4.66	-6.09	-6.4	-7.4	-7.61	-8.83	-8.23	-7.85	-11.9	-13.3
Price/Tangible Book Value High	-3.69	-3.44	-4.11	-4.34	-4.39	-5.45	-6.56	-7.18	-7.98	-8.88	-11.33	-9.24	-9.13	-13.54	-14.94
Price/Tangible Book Value Low	-2.76	-2.76	-3.39	-3.31	-3.77	-3.93	-5.42	-5.51	-6.2	-5.59	-6.88	-7.03	-6.59	-9.96	-11.52
Price/Sales	1.26	1.33	1.43	1.63	1.69	2.08	2.27	2.35	2.79	3.03	3.94	3.02	3.48	3.95	3.98
Price/Sales Average	1.34	1.28	1.43	1.48	1.59	1.81	2.12	2.28	2.62	2.8	3.21	3.11	3.03	3.8	4.33
Price/Sales High	1.52	1.42	1.53	1.67	1.74	2.12	2.28	2.56	2.83	3.26	4.12	3.49	3.53	4.33	4.86
Price/Sales Low	1.13	1.14	1.26	1.27	1.5	1.53	1.89	1.96	2.2	2.06	2.5	2.66	2.55	3.18	3.75
Price/Cash Flow	5.86	7.11	7.76	9.39	9.17	10.59	11.93	10.51	12.24	12.44	15.95	12.8	14.41	16.07	15.39
Price/Cash Flow Average	6.24	6.85	7.78	8.54	8.64	9.2	11.14	10.2	11.47	11.49	13.01	13.19	12.55	15.48	16.72
Price/Cash Flow High	7.04	7.59	8.33	9.59	9.45	10.77	12	11.45	12.37	13.41	16.7	14.8	14.61	17.62	18.79
Price/Cash Flow Low	5.26	6.1	6.86	7.33	8.12	7.76	9.91	8.78	9.61	8.44	10.14	11.27	10.54	12.96	14.48
Price/Free Cash Flow Average	4.09	4.3	4.98	5.48	5.55	6.15	7.38	6.94	7.6	7.76	8.85	9.08	8.67	10.54	11.63
Price/Free Cash Flow High	4.62	4.77	5.33	6.16	6.07	7.2	7.95	7.78	8.2	9.05	11.36	10.19	10.09	11.99	13.07
Price/Free Cash Flow Low	3.45	3.83	4.39	4.7	5.21	5.19	6.56	5.97	6.37	5.7	6.9	7.75	7.28	8.82	10.07
EV/Sales Average	2.18	2.14	2.24	2.28	2.42	2.62	2.93	3.1	3.48	3.7	4.08	4	3.9	4.6	5.16
EV/Sales High	2.36	2.28	2.34	2.46	2.56	2.93	3.09	3.38	3.69	4.16	4.99	4.38	4.4	5.13	5.69
EV/Sales Low	1.97	2	2.07	2.07	2.32	2.34	2.69	2.79	3.06	2.96	3.37	3.54	3.41	3.99	4.58
EV/EBITDA Average	7.29	7.73	8.24	9.1	8.55	9.27	10.62	11	12.33	12.51	13.7	14.02	13.24	14.74	16.3
EV/EBITDA High	7.87	8.24	8.61	9.83	9.08	10.36	11.2	11.99	13.06	14.09	16.76	15.35	14.92	16.42	17.99
EV/EBITDA Low	6.59	7.23	7.62	8.26	8.21	8.27	9.76	9.88	10.83	10	11.32	12.42	11.58	12.76	14.46
EV/EBIT Average	11.68	13.17	14.13	16.46	14.45	15.53	17.78	18.14	20.08	20.39	22	22.39	20.77	22.9	25.75
EV/EBIT High	12.61	14.03	14.77	17.78	15.34	17.36	18.77	19.77	21.27	22.96	26.92	24.51	23.42	25.51	28.43
EV/EBIT Low	10.55	12.31	13.07	14.94	13.87	13.85	16.35	16.29	17.64	16.3	18.18	19.84	18.18	19.82	22.86
Last Price	27.55	29.33	33.2	40.25	43.99	57.05	67.61	72.09	89.63	96.3	139.45	128.99	164.91	201.18	211.93
High Price	33.1	31.32	35.61	41.12	45.35	58	68	78.54	90.62	103.79	145.98	149.17	167.17	220.58	258.75
Enterprise Value Average	17,875	17,368	18,849	20,050	22,013	24,602	29,400	31,157	35,881	37,536	46,052	54,019	58,341	73,820	85,550
Enterprise Value High	19,303	18,497	19,702	21,656	23,376	27,488	31,029	33,944	38,006	42,281	56,342	59,151	65,789	82,235	94,435
Enterprise Value Low	16,152	16,233	17,431	18,196	21,136	21,938	27,041	27,968	31,520	30,014	38,055	47,884	51,057	63,903	75,933

Shares Outstanding	370	361	360	353	346	339	332	322	319	284	317	316	315	312	308
Diluted Weighted Avg Shares	378	368	363	358	351	344	339	328	322	320	319	317	317	315	312
Basic Weighted Avg Shares	376	367	362	357	350	343	337	327	321	319	319	316	316	314	312
Revenue per Share	21.79	22.13	23.25	24.68	26.04	27.37	29.79	30.72	32.08	31.8	35.43	42.69	47.33	50.99	53.19
EBITDA per Share	6.52	6.12	6.32	6.18	7.35	7.74	8.22	8.66	9.06	9.4	10.54	12.18	13.94	15.93	16.83
Operating Income per Share	4.07	3.59	3.68	3.42	4.35	4.62	4.9	5.25	5.56	5.77	6.57	7.62	8.88	10.25	10.65
Basic EPS, GAAP	1.57	1.56	1.63	1.54	2.14	1.79	3.79	3.17	3.34	3.03	4.05	4.7	5.47	6.5	6.86
Basic EPS from Cont Ops	1.57	1.56	1.63	1.54	2.14	1.79	3.79	3.17	3.34	3.04	4.05	4.7	5.47	6.5	6.86
Diluted EPS, GAAP	1.56	1.55	1.62	1.53	2.13	1.78	3.77	3.16	3.33	3.02	4.04	4.69	5.47	6.49	6.85
Diluted EPS from Cont Ops	1.56	1.55	1.62	1.53	2.14	1.78	3.77	3.16	3.33	3.03	4.05	4.69	5.47	6.49	6.85
Dividend per Share	0.82	0.9	0.96	1.06	1.14	1.22	1.31	1.41	1.53	1.64	1.73	1.87	2.02	2.19	2.37
Cash Flow per Share	4.7	4.13	4.28	4.29	4.8	5.39	5.67	6.86	7.33	7.74	8.74	10.08	11.44	12.52	13.77
Free Cash Flow per Basic Share	2.21	1.66	1.84	1.87	2.1	2.68	2.73	3.58	3.57	4	4.61	5.48	6.28	6.62	7.72
Cash & Equivalents per Share	0.18	0.18	0.59	0.21	0.09	0.2	0.25	0.22	0.15	0.12	0.09	0.45	0.44	0.24	0.24
Book Value per Share	5.77	6.56	7.28	7.85	8.98	9.7	12.33	14.54	16.57	18.02	20.32	23.25	26.68	31.1	35.79
Tangible Book Value per Share	-8.97	-9.11	-8.65	-9.48	-10.33	-10.65	-10.37	-10.94	-11.36	-11.68	-12.88	-16.15	-18.3	-16.29	-17.32

Republic Services, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)