01—Abstract
Summary
Summary of the 10-Q filed November 5, 2010. Cited figures are marked; the original filing is the authoritative source.
Republic Services, Inc. (RSG) reported its third-quarter results for the period ending September 29, 2010.
The filing provides investors with a snapshot of the company's financial health and operational performance during a period that saw continued economic challenges. Key financial statements, including the consolidated balance sheets, income statements, and cash flow statements, are presented for the relevant periods, allowing for an analysis of trends and performance against prior year comparatives. Management's Discussion and Analysis offers insights into the company's financial condition and results of operations, addressing factors that influenced performance.
Investors should pay close attention to the company's revenue generation, profitability metrics, and cash flow generation. The inclusion of risk factors and legal proceedings also provides a comprehensive view of potential challenges and liabilities the company faces. Overall, this 10-Q serves as a crucial update for understanding RSG's operational and financial standing as of late 2010.
02—Key points
Key Highlights
- Consolidated Balance Sheets as of September 30, 2010, and December 31, 2009, are provided for financial position analysis.
- Unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2010, and 2009, allow for year-over-year performance comparison.
- Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2010, and 2009, detail the company's cash generation and usage.
- Management's Discussion and Analysis section offers critical insights into the company's operational performance and financial condition.
- The filing includes information on Legal Proceedings, potentially impacting financial outcomes.
- Risk Factors are detailed, providing investors with an understanding of potential challenges and uncertainties.
- Disclosures regarding Controls and Procedures are included, addressing internal financial reporting integrity.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q3 FY2010, Republic Services, Inc. kept $0.07.
- Revenue$2.06B100.0%
- Cost of revenue−$1.22B59.4%
- Gross profit$836.8M40.6%
- Operating costs−$469.2M22.8%
- Operating income$367.6M17.8%
- Interest, other & tax−$233.4M11.3%
- Net income$134.2M6.5%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2010filed November 5, 2010Financial Statements
Q3 FY2010 against Q3 FY2009
| Line item | Q3 FY2010Q3 FY2009 | Change |
|---|---|---|
| Revenue | $2.06B$2.07B | −0.6% |
| Cost of Revenue | $1.22B$1.21B | +1.4% |
| Gross Profit | $836.80M$866.00M | −3.4% |
| SG&A Expenses | $209.40M$225.40M | −7.1% |
| Operating Income | $367.60M$386.90M | −5.0% |
| Interest Expense | $122.00M$144.80M | −15.7% |
| Net Income | $134.20M$120.50M | +11.4% |
| EPS (Basic) | $0.35$0.32 | +9.4% |
| EPS (Diluted) | $0.35$0.32 | +9.4% |
| Shares Outstanding (Basic) | 384.01M379.73M | +1.1% |
| Shares Outstanding (Diluted) | 386.08M381.13M | +1.3% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing for Republic Services?
This 10-Q filing provides investors with an unaudited, interim update on Republic Services, Inc.'s financial performance and condition for the third quarter of 2010. It includes detailed financial statements, management's analysis of results, and other important disclosures such as risk factors and legal proceedings.
Where can I find information on Republic Services' profitability for the third quarter of 2010?
Information on profitability can be found in the 'Unaudited Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2010 and 2009' within Item 1 (Financial Statements).
What are the key risks highlighted by Republic Services in this filing?
The key risks are detailed in Item 1A. Risk Factors. Investors should review this section for potential challenges that could impact the company's business, financial condition, or results of operations. While the specific risks are not enumerated here, this section typically covers industry-specific risks, regulatory changes, economic conditions, and operational challenges.
Does this filing provide information on how the company is managing its cash?
Yes, the 'Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2010 and 2009' within Item 1 (Financial Statements) provides a detailed breakdown of the company's cash inflows and outflows from operating, investing, and financing activities.
06—Continue