Republic Services (RSG) 10-Q 4 Nov 09 2009 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 29, 2009
Document and Company Information [Abstract]
Entity Registrant Name	REPUBLIC SERVICES, INC.
Entity Central Index Key	0001060391
Document Type	10-Q
Document Period End Date	2009-09-30
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		380,144,098

Consolidated Balance Sheets

Consolidated Balance Sheets (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	107.3	68.7
Accounts receivable, less allowance for doubtful accounts of $54.2 and $65.7 as of September 30, 2009 and December 31, 2008, respectively	928.2	945.5
Prepaid expenses and other current assets	189.3	174.7
Deferred tax assets	179.5	136.8
Total current assets	1404.3	1325.7
Restricted cash and marketable securities	254.9	281.9
Property and equipment, net	6585.6	6738.2
Goodwill, net	10,534	10521.5
Other intangible assets, net	517.7	564.1
Other assets	233.6	490
Total assets	19530.1	19921.4
Current liabilities:
Accounts payable	458.8	564
Notes payable and current maturities of long-term debt	242.5	504
Deferred revenue	332.7	359.9
Accrued landfill and environmental costs, current portion	188.4	233.4
Accrued interest	110.5	107.7
Other accrued liabilities	765.1	796.8
Total current liabilities	2,098	2565.8
Long-term debt, net of current maturities	6813.3	7198.5
Accrued landfill and environmental costs, net of current portion	1,251	1197.1
Deferred income taxes and other long-term liabilities	1323.2	1239.9
Self-insurance reserves, net of current portion	303.7	234.5
Other long-term liabilities	186.4	203.1
Stockholders' equity:
Preferred stock, par value $0.01 per share; 50.0 shares authorized; none issued	0	0
Common stock; par value $0.01 per share; 750.0 shares authorized; 394.6 and 393.4 issued, including shares held in treasury, as of September 30, 2009 and December 31, 2008, respectively	4	3.9
Additional paid-in capital	6289.7	6260.1
Retained earnings	1720.1	1477.2
Treasury stock, at cost (14.9 shares as of September 30, 2009 and December 31, 2008)	-457.2	-456.7
Accumulated other comprehensive loss, net of tax	-4.4	-3.1
Total Republic Services, Inc. stockholders' equity	7552.2	7281.4
Noncontrolling Interests	2.3	1.1
Total stockholders' equity	7554.5	7282.5
Total liabilities and stockholders' equity	19530.1	19921.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Allowance for doubtful accounts	54.2	65.7
Stockholders' equity:
Preferred stock, par value	0.01	0.01
Preferred stock, shares authorized	50	50
Preferred stock, shares issued	0	0
Common stock, par value	0.01	0.01
Common stock, shares authorized	750	750
Common stock, shares issued	394.6	393.4
Treasury stock, shares at cost	14.9	14.9

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Revenue	2073.5	$834	6200.1	2440.7
Expenses:
Cost of operations	1207.5	499.5	3643.1	1553.5
Depreciation, amortization and depletion	218.3	77.3	658.7	226.9
Accretion	22.2	4.6	67.4	13.5
Selling, general and administrative	225.4	85.6	658.7	252
Loss (gain) on disposition of assets, net	0.9	0	-144.3	0
Restructuring charges	12.3	0	55.9	0
Operating income	386.9	167	1260.6	394.8
Interest expense	-144.8	-22.6	-448.8	-65.1
Loss on extinguishment of debt	-31.8	0	-31.8	0
Interest income	0.5	2.6	1.7	7.9
Other income (expense), net	1.3	-1.6	2.8	-0.7
Income before income taxes	212.1	145.4	784.5	336.9
Provision for income taxes	91.1	56.7	323.9	131.4
Net income	121	88.7	460.6	205.5
Less: net income attributable to noncontrolling interests	-0.5	0	-1.2	0
Net income attributable to Republic Services, Inc.	120.5	88.7	459.4	205.5
Basic earnings per share attributable to Republic Services, Inc. stockholders:
Basic earnings per share	0.32	0.49	1.21	1.13
Weighted average common shares outstanding	379.7	182.3	379.3	182.6
Diluted earnings per share attributable to Republic Services, Inc. stockholders:
Diluted earnings per share	0.32	0.48	1.21	1.11
Weighted average common and common equivalent shares outstanding	381.1	184.1	380.3	184.4
Cash dividends per common share	0.19	0.19	0.57	0.53

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity and Comprehensive Income (Unaudited) (USD $)
In Millions	Common Stock Par Value	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss, Net of Tax	Noncontrolling Interests	Total
Beginning Balance, shares at Dec. 31, 2008	378.5
Beginning Balance at Dec. 31, 2008	3.9	6260.1	-456.7	1477.2	-3.1	1.1	7282.5
Net income				459.4		1.2	460.6
Cash dividends declared				-216.3			-216.3
Issuances of common stock	0.1	17.8					17.9
Issuances of common stock, shares	1.2
Stock-based compensation		11.8		-0.2			11.6
Purchases of common stock for treasury			-0.5				-0.5
Change in value of derivative instruments, net of tax					-1.3		-1.3
Ending Balance at Sep. 30, 2009	$4	6289.7	-457.2	1720.1	-4.4	2.3	7554.5
Ending Balance, shares at Sep. 30, 2009	379.7

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash Provided by Operating Activities:
Net income	460.6	205.5
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization of property and equipment	389.9	145.7
Landfill depletion and amortization	216.3	76.5
Amortization of intangible and other assets	52.5	4.7
Accretion	67.4	13.5
Non-cash interest expense - debt	76	0
Non-cash interest expense - other	33.3	0
Restructuring and synergy related charges	33.2	0
Stock-based compensation	11.6	9.5
Deferred tax provision	5.6	24.1
Provision for doubtful accounts, net of adjustments	16.8	6.4
Excess income tax benefit from stock option exercises	-1.4	1.8
Asset impairments	10.4	0
Loss on extinguishment of debt	31.8	0
Gain on disposition of assets, net	-156.2	-1.1
Other non-cash items	-0.1	2.5
Change in assets and liabilities, net of effects from business acquisitions and divestitures:
Accounts receivable	1	-33.9
Prepaid expenses and other assets	2.6	-42.6
Accounts payable and accrued liabilities	-94.8	7
Restructuring and synergy related expenditures	-53.4	0
Capping, closure and post-closure expenditures	-60.2	-9.8
Remediation expenditures	-42.6	-29.1
Other liabilities	12.1	93.5
Cash Provided by Operating Activities	1012.4	474.2
Cash Used in Investing Activities:
Purchases of property and equipment	-542.5	-264.1
Proceeds from sales of property and equipment	22.8	5.8
Cash used in acquisitions, net of cash acquired	-0.1	-13.4
Cash proceeds from divestitures, net of cash divested	473.3	0
Change in restricted cash and marketable securities	27.1	-6.4
Other	0	-0.2
Cash Used in Investing Activities	-19.4	-278.3
Cash Used in Financing Activities:
Proceeds from notes payable and long-term debt	948.2	693.4
Proceeds from senior notes	645.4	0
Payments of notes payable and long-term debt	-2323.7	-663.2
Premiums paid on extinguishment of debt	(18)	0
Fees paid to issue and retire senior notes and certain hedging relationships	(9)	0
Issuances of common stock	17.9	20.2
Excess income tax benefit from stock option exercises	1.4	3.9
Purchases of common stock for treasury	-0.5	-138.4
Cash dividends paid	-216.1	-93.7
Cash Used in Financing Activities	-954.4	-177.8
Increase in Cash and Cash Equivalents	38.6	18.1
Cash and Cash Equivalents at Beginning of Period	68.7	21.8
Cash and Cash Equivalents at End of Period	107.3	39.9

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements
	9 Months Ended Sep. 30, 2009 USD / shares
Basis of Presentation and Recently Issued Accounting Pronouncements [Abstract]
Basis of Presentation and Recently Issued Accounting Pronouncements	1. BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Republic Services, Inc. (a Delaware corporation) and its subsidiaries (also referred to collectively as Republic, we, us, our, or the Company in this report) is the second largest provider of non-hazardous solid waste collection, transfer, recycling and disposal services in the United States, as measured by revenue. We manage and evaluate our operations through four geographic regions Eastern, Midwest, Southern, and Western, which we have identified as our reportable segments. On December5, 2008, we acquired 100% of the issued and outstanding shares of Allied Waste Industries, Inc. (Allied) in a stock for stock transaction. The accompanying financial statements include the operating results of Allied from the date of the acquisition, and have not been retroactively restated to include Allieds historical financial position, results of operations or cash flows. In accordance with the purchase method of accounting, the purchase price paid has been allocated to assets and liabilities acquired based upon their estimated fair values as of the effective date of the merger, with the excess of the purchase price over the net assets acquired being recorded as goodwill. We are in the process of valuing all of the assets and liabilities acquired in the merger, and, until we have completed our valuation process, there may be adjustments to our estimates of fair values and the resulting preliminary purchase price allocation. See Note 2, Business Acquisitions and Divestiture of Assets, Assets Held for Sale and Restructuring Charges, for additional information. The accompanying unaudited consolidated financial statements include the accounts of Republic, its wholly owned and majority owned subsidiaries, and certain variable interest entities for which we have determined that we are the primary beneficiary. Our investments in variable interest entities are not material to our consolidated financial statements. We account for investments in entities in which we do not have a controlling financial interest under either the equity method or the cost method of accounting, as appropriate. These unaudited consolidated financial statements have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). All significant intercompany accounts and transactions have been eliminated. Certain information related to our organization, significant accounting policies and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP)have been condensed or omitted. In the opinion of management, these unaudited consolidated financial statements reflect all material adjustments (which include only normal recurring adjustments) necessary to fairly state the financial position and the results of operations for the periods presented, and the disclosures herein are adequate to make the information presented not misleading. Operating results for interim periods are not necessarily indicative of the results that can be expected for a full year. These interim financial st

Business Acquisitions and Dives

Business Acquisitions and Divestiture of Assets, Assets Held for Sale and Restructuring Charges
	9 Months Ended Sep. 30, 2009 USD / shares
Business Acquisitions and Divestiture of Assets, Assets Held for Sale and Restructuring Charges [Abstract]
Business Acquisitions and Divestiture of Assets, Assets Held for Sale and Restructuring Charges	2. BUSINESS ACQUISITIONS AND DIVESTITURE OF ASSETS, ASSETS HELD FOR SALE AND RESTRUCTURING CHARGES Allocation of Purchase Price for the Acquisition of Allied On December5, 2008, we acquired all the issued and outstanding shares of Allied in a stock-for-stock transaction for an aggregate purchase price of $11.5billion which includes approximately $5.4billion of debt, at fair value. The allocation of purchase price to the fair value of the assets and liabilities acquired in the acquisition of Allied is preliminary and subject to revision. Due to the volume and complexity of the information required to value these assets and liabilities, our valuation of certain significant balances, including landfill development costs, property and equipment, intangible assets, accrued landfill and environmental costs (which includes landfill asset retirement obligations and environmental remediation liabilities), deferred taxes and other long-term tax liabilities, and, included in other long-term liabilities, liabilities for litigation, claims and assessments, and self-insurance, is not completed. Our purchase price allocation includes values we finalized to date and estimates of the values not yet finalized. We expect our purchase price allocation for the acquisition of Allied to be completed during 2009. Adjustments after the allocation period made to the valuation of assets and liabilities acquired, will be recorded in the consolidated statement of income in the period in which such adjustments become known. Of the approximate $9.1billion of goodwill resulting from the transaction, we expect substantially all of it will be non-deductible for income tax purposes. Our preliminary allocation of purchase price as of December5, 2008 is as follows: Adjusted Adjusted Allocation Allocation Allocation at at at December 5, December September 2008 Adjustments 31, 2008 Adjustments 30, 2009 Current assets $ 910.8 $ (0.9 ) $ 909.9 $ (0.7 ) $ 909.2 Landfill development costs 2,600.0 2,600.0 2,600.0 Other property and equipment 2,256.8 1.9 2,258.7 39.7 2,298.4 Goodwill 9,006.3 (0.8 ) 9,005.5 59.1 9,064.6 Other intangible assets 541.0 541.0 6.0 547.0 Other assets 226.6 (1.1 ) 225.5 (36.7 ) 188.8 Current liabilities (1,336.3 ) (1,336.3 ) (36.0 ) (1,372.3 ) Capping, closure and post-closure liabilities (813.1 ) (813.1 ) (4.2 ) (817.3 ) Environmental liabilities (208.1 ) (208.1 ) (1.5 ) (209.6 ) Deferred income taxes and other long-term tax liabilities (774.1 ) 0.9 (773.2 ) (25.6 ) (798.8 ) Other long-term liabilities (906.9 ) (906.9 ) 0.6 (906.3 ) Total purchase price $ 11,503.0 $ $ 11,503.0 $ 0.7 $

Property and Equipment, Net

Property and Equipment, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Property and Equipment, Net [Abstract]
Property and Equipment, Net	3. PROPERTY AND EQUIPMENT, NET Cash paid for purchases of property and equipment for the nine months ended September30, 2009 and 2008 were $542.5million and $264.1million, respectively. A summary of property and equipment, net is as follows: September 30, December 31, 2009 2008 Other land $ 440.3 $ 464.4 Non-depletable landfill land 140.3 169.3 Landfill development costs 4,182.3 4,126.3 Vehicles and equipment 3,628.8 3,432.3 Buildings and improvements 726.4 706.0 Construction-in-progress landfill 240.3 76.2 Construction-in-progress other 30.7 26.3 9,389.1 9,000.8 Less: Accumulated depreciation, depletion and amortization - Landfill development costs (1,215.4 ) (1,004.2 ) Vehicles and equipment (1,453.2 ) (1,147.3 ) Buildings and improvements (134.9 ) (111.1 ) (2,803.5 ) (2,262.6 ) Property and equipment, net $ 6,585.6 $ 6,738.2 Property and equipment, net excludes assets classified as held for sale of $6.5million and $214.1million as of September30, 2009 and December31, 2008, respectively. As a result of our acquisition of Allied, we recorded $4.9billion for property and equipment at its estimated fair value in December2008. Our estimates have not been finalized and are subject to change. We expect to complete our valuations during 2009.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill and Other Intangible Assets, Net	4. GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill A summary of the activity and balances in goodwill by operating segment is as follows: Balance at Adjustments to Balance at December 31, Adjustments to Assets September 30, 2008 Acquisitions Divestitures Held for Sale 2009 Eastern $ 2,772.5 $ 10.7 $ (11.2 ) $ 12.2 $ 2,784.2 Midwest 2,083.8 9.2 (0.2 ) 2,092.8 Southern 2,715.6 12.7 (27.0 ) (10.7 ) 2,690.6 Western 2,949.6 16.8 2,966.4 Total $ 10,521.5 $ 49.4 $ (38.2 ) $ 1.3 $ 10,534.0 Balance at Balance at December 31, Adjustments to September 30, 2007 Acquisitions 2008 Eastern $ 510.0 $ 0.3 $ 510.3 Midwest 374.1 1.9 376.0 Southern 340.7 (0.5 ) 340.2 Western 330.9 330.9 Total $ 1,555.7 $ 1.7 $ 1,557.4 Adjustments to acquisitions for the nine months ended September30, 2009 includes a $9.7 million adjustment for deferred taxes pertaining to prior years acquisitions. During the first quarter of 2009 we realigned our regional operations. As such, we have retrospectively adjusted the goodwill balances associated with each operating region to conform with the current presentation. We allocated goodwill from the Allied acquisition to our regions based on the fair value of Allieds contribution to each individual region relative to the total fair value of the business acquired. As a result of the realignment of our regions, we performed an interim impairment test of our goodwill during the first quarter of 2009 and we concluded that goodwill was not impaired. We will continue to monitor our market capitalization and expectations of future cash flows and will perform interim impairment testing if necessary. Other Intangible Assets Other intangible assets include values assigned to customer relationships, long-term contracts, covenants not to compete and trade names, and are amortized over periods ranging from 2 to 10years. A summary of the activity and balances in intangible assets by operating segment is as follows: Gross Intangible Assets Accumulated Amortization Net Balance at Balance at Balance at Balance at Intangibles December 31, Adjustments to September 30, December 31, Amortization September 30, at September 30, 2008 Acquisitions Acquisitions 2009 2008 Expense 2009 2009 Eastern $ 139.3 $ $ $ 139.3 $ (5.6 ) $ (10.8 ) $ (16.4 ) $ 122.9 Midwest 97.7 97.7 (5.6 ) (8.1 ) (13.7 ) 84.0 Southern 126.7 0.1 126.8 (4.5 ) (10.9 ) (15.4 ) 111.4 Western

Other Assets

Other Assets
	9 Months Ended Sep. 30, 2009 USD / shares
Other Assets [Abstract]
Other Assets	5. OTHER ASSETS Prepaid Expenses and Other Current Assets A summary of prepaid expenses and other current assets as of September30, 2009 and December31, 2008 is as follows: September 30, December 31, 2009 2008 Inventories $ 35.4 $ 37.1 Prepaid expenses 73.5 58.6 Other non-trade receivables 31.8 47.7 Income taxes receivable 39.6 3.0 Asset held for sale 2.5 17.5 Other current assets 6.5 10.8 Total $ 189.3 $ 174.7 Other current assets include the fair value of commodity hedges of $3.0million and $8.8 million at September30, 2009 and December31, 2008, respectively. Other Assets A summary of other assets as of September30, 2009 and December31, 2008 is as follows: September 30, December 31, 2009 2008 Deferred financing costs $ 28.4 $ 27.4 Deferred compensation plan 14.8 13.0 Notes and other receivables 52.8 57.2 Assets held for sale 31.9 285.1 Other 105.7 107.3 Total $ 233.6 $ 490.0 Notes and other receivables include the fair value of interest rate swaps of $11.3million and $15.1million at September30, 2009 and December31, 2008, respectively.

Other Liabilities

Other Liabilities
	9 Months Ended Sep. 30, 2009 USD / shares
Other Liabilities [Abstract]
Other Liabilities	6. OTHER LIABILITIES Other Accrued Liabilities A summary of other accrued liabilities as of September30, 2009 and December31, 2008 is as follows: September 30, December 31, 2009 2008 Accrued payroll and benefits $ 179.9 $ 130.6 Accrued fees and taxes 109.7 114.0 Self-insurance reserves, current portion 131.4 173.6 Accrued dividends 72.2 72.0 Current tax liabilities 16.2 47.1 Restructuring liabilities 32.8 30.4 Accrued professional fees and legal settlement reserves 27.1 43.7 Other 195.8 185.4 Total $ 765.1 $ 796.8 Other includes the fair value of fuel hedges of $5.8million and $11.7million at September30, 2009 and December31, 2008, respectively. Other Long-Term Liabilities A summary of other long-term liabilities as of September30, 2009 and December31, 2008 is as follows: September 30, December 31, 2009 2008 Deferred compensation liability $ 14.8 $ 13.2 Pension liability 75.8 74.7 Liabilities related to assets held for sale 31.0 Other 95.8 84.2 Total $ 186.4 $ 203.1

Landfill and Environmental Cost

Landfill and Environmental Costs
	9 Months Ended Sep. 30, 2009 USD / shares
Landfill and Environmental Costs [Abstract]
Landfill and Environmental Costs	7. LANDFILL AND ENVIRONMENTAL COSTS Accrued Landfill and Environmental Costs A summary of landfill and environmental liabilities as of September30, 2009 and December31, 2008 is as follows: September 30, December 31, 2009 2008 Landfill final capping, closure and post-closure liabilities $ 1,076.1 $ 1,040.6 Remediation 363.3 389.9 1,439.4 1,430.5 Less: Current portion (188.4 ) (233.4 ) Long-term portion $ 1,251.0 $ 1,197.1 Total Available Disposal Capacity As of September30, 2009, we owned or operated 199 active solid waste landfills with total available disposal capacity of approximately 4.5billion in-place cubic yards. Additionally, we currently have post-closure responsibility for 128 closed landfills. Final Capping, Closure and Post-Closure Costs The following table summarizes the activity in our asset retirement obligation liabilities, which include liabilities for final capping, closure and post-closure: Nine Months Ended September 30, 2009 2008 Asset retirement obligation liabilities, beginning of year $ 1,040.6 $ 277.7 Non-cash asset additions 25.0 14.3 Additions due to acquisitions 6.6 Asset retirement obligation adjustments (1.0 ) Payments (60.2 ) (9.8 ) Accretion expense 67.4 13.5 Other adjustments (0.9 ) Adjustments to liabilities related to assets held for sale (1.4 ) Asset retirement obligation liabilities, end of period 1,076.1 295.7 Less: Current portion (114.9 ) (14.5 ) Long-term portion $ 961.2 $ 281.2 Annually, in the fourth quarter, we review our calculations for asset retirement obligations. However, if there are significant changes in the facts and circumstances related to a site during the year, we will update our assumptions prospectively in the period that all the relevant facts and circumstances are known. The fair value of assets that are legally restricted for purposes of collateralizing certain of our final capping, closure and post-closure obligations was approximately $61.1million at September 30, 2009, and is included in restricted cash and marketable securities in our consolidated balance sheets. Remediation We accrue for remediation costs when they become probable and can be reasonably estimated. We believe that the amounts accrued for remediation costs are adequate. However, it is reasonably possible that we will need to adjust the liabilities recorded for remediation to reflect the effects of new or additional information, to the extent that such information impacts the costs, timing or duration of the required actions. Future changes in our estimates of the cost, timing or duration of the required actions could have a material adverse effect on our consolidated financial position, results of operations or cash flows. The following table summarizes the activity in our environmental remediation liabilities:

Debt

Debt
	9 Months Ended Sep. 30, 2009 USD / shares
Debt [Abstract]
Debt	8. DEBT Our notes payable, capital leases and long-term debt at September30, 2009 and December31, 2008 are listed in the following table, and are presented net of unamortized discounts and premiums, adjustments to fair market value related to hedging transactions and the unamortized portion of adjustments to fair value recorded in purchase accounting. The debt we acquired as part of the acquisition of Allied was recorded at fair value as of the acquisition date. Debt Balance at September 30, 2009 December 31, 2008 $1.0billion Revolver due 2012 $ $ $1.75billion Revolver due 2013, Eurodollar and Base Rate borrowings 665.0 Receivables secured loans 215.0 400.0 7.125% senior notes due 2009 99.3 6.500% senior notes due 2010 235.4 333.2 5.750% senior notes due 2011 266.4 371.1 6.375% senior notes due 2011 217.6 257.7 6.750% senior notes due 2011 398.7 464.2 7.875% senior notes due 2013 426.5 422.4 6.125% senior notes due 2014 377.1 370.5 7.375% senior notes due 2014 366.8 363.5 7.250% senior notes due 2015 538.1 531.7 7.125% senior notes due 2016 524.7 518.7 6.875% senior notes due 2017 652.2 645.7 5.500% senior notes due 2019 645.4 9.250% debentures due 2021 93.1 92.8 6.086% senior notes due 2035 249.3 249.1 7.400% debentures due 2035 266.6 266.0 4.250% senior subordinated convertible debentures due 2034 210.7 201.3 Tax-exempt bonds and other tax-exempt financings; fixed and floating interest rates ranging from .30% to 8.25%; maturities ranging from 2010 to 2037 1,228.7 1,308.2 Other debt unsecured and secured by real property, equipment and other assets; interest rates ranging from 5.99% to 11.90% maturing through 2042 143.5 142.1 Total debt 7,055.8 7,702.5 Less: Current portion (242.5 ) (504.0 ) Long-term portion $ 6,813.3 $ 7,198.5 Revolving Credit Facilities Our $1.0billion revolving credit facility due April2012 and our $1.75billion revolving credit facility due September2013 (collectively, the Credit Facilities) bear interest at a Base Rate, or a Eurodollar Rate for the Credit Facility due September2013, both terms defined in the agreements, plus an applicable margin based on our Debt Ratings, also a term defined in the agreements. As of December31, 2008, the interest rate for our borrowings under our Credit Facilities was 3.43%. The Credit Facilities are also subject to facility fees based on applicable rates defined in the agreements and the aggregate commitments, regardless of usage. At September30, 2009, we had no Eurodollar Rate borrowings or Base Rate borrowings and $1,630.7million of revolver capacity used to support outstanding letters of credit, leaving $1,119.3million of available liquidity under the Credit Facilities. The agreements governing the Credit Facilities require us to maintain certain financial and other covena

Income Taxes

Income Taxes
	9 Months Ended Sep. 30, 2009 USD / shares
Income Taxes [Abstract]
Income Taxes	9. INCOME TAXES Income taxes have been provided for the nine months ended September30, 2009 and 2008 based on our anticipated annual effective income tax rate. Income taxes paid (net of refunds received) were $360.9million and $65.8million for the nine months ended September30, 2009 and 2008, respectively. We and our subsidiaries are subject to income tax in the U.S. and Puerto Rico, as well as income tax in multiple state and local jurisdictions. These authorities may challenge the positions taken in our tax filings. As such, to provide for certain potential tax exposures, we maintain liabilities for uncertain tax positions for our estimate of the final outcome of the examinations. We recognize interest and penalties as incurred within the provision for income taxes in the consolidated statements of income. As of September30, 2009, we have accrued a liability for penalties of $89.4million and interest (including interest on penalties) of $172.3million related to our uncertain tax positions,. We believe that the liabilities for uncertain tax positions recorded are appropriate. However, during the next twelve months we believe it is reasonably possible that the amount of unrecognized tax benefits will likely increase or decrease. We are unable to estimate a range at this time. A significant assessment against us in excess of the liabilities recorded could have a material adverse effect on our consolidated financial position, results of operations or cash flows. We have acquired Allieds open tax periods as part of the acquisition. We are currently under examination or administrative review by various state and federal taxing authorities for certain tax years, including federal income tax audits for calendar years 2000 through 2007. We are also engaged in tax litigation related to our risk management companies which are subsidiaries of Allied. These matters are further discussed below. Risk Management Companies Prior to Allieds acquisition of BFI in July1999, certain BFI operating companies, as part of a risk management initiative to manage and reduce costs associated with certain liabilities, contributed assets and existing environmental and self-insurance liabilities to six fully consolidated BFI risk management companies (RMCs) in exchange for stock representing a minority ownership interest in the RMCs. Subsequently, the BFI operating companies sold that stock in the RMCs to third parties at fair market value which resulted in a capital loss of approximately $900million for tax purposes, calculated as the excess of the tax basis of the stock over the cash proceeds received. On January18, 2001, the Internal Revenue Service (IRS)designated this type of transaction and other similar transactions as a potentially abusive tax shelter under IRS regulations. During 2002, the IRS proposed the disallowance of all of this capital loss. At the time of the disallowance, the primary argument advanced by the IRS for disallowing the capital loss was that the tax basis of the stock of the RMCs received by the BFI operating companies was required to be reduced by the amount of liabilities acquired by the RMCs even though such

Employee Benefit Plans

Employee Benefit Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Employee Benefit Plans [Abstract]
Employee Benefit Plans	10. EMPLOYEE BENEFIT PLANS Stock-Based Compensation In July1998, we adopted the 1998 Stock Incentive Plan (1998 Plan) to provide for grants of options to purchase shares of common stock, restricted stock and other equity-based compensation to our employees and non-employee directors who are eligible to participate in the 1998 Plan. The 1998 Plan expired on June30, 2008. In February2007, our Board of Directors approved the 2007 Stock Incentive Plan (2007 Plan) to replace the 1998 Plan when it expired. The 2007 Plan was approved by our stockholders in May2007. As of September30, 2009, there are 6.7million shares reserved for future grants under the 2007 Plan. Options granted under the 1998 Plan and the 2007 Plan are non-qualified and are granted at a price equal to the fair market value of our common stock at the date of grant. Generally, options granted have a term of seven to ten years from the date of grant, and vest in increments of 25% per year over a four year period beginning on the first anniversary date of the grant. Options granted to non-employee directors have a term of ten years and are fully vested at the grant date. In December2008, the Board of Directors adopted the Republic Services, Inc. 2006 Incentive Stock Plan (previously the Allied Waste Industries, Inc. 2006 Incentive Stock Plan (the 2006 Plan)) as amended and restated effective December5, 2008. Allieds stockholders approved the 2006 Plan in May2006. The 2006 Plan was amended and restated effective December5, 2008 to reflect that Republic Services, Inc. is the new sponsor of the Plan, that any references to shares of common stock is to shares of common stock of Republic Services, Inc., and to adjust outstanding awards and the number of shares available under the Plan to reflect the merger. The 2006 Plan, as amended and restated, provides for the grant of non-qualified stock options, incentive stock options, shares of restricted stock, shares of phantom stock, stock bonuses, restricted stock units, stock appreciation rights, performance awards, dividend equivalents, cash awards, or other stock-based awards. Awards granted under the 2006 Plan prior to December5, 2008 became fully vested and nonforfeitable upon the closing of the merger. Awards may be granted under the 2006 Plan, as amended and restated, after December5, 2008 only to employees and consultants of Allied Waste Industries, Inc. and its subsidiaries who were not employed by Republic Services, Inc. prior to such date. As of September30, 2009, shares reserved for future grants under the 2006 Plan are 15.3million. Stock Options We use a lattice binomial option-pricing model to value our stock option grants. We recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award, or to the employees retirement eligible date, if earlier. Expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option. We use historical data to estimate future option exercises, forfeitures and expected life of the options.

Stockholders Equity and Earning

Stockholders Equity and Earnings Per Share
	1/1/2009 - 9/30/2009 USD / shares
Stockholders' Equity and Earnings Per Share [Abstract]
Stockholders' Equity and Earnings Per Share	11. STOCKHOLDERS EQUITY AND EARNINGS PER SHARE From 2000 through September30, 2009, our Board of Directors has authorized the repurchase of up to $2.6billion of our common stock. Through September30, 2009, we have paid $2.3billion to repurchase 82.6million shares of our common stock. During the second quarter of 2008, we suspended our share repurchase program as a result of the pending merger with Allied. We expect that our share repurchase program will continue to be suspended until approximately 2011. We initiated a quarterly cash dividend in July2003. The dividend has been increased each year thereafter, with the latest increase occurring in the third quarter of 2008. Our current quarterly dividend per share is $0.19 or $0.76 per year. Dividends declared were $216.3million and $96.9 million for the nine months ended September30, 2009 and 2008, respectively. As of September30, 2009, we recorded a dividend payable of approximately $72.2million to stockholders of record at the close of business on October1, 2009. In October2009, our board of directors declared a regular quarterly dividend of $0.19 per share payable to stockholders of record as of January4, 2010. Basic earnings per share is computed by dividing net income attributable to Republic Services, Inc. by the weighted average number of common shares (including restricted stock and vested but unissued restricted and deferred stock units) outstanding during the period. Diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding which include, where appropriate, the assumed exercise of employee stock options and unvested restricted stock awards utilizing the treasury stock method. The dilutive effect on earnings per share from our senior subordinated convertible debentures is calculated using the if-converted method. In June2008, the FASB clarified that all outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends participate in undistributed earnings with common shareholders. Awards of this nature are considered participating securities and the two-class method of computing basic and diluted earnings per share must be applied. This clarification is effective for fiscal years beginning after December15, 2008. The shares of restricted stock are entitled to receive nonforfeitable cash dividends, and these shares vest in four equal annual installments beginning on the anniversary date of the original grant except that vesting may be accelerated under certain conditions. Shares of restricted stock issued to our executive and other officers are considered participating securities. We performed our calculations of basic and diluted earnings per share using the treasury and two-step methods and determined that adoption of this clarification did not impact our basic or diluted earnings per share for the three and nine months ended September30, 2009. Earnings per share for the three and nine months ended September30, 2009 and 2008 are calculated as follows (in thousands, except per share amounts): Three Months Ended September 30,

Other Comprehensive Income

Other Comprehensive Income
	9 Months Ended Sep. 30, 2009 USD / shares
Other Comprehensive Income [Abstract]
Other Comprehensive Income	12. OTHER COMPREHENSIVE INCOME A summary of comprehensive income for the three and nine months ended September30, 2009 and 2008 is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Net Income $ 121.0 $ 88.7 $ 460.6 $ 205.5 Settlement and amortization of treasury lock hedges, net of tax (1.4 ) (1.4 ) Change in value of commodity hedges, net of tax (1.2 ) (0.6 ) (3.6 ) (1.4 ) Change in value of fuel hedges, net of tax (0.4 ) (12.9 ) 3.7 3.8 Comprehensive income 118.0 75.2 459.3 207.9 Less: comprehensive income attributable to noncontrolling interests (0.5 ) (1.2 ) Comprehensive income attributable to Republic Services, Inc. $ 117.5 $ 75.2 $ 458.1 $ 207.9 The tax effect of the above described transactions were calculated at a 42.0% and 38.5% rate for 2009 and 2008, respectively. Fuel Hedges We have entered into multiple option agreements designated as cash flow hedges to mitigate some of our exposure related to changes in diesel fuel prices. The options qualified for, and were designated as, effective hedges of changes in the prices of forecasted diesel fuel purchases (fuel hedges). The following table summarizes our outstanding fuel hedges at September30, 2009 and 2008: Notional Amount (in Gallons Contract Price Inception Date Commencement Date Termination Date per Month) per Gallon January26, 2007 January 7, 2008 December 29, 2008 500,000 $ 2.83 January26, 2007 January 5, 2009 December 28, 2009 500,000 2.83 January26, 2007 January 4, 2010 December 27, 2010 500,000 2.81 November5, 2007 January 5, 2009 December 30, 2013 60,000 3.28 March17, 2008 January 5, 2009 December 31, 2012 50,000 3.72 March17, 2008 January 5, 2009 December 31, 2012 50,000 3.74 September22, 2008 January 1, 2009 December 31, 2011 150,000 4.16 - 4.17 July10, 2009 January 1, 2010 December 31, 2010 100,000 2.84 July10, 2009 January 1, 2011 December 31, 2011 100,000 3.05 July10, 2009 January 1, 2012 December 31, 2012 100,000 3.20 If the national U.S. on-highway average price for a gallon of diesel fuel (average price) as published by the Department of Energy exceeds the contract price per gallon, we receive the difference between the average price and the contract price (multiplied by the notional gallons) from the counter-party. If the national U.S. on-highway average price for a gallon of diesel fuel is less than the contract price per gallon, we pay the difference to the counter-party. The fair values of the fuel hedges are obtained from third-party counter-parties and are determined using standard option valuation models with assumptions about commod

Segment Information

Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
Segment Information [Abstract]
Segment Information	13. SEGMENT INFORMATION Our operations are managed and evaluated through four regions: Eastern, Midwest, Southern and Western. These four regions are presented below as our reportable segments. These reportable segments provide integrated waste management services consisting of collection, transfer and disposal of domestic non-hazardous solid waste. We completed the reorganization of our operating segments as a result of our acquisition of Allied in the first quarter of 2009, and are providing internal and external reporting in accordance with our reorganized structure. Summarized financial information concerning our reportable segments for the three and nine months ended September30, 2009 and 2008 is shown in the following tables: Depreciation, Amortization, Operating Gross Intercompany Net Depletion and Income Capital Revenue Revenue Revenue Accretion (Loss) Expenditures Total Assets Three Months Ended September30, 2009: Eastern $ 628.0 $ 91.6 $ 536.4 $ 53.7 $ 135.9 $ 45.4 $ 4,454.3 Midwest 562.0 104.6 457.4 57.3 96.9 56.2 3,584.9 Southern 588.3 80.7 507.6 59.6 112.1 38.3 4,863.3 Western 669.2 121.8 547.4 57.2 124.4 47.0 5,454.2 Corporate entities 32.3 7.6 24.7 12.7 (82.4 ) 0.5 1,173.4 Total $ 2,479.8 $ 406.3 $ 2,073.5 $ 240.5 $ 386.9 $ 187.4 $ 19,530.1 Three Months Ended September30, 2008: Eastern $ 259.8 $ 34.3 $ 225.5 $ 19.3 $ 54.5 $ 28.1 $ 1,188.0 Midwest 227.2 45.9 181.3 22.7 36.5 18.7 1,122.0 Southern 242.9 26.4 216.5 19.9 43.5 30.8 1,015.0 Western 260.0 49.3 210.7 18.0 50.4 14.0 922.4 Corporate entities 2.0 (17.9 ) 7.1 359.1 Total $ 989.9 $ 155.9 $ 834.0 $ 81.9 $ 167.0 $ 98.7 $ 4,606.5 Depreciation, Amortization, Operating Gross Intercompany Net Depletion and Income Capital Revenue Revenue Revenue Accretion (Loss) Expenditures Total Assets Nine Months Ended September30, 2009: Eastern $ 1,882.5 $ 282.5 $ 1,600.0 $ 162.8 $ 371.2 $ 133.9 $ 4,454.3 Midwest 1,650.0 312.9 1,337.1 171.2 290.3 131.4 3,584.9 Southern 1,801.2 247.7 1,553.5 183.2 403.0

Commitments and Contingencies

Commitments and Contingencies
	9 Months Ended Sep. 30, 2009 USD / shares
Commitments and Contingencies [Abstract]
Commitments and Contingencies	14. COMMITMENTS AND CONTINGENCIES Litigation We are involved in routine judicial and administrative proceedings that arise in the ordinary course of business and that relate to, among other things, personal injury or property damage claims, employment matters and commercial and contractual disputes. We are subject to federal, state and local environmental laws and regulations. Due to the nature of our business, we are also routinely a party to judicial or administrative proceedings involving governmental authorities and other interested parties related to environmental regulations or liabilities. From time to time, we may also be subject to actions brought by citizens groups, adjacent landowners or others in connection with the permitting and licensing of our landfills or transfer stations, or alleging personal injury, environmental damage, or violations of the permits and licenses pursuant to which we operate. The following is a discussion of certain proceedings against us. Although the ultimate outcome of any legal matter cannot be predicted with certainty, except as otherwise described below or in Note 9, Income Taxes, we do not believe that the outcome of our pending legal and administrative proceedings will have a material adverse impact on our consolidated financial position, results of operations or cash flows. Countywide Matter On March26, 2007, the Ohio Environmental Protection Agency (OEPA)issued Final Findings and Orders (FOs) to Republic Services of Ohio II, LLC (Republic-Ohio), an Ohio limited liability company and our wholly owned subsidiary. The FOs relate to environmental conditions attributed to a chemical reaction resulting from the disposal of certain aluminum production waste at the Countywide Recycling and Disposal facility (Countywide) in East Sparta, Ohio. The FOs, and certain other remedial actions Republic-Ohio agreed with the OEPA to undertake to address the environmental conditions, include, without limitation, the following actions: (a)prohibiting leachate recirculation, (b)refraining from the disposal of solid waste in certain portions of the site, (c) updating engineering plans and specifications and providing further information regarding the integrity of various engineered components at the site, (d)performing additional data collection, (e)taking additional measures to address emissions, (f)expanding the gas collection and control system, (g)installing an isolation break, (h)removing liquids from gas extraction wells, and (i) submitting a plan to the OEPA to suppress the chemical reaction and, following approval by the OEPA, implementing such plan. Republic-Ohio has performed certain interim remedial actions required by the OEPA, but the OEPA has not approved Republic-Ohios plan to suppress the chemical reaction. Republic-Ohio has received additional orders from the OEPA requiring certain actions to be taken by Republic-Ohio, including additional air quality monitoring and the installation and continued maintenance of gas well dewatering systems. On September30, 2009 Republic-Ohio entered into two legally binding agreements with the State of Ohio designed to further refine the act

Subsequent Events

Subsequent Events
	9 Months Ended Sep. 30, 2009 USD / shares
Subsequent Events [Abstract]
Subsequent Events	15. SUBSEQUENT EVENTS We notified the registered holders of our 7.875% Senior Notes due 2013 and our 4.250% Senior Subordinated Convertible Debentures due 2034 that we will redeem all of the notes outstanding in the fourth quarter of 2009. The 7.875% Senior Notes due 2013 will be redeemed at 102.625% and the 4.250% Senior Subordinated Convertible Debentures due 2034 will be redeemed at par. With respect to this redemption, we expect to incur a fourth quarter loss on extinguishment of debt of approximately $55million. We intend to use cash on hand and, if necessary, incremental borrowings under our revolving credit facility to fund the redemptions. We may also explore capital market opportunities to fund the redemptions if market conditions are favorable. Subsequent events have been evaluated by management through November3, 2009, the date these financial statements were filed. No additional material subsequent events have occurred since September30, 2009 that required recognition or disclosure in our current period financial statements.