Republic Services (RSG) 10-K 24 Feb 10 2009 FY Annual report Financial data

Document and Company Informatio

Document and Company Information (USD $)
In Billions, except Share data	12 Months Ended Dec. 31, 2009	Feb. 16, 2010	Jun. 30, 2009
Document and Company Information [Abstract]
Entity Registrant Name	REPUBLIC SERVICES, INC.
Entity Central Index Key	0001060391
Document Type	10-K
Document Period End Date	2009-12-31
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 Public Float			9.3
Entity Common Stock, Shares Outstanding		380,983,615

Consolidated Balance Sheets

Consolidated Balance Sheets (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	$48	68.7
Accounts receivable, net of allowance for doubtful accounts of $55.2 and $65.7, respectively	865.1	945.5
Prepaid expenses and other current assets	156.5	174.7
Deferred tax assets	195.3	136.8
Total current assets	1264.9	1325.7
Restricted cash and marketable securities	240.5	281.9
Property and equipment, net	6657.7	6738.2
Goodwill, net	10667.1	10521.5
Other intangible assets, net	500	564.1
Other assets	210.1	490
Total assets	19540.3	19921.4
Current liabilities:
Accounts payable	592.8	564
Notes payable and current maturities of long-term debt	543	504
Deferred revenue	331.1	359.9
Accrued landfill and environmental costs, current portion	245.4	233.4
Accrued interest	96.2	107.7
Other accrued liabilities	740.2	796.8
Total current liabilities	2548.7	2565.8
Long-term debt, net of current maturities	6419.6	7198.5
Accrued landfill and environmental costs, net of current portion	1383.2	1197.1
Deferred income taxes and other long-term tax liabilities	1040.5	1239.9
Self-insurance reserves, net of current portion	302	234.5
Other long-term liabilities	279.2	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; 395.7 and 393.4 issued including shares held in treasury, respectively	4	3.9
Additional paid-in capital	6316.1	6260.1
Retained earnings	1683.1	1477.2
Treasury stock, at cost (14.9 shares)	-457.7	-456.7
Accumulated other comprehensive income (loss), net of tax	19	-3.1
Total Republic Services, Inc. stockholders' equity	7564.5	7281.4
Noncontrolling interests	2.6	1.1
Total stockholders' equity	7567.1	7282.5
Total liabilities and stockholders' equity	19540.3	19921.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Current assets:
Allowance for doubtful accounts	55.2	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	395.7	393.4
Treasury stock, shares at cost	14.9	14.9

Consolidated Statements of Inco

Consolidated Statements of Income (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Consolidated Statements of Income [Abstract]
Revenue	8199.1	3685.1	3176.2
Expenses:
Cost of operations	4844.2	2416.7	2003.9
Depreciation, amortization and depletion	869.7	354.1	305.5
Accretion	88.8	23.9	17.1
Selling, general and administrative	880.4	434.7	313.7
(Gain) loss on disposition of assets and impairments, net	(137)	89.8	0
Restructuring charges	63.2	82.7	0
Operating income	1589.8	283.2	536
Interest expense	-595.9	-131.9	-94.8
Loss on extinguishment of debt	-134.1	0	0
Interest income	2	9.6	12.8
Other income (expense), net	3.2	-1.6	14.1
Income before income taxes	865	159.3	468.1
Provision for income taxes	368.5	85.4	177.9
Net income	496.5	73.9	290.2
Less: net income attributable to noncontrolling interests	-1.5	-0.1	0
Net income attributable to Republic Services, Inc.	$495	73.8	290.2
Basic earnings per share attributable to Republic Services, Inc. stockholders:
Basic earnings per share	1.3	0.38	1.53
Weighted average common shares outstanding	379.7	196.7	190.1
Diluted earnings per share attributable to Republic Services, Inc. stockholders:
Diluted earnings per share	1.3	0.37	1.51
Weighted average common and common equivalent shares outstanding	381	198.4	192
Cash dividends per common share	0.76	0.72	0.55

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity and Comprehensive Income (USD $)
In Millions	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Other Comprehensive Income (Loss), Net of Tax	Noncontrolling Interests	Total
Beginning Balance, shares at Dec. 31, 2006	194.5
Beginning Balance at Dec. 31, 2006	1.9	1617.5	1602.6	-1800.8	0.9		1422.1
Comprehensive Income:
Net income			290.2				290.2
Other comprehensive income (loss), net of tax:
Change in value of derivative instruments, net of tax of $5.1, $5.4 and $0.2 for the year 2007, 2008 and 2009 respectively					8.2		8.2
Other comprehensive income (loss)							8.2
Comprehensive income							298.4
Cumulative effect of change in accounting principle			-5.6				-5.6
Stock split		(1,635)	-210.3	1845.3
Cash dividends declared			-104.6				-104.6
Issuances of common stock	0.1	45.3					45.4
Issuances of common stock, shares	1.9
Issuances of restricted stock and deferred stock units	0.1
Stock-based compensation		10.9					10.9
Purchases of common stock for treasury, value				-362.8			-362.8
Purchases of common stock for treasury, shares	-11.1
Ending Balance at Dec. 31, 2007	2	38.7	1572.3	-318.3	9.1		1303.8
Ending Balance, shares at Dec. 31, 2007	185.4
Comprehensive Income:
Net income			73.8			0.1	73.9
Other comprehensive income (loss), net of tax:
Change in value of derivative instruments, net of tax of $5.1, $5.4 and $0.2 for the year 2007, 2008 and 2009 respectively					-8.6		-8.6
Employee benefit plan liability adjustments, net of tax of $1.9 and $12.8 for the year 2008 and 2009 respectively					-3.6		-3.6
Other comprehensive income (loss)							-12.2
Comprehensive income							61.7
Cash dividends declared			-168.9				-168.9
Issuances of common stock		27.7					27.7
Issuances of common stock, shares	1.5
Issuances of common stock due to acquisition of Allied	1.9	6111.8					6113.7
Issuances of common stock due to acquisition of Allied, Shares	195.8
Equity issuance costs due to acquisition of Allied		-1.8					-1.8
Acquisition of noncontrolling interest						1	1
Value of stock options issued to replace Allied stock options		61.2					61.2
Issuances of restricted stock and deferred stock units	0.4
Stock-based compensation		24					24
Adjustment to deferred tax benefits for deferred stock units		-1.5					-1.5
Purchases of common stock for treasury, value				-138.4			-138.4
Purchases of common stock for treasury, shares	-4.6
Ending Balance at Dec. 31, 2008	3.9	6260.1	1477.2	-456.7	-3.1	1.1	7282.5
Ending Balance, shares at Dec. 31, 2008	378.5
Comprehensive Income:
Net income			495			1.5	496.5
Other comprehensive income (loss), net of tax:
Change in value of derivative instruments, net of tax of $5.1, $5.4 and $0.2 for the year 2007, 2008 and 2009 respectively					-0.1		-0.1
Employee benefit plan liability adjustments, net of tax of $1.9 and $12.8 for the year 2008 and 2009 respectively					22.2		22.2
Other comprehensive income (loss)							22.1
Comprehensive income							518.6
Cash dividends declared			-288.7				-288.7
Issuances of common stock	0.1	40.6					40.7
Issuances of common stock, shares	2.4
Stock-based compensation		15.4	-0.4				15
Purchases of common stock for treasury, value				(1)			(1)
Purchases of common stock for treasury, shares	-0.1
Ending Balance at Dec. 31, 2009	$4	6316.1	1683.1	-457.7	$19	2.6	7567.1
Ending Balance, shares at Dec. 31, 2009	380.8

1_Consolidated Statements of St

Consolidated Statements of Stockholders Equity and Comprehensive Income (Parenthetical) (USD $)
In Millions	Other Comprehensive Income (Loss), Net of Tax	Comprehensive Income	Total
Other comprehensive income (loss), net of tax:
Tax effect on derivative instruments	5.1	5.1	5.1
Other comprehensive income (loss), net of tax:
Tax effect on derivative instruments	5.4	5.4	5.4
Tax effect on Employee benefit plan liability	1.9	1.9	1.9
Other comprehensive income (loss), net of tax:
Tax effect on derivative instruments	0.2	0.2	0.2
Tax effect on Employee benefit plan liability	12.8	12.8	12.8

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash Provided by Operating Activities:
Net income	496.5	73.9	290.2
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization of property and equipment	520.6	222.6	188.9
Landfill depletion and amortization	278.5	119.7	110.1
Amortization of intangible and other assets	70.6	11.8	6.5
Accretion	88.8	23.9	17.1
Non-cash interest expense - debt	92.1	10.1	0.5
Non-cash interest expense - other	58.1	0.5	0
Restructuring related charges	34	0	0
Stock-based compensation	15	24	10.9
Deferred tax (benefit) provision	-24.6	-30.4	27.8
Provision for doubtful accounts, net of adjustments	27.3	36.5	3.9
Excess income tax benefit from stock option exercises	-2.5	2.8	7.9
Asset impairments	7.1	89.8	0
Loss on extinguishment of debt	134.1	0	0
Gain on disposition of assets, net	-147.1	-1.4	-13.8
Other non-cash items	-0.1	7.3	1.2
Change in assets and liabilities, net of effects from business acquisitions and divestitures:
Accounts receivable	53.1	21.1	-13.6
Prepaid expenses and other assets	-11.9	15.8	-17.3
Accounts payable and accrued liabilities	(121)	-198.2	2.9
Restructuring related expenditures	-66.5	0	0
Capping, closure and post-closure expenditures	-100.9	-27.9	-14.7
Remediation expenditures	-56.2	-43.3	(29)
Other liabilities	51.5	153.6	81.8
Cash Provided by Operating Activities	1396.5	512.2	661.3
Cash Used in Investing Activities:
Purchases of property and equipment	-826.3	-386.9	-292.5
Proceeds from sales of property and equipment	31.8	8.2	6.1
Cash used in acquisitions, net of cash acquired	-0.1	-553.8	-4.4
Cash proceeds from divestitures, net of cash divested	511.1	3.3	42.1
Change in restricted cash and marketable securities	41.6	-5.3	-11.6
Other	-0.6	-0.2	0
Cash Used in Investing Activities	-242.5	-934.7	-260.3
Cash (Used in) Provided by Financing Activities:
Proceeds from notes payable and long-term debt	1472.6	1453.4	313.5
Proceeds from issuance of senior notes, net of discount	1245.4	0	0
Payments of notes payable and long-term debt	-3583.9	-740.6	-302.4
Premiums paid on extinguishment of debt	-47.3	0	0
Fees paid to issue and retire senior notes and certain hedging relationships	-14.3	0	0
Issuances of common stock	39.6	24.6	31.3
Excess income tax benefit from stock option exercises	2.5	4.5	6
Payment for deferred stock units	0	(4)	0
Equity issuance cost	0	-1.8	0
Purchases of common stock for treasury	(1)	-138.4	-362.8
Cash dividends paid	-288.3	-128.3	-93.9
Cash (Used in) Provided by Financing Activities	-1174.7	469.4	-408.3
(Decrease) Increase in Cash and Cash Equivalents	-20.7	46.9	-7.3
Cash and Cash Equivalents at Beginning of Period	68.7	21.8	29.1
Cash and Cash Equivalents at End of Period	$48	68.7	21.8

Basis of Presentation

Basis of Presentation
	12 Months Ended Dec. 31, 2009 USD / shares
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION 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. We acquired Allied Waste Industries, Inc. (Allied) on December5, 2008, and have included all of the operating results of Allied starting on that date in our consolidated financial statements. See Note3, Business Acquisitions and Divestitures, Assets Held for Sale and Restructuring Charges, for additional information. The consolidated financial statements include the accounts of Republic, its wholly owned and majority owned subsidiaries in accordance with accounting principles generally accepted in the United States of America (U.S.GAAP). We account for investments in entities in which we do not have a controlling financial interest under either the equity method or cost method of accounting, as appropriate. Our investments in variable interest entities are not material to our consolidated financial statements. All material intercompany accounts and transactions have been eliminated in consolidation. In January 2007, our Board of Directors approved a 3-for-2 stock split in the form of a stock dividend, effective on March16, 2007, to stockholders of record as of March5, 2007. Our shares, per share amounts, and weighted average common and common equivalent shares have been adjusted to reflect the stock split. For comparative purposes, certain prior year amounts have been reclassified to conform to the current year presentation. All amounts are in millions, except per share amounts and unless otherwise noted.

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Managements Estimates and Assumptions In preparing our financial statements, we make numerous estimates and assumptions that affect the accounting, recognition and disclosure of assets, liabilities, stockholders equity, revenue and expenses. We must make these estimates and assumptions because certain information that we use is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. In some cases, these estimates are particularly difficult to determine and we must exercise significant judgment. In preparing our financial statements, the most difficult, subjective and complex estimates and assumptions that deal with the greatest amount of uncertainty relate to our accounting for our long-lived assets, landfill development costs, and final capping, closure and post-closure costs, our valuation allowances for accounts receivable and deferred tax assets, our liabilities for potential litigation, claims and assessments, our liabilities for environmental remediation, employee benefit plans, deferred taxes, uncertain tax positions and self-insurance, and our estimates of the fair values of the assets and liabilities acquired in our acquisition of Allied. Each of these items is discussed in more detail in the following discussion. Our actual results may differ significantly from our estimates. Cash and Cash Equivalents We consider liquid investments with an original maturity of three months or less to be cash equivalents. We may have net book credit balances in our primary disbursement accounts at the end of a reporting period. We classify such credit balances as accounts payable in our consolidated balance sheets as checks presented for payment to these accounts are not payable by our banks under overdraft arrangements, and, as such, do not represent short-term borrowings. As of December31, 2008, there were no net book credit balances in our primary disbursement accounts. As of December31, 2009, there were net book credit balances of $89.9million in our primary disbursement accounts which were reclassified as accounts payable and other accrued liabilities on our consolidated balance sheet. Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents, trade accounts receivable and derivative instruments. We place our cash and cash equivalents with high quality financial institutions. Such balances may be in excess of FDIC insured limits. In order to manage the related credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits. Concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas. We provide services to commercial, industrial, municipal and residential customers in the United States and Puerto Rico. We perform ong

Business Acquisitions and Dives

Business Acquisitions and Divestitures, Assets Held for Sale and Restructuring Charges
	12 Months Ended Dec. 31, 2009 USD / shares
Business Acquisitions and Divestitures, Assets Held for Sale and Restructuring Charges [Abstract]
BUSINESS ACQUISITIONS AND DIVESTITURES, ASSETS HELD FOR SALE AND RESTRUCTURING CHARGES	3. BUSINESS ACQUISITIONS AND DIVESTITURES, ASSETS HELD FOR SALE AND RESTRUCTURING CHARGES Merger with Allied Waste Industries, Inc. Rationale for the Merger We believe that our merger with Allied results in a combined company that has greater financial strength, operational efficiencies, earning power and growth potential than either we or Allied would have on our own. We believe that there is a substantial strategic fit between the markets serviced by Republic, which are located predominantly in high-growth Sunbelt markets, and those served by Allied, which has a national footprint. Since our collection markets are highly complementary, the combined company is diversified across geographic markets, customer segments and service offerings. This balance will allow our combined company to capitalize on attractive business opportunities, mitigate geographic risk, and results in greater stability and predictability of revenue and free cash flow. We also believe that the merger will result in a number of important synergies, primarily from achieving greater operating efficiencies, capturing inherent economies of scale and leveraging corporate resources. Therefore, we believe that the premium we paid to effectuate the merger was reasonable. Purchase Price The purchase price paid for Allied, which was acquired on December5, 2008, includes the value of Republics common stock issued in exchange for Allieds outstanding common stock, the conversion of Allieds outstanding stock options and unvested restricted stock awards into Republics equity-based awards, cash paid to retire Allieds revolving credit facility, the fair value of Allieds debt less cash assumed at closing and Republics transaction costs. In summary, the purchase price paid for the acquisition of Allied and the allocation of the purchase price is as follows: December5, December31, December31, 2008 Adjustments 2008 Adjustments 2009 Purchase price: Value of Republic common stock issued in exchange for Allied common stock outstanding $ 6,113.7 $ - $ 6,113.7 $ (0.8 ) $ 6,112.9 Value of Republic stock options issued to replace Allied stock options 61.2 - 61.2 - 61.2 Cash paid to retire Allieds credit facility 671.8 - 671.8 - 671.8 Debt, fair value 5,402.0 - 5,402.0 (45.8 ) 5,356.2 Less: cash acquired (131.3 ) - (131.3 ) - (131.3 ) Transaction costs 57.4 - 57.4 1.5 58.9 Total purchase price 12,174.8 - 12,174.8 (45.1 ) 12,129.7 Allocated as follows: Current a

Property and Equipment, Net

Property and Equipment, Net
	12 Months Ended Dec. 31, 2009 USD / shares
Property and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	4. PROPERTY AND EQUIPMENT, NET A summary of property and equipment as of December 31 is as follows: 2009 2008 Other land $ 418.7 $ 464.4 Non-depletable landfill land 142.7 169.3 Landfill development costs 4,230.9 4,126.3 Vehicles and equipment 3,792.4 3,432.3 Buildings and improvements 741.6 706.0 Construction-in-progress-landfill 245.1 76.2 Construction-in-progress-other 23.0 26.3 9,594.4 9,000.8 Less: Accumulated depreciation, depletion and amortization: Landfill development costs (1,275.4 ) (1,004.2 ) Vehicles and equipment (1,518.2 ) (1,147.3 ) Buildings and improvements (143.1 ) (111.1 ) (2,936.7 ) (2,262.6 ) Property and equipment, net $ 6,657.7 $ 6,738.2 Property and equipment, net excludes assets classified as held for sale of $214.1million as of December31, 2008.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill and Other Intangible Assets, Net [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	5. GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill, Net A summary of the activity and balances in our goodwill accounts, net, by operating segment is as follows: Balance at Adjustments Adjustments Balance at December31, to to Assets December31, 2008 Acquisitions Divestitures Held for Sale 2009 Eastern $ 2,772.5 $ 45.0 $ (11.2 ) $ 12.2 $ 2,818.5 Midwest 2,083.8 34.7 - (0.3 ) 2,118.2 Southern 2,715.6 48.6 (61.8 ) 22.3 2,724.7 Western 2,949.6 56.1 - - 3,005.7 Total $ 10,521.5 $ 184.4 $ (73.0 ) $ 34.2 $ 10,667.1 Impairments and Balance at Adjustments Balance at December31, to Assets December31, 2007 Acquisitions Divestitures Held for Sale 2008 Eastern $ 510.0 $ 2,281.0 $ (0.2 ) $ (18.3 ) $ 2,772.5 Midwest 374.1 1,710.7 (0.2 ) (0.8 ) 2,083.8 Southern 340.7 2,397.4 (0.2 ) (22.3 ) 2,715.6 Western 330.9 2,618.9 (0.2 ) - 2,949.6 Total $ 1,555.7 $ 9,008.0 $ (0.8 ) $ (41.4 ) $ 10,521.5 Adjustments to acquisitions for the year ended December31, 2009 includes a $9.7million adjustment for deferred taxes pertaining to prior years acquisitions. Other Intangible Assets, Net Other intangible assets, net, include values assigned to customer relationships franchise agreements, other municipal agreements, non-compete agreements and trade names, and are amortized over periods ranging from 2 to 23years. A summary of the activity and balances in other intangible assets accounts by operating segment is as follows: Gross Intangible Assets Accumulated Amortization Net Balance at Adjustments Balance at Balance at Balance at Intangibles at December31, to December31, December31, Amortization December31, December31, 2008 Acquisitions Acquisitions 2009 2008 Expense 2009 2009 Eastern $ 139.3 $ - $ - $ 139.3 $ (5.6 ) $

Other Assets

Other Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Other Assets [Abstract]
OTHER ASSETS	6. OTHER ASSETS Prepaid Expenses and Other Current Assets A summary of prepaid expenses and other current assets as of December 31 is as follows: 2009 2008 Inventories $ 33.7 $ 37.1 Prepaid expenses 59.3 58.6 Other non-trade receivables 57.1 47.7 Income taxes receivable - 3.0 Assets held for sale - 17.5 Other current assets 6.4 10.8 Total $ 156.5 $ 174.7 Other current assets include the fair value of fuel and commodity hedges of $5.0million and $10.0million at December31, 2009 and 2008, respectively. Other Assets A summary of other assets as of December 31 is as follows: 2009 2008 Deferred financing costs $ 32.4 $ 27.4 Deferred compensation plan 15.2 13.0 Notes and other receivables 45.1 57.2 Assets held for sale - 285.1 Other 117.4 107.3 Total $ 210.1 $ 490.0 Notes and other receivables include the fair value of interest rate swaps of $9.9million and $15.1million at December31, 2009 and 2008, respectively.

Other Liabilities

Other Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Other Liabilities [Abstract]
OTHER LIABILITIES	7. OTHER LIABILITIES Other Accrued Liabilities A summary of other accrued liabilities as of December 31 is as follows: 2009 2008 Accrued payroll and benefits $ 169.6 $ 130.6 Accrued fees and taxes 114.4 118.7 Self-insurance reserves, current portion 110.9 173.6 Accrued dividends 72.4 72.0 Current tax liabilities 70.0 47.1 Restructuring liabilities 24.8 30.4 Accrued professional fees and legal settlement reserves 21.7 43.7 Other 156.4 180.7 Total $ 740.2 $ 796.8 Other accrued liabilities includes the fair value of fuel and commodity hedges of $5.7million and $12.9million at December31, 2009 and 2008, respectively. Other Long-Term Liabilities A summary of other long-term liabilities as of December 31 is as follows: 2009 2008 Deferred compensation liability $ 15.7 $ 13.2 Pension and other postretirement liabilities 38.1 74.8 Liabilities related to assets held for sale - 31.0 Contingent legal liabilities 112.0 - Other 113.4 84.1 Total $ 279.2 $ 203.1 Self-Insurance Reserves In general, our self-insurance reserves are recorded on an undiscounted basis. However, our estimate of the self-insurance liabilities we assumed in the acquisition of Allied have been recorded at fair value, and, therefore, have been discounted to present value using a rate of 9.75%. Discounted reserves are accreted to interest expense through the period that they are paid. Our liabilities for unpaid and incurred but not reported claims at December31, 2009 (which includes claims for workers compensation, general liability, vehicle liability and employee health care benefits) were $412.9million under our current risk management program and are included in other accrued liabilities and self-insurance reserves, net of current portion in our consolidated balance sheets. While the ultimate amount of claims incurred is dependent on future developments, we believe, recorded reserves are adequate to cover the future payment of claims. However, it is possible that recorded reserves may not be adequate to cover the future payment of claims. Adjustments, if any, to estimates recorded resulting from ultimate claim payments will be reflected in our consolidated statements of income in the periods in which such adjustments are known. The following table summarizes the activity in our self-insurance reserves for the years ended December 31: 2009 2008 2007 Balance at beginning of year $ 408.1 $ 178.0 $ 157.7 Additions charged to expense 481.3 203.0 188.2 Payments (489.7 ) (180.9 )

Landfill and Environmental Cost

Landfill and Environmental Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Landfill and Environmental Costs [Abstract]
LANDFILL AND ENVIRONMENTAL COSTS	8. LANDFILL AND ENVIRONMENTAL COSTS As of December31, 2009, we owned or operated 192 active solid waste landfills with total available disposal capacity of approximately 4.6billion in-place cubic yards. Additionally, we currently have post-closure responsibility for 132 closed landfills. Accrued Landfill and Environmental Costs A summary of our landfill and environmental liabilities as of December 31 is as follows: 2009 2008 Landfill final capping, closure and post-closure liabilities $ 1,074.5 $ 1,040.6 Remediation 554.1 389.9 1,628.6 1,430.5 Less: Current portion (245.4 ) (233.4 ) Long-term portion $ 1,383.2 $ 1,197.1 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, for the years ended December 31: 2009 2008 2007 Asset retirement obligation liabilities, beginning of year $ 1,040.6 $ 277.7 $ 257.6 Non-cash asset additions 32.5 20.5 19.5 Additions due to acquisitions 72.3 813.1 - Asset retirement obligation adjustments (57.4 ) (32.6 ) (1.8 ) Payments (100.9 ) (27.9 ) (14.7 ) Accretion expense 88.8 23.9 17.1 Adjustments to liabilities related to assets held for sale (1.4 ) (34.1 ) - Asset retirement obligation liabilities, end of year 1,074.5 1,040.6 277.7 Less: Current portion (137.5 ) (130.6 ) (32.6 ) Long-term portion $ 937.0 $ 910.0 $ 245.1 The initial liabilities recorded as part of our acquisition of Allied were developed using provisional amounts based upon information available at that time. During 2009, we gathered and assessed new information about the facts and circumstances surrounding our sites, and, as a result, increased the fair value of our closure and post-closure reserves by $72.3million. The amounts we have recorded for these obligations are not comparable to the amounts Allied recorded. We have recorded these obligations at their estimated fair values, inflated them to the expected payment date and then discounted the obligations using our credit-adjusted, risk-free rate at the time of the acquisition of 9.75%. Any further adjustments to our final capping, closure and post-closure liabilities will be reflected prospectively in our consolidated statement of income in the periods in which such adjustments become known. We review our landfill asset retirement obligations annually. As a result, we recorded

Debt

Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Debt [Abstract]
DEBT	9. DEBT Our notes payable, capital leases and long-term debt at December31, 2009 and 2008 are listed in the following table, and are presented net of unamortized discounts and premiums, adjustments to fair 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 December31, 2009 December31, 2008 $1.0billion Revolver due 2012 $ - $ - $1.75billion Revolver due 2013, Eurodollar and Base Rate borrowings 315.4 665.0 Receivables secured loans 300.0 400.0 Senior notes, fixed interest rate of 7.125%, due 2009 - 99.3 Senior notes, fixed interest rate of 6.500%, due 2010 216.5 333.2 Senior notes, fixed interest rate of 5.750%, due 2011 252.5 371.1 Senior notes, fixed interest rate of 6.375%, due 2011 209.1 257.7 Senior notes, fixed interest rate of 6.750%, due 2011 396.4 464.2 Senior notes, fixed interest rate of 7.875%, due 2013 - 422.4 Senior notes, fixed interest rate of 6.125%, due 2014 379.3 370.5 Senior notes, fixed interest rate of 7.375%, due 2014 - 363.5 Senior notes, fixed interest rate of 7.250%, due 2015 540.2 531.7 Senior notes, fixed interest rate of 7.125%, due 2016 526.7 518.7 Senior notes, fixed interest rate of 6.875%, due 2017 654.4 645.7 Senior notes, fixed interest rate of 5.500%, due 2019 645.5 - Senior notes, fixed interest rate of 5.250%, due 2021 600.0 - Debentures, fixed interest rate of 9.250%, due 2021 93.1 92.8 Senior notes, fixed interest rate of 6.086%, due 2035 249.4 249.1 Debentures, fixed interest rate of 7.400%, due 2035 266.8 266.0 Senior subordinated debentures, fixed interest rate of 4.250%, due 2034 - 201.3 Tax-exempt bonds and other tax-exempt financings; fixed and floating interest rates ranging from 0.20% to 8.25%; maturities ranging from 2010 to 2037 1,223.7 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 93.6 142.1 Total debt 6,962.6 7,702.5 Less: Current portion (543.0 ) (504.0 ) Long-term portion $ 6,419.6 $ 7,198.5 Impact of Allied Merger on Supplemental Indentures for Certain Debt On December10, 2008, we received the requisite consents to amend the supplemental indentures governing certain outstanding debt securities of Allied Waste North America, Inc. (AWNA). The amendment

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes [Abstract]
INCOME TAXES	10. INCOME TAXES The components of the provision for income taxes for the years ended December31, are as follows: 2009 2008 2007 Current: Federal $ 337.3 $ 98.1 $ 136.8 State 49.1 11.1 12.1 Federal and state deferred (benefit) provision (24.6 ) (30.4 ) 27.8 Non-current tax provision 6.7 6.6 1.2 Provision for income taxes $ 368.5 $ 85.4 $ 177.9 The reconciliations of the statutory federal income tax rate to our effective tax rate for the years ended December31, are shown below: 2009 2008 2007 Earnings before taxes 35.0% 35.0% 35.0% State income taxes, net of federal benefit 3.4 3.5 1.8 Non-deductible expenses 2.6 3.9 1.4 Non-deductible merger related compensation - 7.7 - Uncertain tax position taxes and interest 0.8 4.2 0.5 Other, net 0.8 (0.7 ) (0.7 ) Effective income tax rate 42.6% 53.6% 38.0% Our effective income tax rate is adversely impacted by expenses incurred which are non-deductible for tax, disposition of assets that have little or no basis for tax and accruals for penalties and interest on uncertain tax positions. During the year ended December31, 2008, we incurred expenses that were not tax deductible as a result of the merger with Allied. In addition, lower pre-tax earnings contributed to the increase in our effective tax rate. The components of the net deferred income tax asset and liability at December31, 2009 and 2008 are as follows: 2009 2008 Deferred tax liabilities relating to: Differences between book and tax basis of property $ (616.6 ) $ (738.1 ) Difference between book and tax basis of intangible assets (704.3 ) (630.7 ) Total liabilities (1,320.9 ) (1,368.8 ) Deferred tax assets relating to: Difference between book and tax basis of other assets 68.5 105.8 Accruals not currently deductible 309.9 267.7 Environmental reserves 298.4 236.3 Deferred taxes on uncertain tax positions 83.2 186.0 State net operating loss carryforwards 135.3 157.8 Other 21.8 44.6 Total assets 917.1 998.2 Valuation allowance (126.5 ) (156.4 ) Net deferred tax asset 790.6 841.8

Employee Benefit Plans

Employee Benefit Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Employee Benefit Plans [Abstract]
EMPLOYEE BENEFIT PLANS	11. EMPLOYEE BENEFIT PLANS Stock-Based Compensation In July 1998, 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 February 2007, 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 May 2007. We believe that such awards better align the interests of our employees with those of our stockholders. There were 6.8million shares reserved for future grants under the 2007 Plan as of December31, 2009. 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 December 2008, the Board of Directors adopted the Republic Services, Inc. 2006 Incentive Stock Plan (formerly known as 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 May 2006. 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. At December31, 2009, there were approximately 15.3million shares of common stock reserved for future grants under the 2006 Plan. 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

Stockholders' Equity

Stockholders' Equity
	1/1/2009 - 12/31/2009 USD / shares
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	12. STOCKHOLDERS EQUITY From 2000 through 2008, our Board of Directors authorized the repurchase of up to $2.6billion of our common stock. As of December31, 2008, we had paid $2.3billion to repurchase 82.6million shares of our common stock, of which 4.6million shares were acquired during the year ended December31, 2008 for $138.4million. During the second quarter of 2008, we suspended our share repurchase program as a result of the pending merger with Allied. In January 2007, our Board of Directors approved a 3-for-2 stock split in the form of a stock dividend, effective on March16, 2007, to stockholders of record as of March5, 2007. We distributed 64.5million shares from treasury stock to effect the stock split. In connection therewith, we transferred $1.6billion from treasury stock to additional paid-in capital and $0.2billion from treasury stock to retained earnings, representing in total the weighted-average cost of the treasury shares distributed. We initiated a quarterly cash dividend in July 2003. 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. Dividends declared were $288.7million, $168.9million and $104.6million for the years ended December31, 2009, 2008 and 2007, respectively. As of December31, 2009, we recorded a quarterly dividend payable of approximately $72.4million to stockholders of record at the close of business on January4, 2010.

Earnings Per Share

Earnings Per Share
	12 Months Ended Dec. 31, 2009 USD / shares
Earnings Per Share [Abstract]
EARNINGS PER SHARE	13. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the weighted average number of common shares (including restricted stock and vested but unissued 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. In computing diluted earnings per share, we utilize the treasury stock method. Earnings per share for the years ended December31, 2009, 2008 and 2007 are calculated as follows (in thousands, except per share amounts): 2009 2008 2007 Basic earnings per share: Net income attributable to Republic Services, Inc. $ 495,000 $ 73,800 $ 290,200 Weighted average common shares outstanding 379,749 196,703 190,103 Basic earnings per share $ 1.30 $ 0.38 $ 1.53 Diluted earnings per share: Net income attributable to Republic Services, Inc. $ 495,000 $ 73,800 $ 290,200 Weighted average common shares outstanding 379,749 196,703 190,103 Effect of dilutive securities: Options to purchase common stock 1,172 1,646 1,924 Unvested restricted stock awards 40 2 3 Weighted average common and common equivalent shares outstanding 380,961 198,351 192,030 Diluted earnings per share $ 1.30 $ 0.37 $ 1.51 Antidilutive securities not included in the diluted earnings per share calculations: Options to purchase common stock 9,836 2,179 1,112

Segment Reporting

Segment Reporting
	12 Months Ended Dec. 31, 2009 USD / shares
Segment Reporting [Abstract]
SEGMENT REPORTING	14. SEGMENT REPORTING 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. Summarized financial information concerning our reportable segments for the respective years ended December31, 2009, 2008 and 2007 is shown in the following table: Depreciation, Amortization, Operating Gross Intercompany Net Depletion and Income Capital Revenue Revenue Revenue Accretion (Loss) Expenditures Total Assets 2009: Eastern $ 2,485.9 $ (370.9 ) $ 2,115.0 $ 214.3 $ 483.0 $ 199.1 $ 4,495.1 Midwest 2,185.4 (408.4 ) 1,777.0 225.9 369.1 208.0 3,601.2 Southern 2,371.7 (325.5 ) 2,046.2 233.1 522.9 168.5 4,871.9 Western 2,652.4 (482.4 ) 2,170.0 234.9 582.0 180.5 5,461.2 Corporate entities 123.6 (32.7 ) 90.9 50.3 (367.2 ) 70.2 1,110.9 Total $ 9,819.0 $ (1,619.9 ) $ 8,199.1 $ 958.5 $ 1,589.8 $ 826.3 $ 19,540.3 2008: Eastern $ 1,144.4 $ (154.5 ) $ 989.9 $ 95.1 $ (2.5 ) $ 95.7 $ 4,608.5 Midwest 965.0 (193.3 ) 771.7 96.8 127.6 85.9 4,218.3 Southern 1,095.7 (125.5 ) 970.2 94.8 184.8 111.2 4,957.3 Western 1,161.1 (218.5 ) 942.6 79.7 154.9 75.3 5,705.0 Corporate entities 13.8 (3.1 ) 10.7 11.6 (181.6 ) 18.8 432.3 Total $ 4,380.0 $ (694.9 ) $ 3,685.1 $ 378.0 $ 283.2 $ 386.9 $ 19,921.4 2007: Eastern $ 1,001.2 $ (135.6 ) $ 865

Financial Instruments

Financial Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Financial Instruments [Abstract]
FINANCIAL INSTRUMENTS	15. FINANCIAL INSTRUMENTS Fuel Hedges We have entered into multiple swap agreements designated as cash flow hedges to mitigate some of our exposure related to changes in diesel fuel prices. The swaps 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 December31, 2009 and 2008: Notional Amount (in Gallons Contract Price Inception Date Commencement Date Termination Date per Month) per Gallon 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 our fuel hedges are obtained from third-party counter-parties and are determined using standard option valuation models with assumptions about commodity prices being based on those observed in underlying markets (Level2 in the fair value hierarchy). The aggregated fair values of the outstanding fuel hedges at December31, 2009 and 2008 were current assets of $3.2million and $1.2million, respectively, and current liabilities of $4.9million and $12.9million, respectively, and have been recorded in other current assets and other accrued liabilities in our consolidated balance sheets, respectively. The effective portions of the changes in fair values as of December31, 2009 and 2008, net of tax, of $1.0million and $7.1million, respectively, have been recorded in stockholders equity as components of accumulated other comprehensive income. The ineffective portions of the changes in fair values as of December31, 2009, 2008 and 2007 were immaterial and have been recorded in other income (expense), net in our consolidated statements of income. Realized (losses) gains of $(7.3)million, $5.9million and $(1.6)million related to these fuel hedges are included in cost of operations in o

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES Litigation We are subject to extensive and evolving laws and regulations and have implemented our own safeguards to respond to regulatory requirements. In the normal course of conducting our operations, we may become involved in certain legal and administrative proceedings. Some of these actions may result in fines, penalties or judgments against us, which may impact earnings and cash flows for a particular period. We accrue for legal matters and regulatory compliance contingencies when such costs are probable and can be reasonably estimated. Although the ultimate outcome of any legal matter cannot be predicted with certainty, except as described below or in Note10, Income Taxes, in the discussion of our outstanding tax dispute with the IRS, 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. Litigation, Environmental and Other Administrative Matters 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, we do not believe that the outcome of our pending litigation, environmental and other administrative proceedings will have a material adverse impact on our consolidated financial position, results of operations or cash flows. Countywide Matters 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 related 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, included, 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. Republic-Ohio subsequently received additional orders from the OEPA requiring certain actions to be taken by Republic-Ohio, in addition to or in lieu of requirements contained in prior orders, including additional air quality monitoring and the installation and continued maintenance of gas well dewatering systems. On S

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Selected Quarterly Financial Data (unaudited) [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (unaudited)	17. SELECTED QUARTERLY FINANCIAL DATA (unaudited) The following tables summarize our unaudited consolidated quarterly results of operations as reported for 2009 and 2008: First Second Third Fourth Quarter Quarter Quarter Quarter 2009: Revenue $ 2,060.5 $ 2,066.1 $ 2,073.5 $ 1,999.0 Operating income 353.0 520.7 386.9 329.2 Net income 113.4 226.2 121.0 35.9 Net income attributable to Republic Services, Inc. 113.0 225.9 120.5 35.6 Diluted earnings per common share 0.30 0.59 0.32 0.09 2008: Revenue $ 779.2 $ 827.5 $ 834.0 $ 1,244.4 Operating income (loss) 142.2 85.6 167.0 (111.6 ) Net income (loss) 76.1 40.7 88.7 (131.6 ) Net income (loss) attributable to Republic Services, Inc. 76.1 40.7 88.7 (131.7 ) Diluted earnings per common share 0.41 0.22 0.48 (0.55 ) During 2009, we recorded a number of gains, charges (recoveries) and expenses that impacted our operating income during each of the quarters as follows: First Second Third Fourth Quarter Quarter Quarter Quarter Total Restructuring charges $ 31.3 $ 12.3 $ 12.3 $ 7.3 $ 63.2 Costs to achieve synergies 12.9 10.1 8.9 9.9 41.8 Loss (gain) on disposition of assets and impairments, net 4.9 (150.1 ) 0.9 7.3 (137.0 ) Remediation (recoveries) charges - - (8.9 ) 2.1 (6.8 ) Costs to achieve synergies relate to those incremental costs incurred primarily for a synergy incentive plan as well as other integration costs. In addition, we also recorded a loss on early extinguishment of debt of $31.8million and $102.3million during the three months ended September30, 2009 and December31, 2009, respectively. These losses are associated with premiums paid to repurchase debt, charges for unamortized debt discounts and professional fees paid to effectuate the repurchases. We acquired Allied Waste Industries, Inc. on December5, 2008, and have included all of the operating results of Allied starting on that date in our consolidated financial statements. During 2008, we recorded a number of charges and expenses that impacted our operating income during the quarters as follows: First Second Third Fourth Quarter Quarter Quarte

Condensed Consolidating Financi

Condensed Consolidating Financial Statements
	12 Months Ended Dec. 31, 2009 USD / shares
Condensed Consolidating Financial Statements [Abstract]
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS We are the primary obligor under certain of the Senior Notes issued by us. However, we have no independent assets or operations, and therefore substantially all of our subsidiaries have jointly and severally guaranteed these notes. Each of the subsidiary guarantors are 100% wholly owned subsidiaries of the parent, and all guarantees are full, unconditional and joint and several with respect to principal, interest and liquidated damages, if any. As such, we present condensed consolidating balance sheets as of December31, 2009 and 2008, and condensed consolidating statements of income and cash flows for the years ended December31, 2009, 2008 and 2007 for each of Republic Services, Inc. (Parent), guarantor subsidiaries and the other non-guarantor subsidiaries with any consolidating adjustments. Condensed Consolidating Balance Sheets December31, 2009 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 101.8 $ (62.6 ) $ 8.8 $ - $ 48.0 Accounts receivable, net - 391.6 473.5 - 865.1 Prepaid expenses and other current assets 23.7 15.8 117.0 - 156.5 Deferred tax assets 93.1 92.0 10.2 - 195.3 Total current assets 218.6 436.8 609.5 - 1,264.9 Restricted cash and marketable securities 67.6 85.5 87.4 - 240.5 Property and equipment, net 45.6 6,270.1 342.0 - 6,657.7 Goodwill, net - 10,667.1 - - 10,667.1 Other intangible assets, net 28.9 471.1 - - 500.0 Investment and net advances to affiliate 10,877.3 212.6 145.7 (11,235.6 ) - Other assets 58.3 102.1 49.7 - 210.1 Total assets $ 11,296.3 $ 18,245.3 $ 1,234.3 $ (11,235.6 ) $ 19,540.3 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities: Accounts payable $ 114.0 $ 441.4 $ 37.4 $ - $ 592.8 Notes payable and current maturities of long-term debt - 243.0 300.0 - 543.0 Deferred revenue - 326.7 4.4 - 331.1 Accrued lan

Subsequent Events

Subsequent Events
	12 Months Ended Dec. 31, 2009 USD / shares
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS In the first quarter of 2010, we notified the registered holders of our 6.125%Senior Notes due 2014 (the 6.125%Senior Notes) that we will redeem all of the notes outstanding in March 2010. The 6.125%Senior Notes will be redeemed at a price equal to 102.042% of the principal amount, of which $425.0million is outstanding, plus accrued and unpaid interest. We expect to incur a charge upon extinguishment of the 6.125%Senior Notes of approximately $52million in the first quarter of 2010. We have evaluated subsequent events through February24, 2010. No material subsequent events have occurred since December31, 2009 that required recognition or disclosure in our current period financial statements, other than those discussed.