| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by operating activities: | ||||||||||||
Net income | ||||||||||||
1,073,800 | 1,037,600 | 1,279,000 | 613,200 | 750,400 | 547,900 | 589,100 | 572,100 | 588,900 | 507,500 | 496,500 | 73,900 | 290,200 |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||||||||
Depreciation, amortization, depletion and accretion | ||||||||||||
1,122,400 | 1,114,100 | 1,116,100 | 1,070,200 | 1,050,000 | 984,900 | 954,000 | 926,900 | 921,600 | 914,200 | 520,600 | 222,600 | 188,900 |
Excess income tax benefit from stock-based compensation activity | ||||||||||||
- | - | - | - | - | 4,900 | 6,700 | 4,100 | 9,200 | -300 | 2,500 | -2,800 | 7,900 |
Non-cash interest expense | ||||||||||||
48,800 | 41,200 | 43,600 | 53,400 | 47,100 | 44,800 | 47,500 | 58,400 | 75,400 | 100,500 | - | - | - |
Restructuring related charges | ||||||||||||
14,200 | 26,400 | 17,600 | 40,700 | 0 | 1,800 | 8,600 | 11,100 | 0 | -2,000 | 34,000 | - | 0 |
Landfill depletion and amortization | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 278,500 | 119,700 | 110,100 |
Amortization of intangible and other assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 70,600 | 11,800 | 6,500 |
Accretion | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 88,800 | 23,900 | 17,100 |
Non-cash interest expense - debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 92,100 | 10,100 | 500 |
Non-cash interest expense - other | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 58,100 | 500 | 0 |
Stock-based compensation | ||||||||||||
39,500 | 39,000 | 34,600 | 23,200 | 18,900 | 17,400 | 19,200 | 21,200 | 20,600 | 24,500 | 15,000 | 24,000 | 10,900 |
Deferred tax provision | ||||||||||||
166,100 | 152,100 | -379,000 | 47,200 | 116,700 | -9,000 | -38,500 | 83,900 | 334,800 | 61,300 | -24,600 | -30,400 | 27,800 |
Additions charged to expense | ||||||||||||
34,000 | 34,800 | 30,600 | 20,400 | 22,700 | 22,600 | 16,100 | 29,700 | 21,000 | 23,600 | 27,300 | 36,500 | 3,900 |
Asset impairments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 7,100 | 89,800 | 0 |
Loss on extinguishment of debt | ||||||||||||
0 | -300 | -800 | -196,200 | 0 | -1,400 | -2,100 | -112,600 | -210,800 | -160,800 | -134,100 | - | 0 |
Gain on disposition of assets and asset impairments, net | ||||||||||||
13,800 | 58,900 | 29,500 | -300 | 1,600 | 14,700 | 11,000 | 14,100 | -6,100 | -3,900 | - | 1,400 | -13,800 |
Withdrawal costs - multiemployer pension funds | ||||||||||||
0 | 0 | 1,200 | 5,600 | 4,500 | 0 | 140,700 | - | - | - | - | - | - |
Environmental adjustments | ||||||||||||
-11,900 | 5,000 | 400 | 2,000 | -1,600 | 233,200 | 83,700 | 62,400 | 3,600 | 17,900 | - | - | - |
Loss from unconsolidated equity method investment | ||||||||||||
-112,200 | -35,800 | -27,400 | 6,100 | 0 | 0 | - | - | - | - | - | - | - |
Other non-cash items | ||||||||||||
5,600 | -600 | 1,200 | 25,500 | 10,700 | - | - | - | - | - | 100 | 7,300 | 1,200 |
Change in assets and liabilities, net of effects from business acquisitions and divestitures: | ||||||||||||
Accounts receivable | ||||||||||||
38,300 | 29,600 | 118,900 | 52,300 | 15,700 | 54,300 | 61,600 | 37,200 | 16,000 | -8,800 | -53,100 | -21,100 | -13,600 |
Prepaid expenses and other assets | ||||||||||||
109,700 | 152,500 | 36,400 | 1,100 | 8,700 | 41,300 | 11,400 | 13,900 | 5,100 | 76,600 | 11,900 | -15,800 | -17,300 |
Accounts payable | ||||||||||||
6,400 | 85,900 | 21,700 | -9,800 | 35,600 | 3,300 | 37,900 | -49,600 | 11,900 | -34,900 | -6,900 | -164,500 | - |
Restructuring expenditures | ||||||||||||
10,600 | 24,700 | 18,600 | 32,500 | 0 | 1,300 | 15,800 | 70,300 | 3,000 | 20,000 | 66,500 | - | 0 |
Capping, closure and post-closure expenditures | ||||||||||||
-78,200 | -71,900 | -62,700 | -77,400 | -88,400 | -54,600 | -85,600 | -77,600 | -105,700 | -111,300 | -100,900 | 27,900 | -14,700 |
Accounts payable and accrued liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 2,900 |
Remediation expenditures | ||||||||||||
49,100 | 48,800 | 54,800 | 66,800 | 80,000 | 99,400 | 122,500 | 73,100 | 45,000 | 50,500 | 56,200 | 43,300 | -29,000 |
Gain on disposition of assets, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 147,100 | - | - |
Withdrawal expenditures - multiemployer pension funds | ||||||||||||
- | - | - | - | -153,500 | -15,900 | 0 | 30,700 | 0 | 0 | - | - | - |
Other liabilities | ||||||||||||
51,900 | 25,300 | 38,800 | 34,700 | -6,000 | -32,100 | 2,400 | -55,300 | -244,000 | -94,300 | -62,600 | 119,900 | 81,800 |
Proceeds from retirement of certain hedging relationships | ||||||||||||
0 | 31,100 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Cash provided by operating activities | ||||||||||||
2,352,100 | 2,242,800 | 1,910,700 | 1,847,800 | 1,679,700 | 1,529,800 | 1,548,200 | 1,513,800 | 1,766,700 | 1,433,700 | 1,396,500 | 512,200 | 661,300 |
Cash used in investing activities: | ||||||||||||
Purchases of property and equipment | ||||||||||||
1,207,100 | 1,071,800 | 989,800 | 927,800 | 945,600 | 862,500 | 880,800 | 903,500 | 936,500 | 794,700 | 826,300 | 386,900 | 292,500 |
Proceeds from sales of property and equipment | ||||||||||||
21,700 | 31,600 | 6,100 | 9,800 | 21,200 | 35,700 | 23,900 | 28,700 | 34,600 | 37,400 | 31,800 | 8,200 | 6,100 |
Cash used in acquisitions and investments, net of cash and restricted cash acquired | ||||||||||||
575,100 | 277,300 | 351,800 | 62,400 | 572,700 | 195,700 | 68,700 | 95,300 | 42,600 | 58,900 | 100 | 553,800 | 4,400 |
Cash received from (used in) business divestitures | ||||||||||||
42,800 | 89,200 | 4,700 | 15,000 | 0 | 0 | 2,700 | 9,600 | 14,200 | 60,000 | 511,100 | 3,300 | 42,100 |
Purchases of restricted marketable securities | ||||||||||||
14,700 | 38,200 | 18,500 | 29,900 | - | - | - | - | - | - | - | - | - |
Sales of restricted marketable securities | ||||||||||||
13,500 | 37,700 | 18,100 | 32,100 | - | - | - | - | - | - | - | - | - |
Change in restricted cash and marketable securities | ||||||||||||
- | - | - | - | -15,300 | -70,800 | 5,500 | -23,200 | 16,800 | -66,300 | -41,600 | 5,300 | 11,600 |
Other | ||||||||||||
100 | 300 | -1,000 | 1,300 | 1,000 | 8,100 | 5,500 | 200 | 3,100 | 600 | 600 | 200 | 0 |
Cash used in investing activities | ||||||||||||
-1,719,000 | -1,229,100 | -1,330,200 | -964,500 | -1,482,800 | -959,800 | -933,900 | -937,500 | -950,200 | -690,500 | -242,500 | -934,700 | -260,300 |
Cash provided by (used in) financing activities: | ||||||||||||
Proceeds from notes payable and long-term debt, net of fees | ||||||||||||
4,746,500 | 4,347,600 | 4,791,100 | 3,911,400 | 918,400 | 1,383,300 | 1,219,200 | 2,771,400 | 1,416,400 | 1,193,500 | 1,472,600 | 1,453,400 | 313,500 |
Proceeds from issuance of senior notes, net of discount and fees | ||||||||||||
891,100 | 781,800 | 641,500 | 489,400 | 497,900 | 0 | 0 | 847,600 | 1,844,900 | 1,499,400 | 1,245,400 | - | 0 |
Payments of notes payable and long-term debt and senior notes | ||||||||||||
5,327,900 | 5,000,700 | 4,922,800 | 4,307,100 | 915,700 | 1,398,400 | 1,278,100 | 3,568,200 | 3,224,500 | 3,090,300 | 3,583,900 | 740,600 | 302,400 |
Premiums paid on extinguishment of debt | ||||||||||||
- | - | - | 176,900 | 0 | 0 | - | 25,800 | 89,600 | 30,400 | 47,300 | - | 0 |
Fees paid to retire and issue senior notes and retire certain hedging relationships | ||||||||||||
- | - | - | - | 3,200 | 4,000 | 1,600 | 17,500 | 58,800 | 26,200 | 14,300 | - | 0 |
Issuances of common stock, net | ||||||||||||
9,300 | 23,200 | 36,900 | 49,700 | 65,900 | 88,600 | 150,800 | 70,400 | 40,700 | 86,500 | 39,600 | 24,600 | 31,300 |
Excess income tax benefit from stock-based compensation activity | ||||||||||||
- | - | - | - | - | 4,300 | 3,800 | 1,900 | 2,500 | 3,500 | 2,500 | 4,500 | 6,000 |
Payment for deferred stock units | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,000 | 0 |
Equity issuance cost | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,800 | 0 |
Purchases of common stock for treasury | ||||||||||||
399,400 | 736,900 | 610,700 | 403,800 | 404,700 | 400,600 | 214,100 | 325,600 | 460,700 | 43,100 | 1,000 | 138,400 | 362,800 |
Cash dividends paid | ||||||||||||
491,200 | 461,800 | 440,500 | 418,900 | 399,300 | 378,600 | 348,500 | 329,100 | 309,400 | 294,600 | 288,300 | 128,300 | 93,900 |
Distributions paid to non-controlling interests in consolidated subsidiary | ||||||||||||
200 | 600 | 700 | 700 | 500 | 400 | 200 | 0 | 0 | 1,200 | - | - | - |
Contingent consideration payments | ||||||||||||
17,200 | 12,100 | 9,200 | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||
- | - | - | 100 | 1,500 | -2,300 | 100 | -100 | - | - | - | - | - |
Cash used in financing activities | ||||||||||||
-589,000 | -1,059,500 | -514,400 | -856,800 | -239,700 | -708,100 | -468,600 | -575,000 | -838,500 | -702,900 | -1,174,700 | 469,400 | -408,300 |
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | ||||||||||||
44,100 | -45,800 | 66,100 | 26,500 | -42,800 | -138,100 | 145,700 | 1,300 | -22,000 | 40,300 | -20,700 | 46,900 | -7,300 |