Investor Presentaiton
EBITDA
Reconciliation of Non-GAAP Measures
FY 2019
FY 2020
FY 2021
Adjusted EBITDA: ($ in millions)
Net income attributable to Republic Services, Inc.
Net income attributable to non-controlling interests
Provision for income taxes
Other income, net
Interest income
Interest expense
Depreciation, amortization and depletion
Accretion
$1,073.3
$967.2
$1,290.4
0.5
2.4
1.9
222.0
173.1
282.8
(6.4)
(4.1)
0.5
(6.4)
(5.2)
(2.5)
392.0
355.6
314.6
1,040.5
1,075.9
1,185.5
81.9
82.9
82.7
Loss from unconsolidated equity method investment
Loss on extinguishment of debt and other related costs
Restructuring charges
112.2
118.2
188.5
0.0
101.9
0.0
14.2
20.0
16.6
Loss (gain) on business divestitures and impairments, net
(14.7)
77.7
0.5
Incremental contract startup costs - large municipal contract
Fire-damage related costs
0.7
0.0
0.0
7.7
0.0
0.0
Withdrawal costs - multiemployer pension
0.0
34.5
0.0
Accelerated vesting of compensation expense for CEO transition
0.0
0.0
22.0
Bridgeton insurance recovery
(24.0)
(10.8)
0.0
Adjusted EBITDA
$2,893.5
$2,989.3
$3,383.5
27 | Investor Presentation
REPUBLIC
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