Item 2.02 Results of Operations and Financial Condition.
On August 6, 2020, Republic Services, Inc. (the Company) issued a press release
containing information about the Company's financial results for the three and
six months ended June 30, 2020. A copy of this press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
2020 Financial Guidance
Our guidance assumes continued gradual improvement in economic activity through
the remainder of the year.
Cash provided by operating activities for 2020 is expected to be in a range of
$2,145 million and $2,295 million. Adjusted free cash flow for 2020 is expected
to be in a range of $1,100 million to $1,175 million. Adjusted free cash flow
consists of cash provided by operating activities, less property and equipment
received of between $1,075 million to $1,150 million, plus proceeds from the
sale of property and equipment of $15 million and is exclusive of cash paid for
restructuring activities of $14 million, net of tax, payments for multiemployer
pension withdrawal costs of $25 million, net of tax, divestiture related tax
payments of $2 million and $26 million related to the Bridgeton insurance
recovery, net of tax.
We believe that presenting adjusted free cash flow guidance provides useful
information regarding our recurring cash provided by operating activities after
certain expenditures or recoveries. It also demonstrates our ability to execute
our financial strategy and is a key metric we use to determine compensation. The
presentation of adjusted free cash flow has material limitations. Adjusted free
cash flow does not represent our cash flow available for discretionary
expenditures because it excludes certain expenditures that are required or to
which we have committed, such as debt service requirements and dividend
payments. Our definition of adjusted free cash flow may not be comparable to
similarly titled measures presented by other companies.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

     Exhibit No.            Description
        99.1                Press release of Republic Services, Inc. issued

August 6, 2020 to announce the


                            financial results for the three and six months

ended June 30, 2020.


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