Item 2.02 Results of Operations and Financial Condition.
On February 22, 2021, Republic Services, Inc. (the Company) issued a press
release containing information about the Company's financial results for the
three months and year ended December 31, 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. The attached earnings press release contains information
about the Company's full-year 2021 guidance.

2021 Financial Guidance
Our guidance is based on current economic conditions and does not assume any
significant changes in the overall economy in 2021.
Diluted earnings per share is expected to be in a range of $3.61 to $3.68 and
adjusted diluted earnings per share is expected to be in a range of $3.65 to
$3.73. Adjusted diluted earnings per share excludes the impact of expected
restructuring charges.
We believe that the presentation of adjusted diluted earnings per share, which
excludes restructuring charges, provides an understanding of operational
activities before the financial impact of certain items. We use this measure,
and believe investors will find it helpful, in understanding the ongoing
performance of our operations separate from items that have a disproportionate
impact on our results for a particular period. We have incurred comparable
charges and costs in prior periods, and similar types of adjustments can
reasonably be expected to be recorded in future periods. Our definition of
adjusted diluted earnings per share may not be comparable to similarly titled
measures presented by other companies.
Cash provided by operating activities for 2021 is expected to be in a range of
$2,450 million and $2,570 million. Adjusted free cash flow for 2021 is expected
to be in a range of $1,300 million to $1,375 million. Adjusted free cash flow
consists of cash provided by operating activities, less property and equipment
received which is expected to be in a range of $1,175 million to $1,225 million,
plus proceeds from the sale of property and equipment of $15 million, and is
exclusive of cash paid for restructuring activities of between $10 million to
$15 million, 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. 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 February 22, 2021 to announce the


                             financial results for the three months and

year ended December 31, 2020.


         104                 Cover Page Interactive Data File - the cover

page XBRL tags are embedded within


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