Item 2.02 Results of Operations and Financial Condition.
On July 29, 2021, 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, 2021. 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.
Item 7.01 Regulation FD Disclosure.
Full-Year 2021 Adjusted Earnings Per Share and Adjusted Free Cash Flow Guidance
Our guidance is based on current economic conditions and assumes continued
gradual improvement in economic activity through the remainder of 2021.
The Company raised its full-year diluted earnings per share guidance and expects
to be in a range of $3.91 to $3.96 and adjusted diluted earnings per share is
expected to be in a range of $4.00 to $4.05. Adjusted diluted earnings per share
excludes the impact of restructuring charges, (loss) gain on business
divestitures, net of impairments, and accelerated vesting of compensation
expense for the transition of our chief executive officer.
We believe that the presentation of adjusted diluted earnings per share 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, costs and recoveries 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 is expected to be in a range of $2,650
million to $2,700 million for the full year. Adjusted free cash flow for 2021 is
expected to be in a range of $1,450 million to $1,475 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 $1,230 million to
$1,255 million, plus proceeds from the sale of property and equipment of $15
million and is exclusive of cash paid for restructuring activities of
approximately $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 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 8.01 Other Events.
On July 29, 2021, the Company issued a press release announcing that its board
of directors approved an increase in the quarterly dividend from $0.425 per
share to $0.46 per share, which represents an increase of approximately 8
percent. A copy of this press release is filed as Exhibit 99.2 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

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

issued July 29, 2021 to announce the


                             financial results for the three and six months 

ended June 30, 2021.


         99.2                Press release of Republic Services, Inc.

issued July 29, 2021 to announce the


                             board of directors' approval of an 8 percent 

increase in the Company's regular


                             quarterly dividend to $0.46 per share.
         104                 Cover Page Interactive Data File - the cover 

page XBRL tags are embedded within


                             the Inline XBRL document.



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