v2.4.0.6

Condensed Consolidating Financial Statements | 12 Months Ended
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Dec. 31, 2011
Condensed Consolidating Financial Statements [Abstract] |
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | 18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS We are the primary obligor under certain of the Senior Notes issued by us. However, we have no independent assets or operations, and therefore substantially all of our subsidiaries have jointly and severally guaranteed these notes. All of the subsidiary guarantors are 100% direct or indirect wholly owned subsidiaries of the parent, and all guarantees are full, unconditional and joint and several, except for certain customary circumstances as provided by the indenture. Thus, we present condensed consolidating balance sheets as of December 31, 2011 and 2010, and condensed consolidating statements of income, comprehensive income and cash flows for the years ended December 31, 2011, 2010 and 2009 for each of Republic Services, Inc. (Parent), guarantor subsidiaries and the other non-guarantor subsidiaries with any consolidating adjustments based upon the guarantor and non-guarantor subsidiaries as of December 31, 2011. Condensed Consolidating Balance Sheets
|  | December 31, 2011 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9.6 |  |  | $ | 53.9 |  |  | $ | 2.8 |  |  | $ | - |  |  | $ | 66.3 |
Accounts receivable, net |  |  | - |  |  |  | 765.2 |  |  |  | 60.6 |  |  |  | - |  |  |  | 825.8 |
Prepaid expenses and other current assets |  |  | 100.3 |  |  |  | 92.6 |  |  |  | 23.0 |  |  |  | - |  |  |  | 215.9 |
Deferred tax assets |  |  | 147.5 |  |  |  | - |  |  |  | 10.2 |  |  |  | - |  |  |  | 157.7 |
Total current assets |  |  | 257.4 |  |  |  | 911.7 |  |  |  | 96.6 |  |  |  | - |  |  |  | 1,265.7 |
Restricted cash and marketable securities |  |  | 51.9 |  |  |  | 49.5 |  |  |  | 88.2 |  |  |  | - |  |  |  | 189.6 |
Property and equipment, net |  |  | 55.8 |  |  |  | 6,234.0 |  |  |  | 502.5 |  |  |  | - |  |  |  | 6,792.3 |
Goodwill |  |  | - |  |  |  | 10,647.0 |  |  |  | - |  |  |  | - |  |  |  | 10,647.0 |
Other intangible assets, net |  |  | 15.3 |  |  |  | 394.3 |  |  |  | - |  |  |  | - |  |  |  | 409.6 |
Investment and net advances to affiliate |  |  | 15,044.0 |  |  |  | 70.2 |  |  |  | 152.5 |  |  |  | (15,266.7 | ) |  |  | - |
Other assets |  |  | 105.7 |  |  |  | 82.9 |  |  |  | 58.7 |  |  |  | - |  |  |  | 247.3 |
Total assets |  | $ | 15,530.1 |  |  | $ | 18,389.6 |  |  | $ | 898.5 |  |  | $ | (15,266.7 | ) |  | $ | 19,551.5 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 239.3 |  |  | $ | 305.5 |  |  | $ | 18.8 |  |  | $ | - |  |  | $ | 563.6 |
Notes payable and current maturities of long-term debt |  |  | 25.6 |  |  |  | 7.6 |  |  |  | 1.6 |  |  |  | - |  |  |  | 34.8 |
Deferred revenue |  |  | - |  |  |  | 288.5 |  |  |  | 1.7 |  |  |  | - |  |  |  | 290.2 |
Accrued landfill and environmental costs, current portion |  |  | - |  |  |  | 184.2 |  |  |  | - |  |  |  | - |  |  |  | 184.2 |
Accrued interest |  |  | 61.8 |  |  |  | 10.4 |  |  |  | - |  |  |  | - |  |  |  | 72.2 |
Other accrued liabilities |  |  | 393.1 |  |  |  | 187.0 |  |  |  | 172.4 |  |  |  | - |  |  |  | 752.5 |
Total current liabilities |  |  | 719.8 |  |  |  | 983.2 |  |  |  | 194.5 |  |  |  | - |  |  |  | 1,897.5 |
Long-term debt, net of current maturities |  |  | 5,871.1 |  |  |  | 1,002.8 |  |  |  | 13.1 |  |  |  | - |  |  |  | 6,887.0 |
Accrued landfill and environmental costs, net of current portion |  |  | - |  |  |  | 1,127.9 |  |  |  | 268.6 |  |  |  | - |  |  |  | 1,396.5 |
Deferred income taxes and other long-term tax liabilities |  |  | 1,169.6 |  |  |  | - |  |  |  | (8.5 | ) |  |  | - |  |  |  | 1,161.1 |
Self-insurance reserves, net of current portion |  |  | - |  |  |  | 72.6 |  |  |  | 231.3 |  |  |  | - |  |  |  | 303.9 |
Other long-term liabilities |  |  | 88.3 |  |  |  | 75.8 |  |  |  | 58.0 |  |  |  | - |  |  |  | 222.1 |
Commitments and contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 4.0 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4.0 |
Other equity |  |  | 7,677.3 |  |  |  | 15,127.3 |  |  |  | 139.4 |  |  |  | (15,266.7 | ) |  |  | 7,677.3 |
Total Republic Services, Inc. stockholders’ equity |  |  | 7,681.3 |  |  |  | 15,127.3 |  |  |  | 139.4 |  |  |  | (15,266.7 | ) |  |  | 7,681.3 |
Noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 2.1 |  |  |  | - |  |  |  | 2.1 |
Total stockholders’ equity |  |  | 7,681.3 |  |  |  | 15,127.3 |  |  |  | 141.5 |  |  |  | (15,266.7 | ) |  |  | 7,683.4 |
Total liabilities and stockholders’ equity |  | $ | 15,530.1 |  |  | $ | 18,389.6 |  |  | $ | 898.5 |  |  | $ | (15,266.7 | ) |  | $ | 19,551.5 |
Condensed Consolidating Balance Sheets
|  | December 31, 2010 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 14.5 |  |  | $ | 70.5 |  |  | $ | 3.3 |  |  | $ | - |  |  | $ | 88.3 |
Accounts receivable, net |  |  | - |  |  |  | 762.2 |  |  |  | 66.7 |  |  |  | - |  |  |  | 828.9 |
Prepaid expenses and other current assets |  |  | 112.0 |  |  |  | 72.4 |  |  |  | 23.0 |  |  |  | - |  |  |  | 207.4 |
Deferred tax assets |  |  | 111.2 |  |  |  | 0.1 |  |  |  | 10.2 |  |  |  | - |  |  |  | 121.5 |
Total current assets |  |  | 237.7 |  |  |  | 905.2 |  |  |  | 103.2 |  |  |  | - |  |  |  | 1,246.1 |
Restricted cash and marketable securities |  |  | 39.8 |  |  |  | 47.1 |  |  |  | 85.9 |  |  |  | - |  |  |  | 172.8 |
Property and equipment, net |  |  | 47.2 |  |  |  | 6,154.7 |  |  |  | 496.6 |  |  |  | - |  |  |  | 6,698.5 |
Goodwill |  |  | - |  |  |  | 10,655.3 |  |  |  | - |  |  |  | - |  |  |  | 10,655.3 |
Other intangible assets, net |  |  | 21.8 |  |  |  | 429.5 |  |  |  | - |  |  |  | - |  |  |  | 451.3 |
Investment and net advances to affiliate |  |  | 13,513.9 |  |  |  | 58.1 |  |  |  | 149.1 |  |  |  | (13,721.1 | ) |  |  | - |
Other assets |  |  | 88.2 |  |  |  | 94.7 |  |  |  | 55.0 |  |  |  | - |  |  |  | 237.9 |
Total assets |  | $ | 13,948.6 |  |  | $ | 18,344.6 |  |  | $ | 889.8 |  |  | $ | (13,721.1 | ) |  | $ | 19,461.9 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 89.7 |  |  | $ | 492.2 |  |  | $ | 24.6 |  |  | $ | - |  |  | $ | 606.5 |
Notes payable and current maturities of long-term debt |  |  | 392.2 |  |  |  | 484.7 |  |  |  | 1.6 |  |  |  | - |  |  |  | 878.5 |
Deferred revenue |  |  | - |  |  |  | 293.3 |  |  |  | 1.8 |  |  |  | - |  |  |  | 295.1 |
Accrued landfill and environmental costs, current portion |  |  | - |  |  |  | 182.0 |  |  |  | - |  |  |  | - |  |  |  | 182.0 |
Accrued interest |  |  | 61.4 |  |  |  | 31.7 |  |  |  | - |  |  |  | - |  |  |  | 93.1 |
Other accrued liabilities |  |  | 222.3 |  |  |  | 196.7 |  |  |  | 202.3 |  |  |  | - |  |  |  | 621.3 |
Total current liabilities |  |  | 765.6 |  |  |  | 1,680.6 |  |  |  | 230.3 |  |  |  | - |  |  |  | 2,676.5 |
Long-term debt, net of current maturities |  |  | 4,090.8 |  |  |  | 1,761.1 |  |  |  | 13.2 |  |  |  | - |  |  |  | 5,865.1 |
Accrued landfill and environmental costs, net of current portion |  |  | - |  |  |  | 1,148.2 |  |  |  | 268.4 |  |  |  | - |  |  |  | 1,416.6 |
Deferred income taxes and other long-term tax liabilities |  |  | 1,053.3 |  |  |  | - |  |  |  | (8.5 | ) |  |  | - |  |  |  | 1,044.8 |
Self-insurance reserves, net of current portion |  |  | - |  |  |  | 97.8 |  |  |  | 206.7 |  |  |  | - |  |  |  | 304.5 |
Other long-term liabilities |  |  | 192.4 |  |  |  | 58.7 |  |  |  | 54.4 |  |  |  | - |  |  |  | 305.5 |
Commitments and contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 4.0 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4.0 |
Other equity |  |  | 7,842.5 |  |  |  | 13,598.2 |  |  |  | 122.9 |  |  |  | (13,721.1 | ) |  |  | 7,842.5 |
Total Republic Services, Inc. stockholders’ equity |  |  | 7,846.5 |  |  |  | 13,598.2 |  |  |  | 122.9 |  |  |  | (13,721.1 | ) |  |  | 7,846.5 |
Noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 2.4 |  |  |  | - |  |  |  | 2.4 |
Total stockholders’ equity |  |  | 7,846.5 |  |  |  | 13,598.2 |  |  |  | 125.3 |  |  |  | (13,721.1 | ) |  |  | 7,848.9 |
Total liabilities and stockholders’ equity |  | $ | 13,948.6 |  |  | $ | 18,344.6 |  |  | $ | 889.8 |  |  | $ | (13,721.1 | ) |  | $ | 19,461.9 |
Condensed Consolidating Statements of Income
|  | Year Ended December 31, 2011 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | - |  |  | $ | 7,863.6 |  |  | $ | 401.0 |  |  | $ | (71.7 | ) |  | $ | 8,192.9 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 8.6 |  |  |  | 4,592.5 |  |  |  | 335.7 |  |  |  | (71.7 | ) |  |  | 4,865.1 |
Depreciation, amortization and depletion |  |  | 22.9 |  |  |  | 777.4 |  |  |  | 43.3 |  |  |  | - |  |  |  | 843.6 |
Accretion |  |  | - |  |  |  | 77.2 |  |  |  | 0.8 |  |  |  | - |  |  |  | 78.0 |
Selling, general and administrative |  |  | 154.5 |  |  |  | 636.2 |  |  |  | 34.7 |  |  |  | - |  |  |  | 825.4 |
(Gain) loss on disposition of assets and impairments, net |  |  | (1.1 | ) |  |  | 29.2 |  |  |  | - |  |  |  | - |  |  |  | 28.1 |
Operating (loss) income |  |  | (184.9 | ) |  |  | 1,751.1 |  |  |  | (13.5 | ) |  |  | - |  |  |  | 1,552.7 |
Interest expense |  |  | (274.5 | ) |  |  | (165.8 | ) |  |  | 0.1 |  |  |  | - |  |  |  | (440.2 | )
Loss on extinguishment of debt |  |  | (1.9 | ) |  |  | (208.9 | ) |  |  | - |  |  |  | - |  |  |  | (210.8 | )
Interest income |  |  | (7.4 | ) |  |  | (5.9 | ) |  |  | 13.6 |  |  |  | - |  |  |  | 0.3 |
Other (expense) income, net |  |  | (19.8 | ) |  |  | 22.5 |  |  |  | 1.6 |  |  |  | - |  |  |  | 4.3 |
Equity in earnings of subsidiaries |  |  | 940.2 |  |  |  | 10.9 |  |  |  | 3.4 |  |  |  | (954.5 | ) |  |  | - |
Intercompany interest income (expense) |  |  | (109.4 | ) |  |  | 39.6 |  |  |  | 69.8 |  |  |  | - |  |  |  | - |
Income before income taxes |  |  | 342.3 |  |  |  | 1,443.5 |  |  |  | 75.0 |  |  |  | (954.5 | ) |  |  | 906.3 |
(Benefit) provision for income taxes |  |  | (246.9 | ) |  |  | 536.6 |  |  |  | 27.7 |  |  |  | - |  |  |  | 317.4 |
Net income |  |  | 589.2 |  |  |  | 906.9 |  |  |  | 47.3 |  |  |  | (954.5 | ) |  |  | 588.9 |
Net income attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 0.3 |  |  |  | - |  |  |  | 0.3 |
Net income attributable to Republic Services, Inc. |  | $ | 589.2 |  |  | $ | 906.9 |  |  | $ | 47.6 |  |  | $ | (954.5 | ) |  | $ | 589.2 |
Condensed Consolidating Statements of Comprehensive Income
|  | Year Ended December 31, 2011 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Net income |  | $ | 589.2 |  |  | $ | 906.9 |  |  | $ | 47.3 |  |  | $ | (954.5 | ) |  | $ | 588.9 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlements |  |  | (25.3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (25.3 | )
Realized losses reclassified into earnings |  |  | 4.9 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4.9 |
Unrealized gains (loss) |  |  | 1.3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1.3 |
Pension Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in funded status of pension plan obligations |  |  | - |  |  |  | (20.7 | ) |  |  | - |  |  |  | - |  |  |  | (20.7 | )
Gains related to pension settlement reclassified to earnings |  |  | - |  |  |  | (3.6 | ) |  |  | - |  |  |  | - |  |  |  | (3.6 | )
Other comprehensive (loss) income , net of tax |  |  | (19.1 | ) |  |  | (24.3 | ) |  |  | - |  |  |  | - |  |  |  | (43.4 | )
Comprehensive income |  |  | 570.1 |  |  |  | 882.6 |  |  |  | 47.3 |  |  |  | (954.5 | ) |  |  | 545.5 |
Comprehensive loss (income) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 0.3 |  |  |  | - |  |  |  | 0.3 |
Comprehensive income attributable to Republic Services, Inc. |  | $ | 570.1 |  |  | $ | 882.6 |  |  | $ | 47.6 |  |  | $ | (954.5 | ) |  | $ | 545.8 |
Condensed Consolidating Statements of Income
|  | Year Ended December 31, 2010 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | - |  |  | $ | 7,752.8 |  |  | $ | 423.1 |  |  | $ | (69.3 | ) |  | $ | 8,106.6 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 3.1 |  |  |  | 4,469.0 |  |  |  | 362.0 |  |  |  | (69.3 | ) |  |  | 4,764.8 |
Depreciation, amortization and depletion |  |  | 21.6 |  |  |  | 772.6 |  |  |  | 39.5 |  |  |  | - |  |  |  | 833.7 |
Accretion |  |  | - |  |  |  | 76.8 |  |  |  | 3.7 |  |  |  | - |  |  |  | 80.5 |
Selling, general and administrative |  |  | 198.5 |  |  |  | 626.9 |  |  |  | 32.6 |  |  |  | - |  |  |  | 858.0 |
Loss on disposition of assets and impairments, net |  |  | 1.6 |  |  |  | 17.5 |  |  |  | - |  |  |  | - |  |  |  | 19.1 |
Restructuring charges |  |  | - |  |  |  | 11.4 |  |  |  | - |  |  |  | - |  |  |  | 11.4 |
Operating (loss) income |  |  | (224.8 | ) |  |  | 1,778.6 |  |  |  | (14.7 | ) |  |  | - |  |  |  | 1,539.1 |
Interest expense |  |  | (207.7 | ) |  |  | (297.5 | ) |  |  | (2.2 | ) |  |  | - |  |  |  | (507.4 | )
Loss on extinguishment of debt |  |  | (4.7 | ) |  |  | (155.9 | ) |  |  | (0.2 | ) |  |  | - |  |  |  | (160.8 | )
Interest income |  |  | (6.3 | ) |  |  | (5.1 | ) |  |  | 12.1 |  |  |  | - |  |  |  | 0.7 |
Other (expense) income, net |  |  | (7.5 | ) |  |  | 13.3 |  |  |  | (0.4 | ) |  |  | - |  |  |  | 5.4 |
Equity in earnings of subsidiaries |  |  | 437.2 |  |  |  | 18.6 |  |  |  | 3.4 |  |  |  | (459.2 | ) |  |  | - |
Intercompany interest income (expense) |  |  | 569.6 |  |  |  | (630.3 | ) |  |  | 60.7 |  |  |  | - |  |  |  | - |
Income before income taxes |  |  | 555.8 |  |  |  | 721.7 |  |  |  | 58.7 |  |  |  | (459.2 | ) |  |  | 877.0 |
Provision for income taxes |  |  | 49.3 |  |  |  | 298.5 |  |  |  | 21.7 |  |  |  | - |  |  |  | 369.5 |
Net income |  |  | 506.5 |  |  |  | 423.2 |  |  |  | 37.0 |  |  |  | (459.2 | ) |  |  | 507.5 |
Net income attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (1.0 | ) |  |  | - |  |  |  | (1.0 | )
Net income attributable to Republic Services, Inc. |  | $ | 506.5 |  |  | $ | 423.2 |  |  | $ | 36.0 |  |  | $ | (459.2 | ) |  | $ | 506.5 |
Condensed Consolidating Statements of Comprehensive Income
|  | Year Ended December 31, 2010 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Net income |  | $ | 506.5 |  |  | $ | 423.2 |  |  | $ | 37.0 |  |  | $ | (459.2 | ) |  | $ | 507.5 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlements |  |  | (7.3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (7.3 | )
Realized losses reclassified into earnings |  |  | 3.9 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3.9 |
Unrealized gains (losses) |  |  | (2.4 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2.4 | )
Pension Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in funded status of pension plan obligations |  |  | - |  |  |  | 8.7 |  |  |  | - |  |  |  | - |  |  |  | 8.7 |
Other comprehensive (loss) income, net of tax |  |  | (5.8 | ) |  |  | 8.7 |  |  |  | - |  |  |  | - |  |  |  | 2.9 |
Comprehensive income |  |  | 500.7 |  |  |  | 431.9 |  |  |  | 37.0 |  |  |  | (459.2 | ) |  |  | 510.4 |
Comprehensive loss (income) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (1.0 | ) |  |  | - |  |  |  | (1.0 | )
Comprehensive income attributable to Republic Services, Inc. |  | $ | 500.7 |  |  | $ | 431.9 |  |  | $ | 36.0 |  |  | $ | (459.2 | ) |  | $ | 509.4 |
Condensed Consolidating Statements of Income
|  | Year Ended December 31, 2009 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | - |  |  | $ | 7,830.0 |  |  | $ | 444.3 |  |  | $ | (75.2 | ) |  | $ | 8,199.1 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 3.8 |  |  |  | 4,601.9 |  |  |  | 313.7 |  |  |  | (75.2 | ) |  |  | 4,844.2 |
Depreciation, amortization and depletion |  |  | 14.6 |  |  |  | 833.8 |  |  |  | 21.3 |  |  |  | - |  |  |  | 869.7 |
Accretion |  |  | 0.1 |  |  |  | 86.0 |  |  |  | 2.7 |  |  |  | - |  |  |  | 88.8 |
Selling, general and administrative |  |  | 184.9 |  |  |  | 653.1 |  |  |  | 42.4 |  |  |  | - |  |  |  | 880.4 |
Loss (gain) on disposition of assets and impairments, net |  |  | 12.0 |  |  |  | (149.0 | ) |  |  | - |  |  |  | - |  |  |  | (137.0 | )
Restructuring charges |  |  | - |  |  |  | 63.2 |  |  |  | - |  |  |  | - |  |  |  | 63.2 |
Operating (loss) income |  |  | (215.4 | ) |  |  | 1,741.0 |  |  |  | 64.2 |  |  |  | - |  |  |  | 1,589.8 |
Interest expense |  |  | (99.7 | ) |  |  | (493.8 | ) |  |  | (2.4 | ) |  |  | - |  |  |  | (595.9 | )
Loss on extinguishment of debt |  |  | (7.0 | ) |  |  | (127.1 | ) |  |  | - |  |  |  | - |  |  |  | (134.1 | )
Interest income |  |  | (2.4 | ) |  |  | (2.1 | ) |  |  | 6.5 |  |  |  | - |  |  |  | 2.0 |
Other (expense) income, net |  |  | (0.7 | ) |  |  | 1.9 |  |  |  | 2.0 |  |  |  | - |  |  |  | 3.2 |
Equity in earnings of subsidiaries |  |  | 472.8 |  |  |  | 53.0 |  |  |  | 6.0 |  |  |  | (531.8 | ) |  |  | - |
Intercompany interest income (expense) |  |  | 363.6 |  |  |  | (387.4 | ) |  |  | 23.8 |  |  |  | - |  |  |  | - |
Income before income taxes |  |  | 511.2 |  |  |  | 785.5 |  |  |  | 100.1 |  |  |  | (531.8 | ) |  |  | 865.0 |
Provision for income taxes |  |  | 16.2 |  |  |  | 315.3 |  |  |  | 37.0 |  |  |  | - |  |  |  | 368.5 |
Net income |  |  | 495.0 |  |  |  | 470.2 |  |  |  | 63.1 |  |  |  | (531.8 | ) |  |  | 496.5 |
Net income attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (1.5 | ) |  |  | - |  |  |  | (1.5 | )
Net income attributable to Republic Services, Inc. |  | $ | 495.0 |  |  | $ | 470.2 |  |  | $ | 61.6 |  |  | $ | (531.8 | ) |  | $ | 495.0 |
Condensed Consolidating Statements of Comprehensive Income
|  | Year Ended December 31, 2009 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Net income |  | $ | 495.0 |  |  | $ | 470.2 |  |  | $ | 63.1 |  |  | $ | (531.8 | ) |  | $ | 496.5 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlements |  |  | (2.7 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2.7 | )
Realized losses reclassified into earnings |  |  | 1.2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1.2 |
Unrealized gains (losses) |  |  | 1.4 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1.4 |
Pension Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in funded status of pension plan obligations |  |  | - |  |  |  | 22.2 |  |  |  | - |  |  |  | - |  |  |  | 22.2 |
Other comprehensive (loss) income, net of tax |  |  | (0.1 | ) |  |  | 22.2 |  |  |  | - |  |  |  | - |  |  |  | 22.1 |
Comprehensive income |  |  | 494.9 |  |  |  | 492.4 |  |  |  | 63.1 |  |  |  | (531.8 | ) |  |  | 518.6 |
Comprehensive loss (income) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (1.5 | ) |  |  | - |  |  |  | (1.5 | )
Comprehensive income attributable to Republic Services, Inc. |  | $ | 494.9 |  |  | $ | 492.4 |  |  | $ | 61.6 |  |  | $ | (531.8 | ) |  | $ | 517.1 |
Condensed Consolidating Statements of Cash Flows
|  | Year Ended December 31, 2011 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 589.2 |  |  | $ | 906.9 |  |  | $ | 47.3 |  |  | $ | (954.5 | ) |  | $ | 588.9 |
Equity in earnings of subsidiaries, net of taxes |  |  | (940.2 | ) |  |  | (10.9 | ) |  |  | (3.4 | ) |  |  | 954.5 |  |  |  | - |
Other adjustments |  |  | 315.7 |  |  |  | 856.1 |  |  |  | 6.0 |  |  |  | - |  |  |  | 1,177.8 |
Cash (used in) provided by operating activities |  |  | (35.3 | ) |  |  | 1,752.1 |  |  |  | 49.9 |  |  |  | - |  |  |  | 1,766.7 |
Cash (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property and equipment |  |  | - |  |  |  | (889.9 | ) |  |  | (46.6 | ) |  |  | - |  |  |  | (936.5 | )
Proceeds from sales of property and equipment |  |  | - |  |  |  | 34.6 |  |  |  | - |  |  |  | - |  |  |  | 34.6 |
Cash used in acquisitions, net of cash acquired |  |  | - |  |  |  | (42.6 | ) |  |  | - |  |  |  | - |  |  |  | (42.6 | )
Cash proceeds from divestitures, net of cash divested |  |  | - |  |  |  | 14.2 |  |  |  | - |  |  |  | - |  |  |  | 14.2 |
Change in restricted cash and marketable securities |  |  | (12.1 | ) |  |  | (2.5 | ) |  |  | (2.2 | ) |  |  | - |  |  |  | (16.8 | )
Other |  |  | - |  |  |  | (3.1 | ) |  |  | - |  |  |  | - |  |  |  | (3.1 | )
Change in investment and net advances to affiliate |  |  | (589.9 | ) |  |  | - |  |  |  | - |  |  |  | 589.9 |  |  |  | - |
Cash (used in) provided by investing activities |  |  | (602.0 | ) |  |  | (889.3 | ) |  |  | (48.8 | ) |  |  | 589.9 |  |  |  | (950.2 | )
Cash provided by (used in) financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from notes payable and long-term debt |  |  | 1,416.4 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,416.4 |
Proceeds from issuance of senior notes, net of discount |  |  | 1,844.9 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,844.9 |
Payments of notes payable and long-term debt |  |  | (1,844.1 | ) |  |  | (1,378.8 | ) |  |  | (1.6 | ) |  |  | - |  |  |  | (3,224.5 | )
Premiums paid on extinguishment of debt |  |  | - |  |  |  | (89.6 | ) |  |  | - |  |  |  | - |  |  |  | (89.6 | )
Fees paid to issue and retire senior notes and certain hedging relationships |  |  | (57.9 | ) |  |  | (0.9 | ) |  |  | - |  |  |  | - |  |  |  | (58.8 | )
Issuances of common stock |  |  | 40.7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 40.7 |
Excess income tax benefit from stock option exercises |  |  | 2.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2.5 |
Purchases of common stock for treasury |  |  | (460.7 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (460.7 | )
Cash dividends paid |  |  | (309.4 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (309.4 | )
Change in investment and net advances from parent |  |  | - |  |  |  | 589.9 |  |  |  | - |  |  |  | (589.9 | ) |  |  | - |
Cash provided by (used in) financing activities |  |  | 632.4 |  |  |  | (879.4 | ) |  |  | (1.6 | ) |  |  | (589.9 | ) |  |  | (838.5 | )
(Decrease) increase in cash and cash equivalents |  |  | (4.9 | ) |  |  | (16.6 | ) |  |  | (0.5 | ) |  |  | - |  |  |  | (22.0 | )
Cash and cash equivalents at beginning of period |  |  | 14.5 |  |  |  | 70.5 |  |  |  | 3.3 |  |  |  | - |  |  |  | 88.3 |
Cash and cash equivalents at end of period |  | $ | 9.6 |  |  | $ | 53.9 |  |  | $ | 2.8 |  |  | $ | - |  |  | $ | 66.3 |
Condensed Consolidating Statements of Cash Flows
|  | Year Ended December 31, 2010 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 506.5 |  |  | $ | 423.2 |  |  | $ | 37.0 |  |  | $ | (459.2 | ) |  | $ | 507.5 |
Equity in earnings of subsidiaries, net of taxes |  |  | (437.2 | ) |  |  | (18.6 | ) |  |  | (3.4 | ) |  |  | 459.2 |  |  |  | - |
Other adjustments |  |  | 291.8 |  |  |  | 616.4 |  |  |  | 18.0 |  |  |  | - |  |  |  | 926.2 |
Cash provided by (used in) operating activities |  |  | 361.1 |  |  |  | 1,021.0 |  |  |  | 51.6 |  |  |  | - |  |  |  | 1,433.7 |
Cash (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property and equipment |  |  | - |  |  |  | (736.9 | ) |  |  | (57.8 | ) |  |  | - |  |  |  | (794.7 | )
Proceeds from sales of property and equipment |  |  | - |  |  |  | 37.4 |  |  |  | - |  |  |  | - |  |  |  | 37.4 |
Cash used in acquisitions, net of cash acquired |  |  | - |  |  |  | (58.9 | ) |  |  | - |  |  |  | - |  |  |  | (58.9 | )
Cash proceeds from divestitures, net of cash divested |  |  | - |  |  |  | 60.0 |  |  |  | - |  |  |  | - |  |  |  | 60.0 |
Change in restricted cash and marketable securities |  |  | 27.9 |  |  |  | 37.0 |  |  |  | 1.4 |  |  |  | - |  |  |  | 66.3 |
Other |  |  | - |  |  |  | (0.6 | ) |  |  | - |  |  |  | - |  |  |  | (0.6 | )
Change in investment and net advances to affiliate |  |  | (1,449.0 | ) |  |  | (300.0 | ) |  |  | - |  |  |  | 1,749.0 |  |  |  | - |
Cash (used in) provided by investing activities |  |  | (1,421.1 | ) |  |  | (962.0 | ) |  |  | (56.4 | ) |  |  | 1,749.0 |  |  |  | (690.5 | )
Cash provided by (used in) financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from notes payable and long-term debt |  |  | 1,193.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,193.5 |
Proceeds from issuance of senior notes, net of discount |  |  | 1,499.4 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,499.4 |
Payments of notes payable and long-term debt |  |  | (1,446.3 | ) |  |  | (1,342.4 | ) |  |  | (301.6 | ) |  |  | - |  |  |  | (3,090.3 | )
Premiums paid on extinguishment of debt |  |  | - |  |  |  | (30.4 | ) |  |  | - |  |  |  | - |  |  |  | (30.4 | )
Fees paid to issue and retire senior notes and certain hedging relationships |  |  | (26.2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (26.2 | )
Issuances of common stock |  |  | 86.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 86.5 |
Excess income tax benefit from stock option exercises |  |  | 3.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3.5 |
Purchases of common stock for treasury |  |  | (43.1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (43.1 | )
Cash dividends paid |  |  | (294.6 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (294.6 | )
Distributions paid to noncontrolling interest |  |  | - |  |  |  | - |  |  |  | (1.2 | ) |  |  | - |  |  |  | (1.2 | )
Change in investment and net advances from parent |  |  | - |  |  |  | 1,449.0 |  |  |  | 300.0 |  |  |  | (1,749.0 | ) |  |  | - |
Cash provided by (used in) financing activities |  |  | 972.7 |  |  |  | 76.2 |  |  |  | (2.8 | ) |  |  | (1,749.0 | ) |  |  | (702.9 | )
(Decrease) increase in cash and cash equivalents |  |  | (87.3 | ) |  |  | 135.2 |  |  |  | (7.6 | ) |  |  | - |  |  |  | 40.3 |
Cash and cash equivalents at beginning of period |  |  | 101.8 |  |  |  | (64.7 | ) |  |  | 10.9 |  |  |  | - |  |  |  | 48.0 |
Cash and cash equivalents at end of period |  | $ | 14.5 |  |  | $ | 70.5 |  |  | $ | 3.3 |  |  | $ | - |  |  | $ | 88.3 |
Condensed Consolidating Statements of Cash Flows
|  | Year Ended December 31, 2009 |
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Eliminations |  |  | Consolidated |
Cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 495.0 |  |  |  | 470.2 |  |  | $ | 63.1 |  |  | $ | (531.8 | ) |  | $ | 496.5 |
Equity in earnings of subsidiaries, net of taxes |  |  | (472.8 | ) |  |  | (53.0 | ) |  |  | (6.0 | ) |  |  | 531.8 |  |  |  | - |
Other adjustments |  |  | 72.1 |  |  |  | 770.5 |  |  |  | 57.4 |  |  |  | - |  |  |  | 900.0 |
Cash provided by (used in) operating activities |  |  | 94.3 |  |  |  | 1,187.7 |  |  |  | 114.5 |  |  |  | - |  |  |  | 1,396.5 |
Cash (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property and equipment |  |  | (15.0 | ) |  |  | (790.7 | ) |  |  | (20.6 | ) |  |  | - |  |  |  | (826.3 | )
Proceeds from sales of property and equipment |  |  | - |  |  |  | 31.8 |  |  |  | - |  |  |  | - |  |  |  | 31.8 |
Cash used in acquisitions, net of cash acquired |  |  | - |  |  |  | (0.1 | ) |  |  | - |  |  |  | - |  |  |  | (0.1 | )
Cash proceeds from divestitures, net of cash divested |  |  | - |  |  |  | 511.1 |  |  |  | - |  |  |  | - |  |  |  | 511.1 |
Change in restricted cash and marketable securities |  |  | 28.4 |  |  |  | 17.4 |  |  |  | (4.2 | ) |  |  | - |  |  |  | 41.6 |
Other |  |  | - |  |  |  | (0.6 | ) |  |  | - |  |  |  | - |  |  |  | (0.6 | )
Change in investment and net advances to affiliate |  |  | (464.3 | ) |  |  | (8.0 | ) |  |  | - |  |  |  | 472.3 |  |  |  | - |
Cash (used in) provided by investing activities |  |  | (450.9 | ) |  |  | (239.1 | ) |  |  | (24.8 | ) |  |  | 472.3 |  |  |  | (242.5 | )
Cash provided by (used in) financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from notes payable and long-term debt |  |  | 1,378.6 |  |  |  | - |  |  |  | 94.0 |  |  |  | - |  |  |  | 1,472.6 |
Proceeds from issuance of senior notes, net of discount |  |  | 1,245.4 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,245.4 |
Payments of notes payable and long-term debt |  |  | (1,969.3 | ) |  |  | (1,420.6 | ) |  |  | (194.0 | ) |  |  | - |  |  |  | (3,583.9 | )
Premiums paid on extinguishment of debt |  |  | (4.4 | ) |  |  | (42.9 | ) |  |  | - |  |  |  | - |  |  |  | (47.3 | )
Fees paid to issue and retire senior notes and certain hedging relationships |  |  | (11.9 | ) |  |  | (2.4 | ) |  |  | - |  |  |  | - |  |  |  | (14.3 | )
Issuances of common stock |  |  | 39.6 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 39.6 |
Excess income tax benefit from stock option exercises |  |  | 2.5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2.5 |
Purchases of common stock for treasury |  |  | (1.0 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1.0 | )
Cash dividends paid |  |  | (288.3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (288.3 | )
Change in investment and net advances from parent |  |  | - |  |  |  | 464.3 |  |  |  | 8.0 |  |  |  | (472.3 | ) |  |  | - |
Cash provided by (used in) financing activities |  |  | 391.2 |  |  |  | (1,001.6 | ) |  |  | (92.0 | ) |  |  | (472.3 | ) |  |  | (1,174.7 | )
Increase (decrease) in cash and cash equivalents |  |  | 34.6 |  |  |  | (53.0 | ) |  |  | (2.3 | ) |  |  | - |  |  |  | (20.7 | )
Cash and cash equivalents at beginning of period |  |  | 67.2 |  |  |  | (11.7 | ) |  |  | 13.2 |  |  |  | - |  |  |  | 68.7 |
Cash and cash equivalents at end of period |  | $ | 101.8 |  |  | $ | (64.7 | ) |  | $ | 10.9 |  |  | $ | - |  |  | $ | 48.0 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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