v2.4.0.6
Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Data (unaudited) [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (unaudited)

17. SELECTED QUARTERLY FINANCIAL DATA (unaudited)

The following tables summarize our unaudited consolidated quarterly results of operations as reported for 2011 and 2010:

 

                                 
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

2011:

                               

Revenue

  $ 1,964.9     $ 2,086.6     $ 2,116.2     $ 2,025.2  

Operating income

    376.2       401.2       408.5       366.7  

Net income

    158.1       46.2       193.6       191.0  

Net income attributable to Republic Services, Inc.

    158.2       46.5       193.5       191.0  

Diluted earnings per common share

    0.41       0.12       0.52       0.51  
         

2010:

                               

Revenue

  $ 1,957.7     $ 2,066.4     $ 2,061.7     $ 2,020.8  

Operating income

    381.3       400.8       367.6       389.4  

Net income

    65.2       159.9       134.5       147.9  

Net income attributable to Republic Services, Inc.

    65.0       159.7       134.2       147.6  

Diluted earnings per common share

    0.17       0.42       0.35       0.38  

During 2011 and 2010, we recorded a number of gains, charges (recoveries) and expenses that impacted our net income during each of the quarters as follows:

 

                                         
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
    Total  

2011:

                                       

Loss on extinguishment of debt

  $ 1.8     $ 199.5     $ 6.0     $ 3.5     $ 210.8  

(Gain) loss on disposition of assets and impairments, net

    (0.4     19.4       5.8       3.3       28.1  

 

                                         
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
    Total  

2010:

                                       

Loss on extinguishment of debt

  $ 132.3     $ -     $ 19.4     $ 9.1     $ 160.8  

Costs to achieve synergies

    9.1       8.5       7.4       8.3       33.3  

Restructuring charges

    5.6       1.4       2.6       1.8       11.4  

Loss (gain) on disposition of assets and impairments, net

    0.5       1.1       25.5       (8.0     19.1  

Costs to achieve synergies relate to those incremental costs incurred primarily for our synergy incentive plan as well as other integration costs. We also recorded losses on early extinguishment of debt associated with premiums paid to repurchase debt, charges for unamortized debt discounts and professional fees paid to effectuate the repurchases.