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Stock Repurchases, Dividends and Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Stock repurchase activity

Stock repurchase activity during the three and nine months ended September 30, 2023 and 2022 follows (in millions, except per share amounts):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Number of shares repurchased			1.3						—						1.3						1.6
Amount paid			$	190.4					$	—					$	190.4					$	203.5
Weighted average cost per share			$	146.89					$	—					$	146.89					$	124.02

Earnings per share

Earnings per share for the three and nine months ended September 30, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Basic earnings per share:
Net income attributable to Republic Services, Inc.			$	480,169					$	416,924					$	1,291,419					$	1,140,836
Weighted average common shares outstanding			316,062						316,506						316,541						316,527
Basic earnings per share			$	1.52					$	1.32					$	4.08					$	3.60
Diluted earnings per share:
Net income attributable to Republic Services, Inc.			$	480,169					$	416,924					$	1,291,419					$	1,140,836
Weighted average common shares outstanding			316,062						316,506						316,541						316,527
Effect of dilutive securities:
Unvested RSU awards			112						144						96						161
Unvested PSU awards			382						396						366						380
Weighted average common and common equivalent shares outstanding			316,556						317,046						317,003						317,068
Diluted earnings per share			$	1.52					$	1.32					$	4.07					$	3.60

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

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-Topic 260
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- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

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