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v3.20.2

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Summary of Financial Information Concerning Company's Reportable Segments | Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2020 and 2019, is shown in the following tables: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended |  | ​ | ​ |  | Intercompany |  | Reported |  | Segment
September 30, 2020 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 413,499 | ​ | $ | (69,146) | ​ | $ | 344,353 | ​ | $ | 90,991
Southern | ​ | ​ | 375,636 | ​ | ​ | (45,061) | ​ | ​ | 330,575 | ​ | ​ | 81,394
Western | ​ |  | 337,768 | ​ |  | (36,547) | ​ |  | 301,221 | ​ |  | 101,071
Central | ​ |  | 262,458 | ​ |  | (33,892) | ​ |  | 228,566 | ​ |  | 82,887
Canada | ​ |  | 210,577 | ​ |  | (25,740) | ​ |  | 184,837 | ​ |  | 72,516
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (4,132)
​ | ​ | $ | 1,599,938 | ​ | $ | (210,386) | ​ | $ | 1,389,552 | ​ | $ | 424,727
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended |  | ​ | ​ |  | Intercompany |  | Reported |  | Segment
September 30, 2019 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 399,936 | ​ | $ | (69,049) | ​ | $ | 330,887 | ​ | $ | 88,101
Southern | ​ | ​ | 417,133 | ​ | ​ | (45,678) | ​ | ​ | 371,455 | ​ | ​ | 113,209
Western | ​ |  | 324,859 | ​ |  | (35,651) | ​ |  | 289,208 | ​ |  | 90,059
Central | ​ |  | 262,737 | ​ |  | (32,663) | ​ |  | 230,074 | ​ |  | 81,746
Canada | ​ |  | 217,879 | ​ |  | (27,059) | ​ |  | 190,820 | ​ |  | 66,794
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (446)
​ | ​ | $ | 1,622,544 | ​ | $ | (210,100) | ​ | $ | 1,412,444 | ​ | $ | 439,463
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended | ​ | ​ | ​ | ​ | Intercompany | ​ | Reported | ​ | Segment
September 30, 2020 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 1,194,213 | ​ | $ | (198,767) | ​ | $ | 995,446 | ​ | $ | 258,333
Southern | ​ | ​ | 1,171,709 | ​ | ​ | (138,412) | ​ | ​ | 1,033,297 | ​ | ​ | 276,844
Western | ​ |  | 953,861 | ​ |  | (105,122) | ​ |  | 848,739 | ​ |  | 267,523
Central | ​ |  | 749,093 | ​ |  | (95,365) | ​ |  | 653,728 | ​ |  | 235,742
Canada | ​ |  | 586,514 | ​ |  | (69,985) | ​ |  | 516,529 | ​ |  | 185,589
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (10,462)
​ | ​ | $ | 4,655,390 | ​ | $ | (607,651) | ​ | $ | 4,047,739 | ​ | $ | 1,213,569
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended | ​ | ​ | ​ | ​ | Intercompany | ​ | Reported | ​ | Segment
September 30, 2019 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 1,137,258 | ​ | $ | (189,924) | ​ | $ | 947,334 | ​ | $ | 250,106
Southern | ​ | ​ | 1,214,125 | ​ | ​ | (129,931) | ​ | ​ | 1,084,194 | ​ | ​ | 327,139
Western | ​ |  | 922,737 | ​ |  | (101,552) | ​ |  | 821,185 | ​ |  | 253,504
Central | ​ |  | 715,997 | ​ |  | (89,685) | ​ |  | 626,312 | ​ |  | 219,280
Canada | ​ |  | 624,470 | ​ |  | (76,776) | ​ |  | 547,694 | ​ |  | 193,702
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (11,751)
​ | ​ | $ | 4,614,587 | ​ | $ | (587,868) | ​ | $ | 4,026,719 | ​ | $ | 1,231,980
____________________
| (a) | Corporate consists of expenses associated with its administrative departments and certain centralized expenses including cash and equity-based incentive compensation, direct acquisition expenses and share-based compensation expenses associated with Progressive Waste share-based grants outstanding at June 1, 2016 that were continued by the Company. Amounts reflected are net of allocations to the five operating segments.
| (b) | Intercompany revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments. Transactions within and between segments are generally made on a basis intended to reflect the market value of the service.
| (c) | For those items included in the determination of segment EBITDA, the accounting policies of the segments are the same as those described in the Company’s most recent Annual Report on Form 10-K.
Total Assets for Reportable Segments | Total assets for each of the Company’s reportable segments at September 30, 2020 and December 31, 2019, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2020 |  | 2019
Eastern | ​ | $ | 3,055,672 | ​ | $ | 3,099,283
Southern |  | ​ | 3,441,079 |  | ​ | 3,952,449
Western | ​ | ​ | 1,860,596 | ​ | ​ | 1,718,015
Central | ​ | ​ | 1,956,234 | ​ | ​ | 1,885,468
Canada | ​ | ​ | 2,444,922 | ​ | ​ | 2,490,291
Corporate | ​ | ​ | 1,090,944 | ​ | ​ | 592,189
Total Assets |  | $ | 13,849,447 |  | $ | 13,737,695
Changes in Goodwill by Reportable Segment | The following tables show changes in goodwill during the nine months ended September 30, 2020 and 2019, by reportable segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Eastern |  | Southern |  | Western |  | Central |  | Canada |  | Total
Balance as of December 31, 2019 | ​ | $ | 1,331,180 | ​ | $ | 1,528,225 | ​ | $ | 400,037 | ​ | $ | 729,470 | ​ | $ | 1,521,939 | ​ | $ | 5,510,851
Goodwill acquired | ​ |  | 6,228 | ​ |  | 3,648 | ​ | ​ | 43,151 | ​ |  | 10,450 | ​ | ​ | 174 | ​ |  | 63,651
Impact of changes in foreign currency | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (39,935) | ​ |  | (39,935)
Balance as of September 30, 2020 | ​ | $ | 1,337,408 | ​ | $ | 1,531,873 | ​ | $ | 443,188 | ​ | $ | 739,920 | ​ | $ | 1,482,178 | ​ | $ | 5,534,567
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Eastern |  | Southern |  | Western |  | Central |  | Canada |  | Total
Balance as of December 31, 2018 | ​ | $ | 1,126,486 | ​ | $ | 1,517,610 | ​ | $ | 398,174 | ​ | $ | 540,435 | ​ | $ | 1,448,980 | ​ | $ | 5,031,685
Goodwill acquired | ​ |  | 22,146 | ​ | ​ | 10,329 | ​ | ​ | 1,334 | ​ | ​ | 189,194 | ​ | ​ | 25 | ​ |  | 223,028
Goodwill divested | ​ |  | — | ​ | ​ | (845) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | (845)
Impact of changes in foreign currency | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 43,688 | ​ |  | 43,688
Balance as of September 30, 2019 | ​ | $ | 1,148,632 | ​ | $ | 1,527,094 | ​ | $ | 399,508 | ​ | $ | 729,629 | ​ | $ | 1,492,693 | ​ | $ | 5,297,556
Reconciliation of Primary Measure of Segment Profitability to Income Before Income Tax Provision | A reconciliation of the Company’s primary measure of segment profitability (segment EBITDA) to Income before income tax provision in the Condensed Consolidated Statements of Net Income is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
Eastern segment EBITDA | ​ | $ | 90,991 | ​ | $ | 88,101 | ​ | $ | 258,333 | ​ | $ | 250,106
Southern segment EBITDA | ​ | ​ | 81,394 | ​ | ​ | 113,209 | ​ | ​ | 276,844 | ​ | ​ | 327,139
Western segment EBITDA | ​ |  | 101,071 | ​ |  | 90,059 | ​ |  | 267,523 | ​ |  | 253,504
Central segment EBITDA | ​ |  | 82,887 | ​ |  | 81,746 | ​ |  | 235,742 | ​ |  | 219,280
Canada segment EBITDA | ​ |  | 72,516 | ​ |  | 66,794 | ​ |  | 185,589 | ​ |  | 193,702
Subtotal reportable segments | ​ |  | 428,859 | ​ |  | 439,909 | ​ |  | 1,224,031 | ​ |  | 1,243,731
Unallocated corporate overhead | ​ |  | (4,132) | ​ |  | (446) | ​ |  | (10,462) | ​ |  | (11,751)
Depreciation | ​ |  | (157,590) | ​ |  | (157,994) | ​ |  | (459,641) | ​ |  | (461,616)
Amortization of intangibles | ​ |  | (32,653) | ​ |  | (31,934) | ​ |  | (96,062) | ​ |  | (93,821)
Impairments and other operating items | ​ |  | (3,805) | ​ |  | (12,935) | ​ |  | (442,582) | ​ |  | (32,949)
Interest expense | ​ |  | (40,636) | ​ |  | (36,780) | ​ |  | (119,562) | ​ |  | (111,313)
Interest income | ​ |  | 903 | ​ |  | 2,056 | ​ |  | 4,396 | ​ |  | 7,186
Other income (expense), net | ​ |  | 702 | ​ |  | (19) | ​ |  | (3,046) | ​ |  | 4,562
Income before income tax provision | ​ | $ | 191,648 | ​ | $ | 201,857 | ​ | $ | 97,072 | ​ | $ | 544,029

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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