Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Financial Information Concerning Company's Reportable Segments

Summarized financial information concerning the Company’s reportable segments for the years ended December 31, 2021, 2020 and 2019, is shown in the following tables:


Year Ended			Intercompany		Reported		Segment		Depreciation and		Capital
December 31, 2021	Revenue		Revenue^(b)		Revenue		EBITDA^(c)		Amortization		Expenditures		Total Assets^(e)
Eastern	$	1,807,563	$	(286,275)	$	1,521,288	$	404,493	$	239,130	$	174,350	$	3,652,311
Southern		1,633,402		(186,656)		1,446,746		394,982		188,977		156,527		3,513,355
Western		1,434,844		(154,656)		1,280,188		405,778		129,988		152,149		2,260,222
Central		1,188,501		(142,085)		1,046,416		359,434		134,078		144,458		2,332,564
Canada		965,705		(108,982)		856,723		339,859		111,458		68,183		2,513,608
Corporate^{(a), (d)}		—		—		—		(19,596)		9,378		48,648		427,864
	$	7,030,015	$	(878,654)	$	6,151,361	$	1,884,950	$	813,009	$	744,315	$	14,699,924


Year Ended			Intercompany		Reported		Segment		Depreciation and		Capital
December 31, 2020	Revenue		Revenue^(b)		Revenue		EBITDA^(c)		Amortization		Expenditures		Total Assets^(e)
Eastern	$	1,601,980	$	(266,115)	$	1,335,865	$	343,446	$	222,934	$	181,787	$	3,134,462
Southern		1,552,687		(183,107)		1,369,580		369,445		189,726		131,831		3,402,081
Western		1,291,882		(142,120)		1,149,762		364,790		115,151		132,344		1,861,079
Central		1,008,081		(127,758)		880,323		313,033		113,004		102,966		2,160,246
Canada		805,757		(95,297)		710,460		256,119		103,334		109,886		2,544,379
Corporate^{(a), (d)}		—		—		—		(15,283)		8,255		5,747		890,117
	$	6,260,387	$	(814,397)	$	5,445,990	$	1,631,550	$	752,404	$	664,561	$	13,992,364


Year Ended			Intercompany		Reported		Segment		Depreciation and		Capital
December 31, 2019	Revenue		Revenue^(b)		Revenue		EBITDA^(c)		Amortization		Expenditures		Total Assets^(e)
Eastern	$	1,524,648	$	(255,684)	$	1,268,964	$	330,578	$	204,221	$	154,218	$	3,099,283
Southern		1,623,614		(174,614)		1,449,000		441,425		208,967		178,127		3,952,449
Western		1,234,669		(135,820)		1,098,849		338,563		102,067		147,893		1,718,015
Central		958,139		(119,555)		838,584		292,111		106,391		116,831		1,885,468
Canada		835,603		(102,321)		733,282		256,405		113,944		61,119		2,490,291
Corporate^{(a), (d)}		—		—		—		(15,438)		8,328		7,901		592,189
	$	6,176,673	$	(787,994)	$	5,388,679	$	1,643,644	$	743,918	$	666,089	$	13,737,695

(a)

The majority of Corporate expenses are allocated to the five operating segments. Direct acquisition expenses, expenses associated with common shares held in the deferred compensation plan exchanged for other investment options and share-based compensation expenses associated with Progressive Waste share-based grants outstanding at June 1, 2016 that were continued by the Company are not allocated to the five operating segments and comprise the net EBITDA of the Company’s Corporate segment for the periods presented.

(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 Note 3.

(d)

Corporate assets include cash, debt issuance costs, equity investments, operating lease right-of-use assets and corporate facility leasehold improvements and equipment.

(e)

Goodwill is included within total assets for each of the Company’s five operating segments.

Changes in Goodwill by Reportable Segment

The following table shows changes in goodwill during the years ended December 31, 2020 and 2021, 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		43,397		3,990		42,825		94,883		208		185,303
Goodwill divested		—		—		—		(149)		—		(149)
Impact of changes in foreign currency		—		—		—		—		30,645		30,645
Balance as of December 31, 2020		1,374,577		1,532,215		442,862		824,204		1,552,792		5,726,650
Goodwill acquired		233,146		56,576		96,870		68,005		—		454,597
Goodwill acquisition adjustments		—		—		—		—		(2)		(2)
Goodwill divested		—		(324)		—		—		—		(324)
Impact of changes in foreign currency		—		—		—		—		6,722		6,722
Balance as of December 31, 2021	$	1,607,723	$	1,588,467	$	539,732	$	892,209	$	1,559,512	$	6,187,643

Property and Equipment, Net Relating to Operations

Property and equipment, net relating to operations in the United States and Canada are as follows:


	December 31,
	2021		2020
United States	$	5,075,184	$	4,589,144
Canada		646,765		695,362
Total	$	5,721,949	$	5,284,506

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 Consolidated Statements of Net Income is as follows:


	Years ended December 31,
	2021		2020		2019
Eastern segment EBITDA	$	404,493	$	343,446	$	330,578
Southern segment EBITDA		394,982		369,445		441,425
Western segment EBITDA		405,778		364,790		338,563
Central segment EBITDA		359,434		313,033		292,111
Canada segment EBITDA		339,859		256,119		256,405
Subtotal reportable segments		1,904,546		1,646,833		1,659,082
Unallocated corporate overhead		(19,596)		(15,283)		(15,438)
Depreciation		(673,730)		(621,102)		(618,396)
Amortization of intangibles		(139,279)		(131,302)		(125,522)
Impairments and other operating items		(32,316)		(466,718)		(61,948)
Interest expense		(162,796)		(162,375)		(147,368)
Interest income		2,916		5,253		9,777
Other income (expense), net		6,285		(1,392)		5,704
Loss on early extinguishment of debt		(115,288)		—		—
Income before income tax provision	$	770,742	$	253,914	$	705,891