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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.68B | 0.4% |
| Gross Profit | 1.87B | 1.7% |
| Cost of Revenue | 2.81B | 0.5% |
| Operating expense | 441M | 0.2% |
| Net Income | 566M | 10.6% |
| EBITDA | 864M | 3.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 31.8B | 0.4% |
| Total Liabilities | 20.6B | 1.6% |
| Total Equity | 11.2B | 2% |
| Shares Outstanding | 314M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1B | 8.8% |
| Cash from investing | -636M | 46.6% |
| Cash from financing | -754M | 222.8% |
EPS
Financial Highlights for Republic Services in Q3 '24
Republic Services reported a revenue of 4.68B, which is a 0.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.87B, marking a 1.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.81B, a -0.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 441M, showing a 0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 566M, showing a 10.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 864M, showing a 3.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Republic Services with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
