Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2014

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, 2014 and 2013, is shown in the following tables:


Three Months Ended September 30, 2014	Gross Revenues		Intercompany Revenues(b)		Net Revenues		EBITDA(c)
Western	$	240,744	$	(24,895)	$	215,849	$	69,140
Central		167,945		(18,732)		149,213		53,809
Eastern		123,634		(21,010)		102,624		29,379
E&P		82,385		(3,520)		78,865		39,535
Corporate(a)		-		-		-		(1,152)
	$	614,708	$	(68,157)	$	546,551	$	190,711


Three Months Ended September 30, 2013	Gross Revenues		Intercompany Revenues(b)		Net Revenues		EBITDA(c)
Western	$	236,849	$	(26,638)	$	210,211	$	67,773
Central		151,181		(16,848)		134,333		48,845
Eastern		115,944		(19,884)		96,060		28,038
E&P		65,376		(2,334)		63,042		31,125
Corporate(a)		-		-		-		188
	$	569,350	$	(65,704)	$	503,646	$	175,969


Nine Months Ended September 30, 2014	Gross Revenues		Intercompany Revenues(b)		Net Revenues		EBITDA(c)
Western	$	689,251	$	(71,778)	$	617,473	$	194,894
Central		471,247		(51,052)		420,195		148,471
Eastern		353,551		(59,543)		294,008		87,284
E&P		232,447		(11,170)		221,277		111,730
Corporate(a)		-		-		-		(7,449)
	$	1,746,496	$	(193,543)	$	1,552,953	$	534,930


Nine Months Ended September 30, 2013	Gross Revenues		Intercompany Revenues(b)		Net Revenues		EBITDA(c)
Western	$	682,705	$	(76,510)	$	606,195	$	188,736
Central		426,353		(46,993)		379,360		137,600
Eastern		336,916		(57,362)		279,554		82,947
E&P		186,255		(8,446)		177,809		82,036
Corporate(a)		-		-		-		(2,679)
	$	1,632,229	$	(189,311)	$	1,442,918	$	488,640

____________________

(a)Corporate functions include accounting, legal, tax, treasury, information technology, risk management, human resources, training and other administrative functions. Amounts reflected are net of allocations to the four 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 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.

Changes in Goodwill by Reportable Segment

The following tables show changes in goodwill during the nine months ended September 30, 2014 and 2013, by reportable segment:


	Western		Central		Eastern		E&P		Total
Balance as of December 31, 2013	$	372,915	$	459,054	$	380,570	$	462,615	$	1,675,154
Goodwill acquired		-		2,050		11,698		-		13,748
Goodwill divested		-		(143)		-		-		(143)
Goodwill adjustments		-		(843)		(1)		-		(844)
Balance as of September 30, 2014	$	372,915	$	460,118	$	392,267	$	462,615	$	1,687,915


	Western		Central		Eastern		E&P		Total
Balance as of December 31, 2012	$	373,143	$	430,412	$	380,561	$	452,441	$	1,636,557
Goodwill transferred		-		(9,196)		-		9,196		-
Goodwill acquired		521		70		567		575		1,733
Goodwill divested		(749)		-		-		-		(749)
Balance as of September 30, 2013	$	372,915	$	421,286	$	381,128	$	462,212	$	1,637,541

Reconciliation of Primary Measure of Segment Profitability to Income before Income Tax Provision

A reconciliation of the Company’s primary measure of segment profitability (EBITDA) to Income before income tax provision in the Condensed Consolidated Statements of Net Income is as follows:


	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Western segment EBITDA	$	69,140	$	67,773	$	194,894	$	188,736
Central segment EBITDA		53,809		48,845		148,471		137,600
Eastern segment EBITDA		29,379		28,038		87,284		82,947
E&P segment EBITDA		39,535		31,125		111,730		82,036
Subtotal reportable segments		191,863		175,781		542,379		491,319
Unallocated corporate overhead		(1,152)		188		(7,449)		(2,679)
Depreciation		(58,998)		(55,863)		(171,920)		(162,277)
Amortization of intangibles		(6,702)		(6,211)		(20,158)		(18,861)
Gain (loss) on disposal of assets and impairments		(9,000)		1,725		(7,535)		(11,895)
Interest expense		(15,815)		(17,911)		(48,666)		(55,851)
Other income (expense), net		(389)		845		(252)		(119)
Income before income tax provision	$	99,807	$	98,554	$	286,399	$	239,637

Total Reported Revenues by Service Line

The following table shows, for the periods indicated, the Company’s total reported revenues by service line and with intercompany eliminations:


	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Solid waste collection	$	333,917	$	312,872	$	962,683	$	912,488
Solid waste disposal and transfer		167,129		158,142		461,605		434,513
E&P waste treatment, recovery and disposal		86,085		68,605		242,049		194,720
Solid waste recycling		14,973		18,402		44,713		55,806
Intermodal and other		12,604		11,329		35,446		34,702
		614,708		569,350		1,746,496		1,632,229
Less: intercompany elimination		(68,157)		(65,704)		(193,543)		(189,311)
Total revenues	$	546,551	$	503,646	$	1,552,953	$	1,442,918

- 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+ Details