Segment Reporting

9 Months Ended

Sep. 30, 2019

SEGMENT REPORTINGOur senior management evaluates, oversees and manages the financial performance of our operations through two field groups, referred to as Group 1 and Group 2. Group 1 primarily consists of geographic areas located in the western United States, and Group 2 primarily consists of geographic areas located in the southeastern and mid-western United States, and the eastern seaboard of the United States. These two groups are presented below as our reportable segments, which provide integrated waste management services consisting of non-hazardous solid waste collection, transfer, recycling, disposal and environmental services.

Summarized financial information concerning our reportable segments for the three and nine months ended September 30, 2019 and 2018 follows:


	Gross Revenue		Intercompany Revenue		Net Revenue		Depreciation, Amortization, Depletion and Accretion		Operating Income (Loss)		Capital Expenditures		Total Assets

Three Months Ended September 30, 2019
Group 1	$	1,543.2	$	(258.0)	$	1,285.2	$	128.7	$	316.0	$	163.3	$	11,290.3
Group 2	1,548.7		(225.9)		1,322.8		133.7		242.8		157.4		9,385.6
Corporate entities	43.9		(5.0)		38.9		25.4		(91.0)		(1.1)		1,653.2
Total	$	3,135.8	$	(488.9)	$	2,646.9	$	287.8	$	467.8	$	319.6	$	22,329.1

Three Months Ended September 30, 2018
Group 1	$	1,476.7	$	(247.2)	$	1,229.5	$	123.9	$	298.5	$	147.4	$	10,968.3
Group 2	1,517.7		(220.3)		1,297.4		129.0		231.4		137.0		8,970.0
Corporate entities	42.9		(4.1)		38.8		29.6		(89.6)		(6.1)		1,463.8
Total	$	3,037.3	$	(471.6)	$	2,565.7	$	282.5	$	440.3	$	278.3	$	21,402.1


	Gross Revenue		Intercompany Revenue		Net Revenue		Depreciation, Amortization, Depletion and Accretion		Operating Income (Loss)		Capital Expenditures		Total Assets

Nine Months Ended September 30, 2019
Group 1	$	4,502.8	$	(760.0)	$	3,742.8	$	377.2	$	913.1	$	400.4	$	11,290.3
Group 2	4,515.2		(651.2)		3,864.0		392.1		695.5		374.6		9,385.6
Corporate entities	129.1		(13.2)		115.9		75.2		(280.6)		133.3		1,653.2
Total	$	9,147.1	$	(1,424.4)	$	7,722.7	$	844.5	$	1,328.0	$	908.3	$	22,329.1

Nine Months Ended September 30, 2018
Group 1	$	4,342.9	$	(740.3)	$	3,602.6	$	370.9	$	851.6	$	397.8	$	10,968.3
Group 2	4,433.3		(642.6)		3,790.7		382.3		666.3		321.2		8,970.0
Corporate entities	129.4		(11.8)		117.6		88.5		(265.3)		101.5		1,463.8
Total	$	8,905.6	$	(1,394.7)	$	7,510.9	$	841.7	$	1,252.6	$	820.5	$	21,402.1

Intercompany revenue reflects transactions within and between segments that generally are made on a basis intended to reflect the market value of such services. Capital expenditures for corporate entities primarily include vehicle inventory acquired but not yet assigned to operating locations and facilities. Corporate functions include legal, tax, treasury, information technology, risk management, human resources, closed landfills and other administrative functions.

Subsequent Event

In October 2019, certain of our owned and operated facilities in our Group 1 segment were impacted by separate fire-related events. We are estimating the financial impact of any damage to the facilities, and we may experience higher operating expenses or asset impairments in the fourth quarter as a result of these events.