REPUBLIC SERVICES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(All tables in millions, except per share data) Ì (Continued)
Depreciation,
Amortization,
Gross Intercompany Net Depletion and Operating Capital Total
2003 Revenue Revenue(b) Revenue Accretion(c) Income Expenditures(d) Assets
Eastern Region ÏÏÏÏÏÏÏÏÏ $ 600.2 $ (93.0) $ 507.2 $ 36.4 $ 71.3 $ 40.7 $ 826.9
Central Region ÏÏÏÏÏÏÏÏÏ 671.7 (151.6) 520.1 74.0 106.6 75.7 960.5
Southern RegionÏÏÏÏÏÏÏÏ 680.3 (76.9) 603.4 62.8 107.5 69.9 865.6
Southwestern Region ÏÏÏÏ 332.6 (31.2) 301.4 28.7 50.2 28.9 409.4
Western Region ÏÏÏÏÏÏÏÏ 729.4 (143.9) 585.5 46.2 148.8 51.4 813.2
Corporate Entities(a)ÏÏÏÏ .2 Ì .2 3.7 (71.7) 6.6 678.5
TotalÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $3,014.4 $(496.6) $2,517.8 $251.8 $412.7 $273.2 $4,554.1
Depreciation,
Amortization, Other
Gross Intercompany Net and Charges Operating Capital Total
2002 Revenue Revenue(b) Revenue Depletion(c) (Income) Income Expenditures(d) Assets
Eastern Region ÏÏÏÏÏÏÏÏ $ 564.1 $ (79.7) $ 484.4 $ 32.0 $(4.1) $ 87.0 $ 39.2 $ 822.2
Central Region ÏÏÏÏÏÏÏÏ 589.6 (120.2) 469.4 53.6 (1.5) 105.3 77.1 950.9
Southern RegionÏÏÏÏÏÏÏ 643.1 (65.5) 577.6 52.7 Ì 118.3 58.0 830.7
Southwestern Region ÏÏÏ 311.8 (29.1) 282.7 22.8 Ì 41.9 30.6 374.6
Western Region ÏÏÏÏÏÏÏ 690.0 (139.1) 550.9 41.3 Ì 145.5 47.3 826.7
Corporate Entities(a)ÏÏÏ .2 (.1) .1 (2.8) Ì (38.5) 6.4 404.0
TotalÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $2,798.8 $(433.7) $2,365.1 $199.6 $(5.6) $459.5 $258.6 $4,209.1
(a) Corporate functions include legal, tax, treasury, information technology, risk management, human
resources, national accounts and other typical administrative functions. The increase in operating income
for Corporate Entities from 2003 to 2004 is due primarily to higher self-insurance expense recorded
during 2003.
(b) Intercompany operating revenue reÖects transactions within and between segments and are generally
made on a basis intended to reÖect the market value of such services.
(c) EÅective January 1, 2003, the Company adopted SFAS 143. (See Note 1, Basis of Presentation, for
further information.)
(d) Capital expenditures for 2002 exclude $72.6 million used to purchase equipment consisting primarily of
revenue-producing vehicles originally placed into service pursuant to an operating lease.
Goodwill is the cost of acquired businesses in excess of the fair value of net assets acquired. The activity
in goodwill, net of accumulated amortization, during 2004 and 2003 is as follows:
Balance as of Balance as of
December 31, December 31,
2003 Acquisitions Transfers 2004
Eastern Region ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 435.9 $ 2.6 $(2.1) $ 436.4
Central Region ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 350.5 10.7 (3.6) 357.6
Southern Region ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 325.8 2.0 (1.3) 326.5
Southwestern Region ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 135.0 .2 (1.6) 133.6
Western RegionÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 310.9 (2.3) Ì 308.6
TotalÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $1,558.1 $13.2 $(8.6) $1,562.7
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