text: **REPUBLIC SERVICES, INC. AND SUBSIDIARIES**
  
  **NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**
  **(All tables in millions, except per share data) Ì (Continued)**
  
  As of December 31, 2004, the Company had $237.0 million of restricted cash of which $119.0 million 
  were proceeds from the issuance of tax-exempt bonds and other tax-exempt Ñnancing and will be used to fund 
  capital expenditures. Restricted cash also includes amounts held in trust as a Ñnancial guarantee of the 
  Company's performance. 
  
  The Company made interest payments on notes payable and long-term debt of approximately $77.0 mil- 
  lion, $78.4 million and $75.9 million (net of capitalized interest of $2.1 million, $3.3 million and $2.5 million) 
  for the years ended December 31, 2004, 2003 and 2002, respectively. 