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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary of Financial Information Concerning Company's Reportable Segments

Summarized financial information concerning the Company’s reportable segments for the three months ended March 31, 2020 and 2019, is shown in the following tables:

Three Months Ended

    

    

Intercompany

    

Reported

    

Segment

March 31, 2020

Revenue

Revenue(b)

Revenue

EBITDA(c)

Eastern

$

397,000

$

(64,798)

$

332,202

$

84,662

Southern

351,502

(42,115)

309,387

74,517

Western

 

305,436

 

(33,455)

 

271,981

 

81,029

Central

 

237,570

 

(29,028)

 

208,542

 

73,151

Canada

 

193,107

 

(22,684)

 

170,423

 

59,398

E&P

 

64,880

 

(5,011)

 

59,869

 

31,802

Corporate(a)

 

 

 

 

(3,631)

$

1,549,495

$

(197,091)

$

1,352,404

$

400,928

Three Months Ended

    

    

Intercompany

    

Reported

    

Segment

March 31, 2019

Revenue

Revenue(b)

Revenue

EBITDA(c)

Eastern

$

346,846

$

(54,019)

$

292,827

$

76,957

Southern

324,482

(37,153)

287,329

74,377

Western

 

286,175

 

(31,196)

 

254,979

 

77,005

Central

 

202,792

 

(24,915)

 

177,877

 

63,027

Canada

 

190,286

 

(21,939)

 

168,347

 

59,244

E&P

 

66,035

 

(2,757)

 

63,278

 

31,609

Corporate(a)

 

 

 

 

(3,858)

$

1,416,616

$

(171,979)

$

1,244,637

$

378,361

____________________

(a)Corporate functions include accounting, legal, tax, treasury, information technology, risk management, human resources, training, direct acquisition expenses, other administrative functions and share-based compensation expenses associated with Progressive Waste share-based grants outstanding at June 1, 2016 that were continued by the Company. Amounts reflected are net of allocations to the six 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 segment 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.
Total Assets for Reportable Segments

Total assets for each of the Company’s reportable segments at March 31, 2020 and December 31, 2019, were as follows:

March 31, 

December 31, 

    

2020

    

2019

Eastern

$

3,060,723

$

3,099,283

Southern

 

2,971,182

 

2,990,247

Western

1,712,098

1,718,015

Central

1,875,151

1,885,468

Canada

2,265,718

2,490,291

E&P

950,019

962,202

Corporate

1,444,520

592,189

Total Assets

 

$

14,279,411

 

$

13,737,695

Changes in Goodwill by Reportable Segment

The following tables show changes in goodwill during the three months ended March 31, 2020 and 2019, by reportable segment:

    

Eastern

    

Southern

    

Western

    

Central

    

Canada

    

E&P

    

Total

Balance as of December 31, 2019

$

1,331,180

$

1,528,225

$

400,037

$

729,470

$

1,521,939

$

$

5,510,851

Goodwill acquired

 

 

 

3,741

 

3,741

Goodwill acquisition adjustments

(524)

195

70

(259)

Impact of changes in foreign currency

 

 

 

 

 

(128,492)

 

 

(128,492)

Balance as of March 31, 2020

$

1,330,656

$

1,528,420

$

400,107

$

733,211

$

1,393,447

$

$

5,385,841

    

    Eastern    

    

Southern

    

Western

    

Central

    

Canada

    

E&P

    

Total

Balance as of December 31, 2018

$

1,126,486

$

1,517,610

$

398,174

$

540,435

$

1,448,980

$

$

5,031,685

Goodwill acquired

 

918

3,702

 

 

4,620

Goodwill acquisition adjustments

(83)

(88)

(3)

(174)

Goodwill divested

 

(845)

 

(845)

Impact of changes in foreign currency

 

 

 

 

30,244

 

 

30,244

Balance as of March 31, 2019

$

1,126,403

$

1,516,677

$

399,092

$

544,137

$

1,479,221

$

$

5,065,530

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

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

Three Months Ended

March 31, 

    

2020

    

2019

Eastern segment EBITDA

$

84,662

$

76,957

Southern segment EBITDA

74,517

74,377

Western segment EBITDA

 

81,029

 

77,005

Central segment EBITDA

 

73,151

 

63,027

Canada segment EBITDA

 

59,398

 

59,244

E&P segment EBITDA

 

31,802

 

31,609

Subtotal reportable segments

 

404,559

 

382,219

Unallocated corporate overhead

 

(3,631)

 

(3,858)

Depreciation

 

(150,821)

 

(146,847)

Amortization of intangibles

 

(31,638)

 

(30,542)

Impairments and other operating items

 

(1,506)

 

(16,112)

Interest expense

 

(37,990)

 

(37,287)

Interest income

 

2,175

 

3,311

Other income (expense), net

 

(9,521)

 

2,661

Income before income tax provision

$

171,627

$

153,545