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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
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, 2022 and 2021, is shown in the following tables:

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​

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​

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​

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​

​

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​

​

Three Months Ended

    

​

​

    

Intercompany

    

Reported

    

Segment

September 30, 2022

​

Revenue

​

Revenue(b)

​

Revenue

​

EBITDA(c)

Eastern

​

$

595,696

​

$

(94,644)

​

$

501,052

​

$

133,393

Southern

​

​

479,758

​

​

(51,392)

​

​

428,366

​

​

130,668

Western

​

 

428,271

​

 

(42,792)

​

 

385,479

​

 

115,701

Central

​

 

364,470

​

 

(41,813)

​

 

322,657

​

 

116,337

Canada

​

 

270,041

​

 

(27,727)

​

 

242,314

​

 

87,910

Corporate(a)

​

 

—

​

 

—

​

 

—

​

 

(11,657)

​

​

$

2,138,236

​

$

(258,368)

​

$

1,879,868

​

$

572,352

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

    

​

​

    

Intercompany

    

Reported

    

Segment

September 30, 2021

​

Revenue

​

Revenue(b)

​

Revenue

​

EBITDA(c)

Eastern

​

$

470,637

​

$

(74,408)

​

$

396,229

​

$

106,908

Southern

​

​

418,917

​

​

(47,959)

​

​

370,958

​

​

99,612

Western

​

 

371,846

​

 

(39,826)

​

 

332,020

​

 

108,280

Central

​

 

310,551

​

 

(36,869)

​

 

273,682

​

 

95,026

Canada

​

 

251,897

​

 

(27,618)

​

 

224,279

​

 

92,275

Corporate(a)

​

 

—

​

 

—

​

 

—

​

 

(6,551)

​

​

$

1,823,848

​

$

(226,680)

​

$

1,597,168

​

$

495,550

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​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended

​

​

​

​

Intercompany

​

Reported

​

Segment

September 30, 2022

    

Revenue

    

Revenue(b)

    

Revenue

    

EBITDA(c)

Eastern

​

$

1,664,120

​

$

(262,733)

​

$

1,401,387

​

$

367,223

Southern

​

​

1,375,785

​

​

(143,891)

​

​

1,231,894

​

​

363,785

Western

​

 

1,222,412

​

 

(129,300)

​

 

1,093,112

​

 

331,049

Central

​

 

1,022,470

​

 

(113,709)

​

 

908,761

​

 

317,397

Canada

​

 

789,531

​

 

(82,127)

​

 

707,404

​

 

265,402

Corporate(a)

​

 

—

​

 

—

​

 

—

​

 

(19,042)

​

​

$

6,074,318

​

$

(731,760)

​

$

5,342,558

​

$

1,625,814

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​

​

​

​

​

​

​

​

​

​

​

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Nine Months Ended

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​

​

​

Intercompany

​

Reported

​

Segment

September 30, 2021

    

Revenue

    

Revenue(b)

    

Revenue

    

EBITDA(c)

Eastern

​

$

1,310,265

​

$

(207,958)

​

$

1,102,307

​

$

295,411

Southern

​

​

1,214,798

​

​

(142,342)

​

​

1,072,456

​

​

291,964

Western

​

 

1,056,482

​

 

(113,669)

​

 

942,813

​

 

301,507

Central

​

 

882,159

​

 

(106,246)

​

 

775,913

​

 

268,952

Canada

​

 

711,281

​

 

(77,728)

​

 

633,553

​

 

254,857

Corporate(a)

​

 

—

​

 

—

​

 

—

​

 

(13,743)

​

​

$

5,174,985

​

$

(647,943)

​

$

4,527,042

​

$

1,398,948

​

____________________

(a)The majority of Corporate expenses are allocated to the five operating segments.  Direct acquisition expenses, expenses associated with common shares held in the deferred compensation plan exchanged for other investment options and share-based compensation expenses associated with Progressive Waste share-based grants outstanding at June 1, 2016 that were continued by the Company are not allocated to the five operating segments and comprise the net EBITDA of the Company’s Corporate segment for the periods presented.
(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 September 30, 2022 and December 31, 2021, were as follows:

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​

September 30, 

​

December 31, 

​

    

2022

    

2021

Eastern

​

$

4,076,614

​

$

3,652,311

Southern

 

​

3,718,418

 

​

3,513,355

Western

​

​

2,542,731

​

​

2,260,222

Central

​

​

2,680,170

​

​

2,332,564

Canada

​

​

2,557,822

​

​

2,513,608

Corporate

​

​

554,913

​

​

427,864

Total Assets

 

$

16,130,668

 

$

14,699,924

Changes in Goodwill by Reportable Segment

The following tables show changes in goodwill during the nine months ended September 30, 2022 and 2021, by reportable segment:

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​

​

​

​

​

​

​

​

​

​

​

​

    

Eastern

    

Southern

    

Western

    

Central

    

Canada

    

Total

Balance as of December 31, 2021

​

$

1,607,723

​

$

1,588,467

​

$

539,732

​

$

892,209

​

$

1,559,512

​

$

6,187,643

Goodwill acquired

​

 

182,697

​

​

83,970

​

​

8,060

​

​

73,788

​

​

167,926

​

 

516,441

Impact of changes in foreign currency

​

 

—

​

 

—

​

 

—

​

 

—

​

 

(129,224)

​

 

(129,224)

Balance as of September 30, 2022

​

$

1,790,420

​

$

1,672,437

​

$

547,792

​

$

965,997

​

$

1,598,214

​

$

6,574,860

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​

​

​

​

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​

​

​

​

​

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​

​

​

​

​

​

    

Eastern

    

Southern

    

Western

    

Central

    

Canada

    

Total

Balance as of December 31, 2020

​

$

1,374,577

​

$

1,532,215

​

$

442,862

​

$

824,204

​

$

1,552,792

​

$

5,726,650

Goodwill acquired

​

 

169,561

​

​

2,970

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​

60,999

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​

47,344

​

​

—

​

 

280,874

Goodwill acquisition adjustments

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​

—

​

​

—

​

​

—

​

​

—

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(2)

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​

(2)

Impact of changes in foreign currency

​

 

—

​

 

—

​

 

—

​

 

—

​

​

(989)

​

 

(989)

Balance as of September 30, 2021

​

$

1,544,138

​

$

1,535,185

​

$

503,861

​

$

871,548

​

$

1,551,801

​

$

6,006,533

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:

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​

​

​

​

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​

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Three Months Ended

​

Nine Months Ended

​

​

​

September 30, 

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September 30, 

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​

    

2022

    

2021

    

2022

    

2021

    

Eastern segment EBITDA

​

$

133,393

​

$

106,908

​

$

367,223

​

$

295,411

​

Southern segment EBITDA

​

​

130,668

​

​

99,612

​

​

363,785

​

​

291,964

​

Western segment EBITDA

​

 

115,701

​

​

108,280

​

​

331,049

​

​

301,507

​

Central segment EBITDA

​

 

116,337

​

​

95,026

​

​

317,397

​

​

268,952

​

Canada segment EBITDA

​

 

87,910

​

​

92,275

​

​

265,402

​

​

254,857

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Subtotal reportable segments

​

 

584,009

​

 

502,101

​

 

1,644,856

​

 

1,412,691

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Unallocated corporate overhead

​

 

(11,657)

​

​

(6,551)

​

​

(19,042)

​

​

(13,743)

​

Depreciation

​

 

(193,287)

​

​

(171,965)

​

​

(562,174)

​

​

(498,588)

​

Amortization of intangibles

​

 

(38,859)

​

​

(35,337)

​

​

(113,956)

​

​

(100,237)

​

Impairments and other operating items

​

 

(13,438)

​

​

(3,104)

​

​

(19,467)

​

​

(9,819)

​

Interest expense

​

 

(51,161)

​

​

(40,418)

​

​

(137,565)

​

​

(124,171)

​

Interest income

​

 

1,784

​

​

495

​

​

2,574

​

​

2,342

​

Other income (expense), net

​

 

8,487

​

​

3,140

​

​

2,373

​

​

5,452

​

Loss on early extinguishment of debt

​

​

—

​

​

(115,288)

​

​

—

​

​

(115,288)

​

Income before income tax provision

​

$

285,878

​

$

133,073

​

$

797,599

​

$

558,639

​