Business Operations

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Operations

Advanced Disposal Services, Inc. together with its consolidated subsidiaries (the "Company"), as a consolidated entity, is a non-hazardous solid waste services company which provides collection, transfer, recycling and disposal services. The Company manages and evaluates its principal operations through three reportable operating segments on a regional basis. Those operating segments are the South, East and Midwest regions. Additional information related to segments can be found in Note 10.

Acquisitions

No acquisitions were completed during the three months ended March 31, 2020. Two acquisitions were completed during the three months ended March 31, 2019 for aggregate consideration consisting of a cash purchase price of $24.9. Additionally, the Company made a $2.2 deferred purchase price payment during the three months ended March 31, 2019 related to an acquisition completed during the fourth quarter of fiscal 2018. The results of operations of each acquisition are included in the Company's unaudited condensed consolidated statements of operations subsequent to the closing date of each acquisition.

COVID-19

The Company is experiencing volume declines in all of its lines of business except residential due to deteriorating macroeconomic conditions and stay-at-home orders resulting from the COVID-19 pandemic. The Company is taking a number of steps to respond to this challenge including the following:


•	Reducing or eliminating face-to-face interactions with its employees;


•	Executing on enhanced protocols to keep vehicles, common areas, and offices extra clean;


•	Procuring additional personal protective equipment including masks, gloves, hand sanitizer, and cleaning solutions;


•	Reallocating resources, reducing overtime, and parking surplus equipment to reduce operating costs;


•	Rerouting where needed to maximize productivity and meet customer needs;


•	Flexing capital spending while still meeting business needs;


•	Significantly reducing travel and discretionary spending; and

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Maintaining higher target cash balances and as of March 31, 2020 able to access $227.7 million of additional liquidity from its revolving credit facility supported by a diverse group of lenders.