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Subsequent Event
3 Months Ended
Mar. 31, 2020
Subsequent Event  
Subsequent Event

15. Subsequent Event

The challenges posed by the COVID-19 pandemic on the global economy increased rapidly at the end of the first quarter of 2020, impacting our business in most geographies and across a variety of our customer types. Steps taken by national and local governments to slow the spread of the virus, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews, shelter-in-place orders and recommendations to practice social

distancing have resulted in revenue declines at our landfills, as well as decreased service levels from our industrial and commercial collection customers. Additionally, the cost to service our residential customers has increased as stay-at-home orders have increased the waste we collect in this line of business. Given the timing of many of these impacts, COVID-19 did not have a material adverse impact on our financial statements as of and for the three months ended March 31, 2020.  However, we expect the COVID-19 pandemic to have a negative impact on our financial position, results of operations and cash flows in the near term. The ultimate impacts of COVID-19 on our long-term outlook for the business will depend on future developments, including the duration of the pandemic and the related length of its impact on the global economy.  These factors and their impacts on our business, financial condition, results of operations and cash flows are uncertain and cannot be predicted at this time.