Republic Services — Aug 6, 2026 release

Adjusted Free Cash Flow Our anticipated adjusted free cash flow, which is not a measure determined in accordance with U.S. GAAP, for the year ending December 31, 2026, is calculated as follows (in millions of dollars): (Anticipated) Year Ending December 31, 2026 Cash provided by operating activities $ 4,485 - 4,560 Property and equipment received (1,970) - (2,010) Proceeds from sales of property and equipment 10 Restructuring payments, net of tax 15 Adjusted free cash flow $ 2,540 - 2,575 We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments. Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies. Our financial guidance is based on current economic conditions and does not assume any significant changes in the overall economy for the remainder of 2026. INFORMATION REGARDING FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information about us that is