1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) APRIL 25, 2000

                         Commission file number: 1-14267

                             REPUBLIC SERVICES, INC.
             (Exact Name of Registrant as Specified in its Charter)

             Delaware                                   65-0716904
     ------------------------              ------------------------------------
     (State of Incorporation)              (I.R.S. Employer Identification No.)


               Republic Services, Inc.
           110 S.E. 6th Street, 28th Floor
              Fort Lauderdale, Florida                      33301
      ----------------------------------------            ----------
      (Address of Principal Executive Offices)            (Zip Code)


       Registrant's telephone number, including area code: (954) 769-2400





   2



ITEM 5.  OTHER EVENTS


On April 25, 2000, Republic Services, Inc. issued a press release to announce
operating results for the three months ended March 31, 2000, a copy of which is
included herein by reference and attached hereto as Exhibit 99.



ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

         Exhibit No.        Description
         -----------        -----------

            99              Press Release of the Company dated April 25, 2000.












                                       2
   3






                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


April 25, 2000                             REPUBLIC SERVICES, INC.



                                           By: /s/  Tod C. Holmes
                                               -----------------------------
                                               Tod C. Holmes
                                               Senior Vice President and
                                               Chief Financial Officer
                                               (Principal Financial Officer)



                                            By: /s/  Charles F. Serianni
                                               -----------------------------
                                               Charles F. Serianni
                                               Chief Accounting Officer
                                               (Principal Accounting Officer)











                                       3

   1
                                                                      EXHIBIT 99


                                                    REPUBLIC CONTACTS
                               Media Inquiries:     Will Flower (954) 769-6392
                               Investor Inquiries:  Tod Holmes  (954) 769-2387
                                                    Ed Lang     (954) 769-3591



           REPUBLIC SERVICES, INC. REPORTS FIRST QUARTER EARNINGS PER
           SHARE OF $.29, A $.03 INCREASE OVER COMPARABLE 1999 RESULTS

         FORT LAUDERDALE, FLA., APRIL 25, 2000...Republic Services, Inc. (NYSE:
RSG) today reported that for the three months ended March 31, 2000, net income
rose to $50.2 million, or $0.29 per share. This represents a 9% increase from
$45.9 million, or $0.26 per share, compared to pro forma results last year.
Revenue increased 23% to $501.5 million from $407.6 million for the same period
in 1999. Operating income for the three months ended March 31, 2000, increased
22% to $101.7 million, compared to $83.4 million for the same quarter last year.

         Commenting on the Company's performance James E. O'Connor, Chief
Executive Officer of Republic Services, said, "We are pleased with our strong
performance during the first quarter of 2000. Our organization has an incentive
program which focuses on maximizing our free cash flow and we are already
beginning to see the benefits of this approach. During the first quarter, our
capital spending was in line with expectations and our days sales outstanding in
our accounts receivable improved to 44 days from 45 days in the prior quarter.
We believe that we are well on our way to achieving our goal of $100-120 million
in free cash flow this year. In addition, our continuing focus on waste business
fundamentals helped us once again realize a solid internal growth rate of 8.4%
during the quarter, consisting of 2.6% price and 5.8% volume."

         Republic Services, Inc. is a leading provider of solid waste
collection, transfer and disposal services in the United States. The Company's
operating units are focused on providing solid waste services for commercial,
industrial, municipal and residential customers.










   2




Certain statements and information included herein constitute "forward-looking
statements" within the meaning of the Federal Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance, or achievements of the Company to be materially different from any
future results, performance, or achievements expressed or implied, in or by such
forward-looking statements. Such factors include, among other things, whether
the Company's estimates and assumptions concerning its selected balance sheet
accounts, closure and post-closure costs, available airspace, and projected
costs and expenses related to the Company's landfills and property, plant and
equipment, turn out to be correct or appropriate, and various factors that will
impact the actual business and financial performance of the Company such as
competition in the solid waste industry; dependence on acquisitions for growth;
the Company's ability to manage growth; compliance with and future changes in
environmental regulations; the Company's ability to obtain approval from
regulatory agencies in connection with expansions at the Company's landfills;
the ability to obtain financing on acceptable terms to finance the Company's
operations and growth strategy and for the Company to operate within the
limitations imposed by financing arrangements; the Company's dependence on key
personnel; general economic conditions; dependence on large, long-term
collection contracts; risk associated with undisclosed liabilities of acquired
businesses; risks associated with pending legal proceedings; and other factors
contained in the Company's filings with the Securities and Exchange Commission.




                                       ###


   3



                             REPUBLIC SERVICES, INC.
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                      (In millions, except per share data)



Three Months Ended March 31, ----------------------------------------- Pro Forma 2000 1999 1999 --------- --------- --------- Revenue $ 501.5 $ 407.6 $ 407.6 Expenses: Cost of operations 306.1 248.8 248.8 Depreciation, amortization and depletion 46.3 33.4 33.4 Selling, general and administrative 47.4 43.3 39.3 AutoNation overhead charges -- 2.7 2.7 --------- --------- --------- Operating income 101.7 79.4 83.4 Interest expense, net (20.3) (8.7) (8.7) Other income (expense), net 0.2 (0.1) (0.1) --------- --------- --------- Income before income taxes 81.6 70.6 74.6 Provision for income taxes 31.4 27.2 28.7 --------- --------- --------- Net income $ 50.2 $ 43.4 $ 45.9 ========= ========= ========= Basic and diluted earnings per share $ 0.29 $ 0.25 $ 0.26 ========= ========= ========= Weighted average common and common equivalent shares outstanding 175.5 175.4 175.4 ========= ========= ========= Amortization of goodwill and other intangibles $ 9.4 $ 7.1 $ 7.1 EBITDA $ 148.0 $ 112.8 $ 116.8
Note: The Pro Forma Unaudited Consolidated Statement of Operations for the three months ended March 31, 1999 excludes a $4.0 million pre-tax charge for costs related to the Company's separation from its former parent company, AutoNation, Inc. There were no pro forma adjustments during the three months ended March 31, 2000. Certain amounts in the fiscal 1999 financial statements, as previously reported, have been reclassified to conform to the fiscal 2000 presentation. 4 REPUBLIC SERVICES, INC. SUPPLEMENTAL UNAUDITED FINANCIAL INFORMATION The following information should be read in conjunction with the Company's audited Consolidated Financial Statements and notes thereto appearing in the Company's Form 10-K as of and for the year ended December 31, 1999. CASH FLOW The following table reflects certain components of the Company's consolidated statements of cash flows for the three months ended March 31, 2000 and 1999 (in millions):
March 31, 2000 March 31, 1999 -------------- -------------- Depreciation, amortization and depletion of property and equipment $ 36.9 $ 26.3 Amortization of intangible assets $ 9.4 $ 7.1 Capital expenditures $ (49.2) $ (57.1)
During December 1999, the Company entered into a $100.0 million operating lease facility established to finance the acquisition of operating equipment (primarily revenue-producing vehicles). At March 31, 2000, $43.9 million was outstanding under the lease facility, of which $7.7 million was added during the three months ended March 31, 2000. Capital expenditures include $.7 million and $1.7 million of capitalized interest for the three months ended March 31, 2000 and 1999, respectively. As of March 31, 2000, accounts receivable were $244.5 million, net of allowance for doubtful accounts of $13.7 million, resulting in days sales outstanding of 44 (or 33 days net of deferred revenue). REVENUE The following table reflects total revenue of the Company by revenue source for the three months ended March 31, 2000 and 1999 (in millions):
March 31, 2000 March 31, 1999 ------------------------- ------------------------ Collection: Residential $ 100.7 20.1% $ 83.4 20.5% Commercial 150.1 29.9 125.3 30.7 Industrial 114.8 22.9 89.6 22.0 Other 15.4 3.1 11.0 2.7 --------- ----- --------- ----- Total collection 381.0 76.0 309.3 75.9 Transfer and disposal 133.7 90.3 Less: Intercompany (49.6) (27.5) --------- --------- Transfer and disposal, net 84.1 16.8 62.8 15.4 Other 36.4 7.2 35.5 8.7 --------- ----- --------- ----- Total revenue $ 501.5 100.0% $ 407.6 100.0% ========= ===== ========= =====
5 The following table reflects the Company's revenue growth for the three months ended March 31, 2000 and 1999:
March 31, 2000 March 31, 1999 -------------- -------------- Price 2.6% 2.2% Volume 5.8 5.9 ------- ------- Total internal growth 8.4 8.1 Acquisitions 14.7 26.8 ------- ------- Total revenue growth 23.1% 34.9% ======= =======