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82 <br /> Orange County <br /> 367-005451 - Recycling Processor and/or Municipal Solid Waste Disposal <br /> r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r <br /> 11 1 FINANCIAL CAPABILITY AND INSURANCE <br /> This section must include an indication of financial capability for handling services to be delivered,including Insurance Coverage. <br /> Insurance coverage requirements are listed in the County Contract, Services Agreement RFP/RFQ. <br /> Financial Strength: The Foundation for Our Commitment <br /> As a wholly—owned, indirect subsidiary of Waste Management, Inc., Recycle America Co., L.L.C. &Waste <br /> Management of Carolinas, Inc. does not report financial results. All financial reporting occurs through our <br /> parent entity. As a publicly traded company, Waste Management is held to the most stringent regulations <br /> for accurate and timely financial disclosure. <br /> Revenue in 2019 was $15.46 billion, and Waste Management has an asset base of$27.7 billion. The <br /> company generates strong and consistent cash flow and has access to an extensive line of credit. Waste <br /> Management's financial strength is the foundation for our <br /> commitment to serve our customers, perform our obligations, Full financial results are available on <br /> and protect the environment in carrying out our broad waste our website at investors.wm.com. <br /> management services. <br /> Waste Management has achieved solid investment-grade credit ratings from three major rating agencies. <br /> Most recently, the company has been assigned ratings of A-/A-2 by Standard & Poor's, BBB+ by Fitch, <br /> and Baal by Moody's. The ratings are based on expectations that management will maintain good <br /> liquidity, pursue a moderate financial policy, and allocate capital in a disciplined manner. The credit <br /> outlook from each agency for Waste Management is characterized as stable. <br /> Waste Management's financial strength, as summarized above, gives Orange County assurance that we <br /> can and will fulfill our obligations. <br /> • Waste Management is committed and financially able to perform all operations in full compliance <br /> with applicable federal, state, and local regulations and to provide clear documentation of that <br /> compliance. <br /> • Waste Management offers the most extensive network providing waste management services in <br /> North America, including transportation, disposal, treatment, recovery, remediation, waste <br /> identification, and several other specialty services. This network enables us to provide a single <br /> source of responsibility, from transportation through disposal of waste. <br /> • Typically, new capital requirements are internally financed by Waste Management using cash <br /> flow from existing operations -freeing our new trucks, carts, containers, and facility investments <br /> from the timelines and terms of third-party creditors. <br /> Waste Management's financial strength helps us to continually advance services for all of the customers <br /> we serve, including Orange County, and we are committed to maintaining that strength. <br /> Printed on 100% 26 W <br /> recycled&recyclable paper <br />