| Summarized financial information concerning reportable segments |
Summarized financial information concerning our reportable segments for the three months ended June 30, 2024 and 2023 follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Group 1 | | Group 2 | | Recycling & Waste Subtotal (1) | | Group 3
(Environmental Solutions) | | Corporate entities and other | | Total | Three Months Ended June 30, 2024 | | Gross Revenue | $ | 2,090.8 | | | $ | 2,004.5 | | | $ | 4,095.3 | | | $ | 480.5 | | | $ | 87.4 | | | $ | 4,663.2 | | | Intercompany Revenue | (314.4) | | | (269.9) | | | (584.3) | | | (13.1) | | | (17.8) | | | (615.2) | | | Revenue allocations | 33.3 | | | 31.1 | | | 64.4 | | | 5.2 | | | (69.6) | | | — | | | Net Revenue | $ | 1,809.7 | | | $ | 1,765.7 | | | $ | 3,575.4 | | | $ | 472.6 | | | $ | — | | | $ | 4,048.0 | | | Adjusted EBITDA | $ | 590.3 | | | $ | 555.2 | | | $ | 1,145.5 | | | $ | 112.3 | | | $ | — | | | $ | 1,257.8 | | | | | | | | | | | | | | | Capital Expenditures | $ | 136.1 | | | $ | 124.1 | | | $ | 260.2 | | | $ | 26.3 | | | $ | 116.9 | | | $ | 403.4 | | | Total Assets | $ | 13,659.3 | | | $ | 10,954.4 | | | $ | 24,613.7 | | | $ | 4,448.1 | | | $ | 2,872.3 | | | $ | 31,934.1 | | | | | | | | | | | | | | Three Months Ended June 30, 2023 | | Gross Revenue | $ | 1,933.7 | | | $ | 1,907.6 | | | $ | 3,841.3 | | | $ | 419.5 | | | $ | 60.6 | | | $ | 4,321.4 | | | Intercompany Revenue | (299.4) | | | (260.0) | | | (559.4) | | | (14.6) | | | (21.5) | | | (595.5) | | | Revenue allocations | 23.3 | | | 22.4 | | | 45.7 | | | (6.6) | | | (39.1) | | | — | | | Net Revenue | $ | 1,657.6 | | | $ | 1,670.0 | | | $ | 3,327.6 | | | $ | 398.3 | | | $ | — | | | $ | 3,725.9 | | | Adjusted EBITDA | $ | 527.1 | | | $ | 499.2 | | | $ | 1,026.3 | | | $ | 89.8 | | | $ | — | | | $ | 1,116.1 | | | | | | | | | | | | | | | Capital Expenditures | $ | 125.9 | | | $ | 136.0 | | | $ | 261.9 | | | $ | 16.9 | | | $ | 56.9 | | | $ | 335.7 | | | Total Assets | $ | 13,024.0 | | | $ | 10,780.1 | | | $ | 23,804.1 | | | $ | 3,971.5 | | | $ | 2,047.7 | | | $ | 29,823.3 | |
(1) The Recycling & Waste Subtotal represents the combined results of our Group 1 and Group 2 reportable segments. Summarized financial information concerning our reportable segments for the six months ended June 30, 2024 and 2023 follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Group 1 | | Group 2 | | Recycling & Waste Subtotal (1) | | Group 3
(Environmental Solutions) | | Corporate entities and other | | Total | Six Months Ended June 30, 2024 | | Gross Revenue | $ | 4,108.8 | | | $ | 3,917.7 | | | $ | 8,026.5 | | | $ | 909.5 | | | $ | 166.5 | | | $ | 9,102.5 | | | Intercompany Revenue | (615.1) | | | (518.3) | | | (1,133.4) | | | (24.5) | | | (34.8) | | | (1,192.7) | | | Revenue allocations | 62.5 | | | 58.3 | | | 120.8 | | | 10.9 | | | (131.7) | | | — | | | Net Revenue | $ | 3,556.2 | | | $ | 3,457.7 | | | $ | 7,013.9 | | | $ | 895.9 | | | $ | — | | | $ | 7,909.8 | | | Adjusted EBITDA | $ | 1,149.2 | | | $ | 1,074.2 | | | $ | 2,223.4 | | | $ | 198.9 | | | $ | — | | | $ | 2,422.3 | | | | | | | | | | | | | | | Capital Expenditures | $ | 318.1 | | | $ | 257.8 | | | $ | 575.9 | | | $ | 60.6 | | | $ | 281.4 | | | $ | 917.9 | | | Total Assets | $ | 13,659.3 | | | $ | 10,954.4 | | | $ | 24,613.7 | | | $ | 4,448.1 | | | $ | 2,872.3 | | | $ | 31,934.1 | | | | | | | | | | | | | | Six Months Ended June 30, 2023 | | Gross Revenue | $ | 3,774.0 | | | $ | 3,725.9 | | | $ | 7,499.9 | | | $ | 840.6 | | | $ | 128.0 | | | $ | 8,468.5 | | | Intercompany Revenue | (586.5) | | | (502.5) | | | (1,089.0) | | | (29.4) | | | (43.1) | | | (1,161.5) | | | Revenue allocations | 45.6 | | | 43.9 | | | 89.5 | | | (4.6) | | | (84.9) | | | — | | | Net Revenue | $ | 3,233.1 | | | $ | 3,267.3 | | | $ | 6,500.4 | | | $ | 806.6 | | | $ | — | | | $ | 7,307.0 | | | Adjusted EBITDA | $ | 1,016.6 | | | $ | 964.3 | | | $ | 1,980.9 | | | $ | 175.3 | | | $ | — | | | $ | 2,156.2 | | | | | | | | | | | | | | | Capital Expenditures | $ | 247.3 | | | $ | 241.8 | | | $ | 489.1 | | | $ | 38.2 | | | $ | 187.0 | | | $ | 714.3 | | | Total Assets | $ | 13,024.0 | | | $ | 10,780.1 | | | $ | 23,804.1 | | | $ | 3,971.5 | | | $ | 2,047.7 | | | $ | 29,823.3 | |
(1) The Recycling & Waste Subtotal represents the combined results of our Group 1 and Group 2 reportable segments.
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| Schedule of adjusted EBITDA and EBITDA margin |
A reconciliation of the Company's single measure of segment profitability (segment Adjusted EBITDA) to Income before income tax provision in the Consolidated Statements of Net Income is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2024 | | 2023 | | 2024 | | 2023 | | Group 1 Adjusted EBITDA | $ | 590.3 | | | $ | 527.1 | | | $ | 1,149.2 | | | $ | 1,016.6 | | | Group 2 Adjusted EBITDA | 555.2 | | | 499.2 | | | 1,074.2 | | | 964.3 | | | Group 3 Adjusted EBITDA | 112.3 | | | 89.8 | | | 198.9 | | | 175.3 | | | Total Adjusted EBITDA | 1,257.8 | | | 1,116.1 | | | 2,422.3 | | | 2,156.2 | | | Other income, net | (0.7) | | | 0.6 | | | (13.3) | | | (1.9) | | | Interest income | (1.6) | | | (1.6) | | | (3.1) | | | (3.0) | | | Interest expense | 128.3 | | | 124.4 | | | 267.6 | | | 251.1 | | | Depreciation, amortization and depletion | 413.0 | | | 358.3 | | | 812.2 | | 717.0 | | | Accretion | 26.7 | | | 24.5 | | | 53.4 | | | 48.6 | | | Loss (income) from unconsolidated equity method investment | 33.8 | | | 3.6 | | | 42.5 | | | 2.7 | | | Loss on extinguishment of debt and other related costs | — | | | — | | | — | | | 0.2 | | | Restructuring charges | 5.7 | | | 15.5 | | | 11.5 | | | 21.0 | | | | | | | | | | | US Ecology, Inc. acquisition integration and deal costs | — | | | 10.6 | | | — | | | 18.2 | | | Gain on business divestitures and impairments, net | (1.4) | | | — | | | (1.4) | | | — | | | Income before income taxes | $ | 654.0 | | | $ | 580.2 | | | $ | 1,252.9 | | | $ | 1,102.3 | |
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