← GFL Environmental Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Net income (loss) | — | ($606.8m) | ($311.1m) | $32.2m | ($737.7m) | $3.8b | |
| Depreciation of property and equipment | $810.6m | $931.8m | $1.0b | $1.0b | $1.1b | $1.1b | |
| Amortization of intangible assets | $427.0m | $461.2m | $516.8m | $485.3m | $441.1m | $262.2m | |
| Deferred tax recovery | ($254.7m) | ($129.9m) | ($175.6m) | ($197.1m) | ($232.5m) | $778.9m | |
| Share-based payments | $37.9m | $45.7m | $55.1m | $124.8m | $104.7m | $151.5m | |
| Share of net loss (income) of investments accounted for using the equity method | — | $0 | ($20.7m) | $61.6m | ($18.2m) | $39.0m | |
| Loss (gain) on divestitures | $0 | ($153.3m) | ($4.9m) | ($580.5m) | $481.8m | ($4.4b) | |
| Gain on sale of property and equipment | $4.6m | $1.9m | $4.7m | ($13.1m) | ($2.2m) | ($89.9m) | |
| Current income tax expense | $1.3m | $23.9m | $4.5m | $357.0m | $25.4m | $28.6m | |
| Changes in non-cash working capital items | $21.1m | ($46.1m) | ($85.5m) | $31.0m | ($17.9m) | ($57.8m) | |
| Other | — | — | $7.2m | ($23.2m) | ($27.0m) | ($181.8m) | |
| Interest and other finance costs | $597.6m | $434.1m | $492.8m | $627.2m | $674.9m | $596.8m | |
| (Gain) loss on unrealized foreign exchange | ($37.3m) | $14.8m | $216.9m | ($72.1m) | $292.3m | ($257.1m) | |
| Change in value on Call Option | — | — | — | — | $0 | $60.0m | |
| Landfill closure and post-closure expenditures | ($21.7m) | ($37.1m) | ($27.5m) | ($32.5m) | ($37.0m) | ($45.4m) | |
| Cash flows from (used in) operating activities | $502.2m | $897.9m | $1.1b | $980.4m | $1.5b | $1.3b | |
| Purchase of property and equipment | ($428.3m) | ($647.2m) | ($780.1m) | ($1.1b) | ($1.2b) | ($1.1b) | |
| Proceeds from disposal of assets and other | — | — | $22.4m | $61.8m | $61.3m | $58.4m | |
| Distribution received from associates and joint ventures | — | — | — | $0 | $10.8m | $212.9m | |
| Cash flows from (used in) investing activities | ($4.4b) | ($2.7b) | ($1.7b) | ($310.4m) | ($1.7b) | $4.0b | |
| Repayment of lease obligations | ($72.7m) | ($74.0m) | ($69.8m) | ($116.0m) | ($103.8m) | ($115.0m) | |
| Proceeds from termination of hedged arrangements | — | — | $0 | $17.3m | $0 | $28.0m | |
| Payment for termination of hedged arrangements | — | — | — | $0 | ($7.5m) | ($2.2m) | |
| Payment of contingent purchase consideration and holdbacks | ($31.1m) | ($23.6m) | ($18.5m) | ($31.2m) | ($30.0m) | ($5.3m) | |
| Repurchase of subordinate voting shares | — | — | — | — | $0 | ($3.0b) | |
| Payment of financing costs | ($41.0m) | ($30.6m) | ($2.7m) | ($38.2m) | ($25.1m) | ($5.9m) | |
| Repayment of loan to related party | ($6.4m) | ($12.8m) | ($12.8m) | ($9.3m) | ($5.8m) | ($2.9m) | |
| Distribution to non-controlling interest | — | — | — | — | $0 | ($56.4m) | |
| Contribution from non-controlling interests | — | — | $0 | $8.1m | $29.4m | $27.1m | |
| Cash flows from (used in) financing activities | $3.3b | $2.0b | $569.0m | ($602.8m) | $163.2m | ($5.3b) | |
| Changes due to foreign exchange revaluation of cash | ($34.6m) | ($12.2m) | ($39.4m) | ($13.6m) | ($20.9m) | ($5.9m) | |
| Cash, beginning of year | $27.2m | $190.4m | $82.1m | $135.7m | $133.8m | $85.6m | |
| Business acquisitions and investments, net of cash acquired | ($3.9b) | ($2.3b) | ($1.3b) | ($966.3m) | ($649.5m) | ($983.2m) | |
| Proceeds from divestitures | — | — | $341.7m | $1.6b | $86.0m | $5.8b | |
| Issuance of long-term debt | $4.7b | $3.8b | $1.7b | $5.0b | $3.2b | $2.6b | |
| Repayment of long-term debt | ($6.2b) | ($2.0b) | ($904.5m) | ($5.4b) | ($2.9b) | ($4.8b) | |
| Dividends issued and paid | ($13.1m) | ($17.9m) | ($20.7m) | ($25.0m) | ($28.2m) | ($31.1m) | |
| (Decrease) increase in cash | ($513.0m) | $175.4m | ($68.9m) | $67.2m | $19.0m | ($42.3m) | |
| Interest paid in cash | ($402.2m) | ($286.4m) | ($413.2m) | ($517.1m) | ($490.4m) | ($449.2m) | |
| Income taxes paid in cash, net | $4.3m | ($11.0m) | ($24.4m) | ($411.6m) | ($43.8m) | ($34.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.