← Waste Connections, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $836.0m | $762.8m | $616.6m | $1.1b | |
| Net Income (Loss) Attributable to Parent | $246.5m | $576.8m | $546.9m | $566.8m | $204.7m | $618.0m | $835.7m | $762.8m | $617.6m | $1.1b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $247.3m | $577.4m | $547.2m | $566.7m | $204.0m | $618.5m | $836.0m | $762.8m | $616.6m | $1.1b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $781k | $603k | $283k | ($160k) | ($685k) | $442k | $339k | $26k | ($1.0m) | $0 | |
| Depreciation, Depletion and Amortization | $463.9m | $632.5m | $680.5m | $743.9m | $752.4m | $813.0m | $919.0m | $1.0b | $1.2b | $1.2b | |
| Amortization | $70.3m | $102.3m | $107.8m | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $4.8m | $4.3m | $4.2m | $5.0m | $7.5m | $5.1m | $5.5m | $6.5m | $10.0m | $8.4m | |
| Amortization of Intangible Assets | — | — | — | $125.5m | $131.3m | $139.3m | $155.7m | $157.6m | $189.8m | $201.5m | |
| Depreciation | $393.6m | $530.2m | $572.7m | $618.4m | $621.1m | $673.7m | $763.3m | $845.6m | $974.0m | $1.0b | |
| Amortization Cash Flow | — | — | — | — | — | — | $155.7m | $157.6m | $189.8m | $201.5m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $155.7m | $157.6m | $189.8m | $201.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $919.0m | $1.0b | $1.2b | $1.2b | |
| Deferred Income Tax Expense (Benefit) | $42.3m | ($152.4m) | $77.9m | $54.6m | ($50.5m) | $14.6m | $93.5m | $6.3m | ($57.3m) | $116.7m | |
| Deferred Other Tax Expense (Benefit) | — | — | $68.8m | — | — | — | — | — | — | — | |
| Deferred Income Tax | — | — | — | — | — | — | $93.5m | $6.3m | ($57.3m) | $116.7m | |
| Deferred Tax | — | — | — | — | — | — | $93.5m | $6.3m | ($57.3m) | $116.7m | |
| Share-based Payment Arrangement, Noncash Expense | $44.8m | $39.4m | $43.8m | $42.7m | $45.8m | $58.2m | $63.5m | $70.4m | $77.9m | $79.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $11.5m | $14.0m | $15.0m | $17.7m | $23.4m | $18.6m | $18.4m | $31.0m | $32.9m | $31.8m | |
| Share-based Payment Arrangement, Expense | $44.8m | $39.4m | $43.8m | $42.7m | $45.8m | $58.2m | — | — | — | — | |
| Goodwill, Impairment Loss | — | $77.3m | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Assets | ($26.7m) | ($134.5m) | ($10.2m) | ($60.6m) | ($445.6m) | ($27.7m) | ($9.5m) | ($38.9m) | ($122.6m) | ($113.6m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($115.3m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $114.0m | ($68.9m) | $160.0m | $139.2m | $49.9m | $152.3m | $213.0m | $220.7m | $146.4m | $341.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $326.8m | $334.6m | |
| Other Nonoperating Income (Expense) | $655k | $3.7m | $1.3m | $5.7m | ($1.4m) | $6.3m | $3.2m | $12.5m | $10.5m | $30.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $5.3m | $38.9m | $37.7m | $22.9m | ($46.8m) | $54.7m | $100.5m | $20.6m | $10.6m | $68.1m | |
| Increase (Decrease) in Accounts Payable | $54.2m | $50.0m | $16.1m | $71.1m | ($148.4m) | $66.8m | $192.8m | $32.3m | ($33.3m) | $57.1m | |
| Accretion Expense, Including Asset Retirement Obligations | $10.5m | $13.8m | $14.9m | $16.4m | $17.2m | $16.0m | $17.7m | $22.7m | $36.0m | $51.5m | |
| Asset Retirement Obligation, Accretion Expense | $8.7m | $11.7m | $12.8m | $14.3m | $14.9m | $14.3m | $16.1m | $19.4m | $29.4m | $48.0m | |
| Foreign Currency Transaction Gain (Loss), Realized | $1.1m | ($2.2m) | ($1.4m) | — | — | — | — | — | — | — | |
| Goodwill | $4.4b | $4.7b | $5.0b | $5.5b | $5.7b | $6.2b | $6.9b | $7.4b | $8.0b | $8.4b | |
| Beginning Cash Position | — | — | — | — | — | — | $219.6m | $181.4m | $184.0m | $198.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $1.0b | ($544.4m) | $944.9m | ($360.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.1b) | ($1.6b) | ($3.2b) | ($2.0b) | |
| Change In Account Payable | — | — | — | — | — | — | $192.8m | $32.3m | ($33.3m) | $57.1m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($28.1m) | $21.8m | $90.0m | $54.4m | |
| Change In Other Working Capital | — | — | — | — | — | — | $9.3m | ($31.2m) | ($241.0m) | ($294.3m) | |
| Change In Payable | — | — | — | — | — | — | $192.8m | $32.3m | ($33.3m) | $57.1m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $164.8m | $54.1m | $56.7m | $111.4m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($752k) | $10.3m | ($14.4m) | ($13.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($100.5m) | ($20.6m) | ($10.6m) | ($68.1m) | |
| Change In Working Capital | — | — | — | — | — | — | $72.8m | $12.5m | ($209.3m) | ($264.2m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($100.5m) | ($20.6m) | ($10.6m) | ($68.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($36.2m) | $1.3m | $14.7m | $30.8m | |
| End Cash Position | — | — | — | — | — | — | $181.4m | $184.0m | $198.2m | $229.6m | |
| Financing Cash Flow | — | — | — | — | — | — | $1.0b | ($544.4m) | $944.9m | ($360.0m) | |
| Free Cash Flow | — | — | — | — | — | — | $1.1b | $1.2b | $1.2b | $1.2b | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.1b) | ($1.6b) | ($3.2b) | ($2.0b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $660k | $794k | $2.0m | $323k | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.2b) | ($676.8m) | ($2.1b) | ($817.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $9.5m | $38.9m | $122.6m | $113.6m | |
| Other Non Cash Items | — | — | — | — | — | — | $10.9m | $215.2m | $494.4m | $45.4m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $3.3m | $3.9m | $4.5m | $5.5m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $17.4m | $17.4m | $20.2m | $14.5m | |
| Purchase Of Business | — | — | — | — | — | — | ($2.2b) | ($676.8m) | ($2.1b) | ($817.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($425.0m) | $0 | $0 | ($505.5m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $37.0m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $63.5m | $70.4m | $77.9m | $79.4m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $8.5m | $4.2m | ($9.1m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $795.3m | $1.2b | $1.4b | $1.5b | $1.4b | $1.7b | $2.0b | $2.1b | $2.2b | $2.4b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | — | $634.4m | $597.1m | $744.3m | $912.7m | $934.0m | $1.1b | $1.2b | |
| Capital Expenditure Reported | $344.7m | $479.3m | $546.1m | $634.4m | $597.1m | $744.3m | ($912.7m) | ($934.0m) | ($1.1b) | ($1.2b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $17.1m | $410.7m | $830.1m | $736.6m | $388.8m | $960.4m | $2.2b | $676.8m | $2.1b | $817.6m | |
| Payments for (Proceeds from) Other Investing Activities | $4.5m | $2.5m | $969k | ($310k) | $11.8m | $6.5m | ($1.7m) | $1.9m | $27.2m | $21.4m | |
| Net Other Investing Changes | — | — | — | — | — | — | $32.4m | $29.7m | ($19.3m) | ($11.3m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($966.2m) | ($1.4b) | ($1.4b) | ($1.0b) | ($1.7b) | ($3.1b) | ($1.6b) | ($3.2b) | ($2.0b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $3.5b | $973.8m | $1.0b | $1.6b | $1.8b | $2.1b | $4.8b | $1.8b | $4.6b | $2.7b | |
| Issuance Of Debt | — | — | — | — | — | — | $4.8b | $1.8b | $4.6b | $2.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $4.8b | $1.8b | $4.6b | $2.7b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.7b | ($233.4m) | $1.3b | $544.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.7b | ($233.4m) | $1.3b | $544.4m | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($367k) | ($1.1m) | ($790k) | — | — | |
| Repayments of Long-term Debt | $3.7b | $770.1m | $970.8m | $1.5b | $1.5b | $1.9b | $3.1b | $2.1b | $3.2b | $2.1b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.1b) | ($2.1b) | ($3.2b) | ($2.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.1b) | ($2.1b) | ($3.2b) | ($2.1b) | |
| Proceeds from Issuance of Common Stock | $19.9m | $10.8m | $2.7m | $4.0m | $679k | $430k | $660k | $794k | $2.0m | $323k | |
| Common Stock Issuance | — | — | — | — | — | — | $660k | $794k | $2.0m | $323k | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($424.3m) | $794k | $2.0m | ($505.2m) | |
| Payments for Repurchase of Common Stock | — | — | $58.9m | — | $105.7m | $339.0m | $425.0m | $0 | $0 | $505.5m | |
| Payments of Ordinary Dividends, Common Stock | $92.5m | $132.0m | $152.6m | $175.1m | $199.9m | $220.2m | $243.0m | $270.6m | $302.3m | $333.8m | |
| Common Stock Payments | — | — | — | — | — | — | ($425.0m) | $0 | $0 | ($505.5m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($243.0m) | ($270.6m) | ($302.3m) | ($333.8m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($243.0m) | ($270.6m) | ($302.3m) | ($333.8m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($1.1m) | ($103k) | ($570k) | — | — | — | — | ($4.0m) | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($49.6m) | ($45.1m) | ($78.3m) | ($70.9m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $56.8m | ($187.6m) | ($95.9m) | ($78.2m) | ($499.5m) | $1.0b | ($544.4m) | $944.9m | ($360.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($1.3m) | $608k | $6.9m | ($25k) | ($2.0m) | $1.3m | ($561k) | $622k | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.0m) | $1.3m | ($561k) | $622k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($149.5m) | $19.3m | $291.2m | ($494.8m) | ($38.3m) | $2.7m | $14.1m | $31.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $404.0m | $423.2m | $714.4m | $219.6m | $181.4m | $184.0m | $198.2m | $229.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($38.3m) | $2.7m | $14.1m | $31.4m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $87.7m | $115.6m | $124.3m | $139.7m | $142.3m | $157.5m | $177.4m | $260.9m | $298.9m | $308.3m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $100.2m | $207.0m | $216.0m | $221.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.