Cash flow Waste Connections, Inc.

Equities

WCN

CA94106B1013

Environmental Services & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-01-22 pm EST			5-day change	1st Jan Change
178.45 ^USD	-0.24%		+0.99%	+4.00%

Jan. 03	RBC on Waste Connections Closing Chiquita Canyon Landfill in California	MT
Dec. 19	GFL Environmental and Waste Connections Price Targets Raised at CIBC	MT

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Published financial data: WASTE CONNECTIONS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.39B	5.45B	6.15B	7.21B	8.02B
Total Revenues	5.39B	5.45B	6.15B	7.21B	8.02B
Cost of Goods Sold, Total	3.2B	3.28B	3.65B	4.34B	4.74B
Gross Profit	2.19B	2.17B	2.5B	2.88B	3.28B
Selling General & Admin Expenses, Total	531M	522M	593M	671M	774M
Depreciation & Amortization - (IS)	618M	621M	674M	763M	846M
Amortization of Goodwill and Intangible Assets - (IS)	126M	131M	139M	156M	158M
Other Operating Expenses	752K	1.02M	1.82M	-970K	158M
Other Operating Expenses, Total	1.28B	1.28B	1.41B	1.59B	1.94B
Operating Income	914M	893M	1.09B	1.29B	1.34B
Interest Expense, Total	-147M	-162M	-163M	-202M	-275M
Interest And Investment Income	9.78M	5.25M	2.92M	5.95M	9.35M
Net Interest Expenses	-138M	-157M	-160M	-196M	-265M
Currency Exchange Gains (Loss)	-	-	-	-	400K
Other Non Operating Income (Expenses)	5.7M	-1.39M	6.28M	3.15M	7.88M
EBT, Excl. Unusual Items	783M	735M	936M	1.09B	1.09B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-15.44M	-15.34M	-19.71M	-25.02M	-8.93M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-8.5M	-10.5M	500K	-	-5.4M
Asset Writedown	-33.8M	-417M	-18.7M	-	-25M
Insurance Settlements	-	-	-	-	8.7M
Legal Settlements	-2M	-	-	-8.4M	-10.6M
Other Unusual Items	-16.9M	-37.82M	-128M	-10.8M	-60.5M
EBT, Incl. Unusual Items	706M	254M	771M	1.05B	984M
Income Tax Expense	139M	49.92M	152M	213M	221M
Earnings From Continuing Operations	567M	204M	618M	836M	763M
Net Income to Company	567M	204M	618M	836M	763M
Minority Interest	160K	685K	-442K	-339K	-26K
Net Income - (IS)	567M	205M	618M	836M	763M
Net Income to Common Incl Extra Items	567M	205M	618M	836M	763M
Net Income to Common Excl. Extra Items	567M	205M	618M	836M	763M
Per Share Items
Net EPS - Basic	2.15	0.78	2.37	3.25	2.96
Basic EPS - Continuing Operations	2.15	0.78	2.37	3.25	2.96
Basic Weighted Average Shares Outstanding	264M	263M	261M	257M	258M
Net EPS - Diluted	2.14	0.78	2.36	3.24	2.95
Diluted EPS - Continuing Operations	2.14	0.78	2.36	3.24	2.95
Diluted Weighted Average Shares Outstanding	265M	264M	262M	258M	258M
Normalized Basic EPS	1.85	1.75	2.24	2.65	2.63
Normalized Diluted EPS	1.85	1.74	2.23	2.65	2.63
Dividend Per Share	0.66	0.76	0.84	0.94	1.05
Payout Ratio	30.88	97.66	35.63	29.08	35.48
Supplemental Items
EBITDA	1.66B	1.65B	1.9B	2.21B	2.35B
EBITA	1.04B	1.02B	1.23B	1.44B	1.5B
EBIT	914M	893M	1.09B	1.29B	1.34B
EBITDAR	1.7B	1.69B	1.94B	2.25B	2.39B
Effective Tax Rate - (Ratio)	19.72	19.66	19.75	20.3	22.44
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	84.57M	100M	138M	119M	214M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	54.64M	-50.49M	14.56M	93.48M	6.33M
Normalized Net Income	489M	460M	585M	683M	678M
Interest on Long-Term Debt	147M	162M	163M	202M	275M
Supplemental Operating Expense Items
Advertising Expense	5.41M	4.87M	7.16M	8.34M	9.1M
Selling and Marketing Expenses	5.41M	4.87M	7.16M	8.34M	9.1M
Net Rental Expense, Total	38.71M	39.41M	40.38M	41.89M	47.84M
Imputed Operating Lease Interest Expense	10.39M	10.65M	10.22M	10.94M	14.86M
Imputed Operating Lease Depreciation	28.32M	28.76M	30.16M	30.95M	32.98M
Stock-Based Comp., SG&A Exp. (Total)	42.67M	45.75M	58.22M	63.48M	70.44M
Total Stock-Based Compensation	42.67M	45.75M	58.22M	63.48M	70.44M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	327M	617M	147M	78.64M	78.4M
Trading Asset Securities, Total	2.84M	-	-	17.91M	15.84M
Total Cash And Short Term Investments	330M	617M	147M	96.54M	94.24M
Accounts Receivable, Total	663M	630M	710M	834M	857M
Other Receivables	-	-	61.3M	43.06M	28.12M
Total Receivables	663M	630M	771M	877M	885M
Inventory	-	-	44.26M	55.19M	61.67M
Prepaid Expenses	138M	161M	22.47M	31.59M	26.61M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	-	-	47.69M	57.41M	74.19M
Total Current Assets	1.13B	1.41B	1.03B	1.12B	1.14B
Gross Property Plant And Equipment	9.17B	9.46B	10.44B	12.26B	13.33B
Accumulated Depreciation	-3.47B	-4B	-4.55B	-5.12B	-5.84B
Net Property Plant And Equipment	5.7B	5.46B	5.88B	7.14B	7.49B
Long-term Investments	-	-	-	13.9M	6.94M
Goodwill	5.51B	5.73B	6.19B	6.9B	7.4B
Other Intangibles, Total	1.16B	1.16B	1.35B	1.67B	1.6B
Deferred Charges Long-Term	3.94M	19.67M	18.95M	25.84M	28.07M
Other Long-Term Assets, Total	230M	227M	227M	258M	241M
Total Assets	13.74B	13.99B	14.7B	17.13B	17.92B
Liabilities
Accounts Payable, Total	437M	291M	393M	639M	642M
Accrued Expenses, Total	266M	362M	398M	409M	424M
Short-term Borrowings	15.95M	17.08M	16.72M	15.64M	14.86M
Current Portion of Long-Term Debt	4.14M	27.64M	22.63M	4.06M	23.48M
Current Portion of Leases	29.93M	31.32M	40.08M	37.86M	35.51M
Unearned Revenue Current, Total	216M	234M	274M	325M	355M
Other Current Liabilities	37.38M	66.57M	89.22M	81.99M	192M
Total Current Liabilities	1.01B	1.03B	1.23B	1.51B	1.69B
Long-Term Debt	4.39B	4.78B	5.06B	6.88B	6.72B
Long-Term Leases	160M	150M	138M	174M	245M
Deferred Tax Liability Non Current	819M	760M	851M	1.01B	1.02B
Other Non Current Liabilities	421M	410M	420M	439M	544M
Total Liabilities	6.8B	7.13B	7.71B	10.02B	10.22B
Common Stock, Total	4.14B	4.03B	3.69B	3.27B	3.28B
Additional Paid In Capital	155M	171M	199M	244M	284M
Retained Earnings	2.65B	2.66B	3.06B	3.65B	4.14B
Comprehensive Income and Other	-10.96M	-651K	39.58M	-56.83M	-9.83M
Total Common Equity	6.93B	6.86B	6.99B	7.11B	7.69B
Minority Interest	4.85M	4.16M	4.61M	4.95M	4.97M
Total Equity	6.94B	6.86B	6.99B	7.11B	7.7B
Total Liabilities And Equity	13.74B	13.99B	14.7B	17.13B	17.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	264M	262M	257M	257M	258M
ECS Total Common Shares Outstanding	264M	263M	260M	257M	258M
Book Value / Share	26.3	26.1	26.86	27.64	29.86
Tangible Book Value	260M	-22.46M	-549M	-1.47B	-1.32B
Tangible Book Value Per Share	0.98	-0.09	-2.11	-5.71	-5.11
Total Debt	4.6B	5.01B	5.28B	7.11B	7.04B
Net Debt	4.27B	4.39B	5.13B	7.02B	6.94B
Debt Equivalent Oper. Leases	310M	315M	323M	335M	383M
Minority Interest, Total (Incl. Fin. Div)	4.85M	4.16M	4.61M	4.95M	4.97M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.08B	1.15B	1.34B	1.67B	1.81B
Machinery, Total	2.76B	3.05B	3.42B	3.9B	4.31B
Full Time Employees	18.2K	18.93K	20K	22.11K	22.54K
Accumulated Allowance for Doubtful Accounts (Supple)	16.43M	19.38M	18.48M	22.94M	23.55M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	567M	205M	618M	836M	763M
Depreciation & Amortization - CF	642M	621M	674M	763M	846M
Amortization of Goodwill and Intangible Assets - (CF)	126M	131M	139M	156M	158M
Depreciation & Amortization, Total	768M	752M	813M	919M	1B
Amortization of Deferred Charges, Total - (CF)	5M	7.51M	5.06M	5.45M	6.48M
(Gain) Loss From Sale Of Asset	52.59M	28.26M	9.03M	9.52M	38.88M
Asset Writedown & Restructuring Costs	8M	417M	18.7M	-	-
Provision for Credit Losses	-	-	9.72M	-	-
Stock-Based Compensation (CF)	42.67M	45.75M	58.22M	63.48M	70.44M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	17.35M	17.43M
Other Operating Activities, Total	70.16M	-23.49M	147M	99.26M	215M
Change In Accounts Receivable	-22.93M	46.84M	-54.69M	-101M	-20.63M
Change In Accounts Payable	71.15M	-148M	66.75M	193M	32.33M
Change in Unearned Revenues	19.16M	14.98M	31.71M	42.25M	26.52M
Change in Other Net Operating Assets	-40.11M	62.57M	-24.76M	-61.76M	-25.68M
Cash from Operations	1.54B	1.41B	1.7B	2.02B	2.13B
Capital Expenditure	-666M	-665M	-744M	-913M	-934M
Sale of Property, Plant, and Equipment	3.57M	19.08M	42.77M	30.68M	31.58M
Cash Acquisitions	-762M	-389M	-985M	-2.21B	-677M
Other Investing Activities, Total	-1.87M	-11.78M	-6.49M	1.73M	-1.87M
Cash from Investing	-1.43B	-1.05B	-1.69B	-3.09B	-1.58B
Short Term Debt Issued, Total	-	1.1M	-	-	-
Long-Term Debt Issued, Total	1.58B	1.82B	2.11B	4.82B	1.82B
Total Debt Issued	1.58B	1.82B	2.11B	4.82B	1.82B
Short Term Debt Repaid, Total	-2.56M	-	-367K	-1.08M	-790K
Long-Term Debt Repaid, Total	-1.47B	-1.54B	-1.89B	-3.07B	-2.05B
Total Debt Repaid	-1.47B	-1.54B	-1.89B	-3.08B	-2.05B
Issuance of Common Stock	4.04M	679K	1.65M	3.93M	4.7M
Repurchase of Common Stock	-17.66M	-129M	-358M	-443M	-31.01M
Common Dividends Paid	-175M	-200M	-220M	-243M	-271M
Common & Preferred Stock Dividends Paid	-175M	-200M	-220M	-243M	-271M
Other Financing Activities, Total	-9.72M	-23.68M	-142M	-30.18M	-13.32M
Cash from Financing	-95.89M	-78.22M	-499M	1.03B	-544M
Foreign Exchange Rate Adjustments	608K	6.91M	-25K	-2.04M	1.34M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	19.26M	291M	-495M	-38.25M	2.67M
Supplemental Items
Cash Interest Paid	140M	142M	157M	177M	261M
Cash Income Tax Paid (Refund)	81.05M	105M	146M	100M	207M
Levered Free Cash Flow	682M	603M	818M	919M	946M
Unlevered Free Cash Flow	769M	697M	914M	1.04B	1.11B
Change In Net Working Capital	-52.52M	-5.45M	-106M	-166M	-133M
Net Debt Issued / Repaid	103M	274M	219M	1.74B	-234M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.34	4.03	4.75	5.05	4.79
Return on Total Capital	5.15	4.77	5.64	6.07	5.79
Return On Equity %	8.46	2.96	8.93	11.85	10.3
Return on Common Equity	8.47	2.97	8.93	11.86	10.31
Margin Analysis
Gross Profit Margin %	40.64	39.83	40.6	39.88	40.86
SG&A Margin	9.85	9.59	9.63	9.31	9.65
EBITDA Margin %	30.77	30.22	30.93	30.58	29.24
EBITA Margin %	19.3	18.82	19.98	20	18.7
EBIT Margin %	16.97	16.41	17.72	17.84	16.73
Income From Continuing Operations Margin %	10.52	3.75	10.05	11.59	9.51
Net Income Margin %	10.52	3.76	10.05	11.59	9.51
Net Avail. For Common Margin %	10.52	3.76	10.05	11.59	9.51
Normalized Net Income Margin	9.08	8.45	9.51	9.47	8.45
Levered Free Cash Flow Margin	12.65	11.08	13.29	12.74	11.79
Unlevered Free Cash Flow Margin	14.26	12.81	14.86	14.42	13.85
Asset Turnover
Asset Turnover	0.41	0.39	0.43	0.45	0.46
Fixed Assets Turnover	0.99	0.98	1.09	1.11	1.1
Receivables Turnover (Average Receivables)	8.47	8.42	9.18	9.34	9.49
Inventory Turnover (Average Inventory)	-	-	90.24	87.2	81.2
Short Term Liquidity
Current Ratio	1.12	1.37	0.84	0.74	0.68
Quick Ratio	0.99	1.21	0.74	0.64	0.58
Operating Cash Flow to Current Liabilities	1.53	1.37	1.38	1.34	1.26
Days Sales Outstanding (Average Receivables)	43.09	43.45	39.75	39.06	38.47
Days Outstanding Inventory (Average Inventory)	-	-	4.04	4.19	4.49
Average Days Payable Outstanding	45.47	40.64	34.08	43.31	49.21
Cash Conversion Cycle (Average Days)	-	-	9.72	-0.07	-6.25
Long Term Solvency
Total Debt/Equity	66.34	72.95	75.53	99.99	91.42
Total Debt / Total Capital	39.88	42.18	43.03	50	47.76
LT Debt/Equity	65.62	71.84	74.39	99.18	90.46
Long-Term Debt / Total Capital	39.45	41.54	42.38	49.59	47.26
Total Liabilities / Total Assets	49.49	50.95	52.42	58.48	57.03
EBIT / Interest Expense	6.2	5.5	6.69	6.36	4.89
EBITDA / Interest Expense	11.52	10.38	11.94	11.11	8.71
(EBITDA - Capex) / Interest Expense	7	6.29	7.36	6.6	5.31
Total Debt / EBITDA	2.71	2.97	2.72	3.17	2.94
Net Debt / EBITDA	2.52	2.6	2.64	3.12	2.9
Total Debt / (EBITDA - Capex)