Casella Waste Systems, Inc. (CWST) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
25 GREENS HILL ROAD RUTLAND, VT 05701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4953 - Refuse Systems (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 219,089 | 465,715 | 60,226 | 71,152 | 47,934 | 39,309 | |||
| Cash and cash equivalents | 219,089 | 465,715 | 60,226 | 71,152 | 47,934 | 39,309 | |||
| Receivables | 144,058 | 121,408 | 95,192 | 100,886 | 108,010 | 108,313 | |||
| Inventory, net of allowances, customer advances and progress billings | 17,519 | 16,784 | 14,175 | 13,472 | 13,432 | 13,071 | |||
| Inventory | 17,519 | 16,784 | 14,175 | 13,472 | 13,432 | 13,071 | |||
| Prepaid expense | 20,448 | 18,122 | 11,627 | 15,182 | 14,998 | 17,517 | |||
| Other current assets | 12,227 | 7,358 | 6,608 | 6,787 | 7,109 | 2,946 | |||
| Total current assets: | 413,341 | 629,387 | 187,828 | 207,479 | 191,483 | 181,156 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 103,116 | 104,920 | 95,406 | 92,063 | 93,066 | 93,253 | |||
| Property, plant and equipment | 935,402 | 818,242 | 711,440 | 685,348 | 668,381 | ||||
| Intangible assets, net (including goodwill) | 993,839 | 806,831 | 362,170 | 366,241 | 367,234 | 359,270 | |||
| Goodwill | 737,150 | 619,683 | 274,458 | 274,458 | 272,442 | 262,508 | |||
| Intangible assets, net (excluding goodwill) | 256,689 | 187,148 | 87,712 | 91,783 | 94,792 | 96,762 | |||
| Restricted cash and investments | 4,658 | 2,005 | 1,972 | 1,900 | 1,705 | 2,805 | |||
| Deferred income tax assets | 6,604 | 16,408 | 23,491 | 22,903 | 25,549 | 34,060 | |||
| Other noncurrent assets | 30,088 | 28,532 | 26,616 | 27,112 | 23,995 | 20,530 | |||
| Other undisclosed noncurrent assets | 10,967 | 10,967 | 10,967 | 731,517 | 10,967 | 11,264 | |||
| Total noncurrent assets: | 2,084,674 | 1,787,905 | 1,232,062 | 1,241,736 | 1,207,864 | 1,189,563 | |||
| TOTAL ASSETS: | 2,498,015 | 2,417,292 | 1,419,890 | 1,449,215 | 1,399,347 | 1,370,719 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 178,594 | 150,898 | 113,521 | 146,854 | 155,838 | 158,169 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 2,956 | 2,372 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 20,056 | 16,392 | ||
| Accounts payable | 100,108 | 87,602 | 66,640 | 74,203 | 71,074 | 73,270 | |||
| Accrued liabilities | 78,486 | 63,296 | 46,881 | 72,651 | 61,752 | 66,135 | |||
| Deferred revenue | 18,852 | 16,260 | 4,146 | 3,742 | 3,891 | 3,733 | |||
| Debt | 33,957 | 32,747 | 9,274 | 8,968 | 8,337 | 7,636 | |||
| Accrued environmental loss contingencies | 1,799 | 1,430 | 1,131 | 814 | |||||
| Accrued capping, closure, post-closure and environmental costs | 13,155 | 10,767 | 10,991 | 11,036 | 10,880 | 5,815 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 1,891 | ||||
| Other undisclosed current liabilities | 6,827 | 7,080 | 6,059 | 4,295 | (16,114) | (12,339) | |||
| Total current liabilities: | 253,184 | 219,182 | 145,122 | 177,600 | 162,832 | 163,014 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,012,169 | 983,344 | 577,567 | 585,015 | 578,462 | 575,556 | |||
| Other undisclosed long-term debt and lease obligation | 1,012,169 | 983,344 | 577,567 | 585,015 | 519,934 | 516,529 | |||
| Liabilities, other than long-term debt | 201,795 | 206,383 | 195,546 | 188,700 | 118,692 | 121,145 | |||
| Asset retirement obligations | 104,401 | 107,949 | 105,165 | 102,642 | 83,727 | 86,558 | |||
| Deferred income tax liabilities | 516 | 479 | 438 | 437 | 522 | 902 | |||
| Accrued environmental loss contingencies | 5,726 | 5,589 | |||||||
| Other liabilities | 28,294 | 26,916 | 27,788 | 28,276 | 28,717 | 28,096 | |||
| Operating lease, liability | 68,584 | 71,039 | 62,155 | 57,345 | 58,528 | 59,027 | |||
| Total noncurrent liabilities: | 1,213,964 | 1,189,727 | 773,113 | 773,715 | 697,154 | 696,701 | |||
| Total liabilities: | 1,467,148 | 1,408,909 | 918,235 | 951,315 | 859,986 | 859,715 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,030,867 | 1,008,383 | 501,655 | 497,900 | 486,559 | 457,566 | |||
| Additional paid in capital | 1,165,517 | 1,163,077 | 663,735 | 661,761 | 658,453 | 656,042 | |||
| Accumulated other comprehensive income (loss) | 9,480 | 7,608 | 5,773 | 7,542 | 7,930 | 4,020 | |||
| Accumulated deficit | (144,710) | (162,882) | (168,372) | (171,920) | (180,341) | (203,013) | |||
| Other undisclosed equity, attributable to parent | 580 | 580 | 519 | 517 | 517 | 517 | |||
| Total equity: | 1,030,867 | 1,008,383 | 501,655 | 497,900 | 486,559 | 457,566 | |||
| Other undisclosed liabilities and equity | 52,802 | 53,438 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 2,498,015 | 2,417,292 | 1,419,890 | 1,449,215 | 1,399,347 | 1,370,719 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 352,735 | 289,645 | 262,595 | 272,127 | 295,268 | 283,666 | ||
| Cost of revenue | (267,261) | (220,790) | (210,070) | (199,516) | (219,592) | (214,123) | ||
| Cost of goods and services sold | (226,303) | (186,319) | (180,243) | (184,338) | (190,285) | (186,038) | ||
| Gross profit: | 85,474 | 68,855 | 52,525 | 72,611 | 75,676 | 69,543 | ||
| Operating expenses | (51,286) | (46,241) | (42,260) | (55,392) | (39,388) | (37,824) | ||
| Operating income: | 34,188 | 22,614 | 10,265 | 17,219 | 36,288 | 31,719 | ||
| Nonoperating expense | (9,998) | (15,136) | (5,926) | (5,588) | (4,476) | (5,344) | ||
| Other nonoperating income | 225 | 452 | 349 | 607 | 1,523 | 312 | ||
| Interest and debt expense | (15,748) | (8,198) | (6,959) | (6,644) | (6,177) | (5,698) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,442 | (720) | (2,620) | 4,987 | 25,635 | 20,677 | ||
| Other undisclosed income from continuing operations before income taxes | 15,748 | 8,198 | 6,959 | 6,644 | 6,177 | 5,698 | ||
| Income from continuing operations before income taxes: | 24,190 | 7,478 | 4,339 | 11,631 | 31,812 | 26,375 | ||
| Income tax expense | (6,018) | (1,988) | (791) | (3,210) | (9,140) | (8,579) | ||
| Income (loss) from continuing operations: | 18,172 | 5,490 | 3,548 | 8,421 | 22,672 | 17,796 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 22,672 | 17,796 | |
| Net income (loss) available to common stockholders, diluted: | 18,172 | 5,490 | 3,548 | 8,421 | 22,672 | 17,796 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 18,172 | 5,490 | 3,548 | 8,421 | 22,672 | 17,796 | ||
| Other undisclosed comprehensive loss | (4,095) | |||||||
| Comprehensive income (loss): | 18,172 | 5,490 | 3,548 | 4,326 | 22,672 | 17,796 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,872 | 1,835 | (1,769) | 3,707 | 3,910 | 2,980 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 20,044 | 7,325 | 1,779 | 8,033 | 26,582 | 20,776 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.