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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,15233,809154,3423,4714,0071,995
Cash and cash equivalents71,15233,809154,3423,4714,0071,995
Receivables100,88686,97974,42781,45677,19166,475
Inventory, net of allowances, customer advances and progress billings13,4729,7297,8687,6796,5426,534
Inventory13,4729,7297,8687,6796,5426,534
Prepaid expense15,18212,7669,2898,9947,3458,299
Other current assets6,7873,1961,3281,2132,0081,077
Total current assets:207,479146,479247,254102,81397,09384,380
Noncurrent Assets
Operating lease, right-of-use asset92,06393,79995,310108,025
Property, plant and equipment    404,577361,547
Long-term investments and receivables     11,26412,333
Long-term investments     11,26412,333
Intangible assets, net (including goodwill)366,241326,583253,225244,540197,501130,754
Goodwill274,458232,860194,901185,819162,734122,605
Intangible assets, net (excluding goodwill)91,78393,72358,32458,72134,7678,149
Derivative instruments and hedges      401
Restricted cash and investments1,9002,1221,8481,5861,2481,220
Deferred income tax assets22,90343,95761,1638,577
Other noncurrent assets27,11214,77213,32211,55211,13313,148
Other undisclosed noncurrent assets731,517655,868521,776455,0899,59411,166
Total noncurrent assets:1,241,7361,137,101946,644829,369635,317530,569
TOTAL ASSETS:1,449,2151,283,5801,193,898932,182732,410614,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146,854123,666100,468104,41094,49280,608
Interest and dividends payable2,0422,1262,0412,4152,093
Employee-related liabilities22,21017,28214,37510,96912,183
Accounts payable74,20363,08649,19864,39657,28947,081
Accrued liabilities72,65136,32831,86223,59823,81919,251
Deferred revenue3,7423,4042,6852,299
Debt8,9689,9019,2404,3012,2984,926
Accrued environmental loss contingencies814     
Accrued capping, closure, post-closure and environmental costs11,0367,91510,26810,22311,6333,035
Due to related parties1,8911,3251,29785132 
Other undisclosed current liabilities4,2955,9827,2508,5053,042 
Total current liabilities:177,600152,193131,208130,589111,49788,569
Noncurrent Liabilities
Long-term debt and lease obligation, including:585,015542,503530,411509,021542,001477,576
Other undisclosed long-term debt and lease obligation585,015486,128469,432438,312542,001477,576
Liabilities, other than long-term debt188,700110,052109,15899,11092,22584,361
Asset retirement obligations102,64278,99972,26561,70461,44259,255
Deferred income tax liabilities4378689122,643
Other liabilities28,27630,18535,98134,76330,78325,106
Operating lease, liability57,34556,37560,97970,709
Other undisclosed noncurrent liabilities    70,7092,5192,305
Total noncurrent liabilities:773,715652,555639,569678,840636,745564,242
Total liabilities:951,315804,748770,777809,429748,242652,811
Equity
Equity, attributable to parent, including:497,900422,457362,142122,753(15,832)(37,862)
Additional paid in capital661,761652,045639,247485,332373,716356,638
Accumulated other comprehensive income (loss)7,542(5,103)(11,517)(6,041)(1,308)184
Accumulated deficit(171,920)(224,999)(266,099)(357,016)(388,669)(395,107)
Other undisclosed equity, attributable to parent517514511478429423
Total equity:497,900422,457362,142122,753(15,832)(37,862)
Other undisclosed liabilities and equity  56,37560,979   
TOTAL LIABILITIES AND EQUITY:1,449,2151,283,5801,193,898932,182732,410614,949

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,085,089889,211774,584743,290660,660599,309
Cost of revenue(818,071)(661,026)(590,251)(582,009)(528,804)(476,402)
Cost of goods and services sold(723,117)(582,403)(515,646)(508,656)(453,291)(405,188)
Gross profit:267,018228,185184,333161,281131,856122,907
Operating expenses(171,624)(150,525)(125,036)(108,206)(92,123)(135,490)
Operating income (loss):95,39477,66059,29753,07539,733(12,583)
Nonoperating expense(20,428)(19,614)(20,995)(23,296)(33,697)(24,469)
Interest and debt expense(23,722)(21,229)(22,371)(25,102)(7,352)(517)
Income (loss) from continuing operations before equity method investments, income taxes:51,24436,81715,9314,677(1,316)(37,569)
Other undisclosed income from continuing operations before income taxes23,72221,22922,37125,1027,352517
Income (loss) from continuing operations before income taxes:74,96658,04638,30229,7796,036(37,052)
Income tax expense (benefit)(21,887)(16,946)52,8041,87438415,253
Income (loss) from continuing operations:53,07941,10091,10631,6536,420(21,799)
Income (loss) before gain (loss) on sale of properties:41,10091,10631,6536,420(21,799)
Net income (loss) available to common stockholders, diluted:53,07941,10091,10631,6536,420(21,799)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):53,07941,10091,10631,6536,420(21,799)
Other comprehensive income (loss) (4,095)(2,086)2,029 (1,474)252
Other undisclosed comprehensive loss      
Comprehensive income (loss):48,98439,01493,13531,6534,946(21,547)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent16,7408,500(7,505)(4,733)  
Comprehensive income (loss), net of tax, attributable to parent:65,72447,51485,63026,9204,946(21,547)

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.

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