Waste Connections, Inc. (WCN) financial statements (2021 and earlier)

Company profile

Business Address 610 APPLEWOOD CRESCENT
VAUGHAN, ON L4K 0C3
State of Incorp. ON
Fiscal Year End December 31
SIC 4953 - Refuse Systems (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments617327319434154
Cash and cash equivalents617327319434154
Receivables630663610554485
Disposal group, including discontinued operation   26
Other undisclosed current assets161141164187187
Total current assets:1,4081,1311,0931,177833
Noncurrent Assets
Operating lease, right-of-use asset171183
Property, plant and equipment5,2855,5165,1694,8214,738
Intangible assets, net (including goodwill)6,8826,6746,1605,7695,457
Goodwill5,7275,5115,0324,6824,390
Intangible assets, net (excluding goodwill)1,1551,1631,1291,0871,067
Restricted cash and investments15514813216763
Disposal group, including discontinued operation, noncurrent assets   1334
Other noncurrent assets9286736868
Total noncurrent assets:12,58412,60711,53410,83810,361
TOTAL ASSETS:13,99213,73812,62712,01511,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities696718650609521
Accounts payable291437360331251
Accrued liabilities405281290278269
Deferred revenue234216
Debt2546203113
Disposal group, including discontinued operation   23
Business combination, contingent consideration, liability4326121621
Deferred revenue and credits179145134
Other undisclosed current liabilities31    
Total current liabilities:1,0291,007861803692
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,7094,5144,1533,9003,617
Long-term debt, excluding current maturities4,7094,3544,1533,9003,617
Finance lease, liability3 
Operating lease, liability147160
Other undisclosed long-term debt and lease obligation(150)    
Liabilities, other than long-term debt1,2631,2781,1531,0381,229
Deferred tax liabilities, net760691868
Deferred income tax liabilities760819
Accrued environmental loss contingencies19    
Other liabilities456417350316331
Business combination, contingent consideration, liability2843433130
Other undisclosed noncurrent liabilities128    
Total noncurrent liabilities:6,1005,7925,3064,9384,846
Total liabilities:7,1296,7996,1675,7415,538
Stockholders' equity
Stockholders' equity attributable to parent, including:6,8596,9346,4556,2695,648
Additional paid in capital171155134116102
Accumulated other comprehensive income (loss)(1)(11)(75)108(43)
Retained earnings2,6592,6542,2651,8571,413
Other undisclosed stockholders' equity attributable to parent4,0304,1354,1314,1884,175
Stockholders' equity attributable to noncontrolling interest45657
Total stockholders' equity:6,8636,9386,4606,2745,655
TOTAL LIABILITIES AND EQUITY:13,99213,73812,62712,01511,193

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues5,4465,3894,9234,6303,376
Revenue, net4,6303,376
Cost of revenue
(Cost of Goods and Services Sold)
(3,277)(3,199)(2,866)(2,705)(1,958)
Gross profit:2,1692,1902,0571,9261,418
Operating expenses(669)(672)(524)(510)(474)
Other undisclosed operating loss(1,088)(680)(701)(789)(492)
Operating income:412838832627452
Nonoperating income (expense)(1)6(0)22
Foreign currency transaction gain (loss), before tax  (1)(2)1
Other nonoperating income (expense)(1)6141
Interest and debt expense(162)(147)(132)(125)(93)
Other undisclosed income from continuing operations before equity method investments, income taxes51075 
Income from continuing operations before income taxes:254706707509361
Income tax expense (benefit)(50)(139)(160)69(114)
Net income:204567547577247
Net income (loss) attributable to noncontrolling interest10(0)(1)(1)
Net income available to common stockholders, diluted:205567547577247

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:204567547577247
Other comprehensive income (loss)1064(183)151(31)
Comprehensive income:214631364729216
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(0)(1)(1)
Comprehensive income, net of tax, attributable to parent:215631364728216

Statements sources

The financial statements are based on the company's filings with the 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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