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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments327319434154
Cash and cash equivalents327319434154
Receivables663610554485
Disposal group, including discontinued operation  26
Other undisclosed current assets141164187187
Total current assets:1,1311,0931,177833
Noncurrent Assets
Operating lease, right-of-use asset183
Property, plant and equipment5,5165,1694,8214,738
Intangible assets, net (including goodwill)6,6746,1605,7695,457
Goodwill5,5115,0324,6824,390
Intangible assets, net (excluding goodwill)1,1631,1291,0871,067
Restricted cash and investments14813216763
Disposal group, including discontinued operation, noncurrent assets  1334
Other noncurrent assets86736868
Total noncurrent assets:12,60711,53410,83810,361
TOTAL ASSETS:13,73812,62712,01511,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities718650609521
Accounts payable437360331251
Accrued liabilities281290278269
Deferred revenue216
Debt46203113
Disposal group, including discontinued operation  23
Business combination, contingent consideration, liability26121621
Deferred revenue and credits179145134
Total current liabilities:1,007861803692
Noncurrent Liabilities
Long-term debt and lease obligation4,5144,1533,9003,617
Long-term debt, excluding current maturities4,3544,1533,9003,617
Operating lease, liability160
Liabilities, other than long-term debt1,2781,1531,0381,229
Deferred tax liabilities, net760691868
Deferred income tax liabilities819
Other liabilities417350316331
Business combination, contingent consideration, liability43433130
Total noncurrent liabilities:5,7925,3064,9384,846
Total liabilities:6,7996,1675,7415,538
Stockholders' equity
Stockholders' equity attributable to parent, including:6,9346,4556,2695,648
Additional paid in capital155134116102
Accumulated other comprehensive income (loss)(11)(75)108(43)
Retained earnings2,6542,2651,8571,413
Other undisclosed stockholders' equity attributable to parent4,1354,1314,1884,175
Stockholders' equity attributable to noncontrolling interest5657
Total stockholders' equity:6,9386,4606,2745,655
TOTAL LIABILITIES AND EQUITY:13,73812,62712,01511,193

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues5,3894,9234,6303,376
Revenue, net4,6303,376
Cost of revenue
(Cost of Goods and Services Sold)
(3,199)(2,866)(2,705)(1,958)
Gross profit:2,1902,0571,9261,418
Operating expenses(672)(524)(510)(474)
Other undisclosed operating loss(680)(701)(789)(492)
Operating income:838832627452
Nonoperating income (expense)6(0)22
Foreign currency transaction gain (loss), before tax (1)(2)1
Other nonoperating income6141
Interest and debt expense(147)(132)(125)(93)
Other undisclosed income from continuing operations before equity method investments, income taxes1075 
Income from continuing operations before income taxes:706707509361
Income tax expense (benefit)(139)(160)69(114)
Net income:567547577247
Net income (loss) attributable to noncontrolling interest0(0)(1)(1)
Net income available to common stockholders, diluted:567547577247

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:567547577247
Other comprehensive income (loss)64(183)151(31)
Comprehensive income:631364729216
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(1)(1)
Comprehensive income, net of tax, attributable to parent:631364728216

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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