| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 219,344 | 258,500 | 286,270 | 531,787 |
| Loss (gain) from disposal of assets, impairments and other | -2,519 | -41,941 | -60,134 | -11,480 |
| Adjustment to closure and post-closure liabilities | 76,845 | 0 | NaN | NaN |
| Depreciation | 267,485 | 266,838 | 263,999 | 499,728 |
| Amortization of intangibles | 47,264 | 52,332 | 51,331 | 97,878 |
| Deferred income taxes, net of acquisitions | 28,537 | 22,815 | 35,547 | 58,292 |
| Current period provision for expected credit losses | 12,105 | 5,172 | 4,150 | 5,171 |
| Amortization of debt issuance costs | 2,163 | 2,112 | 2,170 | 4,101 |
| Share-based compensation | 17,587 | 19,016 | 18,476 | 41,956 |
| Interest accretion | 11,200 | 13,089 | 12,855 | 25,556 |
| Payment of contingent consideration recorded in earnings | NaN | 0 | 0 | 400 |
| Adjustments to contingent consideration | 0 | -37,089 | 290 | 30,584 |
| Other | -127 | 799 | 4,385 | 2,661 |
| Accounts receivable, net | NaN | 68,056 | NaN | NaN |
| Prepaid expenses and other current assets | NaN | 13,225 | NaN | NaN |
| Accounts payable | NaN | 57,080 | NaN | NaN |
| Deferred revenue | NaN | 27,326 | NaN | NaN |
| Accrued liabilities | NaN | 54,369 | NaN | NaN |
| Capping, closure and post-closure expenditures | NaN | -305,554 | NaN | NaN |
| Other long-term liabilities | NaN | -16,107 | NaN | NaN |
| Net change in operating assets and liabilities, net of acquisitions | -37,541 | NaN | 53,388 | 123,731 |
| Net cash provided by operating activities | 545,598 | 556,879 | 677,449 | 1,179,741 |
| Payments for acquisitions, net of cash acquired | 63,087 | 190,267 | 116,572 | 510,738 |
| Capital expenditures for property and equipment | 296,596 | 384,291 | 297,172 | 497,765 |
| Proceeds from sale of investment in noncontrolling interests | NaN | 0 | 0 | 0 |
| Capital expenditures for undeveloped landfill property | NaN | 15,138 | NaN | NaN |
| Proceeds from disposal of assets | 1,779 | 972 | 3,736 | 5,417 |
| Other | -2,203 | 606 | 3,933 | 16,886 |
| Net cash used in investing activities | -355,701 | -589,330 | -413,941 | -1,019,972 |
| Proceeds from long-term debt | 1,156,176 | 452,122 | 608,641 | 1,613,594 |
| Principal payments on notes payable and long-term debt | 843,898 | 321,367 | 319,813 | 1,488,785 |
| Payment of contingent consideration recorded at acquisition date | 4,108 | 5,945 | 5,429 | 22,895 |
| Change in book overdraft | -6,114 | 382 | -733 | 397 |
| Payments for repurchase of common shares | 283,959 | 63,341 | 441,787 | 389 |
| Payments for cash dividends | 88,746 | 89,857 | 81,000 | 162,950 |
| Tax withholdings related to net share settlements of equity-based compensation | 24,515 | 503 | 372 | 30,934 |
| Other | NaN | 0 | 0 | 0 |
| Debt issuance costs | 4,008 | 39 | 1,392 | 3,433 |
| Proceeds from issuance of shares under employee share purchase plan | 3,031 | 0 | 2,871 | 2,593 |
| Proceeds from sale of common shares held in trust | 0 | -1 | 0 | 324 |
| Net cash provided by (used in) financing activities | -96,141 | -28,549 | -239,014 | -92,478 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -690 | -5 | -1,380 | 2,007 |
| Net increase in cash, cash equivalents and restricted cash | 93,066 | -61,005 | 23,114 | 69,298 |
| Cash, cash equivalents and restricted cash at beginning of year | 229,580 | 290,585 | 198,173 | NaN |
| Cash, cash equivalents and restricted cash at end of year | 322,646 | 229,580 | 290,585 | NaN |
Waste Connections, Inc. (WCN)
Waste Connections, Inc. (WCN)