Casella waste systems, inc. (CWST)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jul'14Jun'14Apr'14Mar'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income (loss)

959

9,066

12,386

11,915

-1,714

-13,676

22,302

1,704

-3,910

20,021

12,080

-53,676

-224

-11,974

7,538

5,192

-7,614

-7,019

2,259

942

-7,963

3,328

1,240

-154

-10,378

-

-13,610

-11,033

-575

-163

-13,517

-11,475

-21,092

-8,379

-49,131

-24,635

-764

-3,062

-

-

-

-2,902

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations, net of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-45

329

-3,701

-328

-235

-216

-

-

-

-

-

1,376

-767

-925

Loss on disposal of discontinued operations, net of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-378

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

21,406

21,646

20,940

19,715

17,489

18,936

18,202

17,387

15,983

15,795

16,590

15,868

13,849

15,426

16,175

15,802

14,453

16,330

16,384

16,242

13,748

8,531

15,787

16,368

17,167

-

13,608

14,395

15,669

15,197

13,332

13,965

14,570

14,709

14,021

14,827

15,061

14,506

13,345

13,573

15,619

15,584

Operating lease right-of-use assets expense

2,417

2,287

2,351

2,342

2,579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depletion of landfill operating lease obligations

-

-

-

-

-

1,897

2,834

2,601

2,392

2,812

2,661

2,409

1,764

2,165

2,687

2,493

1,950

2,409

2,660

2,669

1,690

1,687

3,066

3,134

3,046

-

1,992

2,219

2,864

2,627

2,014

2,480

2,590

2,288

1,912

2,056

2,484

2,030

1,865

1,714

2,107

2,192

Interest accretion on landfill and environmental remediation liabilities

1,794

1,666

1,731

1,775

1,804

1,417

1,429

1,440

1,422

1,277

1,266

974

965

918

906

896

886

877

868

856

848

728

829

832

809

-

1,017

1,016

1,022

1,046

919

898

925

933

866

873

871

869

844

831

811

845

Amortization of debt issuance costs

527

-

-

-

575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discount on long-term debt

-

-

-

-

-

574

585

601

689

687

685

674

646

775

1,027

1,039

1,040

1,036

942

1,061

938

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

1,562

2,005

1,898

1,889

1,431

2,079

2,168

2,121

2,077

1,648

1,872

1,655

1,257

1,016

755

900

722

754

890

775

660

475

627

562

537

-

576

642

578

631

676

534

631

675

548

-59

717

649

-460

705

780

567

Gain on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

79

646

45,574

-1,369

-564

-51

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,502

Loss (gain) on sale of property and equipment

-137

86

479

270

57

78

44

87

283

-92

-54

13

84

33

21

317

203

-137

44

47

46

33

16

25

148

-

185

219

225

164

-1

199

163

46

102

148

562

192

71

97

149

153

Southbridge Landfill non-cash closure charge

51

16

-121

179

0

14,825

81

-130

1,403

0

0

63,526

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Divestiture transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

-11,222

10,546

-4,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Development project charge

-

-

-

-

-

0

0

0

311

0

0

0

0

-

-

-

-

-

-

-

-

46

0

-

-46

-

1,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash expense from acquisition activities and other items

532

-6

139

-82

14

546

0

211

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on settlement of acquisition related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

64

63

-

62

61

60

59

58

66

243

259

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

0

0

-45

-472

-13,011

-191

-593

48

-133

-345

0

-521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-41

-47

-151

-9

82

69

-298

-

-150

-233

-629

654

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on redeemed senior subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,195

-198

-195

-191

Amortization of discount on second lien notes and senior subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

233

228

222

Loss from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-63

0

-

63

-

27

-111

90

-977

-1,130

-1,436

-109

-1,766

169

-6,382

-1,524

-2,257

-1,560

102

-506

-2,132

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit on the vesting of share based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

-

-

-

-

-

-63

-2

-90

-17

205

0

35

-27

246

-

-

-

-

Deferred income taxes

967

23

298

-1,753

188

1,171

804

462

-1,187

-15,909

100

358

-74

55

225

203

100

168

211

465

-49

-53

165

224

493

-

243

584

244

260

514

-4,964

342

565

276

540

69

939

-24,951

642

526

659

Changes in assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable

-6,507

-9,677

5,084

12,751

-2,694

-6,328

823

12,580

-1,242

777

-683

10,139

-5,569

-2,159

2,272

8,049

-7,133

-3,581

326

10,911

-3,237

-8,824

2,104

6,609

9,867

-

-3,764

-4,647

194

5,588

-1,683

-1,962

-2,454

5,960

-560

-8,952

-5,477

7,547

7,040

-7,282

266

3,249

Landfill operating lease contract expenditures

-50

-

-

-

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-10,588

5,128

-2,361

11,899

-7,904

1,082

1,584

5,020

1,405

38

3,504

3,027

-4,485

-2,300

1,260

7,228

-6,112

-5,185

1,959

8,737

-9,108

-14,573

5,476

-4,416

5,827

-

-2,953

-7,543

-2,710

278

4,262

-4,727

2,597

2,020

1,457

-6,506

6,695

2,564

7,640

-3,419

2,810

412

Prepaid expenses, inventories and other assets

171

372

-1,678

-455

3,430

294

1,788

-3,121

504

-318

2,239

-662

145

-1,006

2,480

-710

1,492

-3,497

2,110

-370

-3,483

5,079

-193

913

684

-

-1,743

-267

818

2,179

-4,701

399

924

-678

-1,094

276

2,211

-1,729

-3,378

-41

543

-985

Accrued expenses, contract liabilities and other liabilities

-12,932

-4,945

-3,058

-4,438

-10,490

-4,959

-1,990

6,062

-8,246

2,436

1,835

3,963

-8,834

1,239

-5,505

7,171

-9,091

11,215

-7,412

9,207

-8,870

2,123

-10,474

4,642

6,636

-

-5,622

3,332

-7,843

7,087

-7,029

2,166

-1,054

-1,797

1,185

-4,632

-2,139

-140

-7,503

-3,241

499

-3,214

Total adjustments to reconcile net loss to net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,616

13,289

Net cash provided by operating activities

14,791

45,334

33,244

33,474

4,777

30,917

41,838

35,285

12,794

28,438

39,091

29,333

10,676

24,363

20,486

33,861

1,724

29,977

16,641

29,584

-5,695

2,383

14,818

13,581

21,085

-

1,361

9,559

8,593

19,526

12,735

8,403

15,046

7,722

14,429

8,264

27,538

13,940

2,351

11,702

22,793

11,363

Cash Flows from Investing Activities:
Acquisitions, net of cash acquired

5,144

1,883

45,809

26,465

1,222

30,742

38,807

411

18,958

1,493

869

2,280

414

400

0

2,439

0

-

-

-

-

-

-

-

-

-214

-

5,697

2,793

29

119

20,471

1,485

3,150

0

1,387

0

715

-

-

-

0

Acquisition related additions to property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

58

-

0

38

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlement of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property, plant and equipment

19,851

27,167

29,339

28,416

18,243

21,391

16,349

26,574

8,918

21,450

18,864

15,914

8,634

16,803

13,975

13,612

9,848

18,957

14,727

11,867

4,444

19,479

19,709

16,881

15,828

-

7,477

-

-12,042

13,407

-

-

129

288

-

-

-

-

-

-

-

-

Additions to property, plant and equipment - growth

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,196

2,002

-

16,243

-7,553

1,143

1,628

185

108

882

Additions to property, plant and equipment - maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,597

14,179

-

68,706

-43,152

13,725

11,512

10,489

15,794

13,985

Payments on landfill operating lease contracts

-

-

-

-

-

2,409

1,539

2,958

509

3,509

554

2,200

977

2,438

1,485

2,826

500

2,429

1,531

947

478

2,285

1,491

962

963

-

563

2,581

1,489

1,982

535

2,428

1,484

1,814

564

9,366

-5,172

1,858

678

2,727

1,461

789

Proceeds from divestiture transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

785

4,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for capital related to divestiture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

618

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,533

Proceeds from sale of property and equipment

51

208

179

306

57

261

140

127

342

54

275

298

84

293

112

598

359

79

377

170

89

120

111

163

232

-

216

319

645

284

102

238

278

265

155

167

971

199

328

76

247

308

Investments in unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

-

5,081

-1,585

650

-

-

-

-

Payments related to investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

84

-

-

2,148

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-24,944

-28,842

-74,637

-54,575

-19,408

-54,281

-52,057

-29,816

-28,043

-26,398

-20,012

-20,038

-9,999

-19,310

-15,348

-18,317

-9,989

-21,307

-15,881

-11,313

-283

-22,183

-20,768

-17,725

-16,746

-

-7,773

-14,320

-16,582

-18,354

-14,470

-32,586

-19,613

-22,786

-10,391

-20,479

-21,872

-17,892

-16,847

-13,325

-17,116

-7,815

Cash Flows from Financing Activities:
Proceeds from debt borrowings

73,500

76,300

80,100

30,800

10,600

67,900

37,900

462,200

66,700

39,100

29,400

45,800

71,200

464,150

14,700

61,700

64,300

58,300

65,201

34,137

197,591

50,100

44,800

38,300

41,900

-

47,860

37,700

53,300

29,890

41,849

98,320

173,867

62,310

35,600

45,800

33,600

48,500

249,657

57,200

44,000

32,900

Principal payments on debt

40,686

93,600

40,533

28,495

80,746

43,612

26,757

462,490

51,364

41,722

49,006

54,305

71,933

456,075

19,407

74,768

57,948

69,776

61,880

52,840

186,500

23,818

39,455

34,314

46,008

-

41,250

35,248

43,276

29,310

40,375

93,455

178,339

48,689

33,373

37,287

37,707

44,439

355,320

52,383

46,736

37,230

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

848

-849

1,348

3,152

-4,358

1,591

4,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt issuance costs

11

749

0

0

0

-

-

-

-

1

0

831

620

7,464

0

583

99

34

928

1,211

6,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

1

1

-

17

16

29

359

37

243

4,233

96

1,450

-42

94

90

10,248

-17

142

215

Proceeds from the exercise of share based awards

100

0

1,078

2,017

260

0

73

88

310

275

145

500

358

128

0

0

0

-

-

-

-

-

-

143

-

-

-

-

-

-

-

-

-

-

0

161

0

176

64

252

0

160

Excess tax benefit on the vesting of share based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

-

-

-

-

-

-63

-2

-90

-17

205

0

35

-27

246

-

-

-

-

Proceeds from the public issuance of Class A Common Stock

0

0

0

0

100,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interest holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

474

721

-

-

-

-

-

-

-

-

Discontinued Operations:
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-35

-166

-392

-252

-192

-201

-

-

79

646

-4,723

1,890

-585

1,941

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,653

89

88

88

-

86

-

-

-

-1

-502

-422

-215

-

-

-

-

131,358

-749

-429

-727

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-3,122

-153

-117

Net cash provided by (used in) discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,653

89

88

88

-

86

84

-35

-166

-393

-754

-614

-416

-1,774

0

79

646

126,622

-1,981

-1,167

1,097

Net cash provided by financing activities

32,903

-18,049

43,264

4,322

30,560

24,288

11,210

-5,769

15,646

-2,348

-19,461

-8,836

-995

-7,417

-3,959

-14,810

7,601

-8,377

-1,899

-18,170

6,830

17,792

5,293

4,187

-3,763

-

6,593

2,436

10,058

158

2,771

24,148

3,577

14,451

1,139

8,925

-4,228

4,393

-115,840

5,091

-2,761

-4,385

Net increase in cash and cash equivalents

22,750

-1,557

1,871

-16,779

15,929

924

991

-300

397

-308

-382

459

-318

-2,364

1,179

734

-664

293

-1,139

101

852

-355

-568

131

664

-

267

-2,241

2,034

1,164

643

-789

-1,604

-1,029

3,403

-3,290

1,517

1,087

-3,714

1,487

1,749

260

Supplemental Disclosures of Cash Flow Information:
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for:
Interest

5,372

5,983

5,528

5,954

5,718

6,573

5,527

5,876

5,547

5,612

5,338

6,034

8,045

8,989

15,329

2,272

16,122

1,868

16,301

1,727

15,336

903

14,944

1,868

2,592

-

14,959

1,929

15,675

1,902

14,958

4,156

11,004

11,230

8,758

11,421

9,342

11,189

11,799

10,780

10,421

10,923

Income taxes, net of refunds

84

-1,715

68

-35

51

21

0

48

36

-102

59

135

54

32

39

102

101

251

-24

25

30

654

25

61

-497

-

500

27

-98

720

-350

26

97

-26

-266

33

3,122

2,159

1,338

25

52

65

Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Receivable due from noncontrolling interest holder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of net assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid, net of cash acquired

5,144

1,883

45,809

26,465

1,222

30,742

38,807

411

18,958

1,493

869

2,280

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,471

1,485

3,150

-

1,387

0

715

-

-

-

0

Holdbacks to sellers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

-

-

-

-

-

-

-

0

Non-current assets acquired through long-term obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

2,301

-

-

-

-

-

-

-

-

-

-

-

-

Non-current assets obtained through long-term obligations

6,469

3,256

464

6,860

2,473

2,750

1,075

1,823

1,444

0

751

2,813

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,261

3,500

-

1,540

0

744

-

-

-

-

Liabilities assumed and holdbacks to sellers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

29

-

-

-

-

Landfill
Operating lease right-of-use assets expense

1,673

2,131

1,957

1,975

1,648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-