CASELLA WASTE SYSTEMS, INC. CWST Income Statement

Casella waste systems, inc. (CWST)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jul'14	Jun'14	Apr'14	Jan'14	Dec'13	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Revenues
182,910	193,620	198,547	187,459	163,664	174,724	172,832	165,649	147,455	151,222	160,269	154,016	133,802	143,795	151,133	144,670	125,432	140,024	146,185	143,714	116,577	89,171	141,924	141,387	137,279	157,564	117,852	79,215	132,296	128,558	108,694	112,167	116,836	117,638	96,313	114,578	129,866	127,193	98,171	111,627	122,895	121,992
Operating expenses:
Cost of operations
128,518	130,950	131,273	128,674	117,759	121,763	114,118	111,800	105,610	104,228	103,897	102,519	94,544	97,564	98,803	95,188	90,418	96,389	99,656	98,737	87,833	63,204	98,228	98,766	97,218	118,516	87,602	57,112	90,545	88,419	78,146	81,436	82,087	81,345	64,819	81,398	86,627	85,224	68,429	76,933	79,313	81,339
General and administration
24,352	25,359	22,536	22,145	22,742	22,426	20,545	20,793	21,027	20,854	20,750	18,794	18,845	19,908	18,777	18,084	18,587	20,568	17,448	18,071	16,805	12,927	17,211	16,840	15,594	21,062	15,361	9,296	16,429	15,078	14,804	14,328	13,883	15,190	14,062	13,933	16,062	16,207	16,952	14,832	15,696	15,916
Depreciation and amortization
21,406	21,646	20,940	19,715	17,489	18,937	18,202	17,386	15,983	15,794	16,591	15,868	13,849	15,426	16,175	15,802	14,453	16,330	16,385	16,241	13,748	8,531	15,787	16,368	17,167	19,721	14,396	9,752	15,669	15,197	13,333	13,964	14,570	14,709	14,021	14,827	15,061	14,506	13,344	13,573	15,620	15,584
Expense from acquisition activities and other items
1,009	-	-	-	677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Southbridge landfill closure charge
613	612	625	917	555	15,794	-9,498	172	1,586	-	754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withdrawal costs - multiemployer pension plan
-	-	3,591	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expense from acquisition activities and other items
-	-	1,097	464	-	942	581	349	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	14	-	101	-	-	20	408	372	77	553	-	-	-	-	-	-	-	-
Severance and reorganization costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-345	-	350	425	0	1	53	107	246	1,636	1,793	34	-	-	-	-	-	-	-	-
Environmental remediation charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	75	75	-	-	250	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract settlement charge
-	-	0	0	-	0	0	0	2,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Southbridge Landfill closure charge
-	-	-	-	-	-	-	-	-	-	-	64,114	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development project charge
-	-	0	0	-	0	0	0	311	0	0	0	0	-	-	-	-	-	-	-	-	46	0	-	-46	-	1,440	-	-	-	-	-	-	-	-	-	131	-	-	-	-	-
Legal settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-359	-1,000	-	-	-	-
Divestiture transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,259	0	677	-4,935	-	-	-	7,455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-353	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,502
Total operating expenses
175,898	179,016	180,062	171,915	159,222	179,862	143,948	150,500	146,617	141,367	141,992	201,295	127,238	133,798	133,755	129,074	123,458	135,322	133,489	132,372	113,451	77,211	131,301	132,049	137,752	167,539	119,150	76,511	122,846	118,821	106,584	112,089	112,410	111,831	133,648	110,158	118,240	116,937	99,953	105,338	110,629	109,337
Operating income
7,012	14,604	18,485	15,544	4,442	-5,138	28,884	15,149	838	9,855	18,277	-47,279	6,564	9,997	17,378	15,596	1,974	4,702	12,696	11,342	3,126	11,960	10,623	9,338	-473	-9,975	-1,298	2,704	9,450	9,737	2,110	78	4,426	5,807	-37,335	4,420	11,626	10,256	-1,782	6,289	12,266	12,655
Other expense (income):
Interest income
51	79	66	105	117	112	53	79	29	94	58	52	69	62	64	60	104	63	56	70	141	78	84	88	85	128	109	71	101	12	73	50	10	8	11	20	3	8	13	15	11	15
Interest expense
5,952	6,252	6,235	6,155	6,460	6,947	6,424	6,469	6,454	6,108	6,268	6,334	6,450	9,265	9,643	10,004	10,030	10,057	10,087	10,150	10,126	6,527	9,524	9,551	9,588	12,818	9,568	6,363	9,635	9,359	9,153	9,209	11,516	11,692	11,111	11,528	11,210	11,159	10,471	11,663	11,630	11,779
Loss on debt extinguishment
-	-	0	0	-	-	0	-7,352	-	1	0	-46	-472	-13,011	-191	-593	48	-133	-345	0	-521	-	-	-	-	-	-	-	-	-	-	-5,914	-9,670	-	-	-	-	-	-	-	-	-
Impairment of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,680	-	-	-	-	-	-
Loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-41	-47	-151	-9	82	69	-298	-349	-233	44	-629	654	-	24	-3,896	-	-	-	-	-	-	-	-	-
Loss from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-64	-	63	91	-112	-141	91	-977	-1,130	-1,436	-109	-1,766	169	-6,383	-1,523	-2,257	-1,560	102	-506	-2,132
Gain on sale of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	593	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt modification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	-	-
Other income
-43	479	248	496	216	148	166	342	89	364	164	326	81	394	192	363	141	731	178	46	164	155	204	192	361	456	132	73	392	138	297	298	311	130	314	117	327	105	371	78	317	94
Other expense, net
-5,944	-5,694	-5,921	-5,554	-6,127	-7,756	-6,205	-13,400	-6,336	-5,649	-6,046	-6,002	-6,772	-21,820	-9,578	-10,174	-9,737	-11,483	-10,239	-10,081	-10,493	-8,686	-9,154	-9,202	-9,377	-12,714	-9,079	-5,501	-9,680	-9,532	-10,553	-16,187	-24,870	-13,320	-10,917	-28,454	-12,403	-13,303	-18,922	-11,583	-11,808	-13,802
Income (loss) before income taxes
1,068	8,910	12,564	9,990	-1,685	-12,894	22,679	1,749	-5,498	4,206	12,231	-53,281	-208	-11,823	7,800	5,422	-7,763	-6,781	2,457	1,261	-7,367	3,274	1,469	136	-9,850	-22,689	-10,377	-2,797	-230	205	-8,443	-16,109	-20,444	-7,513	-48,252	-24,034	-777	-3,047	-20,704	-5,294	458	-1,147
Provision for income taxes
109	-156	178	-1,925	29	782	377	45	-1,588	-15,814	151	394	16	150	263	230	-149	239	198	318	596	-54	229	290	528	637	656	543	300	319	1,374	-4,963	413	650	264	601	67	661	-25,862	1,079	281	779
Loss from continuing operations before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-154	-	-23,326	-11,033	-3,340	-530	-114	-9,817	-11,146	-20,857	-8,163	-48,516	-24,635	-844	-3,708	5,158	-6,373	177	-1,926
Discontinued operations:
Income from discontinued operations, net of income tax provision of $0, $0, $0 and $0
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-45	329	-3,701	-328	-235	-216	-	-	-	-	-1,882	1,376	-767	-925
Loss on disposal of discontinued operations, net of income tax provision of $0, $0, $0 and $0
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-378	-	-	-	-	0	0	79	646	45,573	-1,368	-564	-51
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,973	7,537	5,192	-7,614	-7,020	2,259	943	-7,963	3,328	1,240	-154	-10,378	-23,326	-11,033	-3,340	-575	-163	-13,518	-11,474	-21,092	-8,379	-49,130	-24,635	-765	-3,062	-	-	-	-2,902
Less: Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3	-6	-1	-37	-82	1,308	3,771	160	136	-3,723	-3,954	-283	-147	-236	28	-121	-67	-125	-8	-	-	-	-	-	-	-	-
Net income (loss)
959	9,066	12,386	11,915	-1,714	-13,676	22,302	1,704	-3,910	20,020	12,080	-53,675	-224	-11,973	7,537	5,195	-7,608	-7,019	2,296	1,025	-9,271	-443	1,080	-290	-6,655	-19,372	-10,750	-3,193	-339	-191	-13,397	-11,407	-20,967	-8,371	-49,124	-24,635	-765	-3,062	-	-	-	-
Continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-290	-	-19,372	-10,750	-3,193	-294	-142	-9,696	-11,079	-20,732	-8,155	-48,510	-24,635	-844	-3,708	-	-	-	-
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-614	0	79	646	-	-	-	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-45	329	-	-328	-235	-216	-	-	-	-	-	-	-	-
Loss on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-378	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common stockholders
959	9,066	12,386	11,915	-1,714	-13,676	22,302	1,704	-3,910	20,020	12,080	-53,675	-224	-11,973	7,537	5,195	-7,608	-7,019	2,296	1,025	-9,271	-443	1,080	-290	-6,655	-19,372	-10,750	-3,193	-339	-191	-13,397	-11,407	-20,967	-8,371	-49,124	-24,635	-765	-3,062	-	-6,365	-1,154	-
Basic earnings (loss) per common share:
Basic earnings per share attributable to common stockholders:
Weighted average common shares outstanding
48,005	47,837	47,690	47,464	45,913	42,942	42,779	42,661	42,370	42,038	41,951	41,811	41,584	41,427	41,377	41,132	40,996	40,894	40,810	40,447	40,417	40,478	40,313	40,123	39,995	39,958	39,882	39,839	39,821	39,662	38,966	39,230	30,872	26,992	26,851	26,822	26,759	26,564	-	26,115	26,058	-
Income (loss) from continuing operations before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	0.01	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-
Gain (loss) on disposal of discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-
Basic earnings per common share (in dollars per share)
0.02	0.20	0.26	0.25	-0.04	-	0.52	0.04	-	-	0.29	-1.28	-	-	0.18	0.13	-	-	0.06	0.03	-	-	0.03	-	-0.17	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-0.04	-
Basic and diluted earnings per share, Continuing operations, net of tax (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-0.27	-	-	0.00	-0.21	-0.28	-0.67	-0.30	-1.81	-0.92	-0.03	-0.14	-	-0.24	-	-0.07
Basic and diluted earnings per share, Discontinued operations, net of tax (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-0.01	-0.01	-0.01	-	-	-	-	-	-	-	-
Loss on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	0.00	-	-0.01	-19.97	20.00	-	-0.05	-	-
(Loss) income from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	-	-
Basic and diluted earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-0.09	-	-	-	-0.01	-	-	-	-0.19	-	-	-	-0.23	-	-	-0.01	-	-	-0.27	-	-	0.00	-0.31	-0.29	-0.68	-0.31	-1.83	-0.92	-0.03	-0.12	-	-0.24	-	-0.11
Diluted earnings (loss) per common share:
Diluted earnings per share attributable to common stockholders:
Weighted average common shares outstanding
48,262	49,369	48,361	48,221	45,913	-	44,175	43,916	-	-	43,295	41,811	-	-	42,287	41,598	-	-	41,283	40,846	-	-	40,581	-	39,995	-	-	-	39,821	-	-	-	-	-	-	-	-	-	-	26,115	26,788	-
Income (loss) from continuing operations before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	0.01	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-
Gain (loss) on disposal of discontinued operations, net (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-
Diluted earnings per common share (in dollars per share)
0.02	0.19	0.26	0.25	-0.04	-	0.50	0.04	-	-	0.28	-1.28	-	-	0.18	0.12	-	-	0.06	0.03	-	-	0.03	-	-0.17	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-0.04	-
Net (loss) income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,365	-1,154	-