CASELLA WASTE SYSTEMS, INC. CWST Income Statement

Casella waste systems, inc. (CWST)

Income statement / TTM

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
762,536	743,290	724,394	698,679	676,869	660,660	637,158	624,595	612,962	599,309	591,882	582,746	573,400	565,030	561,259	556,311	555,355	546,500	495,647	491,386	484,951	525,938	515,982	0	506,354	497,633	0	448,763	481,715	466,255	455,335	442,954	445,365	458,395	467,950	469,808	466,857	459,886	454,685	0	0	0
Operating expenses:
Cost of operations
519,415	508,656	499,469	482,314	465,440	453,291	435,756	425,535	416,254	405,188	398,524	393,430	386,099	381,973	380,798	381,651	385,200	382,615	349,430	348,002	346,483	377,166	371,074	0	363,391	354,592	0	314,222	338,546	330,088	323,014	309,687	309,649	314,189	318,068	321,678	317,213	309,899	306,014	0	0	0
General and administration
94,392	92,782	89,849	87,858	86,506	84,791	83,219	83,424	81,425	79,243	78,297	76,324	75,614	75,356	76,016	74,687	74,674	72,892	65,251	65,014	62,537	66,794	63,163	0	62,381	61,865	0	55,607	60,639	58,093	58,205	57,463	57,068	59,247	60,264	63,154	64,053	63,687	63,396	0	0	0
Depreciation and amortization
83,707	79,790	77,081	74,343	72,014	70,508	67,365	65,754	64,236	62,102	61,734	61,318	61,252	61,856	62,760	62,970	63,409	62,704	54,905	54,307	55,233	61,206	62,427	0	62,309	60,339	0	53,951	58,163	57,064	56,576	57,264	58,127	58,618	58,415	57,738	56,484	57,043	58,121	0	0	0
Expense from acquisition activities and other items
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Southbridge landfill closure charge
2,767	2,709	17,891	7,768	7,023	8,054	-6,986	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withdrawal costs - multiemployer pension plan
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expense from acquisition activities and other items
-	-	3,180	2,664	-	1,872	930	349	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	877	1,410	0	0	0	-	-	-	-	-	-	-	-
Severance and reorganization costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	431	-	829	586	0	407	2,042	3,782	3,709	0	0	0	-	-	-	-	-	-	-	-
Environmental remediation charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	0	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract settlement charge
-	-	0	0	-	2,100	2,100	2,100	2,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Southbridge Landfill closure charge
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development project charge
-	-	0	0	-	311	311	311	311	0	0	0	0	-	-	-	-	-	-	-	-	1,440	0	-	0	-	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Legal settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Divestiture transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,517	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Total operating expenses
706,891	690,215	691,061	654,947	633,532	620,927	582,432	580,476	631,271	611,892	604,323	596,086	523,865	520,085	521,609	521,343	524,641	514,634	456,523	454,335	459,715	513,803	513,103	0	504,648	485,717	0	424,762	460,340	449,904	442,914	469,978	468,047	473,877	478,983	445,288	440,468	432,857	425,257	0	0	0
Operating income
55,645	53,075	33,333	43,732	43,337	39,733	54,726	44,119	-18,309	-12,583	-12,441	-13,340	49,535	44,945	39,650	34,968	30,714	31,866	39,124	37,051	25,236	12,135	2,879	0	1,706	11,916	0	24,001	21,375	16,351	12,421	-27,024	-22,682	-15,482	-11,033	24,520	26,389	27,029	29,428	0	0	0
Other expense (income):
Interest income
301	367	400	387	361	273	255	260	233	273	241	247	255	290	291	283	293	330	345	373	388	375	368	0	385	312	0	257	236	145	141	79	49	42	42	44	39	47	54	0	0	0
Interest expense
24,594	25,102	25,797	25,986	26,300	26,294	25,455	25,299	25,164	25,160	28,317	31,692	35,362	38,942	39,734	40,178	40,324	40,420	36,890	36,327	35,765	38,457	38,293	0	38,404	38,175	0	34,510	37,356	39,237	41,570	43,528	45,847	45,541	45,008	44,368	44,503	44,923	45,543	0	0	0
Loss on debt extinguishment
-	-	0	0	-	-	0	0	-	-517	-13,529	-13,720	-14,267	-13,747	-869	-1,023	-430	-999	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-
Impairment of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-227	-248	-125	-376	-574	-521	0	-1,232	-280	0	93	-3,847	0	-	0	0	-	-	-	-	-	-	-	-	-
Loss from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	-51	-	104	-936	0	-2,157	-3,452	-3,652	-4,441	-3,142	-8,089	-9,503	-9,994	-11,723	-5,238	-4,221	-4,096	0	0	0
Gain on sale of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt modification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Other income
1,180	1,439	1,108	1,026	872	745	961	959	943	935	965	993	1,030	1,090	1,427	1,413	1,096	1,119	543	569	884	1,176	1,094	0	1,282	1,059	0	900	1,125	1,044	1,036	1,053	872	888	863	920	881	871	860	0	0	0
Other expense, net
-23,113	-23,296	-25,358	-25,642	-33,488	-33,697	-31,590	-31,431	-24,033	-24,469	-40,640	-44,172	-48,344	-51,309	-40,972	-41,633	-41,540	-42,296	-39,499	-38,414	-37,710	-39,931	-36,746	0	-37,272	-37,427	0	-35,266	-45,952	-61,142	-64,930	-65,294	-77,561	-65,094	-65,077	-73,082	-56,211	-55,616	-56,115	0	0	0
Income (loss) before income taxes
32,532	29,779	7,975	18,090	9,849	6,036	23,136	12,688	-42,342	-37,052	-53,081	-57,512	1,191	-6,364	-1,322	-6,665	-10,826	-10,430	-375	-1,363	-12,474	-27,796	-33,867	0	-35,566	-25,511	0	-11,265	-24,577	-44,791	-52,509	-92,318	-100,243	-80,576	-76,110	-48,562	-29,822	-28,587	-26,687	0	0	0
Provision for income taxes
-1,794	-1,874	-936	-737	1,233	-384	-16,980	-17,206	-16,857	-15,253	711	823	659	494	583	518	606	1,351	1,058	1,089	1,299	1,340	1,937	0	2,008	1,799	0	2,536	-2,970	-2,857	-2,526	-3,636	1,928	1,582	1,593	-24,533	-24,055	-23,841	-23,723	0	0	0
Loss from continuing operations before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27,350	-	-27,310	0	-13,801	-21,607	-41,934	-49,983	-88,682	-102,171	-82,158	-77,703	-24,029	-5,767	-4,746	-2,964	0	0	0
Discontinued operations:
Income from discontinued operations, net of income tax provision of $0, $0, $0 and $0
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	284	-	-3,417	-3,745	-3,935	-4,480	0	0	0	-	-	-	-	-2,198	0	0	0
Loss on disposal of discontinued operations, net of income tax provision of $0, $0, $0 and $0
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-378	-	0	0	0	-	-	-	-	725	46,298	44,930	44,287	43,590	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-6,858	-1,905	-7,183	-11,432	-11,781	-1,433	-2,452	-13,773	-29,136	-35,804	0	-37,619	-27,404	0	-17,596	-25,730	-46,247	-54,463	-90,075	-103,236	-82,909	-77,592	0	0	0	-	-	-	0
Less: Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-10	-47	-126	1,188	4,960	5,157	1,516	-3,746	-7,664	0	-8,060	-4,309	0	-476	-396	-285	-321	0	0	0	-	-	-	-	-	-	-	-
Net income (loss)
34,326	31,653	8,911	18,827	8,616	6,420	40,116	29,894	-25,485	-21,799	-53,792	-58,335	535	-6,849	-1,895	-7,136	-11,306	-12,969	-6,393	-7,609	-15,289	-25,390	-28,140	0	-29,559	-23,095	0	-17,120	-25,334	-45,962	-54,142	-89,869	-103,097	-82,895	-77,586	0	0	0	-	-	-	-
Continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,149	-	-23,001	0	-13,325	-21,211	-41,649	-49,662	-88,476	-102,032	-82,144	-77,697	0	0	0	-	-	-	-
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	0	0	0	-	-	-	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Loss on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common stockholders
34,326	31,653	8,911	18,827	8,616	6,420	40,116	29,894	-25,485	-21,799	-53,792	-58,335	535	-6,849	-1,895	-7,136	-11,306	-12,969	-6,393	-7,609	-15,289	-25,390	-28,140	0	-29,559	-23,095	0	-17,120	-25,334	-45,962	-54,142	-89,869	-103,097	-82,895	-77,586	-34,827	-11,346	0	-	0	0	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-