WASTE CONNECTIONS, INC. WCN Cash Flow

Waste connections, inc. (WCN)

CashFlow / 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
Cash flows from operating activities:
Net income (loss)
142,893	133,191	159,074	148,839	125,577	132,543	150,765	138,814	125,032	315,129	123,384	123,887	15,020	85,703	88,881	27,720	45,017
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on disposal of assets and impairments
-135	-28,740	-12,928	-2,552	-16,372	-3,341	3,238	-7,227	-2,863	-12,393	6,510	1,279	-129,887	-23,169	-3,063	-278	-231
Depreciation
150,821	156,780	157,993	156,776	146,847	148,842	148,232	142,449	133,185	135,179	136,941	132,827	125,240	122,612	125,743	84,348	60,897
Amortization of leases
5,353	6,438	4,478	5,969	7,214	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
31,638	31,701	31,935	31,344	30,542	28,335	26,871	26,475	26,098	25,411	26,614	24,762	25,510	21,593	26,944	14,081	7,694
Foreign currency transaction loss
-	-	-	-	-	-	-	-	-	-	-1,864	-1,048	-590	-	-	-	-
Deferred income taxes, net of acquisitions
23,259	13,156	22,570	8,785	10,126	32,094	19,366	5,442	20,957	-142,312	-593	16,150	-26,528	6,330	10,605	7,890	17,473
Amortization of debt issuance costs
3,420	1,293	1,294	1,266	1,148	1,071	1,006	1,005	1,076	1,120	1,120	1,088	1,013	970	1,035	2,172	670
Share-based compensation
13,046	7,161	8,747	11,595	15,168	8,369	15,172	11,082	9,180	6,954	9,043	10,374	12,990	9,296	9,071	21,106	5,299
Interest income on restricted investments
-	-	-	-	-	-	-	-	-	-	104	146	137	-	120	117	129
Interest accretion
4,352	4,143	4,140	4,171	3,972	3,726	3,732	3,738	3,665	3,416	3,519	3,463	3,424	3,467	3,409	2,164	1,465
Excess tax benefit associated with equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	45	136	581	4,434
Payment of contingent consideration recorded in earnings
-	-	-	-	-	0	0	0	11	-	-	-	-	80	281	99	33
Adjustments to contingent consideration
-	32	0	0	1,466	0	0	-353	702	0	6,741	-300	11,313	-60	-68	-2,420	-75
Other
-2,308	924	-198	1,369	145	-763	-116	37	-101	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects from acquisitions:
Net change in operating assets and liabilities, net of acquisitions
7,639	-	-29,025	-19,348	-5,485	-	-10,839	-21,842	15,601	-	-34,450	47,446	10,844	-	-10,689	60,923	-30,641
Net cash provided by operating activities
369,586	355,117	432,382	389,276	363,772	373,443	372,861	357,684	307,247	298,885	336,469	264,428	287,478	256,481	279,185	94,930	164,716
Cash flows from investing activities:
Payments for acquisitions, net of cash acquired
5,943	316,218	38,970	366,502	14,920	330,027	14,545	173,555	311,964	16,693	46,066	3,671	344,265	3,428	1,162	8,986	3,555
Capital expenditures for property and equipment
137,781	200,880	179,736	139,552	114,238	172,633	171,800	110,496	91,216	161,902	114,768	111,412	91,205	139,789	92,847	55,512	56,575
Proceeds from disposal of assets
3,499	940	1,428	559	639	1,687	1,624	1,072	1,002	2,606	5,209	1,802	18,815	1,578	1,466	879	681
Change in restricted investments, net of interest income
-4,348	-	-	-	-	-	-	-	-	-	-2,688	-655	1,423	-	301	147	-260
Other
-2,251	-836	456	543	-473	401	491	-27	104	-4,101	1,733	1,082	650	3,084	2,320	843	-147
Net cash used in investing activities
-133,626	-540,334	-245,382	-512,244	-128,046	-501,374	-185,212	-282,952	-402,282	-173,808	-154,670	-113,708	-418,728	-139,534	-95,141	1,136	-59,042
Cash flows from financing activities:
Proceeds from long-term debt
1,790,625	554,000	5,641	960,800	55,354	857,000	1	130,111	35,625	76,807	31,995	428,866	436,086	61,930	54,683	3,237,676	115,000
Principal payments on notes payable and long-term debt
970,393	286,546	49,576	1,082,538	52,051	583,073	49,563	231,325	106,812	103,382	80,962	415,388	170,374	101,281	151,758	3,263,981	197,024
Payment of contingent consideration recorded at acquisition date
1,976	1,579	1,071	275	275	668	483	2,771	2,205	11,318	275	275	5,290	4,217	7,996	1,892	2,217
Change in book overdraft
-3,848	-4,475	2,445	2,250	-2,784	-596	889	-837	-295	-5,573	-5,665	-568	20,047	-7,355	4,052	2,149	-151
Proceeds from option and warrant exercises
-	-	-	-	-	-	-	-	-	-	0	0	1,946	-	-	-	-
Excess tax benefit associated with equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	45	136	581	4,434
Payments for repurchase of common shares
105,654	-	-	-	-	16,888	0	0	42,040	-	-	-	-	-	-	-	-
Payments for cash dividends
48,018	48,719	42,133	42,131	42,084	42,103	36,863	36,770	36,814	36,774	31,738	31,756	31,707	31,546	25,416	17,794	17,791
Tax withholdings related to net share settlements of equity-based compensation
23,090	68	328	291	16,973	56	387	468	14,121	240	133	591	13,030	36	112	1,717	9,632
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	4
Debt issuance costs
10,936	-	-	-	-	5,791	82	569	2,188	29	119	2,886	633	-	-	-	-
Proceeds from sale of common shares held in trust
679	0	341	85	3,610	286	235	199	1,947	2,110	969	5,366	2,369	-	-	-	-
Other
-	-	-	-	-	0	0	0	-103	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
627,389	212,145	-84,781	-168,055	-55,203	208,111	-86,253	-142,430	-167,006	-78,399	-85,929	-18,326	239,414	-77,929	-120,073	-49,482	-107,385
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-2,364	465	-127	77	193	-762	387	-933	18	819	304	585	87	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
860,985	27,393	102,092	-290,946	180,716	79,418	101,783	-68,631	-262,023	47,497	96,174	132,979	108,251	38,903	63,711	46,361	-1,711
Plus (less): change in cash held for sale
-	-	-	-	-	0	-159	68	-101	123	-278	278	27	-	-	-	-
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION AND NON-CASH TRANSACTIONS:
Payments for acquisitions, net of cash acquired
5,943	-	-	-	14,920	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed and notes payable issued to sellers of businesses acquired
-	-	-	-	-	178,543	1,363	34,768	64,622	74	7,405	-10,447	146,537	-2,892	5,699	2,565,569	766
Non-cash consideration received for asset sales
-	-	-	-	-	-	-	-	-	-80,399	80,340	4,500	8,132	-	-	-	-