Casella Waste Systems Q3 2024 Update

TL;DR

Casella Waste Systems filed its Q3 2024 10-Q, detailing financial performance and operations.

AI Summary

Casella Waste Systems Inc. reported its third-quarter results for the period ending September 30, 2024. The company's filing details its financial performance and operational updates. Specific financial figures and operational highlights for the quarter are presented within the report.

Why It Matters

This filing provides investors with the latest financial health and operational status of Casella Waste Systems, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-09-30 — Reporting Period End (Third quarter of fiscal year 2024)
• 2024-10-31 — Filing Date (Date the 10-Q was submitted to the SEC)

Key Players & Entities

• CASELLA WASTE SYSTEMS INC (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-10-31 (date) — Filing Date
• Rutland, VT (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — which registered Class A common stock, $0.01 par value per share CWST The Nasdaq Sto

Filing Documents

• cwst-20240930.htm (10-Q) — 2019KB
• cwst-ex311093024.htm (EX-31.1) — 10KB
• cwst-ex312093024.htm (EX-31.2) — 10KB
• cwst-ex321093024.htm (EX-32.1) — 4KB
• cwst-ex322093024.htm (EX-32.2) — 4KB
• 0000911177-24-000090.txt ( ) — 9781KB
• cwst-20240930.xsd (EX-101.SCH) — 49KB
• cwst-20240930_cal.xml (EX-101.CAL) — 81KB
• cwst-20240930_def.xml (EX-101.DEF) — 328KB
• cwst-20240930_lab.xml (EX-101.LAB) — 745KB
• cwst-20240930_pre.xml (EX-101.PRE) — 526KB
• cwst-20240930_htm.xml (XML) — 1743KB

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands) September 30, 2024 December 31, 2023 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 518,977 $ 220,912 Accounts receivable, net of allowance for credit losses of $ 7,649 and $ 4,066 , respectively 168,088 157,324 Refundable income taxes 5,010 3,089 Prepaid expenses 22,657 17,223 Inventory 20,240 17,859 Other current assets 8,079 9,918 Total current assets 743,051 426,325 Property and equipment, net of accumulated depreciation and amortization of $ 1,261,899 and $ 1,167,541 , respectively 1,059,716 980,553 Operating lease right-of-use assets 102,445 100,844 Goodwill 907,876 735,670 Intangible assets, net 273,312 241,429 Restricted assets 2,422 2,203 Cost method investments 10,967 10,967 Deferred income taxes — 11,224 Other non-current assets 23,440 26,255 Total assets $ 3,123,229 $ 2,535,470 The accompanying notes are an integral part of these consolidated financial statements. 1 CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Continued) (in thousands, except for share and per share data) September 30, 2024 December 31, 2023 (Unaudited) LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of debt $ 38,368 $ 35,781 Current operating lease liabilities 10,492 9,039 Accounts payable 101,632 116,794 Accrued payroll and related expenses 25,045 22,657 Accrued interest 2,928 3,886 Contract liabilities 47,798 31,472 Current accrued final capping, closure and post-closure costs 15,991 10,773 Other accrued liabilities 49,000 48,456 Total current liabilities 291,254 278,858 Debt, less current portion 1,045,509 1,007,662 Operating lease liabilities, less current portion 68,601 66,074 Accrued final capping, closure and post-closure costs, less current portion 133,644 123,131 Deferred income taxes 15,385 627 Other long-term liabilities 37,306 37,32

View Full Filing

View this 10-Q filing on SEC EDGAR