Waste Connections Files 2024 10-K

TL;DR

Waste Connections filed its 2024 10-K, detailing financials and operations for the year ending Dec 31, 2024.

AI Summary

Waste Connections, Inc. filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, previously known as Progressive Waste Solutions Ltd., operates in the refuse systems industry. The filing details its financial performance and business operations, including information on long-term debt and capital lease obligations.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Waste Connections' financial health and operational status for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing for a publicly traded company, providing routine financial and operational disclosures.

Key Numbers

• 2024 — Fiscal Year End (The period covered by the 10-K filing.)
• 20250213 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• Waste Connections, Inc. (company) — Filer of the 10-K
• 2024 (date) — Fiscal year end
• February 13, 2025 (date) — Filing date
• Progressive Waste Solutions Ltd. (company) — Former company name
• IESI-BFC Ltd (company) — Former company name
• BFI Canada Ltd (company) — Former company name

FAQ

Key Financial Figures

• $2.199 billion — onsideration having a net fair value of $2.199 billion. During the year ended December 31, 202
• $752.8 million — onsideration having a net fair value of $752.8 million. During the year ended December 31, 202
• $2.334 billion — onsideration having a net fair value of $2.334 billion. HUMAN CAPITAL We believe that empow
• $2,500 — l third party, award recipients receive $2,500 each per academic year for up to four y
• $1.1 million — Waste Connections that are approaching $1.1 million and a total commitment of up to $2.2 mi
• $2.2 million — million and a total commitment of up to $2.2 million. Employee Engagement Beyond compensat

Filing Documents

• wcn-20241231x10k.htm (10-K) — 5046KB
• wcn-20241231xex10d26.htm (EX-10.26) — 55KB
• wcn-20241231xex19d1.htm (EX-19.1) — 113KB
• wcn-20241231xex21d1.htm (EX-21.1) — 796KB
• wcn-20241231xex23d1.htm (EX-23.1) — 2KB
• wcn-20241231xex31d1.htm (EX-31.1) — 15KB
• wcn-20241231xex31d2.htm (EX-31.2) — 15KB
• wcn-20241231xex32d1.htm (EX-32.1) — 7KB
• wcn-20241231xex32d2.htm (EX-32.2) — 8KB
• wcn-20241231x10k001.jpg (GRAPHIC) — 2KB
• wcn-20241231x10k002.jpg (GRAPHIC) — 37KB
• wcn-20241231xex10d26001.jpg (GRAPHIC) — 23KB
• wcn-20241231xex10d26005.jpg (GRAPHIC) — 1KB
• wcn-20241231xex10d26007.jpg (GRAPHIC) — 4KB
• wcn-20241231xex10d26008.jpg (GRAPHIC) — 1KB
• wcn-20241231xex19d1001.jpg (GRAPHIC) — 29KB
• 0001558370-25-000893.txt ( ) — 23218KB
• wcn-20241231.xsd (EX-101.SCH) — 117KB
• wcn-20241231_cal.xml (EX-101.CAL) — 128KB
• wcn-20241231_def.xml (EX-101.DEF) — 471KB
• wcn-20241231_lab.xml (EX-101.LAB) — 870KB
• wcn-20241231_pre.xml (EX-101.PRE) — 800KB
• wcn-20241231x10k_htm.xml (XML) — 5299KB

RISK FACTORS

RISK FACTORS 32 1B. UNRESOLVED STAFF COMMENTS 47 1C. CYBERSECURITY 47 2.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 49 4. MINE SAFETY DISCLOSURE 49 PART II 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 50 6. [RESERVED] 51 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 52 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 78 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 80 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 143 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 143 9B. OTHER INFORMATION 144 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 144 PART III 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 144 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 144 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS 144 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 145 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 145 PART IV 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 145 16. FORM 10-K SUMMARY 148

SIGNATURES

SIGNATURES 149 SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS 150 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS This Annual Report on Form 10-K contains forward-looking statements based on expectations, estimates, and projections as of the date of this filing. Actual results may differ materially from those expressed in forward-looking statements. See Item 7 of Part II – "Management's Discussion and Analysis of Financial Condition and Results of Operations." Our Company Waste Connections, Inc. is the third largest solid waste services company in North America, providing non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation, in 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oil and natural gas exploration and production, or E&P, waste treatment, recovery and disposal services in several basins across the U.S and Canada., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Our senior management team has extensive experience in operating, acquiring and integrating non-hazardous waste services businesses, and we intend to continue to focus our efforts on both internal and acquisition-based growth. We anticipate that a part of our future growth will come from acquiring additional waste businesses and, therefore, we expect that additional acquisitions could continue to affect period-to-period comparisons of our operating results. Our Operating Strategy Our operating strategy seeks to improve financial returns and deliver superior shareholder value creation within the solid waste industry. We generally seek to avoid highly competitive, large urban markets and instead target markets where we can attain high market share either through exclusive contracts, vertical integration or asset positioning. We also target niche markets, like non-hazardous E&P waste treatment and disposal services, with similar characteristics. We are a leading prov

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View this 10-K filing on SEC EDGAR