Waste Connections Files Q3 2024 10-Q

TL;DR

**Waste Connections Q3 10-Q is in! Check financials for latest performance.**

AI Summary

Waste Connections, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates. Key financial information and disclosures are presented for the third quarter.

Why It Matters

This filing provides investors with the latest financial results and operational details for Waste Connections, Inc., crucial for understanding the company's current performance and future outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Players & Entities

• Waste Connections, Inc. (company) — Filer
• 2024-09-30 (date) — Period of Report
• 2024-10-24 (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

Filing Documents

• wcn-20240930x10q.htm (10-Q) — 3748KB
• wcn-20240930xex31d1.htm (EX-31.1) — 13KB
• wcn-20240930xex31d2.htm (EX-31.2) — 13KB
• wcn-20240930xex32d1.htm (EX-32.1) — 7KB
• wcn-20240930xex32d2.htm (EX-32.2) — 7KB
• wcn-20240930x10q001.jpg (GRAPHIC) — 2KB
• 0001558370-24-013554.txt ( ) — 15234KB
• wcn-20240930.xsd (EX-101.SCH) — 80KB
• wcn-20240930_cal.xml (EX-101.CAL) — 91KB
• wcn-20240930_def.xml (EX-101.DEF) — 378KB
• wcn-20240930_lab.xml (EX-101.LAB) — 593KB
• wcn-20240930_pre.xml (EX-101.PRE) — 617KB
• wcn-20240930x10q_htm.xml (XML) — 3391KB

– FINANCIAL INFORMATION (unaudited)

PART I – FINANCIAL INFORMATION (unaudited) Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Net Income 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 62 Item 4.

Controls and Procedures

Controls and Procedures 64

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 65 Item 6. Exhibits 65

Signatures

Signatures 66 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements WASTE CONNECTIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands of U.S. dollars, except share and per share amounts) September 30, December 31, 2024 2023 ASSETS Current assets: Cash and equivalents $ 115,265 $ 78,399 Accounts receivable, net of allowance for credit losses of $ 23,660 and $ 23,553 at September 30, 2024 and December 31, 2023, respectively 990,896 856,953 Prepaid expenses and other current assets 248,971 206,433 Total current assets 1,355,132 1,141,785 Restricted cash 123,243 105,639 Restricted investments 79,455 70,350 Property and equipment, net 8,234,162 7,228,331 Operating lease right-of-use assets 311,717 261,782 Goodwill 7,922,757 7,404,400 Intangible assets, net 1,982,809 1,603,541 Other assets, net 86,089 100,048 Total assets $ 20,095,364 $ 17,915,876 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 706,284 $ 642,455 Book overdraft 14,568 14,855 Deferred revenue 377,475 355,203 Accrued liabilities 552,741 521,428 Current portion of operating lease liabilities 39,618 32,533 Current portion of contingent consideration 55,474 94,996 Current portion of long-term debt and notes payable 7,873 26,462 Total current liabilities 1,754,033 1,687,932 Long-term portion of debt and notes payable 8,160,538 6,724,771 Long-term portion of operating lease liabilities 275,547 238,440 Long-term portion of contingent consideration 27,125 20,034 Deferred income taxes 1,099,369 1,022,480 Other long-term liabilities 517,297 524,438 Total liabilities 11,833,909 10,218,095 Commitments and contingencies (Note 18) Equity: Common shares: 258,062,086 shares issued and 258,009,392 shares outstanding at September 30, 2024; 257,659,921 shares issued and 257,600,479 shares outstanding at December 31, 2023 3,282,345 3,276,661 Additional paid-in capital

View Full Filing

View this 10-Q filing on SEC EDGAR