Waste Connections, Inc. (WCN) quarterly cash flow statement — complete operating, investing & financing history
Waste Connections, Inc. (WCN) cash flow statement — 29-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 691.92M | 733.29M | 545.6M | 556.88M | 677.45M | 638.2M | 541.54M | 568.93M | 558.31M | 611.38M | 490.31M | 555.94M | 554.16M | 574.35M | 442.36M | 522.36M | 526.46M | 532.78M | 440.9M | 428.27M |
| Operating CF Margin % | 26.23% | 28.63% | 23.01% | 23.11% | 27.56% | 26.51% | 24.3% | 25.17% | 23.87% | 27.19% | 23.66% | 27.31% | 26.84% | 28.42% | 23.28% | 27.94% | 28.01% | 29.33% | 26.78% | 26.37% |
| Operating CF Growth % | 2.14% | 14.9% | 0.75% | -2.12% | 21.34% | 4.39% | 10.45% | 2.34% | 0.75% | 6.45% | 10.84% | 6.43% | 5.26% | 7.8% | 0.33% | 21.97% | 24.91% | 18.9% | 10.12% | 92.09% |
| Net Income | 359.23M | 296.4M | 219.34M | 258.5M | 286.27M | 290.28M | 241.51M | -196M | 308.05M | 275.4M | 229.13M | 126.63M | 229.19M | 209.17M | 197.84M | 194.3M | 237.13M | 224.21M | 180.37M | 166.43M |
| Depreciation & Amortization | 339.41M | 325.88M | 314.75M | 319.17M | 315.33M | 307.66M | 289.95M | 321.79M | 293.64M | 285.35M | 262.98M | 253.12M | 254.37M | 252.37M | 243.34M | 242.83M | 232.15M | 226.4M | 217.59M | 214.18M |
| Stock-Based Compensation | 20.29M | 23.95M | 17.59M | 19.02M | 18.48M | 18.52M | 23.44M | 16.66M | 20.42M | 18.86M | 21.95M | 14.33M | 14.64M | 23M | 18.47M | 15.09M | 20.68M | 13.08M | 14.63M | 15.53M |
| Deferred Taxes | 25.13M | -28.54M | 28.54M | 22.82M | 35.55M | 22.13M | 36.16M | -138.56M | 33.68M | 17.2M | 30.39M | -22.73M | -2.37M | 3.2M | 28.23M | 2.38M | 6.11M | 46.61M | 38.38M | 38.84M |
| Other Non-Cash Items | 17.99M | -23.98M | 104.96M | 24.43M | 75.21M | 51.33M | 22.51M | 624.51M | -20.75M | 11.92M | 21.61M | 174.13M | 68.42M | 21.84M | 7.09M | 10.49M | 6.24M | 9.95M | 11.09M | 36.1M |
| Working Capital Changes | -70.11M | 139.58M | -139.58M | -87.05M | -53.39M | -51.7M | -72.03M | -59.48M | -76.72M | 2.65M | -75.76M | 10.47M | -10.1M | 64.77M | -52.6M | 57.26M | 24.16M | 12.53M | -21.15M | -42.82M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.55M | 0 | 0 | 0 | -54.69M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192.85M | 0 | 0 | 0 | 66.75M |
| Cash from Investing | -349.32M | -606.25M | -355.7M | -589.33M | -413.94M | -416.76M | -603.21M | -513.37M | -851.71M | -459.52M | -1.33B | -395.47M | -580.99M | -286.86M | -317.76M | -1.23B | -966.64M | -402.07M | -489.88M | -658.64M |
| Capital Expenditures | -299.93M | 296.6M | -296.6M | -399.43M | -297.17M | -285.31M | -212.46M | -396.69M | -272.13M | -217.22M | -169.95M | -318.45M | -221.41M | -218.36M | -175.79M | -294.36M | -246.88M | -219.11M | -152.32M | -264.83M |
| CapEx % of Revenue | 11.37% | 11.58% | 12.51% | 16.58% | 12.09% | 11.85% | 9.53% | 17.55% | 11.64% | 9.66% | 8.2% | 15.64% | 10.72% | 10.8% | 9.25% | 15.75% | 13.13% | 12.06% | 9.25% | 16.3% |
| Acquisitions | -59.04M | -246.56M | -63.09M | -190.27M | -116.57M | -130.32M | -380.42M | -110.6M | -574.57M | -242.28M | -1.16B | -103.61M | -360.03M | -68.54M | -144.61M | -933.99M | -725.93M | -191.77M | -355.21M | -424.17M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 9.64M | -656.29M | 3.98M | 366K | -197K | -1.13M | -10.34M | -6.08M | -5M | -24K | -8.21M | 26.59M | 452K | 36K | 2.64M | -230K | 6.18M | 8.81M | 17.65M | 30.37M |
| Cash from Financing | -325.11M | -186.39M | -96.14M | -28.55M | -239.01M | -205.86M | 113.38M | -95.41M | 338.48M | -176.6M | 878.48M | -177.87M | 22.74M | -323.85M | -65.42M | 578.05M | 425.27M | -266.92M | 292.06M | -7.92M |
| Debt Issued (Net) | 118.7M | 214.89M | 312.28M | 130.75M | 288.83M | -116.36M | 241.17M | -13.44M | 426.84M | -96.44M | 1B | -92.53M | 88.78M | -246.26M | 16.62M | 645.95M | 498.59M | -202.07M | 799.69M | 89.94M |
| Equity Issued (Net) | -326.65M | -330.55M | -280.93M | -63.34M | 65K | -389K | 324K | 816K | 912K | 18.02K | 286K | 29K | -740K | -5.71M | 765K | -893K | 0 | 355K | -424.69M | -33.05M |
| Dividends Paid | -88.39M | -88.36M | -88.75M | -89.86M | -81M | -81.47M | -81.48M | -81M | -73.98M | -73.7M | -73.57M | -73.79M | -65.67M | -65.35M | -65.79M | -65.3M | -58.9M | -59.42M | -59.39M | -59.45M |
| Share Repurchases | -329.93M | -330.55M | -283.96M | -63.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -740K | -5.71M | 0 | -893K | 0 | 0 | -425M | -33.35M |
| Other Financing | -28.77M | 17.62M | -38.74M | -6.11M | -446.91M | -7.64M | -46.63M | -1.78M | -15.29M | -6.48M | -50.33M | -11.58M | 376K | -6.53M | -17.02M | -1.71M | -14.41M | -5.78M | -23.55M | -5.35M |
| Net Change in Cash | 17.24M | -61.07M | 93.07M | -61.01M | 23.11M | 18.02M | 51.27M | -40.34M | 46.1M | -25.26M | 33.63M | -14.99M | -5.3M | -36.15M | 59.12M | -127.01M | -16.17M | -138.74M | 243.67M | -238.76M |
| Free Cash Flow | 392M | 1.03B | 249M | 157.45M | 380.28M | 352.89M | 329.08M | 172.24M | 286.18M | 394.16M | 320.36M | 237.5M | 332.75M | 356M | 266.57M | 227.99M | 279.57M | 313.67M | 288.58M | 163.43M |
| FCF Margin % | 14.86% | 40.2% | 10.5% | 6.53% | 15.47% | 14.66% | 14.77% | 7.62% | 12.24% | 17.53% | 15.46% | 11.67% | 16.12% | 17.61% | 14.03% | 12.2% | 14.87% | 17.27% | 17.53% | 10.06% |
| FCF Growth % | 3.08% | 191.84% | -24.33% | -8.59% | 32.88% | -10.47% | 2.72% | -27.48% | -14% | 10.72% | 20.18% | 4.17% | 19.02% | 13.49% | -7.63% | 39.5% | 31.01% | 14.69% | -4.95% | 256.14% |
| FCF per Share | 1.56 | 4.02 | 0.97 | 0.61 | 1.48 | 1.36 | 1.27 | 0.67 | 1.11 | 1.52 | 1.24 | 0.92 | 1.29 | 1.38 | 1.03 | 0.88 | 1.08 | 1.22 | 1.11 | 0.63 |
| FCF Conversion (FCF/Net Income) | 1.93x | 2.47x | 2.49x | 2.12x | 2.37x | 2.20x | 2.24x | -2.90x | 1.81x | 2.22x | 2.13x | 4.39x | 2.42x | 2.75x | 2.24x | 2.69x | 2.22x | 2.38x | 2.45x | 2.58x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |