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10-Q Filing

COVANTA HOLDING CORP CIK: 225648 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000225648-17-000066
Period End Date 20170331
Filing Date 20170427
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance cva-20170331.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $9.00M USD Point-in-time
Receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $10.00M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $84.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $444.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $96.00M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $106.00M USD Point-in-time
Restricted funds held in trust RestrictedCashAndInvestmentsCurrent $56.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted funds held in trust RestrictedCashAndInvestmentsCurrent $52.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Receivables (less allowances) ReceivablesNetCurrent $279.00M USD Point-in-time
Receivables (less allowances) ReceivablesNetCurrent $332.00M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $72.00M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $78.00M USD Point-in-time
Total Current Assets AssetsCurrent $853.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Total Current Assets AssetsCurrent $544.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $3.06B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 136.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 136.00M shares Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $3.02B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 130.00M shares Point-in-time
Restricted funds held in trust RestrictedCashAndInvestmentsNoncurrent $52.00M USD Point-in-time
Restricted funds held in trust RestrictedCashAndInvestmentsNoncurrent $54.00M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 131.00M shares Point-in-time
Waste, service and energy contracts, net WasteServiceAndEnergyContractsNetNoncurrent $263.00M USD Point-in-time
Waste, service and energy contracts, net WasteServiceAndEnergyContractsNetNoncurrent $259.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $39.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $34.00M USD Point-in-time
Goodwill Goodwill $312.00M USD Point-in-time
Goodwill Goodwill $302.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $63.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $63.00M USD Point-in-time
Total Assets Assets $4.64B USD Point-in-time
Total Assets Assets $4.28B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $406.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $9.00M USD Point-in-time
Current portion of project debt ProjectDebtCurrent $22.00M USD Point-in-time
Current portion of project debt ProjectDebtCurrent $22.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $98.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $56.00M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $289.00M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $313.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $797.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $418.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.24B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.28B USD Point-in-time
Project debt ProjectDebtNoncurrent $391.00M USD Point-in-time
Project debt ProjectDebtNoncurrent $361.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $596.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $617.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $176.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $179.00M USD Point-in-time
Total Liabilities Liabilities $4.24B USD Point-in-time
Total Liabilities Liabilities $3.81B USD Point-in-time
Commitments and Contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Preferred stock ($0.10 par value; authorized 10 shares; none issued and outstanding) PreferredStockValueOutstanding - USD Point-in-time
Preferred stock ($0.10 par value; authorized 10 shares; none issued and outstanding) PreferredStockValueOutstanding - USD Point-in-time
Common stock ($0.10 par value; authorized 250 shares; issued; outstanding) CommonStockValueOutstanding $14.00M USD Point-in-time
Common stock ($0.10 par value; authorized 250 shares; issued; outstanding) CommonStockValueOutstanding $14.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $807.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $810.00M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-62.00M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.00M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-59.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-366.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-289.00M USD Point-in-time
Treasury Stock, at par TreasuryStockValue $1.00M USD Point-in-time
Treasury Stock, at par TreasuryStockValue $1.00M USD Point-in-time
Total Covanta Holding Corporation stockholders' equity StockholdersEquity $398.00M USD Point-in-time
Total Covanta Holding Corporation stockholders' equity StockholdersEquity $469.00M USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $4.64B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $4.28B USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Waste and service revenues WasteAndServiceRevenue $279.00M USD 1 Quarter
Waste and service revenues WasteAndServiceRevenue $286.00M USD 1 Quarter
Energy revenues ElectricUtilityRevenue $101.00M USD 1 Quarter
Energy revenues ElectricUtilityRevenue $86.00M USD 1 Quarter
Recycled metals revenues RecycledMetalsRevenues $13.00M USD 1 Quarter
Recycled metals revenues RecycledMetalsRevenues $16.00M USD 1 Quarter
Other operating revenues OtherSalesRevenueNet $16.00M USD 1 Quarter
Other operating revenues OtherSalesRevenueNet $10.00M USD 1 Quarter
Total operating revenues Revenues $403.00M USD 1 Quarter
Total operating revenues Revenues $404.00M USD 1 Quarter
Plant operating expenses CostOfServicesEnergyServices $315.00M USD 1 Quarter
Plant operating expenses CostOfServicesEnergyServices $332.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $12.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $15.00M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $28.00M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $23.00M USD 1 Quarter
Depreciation and amortization expense CostOfServicesDepreciationAndAmortization $52.00M USD 1 Quarter
Depreciation and amortization expense CostOfServicesDepreciationAndAmortization $52.00M USD 1 Quarter
Impairment Charges AssetImpairmentCharges - USD 1 Quarter
Impairment Charges AssetImpairmentCharges $15.00M USD 1 Quarter
Impairment charges OtherNonrecurringIncomeExpense $15.00M USD 1 Quarter
Impairment charges OtherNonrecurringIncomeExpense - USD 1 Quarter
Total operating expenses OperatingExpenses $427.00M USD 1 Quarter
Total operating expenses OperatingExpenses $417.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-14.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-23.00M USD 1 Quarter
Interest expense InterestExpense $36.00M USD 1 Quarter
Interest expense InterestExpense $34.00M USD 1 Quarter
Gain on asset sales GainLossOnDispositionOfAssets1 $-4.00M USD 1 Quarter
Gain on asset sales GainLossOnDispositionOfAssets1 - USD 1 Quarter
Other expense, net OtherExpenses - USD 1 Quarter
Other expense, net OtherExpenses $2.00M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-40.00M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-36.00M USD 1 Quarter
Income (loss) before income tax (expense) benefit and equity in net income from unconsolidated investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-63.00M USD 1 Quarter
Income (loss) before income tax (expense) benefit and equity in net income from unconsolidated investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-50.00M USD 1 Quarter
Income Tax (Expense) Benefit IncomeTaxExpenseBenefit $-10.00M USD 1 Quarter
Income Tax (Expense) Benefit IncomeTaxExpenseBenefit $-11.00M USD 1 Quarter
Equity in net income (loss) from unconsolidated investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Equity in net income (loss) from unconsolidated investments IncomeLossFromEquityMethodInvestments $3.00M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COVANTA HOLDING CORPORATION NetIncomeLoss $-52.00M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COVANTA HOLDING CORPORATION NetIncomeLoss $-37.00M USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 129.00M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 129.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 129.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 129.00M shares 1 Quarter
Basic EarningsPerShareBasic $-0.29 USD 1 Quarter
Basic EarningsPerShareBasic $-0.41 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.41 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.29 USD 1 Quarter
Cash Dividend Declared Per Share: CommonStockDividendsPerShareDeclared $0.25 USD 1 Quarter
Cash Dividend Declared Per Share: CommonStockDividendsPerShareDeclared $0.25 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $-52.00M USD 1 Quarter
Net (loss) income ProfitLoss $-37.00M USD 1 Quarter
Depreciation and amortization expense CostOfServicesDepreciationAndAmortization $52.00M USD 1 Quarter
Depreciation and amortization expense CostOfServicesDepreciationAndAmortization $52.00M USD 1 Quarter
Amortization of long-term debt deferred financing costs AmortizationOfFinancingCosts $2.00M USD 1 Quarter
Amortization of long-term debt deferred financing costs AmortizationOfFinancingCosts $1.00M USD 1 Quarter
Impairment charges OtherNonrecurringIncomeExpense $15.00M USD 1 Quarter
Impairment charges OtherNonrecurringIncomeExpense - USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.00M USD 1 Quarter
Equity in net income (loss) from unconsolidated investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Equity in net income (loss) from unconsolidated investments IncomeLossFromEquityMethodInvestments $3.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-14.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-14.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $1.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.00M USD 1 Quarter
Change in restricted funds held in trust IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities $-1.00M USD 1 Quarter
Change in restricted funds held in trust IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities $-2.00M USD 1 Quarter
Change in working capital, net of effects of acquisitions IncreaseDecreaseInOperatingCapital $-14.00M USD 1 Quarter
Change in working capital, net of effects of acquisitions IncreaseDecreaseInOperatingCapital $-15.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $10.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $35.00M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquireProductiveAssets $86.00M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquireProductiveAssets $62.00M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $9.00M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $16.00M USD 1 Quarter
Property insurance proceeds ProceedsFromInsuranceSettlementInvestingActivities $2.00M USD 1 Quarter
Property insurance proceeds ProceedsFromInsuranceSettlementInvestingActivities - USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-77.00M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-95.00M USD 1 Quarter
Proceeds from borrowings on long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from borrowings on long-term debt ProceedsFromIssuanceOfLongTermDebt $400.00M USD 1 Quarter
Proceeds from borrowings on revolving credit facility ProceedsFromLongTermLinesOfCredit $331.00M USD 1 Quarter
Proceeds from borrowings on revolving credit facility ProceedsFromLongTermLinesOfCredit $318.00M USD 1 Quarter
Proceeds from borrowings on Dublin project financing ProceedsfromborrowingsonDublinConvertiblePreferred $37.00M USD 1 Quarter
Proceeds from borrowings on Dublin project financing ProceedsfromborrowingsonDublinConvertiblePreferred $33.00M USD 1 Quarter
Payments of borrowings on revolving credit facility RepaymentsOfLongTermLinesOfCredit $237.00M USD 1 Quarter
Payments of borrowings on revolving credit facility RepaymentsOfLongTermLinesOfCredit $288.00M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $1.00M USD 1 Quarter
Payments on equipment financing capital lease RepaymentsOfLongTermCapitalLeaseObligations $1.00M USD 1 Quarter
Payments on equipment financing capital lease RepaymentsOfLongTermCapitalLeaseObligations $1.00M USD 1 Quarter
Payments on project debt RepaymentsOfProjectDebt $8.00M USD 1 Quarter
Payments on project debt RepaymentsOfProjectDebt $9.00M USD 1 Quarter
Payments of deferred financing costs PaymentsOfFinancingCosts $8.00M USD 1 Quarter
Payments of deferred financing costs PaymentsOfFinancingCosts $3.00M USD 1 Quarter
Cash dividends paid to stockholders PaymentsOfDividendsCommonStock $33.00M USD 1 Quarter
Cash dividends paid to stockholders PaymentsOfDividendsCommonStock $33.00M USD 1 Quarter
Change in restricted funds held in trust ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $6.00M USD 1 Quarter
Change in restricted funds held in trust ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $14.00M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $20.00M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-4.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $1.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $426.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $68.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $2.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.00M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $10.00M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $360.00M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $84.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $444.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $96.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $106.00M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax - USD 1 Quarter
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax - USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COVANTA HOLDING CORPORATION NetIncomeLoss $-52.00M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COVANTA HOLDING CORPORATION NetIncomeLoss $-37.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $3.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $9.00M USD 1 Quarter
Net unrealized gain (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-7.00M USD 1 Quarter
Net unrealized gain (loss) on derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Other comprehensive (loss) income attributable to Covanta Holding Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.00M USD 1 Quarter
Other comprehensive (loss) income attributable to Covanta Holding Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.00M USD 1 Quarter
Comprehensive loss attributable to Covanta Holding Corporation ComprehensiveIncomeNetOfTax $-49.00M USD 1 Quarter
Comprehensive loss attributable to Covanta Holding Corporation ComprehensiveIncomeNetOfTax $-35.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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