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10-Q Filing

CASELLA WASTE SYSTEMS INC CIK: 911177 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000911177-18-000026
Period End Date 20180331
Filing Date 20180504
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance cwst-20180331.xml
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Accounts receivable - trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $743.00K USD Point-in-time
Accounts receivable - trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $809.00K USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $811.47M USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $828.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Accounts receivable - trade, net of allowance for doubtful accounts AccountsReceivableNetCurrent $65.95M USD Point-in-time
Accounts receivable - trade, net of allowance for doubtful accounts AccountsReceivableNetCurrent $66.29M USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $959.00K USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $522.00K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $7.66M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $8.30M USD Point-in-time
Inventory InventoryGross $6.53M USD Point-in-time
Inventory InventoryGross $6.49M USD Point-in-time
Other current assets OtherAssetsCurrent $1.08M USD Point-in-time
Other current assets OtherAssetsCurrent $1.12M USD Point-in-time
Total current assets AssetsCurrent $84.38M USD Point-in-time
Total current assets AssetsCurrent $84.92M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $361.55M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $366.82M USD Point-in-time
Goodwill Goodwill $122.61M USD Point-in-time
Goodwill Goodwill $130.32M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $8.15M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $10.28M USD Point-in-time
Restricted assets RestrictedCashAndInvestmentsNoncurrent $1.20M USD Point-in-time
Restricted assets RestrictedCashAndInvestmentsNoncurrent $1.22M USD Point-in-time
Cost method investments CostMethodInvestments $12.33M USD Point-in-time
Cost method investments CostMethodInvestments $12.33M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $10.98M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $11.57M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $14.54M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $13.15M USD Point-in-time
Total assets Assets $614.95M USD Point-in-time
Total assets Assets $631.38M USD Point-in-time
Total assets Assets $621.25M USD Point-in-time
Current maturities of long-term debt and capital leases LongTermDebtAndCapitalLeaseObligationsCurrent $5.04M USD Point-in-time
Current maturities of long-term debt and capital leases LongTermDebtAndCapitalLeaseObligationsCurrent $4.93M USD Point-in-time
Accounts payable AccountsPayableCurrent $49.60M USD Point-in-time
Accounts payable AccountsPayableCurrent $47.08M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $12.18M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $4.57M USD Point-in-time
Accrued interest InterestPayableCurrent $2.09M USD Point-in-time
Accrued interest InterestPayableCurrent $2.31M USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.82M USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $2.57M USD Point-in-time
Current accrued capping, closure and post-closure costs AccruedCappingClosurePostClosureAndEnvironmentalCosts $3.46M USD Point-in-time
Current accrued capping, closure and post-closure costs AccruedCappingClosurePostClosureAndEnvironmentalCosts $3.04M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $17.06M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $17.43M USD Point-in-time
Total current liabilities LiabilitiesCurrent $88.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $84.61M USD Point-in-time
Long-term debt and capital leases, less current portion LongTermDebtAndCapitalLeaseObligations $477.58M USD Point-in-time
Long-term debt and capital leases, less current portion LongTermDebtAndCapitalLeaseObligations $494.93M USD Point-in-time
Accrued capping, closure and post-closure costs, less current portion AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent $59.26M USD Point-in-time
Accrued capping, closure and post-closure costs, less current portion AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent $62.21M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.37M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.31M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $25.11M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $26.07M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $359.02M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $356.64M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-395.11M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-399.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $184.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $734.00K USD Point-in-time
Total stockholders' deficit StockholdersEquity $-37.86M USD Point-in-time
Total stockholders' deficit StockholdersEquity $-38.82M USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $631.38M USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $614.95M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenues Revenues $147.46M USD 1 Quarter
Revenues Revenues $133.80M USD 1 Quarter
Cost of operations CostOfGoodsAndServicesSold $105.61M USD 1 Quarter
Cost of operations CostOfGoodsAndServicesSold $94.54M USD 1 Quarter
General and administration GeneralAndAdministrativeExpense $21.03M USD 1 Quarter
General and administration GeneralAndAdministrativeExpense $18.84M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.98M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.85M USD 1 Quarter
Contract settlement charge ContractSettlementCharge $2.10M USD 1 Quarter
Contract settlement charge ContractSettlementCharge - USD 1 Quarter
Southbridge Landfill closure charge LandfillClosureCharge - USD 1 Quarter
Southbridge Landfill closure charge LandfillClosureCharge $1.59M USD 1 Quarter
Development project charge AbandonedDevelopmentProjectExpense $311.00K USD 1 Quarter
Development project charge AbandonedDevelopmentProjectExpense - USD 1 Quarter
Total operating expenses CostsAndExpenses $127.24M USD 1 Quarter
Total operating expenses CostsAndExpenses $146.62M USD 1 Quarter
Operating income OperatingIncomeLoss $838.00K USD 1 Quarter
Operating income OperatingIncomeLoss $6.56M USD 1 Quarter
Interest income InterestIncomeOther $69.00K USD 1 Quarter
Interest income InterestIncomeOther $29.00K USD 1 Quarter
Interest expense InterestExpense $6.45M USD 1 Quarter
Interest expense InterestExpense $6.45M USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-472.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Other income OtherNonoperatingIncome $89.00K USD 1 Quarter
Other income OtherNonoperatingIncome $81.00K USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-6.77M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-6.34M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-208.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.50M USD 1 Quarter
(Benefit) provision for income taxes IncomeTaxExpenseBenefit $16.00K USD 1 Quarter
(Benefit) provision for income taxes IncomeTaxExpenseBenefit $-1.59M USD 1 Quarter
Net loss NetIncomeLoss $-3.91M USD 1 Quarter
Net loss NetIncomeLoss $-224.00K USD 1 Quarter
Weighted average common shares outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 42.37M shares 1 Quarter
Weighted average common shares outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 41.58M shares 1 Quarter
Basic and diluted earnings per common share (in dollars per share) EarningsPerShareBasicAndDiluted $-0.01 USD 1 Quarter
Basic and diluted earnings per common share (in dollars per share) EarningsPerShareBasicAndDiluted $-0.09 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-224.00K USD 1 Quarter
Net loss ProfitLoss $-3.91M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.98M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.85M USD 1 Quarter
Depletion of landfill operating lease obligations DepletionOfLandfillOperatingLeaseObligations $1.76M USD 1 Quarter
Depletion of landfill operating lease obligations DepletionOfLandfillOperatingLeaseObligations $2.39M USD 1 Quarter
Interest accretion on landfill and environmental remediation liabilities AccretionExpenseIncludingAssetRetirementObligations $965.00K USD 1 Quarter
Interest accretion on landfill and environmental remediation liabilities AccretionExpenseIncludingAssetRetirementObligations $1.42M USD 1 Quarter
Amortization of debt issuance costs and discount on long-term debt AmortizationOfFinancingCostsAndDiscounts $689.00K USD 1 Quarter
Amortization of debt issuance costs and discount on long-term debt AmortizationOfFinancingCostsAndDiscounts $646.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.26M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.08M USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $283.00K USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $84.00K USD 1 Quarter
Southbridge Landfill non-cash closure charge NoncashLandfillClosureCharge - USD 1 Quarter
Southbridge Landfill non-cash closure charge NoncashLandfillClosureCharge $1.40M USD 1 Quarter
Development project charge NoncashProjectAbandonmentCosts - USD 1 Quarter
Development project charge NoncashProjectAbandonmentCosts $311.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-472.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.19M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-74.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-5.57M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-1.24M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.41M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.49M USD 1 Quarter
Prepaid expenses, inventories and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $145.00K USD 1 Quarter
Prepaid expenses, inventories and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $504.00K USD 1 Quarter
Accrued expenses, contract liabilities and other liabilities IncreaseDecreaseInAccruedExpensesContractLiabilitiesAndOtherLiabilities $-8.25M USD 1 Quarter
Accrued expenses, contract liabilities and other liabilities IncreaseDecreaseInAccruedExpensesContractLiabilitiesAndOtherLiabilities $-8.83M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $12.79M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $10.68M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $18.96M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $414.00K USD 1 Quarter
Acquisition related additions to property, plant and equipment PaymentsToAcquireAcquisitionRelatedPropertyPlantAndEquipment $998.00K USD 1 Quarter
Acquisition related additions to property, plant and equipment PaymentsToAcquireAcquisitionRelatedPropertyPlantAndEquipment $58.00K USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.63M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.92M USD 1 Quarter
Payments on landfill operating lease contracts PaymentsForLandfillOperatingLease $509.00K USD 1 Quarter
Payments on landfill operating lease contracts PaymentsForLandfillOperatingLease $977.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $84.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $342.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-28.04M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $71.20M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $66.70M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $71.93M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $51.36M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $620.00K USD 1 Quarter
Proceeds from the exercise of share based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $358.00K USD 1 Quarter
Proceeds from the exercise of share based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $310.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-995.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $15.65M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $397.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-318.00K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.39M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.54M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.23M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.39M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.54M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.00M USD Point-in-time
Interest InterestPaidNet $5.55M USD 1 Quarter
Interest InterestPaidNet $8.04M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $36.00K USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $54.00K USD 1 Quarter
Non-current assets obtained through long-term obligations FairValueOfAssetsAcquired $1.44M USD 1 Quarter
Non-current assets obtained through long-term obligations FairValueOfAssetsAcquired - USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $-37.86M USD Point-in-time
Beginning balance StockholdersEquity $-38.82M USD Point-in-time
Net loss NetIncomeLoss $-3.91M USD 1 Quarter
Net loss NetIncomeLoss $-224.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $568.00K USD 1 Quarter
Issuances of Class A common stock StockIssuedDuringPeriodValueShareBasedCompensation $310.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.08M USD 1 Quarter
Ending balance StockholdersEquity $-37.86M USD Point-in-time
Ending balance StockholdersEquity $-38.82M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-3.91M USD 1 Quarter
Net loss NetIncomeLoss $-224.00K USD 1 Quarter
Interest rate swap settlements OtherComprehensiveIncomeLossSettlementonDerivativesAfterTax $-44.00K USD 1 Quarter
Interest rate swap settlements OtherComprehensiveIncomeLossSettlementonDerivativesAfterTax $-61.00K USD 1 Quarter
Interest rate swap amounts reclassified into interest expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-69.00K USD 1 Quarter
Interest rate swap amounts reclassified into interest expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-53.00K USD 1 Quarter
Unrealized gain (loss) resulting from changes in fair value of derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-66.00K USD 1 Quarter
Unrealized gain (loss) resulting from changes in fair value of derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $785.00K USD 1 Quarter
Unrealized gain resulting from changes in fair value of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent - USD 1 Quarter
Unrealized gain resulting from changes in fair value of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $23.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-18.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $777.00K USD 1 Quarter
Income tax expense related to items of other comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $209.00K USD 1 Quarter
Income tax expense related to items of other comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 - USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $568.00K USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-242.00K USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-3.34M USD 1 Quarter

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

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