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10-Q Filing

CASELLA WASTE SYSTEMS INC CIK: 911177 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001193125-15-177266
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance cwst-20150331.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Accounts receivable - trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.95M USD Point-in-time
Accounts receivable - trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.15M USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $736.84M USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $748.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.21M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.06M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $76.00K USD Point-in-time
Accounts receivable - trade, net of allowance for doubtful accounts of $1,948 and $2,153, respectively AccountsReceivableNetCurrent $52.51M USD Point-in-time
Accounts receivable - trade, net of allowance for doubtful accounts of $1,948 and $2,153, respectively AccountsReceivableNetCurrent $55.75M USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $554.00K USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $526.00K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $8.76M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $7.10M USD Point-in-time
Inventory InventoryGross $4.37M USD Point-in-time
Inventory InventoryGross $4.42M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $2.10M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $2.01M USD Point-in-time
Other current assets OtherAssetsCurrent $3.41M USD Point-in-time
Other current assets OtherAssetsCurrent $4.85M USD Point-in-time
Total current assets AssetsCurrent $73.03M USD Point-in-time
Total current assets AssetsCurrent $78.67M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $748,496 and $736,839, respectively PropertyPlantAndEquipmentNet $404.45M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $748,496 and $736,839, respectively PropertyPlantAndEquipmentNet $414.54M USD Point-in-time
Goodwill Goodwill $119.17M USD Point-in-time
Goodwill Goodwill $119.17M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $11.07M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $11.81M USD Point-in-time
Restricted assets RestrictedCashAndInvestmentsNoncurrent $2.55M USD Point-in-time
Restricted assets RestrictedCashAndInvestmentsNoncurrent $6.63M USD Point-in-time
Cost method investments CostMethodInvestments $14.43M USD Point-in-time
Cost method investments CostMethodInvestments $14.43M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $29.70M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $24.54M USD Point-in-time
Total assets Assets $660.44M USD Point-in-time
Total assets Assets $654.40M USD Point-in-time
Total assets Assets $669.79M USD Point-in-time
Current maturities of long-term debt and capital leases LongTermDebtAndCapitalLeaseObligationsCurrent $1.66M USD Point-in-time
Current maturities of long-term debt and capital leases LongTermDebtAndCapitalLeaseObligationsCurrent $1.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $48.52M USD Point-in-time
Accounts payable AccountsPayableCurrent $39.41M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $4.14M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $6.29M USD Point-in-time
Accrued interest InterestPayableCurrent $4.95M USD Point-in-time
Accrued interest InterestPayableCurrent $11.09M USD Point-in-time
Current accrued capping, closure and post-closure costs AccruedCappingClosurePostClosureAndEnvironmentalCosts $1.99M USD Point-in-time
Current accrued capping, closure and post-closure costs AccruedCappingClosurePostClosureAndEnvironmentalCosts $2.21M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $16.20M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $16.67M USD Point-in-time
Total current liabilities LiabilitiesCurrent $68.13M USD Point-in-time
Total current liabilities LiabilitiesCurrent $86.43M USD Point-in-time
Long-term debt and capital leases, less current portion LongTermDebtAndCapitalLeaseObligations $534.05M USD Point-in-time
Long-term debt and capital leases, less current portion LongTermDebtAndCapitalLeaseObligations $545.44M USD Point-in-time
Accrued capping, closure and post-closure costs, less current portion AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent $38.61M USD Point-in-time
Accrued capping, closure and post-closure costs, less current portion AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent $37.62M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $7.08M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $6.95M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.13M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.63M 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 $341.43M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $340.77M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-353.49M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-362.76M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $24.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $58.00K USD Point-in-time
Total Casella Waste Systems, Inc. stockholders' deficit StockholdersEquity $-20.90M USD Point-in-time
Total Casella Waste Systems, Inc. stockholders' deficit StockholdersEquity $-12.25M USD Point-in-time
Noncontrolling interests MinorityInterest $46.00K USD Point-in-time
Noncontrolling interests MinorityInterest $233.00K USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-20.86M USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-12.02M USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $654.40M USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $669.79M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Revenues Revenues $116.58M USD 1 Quarter
Revenues Revenues $113.20M USD 1 Quarter
Cost of operations CostOfGoodsAndServicesSold $86.40M USD 1 Quarter
Cost of operations CostOfGoodsAndServicesSold $87.83M USD 1 Quarter
General and administration GeneralAndAdministrativeExpense $16.80M USD 1 Quarter
General and administration GeneralAndAdministrativeExpense $16.39M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.61M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.75M USD 1 Quarter
Divestiture transactions DivestitureTransactions $4.93M USD 1 Quarter
Development project charge NoncashProjectAbandonmentCosts $1.44M USD 1 Quarter
Severance and reorganization costs SeveranceCosts1 $80.00K USD 1 Quarter
Expense from divestiture, acquisition and financing costs DivestitureAcquisitionFinancingCosts $10.00K USD 1 Quarter
Gain on settlement of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $-1.06M USD 1 Quarter
Total operating expenses CostsAndExpenses $116.87M USD 1 Quarter
Total operating expenses CostsAndExpenses $113.45M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-3.67M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $3.13M USD 1 Quarter
Interest income InterestIncomeOther $110.00K USD 1 Quarter
Interest income InterestIncomeOther $141.00K USD 1 Quarter
Interest expense InterestExpense $9.61M USD 1 Quarter
Interest expense InterestExpense $10.13M USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-521.00K USD 1 Quarter
Loss on derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-151.00K USD 1 Quarter
Loss on derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-150.00K USD 1 Quarter
Income from equity method investments IncomeLossFromEquityMethodInvestments $27.00K USD 1 Quarter
Loss on sale of equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $-221.00K USD 1 Quarter
Other income OtherNonoperatingIncome $164.00K USD 1 Quarter
Other income OtherNonoperatingIncome $207.00K USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $-10.49M USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $-9.63M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-13.31M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-7.37M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $303.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $596.00K USD 1 Quarter
Net loss ProfitLoss $-7.96M USD 1 Quarter
Net loss ProfitLoss $-13.61M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.31M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-187.00K USD 1 Quarter
Net loss attributable to common stockholders NetIncomeLoss $-9.27M USD 1 Quarter
Net loss attributable to common stockholders NetIncomeLoss $-13.42M USD 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 39.91M shares 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 40.42M shares 1 Quarter
Basic and diluted earnings per common share EarningsPerShareBasicAndDiluted $-0.34 USD 1 Quarter
Basic and diluted earnings per common share EarningsPerShareBasicAndDiluted $-0.23 USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-7.96M USD 1 Quarter
Net loss ProfitLoss $-13.61M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.61M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.75M USD 1 Quarter
Depletion of landfill operating lease obligations DepletionOfLandfillOperatingLeaseObligations $1.69M USD 1 Quarter
Depletion of landfill operating lease obligations DepletionOfLandfillOperatingLeaseObligations $1.99M USD 1 Quarter
Interest accretion on landfill and environmental remediation liabilities AccretionExpenseIncludingAssetRetirementObligations $848.00K USD 1 Quarter
Interest accretion on landfill and environmental remediation liabilities AccretionExpenseIncludingAssetRetirementObligations $1.02M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $660.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $576.00K USD 1 Quarter
Amortization of discount on long-term debt AmortizationOfDebtDiscountPremium $62.00K USD 1 Quarter
Amortization of discount on long-term debt AmortizationOfDebtDiscountPremium $80.00K USD 1 Quarter
Divestiture transactions DivestitureTransactions $4.93M USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $46.00K USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $185.00K USD 1 Quarter
Development project charge NoncashProjectAbandonmentCosts $1.44M USD 1 Quarter
Gain on settlement of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $-1.06M USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-521.00K USD 1 Quarter
Loss on derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-151.00K USD 1 Quarter
Loss on derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-150.00K USD 1 Quarter
Income from equity method investments IncomeLossFromEquityMethodInvestments $27.00K USD 1 Quarter
Loss on sale of equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $-221.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-49.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $243.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-3.24M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-3.76M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.95M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-9.11M USD 1 Quarter
Prepaid expenses, inventories and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.74M USD 1 Quarter
Prepaid expenses, inventories and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.34M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-8.87M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-5.62M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.36M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-5.70M USD 1 Quarter
Proceeds from settlement of contingent consideration ProceedsFromPreviousAcquisition $214.00K USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.48M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.44M USD 1 Quarter
Payments on landfill operating lease contracts PaymentsForLandfillOperatingLease $563.00K USD 1 Quarter
Payments on landfill operating lease contracts PaymentsForLandfillOperatingLease $478.00K USD 1 Quarter
Payments related to investments PaymentsToAcquireInvestments $84.00K USD 1 Quarter
Proceeds from divestiture transactions ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $4.55M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $216.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $89.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-283.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.77M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $197.59M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $47.86M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $186.50M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $41.25M USD 1 Quarter
Change in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $4.09M USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts $17.00K USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts $6.85M USD 1 Quarter
Distribution to noncontrolling interest holder PaymentsToMinorityShareholders $1.50M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $6.83M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $6.59M USD 1 Quarter
Net cash provided by investing activities CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $86.00K USD 1 Quarter
Net cash provided by discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $86.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $852.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $267.00K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.69M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.96M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.21M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $3.06M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.69M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.96M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.21M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $3.06M USD Point-in-time
Interest InterestPaidNet $14.96M USD 1 Quarter
Interest InterestPaidNet $15.34M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $500.00K USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $30.00K USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-20.86M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-12.02M USD Point-in-time
Net (loss) income ProfitLoss $-7.96M USD 1 Quarter
Net (loss) income ProfitLoss $-13.61M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-3.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-34.00K USD 1 Quarter
Issuances of Class A common stock StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $660.00K USD 1 Quarter
Distribution to noncontrolling interest holder MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.50M USD 1 Quarter
Other StockholdersEquityOther $4.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-20.86M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-12.02M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-7.96M USD 1 Quarter
Net loss ProfitLoss $-13.61M USD 1 Quarter
Unrealized loss resulting from changes in fair value of marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-34.00K USD 1 Quarter
Unrealized loss resulting from changes in fair value of marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-3.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-3.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-34.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-13.61M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-8.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.31M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-187.00K USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-9.30M USD 1 Quarter
Comprehensive loss attributable to common stockholders ComprehensiveIncomeNetOfTax $-13.43M USD 1 Quarter

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

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