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WCN - Waste Connections, Inc.

NYSE -> Industrials -> Waste Management
Woodbridge, Canada

WCN price evolution
WCN
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $458.37 $837.76 $849.15 $714.39
Short term investments
Net receivables $692.05 $649.56 $608.76 $630.26
Inventory
Total current assets $1160.29 $1506.44 $1503.99 $1408.27
Long term investments $58.43 $59.83 $56.62 $57.52
Property, plant & equipment $5577.43 $5419.43 $5407.32 $5455.43
Goodwill & intangible assets $7271.26 $6921.27 $6879.99 $6881.73
Total noncurrent assets $13114.54 $12599.76 $12538.94 $12584.09
Total investments $58.43 $59.83 $56.62 $57.52
Total assets $14274.83 $14106.21 $14042.93 $13992.36
Current liabilities
Accounts payable $341.21 $326.08 $280.02 $290.82
Deferred revenue $254.13 $250.25 $243.71 $233.6
Short long term debt $59.05 $61.25 $141.32 $56.02
Total current liabilities $1145.3 $1092.28 $1106.89 $1028.65
Long term debt $5001.8 $4902.19 $4759.62 $4855.9
Total noncurrent liabilities $6246.38 $6145.32 $5994.17 $6100.27
Total debt $5060.85 $4963.44 $4900.94 $4911.92
Total liabilities $7391.68 $7237.61 $7101.06 $7128.93
Shareholders' equity
Retained earnings $2949.98 $2889.03 $2765.4 $2659
Other shareholder equity $17.55 $78.27 $46.17 -$0.65
Total shareholder equity $6878.67 $6864.38 $6937.71 $6859.27
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $714.39 $423.22 $403.97 $600.83
Short term investments
Net receivables $630.26 $662.81 $609.54 $554.46
Inventory
Total current assets $1408.27 $1130.6 $1092.9 $1176.87
Long term investments $57.52 $51.18 $47.49 $15.18
Property, plant & equipment $5455.43 $5699.57 $5169 $4820.93
Goodwill & intangible assets $6881.73 $6673.91 $6160.31 $5769.21
Total noncurrent assets $12584.09 $12607.1 $11534.43 $10837.81
Total investments $57.52 $51.18 $47.49
Total assets $13992.36 $13737.69 $12627.33 $12014.68
Current liabilities
Accounts payable $290.82 $436.97 $359.97 $330.52
Deferred revenue $233.6 $216.44 $179.28 $145.2
Short long term debt $56.02 $46.35 $20.3 $30.88
Total current liabilities $1028.65 $1007.23 $860.71 $802.6
Long term debt $4855.9 $4513.81 $4153.47 $3899.57
Total noncurrent liabilities $6100.27 $5792.11 $5306.43 $4938.01
Total debt $4911.92 $4560.16 $4173.77 $3930.45
Total liabilities $7128.93 $6799.34 $6167.14 $5740.61
Shareholders' equity
Retained earnings $2659 $2654.21 $2264.51 $1856.95
Other shareholder equity -$0.65 -$10.96 -$74.79 $108.41
Total shareholder equity $6859.27 $6933.5 $6454.61 $6268.67
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $1597.17 $1533.93 $1395.94 $1398.25
Cost of revenue $946.1 $901.19 $825.92 $846.85
Gross Profit $651.07 $632.74 $570.02 $551.4
Operating activities
Research & development
Selling, general & administrative $155.52 $157.94 $141.42 $133.42
Total operating expenses $362.79 $367.19 $328.1 $352.6
Operating income $288.28 $265.55 $241.92 $198.8
Income from continuing operations
EBIT $173.22 $266.24 $243.03 $199.75
Income tax expense $18.42 $47.87 $40.29 $26.27
Interest expense $40.42 $41.33 $42.42 $42.81
Net income
Net income $114.38 $177.05 $160.31 $130.66
Income (for common shares) $114.38 $177.05 $160.31 $130.66
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $5445.99 $5388.68 $4922.94 $4630.49
Cost of revenue $3276.81 $3198.76 $2865.7 $2704.78
Gross Profit $2169.18 $2189.92 $2057.24 $1925.71
Operating activities
Research & development
Selling, general & administrative $537.63 $546.28 $524.39 $509.64
Total operating expenses $1758.15 $1346.44 $1223.73 $1294.88
Operating income $411.04 $843.48 $833.51 $630.83
Income from continuing operations
EBIT $416.97 $853.42 $838.96 $633.2
Income tax expense $49.92 $139.21 $159.99 -$68.91
Interest expense $162.38 $147.37 $132.1 $125.3
Net income
Net income $204.68 $566.84 $546.87 $576.82
Income (for common shares) $204.68 $566.84 $546.87 $576.82
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $114.38 $177.05 $160.31 $130.66
Operating activities
Depreciation $207.3 $201.93 $189.59 $196.7
Business acquisitions & disposals -$493.78 -$58.95 -$8.54 -$214.98
Stock-based compensation $13.97 $18.42 $10.31 $7.43
Total cash flows from operations $421.48 $448.08 $400.4 $222.95
Investing activities
Capital expenditures -$205.88 -$168.77 -$94.71 -$169.54
Investments
Total cash flows from investing -$702.05 -$232.24 -$100.55 -$395.98
Financing activities
Dividends paid -$53.42 -$53.42 -$53.91 -$53.96
Sale and purchase of stock $1.27 -$239.64 -$66
Net borrowings -$43.78 $66.17 -$22.41 -$10.36
Total cash flows from financing -$98.4 -$227.7 -$165.48 -$74.13
Effect of exchange rate -$0.43 $0.47 $0.4 $5.93
Change in cash and equivalents -$379.39 -$11.39 $134.76 -$241.23
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income $204.68 $566.84 $546.87 $576.82
Operating activities
Depreciation $752.4 $743.92 $680.49 $632.48
Business acquisitions & disposals -$388.79 -$761.61 -$830.09 -$410.69
Stock-based compensation $45.75 $42.67 $43.8 $39.36
Total cash flows from operations $1408.52 $1540.55 $1411.23 $1187.26
Investing activities
Capital expenditures -$645.48 -$662.52 -$540.76 -$450.86
Investments -$2.18 -$102.22
Total cash flows from investing -$1046.04 -$1426.01 -$1371.82 -$966.23
Financing activities
Dividends paid -$199.88 -$175.07 -$152.55 -$131.97
Sale and purchase of stock -$105.65 -$58.93 $1.95
Net borrowings $262.65 $96.57 $42.49 $208.22
Total cash flows from financing -$78.22 -$95.89 -$187.58 $56.76
Effect of exchange rate $6.91 $0.61 -$1.29 $1.79
Change in cash and equivalents $291.17 $19.25 -$149.45 $279.58
Fundamentals
Market cap $34.87B
Enterprise value $39.47B
Shares outstanding 260.53M
Revenue $5.93B
EBITDA $1.68B
EBIT $882.23M
Net Income $582.40M
Revenue Q/Q 14.94%
Revenue Y/Y 9.53%
P/E ratio 59.87
EV/Sales 6.66
EV/EBITDA 23.53
EV/EBIT 44.74
P/S ratio 5.88
P/B ratio 5.08
Book/Share 26.34
Cash/Share 1.76
EPS $2.24
ROA 4.13%
ROE 8.46%
Debt/Equity 1.04
Net debt/EBITDA 4.13
Current ratio 1.01
Quick ratio 1.01