Casella Waste Systems Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7.87	13.54	25.4	53.08	41.1
Depreciation & Amortization	318.53	244.12	170.71	126.35	103.59
Other Amortization	3.02	2.96	2.96	1.9	2.29
Stock-Based Compensation	14.22	12.19	9.08	8.16	11.55
Other Operating Activities	30.38	39.15	44.52	39.08	37.28
Change in Accounts Receivable	-3.6	1.25	-39.44	-7.1	-7.42
Change in Accounts Payable	-8.56	-13.63	41.59	11.08	13.89
Change in Other Net Operating Assets	-32.08	-18.22	-21.73	-15.22	-19.54
Operating Cash Flow	329.78	281.36	233.09	217.31	182.74
Operating Cash Flow Growth	17.21%	20.71%	7.26%	18.92%	30.60%
Capital Expenditures	-245.07	-203.23	-154.91	-130.96	-123.3
Sale of Property, Plant & Equipment	0.81	1.38	1.11	0.6	0.79
Cash Acquisitions	-224.21	-468.63	-851.84	-78.2	-170.65
Sale (Purchase) of Intangibles	-0.67	-0.28	-	-	-
Investment in Securities	-	-	-	1.64	-
Other Investing Activities	-	0.15	-	-	-
Investing Cash Flow	-469.15	-670.61	-1,006	-206.92	-293.15
Long-Term Debt Issued	91.5	846.75	465	88.2	3.7
Long-Term Debt Repaid	-116.34	-783.68	-26.26	-59.21	-10.31
Net Debt Issued (Repaid)	-24.84	63.07	438.74	28.99	-6.6
Issuance of Common Stock	-	496.59	496.32	0.19	0.17
Other Financing Activities	-2.23	-8.02	-12.76	-2.23	-3.68
Financing Cash Flow	-27.07	551.65	922.3	26.95	-10.12
Net Cash Flow	-166.44	162.39	149.76	37.34	-120.53
Free Cash Flow	84.71	78.13	78.19	86.35	59.44
Free Cash Flow Growth	8.42%	-0.07%	-9.46%	45.27%	86.84%
Free Cash Flow Margin	4.61%	5.02%	6.18%	7.96%	6.69%
Free Cash Flow Per Share	1.33	1.31	1.41	1.67	1.15
Cash Interest Paid	58.97	61.22	43.59	21	19.03
Cash Income Tax Paid	-0.15	6.78	10.11	2.8	1.44
Levered Free Cash Flow	113.95	49.8	69.25	65.16	35.81
Unlevered Free Cash Flow	150.01	85.85	96.03	78.08	46.79
Change in Working Capital	-44.24	-30.6	-19.57	-11.25	-13.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.