Waste Connections, Inc. (WCN)
NYSE: WCN · Real-Time Price · USD
165.93
+0.25 (0.15%)
At close: Aug 28, 2026, 4:00 PM EDT
165.68
-0.25 (-0.15%)
After-hours: Aug 28, 2026, 7:44 PM EDT
Waste Connections Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 1,061 | 1,077 | 617.57 | 762.8 | 835.66 | 618.05 |
Depreciation & Amortization | 1,275 | 1,232 | 1,164 | 1,003 | 918.96 | 813.01 |
Other Amortization | 8.78 | 8.38 | 10.01 | 6.48 | 5.45 | 5.06 |
Loss (Gain) From Sale of Assets | 109.24 | 113.56 | 122.64 | 38.88 | 9.52 | 11.35 |
Asset Writedown & Restructuring Costs | - | - | - | - | - | 16.38 |
Stock-Based Compensation | 79.03 | 79.45 | 77.89 | 70.44 | 63.49 | 58.22 |
Provision & Write-off of Bad Debts | 23.84 | 14.49 | 20.24 | 17.43 | 17.35 | 9.72 |
Other Operating Activities | 228.55 | 153.69 | 426.12 | 215.05 | 99.26 | 147.44 |
Change in Accounts Receivable | -68.06 | -68.06 | -10.65 | -20.63 | -100.55 | -54.69 |
Change in Accounts Payable | 57.08 | 57.08 | -33.32 | 32.33 | 192.85 | 66.75 |
Change in Unearned Revenue | 27.33 | 27.33 | 18.24 | 26.52 | 42.25 | 31.71 |
Change in Other Net Operating Assets | -288.22 | -280.52 | -183.57 | -25.68 | -61.76 | -24.76 |
Operating Cash Flow | 2,513 | 2,414 | 2,229 | 2,127 | 2,022 | 1,698 |
Operating Cash Flow Growth | 8.94% | 8.31% | 4.80% | 5.16% | 19.09% | 20.57% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,296 | -1,194 | -1,056 | -934 | -912.68 | -744.32 |
Sale of Property, Plant & Equipment | 7.63 | 10.13 | 7.9 | 31.58 | 30.68 | 42.77 |
Cash Acquisitions | -616.48 | -817.58 | -2,121 | -676.79 | -2,207 | -985.45 |
Divestitures | - | - | 37 | - | - | - |
Other Investing Activities | -9.77 | -21.43 | -27.21 | -1.87 | 1.73 | -6.49 |
Investing Cash Flow | -1,965 | -2,023 | -3,159 | -1,581 | -3,087 | -1,693 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 0.05 | - | - | - | - |
Long-Term Debt Issued | - | 2,674 | 4,564 | 1,819 | 4,816 | 2,112 |
Total Debt Issued | 2,778 | 2,674 | 4,564 | 1,819 | 4,816 | 2,112 |
Short-Term Debt Repaid | - | - | -0.23 | -0.79 | -1.08 | -0.37 |
Long-Term Debt Repaid | - | -2,130 | -3,245 | -2,052 | -3,074 | -1,893 |
Total Debt Repaid | -1,818 | -2,130 | -3,246 | -2,053 | -3,075 | -1,893 |
Net Debt Issued (Repaid) | 960.65 | 544.44 | 1,319 | -234.18 | 1,741 | 218.73 |
Issuance of Common Stock | 5.9 | 5.79 | 6.5 | 4.7 | 3.93 | 1.65 |
Repurchase of Common Stock | -1,145 | -537.33 | -32.93 | -31.01 | -443.36 | -357.6 |
Common Dividends Paid | -347.96 | -333.81 | -302.26 | -270.6 | -243.01 | -220.2 |
Other Financing Activities | -23.19 | -39.13 | -45.19 | -13.32 | -30.18 | -142.07 |
Financing Cash Flow | -550.09 | -360.04 | 944.95 | -544.41 | 1,028 | -499.5 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -3.79 | 0.62 | -0.56 | 1.34 | -2.04 | -0.03 |
Net Cash Flow | -5.89 | 31.41 | 14.14 | 2.67 | -38.25 | -494.77 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,218 | 1,220 | 1,173 | 1,193 | 1,110 | 953.91 |
Free Cash Flow Growth | 6.78% | 3.99% | -1.67% | 7.48% | 16.34% | 28.22% |
Free Cash Flow Margin | 12.47% | 12.88% | 13.15% | 14.87% | 15.39% | 15.51% |
Free Cash Flow Per Share | 4.76 | 4.73 | 4.54 | 4.62 | 4.30 | 3.65 |
Levered Free Cash Flow | 1,049 | 1,167 | 842.46 | 895.39 | 906.76 | 810.31 |
Unlevered Free Cash Flow | 1,259 | 1,368 | 1,037 | 1,061 | 1,028 | 907 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 308.32 | 308.32 | 298.93 | 260.92 | 177.42 | 157.49 |
Cash Income Tax Paid | 221.02 | 221.02 | 216 | 207.02 | 100.16 | 146.2 |
Change in Working Capital | -271.87 | -264.17 | -209.31 | 12.53 | 72.8 | 19.01 |