Casella Waste Systems, Inc. (CWST) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 62.25M | 96.56M | 93.56M | 89.53M | 50.12M | 109.76M | 91.81M | 72.1M | 7.68M | 75.27M | 74.63M | 67.4M | 15.8M | 64.88M | 60.18M | 67.54M | 24.71M | 48.65M | 55.08M | 46.87M |
| Operating CF Margin % | 13.61% | 20.59% | 19.28% | 19.24% | 12.02% | 25.68% | 22.3% | 19.12% | 2.25% | 20.93% | 21.16% | 23.27% | 6.02% | 23.84% | 20.38% | 23.81% | 10.56% | 20.12% | 22.76% | 21.71% |
| Operating CF Growth % | 24.2% | -12.02% | 1.91% | 24.16% | 552.73% | 45.83% | 23.03% | 6.98% | -51.39% | 16% | 24.01% | -0.2% | -36.08% | 33.37% | 9.27% | 44.11% | -23.12% | 73.7% | 11.44% | -1.75% |
| Net Income | -5.54M | -2.51M | 9.98M | 5.21M | -4.81M | 4.88M | 5.77M | 7.01M | -4.12M | -1.81M | 18.17M | 5.49M | 3.55M | 8.42M | 22.67M | 17.8M | 4.19M | 9.14M | 15.86M | 11.78M |
| Depreciation & Amortization | 77.98M | 83.12M | 71.4M | 80.72M | 75.2M | 69.2M | 62.07M | 58.26M | 56.97M | 61.39M | 54.29M | 40.96M | 39.27M | 38.63M | 38.11M | 36.86M | 34.56M | 34.34M | 33.02M | 29.73M |
| Stock-Based Compensation | 2.87M | 0 | 11.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -3.23M | 2.19M | 1.22M | 3.18M | -3.33M | 3.47M | 3.27M | 2.58M | -2.42M | 2.16M | 3.28M | 1.87M | 86K | 2.71M | 6.66M | 6.62M | 534K | 2.1M | 5.93M | 4.74M |
| Other Non-Cash Items | -9.83M | 11.18M | -38.03M | 10.18M | 10.64M | 9.79M | 17.25M | 10.72M | 7.27M | 6.58M | 3.65M | 10.23M | 3.51M | 4.07M | 2.24M | 920K | 3.56M | 3.82M | 2.96M | 4.49M |
| Working Capital Changes | 0 | 2.59M | 37.34M | -9.76M | -27.58M | 22.43M | 3.46M | -6.47M | -50.02M | 6.96M | -4.76M | 8.85M | -30.62M | 11.05M | -9.51M | 5.34M | -18.12M | -754K | -2.69M | -3.88M |
| Change in Receivables | 0 | 14.73M | 4.74M | -10.36M | 5.62M | 10.12M | -1.86M | -17.54M | 10.53M | -16.14M | -19.34M | -9.65M | 5.69M | 7.13M | 437K | -15.07M | 402K | 3.52M | -6.23M | -12.58M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -10.44M | -5.8M | 13.88M | -8.08M | 6.9M | 1.76M | 14.22M | -36.51M | 17.02M | 15.67M | 16.46M | -7.56M | 3.13M | -2.2M | 8.03M | 2.12M | -6.43M | 9.45M | 9.52M |
| Cash from Investing | -144.18M | -64.42M | -108.33M | -137.57M | -158.82M | -285.98M | -311.65M | -42.92M | -30.06M | -68.48M | -339.93M | -579.5M | -17.73M | -45.86M | -50.45M | -48.09M | -62.52M | -59.06M | -172.95M | -29.87M |
| Capital Expenditures | -49.98M | -57.94M | -65.92M | -66.4M | -55.48M | -76.88M | -51.53M | -44.85M | -30.25M | -64.54M | -39.95M | -32.54M | -17.88M | -43.29M | -32.8M | -41.96M | -12.91M | -41.72M | -25.51M | -29.24M |
| CapEx % of Revenue | 10.93% | 12.35% | 13.58% | 14.27% | 13.3% | 17.98% | 12.52% | 11.89% | 8.87% | 17.95% | 11.33% | 11.23% | 6.81% | 15.91% | 11.11% | 14.79% | 5.52% | 17.25% | 10.54% | 13.54% |
| Acquisitions | -94.56M | -6.48M | -42.99M | -71.17M | -103.34M | -209.1M | -257.68M | -663K | 194K | -3.94M | -299.98M | -546.96M | 152K | -4.21M | -17.65M | -6.13M | -49.61M | -17.34M | -147.44M | -633K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 361K | 0 | 581K | 0 | 0 | 0 | -2.45M | 2.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -8.03M | -7.93M | -10.35M | -4.08M | -4.71M | 40.55M | 529.37M | -9.19M | -9.08M | -7.69M | 21.41M | 917.59M | -9M | 4.2M | -2.11M | 8.27M | 16.59M | -2.26M | -2.82M | -2.37M |
| Debt Issued (Net) | 0 | -7.93M | -10.35M | -4.08M | -4.71M | 41.92M | 32.8M | -9.19M | -9.08M | -7.69M | 21.49M | 421.19M | -9M | 4.2M | -2.11M | 9.1M | 16.57M | -2.27M | -2.87M | -2.37M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 25K | 496.57M | 0 | 0 | 0 | -83K | 496.4M | 0 | 0 | 0 | 173K | 19K | 9K | 51K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -8.03M | 0 | 0 | 0 | 0 | -1.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 | 0 | 0 | 0 |
| Net Change in Cash | -89.96M | -68.88M | -25.12M | -49.94M | -115.59M | -135.67M | 310.48M | 19.05M | -31.45M | 1.82M | -246.63M | 405.49M | -10.93M | 23.22M | 8.63M | 26.71M | -21.21M | -12.67M | -120.7M | 14.62M |
| Free Cash Flow | 12.27M | 39.3M | 27.64M | 23.12M | -5.35M | 32.9M | 40.35M | 27.45M | -22.57M | 10.72M | 34.68M | 34.86M | -2.08M | 21.59M | 27.38M | 25.58M | 11.8M | 6.93M | 29.57M | 17.63M |
| FCF Margin % | 2.68% | 8.38% | 5.69% | 4.97% | -1.28% | 7.7% | 9.8% | 7.28% | -6.62% | 2.98% | 9.83% | 12.04% | -0.79% | 7.93% | 9.27% | 9.02% | 5.04% | 2.87% | 12.22% | 8.17% |
| FCF Growth % | 329.33% | 19.46% | -31.5% | -15.78% | 76.29% | 206.74% | 16.36% | -21.25% | -984.15% | -50.33% | 26.66% | 36.3% | -117.64% | 211.54% | -7.4% | 45.1% | 122.09% | 344.88% | 24.65% | 10.3% |
| FCF per Share | 0.19 | 0.62 | 0.43 | 0.36 | -0.08 | 0.52 | 0.69 | 0.47 | -0.39 | 0.18 | 0.60 | 0.66 | -0.04 | 0.42 | 0.53 | 0.49 | 0.23 | 0.13 | 0.57 | 0.34 |
| FCF Conversion (FCF/Net Income) | -11.24x | -38.46x | 9.37x | 17.19x | -10.42x | 22.51x | 15.91x | 10.29x | -1.87x | -41.56x | 4.11x | 12.28x | 4.45x | 7.70x | 2.65x | 3.80x | 5.90x | 5.32x | 3.47x | 3.98x |
| Interest Paid | 0 | 0 | 0 | 15.49M | 13.09M | 15.53M | 15.3M | 14.89M | 15.5M | 14.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | -588K | 752K | -5.13M | 37K | 3.42M | 1.68M | 420K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |