CASELLA WASTE SYSTEMS, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.8M | $-5.5M | $10.0M | $5.2M | $-4.8M | $5.8M | $7.0M | $-4.1M |
| Depreciation & Amortization | $88.5M | $78.0M | $78.8M | $77.0M | $71.5M | $59.2M | $55.3M | $54.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $22.0M | $18.4M | $19.0M | $19.1M | $19.5M | $14.0M | $12.2M | $12.6M |
| Stock-Based Compensation | — | $2.9M | — | — | $4.9M | — | — | $2.1M |
| Net Cash from Operating Activities | $98.8M | $62.3M | $93.6M | $89.5M | $50.1M | $91.8M | $72.1M | $7.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $72.3M | $50.0M | $65.9M | $66.4M | $55.5M | $51.5M | $44.6M | $30.3M |
| Business Acquisitions | — | $94.6M | — | — | $103.6M | — | — | $294.0K |
| Net Cash from Investing Activities | — | $-144.2M | — | — | $-158.8M | — | — | $-30.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-8.0M | — | — | $-4.7M | — | — | $-9.1M |
| Net Change in Cash | — | $-90.0M | — | — | $-113.4M | — | — | $-31.5M |
| Free Cash Flow | $26.5M | $12.3M | $27.6M | $23.1M | $-5.4M | $40.4M | $27.5M | $-22.6M |