Waste Connections, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.08B | $617.6M | $762.8M | $835.7M | $618.0M | $204.7M | $566.8M | $546.9M |
| Depreciation & Amortization | $1.23B | $1.16B | $1.00B | $919.0M | $813.0M | $752.4M | $743.9M | $680.5M |
| Depreciation | $1.03B | $974.0M | $845.6M | $763.3M | $673.7M | $621.1M | $618.4M | $572.7M |
| Amortization | $201.5M | $189.8M | $157.6M | $155.7M | $139.3M | $131.3M | $125.5M | $107.8M |
| Stock-Based Compensation | $79.4M | $77.9M | $70.4M | $63.5M | $58.2M | $45.8M | $42.7M | $43.8M |
| Net Cash from Operating Activities | $2.41B | $2.23B | $2.13B | $2.02B | $1.70B | $1.41B | $1.54B | $1.41B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.18B | $1.06B | $934.0M | $912.7M | $744.3M | $597.1M | $634.4M | $546.1M |
| Business Acquisitions | $817.6M | $2.12B | $676.8M | $2.21B | $960.4M | $388.8M | $736.6M | $830.1M |
| Net Cash from Investing Activities | $-2.02B | $-3.16B | $-1.58B | $-3.09B | $-1.69B | $-1.05B | $-1.43B | $-1.37B |
| Financing Activities | ||||||||
| Dividends Paid | $333.8M | $302.3M | $270.6M | $243.0M | $220.2M | $199.9M | $175.1M | $152.6M |
| Stock Repurchases | $505.5M | $0 | $0 | $425.0M | $339.0M | $105.7M | — | $58.9M |
| Net Cash from Financing Activities | $-360.0M | $944.9M | $-544.4M | $1.03B | $-499.5M | $-78.2M | $-95.9M | $-187.6M |
| Net Change in Cash | $31.4M | $14.1M | $2.7M | $-38.3M | $-494.8M | $291.2M | $19.3M | $-149.5M |
| Free Cash Flow | $1.23B | $1.17B | $1.19B | $1.11B | $953.9M | $811.5M | $906.1M | $865.1M |