XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 115,265 $ 78,399
Accounts receivable, net of allowance for credit losses of $23,660 and $23,553 at September 30, 2024 and December 31, 2023, respectively 990,896 856,953
Prepaid expenses and other current assets 248,971 206,433
Total current assets 1,355,132 1,141,785
Restricted cash 123,243 105,639
Restricted investments 79,455 70,350
Property and equipment, net 8,234,162 7,228,331
Operating lease right-of-use assets 311,717 261,782
Goodwill 7,922,757 7,404,400
Intangible assets, net 1,982,809 1,603,541
Other assets, net 86,089 100,048
Total assets 20,095,364 17,915,876
Current liabilities:    
Accounts payable 706,284 642,455
Book overdraft 14,568 14,855
Deferred revenue 377,475 355,203
Accrued liabilities 552,741 521,428
Current portion of operating lease liabilities 39,618 32,533
Current portion of contingent consideration 55,474 94,996
Current portion of long-term debt and notes payable 7,873 26,462
Total current liabilities 1,754,033 1,687,932
Long-term portion of debt and notes payable 8,160,538 6,724,771
Long-term portion of operating lease liabilities 275,547 238,440
Long-term portion of contingent consideration 27,125 20,034
Deferred income taxes 1,099,369 1,022,480
Other long-term liabilities 517,297 524,438
Total liabilities 11,833,909 10,218,095
Commitments and contingencies
Equity:    
Common shares: 258,062,086 shares issued and 258,009,392 shares outstanding at September 30, 2024; 257,659,921 shares issued and 257,600,479 shares outstanding at December 31, 2023 3,282,345 3,276,661
Additional paid-in capital 310,046 284,284
Accumulated other comprehensive loss (64,950) (9,826)
Treasury shares: 52,694 and 59,442 shares at September 30, 2024 and December 31, 2023, respectively
Retained earnings 4,734,014 4,141,690
Total Waste Connections' equity 8,261,455 7,692,809
Noncontrolling interest in subsidiaries   4,972
Total equity 8,261,455 7,697,781
Total liabilities and equity $ 20,095,364 $ 17,915,876