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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and equivalents $ 117,596 $ 62,366
Accounts receivable, net of allowance for credit losses of $22,843 and $25,730 at September 30, 2025 and December 31, 2024, respectively 1,069,645 935,027
Prepaid expenses and other current assets 216,399 229,519
Total current assets 1,403,640 1,226,912
Restricted cash 172,989 135,807
Restricted investments 80,002 78,126
Property and equipment, net 8,422,847 8,035,929
Operating lease right-of-use assets 316,106 308,198
Goodwill 8,275,386 7,950,406
Intangible assets, net 2,003,600 1,991,619
Other assets, net 107,925 90,812
Total assets 20,782,495 19,817,809
Current liabilities:    
Accounts payable 759,271 637,371
Book overdraft 14,292 14,628
Deferred revenue 411,579 382,501
Accrued liabilities 762,137 736,824
Current portion of operating lease liabilities 42,681 40,490
Current portion of contingent consideration 89,044 59,169
Current portion of long-term debt and notes payable 8,619 7,851
Total current liabilities 2,087,623 1,878,834
Long-term portion of debt and notes payable 8,621,371 8,072,928
Long-term portion of operating lease liabilities 270,414 272,107
Long-term portion of contingent consideration 20,080 27,993
Deferred income taxes 1,067,840 958,340
Other long-term liabilities 621,799 747,253
Total liabilities 12,689,127 11,957,455
Commitments and contingencies
Equity:    
Common shares: Unlimited shares authorized; 256,022,442 shares issued and 255,976,094 shares outstanding at September 30, 2025; 258,067,487 shares issued and 258,019,389 shares outstanding at December 31, 2024 2,846,773 3,283,161
Additional paid-in capital 354,567 325,928
Accumulated other comprehensive loss (139,084) (205,740)
Treasury shares: 46,348 and 48,098 shares at September 30, 2025 and December 31, 2024, respectively 0 0
Retained earnings 5,031,112 4,457,005
Total Waste Connections' equity 8,093,368 7,860,354
Noncontrolling interest in subsidiaries 0 0
Total equity 8,093,368 7,860,354
Total liabilities and equity $ 20,782,495 $ 19,817,809