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SUBSIDIARY GUARANTORS (Tables) | 9 Months Ended
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Jan. 31, 2013
Schedule of Condensed Consolidating Balance Sheet | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF JANUARY 31, 2013 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 820 |  |  | $ | 227 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 1,112 |
Accounts receivable - trade, net of allowance for doubtful accounts |  |  | 229 |  |  |  | 49,756 |  |  |  | 440 |  |  |  | — |  |  |  | 50,425 |
Prepaid expenses |  |  | 3,308 |  |  |  | 5,653 |  |  |  | — |  |  |  | — |  |  |  | 8,961 |
Other current assets |  |  | 4,831 |  |  |  | 4,419 |  |  |  | 65 |  |  |  | — |  |  |  | 9,315 |
Total current assets |  |  | 9,188 |  |  |  | 60,055 |  |  |  | 570 |  |  |  | — |  |  |  | 69,813 |
Property, plant and equipment, net of accumulated depreciation and amortization |  |  | 3,024 |  |  |  | 416,934 |  |  |  | 8,494 |  |  |  | — |  |  |  | 428,452 |
Goodwill |  |  | — |  |  |  | 116,281 |  |  |  | — |  |  |  | — |  |  |  | 116,281 |
Intangible assets |  |  | 272 |  |  |  | 11,707 |  |  |  | — |  |  |  | — |  |  |  | 11,979 |
Notes receivable - related party/employee |  |  | 516 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 516 |
Investments in unconsolidated entities |  |  | 16,486 |  |  |  | 2,239 |  |  |  | 2,638 |  |  |  | (1,932 | ) |  |  | 19,431 |
Investments in subsidiaries |  |  | (47,081 | ) |  |  | — |  |  |  | — |  |  |  | 47,081 |  |  |  | — |
Other non-current assets |  |  | 15,010 |  |  |  | 11,671 |  |  |  | — |  |  |  | — |  |  |  | 26,681 |
|  |  | (11,773 | ) |  |  | 558,832 |  |  |  | 11,132 |  |  |  | 45,149 |  |  |  | 603,340 |
Intercompany receivable |  |  | 577,898 |  |  |  | (539,265 | ) |  |  | (40,565 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 575,313 |  |  | $ | 79,622 |  |  | $ | (28,863 | ) |  | $ | 47,081 |  |  | $ | 673,153 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 37 |  |  | $ | 955 |  |  | $ | — |  |  | $ | — |  |  | $ | 992 |
Current maturities of financing lease obligations |  |  | — |  |  |  | 355 |  |  |  | — |  |  |  | — |  |  |  | 355 |
Accounts payable |  |  | 22,111 |  |  |  | 24,754 |  |  |  | 830 |  |  |  | — |  |  |  | 47,695 |
Accrued interest |  |  | 12,691 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 12,702 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 4,903 |  |  |  | — |  |  |  | — |  |  |  | 4,903 |
Other current liabilities |  |  | 14,790 |  |  |  | 16,849 |  |  |  | 305 |  |  |  | — |  |  |  | 31,944 |
Total current liabilities |  |  | 49,629 |  |  |  | 47,827 |  |  |  | 1,135 |  |  |  | — |  |  |  | 98,591 |
Long-term debt and capital leases, less current maturities |  |  | 489,908 |  |  |  | 778 |  |  |  | — |  |  |  | — |  |  |  | 490,686 |
Financing lease obligations, less current maturities |  |  | — |  |  |  | 1,549 |  |  |  | — |  |  |  | — |  |  |  | 1,549 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 37,637 |  |  |  | 44 |  |  |  | — |  |  |  | 37,681 |
Other long-term liabilities |  |  | 11,529 |  |  |  | 6,182 |  |  |  | — |  |  |  | — |  |  |  | 17,711 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock - Authorized - 100,000,000 shares, $0.01 par value per share, issued and outstanding - 38,658,000 shares |  |  | 387 |  |  |  | 100 |  |  |  | — |  |  |  | (100 | ) |  |  | 387 |
Class B common stock - Authorized - 1,000,000 shares, $0.01 par value per share, 10 votes per share, issued and outstanding - 988,000 shares |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |
Additional paid-in capital |  |  | 335,451 |  |  |  | 45,391 |  |  |  | 5,608 |  |  |  | (50,999 | ) |  |  | 335,451 |
Accumulated deficit |  |  | (310,982 | ) |  |  | (59,851 | ) |  |  | (37,710 | ) |  |  | 97,561 |  |  |  | (310,982 | )
Accumulated other comprehensive income (loss) |  |  | (619 | ) |  |  | 9 |  |  |  | (628 | ) |  |  | 619 |  |  |  | (619 | )
Total Casella Waste Systems, Inc. stockholders’ equity |  |  | 24,247 |  |  |  | (14,351 | ) |  |  | (32,730 | ) |  |  | 47,081 |  |  |  | 24,247 |
Noncontrolling interest |  |  | — |  |  |  | — |  |  |  | 2,688 |  |  |  | — |  |  |  | 2,688 |
Total stockholders’ equity |  |  | 24,247 |  |  |  | (14,351 | ) |  |  | (30,042 | ) |  |  | 47,081 |  |  |  | 26,935 |
|  | $ | 575,313 |  |  | $ | 79,622 |  |  | $ | (28,863 | ) |  | $ | 47,081 |  |  | $ | 673,153 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF APRIL 30, 2012 (in thousands, except for share and per share data)
|  |  |  |  |  |  |  | Non - |  |  |  |  |  |  |
ASSETS |  | Parent |  |  | Guarantors |  |  | Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,799 |  |  | $ | 368 |  |  | $ | 367 |  |  | $ | — |  |  | $ | 4,534 |
Accounts receivable - trade, net of allowance for doubtful accounts |  |  | 652 |  |  |  | 46,820 |  |  |  | — |  |  |  | — |  |  |  | 47,472 |
Refundable income taxes |  |  | 1,281 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,281 |
Deferred income taxes |  |  | 3,712 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,712 |
Other current assets |  |  | 1,903 |  |  |  | 8,454 |  |  |  | — |  |  |  | — |  |  |  | 10,357 |
Total current assets |  |  | 11,347 |  |  |  | 55,642 |  |  |  | 367 |  |  |  | — |  |  |  | 67,356 |
Property, plant and equipment, net of accumulated depreciation and amortization |  |  | 3,486 |  |  |  | 409,383 |  |  |  | 3,848 |  |  |  | — |  |  |  | 416,717 |
Goodwill |  |  | — |  |  |  | 101,706 |  |  |  | — |  |  |  | — |  |  |  | 101,706 |
Intangible assets |  |  | 340 |  |  |  | 2,630 |  |  |  | — |  |  |  | — |  |  |  | 2,970 |
Restricted assets |  |  | — |  |  |  | 424 |  |  |  | — |  |  |  | — |  |  |  | 424 |
Notes receivable - related party/employee |  |  | 722 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 722 |
Investments in unconsolidated entities |  |  | 15,986 |  |  |  | 2,225 |  |  |  | 6,502 |  |  |  | (1,932 | ) |  |  | 22,781 |
Investments in subsidiaries |  |  | (34,443 | ) |  |  | — |  |  |  | — |  |  |  | 34,443 |  |  |  | — |
Other non-current assets |  |  | 15,056 |  |  |  | 6,011 |  |  |  | — |  |  |  | — |  |  |  | 21,067 |
|  |  | 1,147 |  |  |  | 522,379 |  |  |  | 10,350 |  |  |  | 32,511 |  |  |  | 566,387 |
Intercompany receivable |  |  | 532,950 |  |  |  | (494,819 | ) |  |  | (40,063 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 545,444 |  |  | $ | 83,202 |  |  | $ | (29,346 | ) |  | $ | 34,443 |  |  | $ | 633,743 |
|  |  |  |  |  |  |  | Non - |  |  |  |  |  |  |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 142 |  |  | $ | 1,086 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,228 |
Current maturities of financing lease obligations |  |  | — |  |  |  | 338 |  |  |  | — |  |  |  | — |  |  |  | 338 |
Accounts payable |  |  | 21,952 |  |  |  | 24,757 |  |  |  | — |  |  |  | — |  |  |  | 46,709 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 4,907 |  |  |  | — |  |  |  | — |  |  |  | 4,907 |
Other current liabilities |  |  | 23,738 |  |  |  | 10,872 |  |  |  | 543 |  |  |  | — |  |  |  | 35,153 |
Total current liabilities |  |  | 45,832 |  |  |  | 41,960 |  |  |  | 543 |  |  |  | — |  |  |  | 88,335 |
Long-term debt and capital leases, less current maturities |  |  | 472,028 |  |  |  | 1,353 |  |  |  | — |  |  |  | — |  |  |  | 473,381 |
Financing lease obligations, less current maturities |  |  | — |  |  |  | 1,818 |  |  |  | — |  |  |  | — |  |  |  | 1,818 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 34,681 |  |  |  | 41 |  |  |  | — |  |  |  | 34,722 |
Other long-term liabilities |  |  | 11,153 |  |  |  | 6,103 |  |  |  | — |  |  |  | — |  |  |  | 17,256 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock - Authorized - 100,000,000 shares, $ 0.01 par value per share, issued and outstanding - 25,991,000 shares |  |  | 260 |  |  |  | 100 |  |  |  | — |  |  |  | (100 | ) |  |  | 260 |
Class B common stock - Authorized - 1,000,000 shares, $ 0.01 par value per share, 10 votes per share, issued and outstanding - 988,000 shares |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |
Additional paid-in capital |  |  | 288,348 |  |  |  | 46,279 |  |  |  | 1,998 |  |  |  | (48,277 | ) |  |  | 288,348 |
Accumulated deficit |  |  | (270,235 | ) |  |  | (49,097 | ) |  |  | (34,140 | ) |  |  | 83,237 |  |  |  | (270,235 | )
Accumulated other comprehensive income (loss) |  |  | (1,952 | ) |  |  | 5 |  |  |  | 412 |  |  |  | (417 | ) |  |  | (1,952 | )
Total Casella Waste Systems, Inc. stockholders’ equity |  |  | 16,431 |  |  |  | (2,713 | ) |  |  | (31,730 | ) |  |  | 34,443 |  |  |  | 16,431 |
Noncontrolling interest |  |  | — |  |  |  | — |  |  |  | 1,800 |  |  |  | — |  |  |  | 1,800 |
Total stockholders’ equity |  |  | 16,431 |  |  |  | (2,713 | ) |  |  | (29,930 | ) |  |  | 34,443 |  |  |  | 18,231 |
|  | $ | 545,444 |  |  | $ | 83,202 |  |  | $ | (29,346 | ) |  | $ | 34,443 |  |  | $ | 633,743 |
Schedule of Consolidating Statement of Operations | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 114,299 |  |  | $ | 703 |  |  | $ | — |  |  | $ | 115,002 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 12 |  |  |  | 83,487 |  |  |  | 669 |  |  |  | — |  |  |  | 84,168 |
General and administration |  |  | 705 |  |  |  | 13,748 |  |  |  | 27 |  |  |  | — |  |  |  | 14,480 |
Depreciation and amortization |  |  | 236 |  |  |  | 13,629 |  |  |  | 180 |  |  |  | — |  |  |  | 14,045 |
Severance and reorganization costs |  |  | 81 |  |  |  | 1,555 |  |  |  | — |  |  |  | — |  |  |  | 1,636 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 372 |  |  |  | — |  |  |  | — |  |  |  | 372 |
Loss on divestiture |  |  | — |  |  |  | 353 |  |  |  | — |  |  |  | — |  |  |  | 353 |
|  |  | 1,034 |  |  |  | 113,144 |  |  |  | 876 |  |  |  | — |  |  |  | 115,054 |
Operating income (loss) |  |  | (1,034 | ) |  |  | 1,155 |  |  |  | (173 | ) |  |  | — |  |  |  | (52 | )
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (8,275 | ) |  |  | (49 | ) |  |  | — |  |  |  | 8,274 |  |  |  | (50 | )
Interest expense |  |  | 9,422 |  |  |  | 8,259 |  |  |  | — |  |  |  | (8,274 | ) |  |  | 9,407 |
Loss (income) from equity method investments |  |  | 8,480 |  |  |  | 43 |  |  |  | 1,393 |  |  |  | (8,480 | ) |  |  | 1,436 |
Loss (gain) on derivative instruments |  |  | (24 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (24 | )
Loss on debt extinguishment |  |  | 5,914 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,914 |
Other income |  |  | (181 | ) |  |  | (117 | ) |  |  | — |  |  |  | — |  |  |  | (298 | )
Other expense, net |  |  | 15,336 |  |  |  | 8,136 |  |  |  | 1,393 |  |  |  | (8,480 | ) |  |  | 16,385 |
Income (loss) from continuing operations before income taxes |  |  | (16,370 | ) |  |  | (6,981 | ) |  |  | (1,566 | ) |  |  | 8,480 |  |  |  | (16,437 | )
Provision (benefit) for income taxes |  |  | (4,963 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,963 | )
Net income (loss) |  |  | (11,407 | ) |  |  | (6,981 | ) |  |  | (1,566 | ) |  |  | 8,480 |  |  |  | (11,474 | )
Less: Net income (loss) attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | — |  |  |  | (67 | )
Net income (loss) attributable to common stockholders |  | $ | (11,407 | ) |  | $ | (6,981 | ) |  | $ | (1,499 | ) |  | $ | 8,480 |  |  | $ | (11,407 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED JANUARY 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 114,578 |  |  | $ | — |  |  | $ | — |  |  | $ | 114,578 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 20 |  |  |  | 81,377 |  |  |  | 1 |  |  |  | — |  |  |  | 81,398 |
General and administration |  |  | 8 |  |  |  | 13,924 |  |  |  | 1 |  |  |  | — |  |  |  | 13,933 |
Depreciation and amortization |  |  | 367 |  |  |  | 14,460 |  |  |  | — |  |  |  | — |  |  |  | 14,827 |
|  |  | 395 |  |  |  | 109,761 |  |  |  | 2 |  |  |  | — |  |  |  | 110,158 |
Operating income (loss) |  |  | (395 | ) |  |  | 4,817 |  |  |  | (2 | ) |  |  | — |  |  |  | 4,420 |
Other expense/(income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (9,798 | ) |  |  | (19 | ) |  |  | — |  |  |  | 9,797 |  |  |  | (20 | )
Interest expense |  |  | 11,523 |  |  |  | 9,802 |  |  |  | — |  |  |  | (9,797 | ) |  |  | 11,528 |
Loss (income) from equity method investments |  |  | 21,940 |  |  |  | (26 | ) |  |  | 6,409 |  |  |  | (21,940 | ) |  |  | 6,383 |
Impairment of equity method investment |  |  | — |  |  |  | — |  |  |  | 10,680 |  |  |  | — |  |  |  | 10,680 |
Other income |  |  | (26 | ) |  |  | (91 | ) |  |  | — |  |  |  | — |  |  |  | (117 | )
Other expense, net |  |  | 23,639 |  |  |  | 9,666 |  |  |  | 17,089 |  |  |  | (21,940 | ) |  |  | 28,454 |
Income (loss) from continuing operations before income taxes |  |  | (24,034 | ) |  |  | (4,849 | ) |  |  | (17,091 | ) |  |  | 21,940 |  |  |  | (24,034 | )
Provision (benefit) for income taxes |  |  | 601 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 601 |
Net income (loss) attributable to common stockholders |  | $ | (24,635 | ) |  | $ | (4,849 | ) |  | $ | (17,091 | ) |  | $ | 21,940 |  |  | $ | (24,635 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 355,383 |  |  | $ | 1,148 |  |  | $ | — |  |  | $ | 356,531 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 4 |  |  |  | 253,119 |  |  |  | 1,294 |  |  |  | — |  |  |  | 254,417 |
General and administration |  |  | (60 | ) |  |  | 43,791 |  |  |  | 57 |  |  |  | — |  |  |  | 43,788 |
Depreciation and amortization |  |  | 770 |  |  |  | 42,422 |  |  |  | 241 |  |  |  | — |  |  |  | 43,433 |
Severance and reorganization costs |  |  | 1,766 |  |  |  | 1,697 |  |  |  | — |  |  |  | — |  |  |  | 3,463 |
Expense from divestiture, acquisition and financing costs |  |  | 303 |  |  |  | 700 |  |  |  | — |  |  |  | — |  |  |  | 1,003 |
Loss on divestiture |  |  | — |  |  |  | 353 |  |  |  | — |  |  |  | — |  |  |  | 353 |
|  |  | 2,783 |  |  |  | 342,082 |  |  |  | 1,592 |  |  |  | — |  |  |  | 346,457 |
Operating income (loss) |  |  | (2,783 | ) |  |  | 13,301 |  |  |  | (444 | ) |  |  | — |  |  |  | 10,074 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (24,515 | ) |  |  | (64 | ) |  |  | — |  |  |  | 24,511 |  |  |  | (68 | )
Interest expense |  |  | 33,000 |  |  |  | 24,469 |  |  |  | — |  |  |  | (24,511 | ) |  |  | 32,958 |
Loss (income) from equity method investments |  |  | 14,324 |  |  |  | (14 | ) |  |  | 3,325 |  |  |  | (14,324 | ) |  |  | 3,311 |
Loss (gain) on derivative instruments |  |  | 3,871 |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 3,871 |
Loss on debt extinguishment |  |  | 15,584 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,584 |
Other income |  |  | (401 | ) |  |  | (336 | ) |  |  | — |  |  |  | — |  |  |  | (737 | )
Other expense, net |  |  | 41,863 |  |  |  | 24,055 |  |  |  | 3,325 |  |  |  | (14,324 | ) |  |  | 54,919 |
Income (loss) from continuing operations before income taxes |  |  | (44,646 | ) |  |  | (10,754 | ) |  |  | (3,769 | ) |  |  | 14,324 |  |  |  | (44,845 | )
Provision (benefit) for income taxes |  |  | (3,899 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,899 | )
Net income (loss) |  |  | (40,747 | ) |  |  | (10,754 | ) |  |  | (3,769 | ) |  |  | 14,324 |  |  |  | (40,946 | )
Less: Net income (loss) attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (199 | ) |  |  | — |  |  |  | (199 | )
Net income (loss) attributable to common stockholders |  | $ | (40,747 | ) |  | $ | (10,754 | ) |  | $ | (3,570 | ) |  | $ | 14,324 |  |  | $ | (40,747 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED JANUARY 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 371,637 |  |  | $ | — |  |  | $ | — |  |  | $ | 371,637 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 49 |  |  |  | 253,196 |  |  |  | 3 |  |  |  | — |  |  |  | 253,248 |
General and administration |  |  | 421 |  |  |  | 45,780 |  |  |  | 1 |  |  |  | — |  |  |  | 46,202 |
Depreciation and amortization |  |  | 1,041 |  |  |  | 43,353 |  |  |  | — |  |  |  | — |  |  |  | 44,394 |
Legal settlement |  |  | 1,000 |  |  |  | 359 |  |  |  | — |  |  |  | — |  |  |  | 1,359 |
Development project cost |  |  | — |  |  |  | 131 |  |  |  | — |  |  |  | — |  |  |  | 131 |
|  |  | 2,511 |  |  |  | 342,819 |  |  |  | 4 |  |  |  | — |  |  |  | 345,334 |
Operating income (loss) |  |  | (2,511 | ) |  |  | 28,818 |  |  |  | (4 | ) |  |  | — |  |  |  | 26,303 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (29,514 | ) |  |  | (26 | ) |  |  | — |  |  |  | 29,508 |  |  |  | (32 | )
Interest expense |  |  | 33,982 |  |  |  | 29,423 |  |  |  | — |  |  |  | (29,508 | ) |  |  | 33,897 |
Loss (income) from equity method investments |  |  | 20,385 |  |  |  | (27 | ) |  |  | 10,190 |  |  |  | (20,385 | ) |  |  | 10,163 |
Impairment of equity method investment |  |  | — |  |  |  | — |  |  |  | 10,680 |  |  |  | — |  |  |  | 10,680 |
Other income |  |  | (233 | ) |  |  | (316 | ) |  |  | — |  |  |  | — |  |  |  | (549 | )
Other expense, net |  |  | 24,620 |  |  |  | 29,054 |  |  |  | 20,870 |  |  |  | (20,385 | ) |  |  | 54,159 |
Income (loss) from continuing operations before income taxes |  |  | (27,131 | ) |  |  | (236 | ) |  |  | (20,874 | ) |  |  | 20,385 |  |  |  | (27,856 | )
Provision (benefit) for income taxes |  |  | 1,330 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,330 |
Income (loss) from continuing operations |  |  | (28,461 | ) |  |  | (236 | ) |  |  | (20,874 | ) |  |  | 20,385 |  |  |  | (29,186 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on disposal of discontinued operations, net of tax |  |  | — |  |  |  | 725 |  |  |  | — |  |  |  | — |  |  |  | 725 |
Net income (loss) attributable to common stockholders |  | $ | (28,461 | ) |  | $ | 489 |  |  | $ | (20,874 | ) |  | $ | 20,385 |  |  | $ | (28,461 | )
Schedule of Consolidating Statements of Comprehensive Loss | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (11,407 | ) |  | $ | (6,981 | ) |  | $ | (1,566 | ) |  | $ | 8,480 |  |  | $ | (11,474 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax provision of $0 |  |  | — |  |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | (11 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax provision of $0 |  |  | — |  |  |  | — |  |  |  | 149 |  |  |  | — |  |  |  | 149 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | — |  |  |  | (11 | )
Other comprehensive income (loss) |  |  | — |  |  |  | (11 | ) |  |  | 138 |  |  |  | — |  |  |  | 127 |
Comprehensive income (loss) |  |  | (11,407 | ) |  |  | (6,992 | ) |  |  | (1,428 | ) |  |  | 8,480 |  |  |  | (11,347 | )
Less: Comprehensive income (loss) attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | — |  |  |  | (67 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (11,407 | ) |  | $ | (6,992 | ) |  | $ | (1,361 | ) |  | $ | 8,480 |  |  | $ | (11,280 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JANUARY 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) attributable to common stockholders |  | $ | (24,635 | ) |  | $ | (4,849 | ) |  | $ | (17,091 | ) |  | $ | 21,940 |  |  | $ | (24,635 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax provision of $0 |  |  | (2,474 | ) |  |  | — |  |  |  | 493 |  |  |  | — |  |  |  | (1,981 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax provision of $0 |  |  | — |  |  |  | — |  |  |  | 109 |  |  |  | — |  |  |  | 109 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (16 | ) |  |  | — |  |  |  | — |  |  |  | (16 | )
Other comprehensive income (loss) |  |  | (2,474 | ) |  |  | (16 | ) |  |  | 602 |  |  |  | — |  |  |  | (1,888 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (27,109 | ) |  | $ | (4,865 | ) |  | $ | (16,489 | ) |  | $ | 21,940 |  |  | $ | (26,523 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (40,747 | ) |  | $ | (10,754 | ) |  | $ | (3,769 | ) |  | $ | 14,324 |  |  | $ | (40,946 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax provision of $0 |  |  | (1,257 | ) |  |  | — |  |  |  | (1,553 | ) |  |  | — |  |  |  | (2,810 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax provision of $0 |  |  | 3,625 |  |  |  | — |  |  |  | 514 |  |  |  | — |  |  |  | 4,139 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |
Other comprehensive income (loss) |  |  | 2,368 |  |  |  | 4 |  |  |  | (1,039 | ) |  |  | — |  |  |  | 1,333 |
Comprehensive income (loss) |  |  | (38,379 | ) |  |  | (10,750 | ) |  |  | (4,808 | ) |  |  | 14,324 |  |  |  | (39,613 | )
Less: Comprehensive income (loss) attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (199 | ) |  |  | — |  |  |  | (199 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (38,379 | ) |  | $ | (10,750 | ) |  | $ | (4,609 | ) |  | $ | 14,324 |  |  | $ | (39,414 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED JANUARY 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) attributable to common stockholders |  | $ | (28,461 | ) |  | $ | 489 |  |  | $ | (20,874 | ) |  | $ | 20,385 |  |  | $ | (28,461 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax provision of $99 |  |  | (2,371 | ) |  |  | — |  |  |  | 573 |  |  |  | — |  |  |  | (1,798 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax provision of $99 |  |  | (78 | ) |  |  | — |  |  |  | (529 | ) |  |  | — |  |  |  | (607 | )
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (27 | ) |  |  | — |  |  |  | — |  |  |  | (27 | )
Other comprehensive income (loss) |  |  | (2,449 | ) |  |  | (27 | ) |  |  | 44 |  |  |  | — |  |  |  | (2,432 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (30,910 | ) |  | $ | 462 |  |  | $ | (20,830 | ) |  | $ | 20,385 |  |  | $ | (30,893 | )
Schedule of Condensed Consolidating Statement of Cashflow | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by operating activities |  | $ | (3,983 | ) |  | $ | 35,357 |  |  | $ | (848 | ) |  | $ | — |  |  | $ | 30,526 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (25,106 | ) |  |  | — |  |  |  | — |  |  |  | (25,106 | )
Additions to property, plant and equipment - acquisitions |  |  | — |  |  |  | (528 | ) |  |  | — |  |  |  | — |  |  |  | (528 | )
- growth |  |  | — |  |  |  | (5,530 | ) |  |  | (4,885 | ) |  |  | — |  |  |  | (10,415 | )
- maintenance |  |  | (233 | ) |  |  | (33,293 | ) |  |  | — |  |  |  | — |  |  |  | (33,526 | )
Payment for capital related to divestiture |  |  | — |  |  |  | (618 | ) |  |  | — |  |  |  | — |  |  |  | (618 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (5,726 | ) |  |  | — |  |  |  | — |  |  |  | (5,726 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 795 |  |  |  | — |  |  |  | — |  |  |  | 795 |
Investments in unconsolidated entities |  |  | (4,736 | ) |  |  | (500 | ) |  |  | 4,236 |  |  |  | — |  |  |  | (1,000 | )
Net cash provided by (used in) investing activities |  |  | (4,969 | ) |  |  | (70,506 | ) |  |  | (649 | ) |  |  | — |  |  |  | (76,124 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 334,497 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 334,497 |
Principal payments on long-term debt |  |  | (319,365 | ) |  |  | (1,118 | ) |  |  | — |  |  |  | — |  |  |  | (320,483 | )
Payment of tender premium on second lien notes |  |  | (10,743 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,743 | )
Net proceeds from the issuance of class A common stock |  |  | 42,184 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 42,184 |
Contributions from noncontrolling interest holder |  |  | — |  |  |  | — |  |  |  | 1,195 |  |  |  | — |  |  |  | 1,195 |
Other |  |  | (4,474 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,474 | )
Intercompany borrowings |  |  | (36,126 | ) |  |  | 36,126 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 5,973 |  |  |  | 35,008 |  |  |  | 1,195 |  |  |  | — |  |  |  | 42,176 |
Net increase (decrease) in cash and cash equivalents |  |  | (2,979 | ) |  |  | (141 | ) |  |  | (302 | ) |  |  | — |  |  |  | (3,422 | )
Cash and cash equivalents, beginning of period |  |  | 3,799 |  |  |  | 368 |  |  |  | 367 |  |  |  | — |  |  |  | 4,534 |
Cash and cash equivalents, end of period |  | $ | 820 |  |  | $ | 227 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 1,112 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED JANUARY 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by operating activities |  | $ | 5,176 |  |  | $ | 44,524 |  |  | $ | 42 |  |  | $ | — |  |  | $ | 49,742 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (2,102 | ) |  |  | — |  |  |  | — |  |  |  | (2,102 | )
Additions to property, plant and equipment - acquisitions |  |  | — |  |  |  | (168 | ) |  |  | — |  |  |  | — |  |  |  | (168 | )
- growth |  |  | — |  |  |  | (8,209 | ) |  |  | (1,624 | ) |  |  | — |  |  |  | (9,833 | )
- maintenance |  |  | (977 | ) |  |  | (38,302 | ) |  |  | — |  |  |  | — |  |  |  | (39,279 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (6,052 | ) |  |  | — |  |  |  | — |  |  |  | (6,052 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 1,337 |  |  |  | — |  |  |  | — |  |  |  | 1,337 |
Investments in unconsolidated entities |  |  | (1,820 | ) |  |  | (3,785 | ) |  |  | 1,459 |  |  |  | — |  |  |  | (4,146 | )
Net cash provided by (used in) investing activities |  |  | (2,797 | ) |  |  | (57,281 | ) |  |  | (165 | ) |  |  | — |  |  |  | (60,243 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 127,900 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 127,900 |
Principal payments on long-term debt |  |  | (118,356 | ) |  |  | (1,077 | ) |  |  | — |  |  |  | — |  |  |  | (119,433 | )
Contributions from noncontrolling interest holder |  |  | — |  |  |  | — |  |  |  | 174 |  |  |  | — |  |  |  | 174 |
Other |  |  | 449 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 623 |
Intercompany borrowings |  |  | (12,961 | ) |  |  | 12,961 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | (2,968 | ) |  |  | 11,884 |  |  |  | 174 |  |  |  | — |  |  |  | 9,090 |
Cash provided by discontinued operations |  |  | — |  |  |  | 725 |  |  |  | — |  |  |  | — |  |  |  | 725 |
Net increase (decrease) in cash and cash equivalents |  |  | (589 | ) |  |  | (148 | ) |  |  | 51 |  |  |  | — |  |  |  | (686 | )
Cash and cash equivalents, beginning of period |  |  | 1,531 |  |  |  | 286 |  |  |  | — |  |  |  | — |  |  |  | 1,817 |
Cash and cash equivalents, end of period |  | $ | 942 |  |  | $ | 138 |  |  | $ | 51 |  |  | $ | — |  |  | $ | 1,131 |

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