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Subsidiary Guarantors (Tables) | 3 Months Ended
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Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Condensed Consolidating Balance Sheet | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2015 (in thousands)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,441 |  |  | $ | 223 |  |  | $ | 393 |  |  | $ | — |  |  | $ | 3,057 |
Accounts receivable - trade, net |  |  | 392 |  |  |  | 52,047 |  |  |  | 74 |  |  |  | — |  |  |  | 52,513 |
Refundable income taxes |  |  | 526 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 526 |
Prepaid expenses |  |  | 2,139 |  |  |  | 4,955 |  |  |  | 2 |  |  |  | — |  |  |  | 7,096 |
Inventory |  |  | — |  |  |  | 4,418 |  |  |  | — |  |  |  | — |  |  |  | 4,418 |
Deferred income taxes |  |  | 2,012 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,012 |
Other current assets |  |  | 296 |  |  |  | 3,103 |  |  |  | 8 |  |  |  | — |  |  |  | 3,407 |
Total current assets |  |  | 7,806 |  |  |  | 64,746 |  |  |  | 477 |  |  |  | — |  |  |  | 73,029 |
Property, plant and equipment, net |  |  | 5,366 |  |  |  | 399,087 |  |  |  | — |  |  |  | — |  |  |  | 404,453 |
Goodwill |  |  | — |  |  |  | 119,170 |  |  |  | — |  |  |  | — |  |  |  | 119,170 |
Intangible assets, net |  |  | 76 |  |  |  | 10,994 |  |  |  | — |  |  |  | — |  |  |  | 11,070 |
Restricted assets |  |  | 1,733 |  |  |  | 821 |  |  |  | — |  |  |  | — |  |  |  | 2,554 |
Cost method investments |  |  | 14,432 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 14,432 |
Investments in subsidiaries |  |  | (9,519 | ) |  |  | — |  |  |  | — |  |  |  | 9,519 |  |  |  | — |
Other non-current assets |  |  | 19,613 |  |  |  | 10,083 |  |  |  | — |  |  |  | — |  |  |  | 29,696 |
|  |  | 31,701 |  |  |  | 542,087 |  |  |  | — |  |  |  | 7,587 |  |  |  | 581,375 |
Intercompany receivable |  |  | 520,428 |  |  |  | (483,467 | ) |  |  | (38,893 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 559,935 |  |  | $ | 123,366 |  |  | $ | (38,416 | ) |  | $ | 9,519 |  |  | $ | 654,404 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 91 |  |  | $ | 1,366 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,457 |
Accounts payable |  |  | 5,632 |  |  |  | 33,458 |  |  |  | 320 |  |  |  | — |  |  |  | 39,410 |
Accrued payroll and related expenses |  |  | 681 |  |  |  | 3,453 |  |  |  | 2 |  |  |  | — |  |  |  | 4,136 |
Accrued interest |  |  | 4,931 |  |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | 4,945 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 1,982 |  |  |  | 3 |  |  |  | — |  |  |  | 1,985 |
Other accrued liabilities |  |  | 9,638 |  |  |  | 6,553 |  |  |  | 9 |  |  |  | — |  |  |  | 16,200 |
Total current liabilities |  |  | 20,973 |  |  |  | 46,826 |  |  |  | 334 |  |  |  | — |  |  |  | 68,133 |
Long-term debt and capital leases, less current maturities |  |  | 544,291 |  |  |  | 1,151 |  |  |  | — |  |  |  | — |  |  |  | 545,442 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 38,576 |  |  |  | 33 |  |  |  | — |  |  |  | 38,609 |
Deferred income taxes |  |  | 6,948 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,948 |
Other long-term liabilities |  |  | 8,625 |  |  |  | 7,424 |  |  |  | 79 |  |  |  | — |  |  |  | 16,128 |
STOCKHOLDERS’ (DEFICIT) EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders (deficit)’ equity |  |  | (20,902 | ) |  |  | 29,389 |  |  |  | (38,908 | ) |  |  | 9,519 |  |  |  | (20,902 | )
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 46 |  |  |  | — |  |  |  | 46 |
Total stockholders’ (deficit) equity |  |  | (20,902 | ) |  |  | 29,389 |  |  |  | (38,862 | ) |  |  | 9,519 |  |  |  | (20,856 | )
|  | $ | 559,935 |  |  | $ | 123,366 |  |  | $ | (38,416 | ) |  | $ | 9,519 |  |  | $ | 654,404 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2014 (in thousands)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,596 |  |  | $ | 253 |  |  | $ | 356 |  |  | $ | — |  |  | $ | 2,205 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 597 |  |  |  | 55,053 |  |  |  | 100 |  |  |  | — |  |  |  | 55,750 |
Refundable income taxes |  |  | 554 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 554 |
Prepaid expenses |  |  | 3,622 |  |  |  | 5,136 |  |  |  | 5 |  |  |  | — |  |  |  | 8,763 |
Inventory |  |  | — |  |  |  | 4,345 |  |  |  | 29 |  |  |  | — |  |  |  | 4,374 |
Deferred income taxes |  |  | 2,095 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,095 |
Other current assets |  |  | 296 |  |  |  | 4,549 |  |  |  | 7 |  |  |  | — |  |  |  | 4,852 |
Total current assets |  |  | 8,760 |  |  |  | 69,412 |  |  |  | 497 |  |  |  | — |  |  |  | 78,669 |
Property, plant and equipment, net |  |  | 5,049 |  |  |  | 408,843 |  |  |  | 650 |  |  |  | — |  |  |  | 414,542 |
Goodwill |  |  | — |  |  |  | 119,170 |  |  |  | — |  |  |  | — |  |  |  | 119,170 |
Intangible assets, net |  |  | 98 |  |  |  | 11,710 |  |  |  | — |  |  |  | — |  |  |  | 11,808 |
Restricted assets |  |  | 5,819 |  |  |  | 813 |  |  |  | — |  |  |  | — |  |  |  | 6,632 |
Cost method investments |  |  | 14,432 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 14,432 |
Investments in subsidiaries |  |  | (9,888 | ) |  |  | — |  |  |  | — |  |  |  | 9,888 |  |  |  | — |
Other non-current assets |  |  | 14,611 |  |  |  | 9,931 |  |  |  | — |  |  |  | — |  |  |  | 24,542 |
|  |  | 30,121 |  |  |  | 552,399 |  |  |  | 650 |  |  |  | 7,956 |  |  |  | 591,126 |
Intercompany receivable |  |  | 537,228 |  |  |  | (500,267 | ) |  |  | (38,893 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 576,109 |  |  | $ | 121,544 |  |  | $ | (37,746 | ) |  | $ | 9,888 |  |  | $ | 669,795 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 89 |  |  | $ | 1,567 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,656 |
Accounts payable |  |  | 17,953 |  |  |  | 30,040 |  |  |  | 525 |  |  |  | — |  |  |  | 48,518 |
Accrued payroll and related expenses |  |  | 1,536 |  |  |  | 4,751 |  |  |  | 2 |  |  |  | — |  |  |  | 6,289 |
Accrued interest |  |  | 11,083 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 11,094 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 2,205 |  |  |  | 3 |  |  |  | — |  |  |  | 2,208 |
Other accrued liabilities |  |  | 8,618 |  |  |  | 7,957 |  |  |  | 92 |  |  |  | — |  |  |  | 16,667 |
Total current liabilities |  |  | 39,279 |  |  |  | 46,531 |  |  |  | 622 |  |  |  | — |  |  |  | 86,432 |
Long-term debt and capital leases, less current maturities |  |  | 532,889 |  |  |  | 1,166 |  |  |  | — |  |  |  | — |  |  |  | 534,055 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 37,589 |  |  |  | 32 |  |  |  | — |  |  |  | 37,621 |
Deferred income taxes |  |  | 7,080 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,080 |
Other long-term liabilities |  |  | 9,114 |  |  |  | 7,433 |  |  |  | 80 |  |  |  | — |  |  |  | 16,627 |
STOCKHOLDERS’ (DEFICIT) EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders (deficit)’ equity |  |  | (12,253 | ) |  |  | 28,825 |  |  |  | (38,713 | ) |  |  | 9,888 |  |  |  | (12,253 | )
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 233 |  |  |  | — |  |  |  | 233 |
Total stockholders’ (deficit) equity |  |  | (12,253 | ) |  |  | 28,825 |  |  |  | (38,480 | ) |  |  | 9,888 |  |  |  | (12,020 | )
|  | $ | 576,109 |  |  | $ | 121,544 |  |  | $ | (37,746 | ) |  | $ | 9,888 |  |  | $ | 669,795 |
Schedule of Consolidating Statement of Operations | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 116,453 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 116,577 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (83 | ) |  |  | 87,679 |  |  |  | 237 |  |  |  | — |  |  |  | 87,833 |
General and administration |  |  | (117 | ) |  |  | 16,938 |  |  |  | (16 | ) |  |  | — |  |  |  | 16,805 |
Depreciation and amortization |  |  | 223 |  |  |  | 13,525 |  |  |  | — |  |  |  | — |  |  |  | 13,748 |
Divestiture transactions |  |  | — |  |  |  | (2,085 | ) |  |  | (2,850 | ) |  |  | — |  |  |  | (4,935 | )
|  |  | 23 |  |  |  | 116,057 |  |  |  | (2,629 | ) |  |  | — |  |  |  | 113,451 |
Operating income (loss) |  |  | (23 | ) |  |  | 396 |  |  |  | 2,753 |  |  |  | — |  |  |  | 3,126 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (47 | ) |  |  | (94 | ) |  |  | — |  |  |  | — |  |  |  | (141 | )
Interest expense |  |  | 9,988 |  |  |  | 53 |  |  |  | 85 |  |  |  | — |  |  |  | 10,126 |
Loss on debt extinguishment |  |  | 521 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 521 |
(Income) loss on derivative instruments |  |  | 151 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 151 |
(Income) loss from consolidated entities |  |  | (1,924 | ) |  |  | — |  |  |  | — |  |  |  | 1,924 |  |  |  | — |
Other income |  |  | (37 | ) |  |  | (127 | ) |  |  | — |  |  |  | — |  |  |  | (164 | )
Other expense (income), net |  |  | 8,652 |  |  |  | (168 | ) |  |  | 85 |  |  |  | 1,924 |  |  |  | 10,493 |
Income (loss) before income taxes |  |  | (8,675 | ) |  |  | 564 |  |  |  | 2,668 |  |  |  | (1,924 | ) |  |  | (7,367 | )
Provision (benefit) for income taxes |  |  | 596 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 596 |
Net income (loss) |  |  | (9,271 | ) |  |  | 564 |  |  |  | 2,668 |  |  |  | (1,924 | ) |  |  | (7,963 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 1,308 |  |  |  | — |  |  |  | 1,308 |
Net income (loss) attributable to common stockholders |  | $ | (9,271 | ) |  | $ | 564 |  |  | $ | 1,360 |  |  | $ | (1,924 | ) |  | $ | (9,271 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 112,933 |  |  | $ | 264 |  |  | $ | — |  |  | $ | 113,197 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (44 | ) |  |  | 86,002 |  |  |  | 446 |  |  |  | — |  |  |  | 86,404 |
General and administration |  |  | 1,007 |  |  |  | 15,375 |  |  |  | 5 |  |  |  | — |  |  |  | 16,387 |
Depreciation and amortization |  |  | 266 |  |  |  | 13,146 |  |  |  | 196 |  |  |  | — |  |  |  | 13,608 |
Development project charge |  |  | — |  |  |  | 1,440 |  |  |  | — |  |  |  | — |  |  |  | 1,440 |
Severance and reorganization costs |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | — |  |  |  | 80 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 10 |
Gain on settlement of acquisition related contingent consideration |  |  | — |  |  |  | (1,058 | ) |  |  | — |  |  |  | — |  |  |  | (1,058 | )
|  |  | 1,229 |  |  |  | 114,995 |  |  |  | 647 |  |  |  | — |  |  |  | 116,871 |
Operating income (loss) |  |  | (1,229 | ) |  |  | (2,062 | ) |  |  | (383 | ) |  |  | — |  |  |  | (3,674 | )
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (2 | ) |  |  | (108 | ) |  |  | — |  |  |  | — |  |  |  | (110 | )
Interest expense |  |  | 9,580 |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | 9,606 |
(Income) loss on derivative instruments |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 150 |
(Income) loss from equity method investments |  |  | — |  |  |  | (27 | ) |  |  | — |  |  |  | — |  |  |  | (27 | )
(Gain) loss on sale of equity method investment |  |  | — |  |  |  | — |  |  |  | 221 |  |  |  | — |  |  |  | 221 |
(Income) loss from consolidated entities |  |  | 2,173 |  |  |  | — |  |  |  | — |  |  |  | (2,173 | ) |  |  | — |
Other income |  |  | (10 | ) |  |  | (197 | ) |  |  | — |  |  |  | — |  |  |  | (207 | )
Other expense (income), net |  |  | 11,891 |  |  |  | (306 | ) |  |  | 221 |  |  |  | (2,173 | ) |  |  | 9,633 |
Income (loss) before income taxes |  |  | (13,120 | ) |  |  | (1,756 | ) |  |  | (604 | ) |  |  | 2,173 |  |  |  | (13,307 | )
Provision (benefit) for income taxes |  |  | 303 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 303 |
Net income (loss) |  |  | (13,423 | ) |  |  | (1,756 | ) |  |  | (604 | ) |  |  | 2,173 |  |  |  | (13,610 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (187 | ) |  |  | — |  |  |  | (187 | )
Net income (loss) attributable to common stockholders |  | $ | (13,423 | ) |  | $ | (1,756 | ) |  | $ | (417 | ) |  | $ | 2,173 |  |  | $ | (13,423 | )
Schedule of Consolidating Statement of Comprehensive Income (Loss) | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (9,271 | ) |  | $ | 564 |  |  | $ | 2,668 |  |  | $ | (1,924 | ) |  | $ | (7,963 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (34 | ) |  |  | — |  |  |  | — |  |  |  | (34 | )
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | (34 | ) |  |  | — |  |  |  | — |  |  |  | (34 | )
Comprehensive income (loss) |  |  | (9,271 | ) |  |  | 530 |  |  |  | 2,668 |  |  |  | (1,924 | ) |  |  | (7,997 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 1,308 |  |  |  | — |  |  |  | 1,308 |
Comprehensive income (loss) attributable to common stockholders |  | $ | (9,271 | ) |  | $ | 530 |  |  | $ | 1,360 |  |  | $ | (1,924 | ) |  | $ | (9,305 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (13,423 | ) |  | $ | (1,756 | ) |  | $ | (604 | ) |  | $ | 2,173 |  |  | $ | (13,610 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | (3 | )
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | (3 | )
Comprehensive income (loss) |  |  | (13,423 | ) |  |  | (1,759 | ) |  |  | (604 | ) |  |  | 2,173 |  |  |  | (13,613 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (187 | ) |  |  | — |  |  |  | (187 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (13,423 | ) |  | $ | (1,759 | ) |  | $ | (417 | ) |  | $ | 2,173 |  |  | $ | (13,426 | )
Schedule of Condensed Consolidating Statement of Cash Flows | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (10,886 | ) |  | $ | 5,604 |  |  | $ | (413 | ) |  | $ | — |  |  | $ | (5,695 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment |  |  | (516 | ) |  |  | (3,928 | ) |  |  | — |  |  |  | — |  |  |  | (4,444 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (478 | ) |  |  | — |  |  |  | — |  |  |  | (478 | )
Payments related to investments |  |  | — |  |  |  | 1,555 |  |  |  | (1,555 | ) |  |  | — |  |  |  | — |
Proceeds from divestiture transactions |  |  | — |  |  |  | 1,050 |  |  |  | 3,500 |  |  |  | — |  |  |  | 4,550 |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 89 |  |  |  | — |  |  |  | — |  |  |  | 89 |
Net cash provided by (used in) investing activities |  |  | (516 | ) |  |  | (1,712 | ) |  |  | 1,945 |  |  |  | — |  |  |  | (283 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 197,573 |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | 197,591 |
Principal payments on long-term debt |  |  | (186,267 | ) |  |  | (233 | ) |  |  | — |  |  |  | — |  |  |  | (186,500 | )
Change in restricted cash |  |  | 4,086 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,086 |
Payments of financing costs |  |  | (6,852 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,852 | )
Distributions to nonctonrolling interest holder |  |  | — |  |  |  | — |  |  |  | (1,495 | ) |  |  | — |  |  |  | (1,495 | )
Intercompany borrowings |  |  | 3,707 |  |  |  | (3,707 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 12,247 |  |  |  | (3,922 | ) |  |  | (1,495 | ) |  |  | — |  |  |  | 6,830 |
Net increase (decrease) in cash and cash equivalents |  |  | 845 |  |  |  | (30 | ) |  |  | 37 |  |  |  | — |  |  |  | 852 |
Cash and cash equivalents, beginning of period |  |  | 1,596 |  |  |  | 253 |  |  |  | 356 |  |  |  | — |  |  |  | 2,205 |
Cash and cash equivalents, end of period |  | $ | 2,441 |  |  | $ | 223 |  |  | $ | 393 |  |  | $ | — |  |  | $ | 3,057 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (5,327 | ) |  | $ | 6,799 |  |  | $ | (111 | ) |  | $ | — |  |  | $ | 1,361 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | 214 |  |  |  | — |  |  |  | — |  |  |  | 214 |
Acquisition related additions to property, plant and equipment |  |  | — |  |  |  | (79 | ) |  |  | — |  |  |  | — |  |  |  | (79 | )
Additions to property, plant and equipment |  |  | (256 | ) |  |  | (7,221 | ) |  |  | — |  |  |  | — |  |  |  | (7,477 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (563 | ) |  |  | — |  |  |  | — |  |  |  | (563 | )
Payments related to investments |  |  | — |  |  |  | (84 | ) |  |  | — |  |  |  | — |  |  |  | (84 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 216 |  |  |  | — |  |  |  | — |  |  |  | 216 |
Net cash provided by (used in) investing activities |  |  | (256 | ) |  |  | (7,517 | ) |  |  | — |  |  |  | — |  |  |  | (7,773 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 47,860 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 47,860 |
Principal payments on long-term debt |  |  | (41,120 | ) |  |  | (130 | ) |  |  | — |  |  |  | — |  |  |  | (41,250 | )
Payments of financing costs |  |  | (17 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (17 | )
Intercompany borrowings |  |  | (718 | ) |  |  | 718 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 6,005 |  |  |  | 588 |  |  |  | — |  |  |  | — |  |  |  | 6,593 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | 86 |  |  |  | — |  |  |  | — |  |  |  | 86 |
Net increase (decrease) in cash and cash equivalents |  |  | 422 |  |  |  | (44 | ) |  |  | (111 | ) |  |  | — |  |  |  | 267 |
Cash and cash equivalents, beginning of period |  |  | 2,312 |  |  |  | 243 |  |  |  | 140 |  |  |  | — |  |  |  | 2,695 |
Cash and cash equivalents, end of period |  | $ | 2,734 |  |  | $ | 199 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 2,962 |

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