XML 55 R19.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Subsidiary Guarantors | 9 Months Ended
--- | ---
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Subsidiary Guarantors |
12. | SUBSIDIARY GUARANTORS
Our 2019 Notes are guaranteed jointly and severally, fully and unconditionally, by our significant wholly-owned subsidiaries. The Parent is the issuer and a non-guarantor of the 2019 Notes and the Parent has no independent assets or operations. The information which follows presents the condensed consolidating financial position as of September 30, 2015 and December 31, 2014, the consolidating results of operations and comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014, and the condensed consolidating statements of cash flows for the nine months ended September 30, 2015 and 2014 of (a) the Parent company only, (b) the combined guarantors (“Guarantors”), each of which is 100% wholly-owned by the Parent, (c) the combined non-guarantors (“Non-Guarantors”), (d) eliminating entries and (e) the consolidated total. CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2015 (in thousands)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,586 |  |  | $ | 256 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 2,019 |
Accounts receivable - trade, net |  |  | 376 |  |  |  | 63,459 |  |  |  | — |  |  |  | — |  |  |  | 63,835 |
Refundable income taxes |  |  | 653 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 653 |
Prepaid expenses |  |  | 3,303 |  |  |  | 5,678 |  |  |  | — |  |  |  | — |  |  |  | 8,981 |
Inventory |  |  | — |  |  |  | 4,586 |  |  |  | — |  |  |  | — |  |  |  | 4,586 |
Deferred income taxes |  |  | 1,839 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,839 |
Other current assets |  |  | 481 |  |  |  | 3,362 |  |  |  | — |  |  |  | — |  |  |  | 3,843 |
Total current assets |  |  | 8,238 |  |  |  | 77,341 |  |  |  | 177 |  |  |  | — |  |  |  | 85,756 |
Property, plant and equipment, net |  |  | 5,791 |  |  |  | 391,587 |  |  |  | — |  |  |  | — |  |  |  | 397,378 |
Goodwill |  |  | — |  |  |  | 118,976 |  |  |  | — |  |  |  | — |  |  |  | 118,976 |
Intangible assets, net |  |  | 30 |  |  |  | 9,812 |  |  |  | — |  |  |  | — |  |  |  | 9,842 |
Restricted assets |  |  | 4,500 |  |  |  | 783 |  |  |  | — |  |  |  | — |  |  |  | 5,283 |
Cost method investments |  |  | 14,115 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 14,115 |
Investments in subsidiaries |  |  | 17,625 |  |  |  | — |  |  |  | — |  |  |  | (17,625 | ) |  |  | — |
Other non-current assets |  |  | 18,797 |  |  |  | 10,518 |  |  |  | — |  |  |  | — |  |  |  | 29,315 |
|  |  | 60,858 |  |  |  | 533,608 |  |  |  | — |  |  |  | (19,557 | ) |  |  | 574,909 |
Intercompany receivable |  |  | 495,276 |  |  |  | (458,225 | ) |  |  | (38,983 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 564,372 |  |  | $ | 152,724 |  |  | $ | (38,806 | ) |  | $ | (17,625 | ) |  | $ | 660,665 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 94 |  |  | $ | 1,212 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,306 |
Accounts payable |  |  | 19,787 |  |  |  | 30,056 |  |  |  | 263 |  |  |  | — |  |  |  | 50,106 |
Accrued payroll and related expenses |  |  | 1,233 |  |  |  | 5,422 |  |  |  | — |  |  |  | — |  |  |  | 6,655 |
Accrued interest |  |  | 5,139 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 5,151 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 792 |  |  |  | 3 |  |  |  | — |  |  |  | 795 |
Other accrued liabilities |  |  | 8,090 |  |  |  | 8,794 |  |  |  | — |  |  |  | — |  |  |  | 16,884 |
Total current liabilities |  |  | 34,343 |  |  |  | 46,288 |  |  |  | 266 |  |  |  | — |  |  |  | 80,897 |
Long-term debt and capital leases, less current maturities |  |  | 529,551 |  |  |  | 888 |  |  |  | — |  |  |  | — |  |  |  | 530,439 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 41,275 |  |  |  | 34 |  |  |  | — |  |  |  | 41,309 |
Deferred income taxes |  |  | 7,272 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,272 |
Other long-term liabilities |  |  | 8,689 |  |  |  | 7,615 |  |  |  | — |  |  |  | — |  |  |  | 16,304 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
STOCKHOLDERS’ (DEFICIT) EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders (deficit)’ equity |  |  | (15,483 | ) |  |  | 56,658 |  |  |  | (39,033 | ) |  |  | (17,625 | ) |  |  | (15,483 | )
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (73 | ) |  |  | — |  |  |  | (73 | )
Total stockholders’ (deficit) equity |  |  | (15,483 | ) |  |  | 56,658 |  |  |  | (39,106 | ) |  |  | (17,625 | ) |  |  | (15,556 | )
|  | $ | 564,372 |  |  | $ | 152,724 |  |  | $ | (38,806 | ) |  | $ | (17,625 | ) |  | $ | 660,665 |
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 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 146,185 |  |  | $ | — |  |  | $ | — |  |  | $ | 146,185 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 6 |  |  |  | 99,582 |  |  |  | 68 |  |  |  | — |  |  |  | 99,656 |
General and administration |  |  | 2,054 |  |  |  | 15,385 |  |  |  | 9 |  |  |  | — |  |  |  | 17,448 |
Depreciation and amortization |  |  | 267 |  |  |  | 16,118 |  |  |  | — |  |  |  | — |  |  |  | 16,385 |
|  |  | 2,327 |  |  |  | 131,085 |  |  |  | 77 |  |  |  | — |  |  |  | 133,489 |
Operating income (loss) |  |  | (2,327 | ) |  |  | 15,100 |  |  |  | (77 | ) |  |  | — |  |  |  | 12,696 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | (56 | ) |  |  | — |  |  |  | — |  |  |  | (56 | )
Interest expense |  |  | 10,053 |  |  |  | 34 |  |  |  | — |  |  |  | — |  |  |  | 10,087 |
(Income) loss on derivative instruments |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41 |
Loss on debt extinguishment |  |  | 345 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 345 |
(Income) loss from consolidated entities |  |  | (15,247 | ) |  |  | — |  |  |  | — |  |  |  | 15,247 |  |  |  | — |
Other income |  |  | (13 | ) |  |  | (165 | ) |  |  | — |  |  |  | — |  |  |  | (178 | )
Other expense (income), net |  |  | (4,821 | ) |  |  | (187 | ) |  |  | — |  |  |  | 15,247 |  |  |  | 10,239 |
Income (loss) before income taxes |  |  | 2,494 |  |  |  | 15,287 |  |  |  | (77 | ) |  |  | (15,247 | ) |  |  | 2,457 |
Provision (benefit) for income taxes |  |  | 198 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 198 |
Net income (loss) |  |  | 2,296 |  |  |  | 15,287 |  |  |  | (77 | ) |  |  | (15,247 | ) |  |  | 2,259 |
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (37 | ) |  |  | — |  |  |  | (37 | )
Net income (loss) attributable to common stockholders |  | $ | 2,296 |  |  | $ | 15,287 |  |  | $ | (40 | ) |  | $ | (15,247 | ) |  | $ | 2,296 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 141,591 |  |  | $ | 333 |  |  | $ | — |  |  | $ | 141,924 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 11 |  |  |  | 98,199 |  |  |  | 18 |  |  |  | — |  |  |  | 98,228 |
General and administration |  |  | 1,226 |  |  |  | 15,996 |  |  |  | (11 | ) |  |  | — |  |  |  | 17,211 |
Depreciation and amortization |  |  | 187 |  |  |  | 15,600 |  |  |  | — |  |  |  | — |  |  |  | 15,787 |
Environmental remediation charge |  |  | — |  |  |  | 75 |  |  |  | — |  |  |  | — |  |  |  | 75 |
|  |  | 1,424 |  |  |  | 129,870 |  |  |  | 7 |  |  |  | — |  |  |  | 131,301 |
Operating income (loss) |  |  | (1,424 | ) |  |  | 11,721 |  |  |  | 326 |  |  |  | — |  |  |  | 10,623 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | (84 | ) |  |  | — |  |  |  | — |  |  |  | (84 | )
Interest expense |  |  | 9,621 |  |  |  | (97 | ) |  |  | — |  |  |  | — |  |  |  | 9,524 |
(Income) loss on derivative instruments |  |  | (82 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (82 | )
(Income) loss from consolidated entities |  |  | (12,245 | ) |  |  | — |  |  |  | — |  |  |  | 12,245 |  |  |  | — |
Other income |  |  | (27 | ) |  |  | (177 | ) |  |  | — |  |  |  | — |  |  |  | (204 | )
Other expense (income), net |  |  | (2,733 | ) |  |  | (358 | ) |  |  | — |  |  |  | 12,245 |  |  |  | 9,154 |
Income (loss) before income taxes |  |  | 1,309 |  |  |  | 12,079 |  |  |  | 326 |  |  |  | (12,245 | ) |  |  | 1,469 |
Provision (benefit) for income taxes |  |  | 229 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 229 |
Net income (loss) |  |  | 1,080 |  |  |  | 12,079 |  |  |  | 326 |  |  |  | (12,245 | ) |  |  | 1,240 |
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 160 |  |  |  | — |  |  |  | 160 |
Net income (loss) attributable to common stockholders |  | $ | 1,080 |  |  | $ | 12,079 |  |  | $ | 166 |  |  | $ | (12,245 | ) |  | $ | 1,080 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 406,352 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 406,476 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (43 | ) |  |  | 285,816 |  |  |  | 452 |  |  |  | — |  |  |  | 286,225 |
General and administration |  |  | 1,858 |  |  |  | 50,452 |  |  |  | 14 |  |  |  | — |  |  |  | 52,324 |
Depreciation and amortization |  |  | 767 |  |  |  | 45,607 |  |  |  | — |  |  |  | — |  |  |  | 46,374 |
Divestiture transactions |  |  | — |  |  |  | (2,761 | ) |  |  | (2,850 | ) |  |  | — |  |  |  | (5,611 | )
|  |  | 2,582 |  |  |  | 379,114 |  |  |  | (2,384 | ) |  |  | — |  |  |  | 379,312 |
Operating income (loss) |  |  | (2,582 | ) |  |  | 27,238 |  |  |  | 2,508 |  |  |  | — |  |  |  | 27,164 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (47 | ) |  |  | (220 | ) |  |  | — |  |  |  | — |  |  |  | (267 | )
Interest expense |  |  | 30,137 |  |  |  | 142 |  |  |  | 84 |  |  |  | — |  |  |  | 30,363 |
Loss on debt extinguishment |  |  | 866 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 866 |
(Income) loss on derivative instruments |  |  | 239 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 239 |
(Income) loss from consolidated entities |  |  | (28,942 | ) |  |  | — |  |  |  | — |  |  |  | 28,942 |  |  |  | — |
Other income |  |  | 4 |  |  |  | (391 | ) |  |  | — |  |  |  | — |  |  |  | (387 | )
Other expense (income), net |  |  | 2,257 |  |  |  | (469 | ) |  |  | 84 |  |  |  | 28,942 |  |  |  | 30,814 |
Income (loss) before income taxes |  |  | (4,839 | ) |  |  | 27,707 |  |  |  | 2,424 |  |  |  | (28,942 | ) |  |  | (3,650 | )
Provision (benefit) for income taxes |  |  | 1,112 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,112 |
Net income (loss) |  |  | (5,951 | ) |  |  | 27,707 |  |  |  | 2,424 |  |  |  | (28,942 | ) |  |  | (4,762 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 1,189 |  |  |  | — |  |  |  | 1,189 |
Net income (loss) attributable to common stockholders |  | $ | (5,951 | ) |  | $ | 27,707 |  |  | $ | 1,235 |  |  | $ | (28,942 | ) |  | $ | (5,951 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED SEPTEMBER 30, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 391,386 |  |  | $ | 1,014 |  |  | $ | — |  |  | $ | 392,400 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (11 | ) |  |  | 280,918 |  |  |  | 943 |  |  |  | — |  |  |  | 281,850 |
General and administration |  |  | 2,366 |  |  |  | 46,814 |  |  |  | 12 |  |  |  | — |  |  |  | 49,192 |
Depreciation and amortization |  |  | 675 |  |  |  | 45,631 |  |  |  | 256 |  |  |  | — |  |  |  | 46,562 |
Divestiture transactions |  |  | — |  |  |  | — |  |  |  | 7,455 |  |  |  | — |  |  |  | 7,455 |
Development project charge |  |  | — |  |  |  | 1,394 |  |  |  | — |  |  |  | — |  |  |  | 1,394 |
Severance and reorganization costs |  |  | — |  |  |  | 430 |  |  |  | — |  |  |  | — |  |  |  | 430 |
Environmental remediation charge |  |  | — |  |  |  | 75 |  |  |  | — |  |  |  | — |  |  |  | 75 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | 24 |
Gain on settlement of acquisition related contingent consideration |  |  | — |  |  |  | (1,058 | ) |  |  | — |  |  |  | — |  |  |  | (1,058 | )
|  |  | 3,030 |  |  |  | 374,228 |  |  |  | 8,666 |  |  |  | — |  |  |  | 385,924 |
Operating income (loss) |  |  | (3,030 | ) |  |  | 17,158 |  |  |  | (7,652 | ) |  |  | — |  |  |  | 6,476 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (2 | ) |  |  | (277 | ) |  |  | — |  |  |  | — |  |  |  | (279 | )
Interest expense |  |  | 28,769 |  |  |  | (51 | ) |  |  | — |  |  |  | — |  |  |  | 28,718 |
(Income) loss on derivative instruments |  |  | 366 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 366 |
(Income) loss from equity method investments |  |  | — |  |  |  | (90 | ) |  |  | — |  |  |  | — |  |  |  | (90 | )
(Gain) loss on sale of equity method investment |  |  | — |  |  |  | — |  |  |  | 221 |  |  |  | — |  |  |  | 221 |
(Income) loss from consolidated entities |  |  | (13,925 | ) |  |  | — |  |  |  | — |  |  |  | 13,925 |  |  |  | — |
Other income |  |  | (300 | ) |  |  | (472 | ) |  |  | — |  |  |  | — |  |  |  | (772 | )
Other expense (income), net |  |  | 14,908 |  |  |  | (890 | ) |  |  | 221 |  |  |  | 13,925 |  |  |  | 28,164 |
Income (loss) before income taxes |  |  | (17,938 | ) |  |  | 18,048 |  |  |  | (7,873 | ) |  |  | (13,925 | ) |  |  | (21,688 | )
Provision (benefit) for income taxes |  |  | 1,060 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,060 |
Net income (loss) |  |  | (18,998 | ) |  |  | 18,048 |  |  |  | (7,873 | ) |  |  | (13,925 | ) |  |  | (22,748 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (3,750 | ) |  |  | — |  |  |  | (3,750 | )
Net income (loss) attributable to common stockholders |  | $ | (18,998 | ) |  | $ | 18,048 |  |  | $ | (4,123 | ) |  | $ | (13,925 | ) |  | $ | (18,998 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | 2,296 |  |  | $ | 15,287 |  |  | $ | (77 | ) |  | $ | (15,247 | ) |  | $ | 2,259 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (44 | ) |  |  | — |  |  |  | — |  |  |  | (44 | )
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | (44 | ) |  |  | — |  |  |  | — |  |  |  | (44 | )
Comprehensive income (loss) |  |  | 2,296 |  |  |  | 15,243 |  |  |  | (77 | ) |  |  | (15,247 | ) |  |  | 2,215 |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (37 | ) |  |  | — |  |  |  | (37 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | 2,296 |  |  | $ | 15,243 |  |  | $ | (40 | ) |  | $ | (15,247 | ) |  | $ | 2,252 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED SEPTEMBER 30, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | 1,080 |  |  | $ | 12,079 |  |  | $ | 326 |  |  | $ | (12,245 | ) |  | $ | 1,240 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities, net of tax |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Comprehensive income (loss) |  |  | 1,080 |  |  |  | 12,085 |  |  |  | 326 |  |  |  | (12,245 | ) |  |  | 1,246 |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 160 |  |  |  | — |  |  |  | 160 |
Comprehensive income (loss) attributable to common stockholders |  | $ | 1,080 |  |  | $ | 12,085 |  |  | $ | 166 |  |  | $ | (12,245 | ) |  | $ | 1,086 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (5,951 | ) |  | $ | 27,707 |  |  | $ | 2,424 |  |  | $ | (28,942 | ) |  | $ | (4,762 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (75 | ) |  |  | — |  |  |  | — |  |  |  | (75 | )
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | (75 | ) |  |  | — |  |  |  | — |  |  |  | (75 | )
Comprehensive income (loss) |  |  | (5,951 | ) |  |  | 27,632 |  |  |  | 2,424 |  |  |  | (28,942 | ) |  |  | (4,837 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 1,189 |  |  |  | — |  |  |  | 1,189 |
Comprehensive income (loss) attributable to common stockholders |  | $ | (5,951 | ) |  | $ | 27,632 |  |  | $ | 1,235 |  |  | $ | (28,942 | ) |  | $ | (6,026 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED SEPTEMBER 30, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (18,998 | ) |  | $ | 18,048 |  |  | $ | (7,873 | ) |  | $ | (13,925 | ) |  | $ | (22,748 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities, net of tax |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 9 |
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 9 |
Comprehensive income (loss) |  |  | (18,998 | ) |  |  | 18,057 |  |  |  | (7,873 | ) |  |  | (13,925 | ) |  |  | (22,739 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (3,750 | ) |  |  | — |  |  |  | (3,750 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (18,998 | ) |  | $ | 18,057 |  |  | $ | (4,123 | ) |  | $ | (13,925 | ) |  | $ | (18,989 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | 3,736 |  |  | $ | 37,423 |  |  | $ | (629 | ) |  | $ | — |  |  | $ | 40,530 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment |  |  | (1,441 | ) |  |  | (29,597 | ) |  |  | — |  |  |  | — |  |  |  | (31,038 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (2,956 | ) |  |  | — |  |  |  | — |  |  |  | (2,956 | )
Payments related to investments |  |  | — |  |  |  | 1,555 |  |  |  | (1,555 | ) |  |  | — |  |  |  | — |
Proceeds from divestiture transactions |  |  | — |  |  |  | 1,835 |  |  |  | 3,500 |  |  |  | — |  |  |  | 5,335 |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 636 |  |  |  | — |  |  |  | — |  |  |  | 636 |
Proceeds from property insurance settlement |  |  | — |  |  |  | 546 |  |  |  | — |  |  |  | — |  |  |  | 546 |
Net cash provided by (used in) investing activities |  |  | (1,441 | ) |  |  | (27,981 | ) |  |  | 1,945 |  |  |  | — |  |  |  | (27,477 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 296,911 |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | 296,929 |
Principal payments on long-term debt |  |  | (300,568 | ) |  |  | (652 | ) |  |  | — |  |  |  | — |  |  |  | (301,220 | )
Change in restricted cash |  |  | 1,319 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,319 |
Payments of financing costs |  |  | (8,991 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,991 | )
Payment of redemption premium on long-term debt |  |  | (121 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (121 | )
Proceeds from the exercise of share based awards |  |  | 161 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 161 |
Excess tax benefit on the vesting of share based awards |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 179 |
Distributions to noncontrolling interest holder |  |  | — |  |  |  | — |  |  |  | (1,495 | ) |  |  | — |  |  |  | (1,495 | )
Intercompany borrowings |  |  | 8,805 |  |  |  | (8,805 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | (2,305 | ) |  |  | (9,439 | ) |  |  | (1,495 | ) |  |  | — |  |  |  | (13,239 | )
Net increase (decrease) in cash and cash equivalents |  |  | (10 | ) |  |  | 3 |  |  |  | (179 | ) |  |  | — |  |  |  | (186 | )
Cash and cash equivalents, beginning of period |  |  | 1,596 |  |  |  | 253 |  |  |  | 356 |  |  |  | — |  |  |  | 2,205 |
Cash and cash equivalents, end of period |  | $ | 1,586 |  |  | $ | 256 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 2,019 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (4,295 | ) |  | $ | 41,623 |  |  | $ | (64 | ) |  | $ | — |  |  | $ | 37,264 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (62 | ) |  |  | — |  |  |  | — |  |  |  | (62 | )
Acquisition related additions to property, plant and equipment |  |  | — |  |  |  | (266 | ) |  |  | — |  |  |  | — |  |  |  | (266 | )
Additions to property, plant and equipment |  |  | (689 | ) |  |  | (42,325 | ) |  |  | — |  |  |  | — |  |  |  | (43,014 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (3,017 | ) |  |  | — |  |  |  | — |  |  |  | (3,017 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 559 |  |  |  | — |  |  |  | — |  |  |  | 559 |
Proceeds from sale of equity method investment |  |  | 597 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 597 |
Payments related to investments |  |  | (84 | ) |  |  | (310 | ) |  |  | 310 |  |  |  | — |  |  |  | (84 | )
Net cash provided by (used in) investing activities |  |  | (176 | ) |  |  | (45,421 | ) |  |  | 310 |  |  |  | — |  |  |  | (45,287 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 134,560 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 134,560 |
Principal payments on long-term debt |  |  | (126,121 | ) |  |  | (592 | ) |  |  | — |  |  |  | — |  |  |  | (126,713 | )
Payments of financing costs |  |  | (24 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (24 | )
Proceeds from the exercise of share based awards |  |  | 286 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 286 |
Excess tax benefit on the vesting of share based awards |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14 |
Intercompany borrowings |  |  | (4,139 | ) |  |  | 4,139 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 4,576 |  |  |  | 3,547 |  |  |  | — |  |  |  | — |  |  |  | 8,123 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | 263 |  |  |  | — |  |  |  | — |  |  |  | 263 |
Net increase (decrease) in cash and cash equivalents |  |  | 105 |  |  |  | 12 |  |  |  | 246 |  |  |  | — |  |  |  | 363 |
Cash and cash equivalents, beginning of period |  |  | 2,312 |  |  |  | 243 |  |  |  | 140 |  |  |  | — |  |  |  | 2,695 |
Cash and cash equivalents, end of period |  | $ | 2,417 |  |  | $ | 255 |  |  | $ | 386 |  |  | $ | — |  |  | $ | 3,058 |

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 10 -Paragraph f -Article 3 + Details
Name: | us-gaap_CondensedFinancialStatementsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration