Subsidiary Guarantors (Tables)

12 Months Ended

Dec. 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 DECEMBER 31, 2015

(in thousands)


							Non-
ASSETS	Parent			Guarantors			Guarantors			Elimination			Consolidated
CURRENT ASSETS:
Cash and cash equivalents	$	1,939		$	252		$	121		$	—		$	2,312
Accounts receivable - trade, net		438			59,729			—			—			60,167
Refundable income taxes		651			—			—			—			651
Prepaid expenses		2,612			5,058			—			—			7,670
Inventory		—			4,282			—			—			4,282
Other current assets		520			1,066			—			—			1,586

Total current assets		6,160			70,387			121			—			76,668

Property, plant and equipment, net		6,220			396,032			—			—			402,252
Goodwill		—			118,976			—			—			118,976
Intangible assets, net		8			9,244			—			—			9,252
Restricted assets		1,348			903			—			—			2,251
Cost method investments		12,333			1,932			—			(1,932	)		12,333
Investments in subsidiaries		23,316			—			—			(23,316	)		—
Other non-current assets		17,801			10,350			—			—			28,151

		61,026			537,437			—			(25,248	)		573,215

Intercompany receivable		484,405			(447,360	)		(38,977	)		1,932			—


	$	551,591		$	160,464		$	(38,856	)	$	(23,316	)	$	649,883


LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated
CURRENT LIABILITIES:
Current maturities of long-term debt and capital leases	$	96		$	1,352		$	—		$	—		$	1,448
Accounts payable		16,203			28,504			214			—			44,921
Accrued payroll and related expenses		2,994			5,181			—			—			8,175
Accrued interest		12,292			13			—			—			12,305
Current accrued capping, closure and post-closure costs		—			729			3			—			732
Other accrued liabilities		7,693			10,072			—			—			17,765

Total current liabilities		39,278			45,851			217			—			85,346
Long-term debt and capital leases, less current maturities		519,163			3,036			—			—			522,199
Accrued capping, closure and post-closure costs, less current portion		—			40,279			30			—			40,309
Deferred income taxes		5,595			—			—			—			5,595
Other long-term liabilities		9,078			8,953			—			—			18,031
														—
STOCKHOLDERS’ (DEFICIT) EQUITY:
Casella Waste Systems, Inc. stockholders’ (deficit) equity		(21,523	)		62,345			(39,029	)		(23,316	)		(21,523	)
Noncontrolling interests		—			—			(74	)		—			(74	)

Total stockholders’ (deficit) equity		(21,523	)		62,345			(39,103	)		(23,316	)		(21,597	)

	$	551,591		$	160,464		$	(38,856	)	$	(23,316	)	$	649,883

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2014

(in thousands, except for share and per share data)


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

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF APRIL 30, 2014

(in thousands, except for share and per share data)


ASSETS	Parent			Guarantors			Non- Guarantors			Elimination			Consolidated
CURRENT ASSETS:
Cash and cash equivalents	$	2,151		$	271		$	42		$	—		$	2,464
Restricted cash		—			76			—			—			76
Accounts receivable - trade, net		534			51,983			86			—			52,603
Refundable income taxes		465			—			—			—			465
Prepaid expenses		2,617			4,557			2			—			7,176
Inventory		—			3,852			53			—			3,905
Deferred income taxes		2,502			—			—			—			2,502
Other current assets		312			936			7			—			1,255
Current assets of discontinued operations		—			359			—			—			359

Total current assets		8,581			62,034			190			—			70,805

Property, plant and equipment, net		4,104			398,670			650			—			403,424
Goodwill		—			119,139			—			—			119,139
Intangible assets, net		159			13,261			—			—			13,420
Restricted assets		—			681			—			—			681
Cost method investments		16,752			1,932			—			(1,932	)		16,752
Investments in subsidiaries		(36,006	)		—			—			36,006			—
Other non-current assets		13,874			10,331			—			—			24,205
Non-current assets of discontinued operations		—			1,471			—			—			1,471


		(1,117	)		545,485			650			34,074			579,092

Intercompany receivable		543,291			(506,348	)		(38,875	)		1,932			—


	$	550,755		$	101,171		$	(38,035	)	$	36,006		$	649,897


LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated
CURRENT LIABILITIES:
Current maturities of long-term debt and capital leases	$	84		$	801		$	—		$	—		$	885
Accounts payable		22,678			28,286			824			—			51,788
Accrued payroll and related expenses		1,212			4,849			1			—			6,062
Accrued interest		6,084			3			—			—			6,087
Current accrued capping, closure and post-closure costs		—			7,309			3			—			7,312
Other accrued liabilities		7,289			10,081			242			—			17,612

Total current liabilities		37,347			51,329			1,070			—			89,746

Long-term debt and capital leases, less current maturities		504,836			2,298			—			—			507,134
Accrued capping, closure and post-closure costs, less current portion		—			37,306			36			—			37,342
Deferred income taxes		6,954			—			—			—			6,954
Other long-term liabilities		10,025			7,149			84			—			17,258

STOCKHOLDERS’ (DEFICIT) EQUITY:
Casella Waste Systems, Inc. stockholders’ (deficit) equity		(8,407	)		3,089			(39,095	)		36,006			(8,407	)
Noncontrolling interests		—			—			(130	)		—			(130	)

Total stockholders’ (deficit) equity		(8,407	)		3,089			(39,225	)		36,006			(8,537	)

	$	550,755		$	101,171		$	(38,035	)	$	36,006		$	649,897

Schedule of Consolidating Statement of Operations

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

FISCAL YEAR ENDED DECEMBER 31, 2015

(in thousands)


	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated

Revenues	$	—		$	546,376		$	124		$	—		$	546,500
Operating expenses:
Cost of operations		(1	)		382,160			456			—			382,615
General and administration		2,255			70,625			12			—			72,892
Depreciation and amortization		1,066			61,643			(5	)		—			62,704
Contract settlement charge		—			1,940			—			—			1,940
Divestiture transactions		—			(2,667	)		(2,850	)		—			(5,517	)

		3,320			513,701			(2,387	)		—			514,634

Operating income (loss)		(3,320	)		32,675			2,511			—			31,866


Other expense (income), net:
Interest income		(47	)		(283	)		—			—			(330	)
Interest expense		40,191			145			84			—			40,420
Loss on debt extinguishment		999			—			—			—			999
(Income) loss on derivative instruments		227			—			—			—			227
Impairment of investments		2,099			—			—			—			2,099
(Income) loss from consolidated entities		(34,610	)		—			—			34,610			—
Other income		(561	)		(558	)		—			—			(1,119	)

Other expense (income), net		8,298			(696	)		84			34,610			42,296


Income (loss) before income taxes		(11,618	)		33,371			2,427			(34,610	)		(10,430	)
Provision (benefit) for income taxes		1,351			—			—			—			1,351

Net income (loss)		(12,969	)		33,371			2,427			(34,610	)		(11,781	)

Less: Net income (loss) attributable to noncontrolling interests		—			—			1,188			—			1,188

Net income (loss) attributable to common stockholders	$	(12,969	)	$	33,371		$	1,239		$	(34,610	)	$	(12,969	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

EIGHT MONTHS ENDED DECEMBER 31, 2014

(in thousands)


	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated

Revenues	$	—		$	367,576		$	798		$	—		$	368,374

Operating expenses:
Cost of operations		175			258,142			333			—			258,650
General and administration		2,681			43,011			40			—			45,732
Depreciation and amortization		548			40,942			(5	)		—			41,485
Environmental remediation charge		—			950			—			—			950
Divestiture transactions		—			(553	)		—			—			(553	)


		3,404			342,492			368			—			346,264

Operating income (loss)		(3,404	)		25,084			430			—			22,110


Other expense (income), net:
Interest income		—			(247	)		—			—			(247	)
Interest expense		25,815			(176	)		—			—			25,639
(Gain) loss on derivative instruments		225			—			—			—			225
Impairment of investments		2,320			—			—			—			2,320
(Income) loss from consolidated entities		(26,148	)		—			—			26,148			—
Other income		(301	)		(419	)		—			—			(720	)

Other expense (income), net		1,911			(842	)		—			26,148			27,217


Income (loss) from continuing operations before income taxes		(5,315	)		25,926			430			(26,148	)		(5,107	)
Provision (benefit) for income taxes		703			—			—			—			703

Net income (loss)		(6,018	)		25,926			430			(26,148	)		(5,810	)

Less: Net income (loss) attributable to noncontrolling interests		—			—			208			—			208

Net income (loss) attributable to common stockholders	$	(6,018	)	$	25,926		$	222		$	(26,148	)	$	(6,018	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

FISCAL YEAR ENDED APRIL 30, 2014

(in thousands)


	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated

Revenues	$	—		$	495,391		$	2,242		$	—		$	497,633

Operating expenses:
Cost of operations		(23	)		351,829			2,786			—			354,592
General and administration		1,377			60,446			42			—			61,865
Depreciation and amortization		935			58,651			753			—			60,339
Divestiture transactions		—			—			7,455			—			7,455
Development project charge		—			1,394			—			—			1,394
Severance and reorganization costs		4			582			—			—			586
Environmental remediation charge		—			400			—			—			400
Expense from divestiture, acquisition and financing costs		—			144			—			—			144
Change in fair value of acquisition related contingent consideration		—			(1,058	)		—			—			(1,058	)


		2,293			472,388			11,036			—			485,717

Operating income (loss)		(2,293	)		23,003			(8,794	)		—			11,916


Other expense (income), net:
Interest income		(4	)		(308	)		—			—			(312	)
Interest expense		38,095			80			—			—			38,175
(Gain) loss on derivative instruments		280			—			—			—			280
(Income) loss from equity method investments		(18,811	)		(169	)		1,105			18,811			936
(Gain) loss on sale of equity method investment		—			—			(593	)		—			(593	)
Other income		(557	)		(501	)		(1	)		—			(1,059	)

Other expense (income), net		19,003			(898	)		511			18,811			37,427


Income (loss) from continuing operations before income taxes		(21,296	)		23,901			(9,305	)		(18,811	)		(25,511	)

Provision (benefit) for income taxes		1,799			—			—			—			1,799


Income (loss) from continuing operations		(23,095	)		23,901			(9,305	)		(18,811	)		(27,310	)

Discontinued operations:
Income (loss) from discontinued operations, net		—			284			—			—			284
Gain (loss) on disposal of discontinued operations, net		—			(378	)		—			—			(378	)

Net income (loss)		(23,095	)		23,807			(9,305	)		(18,811	)		(27,404	)
Less: Net income (loss) attributable to noncontrolling interests		—			—			(4,309	)		—			(4,309	)

Net income (loss) attributable to common stockholders	$	(23,095	)	$	23,807		$	(4,996	)	$	(18,811	)	$	(23,095	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

FISCAL YEAR ENDED APRIL 30, 2013

(in thousands)


	Parent			Guarantors			Non - Guarantors			Elimination			Consolidated

Revenues	$	—		$	453,589		$	1,746		$	—		$	455,335

Operating expenses:
Cost of operations		(295	)		321,382			1,927			—			323,014
General and administration		220			57,898			87			—			58,205
Depreciation and amortization		1,017			55,142			417			—			56,576
Severance and reorganization costs		1,766			1,943			—			—			3,709
Expense from divestiture, acquisition and financing costs		303			1,107			—			—			1,410


		3,011			437,472			2,431			—			442,914

Operating income (loss)		(3,011	)		16,117			(685	)		—			12,421

Other expense (income), net:
Interest income		(32,896	)		(113	)		—			32,868			(141	)
Interest expense		42,405			32,033			—			(32,868	)		41,570
Loss on debt extinguishment		15,584			—			—			—			15,584
Loss on derivative instruments		4,512			—			—			—			4,512
Loss (income) from equity method investments		24,723			36			4,405			(24,723	)		4,441
Other income		(671	)		(365	)		—			—			(1,036	)

Other expense (income), net		53,657			31,591			4,405			(24,723	)		64,930


Income (loss) from continuing operations before income taxes		(56,668	)		(15,474	)		(5,090	)		24,723			(52,509	)

Provision (benefit) for income taxes		(2,526	)		—			—			—			(2,526	)


Income (loss) from continuing operations		(54,142	)		(15,474	)		(5,090	)		24,723			(49,983	)

Discontinued operations:
Income (loss) from discontinued operations, net		—			(4,480	)		—			—			(4,480	)
Gain (loss) on disposal of discontinued operations, net		—			—			—			—			—

Net income (loss)		(54,142	)		(19,954	)		(5,090	)		24,723			(54,463	)
Less: Net income (loss) attributable to noncontrolling interest		—			—			(321	)		—			(321	)

Net income (loss) attributable to common stockholders	$	(54,142	)	$	(19,954	)	$	(4,769	)	$	24,723		$	(54,142	)

Schedule of Consolidating Statement of Comprehensive Income (Loss)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FISCAL YEAR ENDED DECEMBER 31, 2015

(in thousands)


	Parent			Guarantors			Non - Guarantors		Elimination			Consolidated

Net income (loss)	$	(12,969	)	$	33,371		$	2,427	$	(34,610	)	$	(11,781	)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) resulting from changes in fair value of marketable securities		—			(51	)		—		—			(51	)


Other comprehensive income (loss), net of tax		—			(51	)		—		—			(51	)


Comprehensive income (loss)		(12,969	)		33,320			2,427		(34,610	)		(11,832	)

Less: Comprehensive income (loss) attributable to noncontrolling interests		—			—			1,188		—			1,188


Comprehensive income (loss) attributable to common stockholders	$	(12,969	)	$	33,320		$	1,239	$	(34,610	)	$	(13,020	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

EIGHT MONTHS ENDED DECEMBER 31, 2014

(in thousands)


	Parent			Guarantors		Non - Guarantors		Elimination			Consolidated

Net income (loss)	$	(6,018	)	$	25,926	$	430	$	(26,148	)	$	(5,810	)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) resulting from changes in fair value of marketable securities		—			19		—		—			19


Other comprehensive income (loss), net of tax		—			19		—		—			19


Comprehensive income (loss)		(6,018	)		25,945		430		(26,148	)		(5,791	)

Less: Comprehensive income (loss) attributable to noncontrolling interests		—			—		208		—			208


Comprehensive income (loss) attributable to common stockholders	$	(6,018	)	$	25,945	$	222	$	(26,148	)	$	(5,999	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FISCAL YEAR ENDED APRIL 30, 2014

(in thousands)


	Parent			Guarantors		Non - Guarantors			Elimination			Consolidated

Net income (loss)	$	(23,095	)	$	23,807	$	(9,305	)	$	(18,811	)	$	(27,404	)
Other comprehensive income (loss), net of taxes:
Unrealized gain (loss) resulting from changes in fair value of derivative instruments		—			—		(36	)		—			(36	)
Realized loss (gain) on derivative instruments reclassified into earnings		—			—		655			—			655
Unrealized gain (loss) resulting from changes in fair value of marketable securities		—			12		—			—			12


Other comprehensive income (loss)		—			12		619			—			631


Comprehensive income (loss)		(23,095	)		23,819		(8,686	)		(18,811	)		(26,773	)

Less: Comprehensive income (loss) attributable to noncontrolling interests		—			—		(4,309	)		—			(4,309	)


Comprehensive income (loss) attributable to common stockholders	$	(23,095	)	$	23,819	$	(4,377	)	$	(18,811	)	$	(22,464	)

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FISCAL YEAR ENDED APRIL 30, 2013

(in thousands)


	Parent			Guarantors			Non - Guarantors			Elimination		Consolidated

Net income (loss)	$	(54,142	)	$	(19,954	)	$	(5,090	)	$	24,723	$	(54,463	)
Other comprehensive income (loss), net of taxes:
Unrealized gain (loss) resulting from changes in fair value of derivative instruments		(1,257	)		—			(1,653	)		—		(2,910	)
Realized loss (gain) on derivative instruments reclassified into earnings		3,626			—			621			—		4,247
Unrealized gain (loss) resulting from changes in fair value of marketable securities		—			23			—			—		23


Other comprehensive income (loss)		2,369			23			(1,032	)		—		1,360


Comprehensive income (loss)		(51,773	)		(19,931	)		(6,122	)		24,723		(53,103	)

Less: Comprehensive income (loss) attributable to noncontrolling interest		—			—			(321	)		—		(321	)


Comprehensive income (loss) attributable to common stockholders	$	(51,773	)	$	(19,931	)	$	(5,801	)	$	24,723	$	(52,782	)

Schedule of Condensed Consolidating Statement of Cash Flows

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FISCAL YEAR ENDED DECEMBER 31, 2015

(in thousands)


	Parent			Guarantors			Non- Guarantors			Elimination		Consolidated

Net cash provided by (used in) operating activities	$	15,543		$	55,649		$	(685	)	$	—	$	70,507

Cash Flows from Investing Activities:
Additions to property, plant and equipment		(2,146	)		(47,849	)		—			—		(49,995	)
Payments on landfill operating lease contracts		—			(5,385	)		—			—		(5,385	)
Proceeds from divestiture transactions		—			1,835			3,500			—		5,335
Proceeds from sale of property and equipment		—			715			—			—		715
Proceeds from property insurance settlement		—			546			—			—		546
Payments related to investments		—			1,555			(1,555	)		—		—

Net cash provided by (used in) investing activities		(2,146	)		(48,583	)		1,945			—		(48,784	)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		351,946			3,283			—			—		355,229
Principal payments on long-term debt		(369,368	)		(1,628	)		—			—		(370,996	)
Change in restricted cash		4,471			—			—			—		4,471
Payments of financing costs		(9,025	)		—			—			—		(9,025	)
Payments of debt extinguishment costs		(146	)		—			—			—		(146	)
Proceeds from the exercise of share based awards		161			—			—			—		161
Excess tax benefit on the vesting of share based awards		185			—			—			—		185
Distributions to noncontrolling interest holder		—			—			(1,495	)		—		(1,495	)
Intercompany borrowings		8,722			(8,722	)		—			—		—

Net cash provided by (used in) financing activities		(13,054	)		(7,067	)		(1,495	)		—		(21,616	)
Net increase (decrease) in cash and cash equivalents		343			(1	)		(235	)		—		107
Cash and cash equivalents, beginning of period		1,596			253			356			—		2,205

Cash and cash equivalents, end of period	$	1,939		$	252		$	121		$	—	$	2,312

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

EIGHT MONTHS ENDED DECEMBER 31, 2014

(in thousands)


	Parent			Guarantors			Non- Guarantors		Elimination		Consolidated

Net cash provided by (used in) operating activities	$	(27,340	)	$	65,622		$	4	$	—	$	38,286

Cash Flows from Investing Activities:
Acquisitions, net of cash acquired		—			(360	)		—		—		(360	)
Acquisition related additions to property, plant and equipment		—			(45	)		—		—		(45	)
Additions to property, plant and equipment		(1,433	)		(53,583	)		—		—		(55,016	)
Payments on landfill operating lease contracts		—			(4,739	)		—		—		(4,739	)
Proceeds from sale of property and equipment		—			463			—		—		463
Payments related to investments		—			(310	)		310		—		—

Net cash provided by (used in) investing activities		(1,433	)		(58,574	)		310		—		(59,697	)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		136,800			—			—		—		136,800
Principal payments on long-term debt		(108,917	)		(364	)		—		—		(109,281	)
Change in restricted cash		(5,819	)		—			—		—		(5,819	)
Payments of financing costs		(2,605	)		—			—		—		(2,605	)
Proceeds from the exercise of share based awards		143			—			—		—		143
Excess tax benefit on the vesting of share based awards		84			—			—		—		84
Intercompany borrowings		8,532			(8,532	)		—		—		—

Net cash provided by (used in) financing activities		28,218			(8,896	)		—		—		19,322
Net cash provided by (used in) discontinued operations		—			1,830			—		—		1,830

Net increase (decrease) in cash and cash equivalents		(555	)		(18	)		314		—		(259	)
Cash and cash equivalents, beginning of period		2,151			271			42		—		2,464

Cash and cash equivalents, end of period	$	1,596		$	253		$	356	$	—	$	2,205

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FISCAL YEAR ENDED APRIL 30, 2014

(in thousands)


	Parent			Guarantors			Non- Guarantors			Elimination		Consolidated

Net cash provided by (used in) operating activities	$	(40,365	)	$	89,792		$	215		$	—	$	49,642

Cash Flows from Investing Activities:
Acquisitions, net of cash acquired		—			(8,305	)		—			—		(8,305	)
Acquisition related additions to property, plant and equipment		—			(2,633	)		—			—		(2,633	)
Additions to property, plant and equipment		(1,675	)		(41,236	)		(415	)		—		(43,326	)
Payments on landfill operating lease contracts		—			(6,505	)		—			—		(6,505	)
Proceeds from sale of property and equipment		—			1,524			—			—		1,524
Proceeds from sale of equity method investment		3,442			—			—			—		3,442
Payments related to investments		(2,107	)		—			—			—		(2,107	)

Net cash provided by (used in) investing activities		(340	)		(57,155	)		(415	)		—		(57,910	)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		160,487			1,163			—			—		161,650
Principal payments on long-term debt		(151,074	)		(1,306	)		—			—		(152,380	)
Payments of financing costs		(405	)		—			—			—		(405	)
Proceeds from the exercise of share based awards		—			143			—			—		143
Intercompany borrowings		32,588			(32,588	)		—			—		—

Net cash provided by (used in) financing activities		41,596			(32,588	)		—			—		9,008
Net cash provided by (used in) discontinued operations		—			(31	)		—			—		(31	)

Net increase (decrease) in cash and cash equivalents		891			18			(200	)		—		709
Cash and cash equivalents, beginning of period		1,260			253			242			—		1,755

Cash and cash equivalents, end of period	$	2,151		$	271		$	42		$	—	$	2,464

CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FISCAL YEAR ENDED APRIL 30, 2013

(in thousands)


	Parent			Guarantors			Non- Guarantors			Elimination		Consolidated

Net cash provided by (used in) operating activities	$	(5,319	)	$	50,527		$	(1,302	)	$	—	$	43,906

Cash Flows from Investing Activities:
Acquisitions, net of cash acquired		—			(25,225	)		—			—		(25,225	)
Acquisition related additions to property, plant and equipment		—			(1,746	)		—			—		(1,746	)
Additions to property, plant and equipment		(203	)		(48,058	)		(5,020	)		—		(53,281	)
Payments on landfill operating lease contracts		—			(6,261	)		—			—		(6,261	)
Payment for capital related to divestiture		—			(618	)		—			—		(618	)
Proceeds from sale of property and equipment		—			883			—			—		883
Payments related to investments		(4,166	)		(2,707	)		3,666			—		(3,207	)

Net cash provided by (used in) investing activities		(4,369	)		(83,732	)		(1,354	)		—		(89,455	)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		376,185			161			—			—		376,346
Principal payments on long-term debt		(359,342	)		(1,516	)		—			—		(360,858	)
Payments of financing costs		(4,609	)		—			—			—		(4,609	)
Payments of debt extinguishment costs		(10,743	)		—			—			—		(10,743	)
Excess tax benefit on the vesting of share based awards		96			—			—			—		96
Net proceeds from the issuance of class A common stock		42,184			—			—			—		42,184
Contributions from noncontrolling interest holder		—			—			2,531			—		2,531
Intercompany borrowings		(36,622	)		36,622			—			—		—

Net cash provided by (used in) financing activities		7,149			35,267			2,531			—		44,947
Discontinued Operations:
Net cash provided by (used in) discontinued operations		—			(2,177	)		—			—		(2,177	)

Net increase (decrease) in cash and cash equivalents		(2,539	)		(115	)		(125	)		—		(2,779	)
Cash and cash equivalents, beginning of period		3,799			368			367			—		4,534

Cash and cash equivalents, end of period	$	1,260		$	253		$	242		$	—	$	1,755