2012 Q1 Form 10-Q Financial Statement

#000141057812000058 Filed on March 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $111.5M $109.1M
YoY Change 2.24% -0.75%
Cost Of Revenue $81.40M $76.90M
YoY Change 5.85% 4.34%
Gross Profit $30.12M $34.70M
YoY Change -13.19% -4.14%
Gross Profit Margin 27.01% 31.81%
Selling, General & Admin $13.60M $14.80M
YoY Change -8.11% -0.67%
% of Gross Profit 45.15% 42.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.83M $13.60M
YoY Change 9.02% 18.26%
% of Gross Profit 49.22% 39.19%
Operating Expenses $28.20M $28.50M
YoY Change -1.05% -1.04%
Operating Profit $4.448M $6.571M
YoY Change -32.31% -11.2%
Interest Expense $11.53M -$11.50M
YoY Change -200.24% -7.26%
% of Operating Profit 259.17% -175.01%
Other Income/Expense, Net -$28.45M $100.0K
YoY Change -28554.0% -50.0%
Pretax Income -$24.03M -$5.300M
YoY Change 353.47% 10.42%
Income Tax $601.0K $1.100M
% Of Pretax Income
Net Earnings -$24.64M -$6.365M
YoY Change 287.04% 44.66%
Net Earnings / Revenue -22.09% -5.84%
Basic Earnings Per Share -$0.92
Diluted Earnings Per Share -$0.92 -$0.24
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.100M $5.500M
YoY Change -80.0% 150.0%
Cash & Equivalents $1.131M $5.531M
Short-Term Investments
Other Short-Term Assets $10.50M $25.00M
YoY Change -58.0% 54.32%
Inventory $3.800M $3.500M
Prepaid Expenses
Receivables $48.00M $47.60M
Other Receivables $1.300M $1.400M
Total Short-Term Assets $64.80M $83.20M
YoY Change -22.12% 4.0%
LONG-TERM ASSETS
Property, Plant & Equipment $461.9M $455.3M
YoY Change 1.45% -5.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $21.80M $39.20M
YoY Change -44.39% -7.55%
Other Assets $20.30M $63.70M
YoY Change -68.13% 238.83%
Total Long-Term Assets $609.6M $662.0M
YoY Change -7.92% -1.65%
TOTAL ASSETS
Total Short-Term Assets $64.80M $83.20M
Total Long-Term Assets $609.6M $662.0M
Total Assets $674.4M $745.2M
YoY Change -9.5% -1.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.30M $34.90M
YoY Change 29.8% 11.15%
Accrued Expenses $37.40M $40.60M
YoY Change -7.88% -11.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.500M $2.700M
YoY Change -44.44% -18.18%
Total Short-Term Liabilities $84.19M $86.80M
YoY Change -3.01% 7.69%
LONG-TERM LIABILITIES
Long-Term Debt $472.7M $565.2M
YoY Change -16.37% -0.91%
Other Long-Term Liabilities $46.90M $43.10M
YoY Change 8.82% 1.17%
Total Long-Term Liabilities $519.6M $608.3M
YoY Change -14.58% -0.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.19M $86.80M
Total Long-Term Liabilities $519.6M $608.3M
Total Liabilities $609.5M $701.7M
YoY Change -13.14% 0.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.90M $43.40M
YoY Change
Total Liabilities & Shareholders Equity $674.4M $745.2M
YoY Change -9.5% -1.05%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$24.64M -$6.365M
YoY Change 287.04% 44.66%
Depreciation, Depletion And Amortization $14.83M $13.60M
YoY Change 9.02% 18.26%
Cash From Operating Activities $7.500M $13.60M
YoY Change -44.85% 112.5%
INVESTING ACTIVITIES
Capital Expenditures -$13.30M -$10.60M
YoY Change 25.47% 76.67%
Acquisitions
YoY Change
Other Investing Activities -$6.400M -$3.400M
YoY Change 88.24% 25.93%
Cash From Investing Activities -$19.70M -$14.10M
YoY Change 39.72% 60.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.900M 2.000M
YoY Change 345.0% -20.0%
NET CHANGE
Cash From Operating Activities 7.500M 13.60M
Cash From Investing Activities -19.70M -14.10M
Cash From Financing Activities 8.900M 2.000M
Net Change In Cash -3.300M 1.500M
YoY Change -320.0% 1400.0%
FREE CASH FLOW
Cash From Operating Activities $7.500M $13.60M
Capital Expenditures -$13.30M -$10.60M
Free Cash Flow $20.80M $24.20M
YoY Change -14.05% 95.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
902000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
142000 USD
CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-192649000 USD
CY2011Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
285992000 USD
CY2011Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
378000 USD
CY2011Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8816000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5578000 USD
CY2011Q2 us-gaap Accrued Capping Closure Post Closure And Environmental Costs Noncurrent
AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent
34705000 USD
CY2011Q2 cwst Financing Lease Obligation Noncurrent
FinancingLeaseObligationNoncurrent
2156000 USD
CY2011Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
461418000 USD
CY2011Q2 us-gaap Liabilities Current
LiabilitiesCurrent
83921000 USD
CY2011Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20923000 USD
CY2011Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3786000 USD
us-gaap Interest Paid Net
InterestPaidNet
32124000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-10163000 USD
CY2011Q2 us-gaap Accrued Capping Closure Post Closure And Environmental Costs
AccruedCappingClosurePostClosureAndEnvironmentalCosts
1702000 USD
cwst Amortization Of Debt Discount
AmortizationOfDebtDiscount
712000 USD
CY2011Q2 us-gaap Interest Payable Current
InterestPayableCurrent
9776000 USD
CY2011Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3702000 USD
cwst Abandoned Development Project Expense
AbandonedDevelopmentProjectExpense
131000 USD
cwst Interest Accretion On Landfill And Environmental Remediation Liabilities
InterestAccretionOnLandfillAndEnvironmentalRemediationLiabilities
2613000 USD
cwst Depletion Of Landfill Operating Lease Obligations
DepletionOfLandfillOperatingLeaseObligations
6570000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
44394000 USD
CY2011Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
42499000 USD
CY2011Q2 cwst Financing Lease Obligation Current
FinancingLeaseObligationCurrent
316000 USD
CY2011Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1217000 USD
CY2011Q2 us-gaap Assets
Assets
690581000 USD
CY2011Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
618176000 USD
CY2011Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21262000 USD
CY2011Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
38263000 USD
CY2011Q2 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
1297000 USD
CY2011Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
334000 USD
CY2011Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2455000 USD
CY2011Q2 us-gaap Goodwill
Goodwill
101204000 USD
CY2011Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
453361000 USD
CY2011Q2 us-gaap Assets Current
AssetsCurrent
72405000 USD
CY2011Q2 us-gaap Other Assets Current
OtherAssetsCurrent
681000 USD
CY2011Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5600000 USD
CY2011Q2 us-gaap Inventory Net
InventoryNet
3461000 USD
CY2011Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5856000 USD
CY2011Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
54914000 USD
CY2011Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
76000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1817000 USD
CY2012Q1 us-gaap Liabilities Current
LiabilitiesCurrent
84190000 USD
CY2011Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q1 us-gaap Assets
Assets
674369000 USD
CY2012Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
690581000 USD
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
93987000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-686000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
725000 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
725000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
9090000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
254000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
337000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
142000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
119433000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
127900000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-60243000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4146000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1337000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6052000 USD
cwst Payments To Acquire Property Plant And Equipment Maintainence
PaymentsToAcquirePropertyPlantAndEquipmentMaintainence
39279000 USD
cwst Payments To Acquire Property Plant And Equipment Growth
PaymentsToAcquirePropertyPlantAndEquipmentGrowth
9833000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
2102000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-6911000 USD
cwst Increase Decrease In Prepaid Deferred Expense Inventory And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseInventoryAndOtherAssets
758000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2753000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6882000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
254000 USD
us-gaap Share Based Compensation
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2010Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3246000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2055000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
122000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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412000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
340000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
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us-gaap Proceeds From Long Term Lines Of Credit
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134100000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-38256000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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631000 USD
us-gaap Proceeds From Divestiture Of Businesses
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7533000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4977000 USD
cwst Payments To Acquire Property Plant And Equipment Maintainence
PaymentsToAcquirePropertyPlantAndEquipmentMaintainence
40268000 USD
cwst Payments To Acquire Property Plant And Equipment Growth
PaymentsToAcquirePropertyPlantAndEquipmentGrowth
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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45858000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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-5956000 USD
cwst Increase Decrease In Prepaid Deferred Expense Inventory And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseInventoryAndOtherAssets
-483000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-197000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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122000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2052000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2536000 USD
cwst Amortization Of Debt Discount
AmortizationOfDebtDiscount
683000 USD
cwst Amortization Of Debt Premium
AmortizationOfDebtPremium
-584000 USD
cwst Interest Accretion On Landfill And Environmental Remediation Liabilities
InterestAccretionOnLandfillAndEnvironmentalRemediationLiabilities
2487000 USD
cwst Depletion Of Landfill Operating Lease Obligations
DepletionOfLandfillOperatingLeaseObligations
6013000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
44776000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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399000 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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3502000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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-316000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1131000 USD
CY2011Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2012Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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667776000 USD
CY2011Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
920000 USD
CY2012Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1355000 USD
cwst Proceeds From Minority Shareholders Other
ProceedsFromMinorityShareholdersOther
174000 USD

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