2017 Q4 Form 10-K Financial Statement

#000114420419007493 Filed on February 14, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $1.157B $1.206B $1.176B
YoY Change 10.35% 11.21% 61.57%
Cost Of Revenue $680.4M $695.1M $685.9M
YoY Change 10.11% 9.24% 64.76%
Gross Profit $476.8M $511.4M $489.7M
YoY Change 10.7% 13.99% 57.26%
Gross Profit Margin 41.2% 42.38% 41.66%
Selling, General & Admin $126.0M $128.2M $126.3M
YoY Change 1.37% -1.08% -17.29%
% of Gross Profit 26.43% 25.07% 25.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $160.6M $136.9M $157.7M
YoY Change 11.37% -10.32% 60.26%
% of Gross Profit 33.68% 26.78% 32.2%
Operating Expenses $286.6M $128.2M $284.0M
YoY Change 6.7% -54.59% 13.1%
Operating Profit $175.0M $218.8M $206.9M
YoY Change 7.97% 31.55% 243.13%
Interest Expense -$29.20M $32.47M -$30.70M
YoY Change 9.77% -215.97% 55.05%
% of Operating Profit -16.68% 14.84% -14.84%
Other Income/Expense, Net $200.0K $1.709M $400.0K
YoY Change -60.0% 144.14% -157.14%
Pretax Income $146.0M $187.8M $176.6M
YoY Change 29.2% 42.92% 310.7%
Income Tax $100.7M $64.39M $52.70M
% Of Pretax Income 68.97% 34.29% 29.84%
Net Earnings $315.1M $123.2M $123.7M
YoY Change 268.09% 39.08% 349.66%
Net Earnings / Revenue 27.23% 10.21% 10.52%
Basic Earnings Per Share $1.20 $0.47 $0.47
Diluted Earnings Per Share $1.19 $0.47 $0.47
COMMON SHARES
Basic Shares Outstanding 263.4M
Diluted Shares Outstanding 264.3M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $434.0M $495.0M $400.0M
YoY Change 181.82% 315.97% 614.29%
Cash & Equivalents $433.8M $506.5M $400.0M
Short-Term Investments
Other Short-Term Assets $189.0M $109.0M $102.0M
YoY Change 81.73% -34.73% -41.71%
Inventory
Prepaid Expenses
Receivables $554.5M $589.0M $548.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.177B $1.193B $1.049B
YoY Change 58.39% 51.97% 42.92%
LONG-TERM ASSETS
Property, Plant & Equipment $4.821B $4.784B $4.729B
YoY Change 1.75% 0.23% -1.23%
Goodwill $4.682B $4.688B
YoY Change 6.64%
Intangibles $1.087B
YoY Change
Long-Term Investments
YoY Change
Other Assets $68.03M $136.0M $203.0M
YoY Change -58.77% 19.3% 82.88%
Total Long-Term Assets $10.84B $10.72B $10.61B
YoY Change 4.6% 3.02% 2.37%
TOTAL ASSETS
Total Short-Term Assets $1.177B $1.193B $1.049B
Total Long-Term Assets $10.84B $10.72B $10.61B
Total Assets $12.01B $11.91B $11.66B
YoY Change 8.2% 6.45% 5.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.5M $277.0M $239.0M
YoY Change 31.68% 12.15% -1.65%
Accrued Expenses $278.0M $347.0M $271.0M
YoY Change 3.36% 29.96% 0.74%
Deferred Revenue
YoY Change
Short-Term Debt $19.00M $25.00M $31.00M
YoY Change 72.73% 38.89% 121.43%
Long-Term Debt Due $11.66M $12.00M $12.00M
YoY Change 482.95% -50.0% 500.0%
Total Short-Term Liabilities $802.6M $820.0M $725.0M
YoY Change 15.98% 19.01% 5.84%
LONG-TERM LIABILITIES
Long-Term Debt $3.900B $3.926B $3.964B
YoY Change 7.81% 7.21% 5.4%
Other Long-Term Liabilities $316.2M $342.0M $336.0M
YoY Change -12.41% -3.93% -4.55%
Total Long-Term Liabilities $4.216B $4.268B $4.300B
YoY Change 5.98% 6.22% 4.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $802.6M $820.0M $725.0M
Total Long-Term Liabilities $4.216B $4.268B $4.300B
Total Liabilities $5.741B $5.922B $5.855B
YoY Change 5.22% 6.24% 5.63%
SHAREHOLDERS EQUITY
Retained Earnings $1.857B
YoY Change
Common Stock $115.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.269B $5.988B $5.800B
YoY Change
Total Liabilities & Shareholders Equity $12.01B $11.91B $11.66B
YoY Change 8.2% 6.45% 5.06%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $315.1M $123.2M $123.7M
YoY Change 268.09% 39.08% 349.66%
Depreciation, Depletion And Amortization $160.6M $136.9M $157.7M
YoY Change 11.37% -10.32% 60.26%
Cash From Operating Activities $298.8M $336.7M $264.1M
YoY Change 16.49% 20.59% 178.29%
INVESTING ACTIVITIES
Capital Expenditures -$161.9M -$114.8M -$111.4M
YoY Change 15.81% 23.71% 100.72%
Acquisitions
YoY Change
Other Investing Activities -$11.90M -$39.90M -$2.300M
YoY Change 230.56% 1634.78% -104.06%
Cash From Investing Activities -$173.8M -$154.7M -$113.7M
YoY Change 21.2% 62.67% -10436.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.40M -85.90M -18.30M
YoY Change 0.51% -28.42% -63.03%
NET CHANGE
Cash From Operating Activities 298.8M 336.7M 264.1M
Cash From Investing Activities -173.8M -154.7M -113.7M
Cash From Financing Activities -78.40M -85.90M -18.30M
Net Change In Cash 46.60M 96.10M 132.1M
YoY Change 32.76% 49.92% 184.09%
FREE CASH FLOW
Cash From Operating Activities $298.8M $336.7M $264.1M
Capital Expenditures -$161.9M -$114.8M -$111.4M
Free Cash Flow $460.7M $451.5M $375.5M
YoY Change 16.25% 21.37% 149.67%

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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Advertising Costs&nbsp; </font> </p> <p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Advertising costs are expensed as incurred.&nbsp; Advertising expense for the years ended December&nbsp;31, 2018, 2017 and 2016, was </font><font style="display: inline;">$5,029</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">$5,047</font><font style="display: inline;"> and </font><font style="display: inline;">$3,960</font><font style="display: inline;">, respectively, which is included in Selling, general and administrative expense in the Consolidated Statements of Net Income.&nbsp; </font> </p> <p><font size="1"> </font></p> </div> </div>
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Concentrations of Credit Risk</font> </p> <p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and equivalents, restricted cash, restricted investments and accounts receivable.&nbsp; The Company maintains cash and equivalents with banks that at times exceed applicable insurance limits.&nbsp; The Company reduces its exposure to credit risk by maintaining such deposits with high quality financial institutions.&nbsp;&nbsp;The Company&#x2019;s restricted cash and restricted investments are invested primarily in money market accounts, bank time deposits, U.S. government and agency securities and Canadian bankers&#x2019; acceptance notes.&nbsp;&nbsp;The Company has not experienced any losses related to its cash and equivalents, restricted cash or restricted investment accounts.&nbsp; The Company generally does not require collateral on its trade receivables.&nbsp; Credit risk on accounts receivable is minimized as a result of the large and diverse nature of the Company&#x2019;s customer base.&nbsp; The Company maintains allowances for losses based on the expected collectability of accounts receivable.&nbsp; </font> </p> <p><font size="1"> </font></p> </div> </div>
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CY2018 us-gaap Goodwill Acquired During Period
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206548000
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215634000
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361365000
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508510000
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6167141000
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1314000
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4205000
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17916000
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4143000
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-10708000
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21650000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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51457000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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222222000
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222222000
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2155000
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6
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1786000
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1695213000
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1786000
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5400000
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5580000
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3000
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103000
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1867000
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4001000
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12038000
CY2018 us-gaap Multiemployer Plan Contributions By Employer
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13026000
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2020-10-31
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56760000
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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132478000
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781000
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603000
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283000
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OperatingIncomeLoss
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OperatingIncomeLoss
26404000
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OperatingIncomeLoss
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OperatingIncomeLoss
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210688000
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17
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1105000
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OperatingIncomeLoss
206910000
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218770000
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-1611000
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-943000
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4754000
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53000
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3736000
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1263000
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6100000
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232869000
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199980000
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258426000
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37902000
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35204000
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53295000
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68032000
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CY2017 us-gaap Other Comprehensive Income Loss Before Tax
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157270000
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-23210000
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151414000
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7620000
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5856000
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-2796000
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-50931000
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142486000
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-175233000
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-50931000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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142486000
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-30830000
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151414000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-183199000
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8546000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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4174000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-9071000
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7620000
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5856000
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-2796000
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11555000
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316191000
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349931000
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1598000
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547154000
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58928000
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13506000
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3667000
CY2018 us-gaap Payments Of Debt Issuance Costs
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8630000
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92547000
CY2017 us-gaap Payments Of Dividends Common Stock
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131975000
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-636000
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247321000
CY2017Q1 us-gaap Profit Loss
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15020000
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969000
CY2017 us-gaap Profit Loss
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577420000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
123887000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
123410000
CY2017Q4 us-gaap Profit Loss
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315128000
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4820934000
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5168996000
CY2018Q1 us-gaap Profit Loss
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125032000
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152550000
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11497000
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13994000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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15032000
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410695000
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830091000
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17131000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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410695000
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830091000
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344723000
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479287000
CY2018 us-gaap Payments To Acquire Productive Assets
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546145000
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0
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0
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0
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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186999000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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164053000
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Reclassification </font> </p> <p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">As disclosed within other footnotes of the financial statements, restricted cash and restricted investments reported in the Company&#x2019;s prior year have been reclassified to conform with the 2018 presentation</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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19870000
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10814000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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2667000
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3469289000
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973754000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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1022737000
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-3000
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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851000
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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-103000
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-1305000
CY2017 us-gaap Proceeds From Repayments Of Bank Overdrafts
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8241000
CY2018 us-gaap Proceeds From Repayments Of Bank Overdrafts
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-839000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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4604000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28432000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5385000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
138814000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
150766000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
132543000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7194006000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8052089000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3714044000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
770106000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
970773000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
119412000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
84661000
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
47600000
CY2018Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
47486000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1856946000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2264510000
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3375863000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4630488000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4922941000
CY2018 us-gaap Revenue Recognition Customer Acquisitions
RevenueRecognitionCustomerAcquisitions
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 6pt;line-height:120%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:inherit;text-decoration:underline;">Contract Acquisition Costs</font> </p> <p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The incremental direct costs of obtaining a contract, which consist of sales incentives, are recognized as Other assets in the Company&#x2019;s Consolidated Balance Sheet, and are amortized to Selling, general and administrative expense over the estimated life of the relevant customer relationship, which ranges from </font><font style="display: inline;">one</font><font style="display: inline;"> to </font><font style="display: inline;">five</font><font style="display: inline;"> years.&nbsp;&nbsp;The Company applied the new revenue standard&#x2019;s practical expedient that permits an entity to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity would have recognized is one year or less.&nbsp;&nbsp;As of December 31, 2018, the Company had </font><font style="display: inline;">$16,846</font><font style="display: inline;"> of deferred sales incentives.&nbsp;&nbsp;During the year ended December 31, 2018, the Company recorded amortization expense of </font><font style="display: inline;">$17,313</font><font style="display: inline;"> for sales incentive costs.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Revenues
Revenues
3375863000
CY2017Q1 us-gaap Revenues
Revenues
1091266000
CY2017 us-gaap Revenues
Revenues
4630488000
CY2017Q2 us-gaap Revenues
Revenues
1175569000
CY2017Q3 us-gaap Revenues
Revenues
1206478000
CY2017Q4 us-gaap Revenues
Revenues
1157175000
CY2018Q1 us-gaap Revenues
Revenues
1140131000
CY2018 us-gaap Revenues
Revenues
4922941000
CY2018Q2 us-gaap Revenues
Revenues
1239968000
CY2018Q3 us-gaap Revenues
Revenues
1281110000
CY2018Q4 us-gaap Revenues
Revenues
1261732000
CY2017 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
16000000
CY2018Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
12937746
CY2018 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2017Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
166133
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
474263000
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
509638000
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
524388000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
44772000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
39361000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
43803000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
6268670000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
6454608000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1991784000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5654877000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6274070000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6460188000
CY2018 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
On April 26, 2017, the Company announced that its Board of Directors approved a split of its common shares on a three-for-two basis, which was approved by its shareholders at the Company's Annual and Special Meeting of Shareholders on May 23, 2017
CY2017Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1.5
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3503162000
CY2016 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
19870000
CY2017 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
10814000
CY2018 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
2667000
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
831704
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
58928000
us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2019-08-07
CY2018Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
13174976
CY2018Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
129889
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
2136422000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
66774000
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
29446000
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
177000
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
96397000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231081496
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264302411
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264395618
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230325012
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263682608
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263650155
CY2017Q4 wcn Accrued Cell Processing Reserve Current
AccruedCellProcessingReserveCurrent
2984000
CY2018Q4 wcn Accrued Cell Processing Reserve Current
AccruedCellProcessingReserveCurrent
2835000
CY2017Q4 wcn Accrued Cell Processing Reserve Noncurrent
AccruedCellProcessingReserveNoncurrent
943000
CY2018Q4 wcn Accrued Cell Processing Reserve Noncurrent
AccruedCellProcessingReserveNoncurrent
1211000
CY2017Q4 wcn Accumulated Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill
AccumulatedImpairmentOfIntangibleAssetsIndefiniteLivedExcludingGoodwill
38507000
CY2018Q4 wcn Accumulated Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill
AccumulatedImpairmentOfIntangibleAssetsIndefiniteLivedExcludingGoodwill
38507000
CY2017Q4 wcn Amount Of Surety Bonds To Secure Asset Closure And Retirement Requirements
AmountOfSuretyBondsToSecureAssetClosureAndRetirementRequirements
609561000
CY2018Q4 wcn Amount Of Surety Bonds To Secure Asset Closure And Retirement Requirements
AmountOfSuretyBondsToSecureAssetClosureAndRetirementRequirements
619830000
CY2017Q4 wcn Amount Of Surety Bonds To Secure Performance Under Collection Contracts And Landfill Operating Agreements
AmountOfSuretyBondsToSecurePerformanceUnderCollectionContractsAndLandfillOperatingAgreements
281459000
CY2018Q4 wcn Amount Of Surety Bonds To Secure Performance Under Collection Contracts And Landfill Operating Agreements
AmountOfSuretyBondsToSecurePerformanceUnderCollectionContractsAndLandfillOperatingAgreements
357820000
CY2018 wcn Asset Retirement Obligation Assumption Of Closure Liabilities From Acquisitions
AssetRetirementObligationAssumptionOfClosureLiabilitiesFromAcquisitions
4408000
wcn Average Daily Trading Volume During Period
AverageDailyTradingVolumeDuringPeriod
284459
CY2018 wcn Average Remaining Landfill Life Based On Permitted Capacity Projected Annual Disposal Volumes And Probable Expansion Capacity
AverageRemainingLandfillLifeBasedOnPermittedCapacityProjectedAnnualDisposalVolumesAndProbableExpansionCapacity
P29Y
CY2017 wcn Business Acquisition Notes Issued To Sellers At Fair Value
BusinessAcquisitionNotesIssuedToSellersAtFairValue
13460000
CY2016 wcn Business Combination Consideration Transferred Cash Paid And Equity Interests Issued
BusinessCombinationConsiderationTransferredCashPaidAndEquityInterestsIssued
-3520293000
CY2017 wcn Business Combination Consideration Transferred Cash Paid And Equity Interests Issued
BusinessCombinationConsiderationTransferredCashPaidAndEquityInterestsIssued
-410695000
CY2018 wcn Business Combination Consideration Transferred Cash Paid And Equity Interests Issued
BusinessCombinationConsiderationTransferredCashPaidAndEquityInterestsIssued
-830091000
CY2018 wcn Business Combination Provisional Information Initial Accounting Incomplete Number Of Acquisitions
BusinessCombinationProvisionalInformationInitialAccountingIncompleteNumberOfAcquisitions
7
CY2018Q4 wcn Cash Dividend Per Common Share Increase
CashDividendPerCommonShareIncrease
0.02
CY2016 wcn Change In Cash Held For Sale
ChangeInCashHeldForSale
42000
CY2017 wcn Change In Cash Held For Sale
ChangeInCashHeldForSale
150000
CY2018 wcn Change In Cash Held For Sale
ChangeInCashHeldForSale
-192000
CY2016 wcn Deferred Income Tax Liability Adjustments
DeferredIncomeTaxLiabilityAdjustments
0.006
CY2017 wcn Deferred Income Tax Liability Adjustments
DeferredIncomeTaxLiabilityAdjustments
0.005
CY2018 wcn Deferred Income Tax Liability Adjustments
DeferredIncomeTaxLiabilityAdjustments
-0.002
CY2017Q4 wcn Deferred Tax Assets Finance Costs
DeferredTaxAssetsFinanceCosts
5132000
CY2018Q4 wcn Daily Repurchase Of Shares Maximum
DailyRepurchaseOfSharesMaximum
71114
CY2018Q4 wcn Deferred Tax Assets Finance Costs
DeferredTaxAssetsFinanceCosts
2329000
CY2017Q4 wcn Deferred Tax Liabilities Investment In Subsidiaries
DeferredTaxLiabilitiesInvestmentInSubsidiaries
62676000
CY2017Q4 wcn Deferred Tax Liabilities Landfill Closure Post Closure
DeferredTaxLiabilitiesLandfillClosurePostClosure
7758000
CY2018Q4 wcn Deferred Tax Liabilities Investment In Subsidiaries
DeferredTaxLiabilitiesInvestmentInSubsidiaries
69383000
CY2018 wcn Multiemployer Plan Maximum Annual Contribution Percentage
MultiemployerPlanMaximumAnnualContributionPercentage
0.05
CY2018 wcn Number Of Collective Bargaining Agreements Expired Or Set To Expire
NumberOfCollectiveBargainingAgreementsExpiredOrSetToExpire
30
CY2018 wcn Number Of Contracts Or Customers
NumberOfContractsOrCustomers
0
CY2018Q4 wcn Deferred Tax Liabilities Landfill Closure Post Closure
DeferredTaxLiabilitiesLandfillClosurePostClosure
8892000
CY2018 wcn Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsAmount
254000
CY2017 wcn Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
0.123
CY2018 wcn Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
0.009
CY2014Q4 wcn Estimated Clean Up Costs
EstimatedCleanUpCosts
342000000
CY2017 wcn Exercise Of Stock Options And Warrants
ExerciseOfStockOptionsAndWarrants
1946000
CY2016Q4 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets And Liabilities Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesValue
-264000
CY2017Q4 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets And Liabilities Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAndLiabilitiesValue
3880000
CY2017 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Contingent Consideration Recorded At Acquisition Date
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityContingentConsiderationRecordedAtAcquisitionDate
2885000
CY2018 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Contingent Consideration Recorded At Acquisition Date
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityContingentConsiderationRecordedAtAcquisitionDate
11669000
CY2017 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Interest Accretion Expense
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityInterestAccretionExpense
1746000
CY2018 wcn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Interest Accretion Expense
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityInterestAccretionExpense
1756000
CY2016 wcn Fair Value Of Acquired Assets
FairValueOfAcquiredAssets
6018666000
CY2017 wcn Fair Value Of Acquired Assets
FairValueOfAcquiredAssets
635361000
CY2018 wcn Fair Value Of Acquired Assets
FairValueOfAcquiredAssets
1100880000
CY2018 wcn Forecasts Period Used For Discounted Cash Flow Analyses
ForecastsPeriodUsedForDiscountedCashFlowAnalyses
P10Y
CY2017 wcn Goodwill Net Adjustment Related To Sale Of Business Unit
GoodwillNetAdjustmentRelatedToSaleOfBusinessUnit
2526000
CY2018 wcn Goodwill Net Adjustment Related To Sale Of Business Unit
GoodwillNetAdjustmentRelatedToSaleOfBusinessUnit
10181000
CY2016 wcn Impairments And Other Operating Charges
ImpairmentsAndOtherOperatingCharges
27678000
CY2017 wcn Impairments And Other Operating Charges
ImpairmentsAndOtherOperatingCharges
156493000
CY2018 wcn Impairments And Other Operating Charges
ImpairmentsAndOtherOperatingCharges
20118000
CY2018 wcn Increase Reduction To Tax Expense Geographical Apportionment And Or Change In State Income Tax Rates
IncreaseReductionToTaxExpenseGeographicalApportionmentAndOrChangeInStateIncomeTaxRates
-3057000
CY2017Q4 wcn Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
260729000
CY2018Q4 wcn Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
260729000
CY2017 wcn Inflation Rate For Purposes Of Computing Layers For Final Capping Closure And Post Closure Obligations
InflationRateForPurposesOfComputingLayersForFinalCappingClosureAndPostClosureObligations
0.025
CY2018 wcn Inflation Rate For Purposes Of Computing Layers For Final Capping Closure And Post Closure Obligations
InflationRateForPurposesOfComputingLayersForFinalCappingClosureAndPostClosureObligations
0.025
CY2017Q4 wcn Intangible Assets Gross Exclusive Of Goodwill
IntangibleAssetsGrossExclusiveOfGoodwill
1465689000
CY2018Q4 wcn Intangible Assets Gross Exclusive Of Goodwill
IntangibleAssetsGrossExclusiveOfGoodwill
1606777000
CY2016 wcn Liabilities Assumed And Notes Payable Issued To Sellers Of Businesses Acquired
LiabilitiesAssumedAndNotesPayableIssuedToSellersOfBusinessesAcquired
2569142000
CY2017 wcn Liabilities Assumed And Notes Payable Issued To Sellers Of Businesses Acquired
LiabilitiesAssumedAndNotesPayableIssuedToSellersOfBusinessesAcquired
143569000
CY2018 wcn Liabilities Assumed And Notes Payable Issued To Sellers Of Businesses Acquired
LiabilitiesAssumedAndNotesPayableIssuedToSellersOfBusinessesAcquired
279296000
CY2018 wcn Life Of Companys Owned Landfills And Landfills Operated Under Life Of Site Operating Agreements Max Range
LifeOfCompanysOwnedLandfillsAndLandfillsOperatedUnderLifeOfSiteOperatingAgreementsMaxRange
P157Y
CY2018 wcn Life Of Companys Owned Landfills And Landfills Operated Under Life Of Site Operating Agreements Min Range
LifeOfCompanysOwnedLandfillsAndLandfillsOperatedUnderLifeOfSiteOperatingAgreementsMinRange
P1Y
CY2017Q4 wcn Maximum Range Of Doe Index Curve Used In Dcf Model
MaximumRangeOfDoeIndexCurveUsedInDcfModel
3.00
CY2017Q4 wcn Minimum Range Of Doe Index Curve Used In Dcf Model
MinimumRangeOfDoeIndexCurveUsedInDcfModel
2.95
CY2018Q4 wcn Number Of Fuel Hedge Agreements
NumberOfFuelHedgeAgreements
0
CY2017 wcn Number Of Individual Businesses Acquired That Are Not Specifically Described
NumberOfIndividualBusinessesAcquiredThatAreNotSpecificallyDescribed
13
CY2018 wcn Number Of Individual Businesses Acquired That Are Not Specifically Described
NumberOfIndividualBusinessesAcquiredThatAreNotSpecificallyDescribed
19
CY2018 wcn Number Of Multiemployer Pension Plans
NumberOfMultiemployerPensionPlans
11
CY2017Q4 wcn Outstanding Amount Of Financial Surety Bonds
OutstandingAmountOfFinancialSuretyBonds
410280000
CY2018Q4 wcn Outstanding Amount Of Financial Surety Bonds
OutstandingAmountOfFinancialSuretyBonds
381770000
CY2016 wcn Payment Of Contingent Consideration Recorded At Acquisition Date
PaymentOfContingentConsiderationRecordedAtAcquisitionDate
16322000
CY2017 wcn Payment Of Contingent Consideration Recorded At Acquisition Date
PaymentOfContingentConsiderationRecordedAtAcquisitionDate
17158000
CY2018 wcn Payment Of Contingent Consideration Recorded At Acquisition Date
PaymentOfContingentConsiderationRecordedAtAcquisitionDate
6127000
CY2016 wcn Payment Of Contingent Consideration Recorded In Earnings
PaymentOfContingentConsiderationRecordedInEarnings
493000
CY2017 wcn Payment Of Contingent Consideration Recorded In Earnings
PaymentOfContingentConsiderationRecordedInEarnings
10012000
CY2018 wcn Payment Of Contingent Consideration Recorded In Earnings
PaymentOfContingentConsiderationRecordedInEarnings
11000
CY2018 wcn Percentage Of Interest In Company That Issues Financial Surety Bonds
PercentageOfInterestInCompanyThatIssuesFinancialSuretyBonds
0.099
CY2018 wcn Perpetual Revenue Growth Rate
PerpetualRevenueGrowthRate
0.045
CY2018 wcn Registration Number
RegistrationNumber
85512-1
CY2016 wcn Segment Reporting Information Earnings Before Interest Taxes Depreciation And Amortization
SegmentReportingInformationEarningsBeforeInterestTaxesDepreciationAndAmortization
943888000
CY2017 wcn Segment Reporting Information Earnings Before Interest Taxes Depreciation And Amortization
SegmentReportingInformationEarningsBeforeInterestTaxesDepreciationAndAmortization
1416075000
CY2018 wcn Segment Reporting Information Earnings Before Interest Taxes Depreciation And Amortization
SegmentReportingInformationEarningsBeforeInterestTaxesDepreciationAndAmortization
1532849000
CY2017Q4 wcn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Number Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNumberOutstanding
137906
CY2018Q4 wcn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Number Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNumberOutstanding
268211
CY2017 wcn Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-269804000
CY2017Q4 wcn Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-269804000
CY2018 wcn Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
5572000
CY2017 wcn Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefit
62350000
CY2017Q4 wcn Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefit
62350000
CY2017 wcn Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Income Tax Expense Benefit Incomplete Accounting Provisional Amount
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpenseBenefitIncompleteAccountingProvisionalAmount
62350000
CY2018Q4 wcn Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
746000
CY2017Q4 wcn Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Incomplete Accounting Provisional Amount
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityIncompleteAccountingProvisionalAmount
1000000
CY2016 wcn Tax Withholdings Related To Net Share Settlements Of Equity Based Compensation Value
TaxWithholdingsRelatedToNetShareSettlementsOfEquityBasedCompensationValue
11497000
CY2017 wcn Tax Withholdings Related To Net Share Settlements Of Equity Based Compensation Value
TaxWithholdingsRelatedToNetShareSettlementsOfEquityBasedCompensationValue
13994000
CY2018 wcn Tax Withholdings Related To Net Share Settlements Of Equity Based Compensation Value
TaxWithholdingsRelatedToNetShareSettlementsOfEquityBasedCompensationValue
15032000
CY2017Q4 wcn Unrealized Cash Flow Hedge Losses Or Gains
UnrealizedCashFlowHedgeLossesOrGains
903000
CY2018Q4 wcn Unrecorded Unconditional Purchase Obligation Remaining Volume
UnrecordedUnconditionalPurchaseObligationRemainingVolume
37000000
CY2018Q4 wcn Weighted Average Cost Of Capital
WeightedAverageCostOfCapital
0.067
CY2017Q4 wcn Weighted Average Of Doe Index Curve Used In Dcf Model
WeightedAverageOfDoeIndexCurveUsedInDcfModel
2.96

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