Waste Historical Cash Flow
| WCN Stock | USD 176.26 1.82 1.02% |
Analysis of Waste Connections cash flow over time is an excellent tool to project Waste Connections future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Cash of 3.8 M or Stock Based Compensation of 74 M as it is a great indicator of Waste Connections ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Waste Connections latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Waste Connections is a good buy for the upcoming year.
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About Waste Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Waste balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Waste's non-liquid assets can be easily converted into cash.
Waste Connections Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Capital Expenditures
Capital Expenditures are funds used by Waste Connections to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Waste Connections operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Waste Connections' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Capital Expenditures is very stable compared to the past year. As of the 17th of December 2024, Total Cash From Operating Activities is likely to grow to about 2.2 B, though Other Cashflows From Financing Activities is likely to grow to (74.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Begin Period Cash Flow | 714.4M | 219.6M | 181.4M | 130.8M | End Period Cash Flow | 219.6M | 181.4M | 184.0M | 131.2M |
Waste Connections cash flow statement Correlations
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Waste Connections Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Waste Connections cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 19.3M | 291.2M | (494.8M) | (38.3M) | 2.7M | 3.8M | |
| Stock Based Compensation | 42.7M | 45.8M | 58.2M | 63.5M | 70.4M | 74.0M | |
| Free Cash Flow | 874.5M | 744.0M | 953.9M | 1.1B | 1.2B | 1.3B | |
| Change In Working Capital | 27.3M | (24.0M) | 19.0M | 72.8M | 12.8M | 13.4M | |
| Other Cashflows From Financing Activities | (27.4M) | 1.8B | 2.1B | 4.8B | (78.8M) | (74.8M) | |
| Depreciation | 743.9M | 752.4M | 813.0M | 919.0M | 1.0B | 1.1B | |
| Other Non Cash Items | 105.4M | 480.8M | 174.9M | 37.8M | 283.9M | 298.1M | |
| Capital Expenditures | 666.1M | 664.6M | 744.3M | 912.7M | 934M | 980.7M | |
| Total Cash From Operating Activities | 1.5B | 1.4B | 1.7B | 2.0B | 2.1B | 2.2B | |
| Net Income | 566.7M | 204.0M | 618.5M | 836.0M | 762.8M | 801.0M | |
| Total Cash From Financing Activities | (95.9M) | (78.2M) | (499.5M) | 1.0B | (554.4M) | (526.7M) | |
| End Period Cash Flow | 423.2M | 714.4M | 219.6M | 181.4M | 184.0M | 131.2M | |
| Begin Period Cash Flow | 404.0M | 423.2M | 714.4M | 219.6M | 181.4M | 130.8M | |
| Dividends Paid | 175.1M | 199.9M | 220.2M | 243.0M | 279.5M | 293.4M | |
| Other Cashflows From Investing Activities | (764.4M) | (449.0M) | (924.2M) | (2.2B) | 29.7M | 31.2M | |
| Change To Liabilities | 21.9M | (68.0M) | 50.2M | 131.8M | 151.6M | 159.2M | |
| Sale Purchase Of Stock | 1.6B | (105.7M) | (339.0M) | (425.0M) | 4.0 | 4.2 | |
| Change To Inventory | 41.1M | (14.9M) | 70.9M | (4.4M) | (5.0M) | (4.8M) | |
| Change To Account Receivables | (22.9M) | 46.8M | (54.7M) | (100.5M) | (21.0M) | (22.1M) | |
| Investments | (27.2M) | (1.0B) | (25M) | (3.1B) | (2.4B) | (2.3B) | |
| Net Borrowings | 96.6M | 262.6M | 89.6M | 1.7B | 2.0B | 2.1B | |
| Total Cashflows From Investing Activities | (1.4B) | (1.0B) | (1.7B) | (3.1B) | (2.8B) | (2.6B) | |
| Change To Operating Activities | (40.1M) | (24.0M) | 19.0M | (61.8M) | (55.6M) | (52.8M) | |
| Change To Netincome | 157.2M | 461.8M | 227.2M | 174.6M | 200.8M | 177.2M | |
| Change Receivables | (22.9M) | 46.8M | (54.7M) | (100.5M) | (90.5M) | (86.0M) | |
| Cash And Cash Equivalents Changes | 18.6M | 284.3M | (494.7M) | (36.2M) | (32.6M) | (31.0M) | |
| Cash Flows Other Operating | 52.4M | (13.1M) | 23.0M | 38.5M | 44.3M | 46.5M | |
| Issuance Of Capital Stock | 4.0M | 679K | 430K | 660K | 765K | 1.2M |
Pair Trading with Waste Connections
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
| 0.7 | FC | Franklin Covey | PairCorr |
| 0.62 | BCO | Brinks Company | PairCorr |
| 0.54 | VCIG | VCI Global Limited | PairCorr |
| 0.5 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.49 | MG | Mistras Group | PairCorr |
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.
The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.6 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.