Casella Waste Systems (CWST) FY2018 results: revenue $661 million, up 10.2% on the year
Casella Waste Systems Inc. (CWST) reported revenue of $661 million for fiscal 2018, the year ended 31 December 2018, up 10.2% on the year before. Net income was $6 million, and diluted earnings per share $0.15. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$661 million
+10.2% on the year
FY2015FY2018
Operating margin
6.0%
-2.1% a year earlier
FY2015FY2018
Net income
$6 million
FY2015FY2018
Diluted EPS
$0.15
FY2015FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
661
599
565
+10.2%
Cost of revenue
453
405
382
+11.9%
Gross profit
207
194
183
+6.8%
Gross margin
31.4%
32.4%
32.4%
Operating income
39.7
-12.6
44.9
Operating margin
6.0%
-2.1%
8.0%
Interest expense
26.3
25.2
38.9
+4.5%
Pre-tax income
6.0
-37.1
-6.4
Income tax
-0.4
-15.3
0.5
Effective tax rate
-6.4%
n/a
n/a
Net income
6.4
-21.8
-6.8
Net margin
1.0%
-3.6%
-1.2%
Diluted EPS
$0.15
-$0.52
-$0.17
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
121
108
80.4
+12.4%
Capital expenditure
73.2
64.9
54.2
+12.9%
Free cash flow
47.6
42.7
26.2
+11.5%
Free cash flow margin
7.2%
7.1%
4.6%
Cash from investing
-164
-76.4
-63.0
Cash from financing
45.4
-31.6
-18.6
Depreciation and amortisation
70.5
62.1
61.9
+13.5%
Share-based compensation
8.4
6.4
3.4
+31.3%
Diluted shares, weighted
44m
42m
41m
+5.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-15.8
-37.9
-24.5
Non-controlling interest
n/a
0.0
-0.0
Debt
542
483
509
+12.3%
Other liabilities
206
170
147
+21.1%
Total liabilities and equity
732
615
632
+19.1%
Fixed assets
405
362
398
+11.9%
Goodwill
163
123
120
+32.7%
Intangible assets
34.8
8.1
7.7
+326.6%
Cash and equivalents
4.0
2.0
2.5
+100.9%
Receivables
74.9
66.0
61.2
+13.6%
Other assets
51.4
54.7
41.7
-6.1%
Total assets
732
615
632
+19.1%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.