Casella Waste Systems (CWST) FY2020 results: revenue $775 million, up 4.2% on the year
Casella Waste Systems Inc. (CWST) reported revenue of $775 million for fiscal 2020, the year ended 31 December 2020, up 4.2% on the year before. Net income was $91 million, up 187.8%, and diluted earnings per share $1.86. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$775 million
+4.2% on the year
FY2015FY2020
Operating margin
7.7%
7.1% a year earlier
FY2015FY2020
Net income
$91 million
+187.8% on the year
FY2015FY2020
Diluted EPS
$1.86
+181.8% on the year
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
775
743
661
+4.2%
Cost of revenue
516
509
453
+1.4%
Gross profit
259
235
207
+10.4%
Gross margin
33.4%
31.6%
31.4%
Operating income
59.3
53.1
39.7
+11.7%
Operating margin
7.7%
7.1%
6.0%
Interest expense
22.4
25.1
26.3
-10.9%
Pre-tax income
38.3
29.8
6.0
+28.6%
Income tax
-52.8
-1.9
-0.4
Effective tax rate
-137.9%
-6.3%
-6.4%
Net income
91.1
31.7
6.4
+187.8%
Net margin
11.8%
4.3%
1.0%
Diluted EPS
$1.86
$0.66
$0.15
+181.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
140
117
121
+19.8%
Capital expenditure
108
103
73.2
+4.8%
Free cash flow
31.8
13.7
47.6
+132.8%
Free cash flow margin
4.1%
1.8%
7.2%
Cash from investing
-140
-177
-164
Cash from financing
151
60.1
45.4
+151.2%
Depreciation and amortisation
90.8
79.8
70.5
+13.8%
Share-based compensation
8.2
7.2
8.4
+13.8%
Diluted shares, weighted
49m
48m
44m
+2.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
362
123
-15.8
+195.0%
Debt
540
513
542
+5.1%
Operating lease liabilities
61.0
70.7
n/a
-13.8%
Other liabilities
231
225
206
+2.5%
Total liabilities and equity
1,194
932
732
+28.1%
Fixed assets
511
444
405
+15.0%
Goodwill
195
186
163
+4.9%
Intangible assets
58.3
58.7
34.8
-0.7%
Cash and equivalents
154
3.5
4.0
+4,346.6%
Receivables
74.2
80.2
74.9
-7.5%
Other assets
202
160
51.4
+25.9%
Total assets
1,194
932
732
+28.1%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.