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Waste Connections WCN Finance Lease Liabilities

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$2.6B+6.4%
Gross profit$1.1B+6.7%
Operating income$437.6M-4.8%
Net income$296.4M+2.1%
EPS (diluted)$1.17+4.5%

Balance sheet

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Cash & equivalents$98.2M-10.9%
Total debt$9.6B+10.8%
Total equity$8.2B+4.9%
Total assets$21.4B+3.5%

Cash flow

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Operating cash flow$733.3M+14.9%
CapEx$302.4M+6.0%
Free cash flow$430.9M+22.1%

Valuation

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Market cap$42.19B-12.5%
Enterprise value$51.71B-9.0%
P/E39.8×
P/S4.3×-0.9×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%
FCF margin12.6%+0.3pp

Returns & leverage

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Return on equity13.4%
Debt / equity1.1×0.0×
Current ratio0.7×0.0×

Where this comes from

Reported directly by Waste Connections in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The source filing: Waste Connections’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086006
Line itemJune 30, 2026December 31, 2025
3.05% Senior Notes due 2050500,000500,000
2.95% Senior Notes due 2052850,000850,000
Notes payable to sellers and other third parties, bearing interest ranging from 2.42% to 10.35%, principal and interest payments due periodically with due dates ranging from 2028 to 2044 (a)22,56626,420
Finance leases, bearing interest ranging from 1.89% to 5.35%, with lease expiration dates ranging from 2026 to 2035 (a)14,87415,973
9,364,2848,888,839
Less – current portion(8,094)(8,667)
Less – unamortized debt discount and issuance costs(72,380)(69,068)
Long-term portion of debt and notes payable$9,283,810$8,811,104

Item 1. Financial Statements

FAQ

What is Waste Connections's finance lease liabilities?
Waste Connections (WCN) reported finance lease liabilities of $14.87M in Q2 2026.
How has Waste Connections's finance lease liabilities changed year-over-year?
Waste Connections's finance lease liabilities decreased by 7.3% year-over-year, from $16.05M to $14.87M.
What is the long-term trend for Waste Connections's finance lease liabilities?
Over 5 years (2020 to 2025), Waste Connections's finance lease liabilities has grown at a 29.7% compound annual growth rate (CAGR), from $3.1M to $11.39M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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