undamentalytics Newsletter
Sign in

Waste Connections, Inc. cash flow statement

In fiscal 2025, Waste Connections, Inc.'s operations generated $2.41bn of cash; it spent $1.18bn on capital projects, leaving free cash flow of $1.23bn. It returned $334m in dividends and $506m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations2943963374514005777951,1871,4111,5411,4091,6982,0222,1272,2292,4142,528
Depreciation and amortisation2082572742962582694646326807447528139191,0031,1641,2321,299
Stock-based pay————18204539444346586370787981
Capital spending981121802081831983454795466345977449139341,0561,1791,278
Free cash flow1962831562432173794517088659068119541,1101,1931,1731,2351,250
Free cash flow after stock pay————1983594066698218637668961,0461,1221,0951,1551,168
Dividends paid49616364635693132153175200220243271302334355
Share buybacks—79660791——59—106339425005061,008
Shares issued−0000——201134101120−0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: ABM vs WCNCLH vs WCNVLTO vs WCNRSG vs WCN

More: Environmental & Facilities Services stocks compared, Industrials sector, rankings of US companies

Figures from Waste Connections, Inc.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Waste Connections, Inc.