Waste Connections Quarterly Cash Flow Statement
NYSE: WCNUtilitiesEnvironmental ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Waste Connections free cash flow
In the quarter ended Jun 30, 2026, Waste Connections generated $733.3 million of operating cash flow and spent $302.4 million on capital expenditures. That left free cash flow of $430.9 million, a free-cash-flow margin of 16.8% of revenue. Free cash flow was up 22.1% from the prior year's $352.9 million.
Waste Connections returned $418.9 million to shareholders: $88.4 million in dividends and $330.5 million in share repurchases, equal to 97% of free cash flow. Free cash flow covered dividend payments 4.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Waste Connections cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 296.40M | 219.34M | 258.50M | 286.27M | 290.28M | 241.51M | -196.00M | 308.05M | 275.40M | 229.13M | 126.63M | 229.19M |
| Net Income growth (YoY) | +2.11% | -9.18% | — | -7.07% | +5.40% | +5.40% | -254.79% | +34.41% | +31.66% | +15.82% | -34.83% | -3.35% |
| Depreciation & Amortization | 325.88M | 314.75M | 319.17M | 315.33M | 307.66M | 289.95M | 321.79M | 293.64M | 285.35M | 262.98M | 213.29M | 214.97M |
| Stock-Based Compensation | 23.95M | 17.59M | 19.02M | 18.48M | 18.52M | 23.44M | 16.66M | 20.42M | 18.86M | 21.95M | 14.33M | 14.64M |
| Change in Working Capital | 8.14M | -139.58M | — | -53.39M | -51.70M | -72.03M | — | -76.72M | 2.65M | -75.76M | — | -10.10M |
| Operating Cash Flow | 733.29M | 545.60M | 556.88M | 677.45M | 638.20M | 541.54M | 568.93M | 558.31M | 611.38M | 490.31M | 555.94M | 554.16M |
| Capital Expenditures | -302.35M | -296.60M | -384.29M | -297.17M | -285.31M | -212.46M | -396.69M | -272.13M | -217.22M | -169.95M | -318.45M | -221.41M |
| Investing Cash Flow | -606.25M | -355.70M | -589.33M | -413.94M | -416.76M | -603.21M | -513.37M | -851.71M | -459.52M | -1.33B | -395.47M | -580.99M |
| Dividends Paid | -88.36M | -88.75M | -89.86M | -81.00M | -81.47M | -81.48M | -81.00M | -73.98M | -73.70M | -73.57M | -73.79M | -65.67M |
| Share Repurchases | -330.55M | -283.96M | -63.34M | -441.79M | -389.00K | 0 | 0 | 0 | — | — | — | — |
| Debt Issued | 547.38M | 1.16B | 452.12M | 608.64M | 830.69M | 782.90M | 472.30M | 951.52M | 787.63M | 2.35B | 576.21M | 704.13M |
| Debt Repaid | -332.48M | -843.90M | -321.37M | -319.81M | -947.05M | -541.74M | -485.74M | -524.68M | -884.07M | -1.35B | -668.74M | -615.36M |
| Financing Cash Flow | -186.39M | -96.14M | -28.55M | -239.01M | -205.86M | 113.38M | -95.41M | 338.48M | -176.60M | 878.48M | -177.87M | 22.74M |
| Net Change in Cash | -61.07M | 93.07M | -61.01M | 23.11M | 18.02M | 51.27M | -40.34M | 46.10M | -25.26M | 33.63M | -14.99M | -5.30M |
| Free Cash Flow | 430.94M | 249.00M | 172.59M | 380.28M | 352.89M | 329.08M | 172.24M | 286.18M | 394.16M | 320.36M | 237.50M | 332.75M |
This table shows 12 quarterly periods of Waste Connections's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow WCN's reporting calendar. What is a cash flow statement?