Waste Connections (NYSE:WCN) Other Current Assets

: $186 Mil (As of Mar. 2023)

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Waste Connections's other current assets for the quarter that ended in Mar. 2023 was $186 Mil.

Waste Connections's quarterly other current assets declined from Sep. 2022 ($219 Mil) to Dec. 2022 ($107 Mil) but then increased from Dec. 2022 ($107 Mil) to Mar. 2023 ($186Mil).

Waste Connections's annual other current assets declined from Dec. 2020 ($74 Mil) to Dec. 2021 ($70 Mil) increased from Dec. 2021 ($70 Mil) to Dec. 2022 ($107 Mil).

Waste Connections Other Current Assets Historical Data

The historical data trend for Waste Connections's Other Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Waste Connections Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Other Current Assets

164.05

141.05

73.92

70.16

106.90

Waste Connections Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Other Current Assets																293.63	242.05	219.20	106.90	185.72

Waste Connections Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

Waste Connections Other Current Assets Related Terms

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Waste Connections (NYSE:WCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Waste Connections Inc (NYSE:WCN) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

WCN:Mexico UI51:Germany WCN:Canada

Address

6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3

Website

https://www.wasteconnections.com

Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 97 active landfills (12 are exploration and production waste landfills and 14 are nonmunicipal waste landfills), 142 transfer stations, and 71 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2021, 14% of consolidated revenue was generated from the firm's Canadian segment.

Executives

Andrea E. Bertone	director	C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101
Robert Michael Cloninger	officer: SR VP, Deputy General Counsel	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Susan Netherton	officer: VP People, Training & Devlpmnt	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Jason Craft	officer: Sr Vice President-Operations	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Elise Lipman Jordan	director	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Eric Hansen	officer: Senior Vice President and CIO	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Mary Anne Whitney	officer: Sr Vice President - Finance	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Michael W Harlan	director	C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea	officer: Sr. VP, General Counsel & Sec	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Matthew Stephen Black	officer: Sr. Vice President - Tax	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Edward E Guillet	director	C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Worthing Jackman	officer: EVP & CFO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Darrell W Chambliss	officer: EVP & COO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
David M Hall	officer: Sr. Vice President	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
James Little	officer: Sr. Vice President Engineering	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380