$GFL
GFL Environmental Inc.
CIK:0001780232|SEC Filings
Consolidated Statements of Cash Flows - CAD ($) $ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
||||
| Operating activities | |||||
| Net income (loss) | $ 3,813.4 | $ (737.7) | [1] | ||
| Adjustments for non-cash items | |||||
| Depreciation of property and equipment | 1,053.9 | 1,126.7 | |||
| Amortization of intangible assets | 262.2 | 441.1 | |||
| Share of net loss (income) of investments accounted for using the equity method | 39.0 | (18.2) | [1] | ||
| Loss (gain) on divestitures | (4,352.8) | 481.8 | |||
| Other | (181.8) | (27.0) | |||
| Interest and other finance costs | 596.8 | 674.9 | |||
| Share-based payments | 151.5 | 104.7 | |||
| (Gain) loss on unrealized foreign exchange | (257.1) | 292.3 | |||
| Gain on sale of property and equipment | (89.9) | (2.2) | |||
| Change in value on Call Option | 60.0 | 0.0 | |||
| Current income tax expense | 28.6 | 25.4 | |||
| Deferred tax recovery | 778.9 | (232.5) | |||
| Interest paid in cash | (449.2) | (490.4) | |||
| Income taxes paid in cash, net | (34.3) | (43.8) | |||
| Changes in non-cash working capital items | (57.8) | (17.9) | |||
| Landfill closure and post-closure expenditures | (45.4) | (37.0) | |||
| Cash flows from (used in) operating activities | 1,316.0 | 1,540.2 | |||
| Investing activities | |||||
| Purchase of property and equipment | (1,141.4) | (1,193.0) | |||
| Proceeds from disposal of assets and other | 58.4 | 61.3 | |||
| Proceeds from divestitures | 5,811.8 | 86.0 | |||
| Business acquisitions and investments, net of cash acquired | (983.2) | (649.5) | |||
| Distribution received from associates and joint ventures | 212.9 | 10.8 | |||
| Cash flows from (used in) investing activities | 3,958.5 | (1,684.4) | |||
| Financing activities | |||||
| Repayment of lease obligations | (115.0) | (103.8) | |||
| Issuance of long-term debt | 2,633.2 | 3,240.5 | |||
| Repayment of long-term debt | (4,818.9) | (2,906.3) | |||
| Proceeds from termination of hedged arrangements | 28.0 | 0.0 | |||
| Payment for termination of hedged arrangements | (2.2) | (7.5) | |||
| Payment of contingent purchase consideration and holdbacks | (5.3) | (30.0) | |||
| Repurchase of subordinate voting shares | (2,967.4) | 0.0 | |||
| Dividends issued and paid | (31.1) | (28.2) | |||
| Payment of financing costs | (5.9) | (25.1) | |||
| Repayment of loan to related party | (2.9) | (5.8) | |||
| Distribution to non-controlling interest | (56.4) | 0.0 | |||
| Contribution from non-controlling interests | 27.1 | 29.4 | |||
| Cash flows from (used in) financing activities | (5,316.8) | 163.2 | |||
| (Decrease) increase in cash | (42.3) | 19.0 | |||
| Changes due to foreign exchange revaluation of cash | (5.9) | (20.9) | |||
| Cash, beginning of year | 133.8 | 135.7 | |||
| Cash, end of year | $ 85.6 | $ 133.8 | |||
| |||||
Consolidated Statements of Financial Position - CAD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets | ||
| Cash | $ 85.6 | $ 133.8 |
| Trade and other receivables, net | 802.0 | 1,175.1 |
| Income taxes recoverable | 96.0 | 86.0 |
| Prepaid expenses and other assets | 180.6 | 300.7 |
| Current assets | 1,164.2 | 1,695.6 |
| Property and equipment, net | 7,324.3 | 7,851.7 |
| Intangible assets, net | 1,757.0 | 2,833.2 |
| Investments accounted for using the equity method | 1,898.0 | 344.4 |
| Other long-term assets | 256.8 | 207.4 |
| Deferred income tax assets | 0.0 | 209.3 |
| Goodwill | 6,894.9 | 8,065.8 |
| Non-current assets | 18,131.0 | 19,511.8 |
| Total assets | 19,295.2 | 21,207.4 |
| Liabilities | ||
| Accounts payable and accrued liabilities | 1,888.3 | 1,880.2 |
| Income taxes payable | 5.7 | 0.0 |
| Long-term debt | 0.0 | 1,146.5 |
| Lease obligations | 59.9 | 69.4 |
| Due to related party | 0.0 | 2.9 |
| Landfill closure and post-closure obligations | 44.0 | 51.7 |
| Current liabilities | 1,997.9 | 3,150.7 |
| Long-term debt | 7,422.6 | 8,853.0 |
| Lease obligations | 450.6 | 477.2 |
| Other long-term liabilities | 34.5 | 41.6 |
| Deferred income tax liabilities | 777.7 | 464.5 |
| Landfill closure and post-closure obligations | 1,126.5 | 998.7 |
| Non-current liabilities | 9,811.9 | 10,835.0 |
| Total liabilities | 11,809.8 | 13,985.7 |
| Shareholders' equity | ||
| Share capital | 7,008.4 | 9,938.0 |
| Contributed surplus | 205.7 | 151.3 |
| Retained earnings (deficit) | 229.5 | (3,573.5) |
| Accumulated other comprehensive (loss) income | (140.8) | 462.6 |
| Total GFL Environmental Inc.'s shareholders' equity | 7,302.8 | 6,978.4 |
| Non-controlling interests | 182.6 | 243.3 |
| Total shareholders' equity | 7,485.4 | 7,221.7 |
| Total liabilities and shareholders' equity | $ 19,295.2 | $ 21,207.4 |