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GFL Environmental Inc. (GFL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   6-KSourceSource6-K
Revenues:  
    Infrastructure and soil remediation   519.5527.3 
    Solid waste   4,403.63,255.1 
    Other   -4,923.1-3,782.4 
Total revenues  6,761.30.00.03,346.9
            Revenue growth   [+]31.6% -100.0% 
Cost of goods sold  0.00.00.00.0
Gross profit  6,761.30.00.03,346.9
            Gross margin  100.0%  100.0%
Selling, general and administrative  730.4153.3 396.5
Other operating expenses  5,896.2-306.6 3,075.1
EBITDA   [+]1,660.2  674.7
            EBITDA margin  24.6%  20.2%
Depreciation  1,008.7  465.3
EBITA  651.5153.30.0209.4
            EBITA margin  9.6%  6.3%
Amortization of intangibles  516.8  334.1
EBIT   [+]134.7153.30.0-124.7
            EBIT margin  2.0%  -3.7%
Non-recurring items   [+]4.7153.3 1.2
Interest expense  489.3434.1597.6532.2
Other income (expense), net   [+] 434.1597.648.9
Pre-tax income  -359.30.00.0-609.2
Income taxes  -48.20.00.0-157.5
            Tax rate  13.4%  25.9%
Minority interest  0.7   
Earnings from continuing ops  -183.9  -451.7
Earnings from discontinued ops  -127.9   
Net income  -311.80.00.0-451.7
            Net margin  -4.6%  -13.5%
   
Basic EPS   [+]($0.64)   
Diluted EPS   [+]($0.64)   
   
Shares outstanding (basic)   [+]288.7   
Shares outstanding (diluted)   [+]288.7   
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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