CASELLA WASTE SYSTEMS INC Leases Disclosure
| Fiscal Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Lease cost: | |||||||||||
| Amortization of right-of-use assets | $ | 11,691 | $ | 9,216 | |||||||
| Interest expense | 3,605 | 2,594 | |||||||||
| Fixed lease cost - vehicles, equipment and property | 10,085 | 8,021 | |||||||||
| Fixed lease cost - landfill operating leases | 12,055 | 9,763 | |||||||||
| Fixed lease cost | 22,140 | 17,784 | |||||||||
| Short-term lease cost | 10,671 | 9,603 | |||||||||
| Variable lease cost | 792 | 780 | |||||||||
| Total lease cost | $ | 48,899 | $ | 39,977 | |||||||
| Other information: | |||||||||||
| Cash paid for amounts included in the measurement of lease liabilities: | |||||||||||
| Financing cash flows for finance leases | $ | 20,931 | $ | 12,071 | |||||||
| Operating cash flows for operating leases | $ | 14,041 | $ | 11,884 | |||||||
| Right-of-use assets obtained in exchange for new finance lease liabilities | $ | 45,311 | $ | 28,723 | |||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 24,221 | $ | 11,686 | |||||||
| December 31, 2025 | |||||||||||
| Weighted-average remaining lease term - finance leases (years) | 4.7 | ||||||||||
| Weighted-average remaining lease term - operating leases (years) | 10.1 | ||||||||||
| Weighted-average discount rate - finance leases | 4.7 | % | |||||||||
| Weighted-average discount rate - operating leases | 5.3 | % | |||||||||
| Operating Leases | Finance Leases | ||||||||||
| Fiscal year ending December 31, 2026 | $ | 15,852 | $ | 29,121 | |||||||
| Fiscal year ending December 31, 2027 | 15,069 | 17,722 | |||||||||
| Fiscal year ending December 31, 2028 | 11,595 | 16,454 | |||||||||
| Fiscal year ending December 31, 2029 | 10,685 | 14,219 | |||||||||
| Fiscal year ending December 31, 2030 | 7,939 | 12,299 | |||||||||
| Thereafter | 50,857 | 17,838 | |||||||||
| Total lease payments | 111,997 | 107,653 | |||||||||
Less: interest | (27,532) | (13,618) | |||||||||
| Lease liability balance | $ | 84,465 | $ | 94,035 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Mar 2, 2018 | |
| 2016 | Mar 2, 2017 | |
| 2015 | Mar 2, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.