Company: WCN
Filing Date: 2025-05-30
Form Type: 424B5
Source: 0001104659-25-054854
Chunk: 13

Company: Waste Connections, Inc.
Filing Date: 2025-05-30
Form: 424B5
Chunk 13
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controlling interests, plus income tax provision, plus interest expense, less interest income, plus depreciation and amortization expense, plus closure and post-closure accretion expense, plus or minus any loss or gain on impairments and other operating items, plus other expense, less other income, plus loss on early extinguishment of debt. We further adjust this calculation to exclude the effects of other items management believes impact the ability to assess the operating performance of our business. This measure is not a substitute for, and should be used in conjunction with, GAAP financial measures. Other companies may calculate Adjusted EBITDA differently. Our Adjusted EBITDA for the three months ended March 31, 2025 and 2024 and for the years ended December 31, 2024, 2023 and 2022, are calculated as follows:

| ​                                                                       
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 ​ 
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 ​ 
 ​ | Three MonthsEnded March 31,    
 2025                           
 (in thousands of U.S. dollars) |   |         |   | ​ | ​ | 2024 |   |         |   | ​ 
 ​ | ​ 
 ​ | Years EndedDecember 31, 
 2024                    |   |           |   | ​ | ​ | 2023 |   |           |   | ​ | ​ | 2022 |   |         |   | ​ 
 ​ 
 ​ |
|:------------------------------------------------------------------------|:--|:--|:-------------------------------|:--|--------:|:--|:--|:--|:-----|:--|--------:|:--|:--|:--|:------------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|:--|:-----|:--|--------:|:--|:--|
| Net income attributable to Waste Connections                            | ​ | ​ | ​                              | $ | 241,510 | ​ | ​ | ​ | ​    | $ | 230,054 | ​ | ​ | ​ | ​                       | $ |   617,573 | ​ | ​ | ​ | ​    | $ |   762,800 | ​ | ​ | ​ | ​    | $ | 835,662 | ​ | ​ |
| Plus (less): Net income (loss) attributable to noncontrolling interests | ​ | ​ | ​