Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 47

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 47
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| ​ | ​                             | ​ | ​ | 2021  |   |          |   | ​ | ​ | 2024  |   |          |   | ​ |
|:--|:------------------------------|:--|:--|:------|:--|---------:|:--|:--|:--|:------|:--|---------:|:--|:--|
| ​ | Adjusted EBITDA*              | ​ | ​ | ​     | $ |  1,919.2 | ​ | ​ | ​ | ​     | $ |  2,901.9 | ​ | ​ |
| ​ | Less: depreciation            | ​ | ​ | ​     | ​ |   -673.7 | ​ | ​ | ​ | ​     | ​ |   -974.0 | ​ | ​ |
| ​ | Less: taxes(2)                | ​ | ​ | ​     | ​ |   -247.3 | ​ | ​ | ​ | ​     | ​ |   -429.5 | ​ | ​ |
| ​ | Tax-affected EBITA            | ​ | ​ | ​     | ​ |    995.3 | ​ | ​ | ​ | ​     | ​ |  1,498.3 | ​ | ​ |
| ​ | Average total capital(3)      | ​ | ​ | ​     | $ | 11,291.0 | ​ | ​ | ​ | ​     | $ | 15,004.0 | ​ | ​ |
| ​ | Return on invested capital(4) | ​ | ​ | 8.82% |   |          |   | ​ | ​ | 9.99% |   |          |   | ​ |

* Non-GAAP measures, as reconciled in our Annual Reports on Form 10-K for the fiscal years ended December 31, 2021, and 2024. (1) Adjusted free cash flow per share measure defined as compound annual growth rate of adjusted free cash flow divided by total diluted shares outstanding during the three-year period ended December 31, 2024, as adjusted. (2) Reflects effective tax rates for the full years 2021 and 2024, respectively, as adjusted. (3) Average total capital defined during each period as the average outstanding debt less cash plus equity, adjusted to reflect the timing of incremental debt associated with acquisitions late in the year.