Covanta

Energy & Utilities energy efficiency recycling waste management

Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta’s modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle approximately 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today’s most complex environmental challenges.

Type

Public

Morristown, US

Founded

1983

Size (employees)

3,600 (est)-5%

Website

covanta.com

Covanta was founded in 1983 and is headquartered in Morristown, US

Covanta Office Locations

Covanta has offices in Morristown, Shanghai, Honolulu, Grand Rapids and in 27 other locations

Morristown, US (HQ)

445 South St

Shanghai, CN

2277 Long Yang Lu

Show all (31)

Covanta Data and Metrics

Covanta Financial Metrics

Covanta's revenue was reported to be $404 m in Q1, 2017

Summary

USD

Covanta's current market capitalization is $1.7 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	1.6 b	1.7 b	1.6 b	1.7 b
Revenue growth, %		3%	(2%)	3%
General and administrative expense				100 m
Operating expense total	1.4 b	1.5 b	1.5 b	1.6 b
EBIT	221 m	144 m	100 m	109 m
EBIT margin, %	14%	9%	6%	6%
Interest expense			125 m	139 m
Income tax expense			84 m	(22 m)
Net Income	(8 m)	(1 m)	69 m	(4 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	432 m	414 m	383 m	408 m	422 m	403 m	418 m	421 m	404 m
General and administrative expense	26 m	26 m	28 m	23 m	20 m	23 m	25 m	23 m	28 m
Operating expense total	26 m	26 m	28 m	23 m	20 m	23 m	25 m	23 m	28 m
EBIT	47 m	18 m	5 m	(20 m)	71 m	(14 m)	5 m	60 m	(23 m)
EBIT margin, %	11%	4%	1%	(5%)	17%	(3%)	1%	14%	(6%)
Interest expense	(33 m)	(30 m)	(33 m)	(28 m)	(31 m)	(34 m)	(34 m)	(35 m)	(36 m)
Income tax expense	(10 m)	16 m	(10 m)	40 m	(11 m)	10 m	(3 m)	(12 m)	11 m
Net Income	1 m	6 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	198 m	91 m	94 m	84 m
Accounts Receivable				15.7 m
Inventories	110 m	96 m	122 m	72 m
Current Assets	740 m	631 m	702 m	544 m
PP&E	2.6 b	2.7 b	2.7 b	3 b
Goodwill	249 m	274 m	301 m	302 m
Total Assets	4.4 b	4.2 b	4.3 b	4.3 b
Accounts Payable	24 m	34 m	90 m	98 m
Total Debt	2.1 b	2 b	2.3 b	2.3 b
Current Liabilities	859 m	389 m	371 m	418 m
Total Liabilities				3.8 b
Common Stock	14 m	14 m	14 m	14 m
Additional Paid-in Capital	790 m	805 m	801 m	807 m
Retained Earnings				(289 m)
Total Equity	911 m	784 m	640 m	469 m
Debt to Equity Ratio	2.3 x	2.5 x	3.6 x	4.8 x
Debt to Assets Ratio	0.5 x	0.5 x	0.5 x	0.5 x
Financial Leverage	4.8 x	5.4 x	6.7 x	9.1 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	172 m	87 m	67 m	66 m	69 m	106 m	108 m	113 m	444 m
Current Assets	660 m	639 m	630 m	746 m	728 m	634 m	608 m	547 m	853 m
PP&E	2.7 b	2.6 b	2.6 b	2.6 b	2.6 b	2.7 b	3 b	3 b	3.1 b
Goodwill	296 m	302 m	274 m	293 m	301 m	302 m	303 m	303 m	312 m
Total Assets	4.3 b	4.3 b	4.1 b	4.3 b	4.3 b	4.2 b	4.3 b	4.3 b	4.6 b
Accounts Payable	49 m	43 m	79 m	63 m	55 m	90 m	59 m	52 m	56 m
Current Liabilities	341 m	395 m	403 m	377 m	367 m	358 m	358 m	318 m	797 m
Common Stock	14 m	14 m	14 m	14 m	14 m	14 m	14 m	14 m	14 m
Additional Paid-in Capital	799 m	789 m	808 m	808 m	811 m	795 m	800 m	804 m	810 m
Retained Earnings			(130 m)	(169 m)	(169 m)	(223 m)	(285 m)	(264 m)	(366 m)
Total Equity	851 m	808 m	652 m	630 m	628 m	553 m	480 m	500 m
Financial Leverage	5.1 x	5.3 x	6.3 x	6.8 x	6.9 x	7.6 x	9 x	8.6 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(8 m)	(1 m)	69 m	(4 m)
Depreciation and Amortization	210 m	211 m	198 m	207 m
Accounts Payable	(12 m)	57 m	(8 m)	45 m
Cash From Operating Activities	316 m	341 m	249 m	282 m
Purchases of PP&E	(16 m)	(8 m)
Cash From Investing Activities	(258 m)	(232 m)	(448 m)	(254 m)
Long-term Borrowings	(3 m)	(557 m)	(196 m)	(4 m)
Cash From Financing Activities	(103 m)	(213 m)	208 m	(40 m)
Interest Paid	123 m	121 m	141 m	150 m

Ratios

USD	Y, 2017
Revenue/Employee	112.2 k

Covanta Market Value History

Covanta Job Categories

Market Position of Covanta

Competitors

China Recycling Energy Corporation

Energy & Utilities - Public

Republic Services

Energy & Utilities - Public

Simply Waste Solutions

Energy & Utilities - Private

Befesa

Energy & Utilities - Private

Compare competitors

Covanta

Covanta Office Locations

Covanta Data and Metrics

Covanta Financial Metrics

Summary

Revenue (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Income tax expense

Net Income

Revenue

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Total Debt

Current Liabilities

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Payable

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities

Long-term Borrowings

Cash From Financing Activities

Interest Paid

Ratios

Revenue/Employee

Covanta Market Value History

Covanta Job Categories

Market Position of Covanta

Competitors

Covanta Online and Social Media Presence

Covanta Company Life and Culture

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