$1.9 B

CVA Mkt cap, 17-Dec-2018

$456 M

Covanta Revenue Q3, 2018
Covanta Net income (Q3, 2018)-27 M
Covanta EBIT (Q3, 2018)2 M
Covanta Cash, 30-Sep-201851 M
Covanta EV4.2 B

Covanta Revenue Breakdown

Embed Graph

Covanta revenue breakdown by geographic segment: 98.2% from North America and 1.8% from Other

Covanta Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.6b1.7b1.6b1.7b1.8b

Revenue growth, %

3%(2%)3%3%

Cost of goods sold

1.2b1.3b1.3b

Gross profit

443.0m436.0m430.0m

Gross profit Margin, %

27%26%25%

General and administrative expense

93.0m100.0m112.0m

Operating expense total

136.0m120.0m114.0m

Depreciation and amortization

198.0m207.0m215.0m

EBIT

221.0m144.0m109.0m109.0m101.0m

EBIT margin, %

14%9%7%6%6%

Interest expense

134.0m138.0m147.0m

Pre tax profit

(28.0m)14.0m(135.0m)

Income tax expense

(84.0m)22.0m(191.0m)

Net Income

(8.0m)(1.0m)69.0m(4.0m)57.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

427.0m401.0m432.0m414.0m383.0m408.0m422.0m403.0m418.0m421.0m404.0m424.0m429.0m458.0m912.0m456.0m

General and administrative expense

22.0m21.0m26.0m26.0m28.0m23.0m20.0m23.0m25.0m23.0m28.0m30.0m31.0m58.0m27.0m

Operating expense total

347.0m386.0m385.0m396.0m378.0m428.0m351.0m417.0m413.0m361.0m427.0m30.0m383.0m438.0m910.0m454.0m

EBIT

80.0m15.0m47.0m18.0m5.0m(20.0m)71.0m(14.0m)5.0m60.0m(23.0m)20.0m46.0m20.0m2.0m2.0m

EBIT margin, %

19%4%11%4%1%(5%)17%(3%)1%14%(6%)5%11%4%0%0%

Interest expense

30.0m29.0m33.0m30.0m33.0m28.0m31.0m34.0m34.0m35.0m36.0m35.0m35.0m38.0m74.0m37.0m

Income tax expense

(19.0m)14.0m(10.0m)16.0m(10.0m)40.0m(11.0m)10.0m(3.0m)(12.0m)11.0m(8.0m)2.0m9.0m31.0m3.0m

Net Income

28.0m(9.0m)1.0m6.0m15.0m201.0m170.0m(27.0m)

Covanta Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

198.0m91.0m94.0m84.0m46.0m

Accounts Receivable

332.0m341.0m

Prepaid Expenses

72.0m73.0m

Inventories

110.0m96.0m122.0m

Current Assets

740.0m631.0m702.0m544.0m1.2b

PP&E

2.6b2.7b2.7b3.0b2.6b

Goodwill

249.0m274.0m301.0m302.0m313.0m

Total Assets

4.4b4.2b4.3b4.3b4.4b

Accounts Payable

24.0m34.0m90.0m98.0m151.0m

Short-term debt

528.0m5.0m8.0m9.0m10.0m

Current Liabilities

859.0m389.0m371.0m418.0m1.0b

Long-term debt

1.6b2.0b2.3b2.2b2.3b

Total Debt

2.1b2.0b2.3b2.3b2.3b

Total Liabilities

3.8b4.0b

Common Stock

14.0m14.0m14.0m14.0m14.0m

Preferred Stock

Additional Paid-in Capital

790.0m805.0m801.0m807.0m822.0m

Retained Earnings

(289.0m)(353.0m)

Total Equity

911.0m784.0m640.0m469.0m427.0m

Debt to Equity Ratio

2.3 x2.5 x3.6 x4.8 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x

Financial Leverage

4.8 x5.4 x6.7 x9.1 x10.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

252.0m389.0m172.0m87.0m67.0m66.0m69.0m106.0m108.0m113.0m444.0m48.0m37.0m51.0m39.0m51.0m

Accounts Receivable

318.0m324.0m316.0m

Current Assets

910.0m937.0m660.0m639.0m630.0m746.0m728.0m634.0m608.0m547.0m853.0m477.0m511.0m475.0m465.0m469.0m

PP&E

2.6b2.7b2.7b2.6b2.6b2.6b2.6b2.7b3.0b3.0b3.1b3.1b3.2b2.6b2.6b2.5b

Goodwill

249.0m249.0m296.0m302.0m274.0m293.0m301.0m302.0m303.0m303.0m312.0m312.0m313.0m313.0m312.0m321.0m

Total Assets

4.6b4.6b4.3b4.3b4.1b4.3b4.3b4.2b4.3b4.3b4.6b4.3b4.4b3.9b3.8b3.8b

Accounts Payable

34.0m64.0m49.0m43.0m79.0m63.0m55.0m90.0m59.0m52.0m56.0m54.0m64.0m75.0m64.0m54.0m

Short-term debt

618.0m535.0m2.0m4.0m6.0m5.0m5.0m9.0m9.0m9.0m406.0m10.0m10.0m10.0m10.0m15.0m

Current Liabilities

1.0b920.0m341.0m395.0m403.0m377.0m367.0m358.0m358.0m318.0m797.0m378.0m421.0m370.0m388.0m390.0m

Long-term debt

1.6b1.8b2.0b2.0b2.0b2.2b2.2b2.3b2.4b2.3b2.3b2.4b2.4b2.3b2.3b2.3b

Total Debt

2.2b2.3b2.0b2.0b2.0b2.2b2.2b2.3b2.4b2.3b2.7b2.4b2.4b2.3b2.3b2.3b

Total Liabilities

3.7b3.7b3.5b3.5b3.5b3.6b3.7b3.6b3.8b3.8b4.2b4.0b4.0b3.3b3.3b3.3b

Common Stock

14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m14.0m

Preferred Stock

Additional Paid-in Capital

788.0m791.0m799.0m789.0m808.0m808.0m811.0m795.0m800.0m804.0m810.0m816.0m821.0m828.0m833.0m837.0m

Retained Earnings

(130.0m)(169.0m)(169.0m)(223.0m)(285.0m)(264.0m)(366.0m)(436.0m)(455.0m)(185.0m)(249.0m)(310.0m)

Total Equity

907.0m873.0m851.0m808.0m652.0m630.0m628.0m553.0m480.0m500.0m645.0m571.0m505.0m

Debt to Equity Ratio

2.4 x2.6 x2.4 x2.5 x3.1 x3.5 x3.5 x4.2 x5 x4.6 x3.5 x4 x4.6 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.6 x0.6 x0.5 x0.6 x0.6 x0.5 x0.6 x0.6 x0.6 x

Financial Leverage

5 x5.2 x5.1 x5.3 x6.3 x6.8 x6.9 x7.6 x9 x8.6 x6.1 x6.7 x7.5 x

Covanta Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(8.0m)(1.0m)69.0m(4.0m)57.0m

Depreciation and Amortization

210.0m211.0m198.0m207.0m215.0m

Accounts Receivable

(12.0m)(19.0m)(27.0m)

Inventories

Accounts Payable

(12.0m)57.0m(8.0m)45.0m59.0m

Cash From Operating Activities

316.0m341.0m254.0m282.0m243.0m

Purchases of PP&E

(16.0m)(8.0m)(376.0m)(359.0m)(277.0m)

Cash From Investing Activities

(258.0m)(232.0m)(448.0m)(254.0m)(289.0m)

Short-term Borrowings

(692.0m)(749.0m)(850.0m)

Long-term Borrowings

(3.0m)(557.0m)(196.0m)(4.0m)(415.0m)

Dividends Paid

(133.0m)(131.0m)(131.0m)

Cash From Financing Activities

(103.0m)(213.0m)203.0m(44.0m)3.0m

Net Change in Cash

5.0m(12.0m)(38.0m)

Interest Paid

123.0m121.0m141.0m150.0m149.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

28.0m(9.0m)1.0m6.0m(43.0m)(9.0m)(37.0m)(66.0m)(12.0m)(52.0m)(89.0m)(74.0m)201.0m170.0m

Depreciation and Amortization

52.0m53.0m53.0m52.0m48.0m98.0m148.0m52.0m103.0m155.0m52.0m104.0m155.0m54.0m109.0m

Accounts Payable

63.0m55.0m90.0m59.0m52.0m56.0m

Cash From Operating Activities

31.0m154.0m31.0m58.0m146.0m10.0m26.0m114.0m3.0m63.0m

Cash From Investing Activities

(254.0m)(401.0m)(95.0m)(191.0m)(178.0m)(77.0m)(166.0m)(235.0m)26.0m(23.0m)

Long-term Borrowings

(163.0m)(196.0m)1.0m(2.0m)(1.0m)(412.0m)(413.0m)(1.0m)(3.0m)

Cash From Financing Activities

206.0m231.0m72.0m143.0m48.0m426.0m101.0m70.0m(110.0m)(136.0m)

Covanta Ratios

USDY, 2018

EV/EBIT

2.1 k x

EV/CFO

66.7 x

Debt/Equity

4.6 x

Debt/Assets

0.6 x

Financial Leverage

7.5 x
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Covanta Employee Rating

3.3130 votes
Culture & Values
3.3
Work/Life Balance
3.0
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.0
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