01—Abstract
Summary
Summary of the 40-F/A filed April 3, 2013. Cited figures are marked; the original filing is the authoritative source.
Progressive Waste Solutions Ltd., now Waste Connections, filed this Form 40-F/A (Amendment No. 1) for the fiscal year ended December 31, 2012.
The company is an Ontario corporation with principal executive offices in Vaughan, Ontario, and its common shares are registered on the New York Stock Exchange. The filing reports 115,166,364 common shares outstanding as of the close of the period, and its Standard Industrial Classification code is 4953. The amendment does not update or restate the original annual report.
The company filed it solely to furnish a corrected Exhibit 101, after finding formatting errors in the XBRL (eXtensible Business Reporting Language) financial information. The corrected XBRL covers the consolidated balance sheets, statements of operations and comprehensive income or loss, cash flows, and equity, and the notes to the consolidated financial statements, tagged as detailed text.
The filing incorporates by reference the original annual report's exhibits, including the Annual Information Form, Management's Discussion and Analysis, audited consolidated financial statements, officer certifications under Section 302 and Section 906 of the Sarbanes-Oxley Act, and the consent of Deloitte LLP. The company's U.S. agent for service of process is IESI Corporation in Fort Worth, Texas.
02—Key points
Key Highlights
- Registrant: Progressive Waste Solutions Ltd. (now Waste Connections), an Ontario, Canada corporation, Standard Industrial Classification code 4953.
- Fiscal year covered: year ended December 31, 2012, with the annual report originally filed on April 2, 2013.
- Common shares outstanding: 115,166,364 as of the close of the period, listed on the New York Stock Exchange.
- Purpose of this amendment: solely to furnish a corrected Exhibit 101 after errors were found in the XBRL formatting of financial information.
- Corrected XBRL covers the consolidated balance sheets, statements of operations and comprehensive income or loss, cash flows, equity, and notes to the financial statements.
- Incorporated exhibits include the Annual Information Form, MD&A, audited consolidated financial statements, Section 302 and 906 certifications, and the Deloitte LLP consent.
- Principal executive offices are at 400 Applewood Crescent, Vaughan, Ontario; U.S. agent for service is IESI Corporation in Fort Worth, Texas.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed April 3, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $1.90B$1.84B | +3.1% |
| SG&A Expenses | $230.74M$218.60M | +5.6% |
| Operating Income | $237.71M-$88.39M | +368.9% |
| Interest Expense | $57.43M$62.09M | −7.5% |
| Net Income | $94.36M-$196.14M | +148.1% |
| EPS (Basic) | $0.81$-1.63 | +149.7% |
| EPS (Diluted) | $0.81$-1.63 | +149.7% |
| Shares Outstanding (Basic) | 116.18M120.68M | −3.7% |
| Shares Outstanding (Diluted) | 116.18M120.68M | −3.7% |
05—Questions
Frequently Asked Questions
Does this amendment change the company's previously reported financial results?
No. The filing states that, other than furnishing a corrected Exhibit 101, the amendment does not update or restate any information in the original annual report or reflect events after that report was filed.
Why was this amendment filed?
After the original Form 40-F was filed on April 2, 2013, the company found that Exhibit 101 contained errors in the formatting of its XBRL financial information. This amendment furnishes a corrected version of that exhibit.
How many common shares were outstanding?
The filing reports 115,166,364 common shares outstanding as of the close of the fiscal period covered by the annual report.
Where is the company's stock listed?
The filing states that the company's common shares are registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on the New York Stock Exchange.
Where can investors find the detailed financial information?
The filing's exhibit index lists the Annual Information Form, MD&A, and audited consolidated financial statements for the fiscal year ended December 31, 2012, as previously filed exhibits, along with the corrected XBRL financial data furnished with this amendment.
06—Continue