Summary of property and equipment |
The following table presents the changes in cost and accumulated depreciation of GFL’s property and equipment for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | Land, | | | | | | | | Machinery | | | | | | | | | | | | | | | buildings and | | | | | | | | and | | Assets under | | | | | Right-of- | | | | | | improvements | | Landfills | | Vehicles | | equipment | | development | | Containers | | use assets | | Total | Cost | | | | | | | | | | | | | | | | | | | | | | | | | Balance, December 31, 2021 | | $ | 1,482.7 | | $ | 2,257.0 | | $ | 2,082.0 | | $ | 1,129.0 | | $ | 69.3 | | $ | 549.3 | | $ | 348.7 | | $ | 7,918.0 | Additions | | | 80.3 | | | 135.5 | | | 297.5 | | | 133.3 | | | 119.2 | | | 126.5 | | | 104.2 | | | 996.5 | Acquisitions via business combinations | | | 79.1 | | | 220.6 | | | 167.6 | | | 44.2 | | | 6.2 | | | 77.5 | | | 19.4 | | | 614.6 | Adjustments for prior year acquisitions | | | — | | | 122.0 | | | (6.5) | | | (0.7) | | | — | | | — | | | 1.5 | | | 116.3 | Adjustments for asset retirement obligations | | | — | | | (183.1) | | | — | | | — | | | — | | | — | | | — | | | (183.1) | Disposals | | | (69.4) | | | (57.1) | | | (50.8) | | | (254.2) | | | (4.8) | | | (1.0) | | | (17.9) | | | (455.2) | Transfers | | | 56.0 | | | 94.2 | | | 7.5 | | | (1.4) | | | (148.7) | | | (3.2) | | | (4.4) | | | — | Changes in foreign exchange | | | 58.4 | | | 156.0 | | | 96.8 | | | 31.3 | | | 10.4 | | | 39.9 | | | 5.5 | | | 398.3 | Balance, December 31, 2022 | | | 1,687.1 | | | 2,745.1 | | | 2,594.1 | | | 1,081.5 | | | 51.6 | | | 789.0 | | | 457.0 | | | 9,405.4 | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, December 31, 2022 | | | 1,687.1 | | | 2,745.1 | | | 2,594.1 | | | 1,081.5 | | | 51.6 | | | 789.0 | | | 457.0 | | | 9,405.4 | Additions | | | 118.6 | | | 286.5 | | | 386.9 | | | 204.7 | | | 140.0 | | | 94.2 | | | 101.5 | | | 1,332.4 | Acquisitions via business combinations | | | 81.0 | | | 120.1 | | | 112.8 | | | 79.8 | | | 0.5 | | | 45.6 | | | 29.7 | | | 469.5 | Adjustments for prior year acquisitions | | | 12.5 | | | — | | | (0.2) | | | (0.4) | | | — | | | — | | | — | | | 11.9 | Adjustments for asset retirement obligations | | | — | | | 22.5 | | | — | | | — | | | — | | | — | | | — | | | 22.5 | Disposals | | | (74.2) | | | (45.2) | | | (250.9) | | | (48.1) | | | (6.5) | | | (57.3) | | | (21.3) | | | (503.5) | Transfers | | | 12.7 | | | 13.2 | | | 9.8 | | | — | | | (34.3) | | | 0.3 | | | (1.7) | | | — | Changes in foreign exchange | | | (25.5) | | | (64.6) | | | (45.7) | | | (15.6) | | | (2.6) | | | (18.9) | | | (3.0) | | | (175.9) | Balance, December 31, 2023 | | | 1,812.2 | | | 3,077.6 | | | 2,806.8 | | | 1,301.9 | | | 148.7 | | | 852.9 | | | 562.2 | | | 10,562.3 | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated depreciation | | | | | | | | | | | | | | | | | | | | | | | | | Balance, December 31, 2021 | | | 107.1 | | | 474.9 | | | 679.0 | | | 389.2 | | | — | | | 163.0 | | | 94.2 | | | 1,907.4 | Depreciation | | | 65.2 | | | 294.6 | | | 302.9 | | | 167.7 | | | — | | | 97.5 | | | 73.0 | | | 1,000.9 | Disposals | | | (18.5) | | | (7.8) | | | (31.0) | | | (104.3) | | | — | | | (0.8) | | | (7.2) | | | (169.6) | Impairment | | | 11.9 | | | — | | | — | | | 2.3 | | | — | | | — | | | — | | | 14.2 | Changes in foreign exchange | | | 5.3 | | | 42.4 | | | 36.4 | | | 13.4 | | | — | | | 12.8 | | | 1.9 | | | 112.2 | Balance, December 31, 2022 | | | 171.0 | | | 804.1 | | | 987.3 | | | 468.3 | | | — | | | 272.5 | | | 161.9 | | | 2,865.1 | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, December 31, 2022 | | | 171.0 | | | 804.1 | | | 987.3 | | | 468.3 | | | — | | | 272.5 | | | 161.9 | | | 2,865.1 | Depreciation | | | 70.0 | | | 283.8 | | | 288.3 | | | 166.8 | | | — | | | 116.3 | | | 74.8 | | | 1,000.0 | Disposals | | | (13.7) | | | (19.8) | | | (132.0) | | | (28.3) | | | — | | | (26.9) | | | (11.5) | | | (232.2) | Impairment | | | — | | | — | | | 8.7 | | | 0.1 | | | — | | | — | | | — | | | 8.8 | Changes in foreign exchange | | | (3.1) | | | (22.8) | | | (18.3) | | | (7.1) | | | — | | | (7.7) | | | (1.1) | | | (60.1) | Balance, December 31, 2023 | | | 224.2 | | | 1,045.3 | | | 1,134.0 | | | 599.8 | | | — | | | 354.2 | | | 224.1 | | | 3,581.6 | | | | | | | | | | | | | | | | | | | | | | | | | | Carrying amounts | | | | | | | | | | | | | | | | | | | | | | | | | At December 31, 2022 | | $ | 1,516.1 | | $ | 1,941.0 | | $ | 1,606.8 | | $ | 613.2 | | $ | 51.6 | | $ | 516.5 | | $ | 295.1 | | $ | 6,540.3 | At December 31, 2023 | | $ | 1,588.0 | | $ | 2,032.3 | | $ | 1,672.8 | | $ | 702.1 | | $ | 148.7 | | $ | 498.7 | | $ | 338.1 | | $ | 6,980.7 |
|