SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2020

SEGMENT REPORTING

Schedule of operating segments

	Year ended December 31, 2020
	Gross		Intercompany				Adjusted
Successor	Revenue		Revenue		Revenue		EBITDA
Solid waste
Canada	$	1,417.8	$	(187.0)	$	1,230.8	$	338.6
USA		2,262.0		(236.2)		2,025.8		639.2
Solid waste		3,679.8		(423.2)		3,256.6		977.8
Infrastructure and soil remediation		538.2		(10.9)		527.3		91.6
Liquid waste		455.8		(43.5)		412.3		97.5
Corporate		—		—		—		(90.2)
	$	4,673.8	$	(477.6)	$	4,196.2	$	1,076.7

	Year ended December 31, 2019
	Gross		Intercompany				Adjusted
Successor	Revenue		Revenue		Revenue(1)		EBITDA(2)
Solid waste
Canada	$	1,174.8	$	(161.1)	$	1,013.7	$	267.7
USA		1,603.4		(155.8)		1,447.6		431.0
Solid waste		2,778.2		(316.9)		2,461.3		698.7
Infrastructure and soil remediation		541.0		(6.0)		535.0		103.7
Liquid waste		386.7		(36.1)		350.6		79.5
Corporate		—		—		—		(56.2)
	$	3,705.9	$	(359.0)	$	3,346.9	$	825.7

Refer to Note 2 for additional details on the reclassifications outlined below:

(1) Includes reclassification of $1.7 million from Liquid waste into Solid waste - Canada.

(2) Includes reclassification of $3.8 million from Liquid waste and $24.1 million from Corporate into Solid waste Canada in the amount of $1.5 million and Solid waste USA in the amount of $26.4 million.

	Period ended December 31, 2018 (214 days)
	Gross		Intercompany				Adjusted
Successor	Revenue		Revenue		Revenue (1)		EBITDA (2)
Solid waste
Canada	$	595.5	$	(75.3)	$	520.2	$	142.6
USA		302.0		(8.5)		293.5		63.6
Solid waste		897.5		(83.8)		813.7		206.2
Infrastructure and soil remediation		262.7		(4.0)		258.7		56.4
Liquid waste		168.3		(15.9)		152.4		38.3
Corporate		—		—		—		(18.9)
	$	1,328.5	$	(103.7)	$	1,224.8	$	282.0

Refer to Note 2 for additional details on the reclassifications outlined below:

(1) Includes reclassification of $0.6 million from Solid waste Canada into Liquid waste.

(2) Includes reclassification of $4.9 million from Corporate to Solid waste USA and $0.5 million from Solid waste Canada to Liquid waste.

	Period ended May 31, 2018 (151 days)
	Gross		Intercompany				Adjusted
Predecessor	Revenue		Revenue		Revenue (1)		EBITDA (2)
Solid waste
Canada	$	362.5	$	(40.3)	$	322.2	$	80.1
USA		97.0		(3.1)		93.9		17.3
Solid waste		459.5		(43.4)		416.1		97.4
Infrastructure and soil remediation		136.2		(2.8)		133.4		23.4
Liquid waste		88.6		(10.3)		78.3		15.8
Corporate		—		—		—		(9.3)
	$	684.3	$	(56.5)	$	627.8	$	127.3

Refer to Note 2 for additional details on the reclassifications outlined below:

(1) Includes reclassification of $0.6 million from Solid waste Canada into Liquid waste.

(2) Includes reclassification of $0.6 million from Solid waste Canada into Liquid waste.

Adjusted EBITDA reconciles to net loss for the periods presented as follows:

	Successor						Predecessor
	December 31,		December 31,		December 31,		May 31, 2018
	2020		2019		2018 (214 days)		(151 days)
Total segment adjusted EBITDA	$	1,076.7	$	825.7	$	282.0	$	127.3
Less:
Depreciation and amortization		810.6		465.3		178.2		66.3
Amortization of intangible assets		427.0		334.1		127.5		40.9
Interest and other finance costs		597.6		532.2		242.2		127.4
(Gain) loss on foreign exchange		(37.3)		(48.9)		39.6		16.6
Loss (gain) on sale of property and equipment		4.6		1.2		4.7		(0.1)
Mark-to-market loss on fuel hedges		1.8		1.0		2.8		—
Mark-to-market loss on Purchase Contracts		449.2		—		—		—
Share-based payments		37.9		14.5		2.0		18.8
Impairment		21.4		—		—		—
Transaction costs		60.1		65.5		103.7		42.4
IPO transaction costs		46.2		—		—		—
Other income		—		—		—		(3.2)
Acquisition, rebranding and other integration costs		11.4		36.4		13.0		8.8
Unbilled revenue reversal		—		31.6		—		—
Deferred purchase consideration		2.0		2.0		1.0		1.0
Income tax recovery		(360.9)		(157.5)		(114.0)		(26.9)
Net loss	$	(994.9)	$	(451.7)	$	(318.7)	$	(164.7)

As we continue to grow our business, we may be faced with new events or circumstances that are not indicative of our underlying business performance or that impact the ability to assess our operating performance. The definition of Adjusted EBITDA for the three months and year ended December 31, 2020 removes the impact of the mark-to-market loss on Purchase Contracts, IPO transaction costs and impairment and other charges, all of which did not exist in the prior periods.

Schedule of geographical information

Revenues from external customers and non-current assets, excluding deferred tax assets, can be analyzed according to the following geographic areas:

	Successor						Predecessor		Successor
									Non-current
	Revenue								assets
	December 31,		December 31,		December 31,		May 31, 2018		December 31,
	2020		2019		2018 (214 days)		(151 days)		2020
Canada	$	1,996.1	$	1,760.8	$	931.3	$	533.9	$	4,917.2
USA		2,200.1		1,586.1		293.5	$	93.9		9,784.6
	$	4,196.2	$	3,346.9	$	1,224.8	$	627.8	$	14,701.8

Schedule of goodwill and intangible assets by segment

The carrying amount of goodwill and indefinite life intangible assets allocated to the operating segments for impairment testing purposes is as follows:

	December 31, 2020		December 31, 2019
Solid waste
Canada	$	1,734.4	$	1,707.6
USA		4,738.0		3,383.0
Infrastructure and soil remediation		240.0		237.8
Liquid waste		429.4		457.5
	$	7,141.8	$	5,785.9