employees |
Employee Days Away/Restricted/Transfer Rate (DART) |
0.53 |
0.44 |
0.61 |
0.77 |
0.81 |
Employee Total Case Incident Rate (TCIR) |
0.73 |
0.80 |
0.81 |
1.06 |
1.00 |
Employee fatality rate |
– |
– |
– |
– |
– |
Number of sites in OSHA VPP program |
31 |
32 |
33 |
35 |
37 |
contractors3 |
|
|
Contractor DART |
0.71 |
1.08 |
1.19 |
0.90 |
0.89 |
Contractor TCIR |
1.13 |
1.63 |
1.80 |
1.40 |
1.48 |
Contractor fatality rate |
1.58 |
– |
– |
– |
– |
1 For the years ended December 31.
2 Safety and Health data is for U.S. and Canada only.
3 Contractor safety performance rates reflect the overall safety performance of the contractors employed by Covanta, not their specific performance on Covanta’s sites.
WTE facility personnel |
Environmental training hours (average) |
12.0 |
Safety and health training hours (average) |
22.0 |
corporate supply chain personnel |
Combined safety, health and environmental training hours (average) |
16.0 |
covanta environmental solutions personnel |
Combined safety, health and environmental training hours (average) |
5.5 |
Environmental training hours (average) |
4.5 |
Air Emissions (Concentrations, Operational Control Basis) |
Lead (μg/dscm) |
400 |
8.1 |
9.8 |
11.0 |
11.5 |
12.1 |
Cadmium (μg/dscm) |
35 |
0.8 |
1.2 |
1.2 |
1.2 |
1.2 |
Mercury (μg/dscm) |
50 |
2.5 |
2.0 |
2.3 |
1.9 |
2.7 |
Total dioxins and furans (ng/dscm) |
30 |
1.6 |
2.0 |
2.2 |
2.0 |
3.4 |
Particulate matter (mg/dscm) |
25 |
2.0 |
2.2 |
2.8 |
2.4 |
2.8 |
Hydrogen chloride (ppm) |
29 |
6.9 |
6.2 |
7.0 |
7.0 |
6.8 |
Carbon monoxide (ppm) |
100 |
32.0 |
30.2 |
32.0 |
30.3 |
29.1 |
Sulfur oxides (ppm) |
29 |
8.8 |
8.1 |
7.5 |
7.0 |
7.5 |
Nitrogen oxides (ppm) |
205 |
127.0 |
127.9 |
132.1 |
134.3 |
136.4 |
Greenhouse Gas Emissions (thousand tons CO2e, equity share basis) |
Total Scope 1, 2 and 3 GHG emissions |
4,660 |
4,688 |
4,732 |
4,260 |
4,677 |
Scope 13 |
4,382 |
4,398 |
4,454 |
4,004 |
4,405 |
Scope 2 |
12 |
24 |
22 |
25 |
34 |
Scope 34 |
265 |
266 |
256 |
231 |
238 |
Biogenic CO2 |
6,371 |
6,388 |
6,428 |
5,781 |
5,928 |
GHG emission intensity (t CO2e/$ revenue) |
0.0024 |
0.0024 |
0.0025 |
0.0023 |
0.0026 |
GHG emissions covered under an emissions-limiting regulation (%) |
3.8% |
3.5% |
3.9% |
4.0% |
3.8% |
Net WTE life-cycle ghg benefit (thousand tons CO2e reduced, net basis) |
Equity-share basis |
10,800 |
10,900 |
11,100 |
10,000 |
10,600 |
Operational Control Basis5 |
18,800 |
18,800 |
18,200 |
16,800 |
17,100 |
monetary fines and compliance frequency |
fines ($) |
WTE continuous emission monitor (CEM) fines |
13,660 |
27,005 |
80,976 |
123,268 |
95,423 |
WTE stack test fines |
– |
10,080 |
– |
– |
25,600 |
Other environmental fines, including biomass and other facilities |
117,125 |
180,150 |
86,350 |
423,228 |
1,000 |
compliance |
WTE stack test compliance rate |
100% |
99.90% |
100% |
100% |
99.90% |
WTE CEM compliance rate |
99.99% |
99.97% |
99.95% |
99.96% |
99.95% |
1 For the years ended December 31.
2 40 CFR 60 Subpart Cb.
3 Scope 1 recalculated with 20-year Methane GWP (86) as defined in the IPCC’s Fifth Assessment Report.
4 Scope 3 boundary expanded in 2020 to include emissions from capital goods (UK construction), upstream fuel, upstream transport of MSW, downstream transport of ash, and employee commuting.
5 Reported on an operational control + equity interest basis, excluding China.
Employee breakdown
|
|
|
|
|
|
Salaried |
1,256 |
1,228 |
1,230 |
1,193 |
1,157 |
Hourly2 |
2,694 |
2,653 |
2,683 |
2,526 |
2,425 |
Total employees |
3,950 |
3,881 |
3,911 |
3,719 |
3,582 |
region |
|
|
|
|
|
North America |
3,857 |
3,803 |
3,834 |
3,649 |
3,537 |
United States |
3,690 |
3,638 |
3,676 |
3,520 |
3,454 |
Canada |
167 |
165 |
158 |
129 |
83 |
Europe |
80 |
65 |
62 |
56 |
30 |
Asia |
13 |
13 |
15 |
14 |
15 |
gender and racial diversity3 |
|
|
|
|
|
Women as a percentage of the total workforce |
12% |
11% |
11% |
11% |
10% |
People of color as a percentage of total workforce |
31% |
28% |
28% |
26% |
26% |
2020 Collective Bargaining Status |
Employees covered by collective bargaining agreements |
332 |
298 |
298 |
|
|
Percent of North American workforce covered by collective bargaining agreements |
8.6% |
7.8% |
7.8% |
|
|
|
Salaried |
Hourly2 |
Total Turnover
|
Average Service (years) |
Total Turnover Rate (%)
|
Average Service (years)
|
# of Voluntary Separations
|
# of Involuntary Separations |
Total # of Separations
|
Gender |
|
|
|
|
|
|
|
|
|
Female |
35 |
35 |
70 |
4.7 |
14.8% |
6 |
50 |
20 |
70 |
Male |
131 |
367 |
498 |
6.4 |
14.3% |
6.4 |
345 |
153 |
498 |
Age |
|
|
|
|
|
|
|
|
|
Under 30 years old |
9 |
114 |
123 |
0.9 |
26.9% |
2 |
102 |
21 |
123 |
30-50 years old |
68 |
192 |
260 |
4.0 |
15.0% |
4 |
192 |
68 |
260 |
Over 50 years old |
89 |
96 |
185 |
12.8 |
12.3% |
13 |
101 |
84 |
185 |
Region |
|
|
|
|
|
|
|
|
|
United States |
161 |
372 |
533 |
6.3 |
14.4% |
7 |
365 |
168 |
533 |
Non-United States |
5 |
32 |
37 |
2.3 |
14.2% |
7 |
32 |
5 |
37 |
Total |
166 |
402 |
568 |
568 |
16.0% |
6 |
395 |
173 |
568 |
|
Total |
Salaried |
Hourly2 |
Gender
|
|
|
|
Female |
68 |
31 |
37 |
Male |
436 |
99 |
337 |
Age |
|
|
|
Under 30 years old |
147 |
19 |
128 |
30-50 years old |
253 |
65 |
188 |
Over 50 years old |
102 |
45 |
57 |
Region |
|
|
|
United States |
442 |
110 |
332 |
Non-United States |
40 |
13 |
27 |
2020 Racial and Ethnic Composition of U.S. Workforce4
|
|
Total |
American Indian |
Black |
White |
Hispanic |
Asian |
Pacific Islander |
Two or more races |
Not Specified |
Executives |
58 |
0 |
2 |
52 |
1 |
2 |
0 |
1 |
– |
Directors |
217 |
0 |
10 |
192 |
4 |
9 |
0 |
2 |
– |
Managers |
264 |
1 |
12 |
208 |
21 |
19 |
0 |
3 |
– |
Professionals |
586 |
3 |
48 |
445 |
39 |
36 |
5 |
10 |
– |
Technical, sales and administrative |
380 |
1 |
46 |
286 |
29 |
12 |
2 |
4 |
– |
Laborers |
2,185 |
14 |
319 |
1,366 |
291 |
77 |
68 |
50 |
– |
Total |
3,690 |
19 |
437 |
2,549 |
385
|
155
|
75
|
70
|
0
|
2020 Age Composition of U.S. Workforce4 |
|
|
|
|
|
|
|
Total |
Under 30 years old |
30-50 years old |
Over 50 years old |
|
|
|
|
|
Executives |
58 |
– |
13 |
45 |
|
|
|
|
|
Directors |
217 |
1 |
73 |
143 |
|
|
|
|
|
Managers |
264 |
11 |
131 |
122 |
|
|
|
|
|
Professionals |
586 |
54 |
257 |
275 |
|
|
|
|
|
Technical, sales and administrative |
380 |
40 |
173 |
167 |
|
|
|
|
|
Laborers |
2,185 |
341 |
1,090 |
754 |
|
|
|
|
|
Total |
3,690 |
472 |
3,478 |
1,506 |
|
|
|
|
|
2020 gender composition of U.S. Workforce4
|
|
|
|
|
|
|
|
Total |
Female |
Male |
|
|
|
|
|
|
Employee Category |
|
|
|
|
|
|
|
|
|
Executives |
58 |
10 |
48 |
|
|
|
|
|
|
Directors |
217 |
32 |
185 |
|
|
|
|
|
|
Managers |
264 |
75 |
189 |
|
|
|
|
|
|
Professionals |
586 |
116 |
470 |
|
|
|
|
|
|
Technical, sales and administrative |
380 |
158 |
222 |
|
|
|
|
|
|
Laborers |
2,185 |
20 |
2,165 |
|
|
|
|
|
|
Total |
3,690 |
411 |
3,279 |
|
|
|
|
|
|
2020 Gender Composition of Global Workforce
|
Region |
|
|
|
|
|
|
|
|
|
North America |
3,857 |
458 |
3,399 |
|
|
|
|
|
|
United States |
3,690 |
411 |
3,279 |
|
|
|
|
|
|
Canada |
167 |
47 |
120 |
|
|
|
|
|
|
Europe |
80 |
8 |
72 |
|
|
|
|
|
|
Asia |
13 |
6 |
7 |
|
|
|
|
|
|
Total |
3,950 |
472 |
3,478 |
|
|
|
|
|
|
Employee Type |
|
|
|
|
|
|
|
|
|
Part-time |
33
|
17
|
16
|
|
|
|
|
|
|
Full-time |
3,917
|
455
|
3,462
|
|
|
|
|
|
|
Gender and Racial Diversity
|
Percent women |
27% |
Percent people of color |
9% |
Percent independent |
82% |
Age
|
Under 30 years old |
– |
30-50 years old |
– |
Over 50 years old |
11% |
Total |
36% |
1 For the years ended December 31.
2 Hourly employees include technicians, sales workers, administrative support, craft workers, operatives, laborers, and helpers.
3 Women are represented as a percentage of the entire workforce. People of color are represented as a percentage of U.S. workforce, where race/ethnicity information is known.
4 US Employees only. Job Categories are defined as follows: Executives (EEO category 1.1), Professionals (EEO category 2), Technical/Sales/Administrative (EEO categories 3,4,5), Laborers (EEO Categories 6,7,8,9). EEO Category 1.2 subdivided into Directors and Managers.
Facilities (owned, equity investments in, and / or operated) |
Number of WTE operations |
46 |
44 |
45 |
43 |
43 |
Total electrical generation capacity (MW) |
1,878 |
1,791 |
1,714 |
1,574 |
1,557 |
Total capacity (TPD) |
68,250 |
65,764 |
63,294 |
58,938 |
58,249 |
Number of material processing facilities |
20 |
20 |
20 |
19 |
15 |
Number of transfer stations |
13 |
14 |
16 |
17 |
17 |
Number of landfills |
4 |
4 |
4 |
4 |
4 |
Number of electronic waste recycling facilities |
1 |
1 |
1 |
1 |
1 |
Waste Processed (Thousand Tons) |
|
|
Total waste processed |
21,900 |
22,203 |
21,124 |
19,493 |
19,905 |
Sustainable Waste Management |
21,590 |
21,908 |
20,862 |
19,218 |
19,733 |
Covanta Waste-to-Energy |
21,184 |
21,430 |
20,418 |
18,816 |
19,455 |
Other Waste-to-Energy |
11 |
15 |
14 |
9 |
2 |
Waste recycled2 |
1,066 |
1,104 |
1,020 |
886 |
789 |
Metals recycled |
560 |
529 |
496 |
464 |
512 |
E-waste recycled3 |
6 |
7 |
7 |
8 |
8 |
Other Recycling (including Aggregate) |
500 |
568 |
517 |
414 |
269 |
Landfilled Waste4 |
298 |
283 |
254 |
264 |
169 |
Waste incinerated, no energy recovery |
0.0 |
0.0 |
0.1 |
0.1 |
– |
Other Waste Managed |
12 |
13 |
8 |
11 |
3 |
Total hazardous waste combusted
|
– |
– |
– |
– |
– |
Other Waste Indicators |
|
|
|
|
|
Municipal waste processed |
20,564 |
20,591 |
19,560 |
18,015 |
18,475 |
Commercial and industrial waste processed |
1,336 |
1,612 |
1,564 |
1,478 |
1,358 |
Landfilled WTE residue5 |
5,342 |
5,440 |
5,140 |
4,792 |
4,991 |
Energy Generation |
|
|
|
|
|
Net electricity exported to the grid (million MW hours) |
9.9 |
10.0 |
9.4 |
8.6 |
8.8 |
Steam exported (billion lbs.) |
9.2 |
9 |
10 |
9 |
9 |
Total energy, million MWh electrical equivalent |
10.7 |
10.7 |
10.3 |
9.4 |
9.4 |
RECs, value recognized ($M) |
26.2 |
17 |
12 |
13 |
12 |
energy use (thousand GJ) |
|
|
|
|
|
Total energy consumption6 |
218,232 |
219,577 |
208,672 |
192,527 |
198,852 |
Waste |
213,627 |
215,534 |
204,071 |
188,368 |
194,415 |
Fossil fuel |
4,292 |
3,638 |
4,174 |
3,751 |
3,824 |
Biogenic fuel |
– |
– |
22 |
18 |
17 |
Fossil fuel (% of total energy input) |
2.0% |
1.7% |
2.0% |
1.9% |
1.9% |
Fleet fuel consumption7 |
133 |
169 |
134 |
150 |
– |
Natural gas as fleet fuel (%) |
0% |
0% |
0% |
0% |
0% |
Renewable fuel as fleet fuel (%) |
0% |
0% |
0% |
0% |
0% |
water use (Mgal.) |
|
|
|
|
|
Total potable water use |
6,107 |
5,998 |
6,022 |
5,648 |
5,903 |
Reclaimed water use |
2,993 |
3,499 |
2,649 |
2,331 |
2,749 |
Saline/other non-potable water use |
31,160 |
31,524 |
58,276 |
1,052 |
1,089 |
Alternative water use as percentage of total freshwater use (%) |
34.9% |
38.9% |
32.9% |
31.5% |
33.8% |
1 For the years ended December 31. Unless otherwise noted, reported on an operational control + equity interest basis, excluding China.
2 Recycled metals and ash aggregate are included in both the Covanta Waste-to-Energy and Waste Recycled subtotals.
3 Reflects total e-waste received for processing.
4 Landfilled waste from CES and transfer station operations. Does not include WTE residues, reported seperately.
5 Residue includes WTE ash and landfilled wastes from RDF / shred-and-burn processing. Both are included in Covanta WTE tons.
6 Energy consumption total includes heat input from MSW and auxiliary fuel, as well as purchased electricity. Purchased electricity is not reflected in the breakdown below.
7 Represents fleet operations, insignificant prior to 2017, predominately associated with Covanta Environmental Solutions (CES).
Operating Revenue |
Waste and service revenue |
1,412 |
1,393 |
1,327 |
1,231 |
1,187 |
Energy revenue |
357 |
329 |
343 |
334 |
370 |
Recycled metals revenue |
81 |
86 |
95 |
82 |
61 |
Other operating revenue |
54 |
62 |
103 |
105 |
81 |
Total operating revenue |
1,904 |
1,870 |
1,868 |
1,752 |
1,699 |
operating expense |
Total operating expense |
1,835 |
1,780 |
1,805 |
1,651 |
1,590 |
income tax |
Income tax expense (benefit) |
(18) |
(7) |
(29) |
(191) |
22 |
net income |
Net (loss) income attributable to Covanta Holding |
(28) |
10 |
152 |
57 |
(4) |
Cash Flow |
Cash flow provided by operating activities |
254 |
226 |
238 |
242 |
264 |
Non-GAAP Financial Measures |
|
Adjusted EBITDA |
424 |
428 |
457 |
408 |
410 |
Free Cash Flow |
95 |
140 |
100 |
132 |
176 |
dividends |
Annualized Cash Dividends per Share |
$0.49 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Community Investment |
|
|
Total donations |
1.7 |
1.9 |
1.8 |
2.0 |
1.9 |
1 For the years ended December 31.
2 For complete information, please refer to Covanta’s Form 10-K filings.
Net (Loss) Income Attributable to Covanta Holding Corporation |
$(28)
|
$10 |
$152 |
$57 |
$(4) |
Depreciation and amortization expense |
224 |
221 |
218 |
215 |
207 |
Interest expense, net |
133 |
143 |
145 |
147 |
138 |
Income tax expense (benefit) expense |
(18) |
(7) |
(29) |
(191) |
22 |
Impairment charges |
19 |
2 |
86 |
2 |
20 |
Loss on extinguishment of debt |
12 |
– |
15 |
84 |
– |
(Gain) loss on sale of business and investments |
(26) |
(49) |
(217) |
6 |
(44) |
Property insurance recoveries (net) |
(1) |
– |
(18) |
(2) |
– |
Net income attributable to noncontrolling interests in subsidiaries |
– |
– |
– |
– |
– |
Other adjustments |
|
|
|
|
|
Debt service billings in excess of revenue recognized |
– |
– |
(1) |
5 |
4 |
Business development and transaction costs |
1 |
2 |
3 |
5 |
2 |
Severance and reorganization costs |
5 |
13 |
5 |
1 |
3 |
Capital type expenditures at service-fee operated facilities3 |
36 |
34 |
37 |
55 |
39 |
Non-cash compensation expense |
29 |
25 |
24 |
18 |
16 |
Adjustments to reflect Adjusted EBITDA from unconsolidated investments |
24 |
25 |
23 |
– |
– |
Other |
14 |
9 |
14 |
6 |
7 |
Subtotal other adjustments |
109
|
108 |
105 |
90 |
71 |
Total adjustments |
452
|
418 |
305 |
351 |
414 |
Adjusted EBITDA |
$424
|
$428 |
$457 |
$408 |
$410 |
Cash paid for interest, net of capitalized interest |
(112) |
(152) |
(136) |
(132) |
(135) |
Cash paid for taxes |
4 |
(5) |
(2) |
– |
(6) |
Equity in net income from unconsolidated investments |
(4) |
(6) |
(6) |
(1) |
(4) |
Adjustments to reflect Adjusted EBITDA from unconsolidated investments |
(24) |
(25) |
(23) |
– |
– |
Dividends from unconsolidated investments |
9 |
9 |
13 |
2 |
2 |
Capital-type expenditures at service-fee operated facilities3 |
(36) |
(34) |
(37) |
(55) |
(39) |
Working capital/other |
(7) |
11 |
(28) |
20 |
36 |
Cash flow provided by operating activities4 |
$254
|
$226 |
$238 |
$242 |
$264 |
Plus: Changes in restricted funds–operating5 |
$1 |
$20 |
$4 |
$1 |
$22 |
Less: Maintenance capital expenditures |
(160) |
(106) |
(142) |
(111) |
(110) |
Free Cash Flow |
$95
|
$140 |
$100 |
$132 |
$176 |
1 For the years ended December 31.
2 For complete information, please refer to Covanta’s Form 10-K filings.
3 Adjustment for impact of adoption of FASB ASC 853 — Service Concession Arrangements.
4 Prior years were revised to reflect adoption of FASB ASU 2016-18 Statement of Cash Flows (Topic 230) — Restricted Cash adopted 1/1/2018 and FASB 2016-09 Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting adopted 1/1/2017.
5 Adjustment for impact of adoption of FASB ASU 2016-18 Statement of Cash Flows (Topic 230) — Restricted Cash.