Bullboard - Stock Discussion Forum GFL Environmental Inc T.GFL

Alternate Symbol(s): GFL

GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in providing a comprehensive line of solid waste management, liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. Its segments include Solid waste, which includes hauling, landfill, transfer... see more

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TSX:GFL - Post Discussion

GFL Environmental Inc > Note 12

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Post by Froggy1 on May 27, 2021 8:43am

Note 12

OK I just read note 12 of the annual statement. Mark to market is all tied up in something called tangible equity units. Basically it was a way of funding a $1 billion loan by offering 15.5 million tangible equity units. In so far as the share price is below $50 US they have to book a loss. It's very confusing, I believe it is intended to be very confusing. For the year end December 31, 2020 they booked a $449m Mark to market loss. I think they can also book a profit on it.
Am I the only one who reads annual statements?

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