Waste Management, Inc. (WM) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 CAPITOL STREET, STE 3000
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4953 - Refuse Systems (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3511185533,5616122
Cash and cash equivalents3511185533,5616122
Restricted cash and investments     49 
Receivables2,7522,5462,6241,9491,9311,805
Prepaid expense16413512410610296
Other current assets284270239223207132
Other undisclosed current assets    370295569
Total current assets:3,5513,0693,5406,2092,6452,624
Noncurrent Assets
Property, plant and equipment15,71914,41914,14812,89311,94211,559
Long-term investments and receivables578432426483406269
Long-term investments578432426483406269
Intangible assets, net (including goodwill)10,1509,92610,0187,0537,0026,794
Goodwill9,3239,0288,9946,5326,4306,247
Intangible assets, net (excluding goodwill)8278981,024521572547
Restricted cash and investments348348347313296319
Other noncurrent assets1,021903866792359264
Total noncurrent assets:27,81626,02825,80521,53420,00519,205
TOTAL ASSETS:31,36729,09729,34527,74322,65021,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3912,8032,4632,3922,1542,020
Accounts payable1,7661,3751,1211,0651,0371,040
Accrued liabilities1,6251,4281,3421,3271,117980
Deferred revenue589571539534✕✕
Debt414708551218432739
Accrued capping, closure, post-closure and environmental costs     169 
Deferred revenue and credits✕✕✕✕✕✕503
Other undisclosed current liabilities     353 
Total current liabilities:4,3944,0823,5533,1443,1083,262
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,57012,69713,25913,2809,5948,752
Finance lease, liability258291314323✕✕
Other undisclosed long-term debt and lease obligation14,31211,94712,49212,5919,5948,752
Liabilities, other than long-term debt5,5395,1925,0794,2493,6723,773
Asset retirement obligations2,7002,3732,2221,9301,8281,770
Deferred tax liabilities, net✕✕✕✕✕1,2911,248
Deferred income tax liabilities1,7331,6941,8061,407✕✕
Other liabilities1,1061,1251,051912553755
Operating lease, liability  459453366✕✕
Total noncurrent liabilities:20,10917,88918,33817,52913,26612,525
Total liabilities:24,50321,97121,89120,67316,37415,787
Equity
Equity, attributable to parent6,8497,1247,4527,0686,2756,019
Common stock666666
Treasury stock, value(11,569)(10,072)(8,881)(8,571)(8,434)(7,516)
Additional paid in capital5,3145,1695,1295,0494,9934,933
Accumulated other comprehensive income (loss)(69)1739(8)(87)8
Retained earnings13,16712,00411,15910,5929,7978,588
Equity, attributable to noncontrolling interest15222123
Total equity:6,8647,1267,4547,0706,2766,042
TOTAL LIABILITIES AND EQUITY:31,36729,09729,34527,74322,65021,829

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,69817,93115,21815,45514,91414,485
Cost of revenue(14,349)(13,130)(10,751)(10,854)(10,476)(10,378)
Cost of goods and services sold(12,294)(11,111)(9,341)(9,496)(9,249)(9,021)
Gross profit:5,3494,8014,4674,6014,4384,107
Operating expenses(1,984)(1,836)(2,033)(1,895)(1,649)(1,471)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)		(17)(20)   19
Other undisclosed operating income (loss)1720   (19)
Operating income:3,3652,9652,4342,7062,7892,636
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(2)55(50)2(8)
Interest and debt expense  (220)(53)(85) (6)
Income from continuing operations before equity method investments, income taxes:3,3632,7502,3862,5712,7912,622
Loss from equity method investments(67)(36)(68)(55)(41)(68)
Other undisclosed loss from continuing operations before income taxes(378)(365)(425)(411)(374)(363)
Income from continuing operations before income taxes:2,9182,3491,8932,1052,3762,191
Income tax expense(678)(532)(397)(434)(453)(242)
Income from continuing operations:2,2401,8171,4961,6711,9231,949
Income before gain (loss) on sale of properties:✕✕1,8171,4961,6711,9231,949
Net income:2,2401,8171,4961,6711,9231,949
Net income (loss) attributable to noncontrolling interest(2)(1) (1)2 
Net income available to common stockholders, diluted:2,2381,8161,4961,6701,9251,949

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,2401,8171,4961,6711,9231,949
Other comprehensive income (loss)(86)(22)4779(90)88
Comprehensive income:2,1541,7951,5431,7501,8332,037
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1) (1)2 
Comprehensive income, net of tax, attributable to parent:2,1521,7941,5431,7491,8352,037

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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