$WM
WASTE MANAGEMENT INC

2022 Q3 Form 10-Q Financial Statement

#000155837022011119 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $5.075B $5.027B $4.678B
YoY Change 8.79% 12.31% 15.02%
Cost Of Revenue $3.156B $3.142B $2.542B
YoY Change 8.6% 14.84% 19.23%
Gross Profit $1.919B $1.885B $2.136B
YoY Change 9.1% 8.33% 10.39%
Gross Profit Margin 37.81% 37.5% 45.66%
Selling, General & Admin $473.0M $487.0M $905.0M
YoY Change 0.85% 9.44% 3.08%
% of Gross Profit 24.65% 25.84% 42.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $503.0M $508.0M $510.0M
YoY Change -2.71% 1.6% 16.97%
% of Gross Profit 26.21% 26.95% 23.88%
Operating Expenses $473.0M $487.0M $1.415B
YoY Change 0.85% 9.44% 7.69%
Operating Profit $942.0M $890.0M $721.0M
YoY Change 16.87% 12.52% 16.1%
Interest Expense -$91.00M -$93.00M -$85.00M
YoY Change 4.6% -5.1% -22.02%
% of Operating Profit -9.66% -10.45% -11.79%
Other Income/Expense, Net -$6.000M -$4.000M $9.000M
YoY Change -700.0% -33.33% 200.0%
Pretax Income $828.0M $776.0M $642.0M
YoY Change 17.28% 70.18% 17.37%
Income Tax $189.0M $189.0M $136.0M
% Of Pretax Income 22.83% 24.36% 21.18%
Net Earnings $639.0M $587.0M $506.0M
YoY Change 18.77% 67.24% 15.53%
Net Earnings / Revenue 12.59% 11.68% 10.82%
Basic Earnings Per Share $1.55 $1.42
Diluted Earnings Per Share $1.54 $1.41 $1.202M
COMMON SHARES
Basic Shares Outstanding 413.3M 414.4M 418.3M
Diluted Shares Outstanding 414.3M 416.4M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.0M $894.0M $118.0M
YoY Change 18.1% 504.05% -78.66%
Cash & Equivalents $137.0M $894.0M $118.0M
Short-Term Investments
Other Short-Term Assets $292.0M $269.0M $270.0M
YoY Change 9.36% -12.38% 12.97%
Inventory $159.0M $159.0M $135.0M
Prepaid Expenses
Receivables $2.452B $2.494B $2.278B
Other Receivables $224.0M $171.0M $268.0M
Total Short-Term Assets $3.264B $3.987B $3.069B
YoY Change 2.51% 23.59% -13.31%
LONG-TERM ASSETS
Property, Plant & Equipment $14.74B $14.38B $14.42B
YoY Change 4.68% 1.93% 1.92%
Goodwill $9.092B $9.022B $9.028B
YoY Change 0.95% 0.33% 0.38%
Intangibles $847.0M $834.0M $898.0M
YoY Change -7.83% -12.76% -12.3%
Long-Term Investments $593.0M $607.0M $432.0M
YoY Change 47.51% 45.56% 1.41%
Other Assets $929.0M $899.0M $903.0M
YoY Change 5.93% 1.01% 4.27%
Total Long-Term Assets $26.58B $26.14B $26.03B
YoY Change 3.59% 1.28% 0.86%
TOTAL ASSETS
Total Short-Term Assets $3.264B $3.987B $3.069B
Total Long-Term Assets $26.58B $26.14B $26.03B
Total Assets $29.84B $30.13B $29.10B
YoY Change 3.47% 3.76% -0.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.489B $1.382B $1.375B
YoY Change 1.57% -0.79% 22.66%
Accrued Expenses $1.496B $1.493B $1.428B
YoY Change 1.56% 8.82% 6.41%
Deferred Revenue $591.0M $616.0M $571.0M
YoY Change 5.16% 10.59% 5.94%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $258.0M $231.0M $708.0M
YoY Change -57.07% -36.01% 28.49%
Total Short-Term Liabilities $3.834B $3.722B $4.082B
YoY Change -6.53% 1.06% 14.89%
LONG-TERM LIABILITIES
Long-Term Debt $13.81B $14.05B $12.70B
YoY Change 10.92% 9.03% -4.24%
Other Long-Term Liabilities $1.125B $1.110B $1.125B
YoY Change 5.53% 3.35% 7.04%
Total Long-Term Liabilities $1.125B $1.110B $1.125B
YoY Change 5.53% 3.35% 7.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.834B $3.722B $4.082B
Total Long-Term Liabilities $1.125B $1.110B $1.125B
Total Liabilities $22.83B $22.94B $21.97B
YoY Change 5.36% 5.78% 0.37%
SHAREHOLDERS EQUITY
Retained Earnings $12.93B $12.56B $12.00B
YoY Change 10.16% 9.78% 7.57%
Common Stock $5.305B $5.263B $5.175B
YoY Change 3.67% 2.99% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $217.0M $214.2M
Shareholders Equity $7.010B $7.190B $7.124B
YoY Change
Total Liabilities & Shareholders Equity $29.84B $30.13B $29.10B
YoY Change 3.47% 3.76% -0.85%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $639.0M $587.0M $506.0M
YoY Change 18.77% 67.24% 15.53%
Depreciation, Depletion And Amortization $503.0M $508.0M $510.0M
YoY Change -2.71% 1.6% 16.97%
Cash From Operating Activities $1.182B $1.047B $991.0M
YoY Change -0.17% 0.38% 31.61%
INVESTING ACTIVITIES
Capital Expenditures -$757.0M -$550.0M -$774.0M
YoY Change 63.15% 38.89% 96.45%
Acquisitions
YoY Change
Other Investing Activities -$179.0M $22.00M -$14.00M
YoY Change -371.21% 0.0% -99.56%
Cash From Investing Activities -$936.0M -$528.0M -$788.0M
YoY Change 135.18% 41.18% -78.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -984.0M 228.0M -214.0M
YoY Change 12.33% -123.27% -107.97%
NET CHANGE
Cash From Operating Activities 1.182B 1.047B 991.0M
Cash From Investing Activities -936.0M -528.0M -788.0M
Cash From Financing Activities -984.0M 228.0M -214.0M
Net Change In Cash -738.0M 747.0M -11.00M
YoY Change 720.0% -340.19% -93.45%
FREE CASH FLOW
Cash From Operating Activities $1.182B $1.047B $991.0M
Capital Expenditures -$757.0M -$550.0M -$774.0M
Free Cash Flow $1.939B $1.597B $1.765B
YoY Change 17.66% 10.98% 53.88%

Facts In Submission

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9688000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8588000000
wm Gain Loss From Divestitures Asset Impairments And Unusual Items
GainLossFromDivestituresAssetImpairmentsAndUnusualItems
17000000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
19000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
6000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
8000000
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
976000000

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