$WM
WASTE MANAGEMENT INC

2024 Q4 Form 10-Q Financial Statement

#000155837024013762 Filed on October 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $5.609B
YoY Change 7.91%
Cost Of Revenue $3.399B
YoY Change 6.62%
Gross Profit $2.210B
YoY Change 9.95%
Gross Profit Margin 39.4%
Selling, General & Admin $525.0M
YoY Change 11.7%
% of Gross Profit 23.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $558.0M
YoY Change 7.51%
% of Gross Profit 25.25%
Operating Expenses $525.0M
YoY Change 11.7%
Operating Profit $1.119B
YoY Change 9.6%
Interest Expense -$131.0M
YoY Change 3.15%
% of Operating Profit -11.71%
Other Income/Expense, Net $6.000M
YoY Change -250.0%
Pretax Income $995.0M
YoY Change 14.11%
Income Tax $235.0M
% Of Pretax Income 23.62%
Net Earnings $760.0M
YoY Change 14.63%
Net Earnings / Revenue 13.55%
Basic Earnings Per Share $1.89
Diluted Earnings Per Share $1.88
COMMON SHARES
Basic Shares Outstanding 401.4M 401.3M
Diluted Shares Outstanding 403.2M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $614.0M
YoY Change 309.33%
Cash & Equivalents $614.0M
Short-Term Investments
Other Short-Term Assets $336.0M
YoY Change 5.0%
Inventory $184.0M
Prepaid Expenses
Receivables $2.841B
Other Receivables $284.0M
Total Short-Term Assets $4.259B
YoY Change 19.57%
LONG-TERM ASSETS
Property, Plant & Equipment $17.93B
YoY Change 10.49%
Goodwill $9.822B
YoY Change 4.51%
Intangibles $742.0M
YoY Change -4.75%
Long-Term Investments $524.0M
YoY Change -3.32%
Other Assets $995.0M
YoY Change -0.6%
Total Long-Term Assets $30.47B
YoY Change 7.39%
TOTAL ASSETS
Total Short-Term Assets $4.259B
Total Long-Term Assets $30.47B
Total Assets $34.73B
YoY Change 8.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.853B
YoY Change 6.62%
Accrued Expenses $1.651B
YoY Change 3.45%
Deferred Revenue $599.0M
YoY Change 2.04%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $676.0M
YoY Change 127.61%
Total Short-Term Liabilities $4.779B
YoY Change 13.3%
LONG-TERM LIABILITIES
Long-Term Debt $15.98B
YoY Change 5.58%
Other Long-Term Liabilities $1.154B
YoY Change 6.85%
Total Long-Term Liabilities $1.154B
YoY Change 6.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.779B
Total Long-Term Liabilities $1.154B
Total Liabilities $26.76B
YoY Change 7.16%
SHAREHOLDERS EQUITY
Retained Earnings $15.56B
YoY Change 10.19%
Common Stock $5.491B
YoY Change 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.979B
YoY Change
Total Liabilities & Shareholders Equity $34.73B
YoY Change 8.75%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $760.0M
YoY Change 14.63%
Depreciation, Depletion And Amortization $558.0M
YoY Change 7.51%
Cash From Operating Activities $1.358B
YoY Change 7.52%
INVESTING ACTIVITIES
Capital Expenditures $781.0M
YoY Change 16.05%
Acquisitions
YoY Change
Other Investing Activities $301.0M
YoY Change 5920.0%
Cash From Investing Activities -$480.0M
YoY Change -28.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -439.0M
YoY Change -27.56%
NET CHANGE
Cash From Operating Activities 1.358B
Cash From Investing Activities -480.0M
Cash From Financing Activities -439.0M
Net Change In Cash 439.0M
YoY Change -4090.91%
FREE CASH FLOW
Cash From Operating Activities $1.358B
Capital Expenditures $781.0M
Free Cash Flow $577.0M
YoY Change -2.2%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;background:#ffffff;margin:0pt 0pt 12pt 7.2pt;"><span style="font-style:italic;font-weight:bold;">Concentrations of Credit Risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, investments held within restricted funds, and accounts receivable. We make efforts to control our exposure to credit risk associated with these instruments by (i) placing our assets and other financial interests with a diverse group of credit-worthy financial institutions; (ii) holding high-quality financial instruments while limiting investments in any one instrument and (iii) maintaining strict policies over credit extension that include credit evaluations, credit limits and monitoring procedures, although generally we do not have collateral requirements for credit extensions. We also control our exposure associated with trade receivables by discontinuing service, to the extent allowable, to non-paying customers. However, our overall credit risk associated with trade receivables is limited due to the large number and diversity of customers we serve.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 7.2pt;">Reclassifications</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">When necessary, reclassifications have been made to our prior period financial information to conform to the current year presentation and are not material to our Condensed Consolidated Financial Statements. </p>
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CY2024Q3 wm Number Of Non Owned Sites Listed On Environmental Protection Agency National Priorities List For Which We Have Been Notified We Are Prp
NumberOfNonOwnedSitesListedOnEnvironmentalProtectionAgencyNationalPrioritiesListForWhichWeHaveBeenNotifiedWeArePrp
60
CY2024Q3 wm Disclosure Required Under Item One Zero Three Of Secs Regulation Sk
DisclosureRequiredUnderItemOneZeroThreeOfSecsRegulationSk
1000000
wm Multiemployer Plans Collective Bargaining Arrangement Percentage Of Participant
MultiemployerPlansCollectiveBargainingArrangementPercentageOfParticipant
0.20
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5609000000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1119000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5198000000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1021000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16170000000
us-gaap Operating Income Loss
OperatingIncomeLoss
3144000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15209000000
us-gaap Operating Income Loss
OperatingIncomeLoss
2790000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5609000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5198000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16170000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15209000000
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
16000000
CY2024Q3 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1238000000

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0001558370-24-013762.txt Edgar Link pending
0001558370-24-013762-xbrl.zip Edgar Link pending
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wm-20240930.xsd Edgar Link pending
wm-20240930x10q.htm Edgar Link pending
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wm-20240930_lab.xml Edgar Link unprocessable
wm-20240930_pre.xml Edgar Link unprocessable