Waste Management Inc. (WM) financial statements: income statement, balance sheet and cash flow
Waste Management Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Waste Management Inc. reported revenue of $25.2B (+14.2% year on year) and net income of $2.7B (-1.3% year on year).
Income statement
Waste Management Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Operating revenues
$25.2B
$22.1B
$20.4B
$19.7B
Operating
$15.0B
$13.4B
$12.6B
$12.3B
Selling, general and administrative
$2.7B
$2.3B
$1.9B
$1.9B
Depreciation, depletion and amortization
$2.9B
$2.3B
$2.1B
$2.0B
Restructuring
$51.0M
$4.0M
$5.0M
$1.0M
(Gain) loss from divestitures, asset impairments and unusual items, net
$248.0M
$82.0M
$243.0M
$62.0M
Total costs and expenses
$20.9B
$18.0B
$16.9B
$16.3B
Income from operations
$4.3B
$4.1B
$3.6B
$3.4B
Interest expense, net
($912.0M)
($598.0M)
($500.0M)
($378.0M)
Equity in net income (loss) of unconsolidated entities
$10.0M
$4.0M
($60.0M)
($67.0M)
Other, net
$20.0M
($4.0M)
$6.0M
($2.0M)
Total other income (expense)
($882.0M)
($605.0M)
($554.0M)
($447.0M)
Income before income taxes
$3.4B
$3.5B
$3.0B
$2.9B
Income tax expense
$717.0M
$713.0M
$745.0M
$678.0M
Consolidated net income
$2.7B
$2.7B
$2.3B
$2.2B
Less: Net income (loss) attributable to noncontrolling interests
$1.0M
($1.0M)
($28.0M)
$2.0M
Net income attributable to Waste Management, Inc.
$2.7B
$2.7B
$2.3B
$2.2B
Basic earnings per common share
$6.72
$6.84
$5.69
$5.42
Diluted earnings per common share
$6.70
$6.81
$5.66
$5.39
Waste Management Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Operating revenues
$6.7B
$6.2B
$6.4B
$6.4B
Operating
$4.0B
$3.7B
$3.8B
$3.8B
Selling, general and administrative
$683.0M
$707.0M
$665.0M
$696.0M
Depreciation, depletion, amortization and accretion
$777.0M
$735.0M
—
—
Restructuring
$6.0M
$4.0M
$14.0M
$12.0M
(Gain) loss from divestitures, asset impairments and unusual items, net
$10.0M
($26.0M)
$213.0M
$24.0M
Total costs and expenses
$5.4B
$5.1B
$5.5B
$5.3B
Income from operations
$1.3B
$1.1B
$989.0M
$1.2B
Interest expense, net
($233.0M)
($225.0M)
($225.0M)
($232.0M)
Other, net
$4.0M
$3.0M
$7.0M
$7.0M
Total other income (expense)
($229.0M)
($222.0M)
($214.0M)
($223.0M)
Income before income taxes
$1.0B
$891.0M
$775.0M
$928.0M
Income tax expense
$238.0M
$168.0M
$172.0M
$201.0M
Consolidated net income
$786.0M
$723.0M
$603.0M
$727.0M
Less: Net income (loss) attributable to noncontrolling interests
$1.0M
—
—
$1.0M
Net income attributable to Waste Management, Inc.
$785.0M
$723.0M
$603.0M
$726.0M
Basic earnings per common share
$1.96
$1.79
$1.50
$1.80
Diluted earnings per common share
$1.95
$1.79
$1.49
$1.80
Balance sheet
Waste Management Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$201.0M
$414.0M
$458.0M
$351.0M
Accounts receivable, net of allowance for doubtful accounts of $87 and $165, respectively
$3.4B
$3.3B
$2.6B
$2.5B
Other receivables, net of allowance for doubtful accounts of $3 and $4, respectively
$620.0M
$415.0M
$237.0M
$291.0M
Parts and supplies
$225.0M
$206.0M
$173.0M
$164.0M
Other current assets
$429.0M
$467.0M
$303.0M
$284.0M
Total current assets
$4.9B
$4.8B
$3.8B
$3.6B
Property and equipment, net of accumulated depreciation and depletion of $25,096 and $23,777, respectively
$20.4B
$19.3B
$17.0B
$15.7B
Goodwill
$13.9B
$13.4B
$9.3B
$9.3B
Other intangible assets, net
$3.8B
$4.2B
$759.0M
$827.0M
Restricted funds
$513.0M
$413.0M
$422.0M
$348.0M
Investments in unconsolidated entities
$779.0M
$846.0M
$606.0M
$578.0M
Other long-term assets
$1.6B
$1.6B
$1.0B
$1.0B
Total assets
$45.8B
$44.6B
$32.8B
$31.4B
Accounts payable
$1.9B
$2.0B
$1.7B
$1.8B
Accrued liabilities
$2.2B
$2.2B
$1.6B
$1.6B
Deferred revenues
$735.0M
$673.0M
$578.0M
$589.0M
Current portion of long-term debt
$711.0M
$1.4B
$334.0M
$414.0M
Total current liabilities
$5.5B
$6.3B
$4.2B
$4.4B
Long-term debt, less current portion
$22.2B
$22.5B
$15.9B
$14.6B
Deferred income taxes
$3.2B
$2.8B
$1.8B
$1.7B
Landfill and environmental remediation liabilities
$3.3B
$3.0B
$2.9B
$2.7B
Other long-term liabilities
$1.7B
$1.7B
$1.1B
$1.1B
Total liabilities
$35.8B
$36.3B
$25.9B
$24.5B
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued
6.0M
6.0M
6.0M
6.0M
Additional paid-in capital
$5.7B
$5.5B
$5.4B
$5.3B
Retained earnings
$17.2B
$15.9B
$14.3B
$13.2B
Accumulated other comprehensive income (loss)
($10.0M)
($115.0M)
($37.0M)
($69.0M)
Treasury stock at cost 227,340,757 and 228,788,284 shares, respectively
-12.9B
-13.0B
-12.8B
-11.6B
Total Waste Management, Inc. stockholders' equity
$10.0B
$8.3B
$6.9B
$6.8B
Noncontrolling interests
$1.0M
$2.0M
($7.0M)
$15.0M
Total equity
$10.0B
$8.3B
$6.9B
$6.9B
Total liabilities and equity
$45.8B
$44.6B
$32.8B
$31.4B
Waste Management Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$557.0M
$158.0M
$175.0M
$440.0M
Accounts receivable, net of allowance for doubtful accounts of $73 and $87, respectively
$3.5B
$3.4B
$3.4B
$3.4B
Other receivables, net of allowance for doubtful accounts of $3 and $3, respectively
$711.0M
$592.0M
$620.0M
$524.0M
Parts and supplies
$232.0M
$235.0M
$223.0M
$224.0M
Other current assets
$402.0M
$451.0M
$424.0M
$389.0M
Total current assets
$5.4B
$4.8B
$4.8B
$5.0B
Property and equipment, net of accumulated depreciation and depletion of $25,432 and $25,096, respectively
$20.4B
$20.3B
$20.1B
$20.0B
Goodwill
$14.0B
$13.9B
$13.9B
$13.9B
Other intangible assets, net
$3.6B
$3.7B
$3.9B
$4.0B
Restricted funds
$648.0M
$654.0M
$541.0M
$553.0M
Investments in unconsolidated entities
$738.0M
$756.0M
$791.0M
$810.0M
Other long-term assets
$1.6B
$1.6B
$1.6B
$1.6B
Total assets
$46.4B
$45.7B
$45.6B
$45.7B
Accounts payable
$2.0B
$1.8B
$2.1B
$2.0B
Accrued liabilities
$2.1B
$1.9B
$2.1B
$2.1B
Deferred revenues
$767.0M
$764.0M
$698.0M
$689.0M
Current portion of long-term debt
$1.1B
$641.0M
$880.0M
$964.0M
Total current liabilities
$5.9B
$5.1B
$5.7B
$5.8B
Long-term debt, less current portion
$22.3B
$22.3B
$22.5B
$23.1B
Deferred income taxes
$3.3B
$3.3B
$3.0B
$2.9B
Landfill and environmental remediation liabilities
$3.3B
$3.3B
$3.1B
$3.1B
Other long-term liabilities
$1.7B
$1.7B
$1.7B
$1.7B
Total liabilities
$36.5B
$35.7B
$36.1B
$36.5B
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued
6.0M
6.0M
6.0M
6.0M
Additional paid-in capital
$5.9B
$5.7B
$5.6B
$5.6B
Retained earnings
$18.0B
$17.6B
$16.8B
$16.6B
Accumulated other comprehensive income (loss)
($71.0M)
($44.0M)
($31.0M)
$9.0M
Treasury stock at cost, 230,314,758 and 227,340,757 shares, respectively
-13.9B
-13.2B
-12.9B
-12.9B
Total Waste Management, Inc. stockholders' equity
$9.9B
$10.0B
$9.5B
$9.2B
Noncontrolling interests
$1.0M
$1.0M
$1.0M
$1.0M
Total equity
$9.9B
$10.0B
$9.5B
$9.2B
Total liabilities and equity
$46.4B
$45.7B
$45.6B
$45.7B
Cash flow statement
Waste Management Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Consolidated net income
$2.7B
$2.7B
$2.3B
$2.2B
Depreciation, depletion and amortization
$2.9B
$2.3B
$2.1B
$2.0B
Deferred income tax expense (benefit)
$363.0M
$124.0M
$83.0M
$49.0M
Interest accretion on landfill and environmental remediation liabilities
$142.0M
$133.0M
$130.0M
$112.0M
Provision for bad debts
$93.0M
$51.0M
$56.0M
$50.0M
Equity-based compensation expense
$169.0M
$118.0M
$93.0M
$84.0M
Net gain on disposal of assets
($21.0M)
($102.0M)
($42.0M)
($21.0M)
(Gain) loss from divestitures, asset impairments and other, net
$248.0M
$82.0M
$75.0M
$62.0M
Equity in net (income) loss of unconsolidated entities, net of dividends
($10.0M)
($4.0M)
$60.0M
$67.0M
Receivables
($511.0M)
($313.0M)
($161.0M)
($329.0M)
Other current assets
($49.0M)
$33.0M
($2.0M)
($35.0M)
Other assets
$225.0M
$181.0M
$61.0M
$42.0M
Accounts payable and accrued liabilities
$41.0M
$281.0M
$90.0M
$393.0M
Deferred revenues and other liabilities
($219.0M)
($213.0M)
($239.0M)
($216.0M)
Net cash provided by operating activities
$6.0B
$5.4B
$4.7B
$4.5B
Acquisitions of businesses, net of cash acquired
($395.0M)
($7.5B)
($170.0M)
($377.0M)
Capital expenditures
($3.2B)
($3.2B)
($2.9B)
($2.6B)
Proceeds from divestitures of businesses and other assets, net of cash divested
$121.0M
$158.0M
$78.0M
$27.0M
Other, net
($65.0M)
($40.0M)
($104.0M)
($126.0M)
Net cash used in investing activities
($3.6B)
($10.6B)
($3.1B)
($3.1B)
New borrowings
$20.4B
$24.6B
$21.3B
$8.7B
Debt repayments
($21.7B)
($17.9B)
($20.4B)
($7.3B)
Cash dividends
($1.3B)
($1.2B)
($1.1B)
($1.1B)
Exercise of common stock options
$61.0M
$53.0M
$44.0M
$44.0M
Tax payments associated with equity-based compensation transactions
($51.0M)
($52.0M)
($31.0M)
($39.0M)
Other, net
($16.0M)
($82.0M)
($11.0M)
($4.0M)
Net cash provided by (used in) financing activities
($2.7B)
$5.2B
($1.5B)
($1.2B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
$6.0M
($9.0M)
$3.0M
($6.0M)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents
($190.0M)
($65.0M)
$107.0M
$251.0M
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period
$487.0M
$552.0M
$445.0M
$194.0M
Cash, cash equivalents and restricted cash and cash equivalents at end of period
$297.0M
$487.0M
$552.0M
$445.0M
Waste Management Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Consolidated net income
$1.5B
$723.0M
$2.0B
$1.4B
Depreciation, depletion, amortization and accretion
$1.5B
$735.0M
$2.1B
$1.4B
Deferred income tax expense (benefit)
$143.0M
$112.0M
$241.0M
$79.0M
Provision for bad debts
$69.0M
$29.0M
$61.0M
$43.0M
Equity-based compensation expense
$98.0M
$52.0M
$135.0M
$92.0M
Net gain on disposal of assets
($6.0M)
($1.0M)
($14.0M)
($12.0M)
(Gain) loss from divestitures, asset impairments and other, net
($16.0M)
($26.0M)
$239.0M
$26.0M
Receivables
($224.0M)
$30.0M
($453.0M)
($323.0M)
Other current assets
$3.0M
($46.0M)
($75.0M)
($52.0M)
Other assets
$127.0M
$67.0M
$176.0M
$141.0M
Accounts payable and accrued liabilities
$134.0M
($178.0M)
$35.0M
$42.0M
Deferred revenues and other liabilities
($122.0M)
$4.0M
($155.0M)
($75.0M)
Net cash provided by operating activities
$3.2B
$1.5B
$4.3B
$2.8B
Acquisitions of businesses, net of cash acquired
($85.0M)
—
($395.0M)
($366.0M)
Capital expenditures
($1.3B)
($650.0M)
($2.3B)
($1.6B)
Proceeds from divestitures of businesses and other assets, net of cash divested
$77.0M
$69.0M
$108.0M
$103.0M
Other, net
($139.0M)
($150.0M)
($73.0M)
($89.0M)
Net cash used in investing activities
($1.4B)
($731.0M)
($2.7B)
($1.9B)
New borrowings
$12.8B
$6.0B
$15.0B
$9.1B
Debt repayments
($12.5B)
($6.1B)
($15.8B)
($9.2B)
Common stock repurchase program
($1.0B)
($344.0M)
—
—
Cash dividends
($764.0M)
($385.0M)
($1.0B)
($669.0M)
Exercise of common stock options
$32.0M
$26.0M
$54.0M
$50.0M
Tax payments associated with equity-based compensation transactions
($40.0M)
($40.0M)
($50.0M)
($49.0M)
Other, net
($16.0M)
($1.0M)
($17.0M)
($14.0M)
Net cash used in financing activities
($1.5B)
($821.0M)
($1.8B)
($781.0M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
($7.0M)
($1.0M)
$5.0M
$8.0M
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents
$341.0M
($52.0M)
($179.0M)
$65.0M
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period
$297.0M
$297.0M
$487.0M
$487.0M
Cash, cash equivalents and restricted cash and cash equivalents at end of period