Waste Management Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,708	2,746	2,304	2,238	1,816
Depreciation & Amortization	2,863	2,267	2,071	2,038	1,999
Loss (Gain) From Sale of Assets	-	-128	-42	-26	-69
Asset Writedown & Restructuring Costs	-	90	168	50	8
Loss (Gain) From Sale of Investments	-	-	107	-	-
Loss (Gain) on Equity Investments	-	-4	60	67	38
Stock-Based Compensation	-	118	93	84	108
Provision & Write-off of Bad Debts	-	51	56	50	37
Other Operating Activities	985	281	153	180	275
Change in Accounts Receivable	-	-313	-161	-329	28
Change in Accounts Payable	-	281	90	393	206
Change in Unearned Revenue	-	-213	-239	-216	-103
Change in Other Net Operating Assets	-513	214	59	7	-5
Operating Cash Flow	6,043	5,390	4,719	4,536	4,338
Operating Cash Flow Growth	12.12%	14.22%	4.03%	4.56%	27.48%
Capital Expenditures	-3,227	-3,231	-2,895	-2,587	-1,904
Cash Acquisitions	-395	-7,488	-170	-377	-75
Divestitures	121	158	78	27	96
Other Investing Activities	-65	-40	-104	-126	-11
Investing Cash Flow	-3,566	-10,601	-3,091	-3,063	-1,894
Long-Term Debt Issued	20,414	24,578	21,306	8,688	7,948
Total Debt Issued	20,414	24,578	21,306	8,688	7,948
Long-Term Debt Repaid	-21,747	-17,870	-20,394	-7,328	-8,404
Net Debt Issued (Repaid)	-1,333	6,708	912	1,360	-456
Issuance of Common Stock	61	53	44	44	66
Repurchase of Common Stock	-51	-314	-1,333	-1,539	-1,378
Common Dividends Paid	-1,334	-1,210	-1,136	-1,077	-970
Other Financing Activities	-16	-82	-11	-4	-162
Financing Cash Flow	-2,673	5,155	-1,524	-1,216	-2,900
Foreign Exchange Rate Adjustments	6	-9	3	-6	2
Net Cash Flow	-190	-65	107	251	-454
Free Cash Flow	2,816	2,159	1,824	1,949	2,434
Free Cash Flow Growth	30.43%	18.37%	-6.41%	-19.93%	37.44%
Free Cash Flow Margin	11.17%	9.79%	8.93%	9.89%	13.57%
Free Cash Flow Per Share	6.97	5.35	4.48	4.70	5.75
Cash Interest Paid	-	530	447	348	387
Cash Income Tax Paid	-	656	636	736	370
Levered Free Cash Flow	1,738	1,370	1,110	1,798	2,230
Unlevered Free Cash Flow	2,308	1,744	1,422	2,035	2,458
Change in Working Capital	-513	-31	-251	-145	126

Source: S&P Global Market Intelligence. Standard template. Financial Sources.