Waste Management, Inc. (WM)

Waste Management Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	20,693	20,426	19,698	17,931	15,218	15,455
Revenue Growth (YoY)	3.83%	3.70%	9.85%	17.83%	-1.53%	3.63%
Cost of Revenue	12,660	12,606	12,294	11,111	9,341	9,496
Gross Profit	8,033	7,820	7,404	6,820	5,877	5,959
Selling, General & Admin	1,941	1,926	1,938	1,864	1,728	1,631
Other Operating Expenses	2,326	2,319	2,101	1,991	1,715	1,622
Operating Expenses	4,267	4,245	4,039	3,855	3,443	3,253
Operating Income	3,766	3,575	3,365	2,965	2,434	2,706
Interest Expense / Income	510	500	378	365	425	411
Other Expense / Income	34	26	71	252	116	191
Pretax Income	3,222	3,049	2,916	2,348	1,893	2,104
Income Tax	743	745	678	532	397	434
Net Income	2,479	2,304	2,238	1,816	1,496	1,670
Net Income Growth	9.79%	2.95%	23.24%	21.39%	-10.42%	-13.25%
Shares Outstanding (Basic)	402	403	410	418	423	424
Shares Change	-1.61%	-1.88%	-1.87%	-1.02%	-0.39%	-0.49%
EPS (Basic)	6.15	5.69	5.42	4.32	3.54	3.93
EPS (Diluted)	6.11	5.66	5.39	4.29	3.52	3.91
EPS Growth	11.90%	5.01%	25.64%	21.88%	-9.97%	-12.13%
Free Cash Flow	2,139	1,824	1,949	2,434	1,771	2,056
Free Cash Flow Per Share	5.33	4.53	4.75	5.82	4.19	4.85
Dividend Per Share	2.850	2.800	2.600	2.300	2.180	2.050
Dividend Growth	7.55%	7.69%	13.04%	5.50%	6.34%	10.22%
Gross Margin	38.82%	38.28%	37.59%	38.03%	38.62%	38.56%
Operating Margin	18.20%	17.50%	17.08%	16.54%	15.99%	17.51%
Profit Margin	11.98%	11.28%	11.36%	10.13%	9.83%	10.81%
Free Cash Flow Margin	10.34%	8.93%	9.89%	13.57%	11.64%	13.30%
Effective Tax Rate	23.06%	24.43%	23.25%	22.66%	20.97%	20.63%
EBITDA	5,812	5,620	5,332	4,712	3,989	4,089
EBITDA Margin	28.09%	27.51%	27.07%	26.28%	26.21%	26.46%
Depreciation & Amortization	2,080	2,071	2,038	1,999	1,671	1,574
EBIT	3,732	3,549	3,294	2,713	2,318	2,515
EBIT Margin	18.04%	17.37%	16.72%	15.13%	15.23%	16.27%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).