Waste Management, Inc. (WM)

Waste Management Income Statement

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

Fiscal Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019
Period Ending	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue	5,402	5,159	5,217	5,198	5,119	4,892	4,935	5,075	5,027	4,661	4,678	4,665	4,476	4,112	4,067	3,861	3,561	3,729	3,846	3,967
Revenue Growth (YoY)	5.53%	5.46%	5.71%	2.42%	1.83%	4.96%	5.49%	8.79%	12.31%	13.35%	15.02%	20.82%	25.70%	10.27%	5.75%	-2.67%	-9.76%	0.89%	0.10%	3.79%
Cost of Revenue	3,291	3,140	3,146	3,188	3,186	3,086	3,093	3,156	3,142	2,903	2,955	2,906	2,736	2,514	2,500	2,332	2,180	2,329	2,314	2,441
Gross Profit	2,111	2,019	2,071	2,010	1,933	1,806	1,842	1,919	1,885	1,758	1,723	1,759	1,740	1,598	1,567	1,529	1,381	1,400	1,532	1,526
Selling, General & Admin	501	491	513	470	467	476	487	473	487	491	492	469	445	458	360	416	377	425	445	386
Operating Expenses	1,044	1,005	1,039	989	988	981	1,032	976	995	973	1,002	986	945	930	796	835	791	827	840	790
Operating Income	1,067	1,014	1,032	1,021	945	825	810	943	890	785	721	773	795	668	771	694	590	573	692	736
Interest Expense	-136	-130	-128	-127	-125	-120	-109	-91	-93	-85	-83	-87	-98	-97	-97	-97	-119	-112	-110	-105
Earnings From Equity Investments	22	-19	-19	-18	-12	-11	-18	-17	-17	-15	-2	-14	-11	-9	-12	-16	-14	-26	-16	-14
Other Non Operating Income (Expenses)	-1	2	6	-4	2	2	5	-6	-4	3	9	1	-6	1	3	1	1	-	2	1
EBT Excluding Unusual Items	952	867	891	872	810	696	688	829	776	688	645	673	680	563	665	582	458	435	568	618
Merger & Restructuring Charges	-	-	-1	-	-1	-3	-	-1	-	-	-2	-1	-4	-1	-150	-7	-2	-	-3	-1
Impairment of Goodwill	-	-	-168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27	-
Gain (Loss) on Sale of Investments	-	-	-107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Assets	-58	-	-	-	-	-	5	-	-	-	1	35	-	8	33	-	-	-	8	-1
Asset Writedown	-	-	-	-	-	-	-50	-	-	-	-2	-	-	-6	-	-7	-61	-	-15	-
Other Unusual Items	-	2	29	-	-	3	-	-	-	-17	-	-1	-220	-19	-1	-52	-	-	-	-1
Pretax Income	894	869	644	872	809	696	643	828	776	671	642	706	456	545	547	516	395	435	531	615
Income Tax Expense	214	162	175	210	196	164	143	189	189	157	136	167	105	124	109	126	88	74	84	120
Earnings From Continuing Operations	680	707	469	662	613	532	500	639	587	514	506	539	351	421	438	390	307	361	447	495
Minority Interest in Earnings	-	1	24	1	2	1	-1	-	-	-1	-	-1	-	-	-	-	-	-	-	-
Net Income	680	708	493	663	615	533	499	639	587	513	506	538	351	421	438	390	307	361	447	495
Net Income to Common	680	708	493	663	615	533	499	639	587	513	506	538	351	421	438	390	307	361	447	495
Net Income Growth	10.57%	32.83%	-1.20%	3.76%	4.77%	3.90%	-1.38%	18.77%	67.24%	21.85%	15.53%	37.95%	14.33%	16.62%	-2.01%	-21.21%	-19.42%	4.03%	-15.82%	-0.80%
Shares Outstanding (Basic)	401	402	402	404	406	407	409	412	414	416	418	420	422	423	423	423	422	424	425	425
Shares Outstanding (Diluted)	403	404	404	406	408	409	412	414	416	418	421	422	424	424	425	425	424	426	427	427
Shares Change (YoY)	-1.10%	-1.34%	-1.77%	-2.03%	-2.09%	-2.11%	-2.16%	-1.82%	-1.70%	-1.53%	-1.06%	-0.61%	-0.07%	-0.49%	-0.54%	-0.66%	-0.84%	-0.12%	-0.26%	-0.79%
EPS (Basic)	1.69	1.76	1.23	1.64	1.52	1.31	1.22	1.55	1.42	1.23	1.21	1.28	0.83	1.00	1.04	0.92	0.73	0.85	1.05	1.17
EPS (Diluted)	1.69	1.75	1.22	1.63	1.51	1.30	1.21	1.54	1.41	1.23	1.20	1.28	0.83	0.99	1.03	0.92	0.72	0.85	1.05	1.16
EPS Growth	11.92%	34.62%	1.02%	5.84%	7.09%	5.69%	0.56%	20.31%	69.88%	24.24%	16.58%	39.13%	15.28%	16.47%	-1.93%	-20.69%	-19.10%	4.94%	-14.78%	0%
Free Cash Flow	487	699	340	590	510	384	187	425	497	840	217	720	647	850	359	686	420	306	736	469
Free Cash Flow Per Share	1.21	1.73	0.84	1.45	1.25	0.94	0.45	1.03	1.19	2.01	0.52	1.71	1.53	2.00	0.84	1.62	0.99	0.72	1.72	1.10
Dividend Per Share	0.750	0.750	0.700	0.700	0.700	0.700	0.650	0.650	0.650	0.650	0.575	0.575	0.575	0.575	0.545	0.545	0.545	0.545	0.512	0.512
Dividend Growth	7.14%	7.14%	7.69%	7.69%	7.69%	7.69%	13.04%	13.04%	13.04%	13.04%	5.50%	5.50%	5.50%	5.50%	6.34%	6.34%	6.34%	6.34%	10.22%	10.22%
Gross Margin	39.08%	39.14%	39.70%	38.67%	37.76%	36.92%	37.33%	37.81%	37.50%	37.72%	36.83%	37.71%	38.87%	38.86%	38.53%	39.60%	38.78%	37.54%	39.83%	38.47%
Operating Margin	19.75%	19.65%	19.78%	19.64%	18.46%	16.86%	16.41%	18.58%	17.70%	16.84%	15.41%	16.57%	17.76%	16.25%	18.96%	17.97%	16.57%	15.37%	17.99%	18.55%
Profit Margin	12.59%	13.72%	9.45%	12.75%	12.01%	10.90%	10.11%	12.59%	11.68%	11.01%	10.82%	11.53%	7.84%	10.24%	10.77%	10.10%	8.62%	9.68%	11.62%	12.48%
Free Cash Flow Margin	9.02%	13.55%	6.52%	11.35%	9.96%	7.85%	3.79%	8.37%	9.89%	18.02%	4.64%	15.43%	14.45%	20.67%	8.83%	17.77%	11.79%	8.21%	19.14%	11.82%
EBITDA	1,610	1,528	1,558	1,540	1,466	1,330	1,355	1,446	1,398	1,267	1,231	1,290	1,295	1,140	1,207	1,113	1,004	975	1,087	1,140
EBITDA Margin	29.80%	29.62%	29.86%	29.63%	28.64%	27.19%	27.46%	28.49%	27.81%	27.18%	26.31%	27.65%	28.93%	27.72%	29.68%	28.83%	28.19%	26.15%	28.26%	28.74%
D&A For EBITDA	543	514	526	519	521	505	545	503	508	482	510	517	500	472	436	419	414	402	395	404
EBIT	1,067	1,014	1,032	1,021	945	825	810	943	890	785	721	773	795	668	771	694	590	573	692	736
EBIT Margin	19.75%	19.65%	19.78%	19.64%	18.46%	16.86%	16.41%	18.58%	17.70%	16.84%	15.41%	16.57%	17.76%	16.25%	18.96%	17.97%	16.57%	15.37%	17.99%	18.55%
Effective Tax Rate	23.94%	18.64%	27.17%	24.08%	24.23%	23.56%	22.24%	22.83%	24.36%	23.40%	21.18%	23.65%	23.03%	22.75%	19.93%	24.42%	22.28%	17.01%	15.82%	19.51%

Source: S&P Capital IQ. Standard template. Financial Sources.