Waste Management, Inc. (WM)

Waste Management Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,564	2,746	2,304	2,238	1,816	1,496
Depreciation & Amortization	2,745	2,267	2,071	2,038	1,999	1,671
Loss (Gain) From Sale of Assets	91	-128	-42	-26	-69	-42
Asset Writedown & Restructuring Costs	106	90	168	50	8	68
Loss (Gain) From Sale of Investments	-	-	107	-	-	-
Loss (Gain) on Equity Investments	-11	-4	60	67	38	60
Stock-Based Compensation	169	118	93	84	108	94
Provision & Write-off of Bad Debts	75	51	56	50	37	54
Other Operating Activities	466	281	153	180	275	329
Change in Accounts Receivable	-536	-313	-161	-329	28	-179
Change in Accounts Payable	167	281	90	393	206	-37
Change in Unearned Revenue	-240	-213	-239	-216	-103	-174
Change in Other Net Operating Assets	260	214	59	7	-5	63
Operating Cash Flow	5,856	5,390	4,719	4,536	4,338	3,403
Operating Cash Flow Growth	11.31%	14.22%	4.03%	4.56%	27.48%	-12.16%
Capital Expenditures	-3,454	-3,231	-2,895	-2,587	-1,904	-1,632
Sale of Property, Plant & Equipment	-	-	-	-	-	29
Cash Acquisitions	-7,101	-7,488	-170	-377	-75	-4,085
Divestitures	167	158	78	27	96	856
Other Investing Activities	-73	-40	-104	-126	-11	-15
Investing Cash Flow	-10,461	-10,601	-3,091	-3,063	-1,894	-4,847
Long-Term Debt Issued	-	24,578	21,306	8,688	7,948	9,420
Total Debt Issued	28,620	24,578	21,306	8,688	7,948	9,420
Long-Term Debt Repaid	-	-17,870	-20,394	-7,328	-8,404	-9,629
Net Debt Issued (Repaid)	5,597	6,708	912	1,360	-456	-209
Issuance of Common Stock	65	53	44	44	66	63
Repurchase of Common Stock	-53	-314	-1,333	-1,539	-1,378	-436
Common Dividends Paid	-1,302	-1,210	-1,136	-1,077	-970	-927
Other Financing Activities	-79	-82	-11	-4	-162	-50
Financing Cash Flow	4,228	5,155	-1,524	-1,216	-2,900	-1,559
Foreign Exchange Rate Adjustments	-2	-9	3	-6	2	4
Net Cash Flow	-379	-65	107	251	-454	-2,999
Free Cash Flow	2,402	2,159	1,824	1,949	2,434	1,771
Free Cash Flow Growth	14.22%	18.37%	-6.41%	-19.93%	37.44%	-13.86%
Free Cash Flow Margin	9.69%	9.79%	8.93%	9.89%	13.57%	11.64%
Free Cash Flow Per Share	5.95	5.35	4.48	4.70	5.75	4.17
Cash Interest Paid	530	530	447	348	387	461
Cash Income Tax Paid	656	656	636	736	370	422
Levered Free Cash Flow	1,471	1,370	1,110	1,798	2,230	1,169
Unlevered Free Cash Flow	2,028	1,744	1,422	2,035	2,458	1,435
Change in Working Capital	-349	-31	-251	-145	126	-327

Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q