Waste Management, Inc. (WM)
NYSE: WM · Real-Time Price · USD
218.92
-0.74 (-0.34%)
At close: Aug 31, 2026, 4:00 PM EDT
219.79
+0.87 (0.40%)
After-hours: Aug 31, 2026, 7:59 PM EDT
Waste Management Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 2,853 | 2,708 | 2,746 | 2,304 | 2,238 | 1,816 |
Depreciation & Amortization | 2,933 | 2,863 | 2,267 | 2,071 | 2,038 | 1,999 |
Loss (Gain) From Sale of Assets | -41 | -21 | -128 | -42 | -26 | -69 |
Asset Writedown & Restructuring Costs | 205 | 221 | 90 | 168 | 50 | 8 |
Loss (Gain) From Sale of Investments | - | - | - | 107 | - | - |
Loss (Gain) on Equity Investments | -10 | -10 | -4 | 60 | 67 | 38 |
Stock-Based Compensation | 175 | 169 | 118 | 93 | 84 | 108 |
Provision & Write-off of Bad Debts | 119 | 93 | 51 | 56 | 50 | 37 |
Other Operating Activities | 604 | 533 | 274 | 153 | 180 | 275 |
Change in Accounts Receivable | -412 | -511 | -313 | -161 | -329 | 28 |
Change in Accounts Payable | 133 | 41 | 281 | 90 | 393 | 206 |
Change in Unearned Revenue | -266 | -219 | -213 | -239 | -216 | -103 |
Change in Other Net Operating Assets | 224 | 176 | 221 | 59 | 7 | -5 |
Operating Cash Flow | 6,517 | 6,043 | 5,390 | 4,719 | 4,536 | 4,338 |
Operating Cash Flow Growth | 15.92% | 12.12% | 14.22% | 4.03% | 4.56% | 27.48% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -2,944 | -3,227 | -3,231 | -2,895 | -2,587 | -1,904 |
Cash Acquisitions | -114 | -395 | -7,488 | -170 | -377 | -75 |
Divestitures | 95 | 121 | 158 | 78 | 27 | 96 |
Other Investing Activities | -115 | -65 | -40 | -104 | -126 | -11 |
Investing Cash Flow | -3,078 | -3,566 | -10,601 | -3,091 | -3,063 | -1,894 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 20,414 | 24,578 | 21,306 | 8,688 | 7,948 |
Total Debt Issued | 24,102 | 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) | -895 | -1,333 | 6,708 | 912 | 1,360 | -456 |
Issuance of Common Stock | 43 | 61 | 53 | 44 | 44 | 66 |
Repurchase of Common Stock | -1,045 | -51 | -314 | -1,333 | -1,539 | -1,378 |
Common Dividends Paid | -1,429 | -1,334 | -1,210 | -1,136 | -1,077 | -970 |
Other Financing Activities | -18 | -16 | -82 | -11 | -4 | -162 |
Financing Cash Flow | -3,344 | -2,673 | 5,155 | -1,524 | -1,216 | -2,900 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -9 | 6 | -9 | 3 | -6 | 2 |
Net Cash Flow | 86 | -190 | -65 | 107 | 251 | -454 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,573 | 2,816 | 2,159 | 1,824 | 1,949 | 2,434 |
Free Cash Flow Growth | 65.19% | 30.43% | 18.37% | -6.41% | -19.93% | 37.44% |
Free Cash Flow Margin | 13.92% | 11.17% | 9.79% | 8.93% | 9.89% | 13.57% |
Free Cash Flow Per Share | 8.85 | 6.97 | 5.35 | 4.48 | 4.70 | 5.75 |
Levered Free Cash Flow | 2,348 | 1,732 | 1,370 | 1,110 | 1,798 | 2,230 |
Unlevered Free Cash Flow | 2,915 | 2,302 | 1,744 | 1,422 | 2,035 | 2,458 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 927 | 927 | 530 | 447 | 348 | 387 |
Cash Income Tax Paid | 494 | 494 | 645 | 633 | 736 | 370 |
Change in Working Capital | -321 | -513 | -24 | -251 | -145 | 126 |