Waste Management Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

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	2,854	2,709	2,745	2,276	2,240	1,817
Depreciation & Amortization	1,512	2,863	2,267	2,071	2,038	1,999
Stock-Based Compensation	175	169	118	93	84	108
Other Adjustments	737	815	284	530	319	288
Change in Receivables	-412	-511	-313	-161	-329	28
Changes in Accounts Payable	133	41	281	90	393	206
Changes in Other Operating Activities	-49	-43	8	-180	-209	-108
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%
Capital Expenditures	-2,944	-3,227	-3,231	-2,895	-2,587	-1,904
Sale of Property, Plant & Equipment	95	121	158	78	27	96
Cash Acquisitions	-114	-395	-7,488	-170	-377	-75
Other Investing Activities	-115	-65	-40	-104	-126	-11
Investing Cash Flow	-3,078	-3,566	-10,601	-3,091	-3,063	-1,894
Long-Term Debt Issued	24,102	20,414	24,578	21,306	8,688	7,948
Long-Term Debt Repaid	-24,997	-21,747	-17,870	-20,394	-7,328	-8,404
Net Long-Term 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
Net Common Stock Issued (Repurchased)	-1,002	10	-261	-1,289	-1,495	-1,312
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
Foreign Exchange Rate Adjustments	-9	6	-9	3	-6	2
Net Cash Flow	86	-190	-65	107	251	-454
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%
FCF 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	5.76
Levered Free Cash Flow	610	1,009	8,779	2,302	3,233	1,553
Unlevered Free Cash Flow	2,203	3,040	2,550	1,779	2,218	2,486

SEC Filings: 10-K · 10-Q