WASTE MANAGEMENT INC

WM 10-Q · Q2 2025

WM Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 6,430 5,402 +19.0%
Show Product Lines breakouts
Collection [Member] 3,856 3,701 +4.2%
Collection [Member] · Intersegment Elimination 533 470 +13.4%
Collection [Member] · Operating Segments 4,389 4,171 +5.2%
Collection and Disposal [Member] 5,281 4,922 +7.3%
Collection and Disposal [Member] · Intersegment Elimination 1,235 1,129 +9.4%
Collection and Disposal [Member] · Operating Segments 6,516 6,051 +7.7%
Commercial [Member] 1,398 1,330 +5.1%
Commercial [Member] · Intersegment Elimination 220 196 +12.2%
Commercial [Member] · Operating Segments 1,618 1,526 +6.0%
Industrial [Member] 790 779 +1.4%
Industrial [Member] · Intersegment Elimination 223 199 +12.1%
Industrial [Member] · Operating Segments 1,013 978 +3.6%
Landfill 1,036 873 +18.7%
Landfill · Intersegment Elimination 410 389 +5.4%
Landfill · Operating Segments 1,446 1,262 +14.6%
Other Collection [Member] 796 729 +9.2%
Other Collection [Member] · Intersegment Elimination 68 52 +30.8%
Other Collection [Member] · Operating Segments 864 781 +10.6%
Recycling Processing and Sales [Member] 381 405 -5.9%
Recycling Processing and Sales [Member] · Intersegment Elimination 101 70 +44.3%
Recycling Processing and Sales [Member] · Operating Segments 482 475 +1.5%
Residential [Member] 872 863 +1.0%
Residential [Member] · Intersegment Elimination 22 23 -4.3%
Residential [Member] · Operating Segments 894 886 +0.9%
Service Other 7 6 +16.7%
Service Other · Intersegment Elimination 8 8 0.0%
Service Other · Operating Segments 15 14 +7.1%
Transfer [Member] 389 348 +11.8%
Transfer [Member] · Intersegment Elimination 292 270 +8.1%
Transfer [Member] · Operating Segments 681 618 +10.2%
WM Healthcare Solutions [Member] 646
WM Healthcare Solutions [Member] · Intersegment Elimination 1
WM Healthcare Solutions [Member] · Operating Segments 647
WM Renewable Energy [Member] 115 69 +66.7%
WM Renewable Energy [Member] · Operating Segments 115 70 +64.3%
Show Business Segments breakouts
Collection and Disposal [Member] 5,281 4,922 +7.3%
Collection and Disposal [Member] · East Tier [Member] 630 566 +11.3%
Collection and Disposal [Member] · East Tier [Member] 2,922 2,744 +6.5%
Collection and Disposal [Member] · East Tier [Member] 2,292 2,178 +5.2%
Collection and Disposal [Member] · Intersegment Elimination 1,235 1,129 +9.4%
Collection and Disposal [Member] · Operating Segments 6,516 6,051 +7.7%
Collection and Disposal [Member] · Other Ancillary [Member] 51 45 +13.3%
Collection and Disposal [Member] · Other Ancillary [Member] 789 713 +10.7%
Collection and Disposal [Member] · Other Ancillary [Member] 738 668 +10.5%
Collection and Disposal [Member] · West Tier [Member] 554 518 +6.9%
Collection and Disposal [Member] · West Tier [Member] 2,805 2,594 +8.1%
Collection and Disposal [Member] · West Tier [Member] 2,251 2,076 +8.4%
Corporate And Other 7 6 +16.7%
Corporate And Other · Intersegment Elimination 8 8 0.0%
Corporate And Other · Operating Segments 15 14 +7.1%
Recycling Processing and Sales [Member] 381 405 -5.9%
Recycling Processing and Sales [Member] · Intersegment Elimination 101 70 +44.3%
Recycling Processing and Sales [Member] · Operating Segments 482 475 +1.5%
WM Healthcare Solutions [Member] 646
WM Healthcare Solutions [Member] · Intersegment Elimination 1
WM Healthcare Solutions [Member] · Operating Segments 647
WM Renewable Energy [Member] 115 69 +66.7%
WM Renewable Energy [Member] · Operating Segments 115 70 +64.3%
Show Consolidation Items breakouts
Intersegment Elimination 1,345 1,208 +11.3%
Operating Segments 7,775 6,610 +17.6%
Cost of Revenue 3,839 3,291 +16.7%
Show Business Segments breakouts
Collection and Disposal [Member] · East Tier [Member] 1,833 1,708 +7.3%
Collection and Disposal [Member] · Operating Segments 4,307 4,005 +7.5%
Collection and Disposal [Member] · Other Ancillary [Member] 753 683 +10.2%
Collection and Disposal [Member] · West Tier [Member] 1,721 1,614 +6.6%
Corporate And Other · Operating Segments 7 50 -86.0%
Recycling Processing and Sales [Member] · Operating Segments 398 399 -0.3%
WM Healthcare Solutions [Member] · Operating Segments 406
WM Renewable Energy [Member] · Operating Segments 59 40 +47.5%
Show Consolidation Items breakouts
Intersegment Elimination 1,338 1,203 +11.2%
Operating Segments 5,177 4,494 +15.2%
Selling, General & Administrative 696 501 +38.9%
Show Business Segments breakouts
Collection and Disposal [Member] · East Tier [Member] 88 89 -1.1%
Collection and Disposal [Member] · Operating Segments 205 210 -2.4%
Collection and Disposal [Member] · Other Ancillary [Member] 31 29 +6.9%
Collection and Disposal [Member] · West Tier [Member] 86 92 -6.5%
Corporate And Other · Operating Segments 331 277 +19.5%
Recycling Processing and Sales [Member] · Operating Segments 14 16 -12.5%
WM Healthcare Solutions [Member] · Operating Segments 150
WM Renewable Energy [Member] · Operating Segments 3 3 0.0%
Show Consolidation Items breakouts
Intersegment Elimination -7 -5 -40.0%
Operating Segments 703 506 +38.9%
Depreciation & Amortization 708 543 +30.4%
Show Business Segments breakouts
Collection and Disposal [Member] 517 475 +8.8%
Collection and Disposal [Member] · East Tier [Member] 272 253 +7.5%
Collection and Disposal [Member] · Other Ancillary [Member] 6 8 -25.0%
Collection and Disposal [Member] · West Tier [Member] 239 214 +11.7%
Corporate And Other 26 28 -7.1%
Recycling Processing and Sales [Member] 45 31 +45.2%
WM Healthcare Solutions [Member] 105
WM Renewable Energy [Member] 15 9 +66.7%
Restructuring Charges 12
Gain Loss From Divestitures Asset Impairments And Unusual Items 24 58 -58.6%
Total Costs & Expenses 5,279 4,393 +20.2%
Operating Income 1,151 1,009 +14.1%
Show Product Lines breakouts
Service · Collection and Disposal [Member] -20 -26 +23.1%
Show Business Segments breakouts
Collection and Disposal [Member] 1,461 1,359 +7.5%
Collection and Disposal [Member] · East Tier [Member] 721 692 +4.2%
Collection and Disposal [Member] · Other Ancillary [Member] -17 -7 -142.9%
Collection and Disposal [Member] · West Tier [Member] 757 674 +12.3%
Corporate And Other -349 -397 +12.1%
Recycling Processing and Sales [Member] 24 29 -17.2%
WM Healthcare Solutions [Member] -23
WM Renewable Energy [Member] 38 18 +111.1%
Interest Income Expense Nonoperating Net -232 -136 -70.6%
Income Loss From Equity Method Investments 2 22 -90.9%
Other Non-Operating Income (Expense) 7 -1 +800.0%
Interest And Other Income Expense -223 -115 -93.9%
Income Before Taxes 928 894 +3.8%
Income Tax Expense (Benefit) 201 214 -6.1%
Net Income 727 680 +6.9%
Show Equity Components breakouts
Noncontrolling Interest 1
Retained Earnings 726 680 +6.8%
Net Income Loss Attributable To Noncontrolling Interest 1
Net Income 726 680 +6.8%
EPS (Basic) 1.8 1.7 +5.9%
EPS (Diluted) 1.8 1.69 +6.5%
Comprehensive Income 822 667 +23.2%
Wtd Avg Shares (Basic) 402.6 401.3 +0.3%
Wtd Avg Shares (Diluted) 404.3 403.2 +0.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 440 172 +155.8%
Accounts Receivable 3,407 2,728 +24.9%
Other Receivables Net Current 524 252 +107.9%
Supplies 224 183 +22.4%
Other Assets Current 389 1,104 -64.8%
Total Current Assets 4,984 4,439 +12.3%
Non-Current Assets
Goodwill 13,886
Show Restatement breakouts
Restatement Adjustment · Stericycle [Member] 118
Show Business Acquisition breakouts
2025 Business Acquisitions [Member] 313
Stericycle [Member] 3,751
Restricted Cash And Investments Noncurrent 553 465 +18.9%
Other Non-Current Assets 1,562 1,007 +55.1%
Total Assets 45,722
Show Business Segments breakouts
All Other Segments · Operating Segments 819
Collection and Disposal [Member] · Operating Segments 28,627
Corporate And Other · Operating Segments 4,151
East Tier [Member] · Operating Segments 15,875
Recycling Processing and Sales [Member] · Operating Segments 2,850
West Tier [Member] · Operating Segments 11,933
WM Healthcare Solutions [Member] · Operating Segments 9,218
WM Renewable Energy [Member] · Operating Segments 1,788
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 135
Show Consolidation Items breakouts
Intersegment Elimination -912
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 19,963 17,420 +14.6%
Intangible Assets Net Excluding Goodwill 3,964 753 +426.4%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 810 552 +46.7%
Current Liabilities
Accounts Payable 2,025 1,785 +13.4%
Accrued Liabilities 2,138 1,525 +40.2%
Deferred Revenue (Current) 689 584 +18.0%
Debt Current 964
Total Current Liabilities 5,816 4,136 +40.6%
Commercial Paper (Q)
Show Debt Instrument breakouts
Commercial Paper Program [Member] 1.5
Non-Current Liabilities
Deferred Tax Liabilities 2,865 1,826 +56.9%
Accrued Capping Closure Post Closure And Environmental Costs Noncurrent 3,086 2,936 +5.1%
Other Non-Current Liabilities 1,697 1,149 +47.7%
Total Liabilities 36,520 26,548 +37.6%
Other Liabilities
Long Term Debt And Capital Lease Obligations 23,056 16,501 +39.7%
Stockholders' Equity
Common Stock 6 6 0.0%
Additional Paid In Capital Common Stock 5,566 5,433 +2.4%
Retained Earnings 16,553 15,104 +9.6%
Accumulated Other Comprehensive Income 9 -73 +112.3%
Treasury Stock Common Value -12,933 -13,013 +0.6%
Total Stockholders' Equity 9,201 7,457 +23.4%
Minority Interest 1 -6 +116.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,202 7,451 +23.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 5
Accumulated Gain Loss Net Cash Flow Hedge Parent 43
Accumulated Net Unrealized Investment Gain Loss 23
Accumulated Other Comprehensive Income 9 -73 +112.3%
Accumulated Translation Adjustment -62
Additional Paid In Capital 5,566 5,433 +2.4%
Common Stock 6 6 0.0%
Noncontrolling Interest 1 -6 +116.7%
Retained Earnings 16,553 15,104 +9.6%
Treasury Stock Common -12,933 -13,013 +0.6%
Total Liabilities & Equity 45,722 33,999 +34.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Deferred Income Taxes 79 14 +464.3%
Accretion Expense Including Asset Retirement Obligations 71 66 +7.6%
Provision For Doubtful Accounts And Other Credit Losses 43 26 +65.4%
Stock-Based Compensation 92 57 +61.4%
Gain Loss On Sale Of Property Plant Equipment -12 -50 +76.0%
Gain Loss From Divestitures Asset Impairments And Other Noncash Portion 26 56 -53.6%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -7 -3 -133.3%
Increase Decrease In Accounts And Other Receivables -323 -127 -154.3%
Increase Decrease In Other Current Assets -52 -30 -73.3%
Increase Decrease In Other Noncurrent Assets 141 63 +123.8%
Increase Decrease In Accounts Payable And Accrued Liabilities 42 85 -50.6%
Increase Decrease In Deferred Revenue And Other Operating Liabilities -75 -80 +6.2%
Net Cash from Operations 2,753 2,521 +9.2%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -366 -243 -50.6%
Payments To Acquire Productive Assets -1,563 -1,335 -17.1%
Proceeds From Divestiture Of Businesses Net Of Cash Divested And Proceeds From Sales Of Assets Investing Activities 103 58 +77.6%
Other Investing Activities -89 -839 +89.4%
Net Cash from Investing -1,915 -2,359 +18.8%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 9,135 9,180 -0.5%
Proceeds From Issuance Of Long Term Debt And Capital Securities Net (Q)
Show Debt Instrument breakouts
Tax Exempt Bonds [Member] 130
Repayments Of Long Term Debt And Capital Securities -9,234 -8,752 -5.5%
Show Debt Instrument breakouts
3.125% senior notes due March 2025 [Member] -422
Payments Of Dividends Common Stock -669 -608 -10.0%
Proceeds From Stock Options Exercised 50 36 +38.9%
Tax Withholding for Share Compensation -49 -48 -2.1%
Proceeds From Payments For Other Financing Activities -14 -10 -40.0%
Net Cash from Financing -781 -464 -68.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 8 -4 +300.0%
Net Change in Cash 65 -306 +121.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 552 246 +124.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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