Waste Management Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Waste Management Inc. filed its Q1 2024 10-Q, detailing financial positions as of March 31, 2024.</b>

AI Summary

WASTE MANAGEMENT INC (WM) filed a Quarterly Report (10-Q) with the SEC on April 25, 2024. Filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to various financial statement line items. Specific dates referenced include 2024-01-01, 2024-03-31, 2023-01-01, 2023-03-31, 2023-12-31, and 2022-12-31. The company's Central Index Key is 0000823768. The Standard Industrial Classification code is 4953 (Refuse Systems).

Why It Matters

For investors and stakeholders tracking WASTE MANAGEMENT INC, this filing contains several important signals. This 10-Q filing provides a detailed look at Waste Management's financial health and performance for the first quarter of 2024, crucial for investors assessing its current standing. The specific financial data points and dates included allow for direct comparison with previous periods and industry benchmarks, aiding in investment decisions.

Risk Assessment

Risk Level: low — WASTE MANAGEMENT INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant new risks or events beyond routine financial disclosures.

Analyst Insight

Review the detailed financial statements and segment information within the 10-Q to understand Waste Management's Q1 2024 performance and compare it to prior periods.

Key Numbers

• 2024-03-31 — Period End Date (Reporting period)
• 2024-04-25 — Filing Date (Date of submission)
• 0000823768 — Central Index Key (Company identifier)
• 4953 — SIC Code (Industry classification)

Key Players & Entities

• WASTE MANAGEMENT INC (company) — Filer name
• 0000823768 (company) — Central Index Key
• 4953 (regulator) — Standard Industrial Classification
• 2024-03-31 (date) — Period of report
• 2024-04-25 (date) — Filed as of date
• 7135126200 (dollar_amount) — Business phone

FAQ

Industry Context

Waste Management Inc. operates in the refuse systems industry, providing comprehensive waste management services.

Regulatory Implications

The company is subject to SEC regulations for public company filings, including the requirement to submit quarterly reports (10-Q).

What Investors Should Do

1. Analyze the balance sheet and income statement for Q1 2024.
2. Compare key financial metrics to the same period in 2023.
3. Examine any disclosures related to operating segments or significant business activities.

Key Dates

• 2024-03-31: Quarterly Period End — Marks the end of the reporting period for the 10-Q filing.
• 2024-04-25: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the Q1 2024 10-Q, providing updated financial information compared to previous filings.

Key Financial Figures

• $0.01 — ge on Which Registered Common Stock , $0.01 par value WM New York Stock Exchang
• $3.5 billion — nd Canadian revolving credit facility ("$3.5 billion revolving credit facility"), as discuss
• $3.5 Billion — acilities and Commercial Paper Program $3.5 Billion Revolving Credit Facility — Our $3.5 bi

Filing Documents

• wm-20240331x10q.htm (10-Q) — 1686KB
• wm-20240331xex10d3.htm (EX-10.3) — 190KB
• wm-20240331xex22d1.htm (EX-22.1) — 38KB
• wm-20240331xex31d1.htm (EX-31.1) — 14KB
• wm-20240331xex31d2.htm (EX-31.2) — 15KB
• wm-20240331xex32d1.htm (EX-32.1) — 9KB
• wm-20240331xex32d2.htm (EX-32.2) — 8KB
• wm-20240331xex95.htm (EX-95) — 4KB
• 0001558370-24-005734.txt (&nbsp;) — 6892KB
• wm-20240331.xsd (EX-101.SCH) — 38KB
• wm-20240331_cal.xml (EX-101.CAL) — 63KB
• wm-20240331_def.xml (EX-101.DEF) — 181KB
• wm-20240331_lab.xml (EX-101.LAB) — 370KB
• wm-20240331_pre.xml (EX-101.PRE) — 273KB
• wm-20240331x10q_htm.xml (XML) — 1113KB

Financial Statements

Item 1. Financial Statements. WASTE MANAGEMENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In Millions, Except Share and Par Value Amounts) March 31, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 322 $ 458 Accounts receivable, net of allowance for doubtful accounts of $ 27 and $ 30 , respectively 2,530 2,633 Other receivables, net of allowance for doubtful accounts of $ 5 and $ 4 , respectively 155 237 Parts and supplies 189 173 Other assets 333 303 Total current assets 3,529 3,804 Property and equipment, net of accumulated depreciation and depletion of $ 23,144 and $ 22,826 , respectively 17,044 16,968 Goodwill 9,246 9,254 Other intangible assets, net 728 759 Restricted funds 524 422 Investments in unconsolidated entities 589 606 Other assets 1,006 1,010 Total assets $ 32,666 $ 32,823 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,617 $ 1,709 Accrued liabilities 1,410 1,605 Deferred revenues 586 578 Current portion of long-term debt 336 334 Total current liabilities 3,949 4,226 Long-term debt, less current portion 15,762 15,895 Deferred income taxes 1,880 1,826 Landfill and environmental remediation liabilities 2,912 2,888 Other liabilities 1,085 1,092 Total liabilities 25,588 25,927 Commitments and contingencies (Note 6) Equity: Waste Management, Inc. stockholders' equity: Common stock, $ 0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued 6 6 Additional paid-in capital 5,352 5,351 Retained earnings 14,738 14,334 Accumulated other comprehensive (loss) income ( 60 ) ( 37 ) Treasury stock at cost 228,979,512 and 228,827,218 shares, respectively ( 12,954 ) ( 12,751 ) Total Waste Management, Inc. stockholders' equity 7,082 6,903 Noncontrolling interests ( 4 ) ( 7 ) Total

View Full Filing

View this 10-Q filing on SEC EDGAR