Waste Management Inc. Files Q2 2024 10-Q

TL;DR

**WM Q2 10-Q filed. Financials look solid, check for details.**

AI Summary

Waste Management Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position and performance, including its assets, liabilities, and equity. Specific financial figures and operational details are provided within the report, which is crucial for investors and stakeholders to assess the company's current standing.

Why It Matters

This filing provides investors with a detailed look at Waste Management's financial health and operational performance for the second quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — A standard quarterly filing (10-Q) typically contains routine financial information and does not inherently signal new or elevated risks.

Key Players & Entities

• WASTE MANAGEMENT INC (company) — Filer
• 20240630 (date) — Period of Report
• 20240725 (date) — Filed as of Date
• 0000823768 (company) — Central Index Key
• 4953 (industry_code) — Standard Industrial Classification
• USA WASTE SERVICES INC (company) — Former Company Name

FAQ

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") and our iss
• $3.5 Billion — acilities and Commercial Paper Program $3.5 Billion Revolving Credit Facility — In May 2024

Filing Documents

• wm-20240630x10q.htm (10-Q) — 2589KB
• wm-20240630xex4d1.htm (EX-4.1) — 110KB
• wm-20240630xex4d2.htm (EX-4.2) — 110KB
• wm-20240630xex4d3.htm (EX-4.3) — 29KB
• wm-20240630xex4d4.htm (EX-4.4) — 29KB
• wm-20240630xex22d1.htm (EX-22.1) — 40KB
• wm-20240630xex31d1.htm (EX-31.1) — 13KB
• wm-20240630xex31d2.htm (EX-31.2) — 13KB
• wm-20240630xex32d1.htm (EX-32.1) — 8KB
• wm-20240630xex32d2.htm (EX-32.2) — 8KB
• wm-20240630xex95.htm (EX-95) — 4KB
• 0001558370-24-010155.txt ( ) — 9363KB
• wm-20240630.xsd (EX-101.SCH) — 44KB
• wm-20240630_cal.xml (EX-101.CAL) — 66KB
• wm-20240630_def.xml (EX-101.DEF) — 213KB
• wm-20240630_lab.xml (EX-101.LAB) — 419KB
• wm-20240630_pre.xml (EX-101.PRE) — 316KB
• wm-20240630x10q_htm.xml (XML) — 1705KB

Financial Statements

Item 1. Financial Statements. WASTE MANAGEMENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In Millions, Except Share and Par Value Amounts) June 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 172 $ 458 Accounts receivable, net of allowance for doubtful accounts of $ 29 and $ 30 , respectively 2,728 2,633 Other receivables, net of allowance for doubtful accounts of $ 4 and $ 4 , respectively 252 237 Parts and supplies 183 173 Other current assets 1,104 303 Total current assets 4,439 3,804 Property and equipment, net of accumulated depreciation and depletion of $ 23,310 and $ 22,826 , respectively 17,420 16,968 Goodwill 9,363 9,254 Other intangible assets, net 753 759 Restricted funds 465 422 Investments in unconsolidated entities 552 606 Other long-term assets 1,007 1,010 Total assets $ 33,999 $ 32,823 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,785 $ 1,709 Accrued liabilities 1,525 1,605 Deferred revenues 584 578 Current portion of long-term debt 242 334 Total current liabilities 4,136 4,226 Long-term debt, less current portion 16,501 15,895 Deferred income taxes 1,826 1,826 Landfill and environmental remediation liabilities 2,936 2,888 Other long-term liabilities 1,149 1,092 Total liabilities 26,548 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 5,433 5,351 Retained earnings 15,104 14,334 Accumulated other comprehensive (loss) income ( 73 ) ( 37 ) Treasury stock at cost, 229,183,391 and 228,827,218 shares, respectively ( 13,013 ) ( 12,751 ) Total Waste Management, Inc. stockholders' equity 7,457 6,903 Noncontrolling int

View Full Filing

View this 10-Q filing on SEC EDGAR