Waste Management Inc. Files Q3 2024 10-Q

TL;DR

WM's Q3 2024 10-Q is in - check the latest numbers for collection & disposal!

AI Summary

Waste Management Inc. reported its third-quarter results for the period ending September 30, 2024. The company's filing details its financial performance and operational segments, including collection and disposal services. Key financial data points and segment information are presented for comparison with the prior year's third quarter.

Why It Matters

This filing provides investors and analysts with the latest financial and operational data for Waste Management Inc., crucial for understanding the company's performance and future outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Third quarter of 2024)
• 2023-09-30 — Prior Year Reporting Period End Date (Third quarter of 2023)
• 2024-05-31 — Credit Facility Revolving Date (Relevant date for credit facility information)

Key Players & Entities

• WASTE MANAGEMENT INC (company) — Filer
• 20240930 (date) — Conformed Period of Report
• 20241028 (date) — Filed as of Date
• 800 CAPITOL STREET, STE 3000 (address) — Business Address
• HOUSTON (city) — Business Address City
• TX (state) — Business Address State
• 77002 (zip_code) — Business Address Zip
• 7135126200 (phone_number) — Business Phone
• USA WASTE SERVICES INC (company) — Former Company Name
• 19920703 (date) — Date of Name Change

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"). The remain
• $7.2 billion — greement in a principal amount of up to $7.2 billion (the "Term Credit Agreement"). Borrowin
• $3.5 Billion — fee in effect was 0.065 % per annum. $3.5 Billion Revolving Credit Facility — In May 2024

Filing Documents

• wm-20240930x10q.htm (10-Q) — 2577KB
• wm-20240930xex10d2.htm (EX-10.2) — 106KB
• wm-20240930xex22d1.htm (EX-22.1) — 40KB
• wm-20240930xex31d1.htm (EX-31.1) — 13KB
• wm-20240930xex31d2.htm (EX-31.2) — 13KB
• wm-20240930xex32d1.htm (EX-32.1) — 9KB
• wm-20240930xex32d2.htm (EX-32.2) — 8KB
• wm-20240930xex95.htm (EX-95) — 4KB
• 0001558370-24-013762.txt ( ) — 9392KB
• wm-20240930.xsd (EX-101.SCH) — 46KB
• wm-20240930_cal.xml (EX-101.CAL) — 67KB
• wm-20240930_def.xml (EX-101.DEF) — 228KB
• wm-20240930_lab.xml (EX-101.LAB) — 448KB
• wm-20240930_pre.xml (EX-101.PRE) — 335KB
• wm-20240930x10q_htm.xml (XML) — 1761KB

Financial Statements

Item 1. Financial Statements. WASTE MANAGEMENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In Millions, Except Share and Par Value Amounts) September 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 614 $ 458 Accounts receivable, net of allowance for doubtful accounts of $ 31 and $ 30 , respectively 2,841 2,633 Other receivables, net of allowance for doubtful accounts of $ 3 and $ 4 , respectively 284 237 Parts and supplies 184 173 Other current assets 336 303 Total current assets 4,259 3,804 Property and equipment, net of accumulated depreciation and depletion of $ 23,620 and $ 22,826 , respectively 17,931 16,968 Goodwill 9,822 9,254 Other intangible assets, net 742 759 Restricted funds 457 422 Investments in unconsolidated entities 524 606 Other long-term assets 995 1,010 Total assets $ 34,730 $ 32,823 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,853 $ 1,709 Accrued liabilities 1,651 1,605 Deferred revenues 599 578 Current portion of long-term debt 676 334 Total current liabilities 4,779 4,226 Long-term debt, less current portion 15,977 15,895 Deferred income taxes 1,883 1,826 Landfill and environmental remediation liabilities 2,965 2,888 Other long-term liabilities 1,154 1,092 Total liabilities 26,758 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 5,485 5,351 Retained earnings 15,563 14,334 Accumulated other comprehensive (loss) income ( 76 ) ( 37 ) Treasury stock at cost, 228,928,455 and 228,827,218 shares, respectively ( 12,999 ) ( 12,751 ) Total Waste Management, Inc. stockholders' equity 7,979 6,903 Noncontrolling in

View Full Filing

View this 10-Q filing on SEC EDGAR