Waste Management Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Waste Management Inc. has filed its 2023 10-K report detailing financial performance and operational highlights for the fiscal year ending December 31, 2023.</b>

AI Summary

WASTE MANAGEMENT INC (WM) filed a Annual Report (10-K) with the SEC on February 13, 2024. Waste Management Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. Key financial metrics and operational details for the fiscal year 2023 are presented. The report includes information on performance shares, landfill operations, and credit facilities. The company's principal executive offices are located at 800 Capitol Street, Suite 3000, Houston, TX.

Why It Matters

For investors and stakeholders tracking WASTE MANAGEMENT INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Waste Management's financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors assessing the company's performance and future outlook. The detailed financial data and operational segments within the report allow stakeholders to understand the company's revenue streams, profitability, and debt levels, aiding in investment decisions.

Risk Assessment

Risk Level: medium — WASTE MANAGEMENT INC shows moderate risk based on this filing. The company operates in the highly regulated waste management industry, facing potential risks from environmental regulations, operational hazards, and market fluctuations in commodity prices, as detailed in its 10-K filings.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess Waste Management's performance and potential challenges in the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period end date)
• 2024-02-13 — Filing Date (Date the 10-K was filed)
• 19920703 — Date of Name Change (Date Waste Management Inc. changed its name from USA WASTE SERVICES INC)

Key Players & Entities

• WASTE MANAGEMENT INC (company) — Filer name
• 800 CAPITOL STREET, STE 3000 (location) — Business address street
• HOUSTON (location) — Business address city
• TX (location) — Business address state
• 77002 (location) — Business address zip
• USA WASTE SERVICES INC (company) — Former company name

FAQ

Industry Context

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

Regulatory Implications

The company is subject to various federal, state, and local environmental regulations governing waste disposal and recycling.

What Investors Should Do

1. Analyze the detailed financial statements for revenue, net income, and cash flow.
2. Review the risk factors section for potential operational and regulatory challenges.
3. Compare key performance indicators with previous fiscal years to identify trends.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-13: Filing Date — Date Waste Management Inc. submitted its 10-K filing.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year 2023, providing updated financial and operational data compared to previous filings.

From the Filing

0001558370-24-001049.txt : 20240213 0001558370-24-001049.hdr.sgml : 20240213 20240213152443 ACCESSION NUMBER: 0001558370-24-001049 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 139 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12154 FILM NUMBER: 24625193 BUSINESS ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 10-K 1 wm-20231231x10k.htm 10-K http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#RestrictedCashAndInvestmentsNoncurrent http://fasb.org/us-gaap/2023#RestrictedCashAndInvestmentsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent http://fasb.org/us-gaap/2023#AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations 0000823768 2023 FY false http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#RestrictedCashAndInvestmentsNoncurrent P1Y P5Y P3Y P10Y P10Y P30Y P3Y P30Y P5Y P40Y P3Y P10Y P10Y P1M P5Y http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent P1Y http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations 0000823768 srt:MinimumMember us-gaap:PerformanceSharesMember 2023-01-01 2023-12-31 0000823768 srt:MaximumMember us-gaap:PerformanceSharesMember 2023-01-01 2023-12-31 0000823768 wm:TotalShareholderReturnAwardMember 2022-01-01 2022-12-31 0000823768 wm:CashFlowAwardMember 2022-01-01 2022-12-31 0000823768 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2023-01-01 2023-12-31 0000823768 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2022-01-01 2022-12-31 0000823768 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2021-01-01 2021-12-31 0000823768 srt:MinimumMember us-gaap:LandfillMember 2023-01-01 2023-12-31 0000823768 srt:MaximumMember us-gaap:LandfillMember 2023-01-01 2023-12-31 0000823768 wm:CreditFacilityRevolvingMember 2022-05-31 0000823768 us-gaap:DebtSecuritiesMember 2023-01-01 2023-12-31 0000823768 us-gaap:LandfillMember 2022-01-01 2022-12-31 0000823768 us-gaap:LandfillMember 2021-01-01 2021-12-31 0000823768 2023-12-01 2023-12-31 0000823768 srt:MinimumMember 2023-01-01 2023-12-31 0000823768 srt:MaximumMember 2023-01-01 2023-12-31 0000823768 wm:CreditFacilityRevolvingMember 2023-01-01 2023-12-31 00008237