Waste Management, Inc (WM) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

Swipe to see the full flow
Waste Management, Inc cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Consolidated net income → Net cash from operating activities: $760,000,000.00Depreciation, depletion and amortization → Operating adjustments reconciliation: $558,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $64,000,000.00Deferred income tax expense (benefit) → Operating adjustments reconciliation: $51,000,000.00Interest accretion on landfill and environmental remediation liabilities → Operating adjustments reconciliation: $33,000,000.00Other assets → Operating adjustments reconciliation: $30,000,000.00Equity-based compensation expense → Operating adjustments reconciliation: $27,000,000.00Provision for bad debts → Operating adjustments reconciliation: $11,000,000.00(Gain) loss from divestitures, asset impairments and other, net → Operating adjustments reconciliation: $6,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $598,000,000.00Operating adjustments reconciliation → Receivables: $103,000,000.00Operating adjustments reconciliation → Deferred revenues and other liabilities: $48,000,000.00Operating adjustments reconciliation → Net gain on disposal of assets: $22,000,000.00Operating adjustments reconciliation → Other current assets: $8,000,000.00Operating adjustments reconciliation → Equity in net (income) losses of unconsolidated entities, net of dividends: $1,000,000.00Other, net → investing reconciliation: $799,000,000.00Proceeds from divestitures of businesses and other assets, net of cash divested → investing reconciliation: $41,000,000.00investing reconciliation → Capital expenditures: $781,000,000.00investing reconciliation → Acquisitions of businesses, net of cash acquired: $539,000,000.00Net cash used in financing activities → financing reconciliation: $439,000,000.00New borrowings → financing reconciliation: $1,734,000,000.00Exercise of common stock options → financing reconciliation: $6,000,000.00financing reconciliation → Debt repayments: $1,867,000,000.00financing reconciliation → Cash dividends: $301,000,000.00financing reconciliation → Other, net: $10,000,000.00financing reconciliation → Tax payments associated with equity-based compensation transactions: $1,000,000.00Net cash used in investing activities → investing reconciliation: $480,000,000.00Exchange-rate effect → Cash sources and uses: $2,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $246,000,000.00Net cash from operating activities → Cash sources and uses: $1,358,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $687,000,000.00Cash sources and uses → Net cash used in investing activities: $480,000,000.00Cash sources and uses → Net cash used in financing activities: $439,000,000.00Consolidated net income: $760,000,000.00Consolidated net income+$760.00 MDepreciation, depletion and amortization: $558,000,000.00Depreciation & amortization+$558.00 MDeferred income tax expense (benefit): $51,000,000.00Deferred income taxes+$51.00 MInterest accretion on landfill and environmental remediation liabilities: $33,000,000.00Interest accretion on landfill and environmentalremediation liabilities+$33.00 MProvision for bad debts: $11,000,000.00Provision for bad debts+$11.00 MEquity-based compensation expense: $27,000,000.00Stock-based compensation+$27.00 MNet gain on disposal of assets: -$22,000,000.00PP&E disposal gain & loss−$22.00 M(Gain) loss from divestitures, asset impairments and other, net: $6,000,000.00Divestiture & impairment, net+$6.00 MEquity in net (income) losses of unconsolidated entities, net of dividends: -$1,000,000.00Equity-method income, net−$1.00 MReceivables: -$103,000,000.00Accounts & other receivables−$103.00 MOther current assets: -$8,000,000.00Other current assets−$8.00 MOther assets: $30,000,000.00Other noncurrent assets+$30.00 MAccounts payable and accrued liabilities: $64,000,000.00Payables & accrued liabilities+$64.00 MDeferred revenues and other liabilities: -$48,000,000.00Deferred revenue & other items−$48.00 MNet cash from operating activities: $1,358,000,000.00Operating cash+$1.36 BOperating adjustments reconciliation: $780,000,000.00New borrowings: $1,734,000,000.00Long-term debt issued, net+$1.73 BDebt repayments: -$1,867,000,000.00Debt & capital securities repaid−$1.87 BCommon stock repurchase program: $0.00Cash dividends: -$301,000,000.00Common dividends paid−$301.00 MExercise of common stock options: $6,000,000.00Stock option exercises+$6.00 MTax payments associated with equity-based compensation transactions: -$1,000,000.00Stock-award tax withholding−$1.00 MOther, net: -$10,000,000.00Other financing, net−$10.00 MNet cash used in financing activities: -$439,000,000.00. Cash required to fund net payments.Financing cash−$439.00 Mfinancing reconciliation: $2,179,000,000.00Acquisitions of businesses, net of cash acquired: -$539,000,000.00Acquisitions, net of cash−$539.00 MCapital expenditures: -$781,000,000.00Capital expenditures−$781.00 MProceeds from divestitures of businesses and other assets, net of cash divested: $41,000,000.00Business & asset sales, net+$41.00 MOther, net: $799,000,000.00Other investing, net+$799.00 MNet cash used in investing activities: -$480,000,000.00. Cash required to fund net payments.Investing cash−$480.00 Minvesting reconciliation: $1,320,000,000.00Cash sources and uses: $1,606,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $246,000,000.00Beginning cash$246.00 MEnding cash: Cash, cash equivalents, and restricted cash: $687,000,000.00Ending cash$687.00 MExchange-rate effect: $2,000,000.00FX effect+$2.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$577.00 MOperating cash − cash spent on productive assetsCash flow / Net income1.79×Operating cash flow ÷ net incomeNet cash change+$441.00 MEnding cash − beginning cash
Chart details

Waste Management, Inc cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
246,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,358,000,000 US dollars. Net cash provided.
Consolidated net income
760,000,000 US dollars
Depreciation, depletion and amortization
558,000,000 US dollars
Deferred income tax expense (benefit)
51,000,000 US dollars
Interest accretion on landfill and environmental remediation liabilities
33,000,000 US dollars
Provision for bad debts
11,000,000 US dollars
Equity-based compensation expense
27,000,000 US dollars
Net gain on disposal of assets
negative 22,000,000 US dollars
(Gain) loss from divestitures, asset impairments and other, net
6,000,000 US dollars
Equity in net (income) losses of unconsolidated entities, net of dividends
negative 1,000,000 US dollars
Receivables
negative 103,000,000 US dollars
Other current assets
negative 8,000,000 US dollars
Other assets
30,000,000 US dollars
Accounts payable and accrued liabilities
64,000,000 US dollars
Deferred revenues and other liabilities
negative 48,000,000 US dollars
Investing activities
negative 480,000,000 US dollars. Net cash used.
Acquisitions of businesses, net of cash acquired
negative 539,000,000 US dollars
Capital expenditures
negative 781,000,000 US dollars
Proceeds from divestitures of businesses and other assets, net of cash divested
41,000,000 US dollars
Other, net
799,000,000 US dollars
Financing activities
negative 439,000,000 US dollars. Net cash used.
New borrowings
1,734,000,000 US dollars
Debt repayments
negative 1,867,000,000 US dollars
Common stock repurchase program
0 US dollars
Cash dividends
negative 301,000,000 US dollars
Exercise of common stock options
6,000,000 US dollars
Tax payments associated with equity-based compensation transactions
negative 1,000,000 US dollars
Other, net
negative 10,000,000 US dollars
Operating adjustment reconciliation
780,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,179,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,320,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
2,000,000 US dollars
Ending cash on Sep 30, 2024
687,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,606,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
441,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.79×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,358,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
781,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
577,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $598.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,358,000,000 US dollars minus 781,000,000 US dollars equals 577,000,000 US dollars.
Waste Management, Inc (WM) FY2024 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!