Waste Management, Inc.

NYSE-WM

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	2,565	2,745	2,276	2,240	1,817	1,496	1,671	1,923	1,949	1,180	752
Consolidated Net Income
Net Income
Depreciation & Amortization	2,745	2,267	2,071	2,038	1,999	1,671	1,574	1,477	1,376	1,301	1,245
Depreciation, Depletion and Amortization
Share-Based Compensation Expense	169	118	93	84	108	94	86	89	101	90	72
Equity-Based Compensation Expense
Other Adjustments	718.5	291	530	319	288	469	463	110	-48	340	822
Deferred Income Tax Expense
Interest Accretion on Landfill and Environmental Remediation Liabilities
Interest Accretion on and Discount Rate Adjustments to Environmental Remediation Liabilities and Recovery Assets
Provision for Bad Debts
Minority Interest
Excess Tax Benefits Associated with Equity-Based Transactions
Net Gain on Disposal of Assets
Goodwill Impairment
Loss from Divestitures, Asset Impairments and Other, Net
Equity in Net Income of Unconsolidated Entities, Net of Dividends
Loss on Early Extinguishment of Debt, Net
Changes in Trade Receivables	-536	-313	-161	-329	28	-179	-53	-16	-271	-78	-178
Change in Receivables
Changes in Accounts Payable	167	281	90	393	206	-37	243	203	126	192	-97
Accounts Payable and Accrued Liabilities
Changes in Other Operating Activities	20	1	-180	-209	-108	-111	-110	-216	-53	-22	-88
Change in Other Current Assets
Change in Other Assets
Deferred Revenues and Other Liabilities
Cash from Operating Activities	5,856	5,390	4,719	4,536	4,338	3,403	3,874	3,570	3,180	3,003	2,528
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-3,454	-3,231	-2,895	-2,587	-1,904	-1,632	-1,818	-1,694	-1,509	-1,339	-1,233
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	167	158	78	27	96	885	49	208	99	43	145
Proceeds from Divestitures of Businesses and Other Assets, Net of Cash Divested
Purchases of Investments	—	—	—	—	—	—	—	—	—	—	—
Purchases of Short-Term Investments
Proceeds from Sale of Investments	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Sales of Short-Term Investments
Payments for Business Acquisitions	-7,101	-7,488	-170	-377	-75	-4,085	-521	-460	-198	-608	-554
Acquisitions of Businesses, Net of Cash Acquired
Other Investing Activities	326.5	-40	-104	-126	-11	-15	-86	-223	-12	-25	34
Net Receipts from Restricted Trust and Escrow Accounts
Investments in Unconsolidated Entities
Other, Net
Cash from Investing Activities	-10,461	-10,601	-3,091	-3,063	-1,894	-4,847	-2,376	-2,169	-1,620	-1,929	-1,608
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	28,620	24,578	21,306	8,688	7,948	9,420	13,237	359	1,479	3,057	2,337
New Borrowings
Repayments of Long-Term Debt	-23,023	-17,870	-20,394	-7,328	-8,404	-9,629	-10,088	-499	-1,907	-2,682	-2,764
Debt Repayments
Net Issuance / (Repayments) of Long-Term Debt	5,597	6,708	912	1,360	-456	-209	3,149	-140	-428	375	-427
Issuance of Common Shares	65	53	44	44	66	63	67	52	95	63	77
Exercise of Common Stock Options
Excess Tax Benefits Associated with Equity-Based Transactions
Repurchases of Common Shares	-53	-314	-1,333	-1,539	-1,378	-436	-281	-1,033	-797	-755	-615
Common Stock Repurchase Program
Tax Payments Associated with Equity-Based Compensation Transactions
Net Issuance / (Repurchases) of Common Shares	12	-261	-1,289	-1,495	-1,312	-373	-214	-981	-702	-692	-538
Common Share Dividends Paid	-1,302	-1,210	-1,136	-1,077	-970	-927	-876	-802	-750	-726	-695
Cash Dividends
Other Financing Activities	-79	-82	-11	-4	-162	-50	-95	415	519	-41	-525
Net Commercial Paper Borrowings
Premiums and Other Paid on Early Extinguishment of Debt
Acquisitions of and Distributions Paid to Noncontrolling Interests
Other, Net
Cash from Financing Activities	4,228	5,155	-1,524	-1,216	-2,900	-1,559	1,964	-1,508	-1,361	-1,084	-2,185
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	2,402	2,159	1,824	1,949	2,434	1,771	2,056	1,876	1,671	1,664	1,295
NOPAT	3,273.2	3,225.3	2,693.4	2,583.1	2,293.5	1,923.5	2,148.1	2,257.3	2,344.8	1,487	1,450.8
Levered Free Cash Flow	7,639	8,772	2,302	3,233	1,553	1,178	4,708	1,555	1,461	1,689	153
Unlevered Free Cash Flow	2,751.2	2,543.3	1,779.4	2,218.1	2,486.5	1,814.5	2,037.1	2,027.3	2,284.8	1,619	1,277.8
Net Change in Cash	-377	-56	104	257	-456	-3,003	3,462	-107	199	-10	-1,265