Waste Management, Inc.

NYSE-WM

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	2,565	2,722	2,675	2,745	2,616	2,518
Consolidated Net Income
Depreciation & Amortization	2,745	2,574	2,409	2,267	2,141	2,102
Depreciation, Depletion and Amortization
Share-Based Compensation Expense	169	153	139	118	106	103
Equity-Based Compensation Expense
Other Adjustments	718.5	373.5	277.5	291	342	395
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
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	-509	-438	-313	-194	-183
Change in Receivables
Changes in Accounts Payable	167	238	96	281	176	197
Accounts Payable and Accrued Liabilities
Changes in Other Operating Activities	20	62	65	1	-94	-94
Change in Other Current Assets
Change in Other Assets
Deferred Revenues and Other Liabilities
Cash from Operating Activities	5,856	5,622	5,231	5,390	5,261	5,166
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-3,454	-3,459	-3,394	-3,231	-3,158	-3,050
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	167	203	241	158	109	90
Proceeds from Divestitures of Businesses and Other Assets, Net of Cash Divested
Payments for Business Acquisitions	-7,101	-7,611	-7,480	-7,488	-813	-295
Acquisitions of Businesses, Net of Cash Acquired
Other Investing Activities	326.5	1,109.5	357.5	-40	-61	-856
Net Receipts from Restricted Trust and Escrow Accounts
Other, Net
Cash from Investing Activities	-10,461	-10,157	-10,675	-10,601	-3,923	-4,111
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	28,620	24,533	25,159	24,578	14,901	19,130
New Borrowings
Repayments of Long-Term Debt	-23,023	-18,352	-18,463	-17,870	-14,022	-18,072
Debt Repayments
Net Issuance / (Repayments) of Long-Term Debt	5,597	6,181	6,696	6,708	879	1,058
Issuance of Common Shares	65	67	46	53	57	55
Exercise of Common Stock Options
Repurchases of Common Shares	-53	-53	-73	-314	-76	-1,020.5
Common Stock Repurchase Program
Tax Payments Associated with Equity-Based Compensation Transactions
Net Issuance / (Repurchases) of Common Shares	12	14	-27	-261	-19	-965.5
Common Share Dividends Paid	-1,302	-1,271	-1,239	-1,210	-1,190	-1,172
Cash Dividends
Other Financing Activities	-79	-86	-86	-82	-22	-15
Net Commercial Paper Borrowings
Premiums and Other Paid on Early Extinguishment of Debt
Other, Net
Cash from Financing Activities	4,228	4,838	5,356	5,155	-902	-1,069
Net Cash Provided by Financing Activities