Waste Management, Inc.

NYSE-WM

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	1,364	1,358	1,387	1,131	1,145	1,139
Consolidated Net Income
Depreciation & Amortization	1,364	1,210	1,057	1,045	1,026	1,048
Depreciation, Depletion and Amortization
Share-Based Compensation Expense	92	61	57	46	47	33
Equity-Based Compensation Expense
Other Adjustments	200	182	109	414	116	265
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
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	-323	-186	-127	-56	-105	-241
Change in Receivables
Changes in Accounts Payable	42	196	85	112	-22	143
Accounts Payable and Accrued Liabilities
Changes in Other Operating Activities	14	48	-47	-47	-133	-156
Change in Other Current Assets
Change in Other Assets
Deferred Revenues and Other Liabilities
Cash from Operating Activities	2,753	2,869	2,521	2,645	2,074	2,231
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-1,563	-1,896	-1,335	-1,715	-1,180	-1,619
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	103	100	58	32	46	16
Proceeds from Divestitures of Businesses and Other Assets, Net of Cash Divested
Payments for Business Acquisitions	-366	-7,245	-243	-52	-118	-367
Acquisitions of Businesses, Net of Cash Acquired
Other Investing Activities	-89	799	-839	-17	-87	7
Net Receipts from Restricted Trust and Escrow Accounts
Other, Net
Cash from Investing Activities	-1,915	-8,242	-2,359	-1,752	-1,339	-1,963
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	9,135	15,398	9,180	9,950	11,356	3,328
New Borrowings
Repayments of Long-Term Debt	-9,234	-9,118	-8,752	-9,320	-11,074	-2,645
Debt Repayments
Net Issuance / (Repayments) of Long-Term Debt	-99	6,280	428	630	282	683
Issuance of Common Shares	50	17	36	19	25	23
Exercise of Common Stock Options
Excess Tax Benefits Associated with Equity-Based Transactions
Repurchases of Common Shares	-49	-4	-310	-685	-648	-984
Common Stock Repurchase Program
Tax Payments Associated with Equity-Based Compensation Transactions
Net Issuance / (Repurchases) of Common Shares	1	13	-274	-666	-623	-961
Common Share Dividends Paid	-669	-602	-608	-564	-572	-533
Cash Dividends
Other Financing Activities	-14	-72	-10	-5	-6	2
Net Commercial Paper Borrowings
Premiums and Other Paid on Early Extinguishment of Debt
Other, Net
Cash from Financing Activities	-781	5,619	-464	-605	-919	-809
Net Cash Provided by Financing Activities