Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 15, 2022.

Common-Size Balance Sheet: Assets

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Waste Management Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Accounts receivable, net of allowance for doubtful accounts
Other receivables, net of allowance for doubtful accounts
Parts and supplies
Other assets
Current assets
Property and equipment, net of accumulated depreciation and amortization
Goodwill
Other intangible assets, net
Restricted trust and escrow accounts
Equity method investments
Investments without readily determinable fair values
Redeemable preferred stock
Investments in unconsolidated entities
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash and cash equivalents
This item displayed significant variability, starting at a very low level of 0.1% of total assets in 2017, then increasing sharply to 12.84% in 2019 before declining again to 0.41% in 2021. The spike in 2019 suggests a temporary accumulation of liquid resources, followed by a reduction in subsequent years.
Accounts receivable, net of allowance for doubtful accounts
The percentage of total assets fluctuated mildly, ranging from 7.03% to 8.53% over the analyzed period. The highest level was recorded in 2018, with a slight decrease in 2019 and subsequent recovery by 2021, indicating relatively stable receivables management.
Other receivables, net of allowance for doubtful accounts
This category showed a gradual decline from 2.61% in 2017 to 0.92% in 2021, with a brief increase in 2020. The downward trend might reflect a reduction in non-traditional receivables or improved collection processes.
Parts and supplies
These assets remained relatively steady, hovering around 0.44% to 0.46% of total assets, with minor fluctuations, reflecting consistent inventory management over the years.
Other assets
This item showed a gradual increase from 0.6% in 2017 to 0.93% in 2021, indicating a slight growth in miscellaneous assets within total assets.
Current assets
The proportion of current assets decreased from 12.02% in 2017 to 10.55% in 2021, with a notable peak at 22.38% in 2019 mainly driven by the spike in cash and cash equivalents. Apart from this irregular increase, current assets exhibited an overall declining trend relative to total assets.
Property and equipment, net of accumulated depreciation and amortization
This asset category consistently represented a significant portion of total assets, though it declined from 52.95% in 2017 to a low of 46.47% in 2019 before rebounding to 49.55% in 2021. This trend suggests some asset base adjustments but generally stable investment in physical assets.
Goodwill
Goodwill experienced a fluctuating but generally high level, decreasing from 28.62% in 2017 to 23.54% in 2019, then rising sharply to 31.03% by 2021. The increase after 2019 likely indicates new acquisitions or adjustments in intangible asset valuations.
Other intangible assets, net
These assets saw a reduction from 2.51% in 2017 to 1.88% in 2019, followed by a marked increase to 3.49% in 2020 and a slight decrease to 3.09% in 2021. This pattern may reflect fluctuating investments or amortizations in intangible assets.
Restricted trust and escrow accounts
This item remained relatively stable, with slight decreases from 1.46% in 2017 to 1.13% in 2019 and mild increases thereafter, indicating consistent allocation to restricted accounts.
Equity method investments
Equity investments generally increased from 0.58% in 2017, peaking at 1.36% in 2019, then slightly declining but staying above the initial level. This growth suggests an expanded interest or investment in affiliated entities.
Investments without readily determinable fair values
A downward trend was observed here, with the proportion decreasing from 0.40% in 2017 to 0.16% in 2021, indicating divestment or revaluation of less liquid investment holdings.
Redeemable preferred stock
Remained small and fairly stable, fluctuating around 0.17% to 0.29% of total assets, with no significant changes over the analyzed period.
Investments in unconsolidated entities
This asset class showed an initial increase from 1.23% in 2017 to 1.79% in 2018, followed by a decline to about 1.45%-1.48% in later years, reflecting minor shifts in investment strategy or valuation.
Other assets (long-term)
The proportion of other long-term assets increased steadily from 1.21% in 2017 to 3.10% in 2021, indicating a relative growth in miscellaneous long-term assets.
Long-term assets
Long-term assets consistently composed the bulk of total assets, ranging from 77.62% in 2019 to around 89.45% in 2021. The notable dip in 2019 coincides with the spike in current assets, suggesting asset reclassification or acquisition timing effects. Overall, long-term assets dominate the asset structure.
Total assets
The total assets as a percentage of total assets is 100% by definition, providing a normalization basis for analysis.