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
Quarterly Data

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Waste Management Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 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
Investments in unconsolidated entities
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The analysis of the financial data reveals several notable trends and patterns over the reported periods. There is a clear division between current and long-term asset categories, both showing fluctuations that suggest shifts in the company's asset composition over time.

Cash and Cash Equivalents
Initially stable and low, this item showed a significant and abrupt increase around mid-2019 reaching a peak at the end of 2019, followed by a consistent decline into 2021. By the end of the period, cash levels returned closer to the earlier, lower values, indicating a potential change in liquidity management or cash deployment strategy.
Accounts Receivable, Net
This component remained relatively stable throughout the periods, fluctuating mildly but maintaining a range generally between 6.79% and 8.6% of total assets. This suggests consistency in credit sales and collections processes.
Other Receivables, Net
Exhibited moderate volatility with spikes and drops, notably increasing towards the end of 2020 and early 2021, which could indicate changes in other receivable management or timing differences in recognition.
Parts and Supplies
This item maintained a very consistent proportion, roughly around 0.4% to 0.47%, showing no significant trend, indicating stable inventory or supply levels relative to total assets.
Other Assets (Current)
Fluctuated slightly over time with minor increases and decreases, reaching a higher point near late 2020 but generally remaining below 1.3%, thereby indicating minor changes in other current asset components.
Current Assets
The overall current assets showed significant variation. There was a marked increase around mid to late 2019, driven largely by increased cash and equivalents, reaching over 22% of total assets. However, this was followed by a decline into 2021, suggesting a shift back towards a lower current asset base.
Property and Equipment, Net
Represented the majority of total assets, maintaining a dominant share generally between 46% and 53%. A noticeable dip occurred during mid-2019 but gradually recovered by 2021. This stability indicates significant investment in fixed assets with some periods of disposals or depreciation impacts.
Goodwill
Goodwill as a percentage of total assets generally declined from 2017 to 2019, reaching a low around 23.5%, then sharply increased from late 2019 onwards, peaking above 31% in 2021. This trend may reflect new acquisitions or impairment reversals affecting recorded goodwill.
Other Intangible Assets, Net
Dropped gradually from 2.77% in early 2017 to around 1.77% by mid-2020, followed by a sharp increase to approximately 3.5% in 2021, signaling potential additions to intangible assets or revaluations during that period.
Restricted Trust and Escrow Accounts
Data available from late 2017 onward shows a slight decline over time, moving from roughly 1.9% to around 1.2% by the end of 2021, implying modest reductions in restricted or escrowed funds.
Investments in Unconsolidated Entities
Remained relatively steady with minor fluctuations within a narrow range between 1.15% and 1.85%, showing no major changes in this asset class.
Other Long-Term Assets
Displayed an increasing trend moving from about 1.9% in 2017 to above 3% in the later periods, indicating a gradual buildup in miscellaneous long-term asset holdings.
Long-Term Assets
Consisted of the vast majority of total assets, generally fluctuating between 77.6% and 89.4%. A noticeable dip occurred during 2019, coinciding with the rise in current assets, before long-term assets increased again by 2021. This inversely correlated movement suggests strategic shifts between current and long-term asset allocations.

Overall, the data depicts a company with a strong emphasis on long-term assets, particularly property and equipment and goodwill, with periods of adjustment reflecting operational, investment, or acquisition activities. The significant fluctuations in cash, current assets, and goodwill highlight episodes of notable financial repositioning or strategic initiatives during the examined intervals.