Name: Waste Management Inc. (NYSE:WM) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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

US$ in millions

	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	118)	116)	148)	476)	553)	703)	2,663)	3,125)	3,561)	2,915)	2,250)	57)	61)	83)	47)	52)	22)	35)	32)	30)
Accounts receivable, net of allowance for doubtful accounts	2,278)	2,323)	2,195)	2,025)	2,097)	1,927)	1,888)	1,846)	1,949)	2,010)	2,017)	1,830)	1,931)	1,943)	1,838)	1,700)	1,805)	1,790)	1,772)	1,634)
Other receivables, net of allowance for doubtful accounts	268)	346)	450)	402)	527)	290)	219)	322)	370)	270)	243)	251)	344)	399)	351)	504)	569)	212)	305)	338)
Parts and supplies	135)	132)	126)	124)	124)	117)	118)	116)	106)	109)	104)	105)	102)	103)	100)	98)	96)	99)	96)	95)
Other assets	270)	267)	307)	300)	239)	320)	218)	226)	223)	256)	222)	245)	207)	147)	135)	137)	132)	164)	121)	126)
Current assets	3,069)	3,184)	3,226)	3,327)	3,540)	3,357)	5,106)	5,635)	6,209)	5,560)	4,836)	2,488)	2,645)	2,675)	2,471)	2,491)	2,624)	2,300)	2,326)	2,223)
Property and equipment, net of accumulated depreciation and amortization	14,419)	14,083)	14,110)	14,038)	14,148)	12,846)	12,917)	12,900)	12,893)	12,805)	12,665)	12,390)	11,942)	11,815)	11,625)	11,637)	11,559)	11,136)	11,002)	10,929)
Goodwill	9,028)	9,006)	8,992)	8,980)	8,994)	6,504)	6,512)	6,498)	6,532)	6,550)	6,512)	6,479)	6,430)	6,390)	6,346)	6,327)	6,247)	6,267)	6,248)	6,223)
Other intangible assets, net	898)	919)	956)	990)	1,024)	450)	472)	494)	521)	543)	547)	570)	572)	554)	553)	597)	547)	561)	573)	572)
Restricted trust and escrow accounts	348)	370)	446)	448)	347)	369)	382)	386)	313)	336)	354)	366)	296)	394)	419)	422)	319)	—)	—)	—)
Investments in unconsolidated entities	432)	402)	417)	426)	426)	425)	439)	451)	483)	494)	333)	334)	406)	419)	254)	266)	269)	287)	289)	295)
Other assets	903)	877)	890)	861)	866)	821)	791)	814)	792)	821)	739)	746)	359)	344)	346)	366)	264)	398)	401)	408)
Long-term assets	26,028)	25,657)	25,811)	25,743)	25,805)	21,415)	21,513)	21,543)	21,534)	21,549)	21,150)	20,885)	20,005)	19,916)	19,543)	19,615)	19,205)	18,649)	18,513)	18,427)
Total assets	29,097)	28,841)	29,037)	29,070)	29,345)	24,772)	26,619)	27,178)	27,743)	27,109)	25,986)	23,373)	22,650)	22,591)	22,014)	22,106)	21,829)	20,949)	20,839)	20,650)

Total assets exhibited a consistent upward trajectory over the analyzed period, growing from 20.65 billion USD in March 2017 to 29.10 billion USD by December 2021. This expansion was driven by a combination of steady capital investment, a significant liquidity surge in 2019, and a substantial acquisition event in late 2020.

Liquidity and Current Asset Volatility: Cash and cash equivalents remained relatively low, generally under 100 million USD, until June 2019, when a sharp increase to 2.25 billion USD was observed. This peak reached 3.56 billion USD by December 2019 before gradually declining to 118 million USD by the end of 2021. This volatility significantly impacted total current assets, which peaked at 6.21 billion USD in December 2019, reflecting a temporary strategic accumulation of liquidity.
Fixed Asset Investment: Property and equipment, net of accumulated depreciation, showed a steady and disciplined increase, rising from 10.93 billion USD in March 2017 to 14.42 billion USD in December 2021. This consistent growth indicates ongoing capital expenditures to expand or maintain operational capacity.
Acquisition Activity and Intangibles: A significant structural shift in the balance sheet occurred in December 2020. Goodwill increased abruptly from 6.50 billion USD in September 2020 to 8.99 billion USD in December 2020. Simultaneously, other intangible assets nearly doubled from 450 million USD to 1.02 billion USD during the same window. These concurrent jumps strongly indicate a major acquisition that substantially increased the company's long-term asset base.
Working Capital Trends: Net accounts receivable demonstrated a long-term growth trend, increasing from 1.63 billion USD in March 2017 to 2.28 billion USD in December 2021. This growth suggests a commensurate increase in revenue volume or a lengthening of the collection cycle over the five-year period.
Long-Term Asset Composition: Long-term assets grew from 18.43 billion USD in March 2017 to 26.03 billion USD in December 2021. While organic growth in property and equipment contributed to this increase, the most significant acceleration occurred between September and December 2020, where long-term assets rose by approximately 4.39 billion USD due to the aforementioned increase in goodwill and intangible assets.

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Waste Management Inc. (NYSE:WM)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data