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.
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- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Waste Management Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
- Cash and Cash Equivalents
- Cash balances showed moderate fluctuations from 2017 through early 2019, generally ranging between US$22 million and US$83 million. However, there was a substantial spike beginning in March 2019, with cash increasing dramatically to a peak of US$3,561 million by December 2019. Following this peak, cash reserves declined sharply throughout 2020 and into 2021, stabilizing at considerably lower levels around US$100-150 million by year-end 2021.
- Accounts Receivable, Net
- Accounts receivable demonstrated a generally stable upward trend over the five-year period. Values increased modestly from approximately US$1,634 million in early 2017 to over US$2,300 million by the end of 2021. Some quarters exhibited slight declines or plateaus, but the overall trajectory was upward, indicating a growth in credit sales or receivables over time.
- Other Receivables, Net
- Other receivables were more volatile without a clear long-term trend, fluctuating between US$200 million and US$500 million. Some notable spikes occurred in late 2017 and late 2020, suggesting occasional timing differences or changes in non-trade receivables.
- Parts and Supplies
- This category exhibited a slow but steady increase over time, rising from US$95 million in early 2017 to US$135 million by late 2021. The incremental growth suggests consistent inventory management reflective of operational needs.
- Other Current Assets
- Current other assets showed variability with some notable increases in late 2018 and late 2020. While fluctuating in the US$120-320 million range, these assets contributed to overall current assets but did not follow a defined trend.
- Current Assets
- Current assets increased steadily through 2017 and 2018, reached a remarkable peak around mid-2019 to mid-2020 driven largely by the extraordinary rise in cash and cash equivalents. Following the peak, current assets declined significantly but remained above the 2017-2018 levels, indicating an overall growth in liquidity and short-term resources despite recent reduction.
- Property and Equipment, Net
- Property and equipment showed a consistent upward trend with gradual increases over the observed periods, moving from approximately US$10,929 million in early 2017 to US$14,419 million by the end of 2021. This reflects ongoing investments and capital expenditures sustaining or expanding operational capacity.
- Goodwill
- Goodwill remained relatively stable from 2017 through 2019, fluctuating slightly around US$6,200 to US$6,600 million. Beginning in 2020, it increased markedly, reaching around US$9,000 million by the end of 2021, indicating significant acquisition activity or revaluation adjustments during this period.
- Other Intangible Assets, Net
- Other intangible assets showed a slight downward trend from early 2017 (about US$572 million) to the end of 2020 (about US$450 million), followed by a substantial increase to over US$1,000 million in early 2021, then subsequently decreasing slightly through the remainder of 2021. This pattern may reflect impairment, amortization, or new intangible asset recognition events.
- Restricted Trust and Escrow Accounts
- Data for this category is incomplete in early periods but shows a fluctuating pattern from 2018 onward, ranging generally between US$296 million and US$448 million. The variability indicates active management of restricted funds with no distinct upward or downward trend.
- Investments in Unconsolidated Entities
- Investments in unconsolidated entities experienced fluctuations within a US$250 million to US$500 million range, with no consistent trend, suggesting variable activity in joint ventures or associated companies.
- Other Long-Term Assets
- Other long-term assets remained relatively stable initially but increased notably from under US$400 million in 2017 to near US$900 million by late 2021, indicating possible increased capitalized expenses or investments in longer-term assets beyond the core property and equipment.
- Long-Term Assets
- Long-term assets as a whole showed a steady increase from approximately US$18,400 million in early 2017 to about US$26,000 million by the end of 2021. This reflects expansion and acquisitions contributing to asset growth over time.
- Total Assets
- Total assets consistently increased over the period, starting from around US$20,650 million in early 2017 and rising to nearly US$29,100 million by the end of 2021. The most significant asset growth occurred after early 2019, driven by increases in cash, property, goodwill, and long-term assets, reflecting expansion, acquisitions, or capital investments.