Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Waste Management Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Operating revenues	4,678)	4,665)	4,476)	4,112)	4,067)	3,861)	3,561)	3,729)	3,846)	3,967)	3,946)	3,696)	3,842)	3,822)	3,739)	3,511)	3,652)	3,716)	3,677)	3,440)
Operating costs	(2,955)	(2,906)	(2,736)	(2,514)	(2,500)	(2,332)	(2,180)	(2,329)	(2,314)	(2,441)	(2,443)	(2,298)	(2,379)	(2,373)	(2,313)	(2,184)	(2,263)	(2,302)	(2,290)	(2,166)
Gross profit	1,723)	1,759)	1,740)	1,598)	1,567)	1,529)	1,381)	1,400)	1,532)	1,526)	1,503)	1,398)	1,463)	1,449)	1,426)	1,327)	1,389)	1,414)	1,387)	1,274)
Selling, general and administrative	(492)	(469)	(445)	(458)	(510)	(416)	(377)	(425)	(445)	(386)	(391)	(409)	(370)	(345)	(365)	(373)	(369)	(356)	(353)	(390)
Depreciation and amortization	(510)	(517)	(500)	(472)	(436)	(419)	(414)	(402)	(395)	(404)	(409)	(366)	(370)	(376)	(384)	(347)	(342)	(350)	(356)	(328)
Restructuring	(2)	(1)	(4)	(1)	—)	(7)	(2)	—)	(3)	(1)	—)	(2)	—)	(1)	(1)	(2)	—)	2)	(1)	(1)
Gain (loss) from divestitures, asset impairments and unusual items, net	(1)	34)	—)	(17)	33)	(7)	(61)	—)	(34)	(1)	(7)	—)	44)	(28)	39)	3)	26)	(9)	(4)	3)
Income from operations	718)	806)	791)	650)	654)	680)	527)	573)	655)	734)	696)	621)	767)	699)	715)	608)	704)	701)	673)	558)
Interest expense, net	(83)	(87)	(98)	(97)	(97)	(97)	(119)	(112)	(110)	(105)	(100)	(96)	(97)	(93)	(93)	(91)	(91)	(90)	(90)	(92)
Loss on early extinguishment of debt	—)	—)	(220)	—)	(1)	(52)	—)	—)	—)	(1)	(84)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Equity in net losses of unconsolidated entities	(2)	(14)	(11)	(9)	(12)	(16)	(14)	(26)	(16)	(14)	(16)	(9)	(12)	(9)	(13)	(7)	(15)	(8)	(13)	(32)
Other, net	9)	1)	(6)	1)	3)	1)	1)	—)	2)	1)	1)	(54)	1)	—)	—)	1)	(14)	—)	—)	—)
Other income (expense)	(76)	(100)	(335)	(105)	(107)	(164)	(132)	(138)	(124)	(119)	(199)	(159)	(108)	(102)	(106)	(97)	(120)	(98)	(103)	(124)
Income before income taxes	642)	706)	456)	545)	547)	516)	395)	435)	531)	615)	497)	462)	659)	597)	609)	511)	584)	603)	570)	434)
Income tax expense	(136)	(167)	(105)	(124)	(109)	(126)	(88)	(74)	(84)	(120)	(115)	(115)	(128)	(99)	(110)	(116)	319)	(215)	(209)	(137)
Consolidated net income	506)	539)	351)	421)	438)	390)	307)	361)	447)	495)	382)	347)	531)	498)	499)	395)	903)	388)	361)	297)
Net (income) loss attributable to noncontrolling interests	—)	(1)	—)	—)	—)	—)	—)	—)	—)	—)	(1)	—)	—)	1)	—)	1)	—)	(2)	1)	1)
Net income attributable to Waste Management, Inc.	506)	538)	351)	421)	438)	390)	307)	361)	447)	495)	381)	347)	531)	499)	499)	396)	903)	386)	362)	298)

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Income statement item	Description	The company
Operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Waste Management Inc. operating revenues increased from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Waste Management Inc. income from operations increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Waste Management Inc. income before income taxes increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021.
Net income attributable to Waste Management, Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Waste Management Inc. net income attributable to Waste Management, Inc. increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021.

Waste Management Inc. (NYSE:WM)

Income StatementQuarterly Data

Income Statement
Quarterly Data