Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Waste Management Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable	1,375)	1,121)	1,065)	1,037)	1,040)
Accrued liabilities	1,428)	1,342)	1,327)	1,117)	980)
Deferred revenues	571)	539)	534)	522)	503)
Current portion of long-term debt	708)	551)	218)	432)	739)
Current liabilities	4,082)	3,553)	3,144)	3,108)	3,262)
Long-term debt, less current portion	12,697)	13,259)	13,280)	9,594)	8,752)
Deferred income taxes	1,694)	1,806)	1,407)	1,291)	1,248)
Landfill and environmental remediation liabilities	2,373)	2,222)	1,930)	1,828)	1,770)
Other liabilities	1,125)	1,051)	912)	553)	755)
Long-term liabilities	17,889)	18,338)	17,529)	13,266)	12,525)
Total liabilities	21,971)	21,891)	20,673)	16,374)	15,787)
Common stock, $0.01 par value	6)	6)	6)	6)	6)
Additional paid-in capital	5,169)	5,129)	5,049)	4,993)	4,933)
Retained earnings	12,004)	11,159)	10,592)	9,797)	8,588)
Accumulated other comprehensive income (loss)	17)	39)	(8)	(87)	8)
Treasury stock at cost	(10,072)	(8,881)	(8,571)	(8,434)	(7,516)
Total Waste Management, Inc. stockholders’ equity	7,124)	7,452)	7,068)	6,275)	6,019)
Noncontrolling interests	2)	2)	2)	1)	23)
Total equity	7,126)	7,454)	7,070)	6,276)	6,042)
Total liabilities and equity	29,097)	29,345)	27,743)	22,650)	21,829)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Waste Management Inc. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Waste Management Inc. long-term liabilities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Waste Management Inc. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
Total Waste Management, Inc. stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Waste Management Inc. total Waste Management, Inc. stockholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Waste Management Inc. (NYSE:WM)

Balance Sheet: Liabilities and Stockholders’ Equity