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.

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.

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

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable
Accrued liabilities
Deferred revenues
Current portion of long-term debt
Current liabilities
Long-term debt, less current portion
Deferred income taxes
Landfill and environmental remediation liabilities
Other liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock at cost
Total Waste Management, Inc. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Accounts Payable
The accounts payable showed a relatively stable pattern from 2017 to 2019, slightly increasing from 1040 million to 1065 million US dollars. From 2020 onwards, there is a marked increase, reaching 1375 million US dollars by 2021, indicating a growing obligation to suppliers or vendors.
Accrued Liabilities
Accrued liabilities experienced continuous growth over the five-year period, rising from 980 million US dollars in 2017 to 1428 million US dollars in 2021. This reflects an increasing amount of expenses incurred but not yet paid.
Deferred Revenues
Deferred revenues exhibited a modest upward trend, moving from 503 million US dollars in 2017 to 571 million US dollars in 2021. The growth is steady but relatively moderate compared to other liabilities.
Current Portion of Long-term Debt
There is a notable decrease in the current portion of long-term debt from 739 million US dollars in 2017 to a low of 218 million in 2019. However, this figure increased sharply after 2019, reaching 708 million US dollars by 2021. This fluctuation suggests changes in debt repayment scheduling or refinancing activities.
Current Liabilities
Current liabilities decreased slightly from 3262 million US dollars in 2017 to 3108 million in 2018 but subsequently increased each year, peaking at 4082 million US dollars in 2021. This rising trend indicates increasing short-term obligations.
Long-term Debt, Less Current Portion
Long-term debt excluding the current portion showed a significant increase from 8752 million US dollars in 2017 to 13280 million US dollars in 2019, followed by a slight decline to 12697 million US dollars by 2021. This suggests major borrowing in the earlier years and some repayments or restructuring in later years.
Deferred Income Taxes
Deferred income taxes steadily grew from 1248 million US dollars in 2017 to 1806 million in 2020, then slightly decreased to 1694 million in 2021. The trend reflects changes in tax obligations deferred to future periods.
Landfill and Environmental Remediation Liabilities
These liabilities showed consistent growth over the years, increasing from 1770 million US dollars in 2017 to 2373 million in 2021. This trend likely reflects increasing environmental compliance costs or provisions for future land reclamation.
Other Liabilities
Other liabilities fluctuated, starting at 755 million US dollars in 2017, dropping to 553 million in 2018, then increasing steadily to 1125 million by 2021. This suggests varied components within this category with some volatility.
Long-term Liabilities
Long-term liabilities demonstrated a strong upward trajectory from 12525 million US dollars in 2017 to a peak of 18338 million in 2020, followed by a slight decline to 17889 million in 2021. This aligns with the rise in long-term debt during the same period.
Total Liabilities
Total liabilities rose consistently from 15787 million US dollars in 2017 to 21971 million in 2021. The sharpest increases occurred between 2018 and 2020, indicating rapidly growing obligations.
Common Stock
Common stock value remained constant at 6 million US dollars throughout the period, signifying no changes in the number of shares issued at par value.
Additional Paid-in Capital
Additional paid-in capital increased gradually from 4933 million US dollars in 2017 to 5169 million in 2021, indicating incremental equity financing or capital contributions over the years.
Retained Earnings
Retained earnings rose steadily from 8588 million US dollars in 2017 to 12004 million in 2021, demonstrating consistent profitability and accumulation of earnings after dividends.
Accumulated Other Comprehensive Income (Loss)
This item fluctuated during the period, starting near zero at 8 million US dollars in 2017, dipping into a loss of 87 million in 2018, recovering somewhat thereafter to 17 million in 2021. This indicates variability in unrealized gains or losses on items such as foreign currency translation or pension plans.
Treasury Stock at Cost
Treasury stock holdings increased in cost from -7516 million US dollars in 2017 to -10072 million in 2021, indicating ongoing repurchases of company stock, which reduces shareholders' equity.
Total Stockholders’ Equity
Total stockholders’ equity generally increased from 6019 million US dollars in 2017 to a peak of 7452 million in 2020, but declined slightly to 7124 million in 2021. The dip may be influenced by increased treasury stock repurchases or other equity adjustments.
Noncontrolling Interests
Noncontrolling interests remained minimal and stable between 1 and 23 million US dollars, showing negligible influence on overall equity.
Total Equity
Total equity followed a similar pattern to stockholders' equity, increasing from 6042 million US dollars in 2017 to 7454 million in 2020, then declining marginally to 7126 million in 2021.
Total Liabilities and Equity
This aggregate measure increased significantly from 21829 million US dollars in 2017 to a peak of 29345 million in 2020, then slightly decreased to 29097 million in 2021. The overall growth reflects expansion in the company’s balance sheet size driven mostly by increased liabilities, with equity growth partially offsetting liabilities increases.