Name: Waste Management Inc. (NYSE:WM) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (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
Accounts payable	1,375)	1,466)	1,393)	1,212)	1,121)	884)	904)	1,031)	1,065)	903)	908)	899)	1,037)	940)	829)	791)	1,040)	789)	808)	720)
Accrued liabilities	1,428)	1,473)	1,372)	1,281)	1,342)	1,259)	1,184)	1,155)	1,327)	1,358)	1,296)	1,158)	1,117)	1,171)	1,131)	1,031)	980)	1,136)	1,075)	963)
Deferred revenues	571)	562)	557)	548)	539)	496)	494)	497)	534)	517)	526)	512)	522)	512)	517)	495)	503)	484)	497)	479)
Current portion of long-term debt	708)	601)	361)	244)	551)	167)	3,190)	387)	218)	211)	116)	1,043)	432)	447)	828)	1,056)	739)	850)	390)	396)
Current liabilities	4,082)	4,102)	3,683)	3,285)	3,553)	2,806)	5,772)	3,070)	3,144)	2,989)	2,846)	3,612)	3,108)	3,070)	3,305)	3,373)	3,262)	3,259)	2,770)	2,558)
Long-term debt, less current portion	12,697)	12,446)	12,883)	13,244)	13,259)	10,255)	9,598)	13,065)	13,280)	13,147)	12,623)	9,323)	9,594)	9,569)	8,968)	8,901)	8,752)	8,495)	8,667)	8,646)
Deferred income taxes	1,694)	1,708)	1,744)	1,805)	1,806)	1,468)	1,367)	1,387)	1,407)	1,331)	1,289)	1,297)	1,291)	1,245)	1,250)	1,258)	1,248)	1,452)	1,487)	1,521)
Landfill and environmental remediation liabilities	2,373)	2,345)	2,299)	2,262)	2,222)	2,037)	2,030)	1,991)	1,930)	1,917)	1,900)	1,866)	1,828)	1,832)	1,810)	1,795)	1,770)	1,727)	1,712)	1,692)
Other liabilities	1,125)	1,066)	1,074)	1,045)	1,051)	1,049)	959)	920)	912)	938)	861)	858)	553)	634)	625)	714)	755)	716)	696)	695)
Long-term liabilities	17,889)	17,565)	18,000)	18,356)	18,338)	14,809)	13,954)	17,363)	17,529)	17,333)	16,673)	13,344)	13,266)	13,280)	12,653)	12,668)	12,525)	12,390)	12,562)	12,554)
Total liabilities	21,971)	21,667)	21,683)	21,641)	21,891)	17,615)	19,726)	20,433)	20,673)	20,322)	19,519)	16,956)	16,374)	16,350)	15,958)	16,041)	15,787)	15,649)	15,332)	15,112)
Common stock, $0.01 par value	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)	6)
Additional paid-in capital	5,169)	5,111)	5,104)	5,071)	5,129)	5,104)	5,040)	5,026)	5,049)	5,026)	4,962)	4,978)	4,993)	4,927)	4,935)	4,916)	4,933)	4,806)	4,828)	4,885)
Retained earnings	12,004)	11,740)	11,444)	11,337)	11,159)	10,952)	10,795)	10,718)	10,592)	10,364)	10,088)	9,924)	9,797)	9,464)	9,166)	8,867)	8,588)	7,871)	7,671)	7,497)
Accumulated other comprehensive income (loss)	17)	12)	70)	48)	39)	(16)	(41)	(91)	(8)	(33)	(22)	(53)	(87)	(16)	(49)	(28)	8)	14)	(33)	(66)
Treasury stock at cost	(10,072)	(9,697)	(9,272)	(9,035)	(8,881)	(8,891)	(8,909)	(8,916)	(8,571)	(8,578)	(8,568)	(8,440)	(8,434)	(8,142)	(8,004)	(7,717)	(7,516)	(7,419)	(6,986)	(6,805)
Total Waste Management, Inc. stockholders’ equity	7,124)	7,172)	7,352)	7,427)	7,452)	7,155)	6,891)	6,743)	7,068)	6,785)	6,466)	6,415)	6,275)	6,239)	6,054)	6,044)	6,019)	5,278)	5,486)	5,517)
Noncontrolling interests	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	1)	2)	1)	2)	2)	21)	23)	22)	21)	21)
Total equity	7,126)	7,174)	7,354)	7,429)	7,454)	7,157)	6,893)	6,745)	7,070)	6,787)	6,467)	6,417)	6,276)	6,241)	6,056)	6,065)	6,042)	5,300)	5,507)	5,538)
Total liabilities and equity	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)

Between March 2017 and December 2021, total liabilities and equity grew from 20.65 billion USD to 29.10 billion USD. This expansion was primarily driven by a significant increase in total liabilities, which rose from 15.11 billion USD to 21.97 billion USD over the analyzed period, while total equity experienced a more moderate increase from 5.54 billion USD to 7.13 billion USD.

Liability Structure and Debt Trends: Long-term debt, excluding the current portion, demonstrated a substantial upward trajectory, increasing from 8.65 billion USD in March 2017 to 12.70 billion USD by December 2021. A notable surge in leverage occurred between March 2019 and June 2019, where long-term debt jumped from 9.32 billion USD to 12.62 billion USD. Current liabilities also trended upward, although they exhibited significant volatility, most notably in June 2020, when they spiked to 5.77 billion USD due to a temporary surge in the current portion of long-term debt to 3.19 billion USD.
Environmental and Long-term Obligations: Landfill and environmental remediation liabilities showed a consistent and linear increase throughout the five-year period. These obligations rose from 1.69 billion USD in March 2017 to 2.37 billion USD in December 2021. This steady growth indicates the continuous accumulation of future closure and post-closure costs associated with waste management operations.
Equity and Shareholder Capital Management: Retained earnings exhibited strong and consistent growth, climbing from 7.50 billion USD in March 2017 to 12.00 billion USD in December 2021, reflecting sustained profitability. However, this growth was partially offset by an aggressive treasury stock repurchase program. Treasury stock at cost increased from negative 6.81 billion USD to negative 10.07 billion USD, indicating a significant allocation of capital toward share buybacks.
Short-term Obligation Patterns: Accounts payable and accrued liabilities both trended upward over the long term. Accounts payable grew from 720 million USD in March 2017 to 1.38 billion USD in December 2021. Accrued liabilities followed a similar pattern, increasing from 963 million USD to 1.43 billion USD. These trends suggest an increase in the scale of operational expenditures and a larger base of short-term vendor and employee obligations.

The overall financial position is characterized by a strategy of increasing leverage to support operations and shareholder returns. While the company successfully grew its retained earnings, the concurrent increase in long-term debt and the substantial investment in treasury stock buybacks have resulted in a liability-heavy balance sheet expansion.

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Waste Management Inc. (NYSE:WM)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data