For the year ending 2025-12-31, WM had -$190M decrease in cash & cash equivalents over the period. $2,816M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Consolidated net income | 2,709 | 2,745 | 2,276 | 2,240 |
| Depreciation, depletion and amortization | 2,863 | 2,267 | 2,071 | 2,038 |
| Deferred income tax expense (benefit) | 363 | 124 | 83 | 49 |
| Interest accretion on landfill and environmental remediation liabilities | 142 | 133 | 130 | 112 |
| Provision for bad debts | 93 | 51 | 56 | 50 |
| Equity-based compensation expense | 169 | 118 | 93 | 84 |
| Net gain on disposal of assets | 21 | 102 | 42 | 21 |
| Goodwill impairment | - | - | 168 | - |
| (gain) loss from divestitures, asset impairments and other, net | 248 | 82 | 75 | 62 |
| Equity in net (income) loss of unconsolidated entities, net of dividends | 10 | 4 | -60 | -67 |
| Loss on early extinguishment of debt, net | - | -7 | - | - |
| Receivables | 511 | 313 | 161 | 329 |
| Other current assets | 49 | -33 | 2 | 35 |
| Other assets | -225 | -181 | -61 | -42 |
| Accounts payable and accrued liabilities | 41 | 281 | 90 | 393 |
| Deferred revenues and other liabilities | -219 | -213 | -239 | -216 |
| Net cash provided by operating activities | 6,043 | 5,390 | 4,719 | 4,536 |
| Acquisitions of businesses, net of cash acquired | 395 | 7,488 | 170 | 377 |
| Capital expenditures | 3,227 | 3,231 | 2,895 | 2,587 |
| Proceeds from divestitures of businesses and other assets, net of cash divested | 121 | 158 | 78 | 27 |
| Other, net | 65 | 40 | 104 | 126 |
| Net cash used in investing activities | -3,566 | -10,601 | -3,091 | -3,063 |
| New borrowings | 20,414 | 24,578 | 21,306 | 8,688 |
| Debt repayments | 21,747 | 17,870 | 20,394 | 7,328 |
| Common stock repurchase program | - | 262 | 1,302 | 1,500 |
| Cash dividends | 1,334 | 1,210 | 1,136 | 1,077 |
| Exercise of common stock options | 61 | 53 | 44 | 44 |
| Tax payments associated with equity-based compensation transactions | 51 | 52 | 31 | 39 |
| Other, net | -16 | -82 | -11 | -4 |
| Net cash provided by (used in) financing activities | -2,673 | 5,155 | -1,524 | -1,216 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | 6 | -9 | 3 | -6 |
| Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | -190 | -65 | 107 | 251 |
| Cash and cash equivalents at beginning of period | 487 | 552 | 445 | 194 |
| Cash and cash equivalents at end of period | 297 | 487 | 552 | 445 |
WASTE MANAGEMENT INC (WM)
WASTE MANAGEMENT INC (WM)