Waste Management 2007 Annual Report Download - page 89
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WASTE MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except share and par value amounts)
2007 2006
December 31,
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 348 $ 614
Accounts receivable, net of allowance for doubtful accounts of $46 and $51,
respectively ...................................................... 1,674 1,650
Other receivables .................................................... 218 208
Parts and supplies ................................................... 103 101
Deferred income taxes ................................................ 51 82
Other assets ........................................................ 86 527
Total current assets................................................. 2,480 3,182
Property and equipment, net of accumulated depreciation and amortization of $12,844
and $11,993, respectively .............................................. 11,351 11,179
Goodwill ............................................................ 5,406 5,292
Other intangible assets, net .............................................. 124 121
Other assets.......................................................... 814 826
Total assets ...................................................... $20,175 $20,600
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable.................................................... $ 656 $ 693
Accrued liabilities ................................................... 1,151 1,298
Deferred revenues ................................................... 462 455
Current portion of long-term debt ........................................ 329 822
Total current liabilities .............................................. 2,598 3,268
Long-term debt, less current portion ........................................ 8,008 7,495
Deferred income taxes .................................................. 1,411 1,365
Landfill and environmental remediation liabilities .............................. 1,312 1,234
Other liabilities ....................................................... 744 741
Total liabilities .................................................... 14,073 14,103
Minority interest in subsidiaries and variable interest entities ..................... 310 275
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares
issued .......................................................... 6 6
Additional paid-in capital .............................................. 4,542 4,513
Retained earnings ................................................... 5,080 4,410
Accumulated other comprehensive income ................................. 229 129
Treasury stock at cost, 130,163,692 and 96,598,567 shares, respectively ........... (4,065) (2,836)
Total stockholders’ equity ............................................ 5,792 6,222
Total liabilities and stockholders’ equity ................................. $20,175 $20,600
See notes to Consolidated Financial Statements.
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