Waste Management 2007 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2007 Waste Management annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions, except shares in thousands)
Shares Amounts
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss)
Restricted
Stock
Unearned
Compensation Shares Amounts
Comprehensive
Income
Common Stock Treasury Stock
Balance, December 31, 2004 ........ 630,282 $ 6 $4,481 $3,004 $ 69 $ (4) (60,070) $(1,585)
Net income .................. — — — 1,182 — — — — $1,182
Cash dividends declared . ......... — — — (571) — — — — —
Equity-based compensation transactions,
net of taxes . . . .............. — — 6 — — 2 6,573 176 —
Common stock repurchases ......... — — — — — — (24,727) (706) —
Unrealized gain resulting from changes
in fair values of derivative
instruments, net of taxes of $11. .... — — — — 16 — — — 16
Realized losses on derivative instruments
reclassified into earnings, net of taxes
of$4 .................... — — — — 6 — — — 6
Unrealized gain on marketable securities,
net of taxes of $1 ............. — — — — 2 — — — 2
Translation adjustment of foreign
currency statements . . . ......... — — — — 33 — — — 33
Other . ..................... — — (1) — — — 195 5 —
Balance, December 31, 2005 ........ 630,282 $ 6 $4,486 $3,615 $126 $ (2) (78,029) $(2,110) $1,239
Net income .................. — — — 1,149 — — — — $1,149
Cash dividends declared . ......... — — — (355) — — — — —
Cash dividends adjustment ......... — — — 1 — — — — —
Equity-based compensation transactions,
net of taxes . . . .............. — — 24 — — 2 11,483 321 —
Common stock repurchases ......... — — — — — — (30,965) (1,073) —
Unrealized loss resulting from changes
in fair values of derivative
instruments, net of taxes of $7 . .... — — — — (11) — — — (11)
Realized losses on derivative instruments
reclassified into earnings, net of taxes
of$3 .................... — — — — 5 — — — 5
Unrealized gain on marketable securities,
net of taxes of $3 ............. — — — — 5 — — — 5
Translation adjustment of foreign
currency statements . . . ......... — — — — 3 — — — 3
Underfunded post-retirement benefit
obligations, net of taxes of $3 . . .... — — — — 1 — — — —
Other . ..................... — — 3 — — — 912 26 —
Balance, December 31, 2006 ........ 630,282 $ 6 $4,513 $4,410 $129 $— (96,599) $(2,836) $1,151
Net income .................. — — — 1,163 — — — — $1,163
Cash dividends declared . ......... — — — (495) — — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes . . ................... — — 30 (2) — — 6,067 182 —
Common stock repurchases ......... — — — — — — (39,946) (1,421) —
Unrealized loss resulting from changes
in fair values of derivative
instruments, net of taxes of $22. .... — — — — (34) — — — (34)
Realized losses on derivative instruments
reclassified into earnings, net of taxes
of$30.................... — — — — 47 — — — 47
Unrealized gain on marketable securities,
net of taxes of $3 ............. — — — — (5) — — — (5)
Translation adjustment of foreign
currency statements . . . ......... — — — — 89 — — — 89
Change in funded status of defined
benefit plan liabilities, net of taxes of
$3...................... — — — — 3 — — — 3
Cumulative effect of change in
accounting principle . . ......... — — — 4 — — — — —
Other . ..................... — — (1) — — — 314 10 —
Balance, December 31, 2007 ........ 630,282 $ 6 $4,542 $5,080 $229 $— (130,164) $(4,065) $1,263
See notes to Consolidated Financial Statements.
57