Waste Management 2008 Annual Report Download - page 141
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Please find page 141 of the 2008 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.(h) The reconciliation of total assets reported above to “Total assets” in the Consolidated Balance Sheets is as
follows (in millions):
2008 2007 2006
December 31,
Total assets, as reported above. . . ............................. $20,810 $20,832 $21,182
Elimination of intercompany investments and advances ............. (583) (657) (582)
Total assets, per Consolidated Balance Sheets .................. $20,227 $20,175 $20,600
(i) Goodwill is included within each Group’s total assets. During the second quarter of 2008, we moved certain
Canadian business operations from the Western Group to the Midwest Group to facilitate improved business
execution. This realignment resulted in a reallocation of goodwill among our segments. The following table
shows changes in goodwill during 2007 and 2008 by reportable segment on a realigned basis (in millions):
Eastern Midwest Southern Western Wheelabrator WMRA Other Total
Balance, December 31, 2006 . . . $1,462 $1,253 $568 $1,115 $788 $106 $ — $5,292
Acquired goodwill ........... 5 11 13 2 — (2) 15 44
Divested goodwill, net of assets
held-for-sale .............. 4 — — 24 — (5) — 23
Translation adjustments ....... — 40 — 7 — — — 47
Balance, December 31, 2007 . . . $1,471 $1,304 $581 $1,148 $788 $ 99 $ 15 $5,406
Acquired goodwill ........... 4 20 10 53 — 44 1 132
Divested goodwill, net of assets
held-for-sale .............. (3) (2) (4) — — — — (9)
Translation and other
adjustments .............. (2) (52) (1) (12) — — — (67)
Balance, December 31, 2008 . . . $1,470 $1,270 $586 $1,189 $788 $143 $ 16 $5,462
The table below shows the total revenues by principal line of business (in millions):
2008 2007 2006
Years Ended December 31,
Collection ............................................... $ 8,679 $ 8,714 $ 8,837
Landfill ................................................ 2,955 3,047 3,197
Transfer ................................................ 1,589 1,654 1,802
Wheelabrator ............................................ 912 868 902
Recycling(a) ............................................. 1,180 1,135 905
Other(b) ................................................ 207 163 169
Intercompany(c) .......................................... (2,134) (2,271) (2,449)
Operating revenues ........................................ $13,388 $13,310 $13,363
107
WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)