Waste Management 2008 Annual Report Download - page 148
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Please find page 148 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.CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
WMI
WM
Holdings
Non-Guarantor
Subsidiaries Eliminations Consolidated
Year Ended December 31, 2008
Operating revenues ................... $ — $ — $13,388 $ — $13,388
Costs and expenses ................... — — 11,154 — 11,154
Income from operations ................ — — 2,234 — 2,234
Other income (expense):
Interest income (expense) ............. (274) (40) (122) — (436)
Equity in subsidiaries, net of taxes ...... 1,254 1,278 — (2,532) —
Minority interest ................... — — (41) — (41)
Equity in net losses of unconsolidated
entities and other, net .............. — — (1) — (1)
980 1,238 (164) (2,532) (478)
Income before income taxes ............. 980 1,238 2,070 (2,532) 1,756
Provision for (benefit from) income taxes . . . (107) (16) 792 — 669
Net income ......................... $1,087 $1,254 $ 1,278 $(2,532) $ 1,087
Year Ended December 31, 2007
Operating revenues ................... $ — $ — $13,310 $ — $13,310
Costs and expenses ................... — — 11,056 — 11,056
Income from operations ................ — — 2,254 — 2,254
Other income (expense):
Interest income (expense) ............. (291) (66) (117) — (474)
Equity in subsidiaries, net of taxes ...... 1,347 1,389 — (2,736) —
Minority interest ................... — — (46) — (46)
Equity in net losses of unconsolidated
entities and other, net .............. — — (31) — (31)
1,056 1,323 (194) (2,736) (551)
Income before income taxes ............. 1,056 1,323 2,060 (2,736) 1,703
Provision for (benefit from) income taxes . . . (107) (24) 671 — 540
Net income ......................... $1,163 $1,347 $ 1,389 $(2,736) $ 1,163
Year Ended December 31, 2006
Operating revenues ................... $ — $ — $13,363 $ — $13,363
Costs and expenses ................... — — 11,334 — 11,334
Income from operations ................ — — 2,029 — 2,029
Other income (expense):
Interest income (expense) ............. (287) (79) (110) — (476)
Equity in subsidiaries, net of taxes ...... 1,331 1,381 — (2,712) —
Minority interest ................... — — (44) — (44)
Equity in net losses of unconsolidated
entities and other, net .............. — — (35) — (35)
1,044 1,302 (189) (2,712) (555)
Income before income taxes ............. 1,044 1,302 1,840 (2,712) 1,474
Provision for (benefit from) income taxes . . . (105) (29) 459 — 325
Net income ......................... $1,149 $1,331 $ 1,381 $(2,712) $ 1,149
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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)