Waste Management 2008 Annual Report Download - page 142
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Please find page 142 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.(a) In addition to the revenue generated by WMRA, we have included recycling services generated within our four
geographic operating Groups in the “Recycling” line-of-business.
(b) The “Other” line-of-business includes in-plant services, methane gas recovery operations, Port-O-Let»
services, portable self-storage, fluorescent lamp recycling, street and parking lot sweeping services and
healthcare solutions services.
(c) Intercompany revenues between lines of business are eliminated within the Consolidated Financial Statements
included herein.
Net operating revenues relating to operations in the United States and Puerto Rico, as well as Canada are as
follows (in millions):
2008 2007 2006
Years Ended December 31,
United States and Puerto Rico ............................ $12,621 $12,566 $12,674
Canada ............................................. 767 744 689
Total ............................................. $13,388 $13,310 $13,363
Property and equipment (net) relating to operations in the United States and Puerto Rico, as well as Canada are
as follows (in millions):
2008 2007 2006
December 31,
United States and Puerto Rico ............................ $10,355 $10,122 $10,163
Canada ............................................. 1,047 1,229 1,016
Total ............................................. $11,402 $11,351 $11,179
21. Quarterly Financial Data (Unaudited)
Fluctuations in our operating results between quarters may be caused by many factors, including peri-
od-to-period changes in the relative contribution of revenue by each line of business and operating segment and
general economic conditions. In addition, our revenues and income from operations typically reflect seasonal
patterns. Our operating revenues tend to be somewhat higher in the summer months, primarily due to the higher
volume of construction and demolition waste. The volumes of industrial and residential waste in certain regions
where we operate also tend to increase during the summer months. Our second and third quarter revenues and results
of operations typically reflect these seasonal trends. Additionally, certain destructive weather conditions that tend to
occur during the second half of the year, such as hurricanes generally experienced by our Southern Group actually
increase our revenues in the areas affected. However, for several reasons, including significant start-up costs, such
revenue often generates comparatively lower margins. Certain weather conditions may result in the temporary
suspension of our operations, which can significantly affect the operating results of the affected regions. The
operating results of our first quarter also often reflect higher repair and maintenance expenses because we rely on
the slower winter months, when waste flows are generally lower, to perform scheduled maintenance at our
waste-to-energy facilities.
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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)