Waste Management 2008 Annual Report Download - page 92
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CONSOLIDATED BALANCE SHEETS
(In millions, except share and par value amounts)
2008 2007
December 31,
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 480 $ 348
Accounts receivable, net of allowance for doubtful accounts of $39 and $46,
respectively ...................................................... 1,463 1,674
Other receivables .................................................... 147 218
Parts and supplies ................................................... 110 103
Deferred income taxes ................................................ 39 51
Other assets ........................................................ 96 86
Total current assets................................................. 2,335 2,480
Property and equipment, net of accumulated depreciation and amortization of $13,273
and $12,844, respectively .............................................. 11,402 11,351
Goodwill ............................................................ 5,462 5,406
Other intangible assets, net .............................................. 158 124
Other assets.......................................................... 870 814
Total assets ...................................................... $20,227 $20,175
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable.................................................... $ 716 $ 656
Accrued liabilities ................................................... 1,034 1,151
Deferred revenues ................................................... 451 462
Current portion of long-term debt ........................................ 835 329
Total current liabilities .............................................. 3,036 2,598
Long-term debt, less current portion ........................................ 7,491 8,008
Deferred income taxes .................................................. 1,484 1,411
Landfill and environmental remediation liabilities .............................. 1,360 1,312
Other liabilities ....................................................... 671 744
Total liabilities .................................................... 14,042 14,073
Minority interest in subsidiaries and variable interest entities ..................... 283 310
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 .............................................. 4,558 4,542
Retained earnings ................................................... 5,631 5,080
Accumulated other comprehensive income ................................. 88 229
Treasury stock at cost, 139,546,915 and 130,163,692 shares, respectively .......... (4,381) (4,065)
Total stockholders’ equity ............................................ 5,902 5,792
Total liabilities and stockholders’ equity ................................. $20,227 $20,175
See notes to Consolidated Financial Statements.
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