Waste Management 2010 Annual Report Download - page 135
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WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Millions, Except per Share Amounts)
2010 2009 2008
Years Ended December 31,
Operating revenues............................................ $12,515 $11,791 $13,388
Costs and expenses:
Operating ................................................. 7,824 7,241 8,466
Selling, general and administrative . ............................. 1,461 1,364 1,477
Depreciation and amortization .................................. 1,194 1,166 1,238
Restructuring .............................................. (2) 50 2
(Income) expense from divestitures, asset impairments and unusual items. . (78) 83 (29)
10,399 9,904 11,154
Income from operations ........................................ 2,116 1,887 2,234
Other income (expense):
Interest expense ............................................ (473) (426) (455)
Interest income ............................................. 4 13 19
Equity in net losses of unconsolidated entities ...................... (21) (2) (4)
Other, net ................................................. 5 1 3
(485) (414) (437)
Income before income taxes ..................................... 1,631 1,473 1,797
Provision for income taxes ...................................... 629 413 669
Consolidated net income ....................................... 1,002 1,060 1,128
Less: Net income attributable to noncontrolling interests .............. 49 66 41
Net income attributable to Waste Management, Inc. ................... $ 953 $ 994 $ 1,087
Basic earnings per common share ................................. $ 1.98 $ 2.02 $ 2.21
Diluted earnings per common share . . ............................. $ 1.98 $ 2.01 $ 2.19
Cash dividends declared per common share.......................... $ 1.26 $ 1.16 $ 1.08
See notes to Consolidated Financial Statements.
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