Waste Management 2010 Annual Report Download - page 194
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CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
WM
WM
Holdings
Non-Guarantor
Subsidiaries Eliminations Consolidated
Year Ended December 31, 2010
Operating revenues ................... $ — $ — $12,515 $ — $12,515
Costs and expenses ................... — — 10,399 — 10,399
Income from operations ................ — — 2,116 — 2,116
Other income (expense):
Interest income (expense) ............. (324) (38) (107) — (469)
Equity in subsidiaries, net of taxes ...... 1,149 1,172 — (2,321) —
Equity in net losses of unconsolidated
entities and other, net .............. — — (16) — (16)
825 1,134 (123) (2,321) (485)
Income before income taxes ............. 825 1,134 1,993 (2,321) 1,631
Provision for (benefit from) income taxes . . . (128) (15) 772 — 629
Consolidated net income ............... 953 1,149 1,221 (2,321) 1,002
Less: Net income attributable to
noncontrolling interests .............. — — 49 — 49
Net income attributable to Waste
Management, Inc. .................. $ 953 $1,149 $ 1,172 $(2,321) $ 953
Year Ended December 31, 2009
Operating revenues ................... $ — $ — $11,791 $ — $11,791
Costs and expenses ................... — — 9,904 — 9,904
Income from operations ................ — — 1,887 — 1,887
Other income (expense):
Interest income (expense) ............. (268) (41) (104) — (413)
Equity in subsidiaries, net of taxes ...... 1,157 1,182 — (2,339) —
Equity in net losses of unconsolidated
entities and other, net .............. — — (1) — (1)
889 1,141 (105) (2,339) (414)
Income before income taxes ............. 889 1,141 1,782 (2,339) 1,473
Provision for (benefit from) income taxes . . . (105) (16) 534 — 413
Consolidated net income ............... 994 1,157 1,248 (2,339) 1,060
Less: Net income attributable to
noncontrolling interests .............. — — 66 — 66
Net income attributable to Waste
Management, Inc. .................. $ 994 $1,157 $ 1,182 $(2,339) $ 994
127
WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)