Waste Management 2012 Annual Report Download - page 107

Item 6. Selected Financial Data.
The information below was derived from the audited Consolidated Financial Statements included in this
report and in previous annual reports we filed with the SEC. This information should be read together with those
Consolidated Financial Statements and the notes thereto. The adoption of new accounting pronouncements,
changes in certain accounting policies and certain reclassifications impact the comparability of the financial
information presented below. These historical results are not necessarily indicative of the results to be expected
in the future.
Years Ended December 31,
2012(a) 2011(a) 2010(a) 2009 2008
(In millions, except per share amounts)
Statement of Operations Data:
Operating revenues ............................. $13,649 $13,378 $12,515 $11,791 $13,388
Costs and expenses:
Operating .................................. 8,879 8,541 7,824 7,241 8,466
Selling, general and administrative .............. 1,472 1,551 1,461 1,364 1,477
Depreciation and amortization .................. 1,297 1,229 1,194 1,166 1,238
Restructuring ............................... 67 19 (2) 50 2
(Income) expense from divestitures, asset
impairments and unusual items ............... 83 10 (78) 83 (29)
11,798 11,350 10,399 9,904 11,154
Income from operations ......................... 1,851 2,028 2,116 1,887 2,234
Other expense, net ............................. (548) (508) (485) (414) (437)
Income before income taxes ...................... 1,303 1,520 1,631 1,473 1,797
Provision for income taxes ....................... 443 511 629 413 669
Consolidated net income ........................ 860 1,009 1,002 1,060 1,128
Less: Net income attributable to noncontrolling
interests .................................... 43 48 49 66 41
Net income attributable to Waste Management, Inc. . . . $ 817 $ 961 $ 953 $ 994 $ 1,087
Basic earnings per common share ................. $ 1.76 $ 2.05 $ 1.98 $ 2.02 $ 2.21
Diluted earnings per common share ................ $ 1.76 $ 2.04 $ 1.98 $ 2.01 $ 2.19
Cash dividends declared per common share ......... $ 1.42 $ 1.36 $ 1.26 $ 1.16 $ 1.08
Balance Sheet Data (at end of period):
Working capital (deficit) ........................ $ (613) $ (689) $ (3) $ 109 $ (701)
Goodwill and other intangible assets, net ........... 6,688 6,672 6,021 5,870 5,620
Total assets ................................... 23,097 22,569 21,476 21,154 20,227
Debt, including current portion ................... 9,916 9,756 8,907 8,873 8,326
Total Waste Management, Inc. stockholders’ equity . . . 6,354 6,070 6,260 6,285 5,902
Total equity .................................. 6,675 6,390 6,591 6,591 6,185
(a) For more information regarding these financial data, see the Management’s Discussion and Analysis of
Financial Condition and Results of Operations section included in this report. For disclosures associated
with the impact of the adoption of new accounting pronouncements and changes in our accounting policies
on the comparability of this information, see Note 2 to the Consolidated Financial Statements.
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