Waste Management 2012 Annual Report Download - page 155

WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In Millions, Except Shares in Thousands)
Total
Waste Management, Inc. Stockholders’ Equity
Noncontrolling
Interests
Common Stock Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury Stock
Shares Amounts Shares Amounts
Balance, December 31, 2009 ........... $6,591 630,282 $ 6 $4,543 $6,053 $208 (144,162) $(4,525) $306
Consolidated net income .............. 1,002 — — — 953 — — — 49
Other comprehensive income (loss), net of
taxes ............................ 22 — — — — 22 — — —
Cash dividends declared .............. (604) — — — (604) — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes ............................ 104 — — (15) (2) — 3,832 121 —
Common stock repurchases ............ (501) — — — — — (14,920) (501) —
Distributions paid to noncontrolling
interests ......................... (45) — — — — — — — (45)
Noncontrolling interests in acquired
businesses ........................ 52 — — — — — — — 52
Deconsolidation of variable interest
entities .......................... (31) — — — — — — — (31)
Other ............................. 1 — — — — — 14 1 —
Balance, December 31, 2010 ........... $6,591 630,282 $ 6 $4,528 $6,400 $230 (155,236) $(4,904) $331
Consolidated net income .............. 1,009 — — — 961 — — — 48
Other comprehensive income (loss), net of
taxes ............................ (58) — — — — (58) — — —
Cash dividends declared .............. (637) — — — (637) — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes ............................ 119 — — 33 (3) — 2,813 89 —
Common stock repurchases ............ (575) — — — — — (17,338) (575) —
Distributions paid to noncontrolling
interests ......................... (59) — — — — — — — (59)
Other ............................. — — — — — — 11 — —
Balance, December 31, 2011 ........... $6,390 630,282 $ 6 $4,561 $6,721 $172 (169,750) $(5,390) $320
Consolidated net income .............. 860 — — — 817 — — — 43
Other comprehensive income (loss), net of
taxes ............................ 21 — — — — 21 — — —
Cash dividends declared .............. (658) — — — (658) — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes ............................ 101 — — (15) (1) — 3,680 117 —
Distributions paid to noncontrolling
interests ......................... (46) — — — — — — — (46)
Other ............................. 7 — — 3 — — 8 — 4
Balance, December 31, 2012 ........... $6,675 630,282 $ 6 $4,549 $6,879 $193 (166,062) $(5,273) $321
See notes to Consolidated Financial Statements.
78