Waste Management 2013 Annual Report Download - page 123

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,
2013(a) 2012(a) 2011(a) 2010 2009
(In millions, except per share amounts)
Statement of Operations Data:
Operating revenues ................................. $13,983 $13,649 $13,378 $12,515 $11,791
Costs and expenses:
Operating ...................................... 9,112 8,879 8,541 7,824 7,241
Selling, general and administrative .................. 1,468 1,472 1,551 1,461 1,364
Depreciation and amortization ...................... 1,333 1,297 1,229 1,194 1,166
Restructuring ................................... 18 67 19 (2) 50
Goodwill impairments ............................ 509 4 1 — —
(Income) expense from divestitures, asset impairments
(other than goodwill) and unusual items ............ 464 79 9 (78) 83
12,904 11,798 11,350 10,399 9,904
Income from operations ............................. 1,079 1,851 2,028 2,116 1,887
Other expense, net ................................. (585) (548) (508) (485) (414)
Income before income taxes .......................... 494 1,303 1,520 1,631 1,473
Provision for income taxes ........................... 364 443 511 629 413
Consolidated net income ............................ 130 860 1,009 1,002 1,060
Less: Net income attributable to noncontrolling interests . . . 32 43 48 49 66
Net income attributable to Waste Management, Inc. ....... $ 98 $ 817 $ 961 $ 953 $ 994
Basic earnings per common share ..................... $ 0.21 $ 1.76 $ 2.05 $ 1.98 $ 2.02
Diluted earnings per common share .................... $ 0.21 $ 1.76 $ 2.04 $ 1.98 $ 2.01
Cash dividends declared per common share ............. $ 1.46 $ 1.42 $ 1.36 $ 1.26 $ 1.16
Balance Sheet Data (at end of period):
Working capital (deficit) ............................ $ (515) $ (613) $ (689) $ (3) $ 109
Goodwill and other intangible assets, net ............... 6,599 6,688 6,672 6,021 5,870
Total assets ....................................... 22,603 23,097 22,569 21,476 21,154
Debt, including current portion ....................... 10,226 9,916 9,756 8,907 8,873
Total Waste Management, Inc. stockholders’ equity ....... 5,707 6,354 6,070 6,260 6,285
Total equity ...................................... 6,002 6,675 6,390 6,591 6,591
(a) For more information regarding these financial data, see Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations 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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