Waste Management 2013 Annual Report Download - page 168

WASTE MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS
(In Millions, Except Share and Par Value Amounts)
December 31,
2013 2012
ASSETS
Current assets:
Cash and cash equivalents ............................................................ $ 58 $ 194
Accounts receivable, net of allowance for doubtful accounts of $33 and $45, respectively .......... 1,699 1,737
Other receivables ................................................................... 111 102
Investment in unconsolidated entity ..................................................... 177 —
Parts and supplies ................................................................... 178 174
Deferred income taxes ............................................................... 113 76
Other assets ........................................................................ 163 140
Total current assets ................................................................ 2,499 2,423
Property and equipment, net of accumulated depreciation and amortization of $16,723 and $16,112,
respectively ........................................................................ 12,344 12,651
Goodwill ............................................................................ 6,070 6,291
Other intangible assets, net .............................................................. 529 397
Investments in unconsolidated entities ..................................................... 414 667
Other assets .......................................................................... 747 668
Total assets ...................................................................... $22,603 $23,097
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable ................................................................... $ 744 $ 842
Accrued liabilities ................................................................... 1,069 986
Deferred revenues ................................................................... 475 465
Current portion of long-term debt ....................................................... 726 743
Total current liabilities ............................................................. 3,014 3,036
Long-term debt, less current portion ...................................................... 9,500 9,173
Deferred income taxes ................................................................. 1,842 1,947
Landfill and environmental remediation liabilities ............................................ 1,518 1,459
Other liabilities ....................................................................... 727 807
Total liabilities ................................................................... 16,601 16,422
Commitments and contingencies
Equity:
Waste Management, Inc. stockholders’ equity:
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued ..... 6 6
Additional paid-in capital ........................................................... 4,596 4,549
Retained earnings ................................................................. 6,289 6,879
Accumulated other comprehensive income ............................................. 154 193
Treasury stock at cost, 165,961,646 and 166,062,235 shares, respectively ..................... (5,338) (5,273)
Total Waste Management, Inc. stockholders’ equity .................................... 5,707 6,354
Noncontrolling interests .............................................................. 295 321
Total equity ...................................................................... 6,002 6,675
Total liabilities and equity .............................................................. $22,603 $23,097
See notes to Consolidated Financial Statements.
78