Waste Management 2013 Annual Report Download - page 239
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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
WM
WM
Holdings
Non-Guarantor
Subsidiaries Eliminations Consolidated
Year Ended December 31, 2013
Operating revenues ......................... $ — $ — $13,983 $ — $13,983
Costs and expenses (b) ...................... — — 12,904 — 12,904
Income from operations ..................... — — 1,079 — 1,079
Other income (expense):
Interest income (expense) .................. (355) (32) (90) — (477)
Equity in earnings of subsidiaries, net of
taxes ................................. 313 332 — (645) —
Other, net ............................... — — (108) — (108)
(42) 300 (198) (645) (585)
Income before income taxes .................. (42) 300 881 (645) 494
Provision for (benefit from) income taxes ....... (140) (13) 517 — 364
Consolidated net income ..................... 98 313 364 (645) 130
Less: Net income attributable to noncontrolling
interests ................................ — — 32 — 32
Net income attributable to Waste Management,
Inc. .................................... $ 98 $ 313 $ 332 $ (645) $ 98
Year Ended December 31, 2012
Operating revenues ......................... $ — $ — $13,649 $ — $13,649
Costs and expenses (b) ...................... — (7) 11,805 — 11,798
Income from operations ..................... — 7 1,844 — 1,851
Other income (expense):
Interest income (expense) .................. (358) (32) (94) — (484)
Equity in earnings of subsidiaries, net of
taxes ................................. 1,034 1,046 — (2,080) —
Other, net ............................... — — (64) — (64)
676 1,014 (158) (2,080) (548)
Income before income taxes .................. 676 1,021 1,686 (2,080) 1,303
Provision for (benefit from) income taxes ....... (141) (13) 597 — 443
Consolidated net income ..................... 817 1,034 1,089 (2,080) 860
Less: Net income attributable to noncontrolling
interests ................................ — — 43 — 43
Net income attributable to Waste Management,
Inc. .................................... $ 817 $1,034 $ 1,046 $(2,080) $ 817
149