Waste Management 2014 Annual Report Download - page 222

WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CONDENSED CONSOLIDATING BALANCE SHEETS (Continued)
December 31, 2013
WM WM Holdings Non-Guarantor Subsidiaries Eliminations Consolidated
ASSETS
Current assets:
Cash and cash equivalents .............. $ — $ — $ 58 $ — $ 58
Other current assets ................... — 6 2,435 — 2,441
— 6 2,493 — 2,499
Property and equipment, net ................. — — 12,344 — 12,344
Investments in and advances to affiliates(a) .... 15,802 16,845 4,268 (36,915) —
Other assets .............................. 42 12 7,706 — 7,760
Total assets ...................... $15,844 $16,863 $26,811 $(36,915) $22,603
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt ........ $ 587 $ — $ 139 $ — $ 726
Accounts payable and other current
liabilities .......................... 109 13 2,166 — 2,288
696 13 2,305 — 3,014
Long-term debt, less current portion .......... 5,772 449 3,279 — 9,500
Due to affiliates(a) ........................ 3,669 599 — (4,268) —
Other liabilities ........................... — — 4,087 — 4,087
Total liabilities ................... 10,137 1,061 9,671 (4,268) 16,601
Equity:
Stockholders’ equity ................... 5,707 15,802 16,845 (32,647) 5,707
Noncontrolling interests ................ — — 295 — 295
5,707 15,802 17,140 (32,647) 6,002
Total liabilities and equity .......... $15,844 $16,863 $26,811 $(36,915) $22,603
(a) In conjunction with the preparation of our September 30, 2014 Condensed Consolidating Financial
Statements, we identified corrections associated with the presentation of affiliate obligations previously
reported in WM and WM Holdings’ “Investments in and advances to affiliates.” Accordingly, the 2013
Condensed Consolidating Balance Sheet included herein has been revised.
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