Waste Management 2015 Annual Report Download - page 93

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 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,
2015(a) 2014(a) 2013(a) 2012 2011
(In millions, except per share amounts)
Statement of Operations Data:
Operating revenues ................................. $12,961 $13,996 $13,983 $13,649 $13,378
Costs and expenses:
Operating .................................... 8,231 9,002 9,112 8,879 8,541
Selling, general and administrative ................ 1,343 1,481 1,468 1,472 1,551
Depreciation and amortization .................... 1,245 1,292 1,333 1,297 1,229
Restructuring ................................. 15 82 18 67 19
Goodwill impairments .......................... — 10 509 4 1
(Income) expense from divestitures, asset impairments
(other than goodwill) and unusual items .......... 82 (170) 464 79 9
10,916 11,697 12,904 11,798 11,350
Income from operations ............................. 2,045 2,299 1,079 1,851 2,028
Other expense, net ................................. (985) (548) (585) (548) (508)
Income before income taxes .......................... 1,060 1,751 494 1,303 1,520
Provision for income taxes ........................... 308 413 364 443 511
Consolidated net income ............................ 752 1,338 130 860 1,009
Less: Net income (loss) attributable to noncontrolling
interests ........................................ (1) 40 32 43 48
Net income attributable to Waste Management, Inc. ....... $ 753 $ 1,298 $ 98 $ 817 $ 961
Basic earnings per common share ..................... $ 1.66 $ 2.80 $ 0.21 $ 1.76 $ 2.05
Diluted earnings per common share .................... $ 1.65 $ 2.79 $ 0.21 $ 1.76 $ 2.04
Cash dividends declared per common share ............. $ 1.54 $ 1.50 $ 1.46 $ 1.42 $ 1.36
Balance Sheet Data (at end of period):
Working capital (deficit) ............................ $ (165) $ 41 $ (628) $ (689) $ (767)
Goodwill and other intangible assets, net ............... 6,461 6,180 6,599 6,688 6,672
Total assets ....................................... 20,419 21,297 22,490 23,021 22,491
Debt, including current portion ....................... 8,981 9,435 10,226 9,916 9,756
Total Waste Management, Inc. stockholders’ equity ....... 5,345 5,866 5,707 6,354 6,070
Total equity ...................................... 5,367 5,889 6,002 6,675 6,390
(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 on the comparability of this information, see
Note 2 to the Consolidated Financial Statements.
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