XML 85 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Consolidated net income $ 1,338us-gaap_ProfitLoss $ 130us-gaap_ProfitLoss $ 860us-gaap_ProfitLoss
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 1,292us-gaap_DepreciationDepletionAndAmortization 1,333us-gaap_DepreciationDepletionAndAmortization 1,297us-gaap_DepreciationDepletionAndAmortization
Deferred income tax (benefit) provision (118)us-gaap_DeferredIncomeTaxExpenseBenefit (149)us-gaap_DeferredIncomeTaxExpenseBenefit 67us-gaap_DeferredIncomeTaxExpenseBenefit
Interest accretion on landfill liabilities 88us-gaap_AccretionExpense 87us-gaap_AccretionExpense 84us-gaap_AccretionExpense
Interest accretion on and discount rate adjustments to environmental remediation liabilities and recovery assets 14wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets (10)wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets 6wm_AccretionExpenseAndDiscountRateAdjustmentsToEnvironmentalRemediationLiabilitiesAndRecoveryAssets
Provision for bad debts 42us-gaap_ProvisionForDoubtfulAccounts 39us-gaap_ProvisionForDoubtfulAccounts 57us-gaap_ProvisionForDoubtfulAccounts
Equity-based compensation expense 65us-gaap_ShareBasedCompensation 58us-gaap_ShareBasedCompensation 29us-gaap_ShareBasedCompensation
Excess tax benefits associated with equity-based transactions (5)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (10)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (11)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Net gain on disposal of assets (35)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (21)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (21)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Effect of goodwill impairments 10us-gaap_GoodwillImpairmentLoss 509us-gaap_GoodwillImpairmentLoss 4us-gaap_GoodwillImpairmentLoss
Effect of (income) expense from divestitures, asset impairments (other than goodwill) and unusual items and other (137)wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion 535wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion 95wm_IncomeExpenseFromDivestituresAssetImpairmentsExcludingGoodwillAndUnusualItemsNonCashPortion
Equity in net losses of unconsolidated entities, net of dividends 42us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 34us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 46us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Receivables (268)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 44us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (131)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Other current assets (19)us-gaap_IncreaseDecreaseInOtherCurrentAssets (7)us-gaap_IncreaseDecreaseInOtherCurrentAssets (50)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Other assets 22us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 4us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 105us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Accounts payable and accrued liabilities 117us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (27)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (57)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenues and other liabilities (117)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities (94)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities (85)wm_IncreaseDecreaseInDeferredRevenueAndOtherOperatingLiabilities
Net cash provided by (used in) operating activities 2,331us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,455us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,295us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (35)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (724)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (250)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Capital expenditures (1,151)us-gaap_PaymentsToAcquireProductiveAssets (1,271)us-gaap_PaymentsToAcquireProductiveAssets (1,510)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from divestitures of businesses and other assets (net of cash divested) 2,253wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities 138wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities 44wm_ProceedsFromDivestitureOfBusinessesNetOfCashDivestedAndProceedsFromSalesOfAssetsInvestingActivities
Net receipts from restricted trust and escrow accounts 19us-gaap_IncreaseDecreaseInRestrictedCash 71us-gaap_IncreaseDecreaseInRestrictedCash 14us-gaap_IncreaseDecreaseInRestrictedCash
Investments in unconsolidated entities (33)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (33)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (77)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Other (58)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (81)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (51)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash provided by (used in) investing activities 995us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,900)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,830)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
New borrowings 2,817us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 2,232us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 1,620us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Debt repayments (3,568)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (2,077)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (1,498)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Common stock repurchases (600)us-gaap_PaymentsForRepurchaseOfCommonStock (239)us-gaap_PaymentsForRepurchaseOfCommonStock  
Cash dividends (693)us-gaap_PaymentsOfDividendsCommonStock (683)us-gaap_PaymentsOfDividendsCommonStock (658)us-gaap_PaymentsOfDividendsCommonStock
Exercise of common stock options 93us-gaap_ProceedsFromStockOptionsExercised 132us-gaap_ProceedsFromStockOptionsExercised 43us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits associated with equity-based transactions 5us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 10us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 11us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Acquisitions of and distributions paid to noncontrolling interests (125)us-gaap_ProceedsFromPaymentsToMinorityShareholders (59)us-gaap_ProceedsFromPaymentsToMinorityShareholders (46)us-gaap_ProceedsFromPaymentsToMinorityShareholders
Other (1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities (2,072)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (687)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (530)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (4)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase (decrease) in cash and cash equivalents 1,249us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (136)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (64)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 58us-gaap_CashAndCashEquivalentsAtCarryingValue 194us-gaap_CashAndCashEquivalentsAtCarryingValue 258us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 1,307us-gaap_CashAndCashEquivalentsAtCarryingValue $ 58us-gaap_CashAndCashEquivalentsAtCarryingValue $ 194us-gaap_CashAndCashEquivalentsAtCarryingValue