Waste Management, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.71B | $2.75B | $2.30B | $2.24B | $1.82B | $1.50B | $1.67B | $1.93B |
| Depreciation & Amortization | $2.86B | $2.27B | $2.07B | $2.04B | $2.00B | $1.67B | $1.57B | $1.48B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $421.0M | $180.0M | $129.0M | $129.0M | $143.0M | $107.0M | $106.0M | $101.0M |
| Stock-Based Compensation | $169.0M | $118.0M | $93.0M | $84.0M | $108.0M | $94.0M | $86.0M | $89.0M |
| Net Cash from Operating Activities | $6.04B | $5.39B | $4.72B | $4.54B | $4.34B | $3.40B | $3.87B | $3.57B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.23B | $3.23B | $2.90B | $2.81B | $2.04B | $1.59B | $1.82B | $1.67B |
| Business Acquisitions | $395.0M | $7.49B | $170.0M | $377.0M | $75.0M | $4.09B | $521.0M | $460.0M |
| Net Cash from Investing Activities | $-3.57B | $-10.60B | $-3.09B | $-3.06B | $-1.89B | $-4.85B | $-2.38B | $-2.17B |
| Financing Activities | ||||||||
| Dividends Paid | $1.33B | $1.21B | $1.14B | $1.08B | $970.0M | $927.0M | $876.0M | $802.0M |
| Stock Repurchases | — | $262.0M | $1.30B | $1.50B | $1.35B | $402.0M | $248.0M | $1.00B |
| Net Cash from Financing Activities | $-2.67B | $5.16B | $-1.52B | $-1.22B | $-2.90B | $-1.56B | $1.96B | $-1.51B |
| Net Change in Cash | $-190.0M | $-65.0M | $107.0M | $251.0M | $-454.0M | $-3.00B | $3.46B | $-110.0M |
| Free Cash Flow | $2.82B | $2.16B | $1.82B | $1.73B | $2.30B | $1.82B | $2.06B | $1.90B |