Waste Management (WM) FY2022 results: revenue $19.7 billion, up 9.9% on the year
Waste Management Inc. (WM) reported revenue of $19.7 billion for fiscal 2022, the year ended 31 December 2022, up 9.9% on the year before. Net income was $2.2 billion, up 23.2%, and diluted earnings per share $5.39. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$19.7 billion
+9.9% on the year
FY2015FY2022
Operating margin
17.1%
16.5% a year earlier
FY2015FY2022
Net income
$2.2 billion
+23.2% on the year
FY2015FY2022
Diluted EPS
$5.39
+25.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,536
4,338
3,403
+4.6%
Capital expenditure
2,587
1,904
1,632
+35.9%
Free cash flow
1,949
2,434
1,771
-19.9%
Free cash flow margin
9.9%
13.6%
11.6%
Cash from investing
-3,063
-1,894
-4,847
Cash from financing
-1,216
-2,900
-1,559
Depreciation and amortisation
2,038
1,999
1,671
+2.0%
Share-based compensation
84.0
108
94.0
-22.2%
Buybacks
1,500
1,350
402
+11.1%
Dividends paid
1,077
970
927
+11.0%
Dividend per share
$2.60
$2.30
$2.18
+13.0%
Diluted shares, weighted
415m
423m
425m
-1.9%
Shares outstanding at period end
408m
416m
423m
-2.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,849
7,124
7,452
-3.9%
Non-controlling interest
15.0
2.0
2.0
+650.0%
Debt
14,984
13,405
13,810
+11.8%
Operating lease liabilities
460
459
453
+0.2%
Finance lease liabilities
258
291
314
-11.3%
Other liabilities
8,801
7,816
7,314
+12.6%
Total liabilities and equity
31,367
29,097
29,345
+7.8%
Goodwill
9,323
9,028
8,994
+3.3%
Intangible assets
827
898
1,024
-7.9%
Cash and equivalents
351
118
553
+197.5%
Receivables
2,461
2,278
2,097
+8.0%
Other assets
18,405
16,775
16,677
+9.7%
Total assets
31,367
29,097
29,345
+7.8%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.