FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

WM
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 30% to $2.8B — the highest of its last 8 readings, and covered net income 1.04×.

CASH FROM OPS +12.1%
6,043 24.0% MGN
CAPITAL EXPENDITURE -0.1%
3,227
FREE CASH FLOW +30.4%
2,816
FCF / NET INCOME +32.3%
1.04× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
1,925 1,670 1,496 1,816 2,238 2,304 2,746 2,708 -1.4% 2,853 2024-09-30 · $760.0M2024-12-31 · $598.0M2025-03-31 · $637.0M2025-06-30 · $726.0M2025-09-30 · $603.0M2025-12-31 · $742.0M2026-03-31 · $723.0M2026-06-30 · $785.0M
Depreciation & amortization
1,477 1,574 1,671 1,999 2,038 2,071 2,267 2,863 +26.3% 2,976
Stock-based comp
89 86 94 108 84 93 118 169 +43.2% 175
Cash from operations
3,570 3,874 3,403 4,338 4,536 4,719 5,390 6,043 +12.1% 6,517 2024-09-30 · $1.4B2024-12-31 · $1.5B2025-03-31 · $1.2B2025-06-30 · $1.5B2025-09-30 · $1.6B2025-12-31 · $1.7B2026-03-31 · $1.5B2026-06-30 · $1.7B
Cash conversion
1.85× 2.32× 2.27× 2.39× 2.03× 2.05× 1.96× 2.23× +13.7% 2.28×
Capital expenditures
(1,671) (1,815) (1,585) (2,039) (2,809) (2,895) (3,231) (3,227) -0.1% (2,944)
Free cash flow
1,899 2,059 1,818 2,299 1,727 1,824 2,159 2,816 +30.4% 3,573 2024-09-30 · $577.0M2024-12-31 · $396.0M2025-03-31 · $377.0M2025-06-30 · $813.0M2025-09-30 · $816.0M2025-12-31 · $810.0M2026-03-31 · $851.0M2026-06-30 · $1.1B
FCF margin
12.7% 13.3% 11.9% 12.8% 8.8% 8.9% 9.8% 11.2% +14.2% 13.9%
Cash from investing
-2,169 -2,376 -4,847 -1,894 -3,063 -3,091 -10,601 -3,566 — -3,078
Dividends paid
802 876 927 970 1,077 1,136 1,210 1,334 +10.2% 1,429
Share repurchases
NOT DISCLOSED
1,004 248 402 1,350 1,500 1,302 262 — — —
Debt repayment
499 10,088 9,629 8,404 7,328 20,394 17,870 21,747 +21.7% 24,997
Cash from financing
-1,508 1,964 -1,559 -2,900 -1,216 -1,524 5,155 -2,673 — -3,344
Net change in cash
-110 3,464 -2,999 -454 251 107 -65 -190 — 86
Ending cash balance
61 3,561 553 118 351 458 414 201 -51.4% 557

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,159 CASH FROM OPERATIONS+653 CAPITAL EXPENDITURES+4 TO2,816
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-29 ↗