FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

WM
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 8.6% to $3.6B — the highest of its last 8 readings, and covered net income 1.25×.

CASH FROM OPS +2.9%
6,517 25.4% MGN
CAPITAL EXPENDITURE -3.3%
2,944
FREE CASH FLOW +8.6%
3,573
FCF / NET INCOME +6.4%
1.25× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,641 2,746 2,675 2,721 2,564 2,708 2,794 2,853 +2.1% +4.9% 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
RESTATED · WAS 2,828
2,141 2,267 2,444 2,609 2,780 2,863 2,907 2,976 +2.4% +14.1% 2,976
Stock-based comp
106 118 139 153 169 169 170 175 +2.9% +14.4% 175
Cash from operations
5,261 5,390 5,231 5,622 5,856 6,043 6,336 6,517 +2.9% +15.9% 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
1.99× 1.96× 1.96× 2.07× 2.28× 2.23× 2.27× 2.28× +0.7% +10.6% 2.28×
Capital expenditures
(3,158) (3,231) (3,394) (3,459) (3,454) (3,227) (3,046) (2,944) -3.3% -14.9% (2,944)
Free cash flow
2,103 2,159 1,837 2,163 2,402 2,816 3,290 3,573 +8.6% +65.2% 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
9.8% 9.8% 8.0% 9.0% 9.7% 11.2% 12.9% 13.9% +7.5% +54.1% 13.9%
Cash from investing
-3,923 -10,601 -10,675 -10,157 -10,461 -3,566 -3,468 -3,078 — — -3,078
Dividends paid
1,190 1,210 1,239 1,271 1,302 1,334 1,383 1,429 +3.3% +12.4% 1,429
Share repurchases
NOT DISCLOSED
574 262 — — — — — — — — —
Debt repayment
14,022 17,870 18,463 18,352 23,023 21,747 22,709 24,997 +10.1% +36.2% 24,997
Cash from financing
-902 5,155 5,356 4,838 4,228 -2,673 -2,958 -3,344 — — -3,344
Net change in cash
437 -65 -94 306 -379 -190 -86 86 — -71.9% 86
Ending cash balance
614 414 216 440 175 201 158 557 +252.5% +26.6% 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
FROM3,290 CASH FROM OPERATIONS+181 CAPITAL EXPENDITURES+102 TO3,573
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-29 ↗