WASTE MANAGEMENT INC (WM) [Rocket]

In millions, except per share items	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20	Sep-30-20
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Operating revenues	5,027	4,661	4,678	4,665	4,476	4,112	4,067	3,861
Operating revenues growth	12.3%	13.4%	15.0%	20.8%	25.7%	10.3%	5.7%	-2.7%
Costs and expenses:
Operating	3,142	2,903	2,955	2,906	2,736	2,514	2,500	2,332
Selling, general and administrative	487	491	492	469	445	458	510	416
Depreciation, depletion and amortization	508	482	510	517	500	472	436	419
Restructuring			2	1	4	1		7
(Gain) loss from divestitures, asset impairments and unusual items, net		17	-16			17
Total costs and expenses	4,137	3,893	7,919	7,752	3,685	3,462	3,413	3,181
Income from operations	890	768	718	806	791	650	654	680
Operating margin	17.7%	16.5%	15.3%	17.3%	17.7%	15.8%	16.1%	17.6%

Other income (expense):
Interest expense, net	-93	-85	-83	-87	-98	-97	-97	-97
Loss on early extinguishment of debt, net					-220		-1	-52
Equity in net losses of unconsolidated entities	17	15	2	14	11	9	12	16
Other, net	-4	3	9	1	-6	1	3	1
Total other income (expense)	-114	-97	-76	-100	-335	-105	-107	-164
Income before income taxes	776	671	642	706	456	545	547	516
Income tax expense	189	157	136	167	105	124	109	126
Consolidated net income	587	514	506	539	351	421	438	390
Less: Net income (loss) attributable to noncontrolling interests		1		1
Net income attributable to Waste Management, Inc.	587	513	506	538	351	421	438	390

Basic earnings per common share	$1.42	$1.24	$1.21	$1.28	$0.83	$1.00	$1.04	$0.92
Diluted earnings per common share	$1.41	$1.23	$1.20	$1.28	$0.83	$0.99	$1.03	$0.92