WASTE MANAGEMENT INC (WM) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Operating revenues	19,698	17,931	15,218	15,455	14,914	14,485	13,609	12,961
Operating revenues growth	9.9%	17.8%	-1.5%	3.6%	3.0%	6.4%	5.0%	-7.4%
Costs and expenses:
Operating	12,294	11,111	9,341	9,496	9,249	9,021	8,486	8,231
Selling, general and administrative	1,938	1,864	1,728	1,631	1,453	1,468	1,410	1,343
Depreciation, depletion and amortization	2,038	1,999	1,671	1,574	1,477	1,376	1,301	1,245
Restructuring	1	8	9	6	4		4	15
(Gain) loss from divestitures, asset impairments and unusual items, net	62	-16	35
Total costs and expenses	16,333	29,948	12,784	12,749	24,308	23,714	11,313	10,916
Income from operations	3,365	2,965	2,434	2,706	2,789	2,636	2,296	2,045
Operating margin	17.1%	16.5%	16.0%	17.5%	18.7%	18.2%	16.9%	15.8%

Other income (expense):
Interest expense, net	-378	-365	-425	-411	-374	-363	-376	-385
Loss on early extinguishment of debt, net		-220	-53	-85		-6		-555
Equity in net losses of unconsolidated entities	67	36	68	55	41	68	44	38
Other, net	-2	5	5	-50	2	-8	-54	-7
Total other income (expense)	-447	-616	-541	-601	-413	-1,259	-1,324	-985
Income before income taxes	2,918	2,349	1,893	2,105	2,376	2,191	1,822	1,060
Income tax expense	678	532	397	434	453	242	642	308
Consolidated net income	2,240	1,817	1,496	1,671	1,923	1,949	1,180	752
Less: Net income (loss) attributable to noncontrolling interests	2	1		1	-2		-2	-1
Net income attributable to Waste Management, Inc.	2,238	1,816	1,496	1,670	1,925	1,949	1,182	753

Basic earnings per common share	$5.42	$4.32	$3.54	$3.93	$4.49	$4.44	$2.66	$1.66
Diluted earnings per common share	$5.39	$4.29	$3.52	$3.91	$4.45	$4.41	$2.65	$1.65