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Better Company

Economic
Impact

2017 was in many ways the best year ever for Waste Management, returning $1.5 billion to shareholders. This performance is a strong platform from which to spend resources to make long-term advancement on recycling technology and equipment, fleet efficiency and emissions reduction, and investment in our employees.

“Looking at the full year, 2017 was exceptional for Waste Management as our continued focus on improving core price, adding profitable volume in a disciplined manner and controlling costs led to arguably the best year in the company’s history.” Jim Fish, President and CEO

Revenue

(in billions)
chart1
Revenues grew 6.4 percent, our largest increase in revenue dollars since 1998

Adjusted Income from Operations1

(in billions)
chart2
Adjusted income from operations grew more than 9 percent

Adjusted Operating Margin1
 

 
chart3
Adjusted operating margin increased 50 basis points.2

Adjusted EPS1

 
chart4
Diluted earnings per share increased more than 10 percent.

Free Cash Flow1

(in billions)
chart5
Free cash flow increased $60 million year-over-year.

Adjusted Operating EBITDA1,3

(in billions)1
chart6
Operating EBITDA exceeded $4 billion.

Adjusted Operating EBITDA Margin1,3

 
chart7
Adjusted operating EBITDA margin increased 50 basis points.2

Cash Dividends

(in millions)
chart8
Cash dividends paid to shareholders were up 3.3 percent.

Share Repurchases

(in millions)
chart9
In 2017, we returned approximately $1.5 billion to shareholders through dividends and share repurchases.

Income Taxes Paid

(in millions)
chart10

Real Estate Taxes Paid

(in millions)
chart11
  • 1Non-GAAP measures. Please see pg. 137 in the Appendix to this report for additional information and a link to reconciliations of these measures.
  • 2A basis point is one-hundredth of 1 percent.
  • 3Operating EBITDA is defined as income from operations before depreciation and amortization.