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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 5.4B | 4.4% |
Gross Profit | 1.61B | 6.6% |
Cost of Revenue | 3.79B | 3.5% |
Operating expense | 501M | 2.5% |
Net Income | 680M | 4% |
EBITDA | 1.64B | 5.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 34B | 4.1% |
Total Liabilities | 26.5B | 3.8% |
Total Equity | 7.46B | 5.3% |
Shares Outstanding | 401M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.15B | 15.6% |
Cash from investing | -1.6B | 112.5% |
Cash from financing | 273M | 137% |
EPS
Financial Highlights for Waste Management in Q2 '24
Waste Management reported a revenue of 5.4B, which is a 4.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.61B, marking a 6.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.79B, a 3.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 501M, showing a -2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 680M, showing a -4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.64B, showing a 5.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Waste Management faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.