Item 16. Form 10-K Summary.
5K characters. Original on sec.gov ·
Item 16. Form 10-K Summary.
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WASTE MANAGEMENT, INC. | ||
| By: | /s/ JAMES C. FISH, JR. | |
| James C. Fish, Jr. | ||
| President, Chief Executive Officer and Director |
Date: February 15, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||
| /s/ JAMES C. FISH, JR. | President, Chief Executive Officer and Director | February 15, 2018 | ||
| James C. Fish, Jr. | (Principal Executive Officer) | |||
| /s/ DEVINA A. RANKIN | Senior Vice President and | February 15, 2018 | ||
| Devina A. Rankin | Chief Financial Officer | |||
| (Principal Financial Officer) | ||||
| /s/ LESLIE K. NAGY | Vice President and Chief Accounting Officer | February 15, 2018 | ||
| Leslie K. Nagy | (Principal Accounting Officer) | |||
| /s/ BRADBURY H. ANDERSON | Chairman of the Board and Director | February 15, 2018 | ||
| Bradbury H. Anderson | ||||
| /s/ FRANK M. CLARK, JR. | Director | February 15, 2018 | ||
| Frank M. Clark | ||||
| /s/ ANDRÉS R. GLUSKI | Director | February 15, 2018 | ||
| Andrés R. Gluski | ||||
| /s/ PARTICK W. GROSS | Director | February 15, 2018 | ||
| Patrick W. Gross | ||||
| /s/ VICTORIA M. HOLT | Director | February 15, 2018 | ||
| Victoria M. Holt | ||||
| /s/ KATHLEEN M. MAZZARELLA | Director | February 15, 2018 | ||
| Kathleen M. Mazzarella | ||||
| /s/ JOHN C. POPE | Director | February 15, 2018 | ||
| John C. Pope | ||||
| /s/ THOMAS H. WEIDEMEYER | Director | February 15, 2018 | ||
| Thomas H. Weidemeyer |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of Waste Management, Inc.
Opinion on the Financial Statement Schedule
We have audited the consolidated financial statements of Waste Management, Inc. (the Company) as of December 31, 2017 and 2016, and for each of the three years in the period ended December 31, 2017, and have issued our report thereon dated February 15, 2018 (included elsewhere in this Form 10-K). Our audits also included the financial statement schedule listed in Item 15(a)(2) of this Form 10-K. In our opinion, the financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects the information set forth therein.
Basis for Opinion
This schedule is the responsibility of the Company’s management. Our responsibility is to express an opinion on this schedule based on our audits. We believe that our audits provide a reasonable basis for our opinion.
| 5 | |
|---|---|
| /s/ ERNST & YOUNG LLP | |
| Houston, Texas February 15, 2018 |
WASTE MANAGEMENT, INC.
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
(In Millions)
| Accounts | ||||||||||||
| Balance | Charged | Written | Balance | |||||||||
| Beginning of | to | Off/Use of | End of | |||||||||
| Year | Income | Reserve | Year | |||||||||
| 2015 — Reserves for doubtful accounts (a) | $ | 31 | $ | 36 | $ | (42) | $ | 25 | ||||
| 2016 — Reserves for doubtful accounts (a) | $ | 25 | $ | 42 | $ | (43) | $ | 24 | ||||
| 2017 — Reserves for doubtful accounts (a) | $ | 24 | $ | 43 | $ | (45) | $ | 22 | ||||
| 2015 — Merger and restructuring accruals (b) | $ | 45 | $ | 15 | $ | (47) | $ | 13 | ||||
| 2016 — Merger and restructuring accruals (b) | $ | 13 | $ | 4 | $ | (10) | $ | 7 | ||||
| 2017 — Merger and restructuring accruals (b) | $ | 7 | $ | — | $ | (5) | $ | 2 |
| (a) | Includes reserves for doubtful accounts receivable and notes receivable. |
|---|
| (b) | Included in accrued liabilities in our Consolidated Balance Sheets. These accruals represent employee severance and benefit costs and transitional costs. |
|---|
Previous: Item 15. Exhibits, Financial Statement Schedules.