WM · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

WASTE MANAGEMENT INC · 2026-07-29 · Importance 54 · Surprise 40 · From source text

Net cash provided by operating activities increased $474 million year over year to $3.227 billion for the six months ended June 30, 2026, from $2.753 billion in 2025. The increase was primarily driven by higher earnings from the Collection and Disposal business, favorable working-capital changes, lower annual incentive compensation payments, and lower cash taxes. The $3.227 billion of operating cash flow represented a 17.2% year-over-year increase.

Key facts

• Waste Management's operating cash flows increased by $474 million for the six months ended June 30, 2026 compared to the prior year period, primarily due to higher earnings driven by Collection and Disposal, favorable working capital changes, lower annual incentive compensation payments and lower cash taxes. source
• Net cash provided by operating activities for the six months ended June 30, 2026 was $1,726 million compared to $1,545 million in the prior year period, a $181 million increase. source
• For the six months ended June 30, 2026, net cash provided by operating activities was $3,227 million compared to $2,753 million for the prior year period. source
• For the three months ended June 30, 2026, net cash provided by operating activities was $1,726 million and for the three months ended June 30, 2025 it was $1,545 million. source
• For the six months ended June 30, 2026, Waste Management reported a net loss of $(327) million. source

Impact estimates