“We partner with our
customers and communities to manage and reduce waste from collection to
disposal while recovering valuable resources and creating clean, renewable
energy. Waste Management, Inc. is a
holding company and all operations are conducted by its subsidiaries. Our subsidiaries
provide collection, transfer, recycling, and disposal services. We are also a
leading developer, operator and owner of waste-to-energy and landfill
gas-to-energy facilities in the United
States.
When the terms “the Company,” “we,” “us” or “our” are used on this site,
those terms refer collectively to Waste Management, Inc.’s consolidated
subsidiaries and variable interest entities, unless specifically noted
otherwise. Our 45,000 employees are committed to Environmental Performance —
our mission to maximize resource value, while minimizing environmental impact
so that both our economy and our environment can thrive. Serving over 20
million residential, industrial, municipal and commercial customers, Waste
Management posted $12.52 billion of revenues in 2010. Financial highlights of
2010 include: Internal revenue growth from yield from the Company’s collection
and disposal operations was 2.3% for 2010; internal revenue growth from volume
was negative 2.6% for 2010; revenues increased by 6.1%, or $724 million for
2010; free cash flow was $1.2 billion for 2010; capital expenditures were $1.1
billion for 2010. For 2010, the Company returned $1.1 billion to shareholders,
consisting of $604 million in dividends and $501 million in common stock
repurchases. Drawing on our resources and experience, we actively pursue
projects and initiatives that benefit the waste industry, the communities we
serve and the environment. Waste Management uses waste to create enough energy
to power more than 1 million homes every year. By 2020, we expect to double that
output, creating enough energy to power more than 2 million homes. As North America’s largest recycler, Waste Management
managed more than 7 million tons of recyclable commodities in 2009. By the year
2020, we expect to increase the amount of material we manage to more than 20
million tons per year. By the end of 2009, Waste Management had 119
landfill-gas-to-energy projects producing 540 megawatts of power, the
equivalent of powering approximately 400,000 homes. At the end of 2009, we had
more than 800 natural gas-powered trucks in our fleet, with plans to add 200
more in 2010. During the year, we also used technology to reduce the fuel burn
of every truck in our fleet. When fully implemented, this is expected to save 9
million gallons of fuel per year. Our wholly owned subsidiary Wheelabrator
Technologies owns or operates 16 waste-to-energy plants and five independent
power production facilities in the U.S. that generate enough energy to power
more than 900,000 homes. Through a joint venture with the Linde Group, we have
built a plant that converts landfill gas into liquefied natural gas for use as
fuel in our trucks. The facility is currently producing 13,000 gallons per
day. At the end of 2009, we had a total of 73 WHC-certified sites. We also set
a goal to have 25,000
acres dedicated solely to nature preservation by 2020,
and we have nearly reached that goal: at year-end, we had 24,000 protected
acres. ”
HERE
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