Access the 2010 annual report of Waste Management by clicking on the Investor Relations, Financial Reporting, and Annual Reports links at www.wm.com.
Required
a. Review the company's statement of cash flows and calculate free cash flow for each of the three years presented.
b. According to the statement, in what major way did the company use its free cash flow over the three-year period?
c. What is the major difference between net income and operating cash flows? Does that make sense for a company like Waste Management?
d. What is your overall impression of the company's statement of cash flows?