Laserfiche WebLink
WASTE MANAGEMENT, INC. AND SUBSIDIARIES <br /> CONSOLIDATED STATEMENTS OF INCOME <br /> FOR THE THREE MONTHS ENDED DECEMBER 31 <br /> (000's omitted except per share amounts) <br /> 1992 1991 * <br /> REVENUE $2,203.080 $2.010.375 <br /> Operating expenses $1,503,822 $1,379,728 <br /> Special charges 56,450 296,000 <br /> Selling and administrative expenses 277,806 236,285 <br /> Goodwill amortization 20,441 14,560 <br /> Gains from stock transactions of subsidiaries -- (9,448) <br /> Gains from exchange of Exchangeable LYONs -- (27) <br /> Interest expense 57,079 43,613 <br /> Interest income (11,458) (11,797) <br /> Minority interest and sundry (income) expense, net (6,101) 2,222 <br /> Income before income taxes $ 305,041 $ 59,239 <br /> Provision for income taxes 122,236 32,700 <br /> NET INCOME $ 182,805 $ 26,539 <br /> AVERAGE COMMON AND COMMON <br /> EQUIVALENT SHARES OUTSTANDING 490,525 494,775 <br /> EARNINGS PER COMMON AND <br /> COMMON EQUIVALENT SHARE $0.37 0.05 <br /> * Certain items have been restated to conform to 1992 classifications. <br />