Summary
Waste Management Inc. (WM) filed its 10-Q for the period ending March 30, 1999. This report details the company's financial performance and position during the first quarter of 1999. Investors should note that this filing precedes the significant announcement and subsequent investigation related to the company's accounting practices, which would come to light later. Therefore, this filing represents the company's reported financial position as understood at that specific time, prior to the major accounting restatements and their full impact being revealed.
Key Highlights
- 1The 10-Q filing covers the financial performance of Waste Management Inc. for the period ending March 30, 1999.
- 2This report provides the company's reported financial statements and operational details as of that specific date.
- 3Investors should be aware that subsequent events and investigations significantly altered the company's reported financial history.
- 4The filing itself does not contain information about the accounting issues that would later surface.
- 5This document serves as a snapshot of WM's reported financial health before the major accounting restatements.
- 6The provided text is a directory listing for the filing, not the full financial statements themselves.
Frequently Asked Questions
The primary purpose of this 10-Q filing is to provide investors and the public with an update on Waste Management Inc.'s financial performance and position for the quarterly period ending March 30, 1999. It includes unaudited financial statements and management's discussion and analysis.
No, this 10-Q filing, filed in May 1999, represents the company's reported financial information at that time. The significant accounting irregularities and subsequent restatements that came to light later are not reflected or discussed in this specific filing.
Key financial metrics typically found in a 10-Q include revenue, net income, earnings per share, cash flow from operations, and balance sheet items like total assets, liabilities, and equity. Investors use these to assess the company's profitability, liquidity, and financial stability.
It is crucial to understand the context of May 1999 because Waste Management Inc. was on the cusp of major accounting revelations. This filing reflects the company's stated financial position *before* those issues were fully disclosed and restated, making it a historical snapshot rather than a reflection of the company's ultimately reported financial history.