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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data  
Schedule of Unaudited Quarterly Financial Data

The following table summarizes the unaudited quarterly results of operations for 2017 and 2016 (in millions, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

First

    

Second

    

Third

    

Fourth

 

    

Quarter

    

Quarter

    

Quarter

    

Quarter

2017

 

 

  

 

 

  

 

 

  

 

 

  

Operating revenues

 

$

3,440

 

$

3,677

 

$

3,716

 

$

3,652

Income from operations

 

 

558

 

 

673

 

 

701

 

 

704

Consolidated net income

 

 

297

 

 

361

 

 

388

 

 

903

Net income attributable to Waste Management, Inc.

 

 

298

 

 

362

 

 

386

 

 

903

Basic earnings per common share

 

 

0.68

 

 

0.82

 

 

0.88

 

 

2.08

Diluted earnings per common share (a)

 

 

0.67

 

 

0.81

 

 

0.87

 

 

2.06

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

  

 

 

  

 

 

  

 

 

  

Operating revenues

 

$

3,176

 

$

3,425

 

$

3,548

 

$

3,460

Income from operations

 

 

508

 

 

611

 

 

560

 

 

617

Consolidated net income

 

 

256

 

 

286

 

 

304

 

 

334

Net income attributable to Waste Management, Inc.

 

 

258

 

 

287

 

 

302

 

 

335

Basic earnings per common share

 

 

0.58

 

 

0.65

 

 

0.68

 

 

0.76

Diluted earnings per common share

 

 

0.58

 

 

0.64

 

 

0.68

 

 

0.75

(a)

As of January 1, 2017, we adopted ASU 2016‑09 prospectively and no longer include excess tax benefits as assumed proceeds in the calculation of diluted weighted shares outstanding. See Note 2 for further discussion.