1、WASTE MANAGEMENT,INC.2 0 0 5 A N N U A L R E P O R TThink Green.In 2005 we launched a nationwide campaign to promote Waste Management to customers and communities across North America.The message is simple:Think Green.ThinkWaste Management.We want people to knowthat green is more than just the color
2、 of the22,000 big trucks they see on the streets everyday and that Waste Management is a companythat does much more than simply pick up thetrash.When we say Think Green,we aretalking about our commitment,as leaders in our industry,to using our strength,talents,resources and technologies to serve our
3、communities as well as our customers.We are talking about drawing on our decades of experience to refine and redefine the wayswaste is managed,from revolutionary landfilloperation to innovative recycling programs togreen energy initiatives.We are talking aboutour role as leaders in environmental ste
4、wardshipand our ongoing responsibility to create valuefor our customers,our communities,ouremployees and our shareholders.Think Greenis more than a theme line.Its the way we dobusiness.Its the way we think and the way we want the world to think about us.We Think Green.Think Waste Management.Waste Ma
5、nagement,Inc.is the leading provider ofcomprehensive waste managementand environmental services in NorthAmerica.As of December 31,2005,the company served 21 millionmunicipal,commercial,industrialand residential customers through a network of 413 collectionoperations,370 transfer stations,283 active
6、landfill disposal sites,17 waste-to-energy plants,131 recycling plants and 95 beneficial-use landfill gasprojects.Letter to Shareholders2Operations Review4Financial Information31DirectorsiOfficersiiCorporate InformationiiiCONTENTS2005 was a year of change and progress at Waste Management.We have lea