Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 17

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Six Months EndedJune 30,20252024Cash flows from operating activities:Net income$185,585 $203,112 Adjustments to reconcile net income to net cash from operating activities:Depreciation and amortization228,265 195,569 Allowance for doubtful accounts3,249 4,349 Amortization of deferred financing costs and debt discount3,352 2,937 Accretion of environmental liabilities7,211 6,521 Changes in environmental liability estimates(8,954)3,963 Deferred income taxes— (88)Other expense, net1,535 1,308 Stock-based compensation13,698 14,853 Environmental expenditures(7,051)(9,934)Changes in assets and liabilities, net of acquisitions:Accounts receivable and unbilled accounts receivable(116,399)(116,307)Inventories and supplies2,952 (28,673)Other current and long-term assets(13,395)(28,870)Accounts payable(36,035)(12,418)Other current and long-term liabilities(54,368)(1,728)Net cash from operating activities209,645 234,594 Cash flows used in investing activities:Additions to property, plant and equipment(208,724)(273,023)Proceeds from sale and disposal of fixed assets4,063 4,295 Acquisitions, net of cash acquired— (477,201)Proceeds from sale of business— 750 Additions to intangible assets including costs to obtain or renew permits(777)(1,868)Purchases of available-for-sale securities(45,622)(55,318)Proceeds from sale of available-for-sale securities50,318 71,695 Net cash used in investing activities(200,742)(730,670)Cash flows (used in) from financing activities:Change in uncashed checks(2,767)(1,868)Tax payments related to withholdings on vested restricted stock(10,456)(4,599)Repurchases of common stock(67,001)(10,215)Proceeds from employee stock purchase plan3,360 — Deferred financing costs paid— (8,148)Payments on finance leases(16,754)(11,491)Principal payments on debt(7