Company: CLH
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000822818-25-000007
Chunk: 93

Company: CLEAN HARBORS INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 93
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 (175,339)1,962,578 2,247,506 Net income— — — — 402,299 402,299 Other comprehensive loss— — — (38,296)— (38,296)Stock-based compensation— — 27,981 — — 27,981 Issuance of common stock for restricted share vesting, net of employee tax withholdings125 1 (13,760)— — (13,759)Repurchases of common stock(237)(2)(55,209)— — (55,211)Employee stock purchase plan15 — 3,009 — — 3,009 Balance at December 31, 202453,833 $538 $421,749 $(213,635)$2,364,877 $2,573,529 

The accompanying notes are an integral part of these consolidated financial statements.

55

CLEAN HARBORS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(1) OPERATIONS

Clean Harbors, Inc., through its subsidiaries (collectively, the "Company"), is a leading provider of sustainable environmental and industrial services throughout North America. The Company is also the largest re-refiner and recycler of used oil and the premier provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

(2) SIGNIFICANT ACCOUNTING POLICIES

The accompanying consolidated financial statements of the Company reflect the application of certain significant accounting policies as described below:Principles of ConsolidationThe accompanying consolidated financial statements include the accounts of Clean Harbors, Inc. and its majority-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Use of EstimatesThe preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (GAAP), requires management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Management bases its estimates on historical experience and other assumptions that it believes to be reasonable at the time. Actual results could differ from those estimates, and any such differences may be material to the consolidated financial statements. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in our consolidated financial statements in the period they are determined.Cash, Cash Equivalents, Marketable Securities and Unc