Company: CLH
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000822818-25-000007
Chunk: 335

Company: CLEAN HARBORS INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 335
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 54,382 54,487 

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

52

CLEAN HARBORS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

 For the years ended December 31, 202420232022Net income$402,299 $377,856 $411,744 Other comprehensive (loss) income, net of tax:Unrealized gain (loss) on available-for-sale securities37 559 (413)Unrealized gain on fair value of interest rate hedges12,056 5,163 61,124 Reclassification adjustment for interest rate hedge amounts realized in net income(14,295)(16,425)(683)Reclassification adjustment for settlement of interest rate hedges— (5,905)— Pension adjustments269 (550)318 Foreign currency translation adjustments(36,363)9,000 (31,515)Other comprehensive (loss) income, net of tax(38,296)(8,158)28,831 Comprehensive income$364,003 $369,698 $440,575 

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

53

CLEAN HARBORS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

 For the years ended December 31, 202420232022Cash flows from operating activities:   Net income$402,299 $377,856 $411,744 Adjustments to reconcile net income to net cash from operating activities:   Depreciation and amortization400,922 365,761 347,594 Allowance for doubtful accounts8,129 5,956 7,783 Amortization of deferred financing costs and debt discount6,321 5,309 6,301 Accretion of environmental liabilities13,456 13,667 12,943 Changes in environmental liability estimates4,139 4,828 8,272 Deferred income taxes18,437 12,685 17,549 Other expense (income), net1,454 (2,315)(2,472)Stock-based compensation27,981 20,703 26,844 Loss on early extinguishment of debt371 2,880 422 Gain on