Company: CLH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000822818-25-000040
Chunk: 86

Company: CLEAN HARBORS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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Supplies inventories consist primarily of critical spare parts to support the Company’s incinerator and re-refinery operations and other general supplies used in the Company’s normal day-to-day operations. Other inventories consist primarily of parts washer components, cleaning fluids, absorbents and automotive fluids, such as windshield washer fluid and antifreeze.

(6) PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following (in thousands):September 30, 2025December 31, 2024Land$193,380 $184,191 Asset retirement costs (non-landfill)40,183 38,705 Landfill assets271,692 258,138 Buildings and improvements (1)738,889 719,439 Vehicles (2)1,563,165 1,455,530 Equipment (3)2,616,154 2,600,085 Construction in progress93,818 70,305 5,517,281 5,326,393 Less - accumulated depreciation and amortization3,019,681 2,878,452 Total property, plant and equipment, net$2,497,600 $2,447,941 ________________(1) Balances inclusive of gross right-of-use (“ROU”) assets classified as finance leases of $8.0 million in each period.(2) Balances inclusive of gross ROU assets classified as finance leases of $287.3 million and $230.5 million, respectively.(3) Balances inclusive of gross ROU assets classified as finance leases of $9.2 million in each period.Depreciation expense, inclusive of landfill and finance lease amortization, was $101.3 million and $302.5 million for the three and nine months ended September 30, 2025, respectively. Depreciation expense, inclusive of landfill and finance lease amortization, was $86.2 million and $254.9 million for the three and nine months ended September 30, 2024, respectively. For the three and nine months ended September 30, 2025, capitalized interest recorded by the Company was negligible. For the three and nine months ended September 30, 2024, the Company recorded $3.3 million and $8.6 million, respectively, of capitalized interest mainly due to the construction of a new incinerator in Kimball, Nebraska.

(7) GOODWILL AND OTHER INT