Company: CLH
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000822818-25-000007
Chunk: 181

Company: CLEAN HARBORS INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 181
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 the comparable period in 2022. This reduction was due to certain performance targets not being met in 2023, leading to lower share-based compensation costs compared with 2022.

Depreciation and Amortization

For the years ended December 31,2024 over 20232023 over 2022(in thousands, except percentages)202420232022Change% ChangeChange% ChangeDepreciation of fixed assets and amortization of landfills and finance leases$346,536 $315,499 $297,357 $31,037 9.8 %$18,142 6.1 %Permits and other intangibles amortization54,386 50,262 50,237 4,124 8.2 25 — Total depreciation and amortization$400,922 $365,761 $347,594 $35,161 9.6 %$18,167 5.2 %

Depreciation and amortization for the year ended December 31, 2024 increased $35.2 million from the comparable period in 2023 due to incremental depreciation and amortization associated with the HEPACO and Noble acquisitions completed in March 2024 as well as incremental finance lease amortization. 

Depreciation and amortization for the year ended December 31, 2023 increased $18.2 million from the comparable period in 2022 due to incremental depreciation and amortization associated with the Thompson Industrial assets acquired on March 31, 2023 and increased finance lease and landfill amortization in the period.

Other (Expense) Income, net

For the years ended December 31,2024 over 20232023 over 2022(in thousands, except percentages)202420232022Change%ChangeChange%ChangeOther (expense) income, net$(1,454)$2,315 $2,472 $(3,769)(162.8)%$(157)(6.4)%

For the year ended December 31, 2024, other expense, net was $1.5 million due to recognized losses on the sale or disposal of fixed assets. In contrast, for the years ended December 31, 2023 and December 31, 2022, the other income, net amounts were $2.3 million and $2.5 million, respectively, largely driven by gains on similar disposals.

Loss on Early Extinguishment of Debt

For