Company: CLH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000822818-25-000040
Chunk: 20

Company: CLEAN HARBORS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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IES

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Nine Months EndedSeptember 30,20252024Cash flows from operating activities:Net income$304,384 $318,325 Adjustments to reconcile net income to net cash from operating activities:Depreciation and amortization342,994 295,632 Allowance for doubtful accounts6,520 5,674 Amortization of deferred financing costs and debt discount5,024 4,623 Accretion of environmental liabilities10,710 10,139 Changes in environmental liability estimates(8,933)4,347 Deferred income taxes— (418)Other (income) expense, net(1,982)2,431 Stock-based compensation22,620 20,690 Environmental expenditures(10,960)(19,679)Changes in assets and liabilities, net of acquisitions:Accounts receivable and unbilled accounts receivable(113,131)(145,647)Inventories and supplies8,301 (39,673)Other current and long-term assets(5,467)(47,826)Accounts payable(35,492)30,004 Other current and long-term liabilities(12,956)35,211 Net cash from operating activities511,632 473,833 Cash flows used in investing activities:Additions to property, plant and equipment(303,169)(369,826)Proceeds from sale and disposal of fixed assets15,250 6,353 Acquisitions, net of cash acquired— (474,011)Proceeds from sale of business— 750 Additions to intangible assets including costs to obtain or renew permits(1,528)(2,545)Purchases of available-for-sale securities(62,108)(73,682)Proceeds from sale of available-for-sale securities74,968 100,021 Net cash used in investing activities(276,587)(812,940)Cash flows (used in) from financing activities:Change in uncashed checks(2,639)(5,852)Tax payments related to withholdings on vested restricted stock(13,833)(11,514)Repurchases of common stock(117,001)(30,215)Proceeds from employee stock purchase plan3,360 — Deferred financing costs paid— (8,316)Payments on finance leases(25,088)(23,596)Principal payments on debt(11,327