Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 16

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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213     

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

2

CLEAN HARBORS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

 Three Months EndedMarch 31, 20252024Net income$58,680 $69,832 Other comprehensive loss, net of tax:Unrealized gain (loss) on available-for-sale securities70 (84)Unrealized (loss) gain on fair value of interest rate hedges(3,106)8,661 Reclassification adjustment for interest rate hedge amounts realized in net income(2,583)(3,733)Pension adjustments(1)19 Foreign currency translation adjustments688 (9,150)Other comprehensive loss, net of tax(4,932)(4,287)Comprehensive income$53,748 $65,545 

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

3

CLEAN HARBORS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months EndedMarch 31,20252024Cash flows from operating activities:Net income$58,680 $69,832 Adjustments to reconcile net income to net cash from operating activities:Depreciation and amortization111,980 95,065 Allowance for doubtful accounts2,825 1,728 Amortization of deferred financing costs and debt discount1,666 1,329 Accretion of environmental liabilities3,620 3,217 Changes in environmental liability estimates(9,863)917 Deferred income taxes— (88)Other expense, net932 1,141 Stock-based compensation7,635 6,338 Environmental expenditures(2,591)(4,729)Changes in assets and liabilities, net of acquisitions:Accounts receivable and unbilled accounts receivable(74,576)(44,383)Inventories and supplies8,670 (13,572)Other current and long-term assets(6,983)(25,918)Accounts payable(10,989)(17,358)Other current and long-term liabilities(89,401)(54,970)Net cash from operating activities1,605 18,549 Cash flows used in investing activities:Additions to property,