Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 30

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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2,600,085 Construction in progress77,855 70,305 5,503,753 5,326,393 Less - accumulated depreciation and amortization2,996,652 2,878,452 Total property, plant and equipment, net$2,507,101 $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 $288.6 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 $102.6 million and $201.2 million for the three and six months ended June 30, 2025, respectively. Depreciation expense, inclusive of landfill and finance lease amortization, was $86.5 million and $168.7 million for the three and six months ended June 30, 2024, respectively. For the three and six months ended June 30, 2025, capitalized interest recorded by the Company was negligible. For the three and six months ended June 30, 2024, the Company recorded $2.9 million and $5.3 million, respectively, of capitalized interest mainly due to the construction of a new incinerator in Kimball, Nebraska.

(7) GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in goodwill by segment for the six months ended June 30, 2025 were as follows (in thousands):Environmental ServicesSafety-Kleen Sustainability SolutionsTotalsBalance at January 1, 2025$1,296,204 $180,995 $1,477,199 Measurement period adjustments from prior period acquisitions146 (99)47 Foreign currency translation1,824 735 2,559 Balance at June 30, 2025$1,298,174 $181,631 $1,479,805 The Company assesses goodwill on an annual basis as of December 31 or at an interim date when events or changes in the business environment (“triggering events”) would more likely than not reduce the fair value of a reporting unit below its carrying value. During the period ended June 30, 2025, no such