Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 27

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 of the Company.

(5) INVENTORIES AND SUPPLIES

Inventories and supplies consisted of the following (in thousands):March 31, 2025December 31, 2024Supplies$211,022 $200,905 Oil and oil related products134,786 152,992 Solvent and solutions12,330 12,458 Other17,886 18,302 Total inventories and supplies$376,024 $384,657 Supplies inventories consist primarily of critical spare parts to support the Company’s incinerator and re-refinery operations and other general supplies used in our 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.

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(6) PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following (in thousands):March 31, 2025December 31, 2024Land$184,361 $184,191 Asset retirement costs (non-landfill)39,268 38,705 Landfill assets259,129 258,138 Buildings and improvements (1)718,973 719,439 Vehicles (2)1,500,145 1,455,530 Equipment (3)2,607,003 2,600,085 Construction in progress73,565 70,305 5,382,444 5,326,393 Less - accumulated depreciation and amortization2,918,824 2,878,452 Total property, plant and equipment, net$2,463,620 $2,447,941 ________________(1) Balances inclusive of gross right-of-use (“ROU”) assets classified as finance leases of $8.0 million in both periods.(2) Balances inclusive of gross ROU assets classified as finance leases of $258.2 million and $230.5 million, respectively.(3) Balances inclusive of gross ROU assets classified as finance leases of $9.2 million in both periods.Depreciation expense, inclusive of landfill and finance lease amortization, was $98.7 million and $82.2 million for the three months ended March 31, 2025 and March 31, 2024, respectively. For the three months ended March 31, 2025, capitalized interest recorded by the Company was