Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 80

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 average useful life of approximately 13 years. The excess of the total purchase price, which includes the aggregate cash consideration paid in excess of the fair value of the tangible and intangible assets acquired and liabilities assumed, was recorded as goodwill. The goodwill recognized is attributable to the operating synergies and assembled workforce that the Company expects to realize from the acquisition. Goodwill generated from the acquisition is deductible for tax purposes.The operations of Noble are included in the Company’s financial statements as of the date of acquisition. Pro forma revenue and earnings amounts on a combined basis as if this acquisition had been completed on January 1, 2024 are immaterial to the consolidated financial statements of the Company.During 2024, the Company completed the acquisition of three additional privately-owned businesses for $17.1 million in total cash consideration. The operations of the acquired businesses were consolidated into the Environmental Services and SKSS segments. The acquisitions of the acquired businesses were not material in 2024 to the consolidated financial statements of the Company.

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Table of Contents

(5) INVENTORIES AND SUPPLIES

Inventories and supplies consisted of the following (in thousands):June 30, 2025December 31, 2024Supplies$215,415 $200,905 Oil and oil related products137,812 152,992 Solvent and solutions11,837 12,458 Other18,287 18,302 Total inventories and supplies$383,351 $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.

(6) PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following (in thousands):June 30, 2025December 31, 2024Land$192,821 $184,191 Asset retirement costs (non-landfill)40,245 38,705 Landfill assets266,464 258,138 Buildings and improvements (1)738,327 719,439 Vehicles (2)1,552,722 1,455,530 Equipment (3)2,635,319 2,600,085 Construction in progress77,855 70,305 5,