Company: CLH
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000822818-25-000007
Chunk: 311

Company: CLEAN HARBORS INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 311
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 31, 2023 and December 31, 2022, the other income, net amounts were $2.3 million and $2.5 million, respectively, largely driven by gains on similar disposals.

Loss on Early Extinguishment of Debt

For the years ended December 31,2024 over 20232023 over 2022(in thousands, except percentages)202420232022Change%ChangeChange%ChangeLoss on early extinguishment of debt$(371)$(2,880)$(422)$2,509 (87.1)%$(2,458)582.5 %

The increase in the loss on early extinguishment of debt for the year ended December 31, 2023 was due to the loss recognized for the repayment of certain Term Loans. In all of the periods presented, we also recognized small losses driven by the repricing of certain of our debt in 2024 and 2023 and the repayment of a portion of our outstanding debt in late 2022. For additional information regarding our current portfolio of long-term debt and related significant activity, see Note 12, “Financing Arrangements,” to our consolidated financial statements included in Item 8 of this report.

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Gain on Sale of BusinessFor the years ended December 31,2024 over 20232023 over 2022(in thousands, except percentages)202420232022Change%ChangeChange%ChangeGain on sale of business$— $— $8,864 $— — %$(8,864)(100.0)%

During the year ended December 31, 2022, we recognized an $8.9 million gain on the sale of a non-core line of business within our Environmental Services segment. For additional information regarding the gain on sale of business in 2022, see Note 5, “Disposition of Business,” to our consolidated financial statements included in Item 8 of this report.

Interest Expense, Net of Interest IncomeFor the years ended December 31,2024 over 20232023 over 2022(in thousands, except percentages)202420232022Change%ChangeChange%ChangeInterest expense, net of interest income$134,964 $108,595 $107,663 $26,369 24.3 %$932 0.9 %

Interest expense, net of interest income for the year ended December 31, 2024 increased by $26.4 million from the comparable period