GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at March 31, 2014 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	1,006	$	200,691	$	47,310	$	—		$	249,007
Intercompany receivables	255,774		2,418		212,558		(470,750		)	—
Accounts receivable, net	—		374,008		192,386		—			566,394
Other current assets	24,087		201,731		73,339		—			299,157
Property, plant and equipment, net	—		954,458		633,828		—			1,588,286
Investments in subsidiaries	2,671,744		952,030		144,953		(3,768,727		)	—
Intercompany debt receivable	—		475,548		3,701		(479,249		)	—
Goodwill	—		415,453		149,609		—			565,062
Permits and other intangibles, net	—		453,122		104,089		—			557,211
Other long-term assets	22,946		7,263		8,629		—			38,838
Total assets	$	2,975,557	$	4,036,722	$	1,570,402	$	(4,718,726	)	$	3,863,955
Liabilities and Stockholders’ Equity:
Current liabilities	$	37,586	$	424,583	$	125,149	$	—		$	587,318
Intercompany payables	—		468,281		2,469		(470,750		)	—
Closure, post-closure and remedial liabilities, net	—		154,440		30,854		—			185,294
Long-term obligations	1,400,000		—		—		—			1,400,000
Capital lease obligations, net	—		152		761		—			913
Intercompany debt payable	3,701		—		475,548		(479,249		)	—
Other long-term liabilities	88,635		103,107		53,053		—			244,795
Total liabilities	1,529,922		1,150,563		687,834		(949,999		)	2,418,320
Stockholders’ equity	1,445,635		2,886,159		882,568		(3,768,727		)	1,445,635
Total liabilities and stockholders’ equity	$	2,975,557	$	4,036,722	$	1,570,402	$	(4,718,726	)	$	3,863,955

Following is the condensed consolidating balance sheet at December 31, 2013 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	1,006	$	235,445	$	73,622	$	—		$	310,073
Intercompany receivables	269,580		2,448		230,224		(502,252		)	—
Accounts receivables	—		387,006		192,388		—			579,394
Other current assets	24,087		182,881		74,744		—			281,712
Property, plant and equipment, net	—		945,280		656,890		—			1,602,170
Investments in subsidiaries	2,683,158		967,186		144,953		(3,795,297		)	—
Intercompany debt receivable	—		493,402		3,701		(497,103		)	—
Goodwill	—		415,541		155,419		—			570,960
Permits and other intangibles, net	—		458,917		111,056		—			569,973
Other long-term assets	23,770		7,018		8,608		—			39,396
Total assets	$	3,001,601	$	4,095,124	$	1,651,605	$	(4,794,652	)	$	3,953,678
Liabilities and Stockholders’ Equity:
Current liabilities	$	33,626	$	466,454	$	139,465	$	—		$	639,545
Intercompany payables	—		499,749		2,503		(502,252		)	—
Closure, post-closure and remedial liabilities, net	—		158,298		31,814		—			190,112
Long-term obligations	1,400,000		—		—		—			1,400,000
Capital lease obligations, net	—		191		1,244		—			1,435
Intercompany debt payable	3,701		—		493,402		(497,103		)	—
Other long-term liabilities	88,635		103,125		55,187		—			246,947
Total liabilities	1,525,962		1,227,817		723,615		(999,355		)	2,478,039
Stockholders’ equity	1,475,639		2,867,307		927,990		(3,795,297		)	1,475,639
Total liabilities and stockholders’ equity	$	3,001,601	$	4,095,124	$	1,651,605	$	(4,794,652	)	$	3,953,678

Schedule of consolidating statement of income

Following is the consolidating statement of (loss) income for the three months ended March 31, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	443,874		$	219,005		$	(2,784	)	$	660,095
Product revenues	—			134,875			52,493			(796		)	186,572
Total revenues	—			578,749			271,498			(3,580		)	846,667
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			304,641			164,942			(2,784		)	466,799
Product cost of revenues	—			114,928			44,788			(796		)	158,920
Total cost of revenues	—			419,569			209,730			(3,580		)	625,719
Selling, general and administrative expenses	31			87,553			31,378			—			118,962
Accretion of environmental liabilities	—			2,348			376			—			2,724
Depreciation and amortization	—			42,732			26,624			—			69,356
Income from operations	(31		)	26,547			3,390			—			29,906
Other income	—			909			3,269			—			4,178
Interest (expense) income	(19,734		)	230			(50		)	—			(19,554		)
Equity in earnings of subsidiaries	30,109			8,462			—			(38,571		)	—
Intercompany dividend income	—			—			3,100			(3,100		)	—
Intercompany interest income (expense)	—			9,384			(9,384		)	—			—
Income before provision for income taxes	10,344			45,532			325			(41,671		)	14,530
Provision for income taxes	1,384			4,105			81			—			5,570
Net income	8,960			41,427			244			(41,671		)	8,960
Other comprehensive (loss) income	(41,525		)	(41,525		)	19,682			21,843			(41,525		)
Comprehensive (loss) income	$	(32,565	)	$	(98	)	$	19,926		$	(19,828	)	$	(32,565	)

Following is the consolidating statement of (loss) income for the three months ended March 31, 2013 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	399,235		$	281,419		$	(8,032	)	$	672,622
Product revenues	—			160,863			30,942			(2,264		)	189,541
Total revenues	—			560,098			312,361			(10,296		)	862,163
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			274,172			202,232			(8,032		)	468,372
Product cost of revenues	—			143,641			26,275			(2,264		)	167,652
Total cost of revenues	—			417,813			228,507			(10,296		)	636,024
Selling, general and administrative expenses	25			95,561			32,884			—			128,470
Accretion of environmental liabilities	—			2,400			435			—			2,835
Depreciation and amortization	—			37,289			22,717			—			60,006
Income from operations	(25		)	7,035			27,818			—			34,828
Other income (expense)	—			720			(195		)	—			525
Interest expense	(19,800		)	—			(73		)	—			(19,873		)
Equity in earnings of subsidiaries	30,221			21,413			—			(51,634		)	—
Intercompany dividend income	—			—			3,645			(3,645		)	—
Intercompany interest income (expense)	—			10,338			(10,338		)	—			—
Income before provision for income taxes	10,396			39,506			20,857			(55,279		)	15,480
(Benefit) provision for income taxes	(106		)	(474		)	5,558			—			4,978
Net income	10,502			39,980			15,299			(55,279		)	10,502
Other comprehensive (loss) income	(23,861		)	(23,861		)	11,772			12,089			(23,861		)
Comprehensive (loss) income	$	(13,359	)	$	16,119		$	27,071		$	(43,190	)	$	(13,359	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(283	)	$	2,808		$	2,071		$	4,596
Cash flows from investing activities:
Additions to property, plant and equipment	—			(46,287		)	(28,718		)	(75,005		)
Proceeds from sales of fixed assets	—			228			648			876
Costs to obtain or renew permits	—			(111		)	(964		)	(1,075		)
Proceeds from sales of marketable securities	—			—			12,870			12,870
Net cash used in investing activities	—			(46,170		)	(16,164		)	(62,334		)
Cash flows from financing activities:
Change in uncashed checks	—			60			(39		)	21
Proceeds from employee stock purchase plan	2,141			—			—			2,141
Remittance of shares, net	(750		)	—			—			(750		)
Repurchases of common stock	(1,225		)	—			—			(1,225		)
Excess tax benefit of stock-based compensation	117			—			—			117
Payments on capital leases	—			(41		)	(597		)	(638		)
Dividends (paid) / received	—			(4,275		)	4,275			—
Interest (payments) / received	—			12,864			(12,864		)	—
Net cash from financing activities	283			8,608			(9,225		)	(334		)
Effect of exchange rate change on cash	—			—			(2,994		)	(2,994		)
Decrease in cash and cash equivalents	—			(34,754		)	(26,312		)	(61,066		)
Cash and cash equivalents, beginning of period	1,006			235,445			73,622			310,073
Cash and cash equivalents, end of period	$	1,006		$	200,691		$	47,310		$	249,007

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2013 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(32,042	)	$	33,154		$	38,477		$	39,589
Cash flows from investing activities:
Additions to property, plant and equipment	—			(36,962		)	(35,287		)	(72,249		)
Proceeds from sale of fixed assets	—			250			671			921
Acquisitions, net of cash acquired	(197		)	—			—			(197		)
Costs to obtain or renew permits	—			(113		)	(612		)	(725		)
Net cash used in investing activities	(197		)	(36,825		)	(35,228		)	(72,250		)
Cash flows from financing activities:
Change in uncashed checks	—			20,562			5,857			26,419
Proceeds from exercise of stock options	397			—			—			397
Proceeds from employee stock purchase plan	1,546			—			—			1,546
Remittance of shares, net	(41		)	—			—			(41		)
Excess tax benefit of stock-based compensation	1,227			—			—			1,227
Deferred financing costs paid	(2,318		)	—			—			(2,318		)
Payments of capital leases	—			(80		)	(1,266		)	(1,346		)
Issuance costs related to 2012 issuance of common stock	(250		)	—			—			(250		)
Dividends (paid) / received	—			(3,645		)	3,645			—
Interest received / (payments)	—			11,307			(11,307		)	—
Net cash from financing activities	561			28,144			(3,071		)	25,634
Effect of exchange rate change on cash	—			—			(705		)	(705		)
(Decrease) increase in cash and cash equivalents	(31,678		)	24,473			(527		)	(7,732		)
Cash and cash equivalents, beginning of period	35,214			140,683			53,939			229,836
Cash and cash equivalents, end of period	$	3,536		$	165,156		$	53,412		$	222,104