GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2015

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at March 31, 2015 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	84,881	$	78,608	$	70,250	$	—		$	233,739
Intercompany receivables	141,084		255,080		42,134		(438,298		)	—
Accounts receivable, net	—		388,652		132,911		—			521,563
Other current assets	33		214,784		73,066		—			287,883
Property, plant and equipment, net	—		973,825		528,672		—			1,502,497
Investments in subsidiaries	2,602,744		605,528		—		(3,208,272		)	—
Intercompany debt receivable	—		300,706		3,701		(304,407		)	—
Goodwill	—		324,930		120,482		—			445,412
Permits and other intangibles, net	—		435,343		84,702		—			520,045
Other long-term assets	15,982		13,005		5,916		—			34,903
Total assets	$	2,844,724	$	3,590,461	$	1,061,834	$	(3,950,977	)	$	3,546,042
Liabilities and Stockholders’ Equity:
Current liabilities	$	18,620	$	416,437	$	84,804	$	—		$	519,861
Intercompany payables	264,554		171,792		1,952		(438,298		)	—
Closure, post-closure and remedial liabilities, net	—		153,029		22,712		—			175,741
Long-term obligations	1,395,000		—		—		—			1,395,000
Intercompany debt payable	3,701		—		300,706		(304,407		)	—
Other long-term liabilities	—		246,459		46,132		—			292,591
Total liabilities	1,681,875		987,717		456,306		(742,705		)	2,383,193
Stockholders’ equity	1,162,849		2,602,744		605,528		(3,208,272		)	1,162,849
Total liabilities and stockholders’ equity	$	2,844,724	$	3,590,461	$	1,061,834	$	(3,950,977	)	$	3,546,042

Following is the condensed consolidating balance sheet at December 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	$	154,147	$	91,726	$	—		$	246,879
Intercompany receivables	133,219		156,920		39,724		(329,863		)	—
Accounts receivables	—		414,205		142,926		—			557,131
Other current assets	—		241,232		81,191		—			322,423
Property, plant and equipment, net	—		970,757		588,077		—			1,558,834
Investments in subsidiaries	2,694,727		663,191		—		(3,357,918		)	—
Intercompany debt receivable	—		327,634		3,701		(331,335		)	—
Goodwill	—		324,930		127,739		—			452,669
Permits and other intangibles, net	—		435,906		94,174		—			530,080
Other long-term assets	16,801		12,959		6,502		—			36,262
Total assets	$	2,845,753	$	3,701,881	$	1,175,760	$	(4,019,116	)	$	3,704,278
Liabilities and Stockholders’ Equity:
Current liabilities	$	20,820	$	444,059	$	107,592	$	—		$	572,471
Intercompany payables	163,361		164,231		2,271		(329,863		)	—
Closure, post-closure and remedial liabilities, net	—		158,622		25,109		—			183,731
Long-term obligations	1,395,000		—		—		—			1,395,000
Intercompany debt payable	3,701		—		327,634		(331,335		)	—
Other long-term liabilities	—		240,242		49,963		—			290,205
Total liabilities	1,582,882		1,007,154		512,569		(661,198		)	2,441,407
Stockholders’ equity	1,262,871		2,694,727		663,191		(3,357,918		)	1,262,871
Total liabilities and stockholders’ equity	$	2,845,753	$	3,701,881	$	1,175,760	$	(4,019,116	)	$	3,704,278

Schedule of consolidating statement of income

Following is the consolidating statement of (loss) income for the three months ended March 31, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	418,517		$	193,453		$	(15,640	)	$	596,330
Product revenues	—			116,536			23,204			(3,571		)	136,169
Total revenues	—			535,053			216,657			(19,211		)	732,499
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			277,602			154,428			(15,640		)	416,390
Product cost of revenues	—			115,286			18,402			(3,571		)	130,117
Total cost of revenues	—			392,888			172,830			(19,211		)	546,507
Selling, general and administrative expenses	25			80,984			26,706			—			107,715
Accretion of environmental liabilities	—			2,306			313			—			2,619
Depreciation and amortization	—			45,801			22,555			—			68,356
(Loss) income from operations	(25		)	13,074			(5,747		)	—			7,302
Other income	—			111			298			—			409
Interest (expense) income	(19,639		)	178			23			—			(19,438		)
Equity in earnings of subsidiaries, net of taxes	4,709			(7,029		)	—			2,320			—
Intercompany interest income (expense)	—			5,977			(5,977		)	—			—
(Loss) income before provision for income taxes	(14,955		)	12,311			(11,403		)	2,320			(11,727		)
(Benefit) provision for income taxes	(7,866		)	7,602			(4,374		)	—			(4,638		)
Net (loss) income	(7,089		)	4,709			(7,029		)	2,320			(7,089		)
Other comprehensive loss	(77,403		)	(77,403		)	(50,635		)	128,038			(77,403		)
Comprehensive loss	$	(84,492	)	$	(72,694	)	$	(57,664	)	$	130,358		$	(84,492	)

Following is the consolidating statement of 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	$	—		$	445,903		$	218,171		$	(3,979	)	$	660,095
Product revenues	—			135,203			52,494			(1,125		)	186,572
Total revenues	—			581,106			270,665			(5,104		)	846,667
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			306,290			164,488			(3,979		)	466,799
Product cost of revenues	—			115,257			44,788			(1,125		)	158,920
Total cost of revenues	—			421,547			209,276			(5,104		)	625,719
Selling, general and administrative expenses	31			87,575			31,356			—			118,962
Accretion of environmental liabilities	—			2,381			343			—			2,724
Depreciation and amortization	—			42,808			26,548			—			69,356
(Loss) income from operations	(31		)	26,795			3,142			—			29,906
Other income	—			582			3,596			—			4,178
Interest (expense) income	(19,734		)	234			(54		)	—			(19,554		)
Equity in earnings of subsidiaries, net of taxes	20,819			(519		)	—			(20,300		)	—
Intercompany dividend income	—			—			3,100			(3,100		)	—
Intercompany interest income (expense)	—			9,057			(9,057		)	—			—
Income before (benefit) provision for income taxes	1,054			36,149			727			(23,400		)	14,530
(Benefit) provision for income taxes	(7,906		)	15,330			(1,854		)	—			5,570
Net income	8,960			20,819			2,581			(23,400		)	8,960
Other comprehensive (loss) income	(41,525		)	(41,525		)	19,682			21,843			(41,525		)
Comprehensive (loss) income	$	(32,565	)	$	(20,706	)	$	22,263		$	(1,557	)	$	(32,565	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash (used in) from operating activities	$	(8,032	)	$	85,311		$	7,498		$	—		$	84,777
Cash flows from investing activities:
Additions to property, plant and equipment	—			(37,670		)	(15,279		)	—			(52,949		)
Proceeds from sales of fixed assets	—			113			647			—			760
Costs to obtain or renew permits	—			—			(1,171		)	—			(1,171		)
Intercompany	—			(108,435		)	—			108,435			—
Net cash used in investing activities	—			(145,992		)	(15,803		)	108,435			(53,360		)
Cash flows from (used in) financing activities:
Change in uncashed checks	—			(14,694		)	(5,574		)	—			(20,268		)
Issuance of restricted shares, net of shares remitted	(1,154		)	—			—			—			(1,154		)
Repurchases of common stock	(15,379		)	—			—			—			(15,379		)
Excess tax benefit of stock-based compensation	5			—			—			—			5
Payments on capital leases	—			(164		)	(234		)	—			(398		)
Intercompany	108,435			—			—			(108,435		)	—
Net cash from (used in) financing activities	91,907			(14,858		)	(5,808		)	(108,435		)	(37,194		)
Effect of exchange rate change on cash	—			—			(7,363		)	—			(7,363		)
Increase (decrease) in cash and cash equivalents	83,875			(75,539		)	(21,476		)	—			(13,140		)
Cash and cash equivalents, beginning of period	1,006			154,147			91,726			—			246,879
Cash and cash equivalents, end of period	$	84,881		$	78,608		$	70,250		$	—		$	233,739

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			Consolidating Adjustments			Total
Net cash (used in) from operating activities	$	(49,377	)	$	72,813		$	(6,519	)	$	(12,321	)	$	4,596
Cash flows from investing activities:
Additions to property, plant and equipment	—			(46,287		)	(28,718		)	—			(75,005		)
Proceeds from sale of fixed assets	—			228			648			—			876
Costs to obtain or renew permits	—			(111		)	(964		)	—			(1,075		)
Proceeds from sale of long term investments	—			—			12,870			—			12,870
Intercompany	—			(49,094		)	—			49,094			—
Net cash used in investing activities	—			(95,264		)	(16,164		)	49,094			(62,334		)
Cash flows from (used in) financing activities:
Change in uncashed checks	—			60			(39		)	—			21
Proceeds from employee stock purchase plan	2,141			—			—			—			2,141
Issuance of restricted shares, net of shares remitted	(750		)	—			—			—			(750		)
Repurchases of common stock	(1,225		)	—			—			—			(1,225		)
Excess tax benefit of stock-based compensation	117			—			—			—			117
Payments of capital leases	—			(42		)	(596		)	—			(638		)
Dividends (paid) / received	—			(12,321		)	—			12,321			—
Intercompany	49,094			—			—			(49,094		)	—
Net cash from (used in) financing activities	49,377			(12,303		)	(635		)	(36,773		)	(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			235,505			73,562			—			310,073
Cash and cash equivalents, end of period	$	1,006		$	200,751		$	47,250		$	—		$	249,007