GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at September 30, 2015 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	11,008	$	66,074	$	102,109	$	—		$	179,191
Intercompany receivables	156,833		210,159		30,572		(397,564		)	—
Accounts receivable, net	—		493,459		106,824		—			600,283
Other current assets	—		220,901		72,180		—			293,081
Property, plant and equipment, net	—		1,056,190		475,358		—			1,531,548
Investments in subsidiaries	2,566,095		547,520		—		(3,113,615		)	—
Intercompany debt receivable	—		285,385		3,701		(289,086		)	—
Goodwill	—		359,068		88,850		—			447,918
Permits and other intangibles, net	—		441,639		77,356		—			518,995
Other long-term assets	14,342		9,039		5,464		—			28,845
Total assets	$	2,748,278	$	3,689,434	$	962,414	$	(3,800,265	)	$	3,599,861
Liabilities and Stockholders’ Equity:
Current liabilities	$	18,558	$	523,971	$	82,487	$	—		$	625,016
Intercompany payables	208,298		187,406		1,860		(397,564		)	—
Closure, post-closure and remedial liabilities, net	—		155,386		19,291		—			174,677
Long-term obligations	1,395,000		—		—		—			1,395,000
Intercompany debt payable	3,701		—		285,385		(289,086		)	—
Other long-term liabilities	—		256,576		25,871		—			282,447
Total liabilities	1,625,557		1,123,339		414,894		(686,650		)	2,477,140
Stockholders’ equity	1,122,721		2,566,095		547,520		(3,113,615		)	1,122,721
Total liabilities and stockholders’ equity	$	2,748,278	$	3,689,434	$	962,414	$	(3,800,265	)	$	3,599,861

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 income (loss) for the three months ended September 30, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	612,814		$	162,680		$	(14,827	)	$	760,667
Product revenues	—			117,653			17,591			(2,545		)	132,699
Total revenues	—			730,467			180,271			(17,372		)	893,366
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			413,878			124,625			(14,827		)	523,676
Product cost of revenues	—			101,778			11,737			(2,545		)	110,970
Total cost of revenues	—			515,656			136,362			(17,372		)	634,646
Selling, general and administrative expenses	25			72,811			20,277			—			93,113
Accretion of environmental liabilities	—			2,277			300			—			2,577
Depreciation and amortization	—			46,951			22,109			—			69,060
Goodwill impairment charge	—			—			—			—			—
(Loss) income from operations	(25		)	92,772			1,223			—			93,970
Other income (expense)	—			204			(343		)	—			(139		)
Interest (expense) income	(19,671		)	613			41			—			(19,017		)
Equity in earnings of subsidiaries, net of taxes	52,046			(2,341		)	—			(49,705		)	—
Intercompany interest income (expense)	—			5,666			(5,666		)	—			—
Income (loss) before provision for income taxes	32,350			96,914			(4,745		)	(49,705		)	74,814
(Benefit) provision for income taxes	(7,878		)	44,868			(2,404		)	—			34,586
Net income (loss)	40,228			52,046			(2,341		)	(49,705		)	40,228
Other comprehensive loss	(53,541		)	(53,541		)	(34,150		)	87,691			(53,541		)
Comprehensive loss	$	(13,313	)	$	(1,495	)	$	(36,491	)	$	37,986		$	(13,313	)

Following is the consolidating statement of income (loss) for the three months ended September 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments		Total
Revenues
Service revenues	$	—		$	420,906		$	235,569		$	746	$	657,221
Product revenues	—			167,492			26,713			39		194,244
Total revenues	—			588,398			262,282			785		851,465
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			265,940			173,575			746		440,261
Product cost of revenues	—			149,270			8,837			39		158,146
Total cost of revenues	—			415,210			182,412			785		598,407
Selling, general and administrative expenses	25			71,139			28,537			—		99,701
Accretion of environmental liabilities	—			2,295			347			—		2,642
Depreciation and amortization	—			44,305			25,744			—		70,049
Goodwill impairment charge	—			105,466			17,948			—		123,414
(Loss) income from operations	(25		)	(50,017		)	7,294			—		(42,748		)
Other income (expense)	—			2,592			(1,979		)	—		613
Interest (expense) income	(19,622		)	85			43			—		(19,494		)
Equity in earnings of subsidiaries, net of taxes	(81,549		)	(7,361		)	—			88,910		—
Intercompany interest income (expense)	—			6,148			(6,148		)	—		—
Loss before (benefit) provision for income taxes	(101,196		)	(48,553		)	(790		)	88,910		(61,629		)
(Benefit) provision for income taxes	(7,859		)	32,996			6,571			—		31,708
Net loss	(93,337		)	(81,549		)	(7,361		)	88,910		(93,337		)
Other comprehensive (loss) income	(49,092		)	(49,092		)	32,335			16,757		(49,092		)
Comprehensive (loss) income	$	(142,429	)	$	(130,641	)	$	24,974		$	105,667	$	(142,429	)

Following is the consolidating statement of income (loss) for the nine months ended September 30, 2015 (in thousands):    

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	1,659,739		$	546,790		$	(48,185	)	$	2,158,344
Product revenues	—			349,524			63,239			(9,014		)	403,749
Total revenues	—			2,009,263			610,029			(57,199		)	2,562,093
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			1,106,591			426,530			(48,185		)	1,484,936
Product cost of revenues	—			315,322			42,597			(9,014		)	348,905
Total cost of revenues	—			1,421,913			469,127			(57,199		)	1,833,841
Selling, general and administrative expenses	75			247,472			73,699			—			321,246
Accretion of environmental liabilities	—			6,870			925			—			7,795
Depreciation and amortization	—			137,354			67,835			—			205,189
Goodwill impairment charge	—			4,164			27,828			—			31,992
(Loss) income from operations	(75		)	191,490			(29,385		)	—			162,030
Other income (expense)	—			483			(873		)	—			(390		)
Interest (expense) income	(58,962		)	1,115			143			—			(57,704		)
Equity in earnings of subsidiaries, net of taxes	78,956			(38,920		)	—			(40,036		)	—
Intercompany interest income (expense)	—			17,679			(17,679		)	—			—
Income (loss) before (benefit) provision for income taxes	19,919			171,847			(47,794		)	(40,036		)	103,936
(Benefit) provision for income taxes	(23,615		)	92,891			(8,874		)	—			60,402
Net income (loss)	43,534			78,956			(38,920		)	(40,036		)	43,534
Other comprehensive loss	(118,713		)	(118,713		)	(76,752		)	195,465			(118,713		)
Comprehensive loss	$	(75,179	)	$	(39,757	)	$	(115,672	)	$	155,429		$	(75,179	)

Following is the consolidating statement of income (loss) for the nine months ended September 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	1,325,266		$	647,469		$	(10,664	)	$	1,962,071
Product revenues	—			475,429			122,343			(3,231		)	594,541
Total revenues	—			1,800,695			769,812			(13,895		)	2,556,612
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			872,999			471,108			(10,664		)	1,333,443
Product cost of revenues	—			403,007			97,857			(3,231		)	497,633
Total cost of revenues	—			1,276,006			568,965			(13,895		)	1,831,076
Selling, general and administrative expenses	82			241,317			92,995			—			334,394
Accretion of environmental liabilities	—			6,931			1,044			—			7,975
Depreciation and amortization	—			128,496			76,984			—			205,480
Goodwill impairment charge	—			105,466			17,948			—			123,414
(Loss) income from operations	(82		)	42,479			11,876			—			54,273
Other income	—			2,716			1,420			—			4,136
Interest (expense) income	(58,968		)	537			1			—			(58,430		)
Equity in earnings of subsidiaries, net of taxes	(20,275		)	(13,525		)	—			33,800			—
Intercompany dividend income	—			—			6,238			(6,238		)	—
Intercompany interest income (expense)	—			24,368			(24,368		)	—			—
(Loss) income before (benefit) provision for income taxes	(79,325		)	56,575			(4,833		)	27,562			(21		)
(Benefit) provision for income taxes	(23,620		)	76,850			2,454			—			55,684
Net loss	(55,705		)	(20,275		)	(7,287		)	27,562			(55,705		)
Other comprehensive (loss) income	(54,561		)	(54,561		)	9,090			45,471			(54,561		)
Comprehensive (loss) income	$	(110,266	)	$	(74,836	)	$	1,803		$	73,033		$	(110,266	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the nine months ended September 30, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash from operating activities	$	9,503		$	240,713		$	59,377		$	—		$	309,593
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(162,329		)	(27,670		)	—			(189,999		)
Proceeds from sales of fixed assets	—			1,177			2,563			—			3,740
Acquisitions, net of cash acquired	—			(79,610		)	—			—			(79,610		)
Costs to obtain or renew permits	—			(4		)	(4,629		)	—			(4,633		)
Intercompany	—			(71,182		)				71,182			—
Net cash used in investing activities	—			(311,948		)	(29,736		)	71,182			(270,502		)
Cash flows used in financing activities:
Change in uncashed checks	—			(16,635		)	(5,247		)	—			(21,882		)
Exercise of stock options	397			—			—			—			397
Issuance of restricted shares, net of shares remitted	(2,027		)	—			—			—			(2,027		)
Repurchases of common stock	(69,155		)	—			—			—			(69,155		)
Excess tax benefit of stock-based compensation	102			—			—			—			102
Payments on capital leases	—			(203		)	(297		)	—			(500		)
Intercompany	71,182			—			—			(71,182		)	—
Net cash used in financing activities	499			(16,838		)	(5,544		)	(71,182		)	(93,065		)
Effect of exchange rate change on cash	—			—			(13,714		)	—			(13,714		)
Increase (decrease) in cash and cash equivalents	10,002			(88,073		)	10,383			—			(67,688		)
Cash and cash equivalents, beginning of period	1,006			154,147			91,726			—			246,879
Cash and cash equivalents, end of period	$	11,008		$	66,074		$	102,109		$	—		$	179,191

Following is the condensed consolidating statement of cash flows for the nine months ended September 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash (used in) from operating activities	$	(5,193	)	$	139,640		$	80,178		$	(18,586	)	$	196,039
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(133,320		)	(65,557		)	—			(198,877		)
Proceeds from sale of fixed assets	—			3,634			2,279			—			5,913
Acquisitions, net of cash acquired	—			(6,150		)	—			—			(6,150		)
Costs to obtain or renew permits	—			(589		)	(4,854		)	—			(5,443		)
Proceeds from sale of long term investments	—			—			12,947			—			12,947
Intercompany	—			(55,997		)	—			55,997			—
Other	—			—			914						914
Net cash used in investing activities	—			(192,422		)	(54,271		)	55,997			(190,696		)
Cash flows from (used in) financing activities:
Change in uncashed checks	—			579			(1,170		)	—			(591		)
Proceeds from employee stock purchase plan	4,364			—			—			—			4,364
Issuance of restricted shares, net of shares remitted	(2,668		)	—			—			—			(2,668		)
Repurchases of common stock	(48,329		)	—			—			—			(48,329		)
Excess tax benefit of stock-based compensation	829			—			—			—			829
Repayment of long-term obligations	(5,000		)	—			—			—			(5,000		)
Payments of capital leases	—			(129		)	(1,553		)	—			(1,682		)
Dividends paid	—			(18,586		)	—			18,586			—
Intercompany	55,997			—			—			(55,997		)	—
Net cash from (used in) financing activities	5,193			(18,136		)	(2,723		)	(37,411		)	(53,077		)
Effect of exchange rate change on cash	—			—			(4,318		)	—			(4,318		)
Decrease in cash and cash equivalents	—			(70,918		)	18,866			—			(52,052		)
Cash and cash equivalents, beginning of period	1,006			235,445			73,622			—			310,073
Cash and cash equivalents, end of period	$	1,006		$	164,527		$	92,488		$	—		$	258,021