GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at March 31, 2019 (in thousands):

	Clean Harbors, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	27,431	$	75,099	$	64,841	$	—		$	167,371
Short-term marketable securities	121		—		57,356		—			57,477
Intercompany receivables	268,195		701,583		58,138		(1,027,916		)	—
Accounts receivable, net	—		526,047		87,460		—			613,507
Other current assets	—		281,802		44,525		(16,560		)	309,767
Property, plant and equipment, net	—		1,261,206		327,407		—			1,588,613
Investments in subsidiaries	3,176,613		566,296		—		(3,742,909		)	—
Intercompany debt receivable	—		14,900		21,000		(35,900		)	—
Operating lease right-of-use assets	—		137,591		32,959		—			170,550
Goodwill	—		459,139		58,771		—			517,910
Permits and other intangibles, net	—		390,838		48,120		—			438,958
Other long-term assets	1,437		13,530		2,903		31			17,901
Total assets	$	3,473,797	$	4,428,031	$	803,480	$	(4,823,254	)	$	3,882,054
Liabilities and Stockholders’ Equity:
Current liabilities	$	35,686	$	431,891	$	146,493	$	(16,560	)	$	597,510
Intercompany payables	702,141		325,025		750		(1,027,916		)	—
Closure, post-closure and remedial liabilities, net	—		147,944		17,524		—			165,468
Long-term obligations, net	1,564,005		—		—		—			1,564,005
Operating lease liabilities, less current portion	—		104,374		24,315		—			128,689
Intercompany debt payable	—		21,000		14,900		(35,900		)	—
Other long-term liabilities	—		233,979		20,407		31			254,417
Total liabilities	2,301,832		1,264,213		224,389		(1,080,345		)	2,710,089
Stockholders’ equity	1,171,965		3,163,818		579,091		(3,742,909		)	1,171,965
Total liabilities and stockholders’ equity	$	3,473,797	$	4,428,031	$	803,480	$	(4,823,254	)	$	3,882,054

Following is the condensed consolidating balance sheet at December 31, 2018 (in thousands):

	Clean Harbors, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	27,308	$	101,302	$	97,897	$	—		$	226,507
Short-term marketable securities	67		—		52,789		—			52,856
Intercompany receivables	262,475		721,521		60,693		(1,044,689		)	—
Accounts receivable, net	—		520,785		86,167		—			606,952
Other current assets	—		289,869		49,631		(23,657		)	315,843
Property, plant and equipment, net	—		1,233,578		328,400		—			1,561,978
Investments in subsidiaries	3,162,704		571,304		—		(3,734,008		)	—
Intercompany debt receivable	—		14,669		21,000		(35,669		)	—
Goodwill	—		456,307		57,882		—			514,189
Permits and other intangibles, net	—		393,045		48,830		—			441,875
Other long-term assets	1,551		13,545		3,025		—			18,121
Total assets	$	3,454,105	$	4,315,925	$	806,314	$	(4,838,023	)	$	3,738,321
Liabilities and Stockholders’ Equity:
Current liabilities	$	20,170	$	457,164	$	148,601	$	(23,657	)	$	602,278
Intercompany payables	699,158		321,846		23,685		(1,044,689		)	—
Closure, post-closure and remedial liabilities, net	—		151,480		16,434		—			167,914
Long-term obligations, net	1,565,021		—		—		—			1,565,021
Intercompany debt payable	—		21,000		14,669		(35,669		)	—
Other long-term liabilities	—		212,924		20,428		—			233,352
Total liabilities	2,284,349		1,164,414		223,817		(1,104,015		)	2,568,565
Stockholders’ equity	1,169,756		3,151,511		582,497		(3,734,008		)	1,169,756
Total liabilities and stockholders’ equity	$	3,454,105	$	4,315,925	$	806,314	$	(4,838,023	)	$	3,738,321

Schedule of condensed consolidating statement of income

Following is the consolidating statement of operations for the three months ended March 31, 2019 (in thousands):

	Clean Harbors, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	529,656		$	144,139		$	(17,137	)	$	656,658
Product revenues	—			115,038			12,384			(3,241		)	124,181
Total revenues	—			644,694			156,523			(20,378		)	780,839
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			356,590			124,030			(17,137		)	463,483
Product cost of revenues	—			99,357			4,765			(3,241		)	100,881
Total cost of revenues	—			455,947			128,795			(20,378		)	564,364
Selling, general and administrative expenses	57			93,526			21,229			—			114,812
Accretion of environmental liabilities	—			2,267			307			—			2,574
Depreciation and amortization	—			57,335			18,020			—			75,355
(Loss) income from operations	(57		)	35,619			(11,828		)	—			23,734
Other income (expense), net	50			2,962			(29		)	—			2,983
Interest (expense) income, net	(20,374		)	9			601			—			(19,764		)
Equity in earnings of subsidiaries, net of taxes	15,636			(13,336		)	—			(2,300		)	—
Intercompany interest income (expense)	—			197			(197		)	—			—
(Loss) income before (benefit) provision for income taxes	(4,745		)	25,451			(11,453		)	(2,300		)	6,953
(Benefit) provision for income taxes	(5,721		)	11,418			280			—			5,977
Net income (loss)	976			14,033			(11,733		)	(2,300		)	976
Other comprehensive income	4,024			4,024			8,328			(12,352		)	4,024
Comprehensive income (loss)	$	5,000		$	18,057		$	(3,405	)	$	(14,652	)	$	5,000

Following is the consolidating statement of operations for the three months ended March 31, 2018 (in thousands):

	Clean Harbors, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	481,483		$	152,401		$	(14,165	)	$	619,719
Product revenues	—			121,582			11,450			(2,973		)	130,059
Total revenues	—			603,065			163,851			(17,138		)	749,778
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			328,180			133,634			(14,165		)	447,649
Product cost of revenues	—			95,038			6,711			(2,973		)	98,776
Total cost of revenues	—			423,218			140,345			(17,138		)	546,425
Selling, general and administrative expenses	35			93,843			21,210			—			115,088
Accretion of environmental liabilities	—			2,176			254			—			2,430
Depreciation and amortization	—			53,704			21,140			—			74,844
(Loss) income from operations	(35		)	30,124			(19,098		)	—			10,991
Other expense, net	—			(85		)	(214		)	—			(299		)
Interest (expense) income, net	(20,999		)	505			224			—			(20,270		)
Equity in earnings of subsidiaries, net of taxes	2,514			(20,062		)	—			17,548			—
Intercompany interest income (expense)	—			1,361			(1,361		)	—			—
(Loss) income before (benefit) provision for income taxes	(18,520		)	11,843			(20,449		)	17,548			(9,578		)
(Benefit) provision for income taxes	(5,889		)	9,101			(159		)	—			3,053
Net (loss) income	(12,631		)	2,742			(20,290		)	17,548			(12,631		)
Other comprehensive loss	(16,746		)	(16,746		)	(14,007		)	30,753			(16,746		)
Comprehensive loss	$	(29,377	)	$	(14,004	)	$	(34,297	)	$	48,301		$	(29,377	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2019 (in thousands):

	Clean Harbors, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash from operating activities	$	123		$	50,344		$	(20,727	)	$	—		$	29,740
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(48,696		)	(10,251		)	—			(58,947		)
Proceeds from sale and disposal of fixed assets	—			3,366			955			—			4,321
Acquisitions, net of cash acquired	—			(14,870		)	—			—			(14,870		)
Additions to intangible assets including costs to obtain or renew permits	—			(1,294		)	162			—			(1,132		)
Proceeds from sale of available-for-sale securities	—			—			8,600			—			8,600
Purchases of available-for-sale securities	—			—			(12,941		)	—			(12,941		)
Intercompany	—			(10,484		)	—			10,484			—
Net cash used in investing activities	—			(71,978		)	(13,475		)	10,484			(74,969		)
Cash flows used in financing activities:
Change in uncashed checks	—			(4,454		)	(315		)	—			(4,769		)
Tax payments related to withholdings on vested restricted stock	(2,276		)	—			—			—			(2,276		)
Repurchases of common stock	(6,324		)	—			—			—			(6,324		)
Payments on finance lease	—			(115		)	—			—			(115		)
Principal payment on debt	(1,884		)	—			—			—			(1,884		)
Intercompany	10,484			—			—			(10,484		)	—
Net cash used in financing activities	—			(4,569		)	(315		)	(10,484		)	(15,368		)
Effect of exchange rate change on cash	—			—			1,461			—			1,461
Increase (decrease) in cash and cash equivalents	123			(26,203		)	(33,056		)	—			(59,136		)
Cash and cash equivalents, beginning of period	27,308			101,302			97,897			—			226,507
Cash and cash equivalents, end of period	$	27,431		$	75,099		$	64,841		$	—		$	167,371

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2018 (in thousands):

	Clean Harbors, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash from (used in) operating activities	$	143		$	69,536		$	(17,776	)	$	—		$	51,903
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(37,319		)	(6,923		)	—			(44,242		)
Proceeds from sale and disposal of fixed assets	—			292			506			—			798
Acquisitions, net of cash acquired	—			(120,000		)	—			—			(120,000		)
Additions to intangible assets including costs to obtain or renew permits	—			(1,234		)	(11		)	—			(1,245		)
Proceeds from sale of available-for-sale securities	—			—			3,264			—			3,264
Purchases of available-for-sale securities	—			—			(3,003		)	—			(3,003		)
Intercompany	—			(15,812		)	—			15,812			—
Net cash used in investing activities	—			(174,073		)	(6,167		)	15,812			(164,428		)
Cash flows used in financing activities:
Change in uncashed checks	—			(3,578		)	(265		)	—			(3,843		)
Tax payments related to withholdings on vested restricted stock	(548		)	—			—			—			(548		)
Repurchases of common stock	(14,264		)	—			—			—			(14,264		)
Principal payment on debt	(1,000		)	—			—			—			(1,000		)
Intercompany	15,812			—			—			(15,812		)	—
Net cash used in financing activities	—			(3,578		)	(265		)	(15,812		)	(19,655		)
Effect of exchange rate change on cash	—			—			(867		)	—			(867		)
Increase (decrease) in cash and cash equivalents	143			(108,115		)	(25,075		)	—			(133,047		)
Cash and cash equivalents, beginning of period	51,638			207,777			59,984			—			319,399
Cash and cash equivalents, end of period	$	51,781		$	99,662		$	34,909		$	—		$	186,352