GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2012

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at March 31, 2012 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	85,524	$	118,456	$	37,547	$	—		$	241,527
Intercompany receivables	321,849		—		104,050		(425,899		)	—
Other current assets	36,339		313,765		290,254		—			640,358
Property, plant and equipment, net	—		400,336		518,348		—			918,684
Investments in subsidiaries	1,117,420		453,810		91,754		(1,662,984		)	—
Intercompany debt receivable	—		481,838		3,701		(485,539		)	—
Other long-term assets	12,766		111,200		168,360		—			292,326
Total assets	$	1,573,898	$	1,879,405	$	1,214,014	$	(2,574,422	)	$	2,092,895
Liabilities and Stockholders’ Equity:
Current liabilities	$	6,014	$	206,381	$	129,832	$	—		$	342,227
Intercompany payables	—		425,899		—		(425,899		)	—
Closure, post-closure and remedial liabilities, net	—		128,953		21,492		—			150,445
Long-term obligations	523,833		—		—		—			523,833
Capital lease obligations, net	—		416		4,990		—			5,406
Intercompany debt payable	3,701		—		481,838		(485,539		)	—
Other long-term liabilities	89,072		7,592		23,042		—			119,706
Total liabilities	622,620		769,241		661,194		(911,438		)	1,141,617
Stockholders’ equity	951,278		1,110,164		552,820		(1,662,984		)	951,278
Total liabilities and stockholders’ equity	$	1,573,898	$	1,879,405	$	1,214,014	$	(2,574,422	)	$	2,092,895

Following is the condensed consolidating balance sheet at December 31, 2011 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	91,581	$	128,071	$	41,071	$	—		$	260,723
Intercompany receivables	319,444		—		126,823		(446,267		)	—
Other current assets	43,687		324,607		262,851		—			631,145
Property, plant and equipment, net	—		392,566		511,381		—			903,947
Investments in subsidiaries	1,064,966		421,648		91,654		(1,578,268		)	—
Intercompany debt receivable	—		472,929		3,701		(476,630		)	—
Other long-term assets	13,228		111,104		165,656		—			289,988
Total assets	$	1,532,906	$	1,850,925	$	1,203,137	$	(2,501,165	)	$	2,085,803
Liabilities and Stockholders’ Equity:
Current liabilities	$	15,612	$	220,968	$	145,162	$	—		$	381,742
Intercompany payables	—		446,267		—		(446,267		)	—
Closure, post-closure and remedial liabilities, net	—		133,773		21,369		—			155,142
Long-term obligations	524,203		—		—		—			524,203
Capital lease obligations, net	—		475		5,900		—			6,375
Intercompany debt payable	3,701		—		472,929		(476,630		)	—
Other long-term liabilities	88,403		7,588		21,363		—			117,354
Total liabilities	631,919		809,071		666,723		(922,897		)	1,184,816
Stockholders’ equity	900,987		1,041,854		536,414		(1,578,268		)	900,987
Total liabilities and stockholders’ equity	$	1,532,906	$	1,850,925	$	1,203,137	$	(2,501,165	)	$	2,085,803

Schedule of consolidating statement of income

Following is the consolidating statement of income for the three months ended March 31, 2012 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	291,537		$	285,729		$	(5,244	)	$	572,022
Cost of revenues (exclusive of items shown separately below)	—			201,200			204,359			(5,244		)	400,315
Selling, general and administrative expenses	80			44,912			25,767			—			70,759
Accretion of environmental liabilities	—			2,096			320			—			2,416
Depreciation and amortization	—			16,636			20,195			—			36,831
Income from operations	(80		)	26,693			35,088			—			61,701
Other (expense) income	—			(450		)	151			—			(299		)
Interest (expense) income	(10,706		)	(201		)	(365		)	—			(11,272		)
Equity in earnings of subsidiaries	36,465			25,996			—			(62,461		)	—
Intercompany dividend income (expense)	10,010			—			3,526			(13,536		)	—
Intercompany interest income (expense)	—			10,345			(10,345		)	—			—
Income before provision for income taxes	35,689			62,383			28,055			(75,997		)	50,130
Provision for income taxes	3,674			5,722			8,719			—			18,115
Net income	$	32,015		$	56,661		$	19,336		$	(75,997	)	$	32,015

Following is the consolidating statement of income for the three months ended March 31, 2011 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	248,367	$	192,788		$	(6,193	)	$	434,962
Cost of revenues (exclusive of items shown separately below)	—			175,438		143,332			(6,193		)	312,577
Selling, general and administrative expenses	42			36,111		18,641			—			54,794
Accretion of environmental liabilities	—			2,087		302			—			2,389
Depreciation and amortization	—			12,998		12,462			—			25,460
Income from operations	(42		)	21,733		18,051			—			39,742
Other income (expense)	—			3,336		(437		)	—			2,899
Interest (expense) income	(6,676		)	168		30			—			(6,478		)
Equity in earnings of subsidiaries	33,331			7,301		—			(40,632		)	—
Intercompany dividend income (expense)	—			—		3,456			(3,456		)	—
Intercompany interest income (expense)	—			8,730		(8,730		)	—			—
Income before provision for income taxes	26,613			41,268		12,370			(44,088		)	36,163
Provision for income taxes	3,883			6,327		3,223			—			13,433
Net income	22,730			34,941		9,147			(44,088		)	22,730

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2012 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(18,010	)	$	10,827		$	36,736		$	29,553
Cash flows from investing activities:
Additions to property, plant and equipment	—			(14,678		)	(12,983		)	(27,661		)
Proceeds from sales of fixed assets	—			146			279			425
Acquisitions, net of cash acquired	—			(2,276		)	(6,475		)	(8,751		)
Costs to obtain or renew permits	—			(106		)	(319		)	(425		)
Purchase of available for sale securities	—			—			(4,468		)	(4,468		)
Other	—			603			4,517			5,120
Net cash from investing activities	—			(16,311		)	(19,449		)	(35,760		)
Cash flows from financing activities:
Change in uncashed checks	—			(7,125		)	(6,451		)	(13,576		)
Proceeds from exercise of stock options	30			—			—			30
Proceeds from employee stock purchase plan	1,238			—			—			1,238
Excess tax benefit of stock-based compensation	713			—			—			713
Payments on capital leases	—			(361		)	(1,805		)	(2,166		)
Distribution of cash earned on employee participation plan	(38		)	—			—			(38		)
Dividends (paid) / received	10,010			(13,428		)	3,418			—
Interest (payments) / received	—			16,783			(16,783		)	—
Net cash from financing activities	11,953			(4,131		)	(21,621		)	(13,799		)
Effect of exchange rate change on cash	—			—			810			810
Decrease in cash and cash equivalents	(6,057		)	(9,615		)	(3,524		)	(19,196		)
Cash and cash equivalents, beginning of period	91,581			128,071			41,071			260,723
Cash and cash equivalents, end of period	$	85,524		$	118,456		$	37,547		$	241,527

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2011 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	2,898		$	3,937		$	8,021		$	14,856
Cash flows from investing activities:
Additions to property, plant and equipment	—			(14,884		)	(19,231		)	(34,115		)
Proceeds from sale of fixed assets	—			67			946			1,013
Acquisitions, net of cash acquired	—			—			(2,152		)	(2,152		)
Additions to intangible assets, including costs to obtain or renew permits	—			(217		)	(105		)	(322		)
Proceeds from sale of marketable securities	—			—			388			388
Net cash from investing activities	—			(15,034		)	(20,154		)	(35,188		)
Cash flows from financing activities:
Change in uncashed checks	—			(2,087		)	(3,129		)	(5,216		)
Proceeds from exercise of stock options	39			—			—			39
Proceeds from employee stock purchase plan	699			—			—			699
Remittance of shares, net	(1,784		)	—			—			(1,784		)
Excess tax benefit of stock-based compensation	1,105			—			—			1,105
Deferred financing costs paid	(5,628		)	—			—			(5,628		)
Payments of capital leases	—			(186		)	(1,504		)	(1,690		)
Distribution of cash earned on employee participation plan	—			—			(189		)	(189		)
Issuance of senior secured notes, including premium	261,250			—			—			261,250
Dividends (paid) / received	10,186			(24,306		)	14,120			—
Interest (payments) / received	—			24,132			(24,132		)	—
Net cash from financing activities	265,867			(2,447		)	(14,834		)	248,586
Effect of exchange rate change on cash	—			—			1,299			1,299
Increase (decrease) in cash and cash equivalents	268,765			(13,544		)	(25,668		)	229,553
Cash and cash equivalents, beginning of period	100,476			124,582			77,152			302,210
Cash and cash equivalents, end of period	$	369,241		$	111,038		$	51,484		$	531,763