CLEAN HARBORS INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(7) Property, Plant and Equipment
Property, plant and equipment consisted of the following (in thousands):
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Land | $174,891 | $172,579 |
| Asset retirement costs (non-landfill) | 27,167 | 22,001 |
| Landfill assets | 253,180 | 232,872 |
| Buildings and improvements (1) | 630,525 | 591,397 |
| Vehicles (2) | 1,276,567 | 1,112,188 |
| Equipment (3) | 2,388,370 | 2,195,064 |
| Construction in progress | 213,601 | 140,328 |
| 4,964,301 | 4,466,429 | |
| Less - accumulated depreciation and amortization | 2,770,983 | 2,486,127 |
| Total property, plant and equipment, net | $2,193,318 | $1,980,302 |
(1) Balances inclusive of gross ROU assets classified as finance leases of $8.0 million.
(2) Balances inclusive of gross ROU assets classified as finance leases of $151.7 million and $106.7 million, respectively.
(3) Balances inclusive of gross ROU assets classified as finance leases of $9.2 million.
Depreciation expense, inclusive of landfill and finance lease amortization was $315.5 million, $297.4 million and $263.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Company recorded $6.6 million and $3.4 million capitalized interest in 2023 and 2022, respectively, mainly due to the construction of anew incinerator in Kimball, Nebraska. Capitalized interest in 2021 was negligible.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.