CLEAN HARBORS INC
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
CLH$290.04+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $318,325 | $279,507 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization | 295,632 | 267,425 |
| Allowance for doubtful accounts | 5,674 | 2,620 |
| Amortization of deferred financing costs and debt discount | 4,623 | 4,036 |
| Accretion of environmental liabilities | 10,139 | 10,281 |
| Changes in environmental liability estimates | 4,347 | 3,258 |
| Deferred income taxes | (418) | (356) |
| Other expense, net | 2,431 | 833 |
| Stock-based compensation | 20,690 | 14,809 |
| Loss on early extinguishment of debt | — | 2,362 |
| Environmental expenditures | (19,679) | (24,064) |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable and unbilled accounts receivable | (145,647) | (46,445) |
| Inventories and supplies | (39,673) | 12,691 |
| Other current and long-term assets | (47,826) | (18,190) |
| Accounts payable | 30,004 | (40,013) |
| Other current and long-term liabilities | 35,211 | (13,062) |
| Net cash from operating activities | 473,833 | 455,692 |
| Cash flows used in investing activities: | ||
| Additions to property, plant and equipment | (369,826) | (311,906) |
| Proceeds from sale and disposal of fixed assets | 6,353 | 5,129 |
| Acquisitions, net of cash acquired | (474,011) | (119,596) |
| Proceeds from sale of business | 750 | 750 |
| Additions to intangible assets including costs to obtain or renew permits | (2,545) | (1,507) |
| Purchases of available-for-sale securities | (73,682) | (104,329) |
| Proceeds from sale of available-for-sale securities | 100,021 | 84,390 |
| Net cash used in investing activities | (812,940) | (447,069) |
| Cash flows from (used in) financing activities: | ||
| Change in uncashed checks | (5,852) | 3,004 |
| Tax payments related to withholdings on vested restricted stock | (11,514) | (10,886) |
| Repurchases of common stock | (30,215) | (18,000) |
| Deferred financing costs paid | (8,316) | (6,371) |
| Payments on finance leases | (23,596) | (11,594) |
| Principal payments on debt | (11,327) | (621,475) |
| Proceeds from issuance of debt, net of discount | 499,375 | 500,000 |
| Borrowing from revolving credit facility | — | 114,000 |
| Payment on revolving credit facility | — | (114,000) |
| Net cash from (used in) financing activities | 408,555 | (165,322) |
| Effect of exchange rate change on cash | (1,775) | 61 |
| Increase (decrease) in cash and cash equivalents | 67,673 | (156,638) |
| Cash and cash equivalents, beginning of period | 444,698 | 492,603 |
| Cash and cash equivalents, end of period | $512,371 | $335,965 |
| Supplemental information: | ||
| Cash payments for interest and income taxes: | ||
| Interest paid | $134,177 | $100,813 |
| Income taxes paid, net of refunds | 100,752 | 107,328 |
| Non-cash investing activities: | ||
| Property, plant and equipment accrued | 43,604 | 29,127 |
| ROU assets obtained in exchange for operating lease liabilities | 98,927 | 61,741 |
| ROU assets obtained in exchange for finance lease liabilities | 53,391 | 26,317 |
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