CLEAN HARBORS INC
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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(6) Property, Plant and Equipment
Property, plant and equipment consisted of the following (in thousands):
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Land | $193,438 | $184,191 |
| Asset retirement costs (non-landfill) | 40,232 | 38,705 |
| Landfill assets | 278,700 | 258,138 |
| Buildings and improvements (1) | 753,404 | 719,439 |
| Vehicles (2) | 1,583,387 | 1,455,530 |
| Equipment (3) | 2,652,027 | 2,600,085 |
| Construction in progress | 90,182 | 70,305 |
| 5,591,370 | 5,326,393 | |
| Less - accumulated depreciation and amortization | 3,050,303 | 2,878,452 |
| Total property, plant and equipment, net | $2,541,067 | $2,447,941 |
(1) Balances inclusive of gross ROU assets classified as finance leases of $8.0 million in both periods.
(2) Balances inclusive of gross ROU assets classified as finance leases of $294.2 million and $230.5 million, respectively.
(3) Balances inclusive of gross ROU assets classified as finance leases of $17.4 million and $9.2 million, respectively.
Depreciation expense, inclusive of landfill and finance lease amortization was $392.1 million, $346.5 million and $315.5 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Company recorded $2.2 million, $11.2 million and $6.6 million of capitalized interest in 2025, 2024 and 2023, respectively. The capitalized interest in 2023 and 2024 was mainly due to the construction of the new incinerator in Kimball, Nebraska, which was completed in late 2024.
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