CLEAN HARBORS INC

Listed Company

CLHCIK 0000822818NYSELarge AcceleratedHazardous Waste ManagementMassachusettsFY ends Dec 31

Period

FY 2025

Revenue

$6.03B

Net Income

$390.97M

Total Assets

$7.62B

Equity

$2.75B

Shares Out

52.91M

Op. Cash Flow

$866.73M

Business

CLEAN HARBORS INC is a leading provider of sustainable environmental and industrial services across North America that collects, treats, recycles and disposes of hazardous and non-hazardous waste and responds to industrial and environmental emergencies. It offers services including hazardous waste collection and transport, incineration, landfill and wastewater treatment, parts washer and vacuum services, industrial maintenance, remediation, and re-refined lubricants and automotive products. The company operates through two segments: Environmental Services and Safety-Kleen Sustainability Solutions (SKSS). It serves customers across the United States and Canada through a network of service centers, disposal facilities, re-refineries and logistics channels.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	6,031	5,890	5,409	5,167	3,806
Total cost of revenues	4,145	4,066	3,746	3,544	2,610
Selling, general and administrative expenses	753	740	671	627	538
Accretion of environmental liabilities	14	13	14	13	12
Depreciation and amortization	446	401	366	348	298
Income from operations	673	670	612	635	348
Other income (expense), net	5	−1	2	2	−515,000
Loss on early extinguishment of debt	−8	−371,000	−3	−422,000	0
Gain on sale of businesses	776,000	0	0	9	0
Interest expense, net of interest income of $25,749, $19,437 and $11,930, respectively	−143	−135	−109	−108	−78
Income before provision for income taxes	528	533	503	538	270
Provision for income taxes	137	131	125	126	66
Net income	391	402	378	412	203
Basic (in dollars per share)	7.31	7.46	6.99	7.59	3.73
Diluted (in dollars per share)	7.28	7.42	6.95	7.56	3.71
Shares used to compute earnings per share Basic (in shares)	54	54	54	54	55
Shares used to compute earnings per share Diluted (in shares)	54	54	54	54	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	826	687	445	493	453
Short-term marketable securities	127	103	106	62	82
Accounts receivable, net of allowances aggregating $35,991 and $47,242, respectively	1,044	1,015	983	965	793
Unbilled accounts receivable	161	162	—	—	—
Inventories and supplies	372	385	328	325	251
Prepaid expenses and other current assets	116	82	83	83	—
Total current assets	2,647	2,434	2,052	2,034	1,741
Property, plant and equipment, net	2,541	2,448	2,193	1,980	1,863
Operating lease right-of-use assets	255	251	187	166	162
Goodwill	1,479	1,477	1,288	1,247	1,227
Permits and other intangibles, net	653	702	603	621	645
Other long-term assets	49	66	60	82	16
Total other assets	2,436	2,496	2,137	2,116	2,049
Total assets	7,624	7,377	6,383	6,130	5,654
Current portion of long-term debt	13	15	10	10	18
Accounts payable	507	487	452	447	360
Deferred revenue	82	89	95	94	84
Accrued expenses and other current liabilities	442	419	397	397	391
Current portion of closure, post-closure and remedial liabilities	19	21	27	23	25
Current portion of operating lease liabilities	75	72	56	50	48
Total current liabilities	1,137	1,103	1,038	1,020	925
Closure and post-closure liabilities, less current portion of $10,290 and $10,304, respectively	125	119	105	106	87
Remedial liabilities, less current portion of $8,822 and $10,321, respectively	87	101	98	106	99
Long-term debt, less current portion	2,764	2,771	2,292	2,415	2,517
Operating lease liabilities, less current portion	184	183	132	119	118
Deferred tax liabilities	384	364	353	350	315
Other long-term liabilities	198	163	118	91	79
Total other liabilities	3,742	3,701	3,098	3,187	3,214
Commitments and contingent liabilities (See Note 17)	—	—	—	—	—
Authorized 80,000,000 shares; issued and outstanding 52,870,599 and 53,832,692 shares, respectively	529,000	538,000	539,000	541,000	544,000
Additional paid-in capital	194	422	460	504	536
Accumulated other comprehensive loss	−205	−214	−175	−167	−196
Retained earnings	2,756	2,365	1,963	1,585	1,173
Total stockholders' equity	2,746	2,574	2,248	1,922	1,514
Total liabilities and stockholders' equity	7,624	7,377	6,383	6,130	5,654

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Allowance for doubtful accounts	8	8	6	8	8
Amortization of deferred financing costs and debt discount	6	6	5	6	4
Changes in environmental liability estimates	−10	4	5	8	3
Deferred income taxes	26	18	13	18	1
Other (income) expense, net	−5	1	−2	−2	515,000
Stock-based compensation	33	28	21	27	19
Environmental expenditures	−16	−28	−29	−14	−16
Accounts receivable and unbilled accounts receivable	−32	−29	2	−201	−97
Inventories and supplies	12	−50	−4	−75	−32
Other current and non-current assets	−42	−57	−23	−17	9
Accounts payable	23	12	−27	74	108
Other current and long-term liabilities	5	45	8	31	23
Net cash from operating activities	867	778	735	626	546
Additions to property, plant and equipment	−425	−432	−422	−345	−242
Proceeds from sale and disposal of fixed assets	22	9	10	9	22
Acquisitions, net of cash acquired	0	−478	−120	−86	−1,253
Proceeds from sale of businesses, net of transaction costs	4	750,000	750,000	17	0
Additions to intangible assets including costs to obtain or renew permits	−4	−10	−3	−2	−4
Purchases of available-for-sale securities	−117	−118	−158	−50	−129
Proceeds from sale of available-for-sale securities	94	124	117	69	98
Net cash used in investing activities	−426	−904	−575	−389	−1,508
Change in uncashed checks	4	−1	3	552,000	−2
Tax payments related to withholdings on vested restricted stock	−16	−14	−14	−9	−11
Repurchases of common stock	−250	−55	−51	−50	−54
Deferred financing costs paid	−16	−9	−7	−410,000	−14
Payments on finance leases	−33	−31	−16	−13	−8
Proceeds from employee stock purchase plan	7	3	0	0	—
Principal payments on debt	−2,010	−15	−624	−116	−8
Proceeds from issuance of debt, net of discount	2,005	499	500	0	—
Borrowing from revolving credit facility	0	0	114	0	0
Payment on revolving credit facility	0	0	−114	0	0
Net cash (used in) from financing activities	−309	377	−209	−187	898
Effect of exchange rate change on cash	8	−9	1	−10	−3
Increase (decrease) in cash and cash equivalents	139	242	−48	40	−67
Interest paid	157	153	115	106	73
Income taxes paid, net of refunds	118	131	132	79	65
Property, plant and equipment accrued	33	44	52	31	19

Filings

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