XML 42 R26.htm IDEA: XBRL DOCUMENT v3.22.0.1
Information by Segment and Geographic Area
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Information by Segment and Geographic Area Information by Segment and Geographic Area
The Company reports information about operating segments using the "management approach," which is based on the way management organizes and reports the segments within the enterprise for making operating decisions and assessing performance. The Company's reportable segments are identified based upon differences in products, services and markets served. In 2021, the Company had two reportable segments. These segments and the types of products and services offered include the following:

Harsco Environmental
The Segment provides environmental services and material processing to the global steel and metals industries. The Segment partners with its global customer base to deliver production-critical on-site operational support and resource recovery services, through management of its customers’ primary waste or byproduct streams. The Segment's services support the metal manufacturing process, generating significant operational and financial efficiencies for its customers and allowing them to focus on their core steelmaking businesses. In addition, this Segment creates value-added downstream products from industrial waste streams.

Harsco Clean Earth
The Segment is one of the largest specialty waste processing companies in the U.S., providing processing and beneficial reuse solutions for hazardous wastes, and soil and dredged materials.

Other Information
The measurement basis of segment profit or loss is operating income. There are no significant inter-segment sales. Corporate assets, at December 31, 2021 and 2020, include principally cash, prepaid taxes, fair value of derivative instruments and U.S. deferred income taxes. Countries with revenues from unaffiliated customers or net property, plant and equipment of ten percent or more of the consolidated totals (in at least one period presented) are as follows:
Information by Geographic Area (a)
 Revenues from Unaffiliated Customers
  Twelve Months Ended December 31
(In thousands)202120202019
U.S.$1,008,689 $830,699 $420,956 
U.K.117,529 116,425 126,660 
All Other722,181 586,909 656,753 
Totals including Corporate$1,848,399 $1,534,033 $1,204,369 
(a)    Revenues are attributed to individual countries based on the location of the facility generating the revenue.
 Property, Plant and Equipment, Net
 December 31
(In thousands)20212020
U.S.$267,174 $253,994 
China108,496 109,617 
All Other278,243 266,743 
Totals including Corporate$653,913 $630,354 
No customer provided in excess of 10% of the Company's consolidated revenues in 2021 and 2020. One customer provided in excess of 10% of the Company's consolidated revenues in 2019.
In 2021, 2020 and 2019, the Harsco Environmental Segment had one customer that provided in excess of 10% of this Segment's revenues under multiple long-term contracts at several mill sites. Should additional consolidations occur involving some of the steel industry's larger companies which are customers of the Company, it would result in an increase in concentration of credit risk for the Company. The loss of any one of the contracts would not have a material adverse effect upon the Company's financial position or cash flows; however, it could have a significant effect on quarterly or annual results of operations.

In 2021 and 2020, Harsco Clean Earth had one customer that provided in excess of 10% of the Segment's revenue and, in 2019, no customers in excess of 10% of the Segment's revenues. The loss of this customer would not have a material adverse impact on the Company's financial positions or cash flows; however, it could have a material effect on quarterly or annual results of operations.
Operating Information by Segment:
Twelve Months Ended
 December 31
(In thousands)202120202019
Revenues (b)
   
Harsco Environmental$1,068,083 $914,445 $1,034,847 
Harsco Clean Earth780,316 619,588 169,522 
Total Revenues$1,848,399 $1,534,033 $1,204,369 
Operating Income (Loss) (b)
   
Harsco Environmental$103,402 $59,006 $112,298 
Harsco Clean Earth25,639 16,096 20,009 
Corporate(40,665)(78,408)(55,904)
Total Operating Income (Loss)$88,376 $(3,306)$76,403 
Total Assets   
Harsco Environmental$1,386,087 $1,322,731 $1,296,061 
Harsco Clean Earth1,278,472 1,279,387 745,410 
Corporate56,086 74,185 28,455 
Discontinued Operations333,263 316,984 297,541 
Total Assets$3,053,908 $2,993,287 $2,367,467 
Depreciation (b)
   
Harsco Environmental
$105,830 $100,971 $104,840 
Harsco Clean Earth
19,672 17,450 4,932 
Corporate
1,900 2,022 2,737 
Total Depreciation$127,402 $120,443 $112,509 
Amortization (b)
Harsco Environmental
$8,052 $7,825 $7,286 
Harsco Clean Earth
24,180 22,814 7,923 
Corporate (c)
2,710 2,961 2,500 
Total Amortization$34,942 $33,600 $17,709 
Capital Expenditures (b)
   
Harsco Environmental
$137,228 $99,056 $153,694 
Harsco Clean Earth
18,403 12,612 5,870 
Corporate
1,289 488 1,762 
Total Capital Expenditures$156,920 $112,156 $161,326 
(b) The Company's acquisition of ESOL closed on April 6, 2020 and the Company's acquisition of Clean Earth closed on June 28, 2019. The operating results of the former Harsco Rail Segment and former Harsco Industrial Segment have been reflected as discontinued operations in the Consolidated Statement of Operations for all periods presented. See Note 3, Acquisitions and Dispositions, for additional details.
(c) Amortization expense on Corporate relates to the amortization of deferred financing costs.
Reconciliation of Segment Operating Income to Consolidated Income (Loss) From Continuing Operations Before Income Taxes and Equity Income:
Twelve Months Ended
 December 31
(In thousands)202120202019
Segment operating income$129,041 $75,102 $132,307 
General Corporate expense(40,665)(78,408)(55,904)
Operating income from continuing operations88,376 (3,306)76,403 
Interest income2,231 2,129 1,946 
Interest expense(63,235)(58,196)(34,024)
Defined benefit pension income (expense)15,640 7,073 (5,556)
Unused debt commitment fees, amendment fees and loss on extinguishment of debt(5,506)(1,920)(7,704)
Income (loss) from continuing operations before income taxes and equity income $37,506 $(54,220)$31,065