GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2014

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at June 30, 2014 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	1,006	$	193,821	$	83,817	$	—		$	278,644
Intercompany receivables	237,556		2,446		84,029		(324,031		)	—
Accounts receivable, net	—		399,423		175,764					575,187
Other current assets	24,087		194,211		78,162		—			296,460
Property, plant and equipment, net	—		961,240		650,058		—			1,611,298
Investments in subsidiaries	2,762,237		760,718		—		(3,522,955		)	—
Intercompany debt receivable	—		379,428		3,701		(383,129		)	—
Goodwill			424,057		154,917					578,974
Permits and other intangibles, net			447,638		106,020					553,658
Other long-term assets	25,457		3,759		9,006		—			38,222
Total assets	$	3,050,343	$	3,766,741	$	1,345,474	$	(4,230,115	)	$	3,932,443
Liabilities and Stockholders’ Equity:
Current liabilities	$	61,029	$	429,490	$	115,747	$	—		$	606,266
Intercompany payables	—		321,533		2,498		(324,031		)	—
Closure, post-closure and remedial liabilities, net	—		150,250		31,416		—			181,666
Long-term obligations	1,395,000		—		—		—			1,395,000
Capital lease obligations, net	—		129		698		—			827
Intercompany debt payable	3,701		—		379,428		(383,129		)	—
Other long-term liabilities	91,897		103,102		54,969		—			249,968
Total liabilities	1,551,627		1,004,504		584,756		(707,160		)	2,433,727
Stockholders’ equity	1,498,716		2,762,237		760,718		(3,522,955		)	1,498,716
Total liabilities and stockholders’ equity	$	3,050,343	$	3,766,741	$	1,345,474	$	(4,230,115	)	$	3,932,443

Following is the condensed consolidating balance sheet at December 31, 2013 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	1,006	$	235,445	$	73,622	$	—		$	310,073
Intercompany receivables	269,580		2,448		230,224		(502,252		)	—
Accounts receivables	—		387,006		192,388		—			579,394
Other current assets	24,087		182,881		74,744		—			281,712
Property, plant and equipment, net	—		945,280		656,890		—			1,602,170
Investments in subsidiaries	2,683,158		967,186		144,953		(3,795,297		)	—
Intercompany debt receivable	—		493,402		3,701		(497,103		)	—
Goodwill	—		415,541		155,419		—			570,960
Permits and other intangibles, net	—		458,917		111,056		—			569,973
Other long-term assets	23,770		7,018		8,608		—			39,396
Total assets	$	3,001,601	$	4,095,124	$	1,651,605	$	(4,794,652	)	$	3,953,678
Liabilities and Stockholders’ Equity:
Current liabilities	$	33,626	$	466,454	$	139,465	$	—		$	639,545
Intercompany payables	—		499,749		2,503		(502,252		)	—
Closure, post-closure and remedial liabilities, net	—		158,298		31,814		—			190,112
Long-term obligations	1,400,000		—		—		—			1,400,000
Capital lease obligations, net	—		191		1,244		—			1,435
Intercompany debt payable	3,701		—		493,402		(497,103		)	—
Other long-term liabilities	88,635		103,125		55,187		—			246,947
Total liabilities	1,525,962		1,227,817		723,615		(999,355		)	2,478,039
Stockholders’ equity	1,475,639		2,867,307		927,990		(3,795,297		)	1,475,639
Total liabilities and stockholders’ equity	$	3,001,601	$	4,095,124	$	1,651,605	$	(4,794,652	)	$	3,953,678

Schedule of consolidating statement of income

Following is the consolidating statement of income (loss) for the three months ended June 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues				$	476,268		$	194,579		$	(5,572	)	$	665,275
Product revenues				151,667			43,136			(1,598		)	193,205
Total revenues	—			627,935			237,715			(7,170		)	858,480
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues				317,861			133,468			(5,572		)	445,757
Product cost of revenues				118,560			44,231			(1,598		)	161,193
Total cost of revenues	—			436,421			177,699			(7,170		)	606,950
Selling, general and administrative expenses	25			82,513			33,193			—			115,731
Accretion of environmental liabilities	—			2,219			390			—			2,609
Depreciation and amortization	—			41,289			24,786			—			66,075
Income from operations	(25		)	65,493			1,647			—			67,115
Other income	—			(123		)	(532		)	—			(655		)
Interest (expense) income	(19,612		)	216			14			—			(19,382		)
Equity in earnings of subsidiaries	54,436			3,393			—			(57,829		)	—
Intercompany dividend income	—						3,138			(3,138		)	—
Intercompany interest income (expense)				9,497			(9,497		)				—
Income before provision for income taxes	34,799			78,476			(5,230		)	(60,967		)	47,078
Provision (benefit) for income taxes	6,127			13,586			(1,307		)				18,406
Net income (loss)	28,672			64,890			(3,923		)	(60,967		)	28,672
Other comprehensive income (loss)	36,056			36,056			(42,927		)	6,871			36,056
Comprehensive income (loss)	$	64,728		$	100,946		$	(46,850	)	$	(54,096	)	$	64,728

Following is the consolidating statement of (loss) income for the three months ended June 30, 2013 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	497,731		$	171,019		$	5,122		$	673,872
Product revenues	—			89,740			95,465			1,451			186,656
Total revenues	—			587,471			266,484			6,573			860,528
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			341,768			108,713			5,122			455,603
Product cost of revenues	—			73,712			83,560			1,451			158,723
Total cost of revenues	—			415,480			192,273			6,573			614,326
Selling, general and administrative expenses	30			89,884			32,698			—			122,612
Accretion of environmental liabilities	—			2,437			442			—			2,879
Depreciation and amortization	—			44,220			23,248			—			67,468
Income from operations	(30		)	35,450			17,823			—			53,243
Other income (expense)	—			2,249			(594		)	—			1,655
Interest (expense) income	(19,764		)	—			179			—			(19,585		)
Equity in earnings of subsidiaries	45,106			14,563			—			(59,669		)	—
Intercompany dividend income	—			—			3,323			(3,323		)	—
Intercompany interest income (expense)	—			9,969			(9,969		)	—			—
Income before provision for income taxes	25,312			62,231			10,762			(62,992		)	35,313
Provision for income taxes	2,410			7,009			2,992			—			12,411
Net income	22,902			55,222			7,770			(62,992		)	22,902
Other comprehensive (loss) income	(35,506		)	(35,506		)	18,685			16,821			(35,506		)
Comprehensive (loss) income	$	(12,604	)	$	19,716		$	26,455		$	(46,171	)	$	(12,604	)

Following is the consolidating statement of income (loss) for the six months ended June 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues				$	920,142		$	413,584		$	(8,356	)	$	1,325,370
Product revenues				286,542			95,629			(2,394		)	379,777
Total revenues	—			1,206,684			509,213			(10,750		)	1,705,147
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues				622,502			298,410			(8,356		)	912,556
Product cost of revenues				233,488			89,019			(2,394		)	320,113
Total cost of revenues	—			855,990			387,429			(10,750		)	1,232,669
Selling, general and administrative expenses	56			170,066			64,571			—			234,693
Accretion of environmental liabilities				4,567			766						5,333
Depreciation and amortization				84,021			51,410			—			135,431
Income from operations	(56		)	92,040			5,037			—			97,021
Other income				786			2,737						3,523
Interest (expense) income	(39,346		)	446			(36		)				(38,936		)
Equity in earnings of subsidiaries	84,545			11,855						(96,400		)	—
Intercompany dividend income	—						6,238			(6,238		)	—
Intercompany interest income (expense)				18,881			(18,881		)				—
Income before provision for income taxes	45,143			124,008			(4,905		)	(102,638		)	61,608
Provision (benefit) for income taxes	7,511			17,691			(1,226		)				23,976
Net income (loss)	37,632			106,317			(3,679		)	(102,638		)	37,632
Other comprehensive loss	(5,469		)	(5,469		)	(23,245		)	28,714			(5,469		)
Comprehensive income (loss)	$	32,163		$	100,848		$	(26,924	)	$	(73,924	)	$	32,163

Following is the consolidating statement of (loss) income for the six months ended June 30, 2013 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	896,966		$	452,438		$	(2,910	)	$	1,346,494
Product revenues	—			250,603			126,407			(813		)	376,197
Total revenues	—			1,147,569			578,845			(3,723		)	1,722,691
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			615,940			310,945			(2,910		)	923,975
Product cost of revenues	—			217,353			109,835			(813		)	326,375
Total cost of revenues	—			833,293			420,780			(3,723		)	1,250,350
Selling, general and administrative expenses	55			185,445			65,582			—			251,082
Accretion of environmental liabilities	—			4,837			877			—			5,714
Depreciation and amortization	—			81,509			45,965			—			127,474
Income from operations	(55		)	42,485			45,641			—			88,071
Other income (expense)	—			2,969			(789		)	—			2,180
Interest (expense) income	(39,564		)	—			106			—			(39,458		)
Equity in earnings of subsidiaries	75,327			35,976			—			(111,303		)	—
Intercompany dividend income	—			—			6,968			(6,968		)	—
Intercompany interest income (expense)	—			20,307			(20,307		)	—			—
Income before provision for income taxes	35,708			101,737			31,619			(118,271		)	50,793
Provision for income taxes	2,304			6,535			8,550			—			17,389
Net income	33,404			95,202			23,069			(118,271		)	33,404
Other comprehensive (loss) income	(59,367		)	(59,367		)	30,457			28,910			(59,367		)
Comprehensive (loss) income	$	(25,963	)	$	35,835		$	53,526		$	(89,361	)	$	(25,963	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the six months ended June 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	16,864		$	35,046		$	63,034		$	114,944
Cash flows from investing activities:
Additions to property, plant and equipment	—			(90,515		)	(47,671		)	(138,186		)
Proceeds from sales of fixed assets	—			1,015			1,971			2,986
Acquisitions, net of cash acquired	—			(6,150		)	—			(6,150		)
Costs to obtain or renew permits	—			(477		)	(2,414		)	(2,891		)
Proceeds from sales of marketable securities	—			—			12,947			12,947
Net cash used in investing activities	—			(96,127		)	(35,167		)	(131,294		)
Cash flows from financing activities:
Change in uncashed checks	—			4,595			(1,433		)	3,162
Proceeds from employee stock purchase plan	4,364			—			—			4,364
Remittance of shares, net	(2,215		)	—			—			(2,215		)
Repurchases of common stock	(14,657		)	—			—			(14,657		)
Excess tax benefit of stock-based compensation	644			—			—			644
Payments on capital leases	—			(87		)	(1,103		)	(1,190		)
Repayment of long-term obligations	(5,000		)	—			—			(5,000		)
Dividends (paid) / received	—			(7,412		)	7,412			—
Interest received / (payments)	—			22,361			(22,361		)	—
Net cash from financing activities	(16,864		)	19,457			(17,485		)	(14,892		)
Effect of exchange rate change on cash	—			—			(187		)	(187		)
(Decrease) increase in cash and cash equivalents	—			(41,624		)	10,195			(31,429		)
Cash and cash equivalents, beginning of period	1,006			235,445			73,622			310,073
Cash and cash equivalents, end of period	$	1,006		$	193,821		$	83,817		$	278,644

Following is the condensed consolidating statement of cash flows for the six months ended June 30, 2013 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(36,459	)	$	84,226		$	89,845		$	137,612
Cash flows from investing activities:
Additions to property, plant and equipment	—			(62,818		)	(78,648		)	(141,466		)
Proceeds from sale of fixed assets	—			803			1,391			2,194
Acquisitions, net of cash acquired	—			—			—			—
Costs to obtain or renew permits	—			(212		)	(1,957		)	(2,169		)
Net cash used in investing activities	—			(62,227		)	(79,214		)	(141,441		)
Cash flows from financing activities:
Change in uncashed checks	—			37,118			3,238			40,356
Proceeds from exercise of stock options	399			—			—			399
Proceeds from employee stock purchase plan	3,391			—			—			3,391
Remittance of shares, net	(169		)	—			—			(169		)
Excess tax benefit of stock-based compensation	1,326			—			—			1,326
Deferred financing costs paid	(2,446		)	—			—			(2,446		)
Payments of capital leases	—			(164		)	(2,424		)	(2,588		)
Issuance costs related to 2012 issuance of common stock	(250		)	—			—			(250		)
Dividends (paid) / received	—			(6,989		)	6,989			—
Interest received / (payments)	—			21,780			(21,780		)	—
Net cash from financing activities	2,251			51,745			(13,977		)	40,019
Effect of exchange rate change on cash	—			—			(2,548		)	(2,548		)
(Decrease) increase in cash and cash equivalents	(34,208		)	73,744			(5,894		)	33,642
Cash and cash equivalents, beginning of period	35,214			140,683			53,939			229,836
Cash and cash equivalents, end of period	$	1,006		$	214,427		$	48,045		$	263,478