GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2014

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at September 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	$	164,527	$	92,488	$	—		$	258,021
Intercompany receivables	233,872		2,410		189,823		(426,105		)	—
Accounts receivable, net	—		411,440		164,135		—			575,575
Other current assets	24,058		211,238		85,045		—			320,341
Property, plant and equipment, net	—		968,839		610,862		—			1,579,701
Investments in subsidiaries	2,607,342		815,030		—		(3,422,372		)	—
Intercompany debt receivable	—		362,470		3,701		(366,171		)	—
Goodwill	—		319,539		130,038		—			449,577
Permits and other intangibles, net	—		441,680		100,194		—			541,874
Other long-term assets	24,576		3,687		7,865		—			36,128
Total assets	$	2,890,854	$	3,700,860	$	1,384,151	$	(4,214,648	)	$	3,761,217
Liabilities and Stockholders’ Equity:
Current liabilities	$	79,117	$	410,015	$	119,738	$	—		$	608,870
Intercompany payables	—		423,646		2,459		(426,105		)	—
Closure, post-closure and remedial liabilities, net	—		150,339		29,920		—			180,259
Long-term obligations	1,395,000		—		—		—			1,395,000
Capital lease obligations, net	—		104		629		—			733
Intercompany debt payable	3,701		—		362,470		(366,171		)	—
Other long-term liabilities	92,485		109,414		53,905		—			255,804
Total liabilities	1,570,303		1,093,518		569,121		(792,276		)	2,440,666
Stockholders’ equity	1,320,551		2,607,342		815,030		(3,422,372		)	1,320,551
Total liabilities and stockholders’ equity	$	2,890,854	$	3,700,860	$	1,384,151	$	(4,214,648	)	$	3,761,217

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 (loss) income for the three months ended September 30, 2014 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	420,809		$	243,123		$	(6,711	)	$	657,221
Product revenues	—			170,762			25,465			(1,983		)	194,244
Total revenues	—			591,571			268,588			(8,694		)	851,465
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			265,980			180,992			(6,711		)	440,261
Product cost of revenues	—			152,546			7,583			(1,983		)	158,146
Total cost of revenues	—			418,526			188,575			(8,694		)	598,407
Selling, general and administrative expenses	26			71,060			28,615			—			99,701
Accretion of environmental liabilities	—			2,258			384			—			2,642
Depreciation and amortization	—			44,213			25,836			—			70,049
Goodwill impairment charge	—			105,466			17,948			—			123,414
(Loss) income from operations	(26		)	(49,952		)	7,230			—			(42,748		)
Other income (loss)	—			1,930			(1,317		)	—			613
Interest (expense) income	(19,622		)	77			51			—			(19,494		)
Equity in earnings of subsidiaries, net of taxes	(105,802		)	(1,038		)	—			106,840			—
Intercompany interest income (expense)	—			7,470			(7,470		)	—			—
(Loss) income before provision for income taxes	(125,450		)	(41,513		)	(1,506		)	106,840			(61,629		)
(Benefit) provision for income taxes	(32,113		)	59,711			4,110			—			31,708
Net (loss) income	(93,337		)	(101,224		)	(5,616		)	106,840			(93,337		)
Other comprehensive (loss) income	(49,092		)	(49,092		)	32,335			16,757			(49,092		)
Comprehensive (loss) income	$	(142,429	)	$	(150,316	)	$	26,719		$	123,597		$	(142,429	)

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

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	445,165		$	256,812		$	56		$	702,033
Product revenues	—			169,743			35,815			(56		)	205,502
Total revenues	—			614,908			292,627			—			907,535
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			300,859			177,519			56			478,434
Product cost of revenues	—			139,683			29,058			(56		)	168,685
Total cost of revenues	—			440,542			206,577			—			647,119
Selling, general and administrative expenses	29			81,496			32,939			—			114,464
Accretion of environmental liabilities	—			2,478			436			—			2,914
Depreciation and amortization	—			45,533			23,897			—			69,430
(Loss) income from operations	(29		)	44,859			28,778			—			73,608
Other income (expense)	—			(111		)	(39		)	—			(150		)
Interest (expense) income	(19,844		)	137			381			—			(19,326		)
Equity in earnings of subsidiaries, net of taxes	58,919			21,064			—			(79,983		)	—
Intercompany dividend income	—			—			3,063			(3,063		)	—
Intercompany interest income (expense)	—			10,107			(10,107		)	—			—
Income before provision for income taxes	39,046			76,056			22,076			(83,046		)	54,132
Provision for income taxes	3,685			8,218			6,868			—			18,771
Net income	35,361			67,838			15,208			(83,046		)	35,361
Other comprehensive income (loss)	21,805			21,805			(10,072		)	(11,733		)	21,805
Comprehensive income (loss)	$	57,166		$	89,643		$	5,136		$	(94,779	)	$	57,166

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

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	1,322,825		$	654,168		$	(14,922	)	$	1,962,071
Product revenues	—			475,429			123,634			(4,522		)	594,541
Total revenues	—			1,798,254			777,802			(19,444		)	2,556,612
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			871,509			476,856			(14,922		)	1,333,443
Product cost of revenues	—			403,007			99,148			(4,522		)	497,633
Total cost of revenues	—			1,274,516			576,004			(19,444		)	1,831,076
Selling, general and administrative expenses	82			241,126			93,186			—			334,394
Accretion of environmental liabilities	—			6,825			1,150			—			7,975
Depreciation and amortization	—			128,234			77,246			—			205,480
Goodwill impairment charge	—			105,466			17,948			—			123,414
(Loss) income from operations	(82		)	42,087			12,268			—			54,273
Other income	—			2,716			1,420			—			4,136
Interest (expense) income	(58,968		)	523			15			—			(58,430		)
Equity in earnings of subsidiaries, net of taxes	(21,257		)	10,817			—			10,440			—
Intercompany dividend income	—			—			6,238			(6,238		)	—
Intercompany interest income (expense)	—			26,351			(26,351		)	—			—
(Loss) income before provision for income taxes	(80,307		)	82,494			(6,410		)	4,202			(21		)
(Benefit) provision for income taxes	(24,602		)	77,402			2,884						55,684
Net (loss) income	(55,705		)	5,092			(9,294		)	4,202			(55,705		)
Other comprehensive (loss) income	(54,561		)	(54,561		)	9,090			45,471			(54,561		)
Comprehensive (loss) income	$	(110,266	)	$	(49,469	)	$	(204	)	$	49,673		$	(110,266	)

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

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	1,295,525		$	755,856		$	(2,854	)	$	2,048,527
Product revenues	—			463,301			119,267			(869		)	581,699
Total revenues	—			1,758,826			875,123			(3,723		)	2,630,226
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			873,945			531,318			(2,854		)	1,402,409
Product cost of revenues	—			395,891			100,038			(869		)	495,060
Total cost of revenues	—			1,269,836			631,356			(3,723		)	1,897,469
Selling, general and administrative expenses	84			266,941			98,521			—			365,546
Accretion of environmental liabilities	—			7,315			1,313			—			8,628
Depreciation and amortization	—			127,042			69,862			—			196,904
(Loss) income from operations	(84		)	87,692			74,071			—			161,679
Other income (expense)	—			2,858			(828		)	—			2,030
Interest (expense) income	(59,408		)	137			487			—			(58,784		)
Equity in earnings of subsidiaries, net of taxes	134,246			57,040			—			(191,286		)	—
Intercompany dividend income	—			—			10,031			(10,031		)	—
Intercompany interest income (expense)	—			30,414			(30,414		)	—			—
Income before provision for income taxes	74,754			178,141			53,347			(201,317		)	104,925
Provision for income taxes	5,989			14,753			15,418			—			36,160
Net income	68,765			163,388			37,929			(201,317		)	68,765
Other comprehensive (loss) income	(37,562		)	(37,562		)	20,385			17,177			(37,562		)
Comprehensive income (loss)	$	31,203		$	125,826		$	58,314		$	(184,140	)	$	31,203

Schedule of condensed consolidating statement of cash flows

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

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	50,804		$	42,595		$	102,640		$	196,039
Cash flows from investing activities:
Additions to property, plant and equipment	—			(133,335		)	(65,542		)	(198,877		)
Proceeds from sales of fixed assets	—			3,635			2,278			5,913
Acquisitions, net of cash acquired	—			(6,150		)	—			(6,150		)
Costs to obtain or renew permits	—			(589		)	(4,854		)	(5,443		)
Proceeds from sales of marketable securities	—			—			12,947			12,947
Other	—			—			914			914
Net cash used in investing activities	—			(136,439		)	(54,257		)	(190,696		)
Cash flows from financing activities:
Change in uncashed checks	—			635			(1,226		)	(591		)
Proceeds from employee stock purchase plan	4,364			—			—			4,364
Remittance of shares, net	(2,668		)	—			—			(2,668		)
Repurchases of common stock	(48,329		)	—			—			(48,329		)
Excess tax benefit of stock-based compensation	829			—			—			829
Payments on capital leases	—			(130		)	(1,552		)	(1,682		)
Repayment of long-term obligations	(5,000		)	—			—			(5,000		)
Dividends (paid) / received	—			(7,412		)	7,412			—
Interest received / (payments)	—			29,833			(29,833		)	—
Net cash from financing activities	(50,804		)	22,926			(25,199		)	(53,077		)
Effect of exchange rate change on cash	—			—			(4,318		)	(4,318		)
(Decrease) increase in cash and cash equivalents	—			(70,918		)	18,866			(52,052		)
Cash and cash equivalents, beginning of period	1,006			235,445			73,622			310,073
Cash and cash equivalents, end of period	$	1,006		$	164,527		$	92,488		$	258,021

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

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(38,228	)	$	176,844		$	141,498		$	280,114
Cash flows from investing activities:
Additions to property, plant and equipment	—			(101,813		)	(105,828		)	(207,641		)
Proceeds from sale of fixed assets	—			819			2,881			3,700
Acquisitions, net of cash acquired	—			(59,458		)	—			(59,458		)
Costs to obtain or renew permits	—			(221		)	(4,136		)	(4,357		)
Other	—			—			(11		)	(11		)
Net cash used in investing activities	—			(160,673		)	(107,094		)	(267,767		)
Cash flows from financing activities:
Change in uncashed checks	—			9,427			327			9,754
Proceeds from exercise of stock options	399			—			—			399
Proceeds from employee stock purchase plan	5,327			—			—			5,327
Remittance of shares, net	(599		)	—			—			(599		)
Excess tax benefit of stock-based compensation	1,589			—			—			1,589
Deferred financing costs paid	(2,446		)	—			—			(2,446		)
Payments of capital leases	—			(178		)	(3,918		)	(4,096		)
Issuance costs related to 2012 issuance of common stock	(250		)	—			—			(250		)
Dividends (paid) / received	—			(10,284		)	10,284			—
Interest received / (payments)	—			32,107			(32,107		)	—
Net cash from financing activities	4,020			31,072			(25,414		)	9,678
Effect of exchange rate change on cash	—			—			(3,226		)	(3,226		)
(Decrease) increase in cash and cash equivalents	(34,208		)	47,243			5,764			18,799
Cash and cash equivalents, beginning of period	35,214			140,683			53,939			229,836
Cash and cash equivalents, end of period	$	1,006		$	187,926		$	59,703		$	248,635