GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at March 31, 2016 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	56,028	$	219,856	$	79,461	$	—		$	355,345
Intercompany receivables	172,776		283,034		38,065		(493,875		)	—
Accounts receivable, net	—		380,873		77,428		—			458,301
Other current assets	—		185,171		64,804		—			249,975
Property, plant and equipment, net	—		1,129,262		467,610		—			1,596,872
Investments in subsidiaries	2,832,086		524,500		—		(3,356,586		)	—
Intercompany debt receivable	—		278,018		3,701		(281,719		)	—
Goodwill	—		369,400		91,242		—			460,642
Permits and other intangibles, net	—		429,388		73,144		—			502,532
Other long-term assets	1,626		9,457		6,925		—			18,008
Total assets	$	3,062,516	$	3,808,959	$	902,380	$	(4,132,180	)	$	3,641,675
Liabilities and Stockholders’ Equity:
Current liabilities	$	22,124	$	382,100	$	61,286	$	—		$	465,510
Intercompany payables	288,515		203,542		1,818		(493,875		)	—
Closure, post-closure and remedial liabilities, net	—		152,767		15,205		—			167,972
Long-term obligations	1,631,603		—		—		—			1,631,603
Intercompany debt payable	3,701		—		278,018		(281,719		)	—
Other long-term liabilities	—		238,464		21,553		—			260,017
Total liabilities	1,945,943		976,873		377,880		(775,594		)	2,525,102
Stockholders’ equity	1,116,573		2,832,086		524,500		(3,356,586		)	1,116,573
Total liabilities and stockholders’ equity	$	3,062,516	$	3,808,959	$	902,380	$	(4,132,180	)	$	3,641,675

Following is the condensed consolidating balance sheet at December 31, 2015 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	11,017	$	83,479	$	90,212	$	—		$	184,708
Intercompany receivables	164,709		213,243		39,804		(417,756		)	—
Accounts receivables	—		404,580		91,424		—			496,004
Other current assets	—		179,969		60,515		—			240,484
Property, plant and equipment, net	—		1,082,466		450,001		—			1,532,467
Investments in subsidiaries	2,547,307		522,067		—		(3,069,374		)	—
Intercompany debt receivable	—		260,957		3,701		(264,658		)	—
Goodwill	—		367,306		85,799		—			453,105
Permits and other intangibles, net	—		435,080		71,738		—			506,818
Other long-term assets	1,068		10,274		6,500		—			17,842
Total assets	$	2,724,101	$	3,559,421	$	899,694	$	(3,751,788	)	$	3,431,428
Liabilities and Stockholders’ Equity:
Current liabilities	$	20,813	$	424,588	$	71,719	$	—		$	517,120
Intercompany payables	220,762		195,287		1,707		(417,756		)	—
Closure, post-closure and remedial liabilities, net	—		153,190		14,656		—			167,846
Long-term obligations	1,382,543		—		—		—			1,382,543
Intercompany debt payable	3,701		—		260,957		(264,658		)	—
Other long-term liabilities	—		239,049		28,588		—			267,637
Total liabilities	1,627,819		1,012,114		377,627		(682,414		)	2,335,146
Stockholders’ equity	1,096,282		2,547,307		522,067		(3,069,374		)	1,096,282
Total liabilities and stockholders’ equity	$	2,724,101	$	3,559,421	$	899,694	$	(3,751,788	)	$	3,431,428

Schedule of consolidating statement of income

Following is the consolidating statement of operations for the three months ended March 31, 2016 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	428,477		$	114,023		$	(12,269	)	$	530,231
Product revenues	—			89,588			18,713			(2,449		)	105,852
Total revenues	—			518,065			132,736			(14,718		)	636,083
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			282,964			103,291			(12,269		)	373,986
Product cost of revenues	—			79,354			13,388			(2,449		)	90,293
Total cost of revenues	—			362,318			116,679			(14,718		)	464,279
Selling, general and administrative expenses	24			80,655			23,805			—			104,484
Accretion of environmental liabilities	—			2,290			215			—			2,505
Depreciation and amortization	—			48,695			20,207			—			68,902
(Loss) income from operations	(24		)	24,107			(28,170		)	—			(4,087		)
Other expense	—			(88		)	(262		)	—			(350		)
Interest (expense) income	(20,143		)	1,111			52			—			(18,980		)
Equity in earnings of subsidiaries, net of taxes	(8,771		)	(26,495		)	—			35,266			—
Intercompany interest income (expense)	—			5,159			(5,159		)	—			—
(Loss) income before (benefit) provision for income taxes	(28,938		)	3,794			(33,539		)	35,266			(23,417		)
(Benefit) provision for income taxes	(8,067		)	12,565			(7,044		)	—			(2,546		)
Net loss	(20,871		)	(8,771		)	(26,495		)	35,266			(20,871		)
Other comprehensive income	45,837			45,837			28,927			(74,764		)	45,837
Comprehensive income	$	24,966		$	37,066		$	2,432		$	(39,498	)	$	24,966

Following is the consolidating statement of operations for the three months ended March 31, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues
Service revenues	$	—		$	418,517		$	193,453		$	(15,640	)	$	596,330
Product revenues	—			116,536			23,204			(3,571		)	136,169
Total revenues	—			535,053			216,657			(19,211		)	732,499
Cost of revenues (exclusive of items shown separately below)
Service cost of revenues	—			277,602			154,428			(15,640		)	416,390
Product cost of revenues	—			115,286			18,402			(3,571		)	130,117
Total cost of revenues	—			392,888			172,830			(19,211		)	546,507
Selling, general and administrative expenses	25			80,984			26,706			—			107,715
Accretion of environmental liabilities	—			2,306			313			—			2,619
Depreciation and amortization	—			45,801			22,555			—			68,356
(Loss) income from operations	(25		)	13,074			(5,747		)	—			7,302
Other income (expense)	—			111			298			—			409
Interest (expense) income	(19,639		)	178			23			—			(19,438		)
Equity in earnings of subsidiaries, net of taxes	4,709			(7,029		)	—			2,320			—
Intercompany interest income (expense)	—			5,977			(5,977		)	—			—
(Loss) income before (benefit) provision for income taxes	(14,955		)	12,311			(11,403		)	2,320			(11,727		)
(Benefit) provision for income taxes	(7,866		)	7,602			(4,374		)	—			(4,638		)
Net (loss) income	(7,089		)	4,709			(7,029		)	2,320			(7,089		)
Other comprehensive loss	(77,403		)	(77,403		)	(50,635		)	128,038			(77,403		)
Comprehensive loss	$	(84,492	)	$	(72,694	)	$	(57,664	)	$	130,358		$	(84,492	)

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2016 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash from (used in) operating activities	$	47,201		$	(3,361	)	$	(4,551	)	$	—		$	39,289
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(64,754		)	(11,027		)	—			(75,781		)
Proceeds from sales of fixed assets	—			277			996			—			1,273
Acquisitions, net of cash acquired	—			(34,993		)	—			—			(34,993		)
Costs to obtain or renew permits	—			(465		)	(47		)	—			(512		)
Investment in subsidiaries	(250,625		)	—			—			250,625			—
Intercompany	—			(6,423		)	—			6,423			—
Net cash used in investing activities	(250,625		)	(106,358		)	(10,078		)	257,048			(110,013		)
Cash flows from (used in) financing activities:
Change in uncashed checks	—			(4,529		)	(689		)	—			(5,218		)
Issuance of restricted shares, net of shares remitted	(1,425		)	—			—			—			(1,425		)
Repurchases of common stock	(4,998		)	—			—			—			(4,998		)
Deferred financing costs paid	(2,190		)	—			—			—			(2,190		)
Issuance of senior secured notes, including premium	250,625			250,625			—			(250,625		)	250,625
Intercompany	6,423			—			—			(6,423		)	—
Net cash from (used in) financing activities	248,435			246,096			(689		)	(257,048		)	236,794
Effect of exchange rate change on cash	—			—			4,567			—			4,567
Increase (decrease) in cash and cash equivalents	45,011			136,377			(10,751		)	—			170,637
Cash and cash equivalents, beginning of period	11,017			83,479			90,212			—			184,708
Cash and cash equivalents, end of period	$	56,028		$	219,856		$	79,461		$	—		$	355,345

Following is the condensed consolidating statement of cash flows for the three months ended March 31, 2015 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash (used in) from operating activities	$	(8,032	)	$	85,311		$	7,498		$	—		$	84,777
Cash flows used in investing activities:
Additions to property, plant and equipment	—			(37,670		)	(15,279		)	—			(52,949		)
Proceeds from sale of fixed assets	—			113			647			—			760
Costs to obtain or renew permits	—			—			(1,171		)	—			(1,171		)
Intercompany	—			(108,435		)	—			108,435			—
Net cash used in investing activities	—			(145,992		)	(15,803		)	108,435			(53,360		)
Cash flows from (used in) financing activities:
Change in uncashed checks	—			(14,694		)	(5,574		)	—			(20,268		)
Issuance of restricted shares, net of shares remitted	(1,154		)	—			—			—			(1,154		)
Repurchases of common stock	(15,379		)	—			—			—			(15,379		)
Excess tax benefit of stock-based compensation	5			—			—			—			5
Payments of capital leases	—			(164		)	(234		)	—			(398		)
Intercompany	108,435			—			—			(108,435		)	—
Net cash from (used in) financing activities	91,907			(14,858		)	(5,808		)	(108,435		)	(37,194		)
Effect of exchange rate change on cash	—			—			(7,363		)	—			(7,363		)
Decrease in cash and cash equivalents	83,875			(75,539		)	(21,476		)	—			(13,140		)
Cash and cash equivalents, beginning of period	1,006			154,147			91,726			—			246,879
Cash and cash equivalents, end of period	$	84,881		$	78,608		$	70,250		$	—		$	233,739