SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Reconciliation of Third Party Revenues to Direct Revenues

The following table reconciles third-party revenues to direct revenues for the three and nine months ended September 30, 2022 and 2021 (in thousands):


	For the Three Months Ended				For the Three Months Ended
	September 30, 2022				September 30, 2021
	Third-party revenues		Intersegment revenues, net		Direct revenues		Third-party revenues		Intersegment revenues, net		Direct revenues
Environmental Services	$	1,080,032	$	6,452	$	1,086,484	$	743,831	$	1,802	$	745,633
Safety-Kleen Sustainability Solutions	282,771		(6,452)		276,319		207,589		(1,802)		205,787
Corporate Items	283		—		283		59		—		59
Total	$	1,363,086	$	—	$	1,363,086	$	951,479	$	—	$	951,479


	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2022				September 30, 2021
	Third-party revenues		Intersegment revenues, net		Direct revenues		Third-party revenues		Intersegment revenues, net		Direct revenues
Environmental Services	$	3,105,336	$	19,336	$	3,124,672	$	2,119,856	$	4,476	$	2,124,332
Safety-Kleen Sustainability Solutions	782,737		(19,336)		763,401		566,012		(4,476)		561,536
Corporate Items	434		—		434		217		—		217
Total	$	3,888,507	$	—	$	3,888,507	$	2,686,085	$	—	$	2,686,085

Schedule of Reconciliation to Consolidated Statements of Income to Adjusted EBITDA

The following table presents Adjusted EBITDA information used by management by reported segment (in thousands):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Adjusted EBITDA:
Environmental Services	$	260,687	$	166,471	$	713,630	$	482,766
Safety-Kleen Sustainability Solutions	103,156		70,810		252,043		165,756
Corporate Items	(55,288)		(52,197)		(167,789)		(146,216)
Total	308,555		185,084		797,884		502,306
Reconciliation to Consolidated Statements of Operations:
Accretion of environmental liabilities	3,246		2,799		9,599		8,625
Stock-based compensation	7,828		6,001		20,375		12,786
Depreciation and amortization	88,394		71,451		260,560		215,206
Income from operations	209,087		104,833		507,350		265,689
Other (income) expense, net	(104)		(199)		(2,073)		2,509
Gain on sale of business	—		—		(8,864)		—

Interest expense, net of interest income	28,081		17,984		79,354		53,953
Income before provision for income taxes	$	181,110	$	87,048	$	438,933	$	209,227