GUARANTOR AND NON-GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2012

Guarantor and Non-Guarantor Subsidiaries Financial Information [Abstract]

Schedule of condensed consolidating balance sheet

Following is the condensed consolidating balance sheet at June 30, 2012 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	94,960	$	138,482	$	63,316	$	—		$	296,758
Intercompany receivables	324,405		—		122,618		(447,023		)	—
Other current assets	26,294		332,701		209,755		—			568,750
Property, plant and equipment, net	—		417,583		537,457		—			955,040
Investments in subsidiaries	1,138,424		473,506		91,751		(1,703,681		)	—
Intercompany debt receivable	—		472,279		3,701		(475,980		)	—
Other long-term assets	12,328		111,993		177,345		—			301,666
Total assets	$	1,596,411	$	1,946,544	$	1,205,943	$	(2,626,684	)	$	2,122,214
Liabilities and Stockholders’ Equity:
Current liabilities	$	18,580	$	227,821	$	114,920	$	—		$	361,321
Intercompany payables	—		447,023		—		(447,023		)	—
Closure, post-closure and remedial liabilities, net	—		126,245		21,458		—			147,703
Long-term obligations	523,481		—		—		—			523,481
Capital lease obligations, net	—		357		4,125		—			4,482
Intercompany debt payable	3,701		—		472,279		(475,980		)	—
Other long-term liabilities	89,749		7,727		26,851		—			124,327
Total liabilities	635,511		809,173		639,633		(923,003		)	1,161,314
Stockholders’ equity	960,900		1,137,371		566,310		(1,703,681		)	960,900
Total liabilities and stockholders’ equity	$	1,596,411	$	1,946,544	$	1,205,943	$	(2,626,684	)	$	2,122,214

Following is the condensed consolidating balance sheet at December 31, 2011 (in thousands):

	Clean Harbors, Inc.		U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets:
Cash and cash equivalents	$	91,581	$	128,071	$	41,071	$	—		$	260,723
Intercompany receivables	319,444		—		126,823		(446,267		)	—
Other current assets	43,687		324,607		262,851		—			631,145
Property, plant and equipment, net	—		392,566		511,381		—			903,947
Investments in subsidiaries	1,064,966		421,648		91,654		(1,578,268		)	—
Intercompany debt receivable	—		472,929		3,701		(476,630		)	—
Other long-term assets	13,228		111,104		165,656		—			289,988
Total assets	$	1,532,906	$	1,850,925	$	1,203,137	$	(2,501,165	)	$	2,085,803
Liabilities and Stockholders’ Equity:
Current liabilities	$	15,612	$	220,968	$	145,162	$	—		$	381,742
Intercompany payables	—		446,267		—		(446,267		)	—
Closure, post-closure and remedial liabilities, net	—		133,773		21,369		—			155,142
Long-term obligations	524,203		—		—		—			524,203
Capital lease obligations, net	—		475		5,900		—			6,375
Intercompany debt payable	3,701		—		472,929		(476,630		)	—
Other long-term liabilities	88,403		7,588		21,363		—			117,354
Total liabilities	631,919		809,071		666,723		(922,897		)	1,184,816
Stockholders’ equity	900,987		1,041,854		536,414		(1,578,268		)	900,987
Total liabilities and stockholders’ equity	$	1,532,906	$	1,850,925	$	1,203,137	$	(2,501,165	)	$	2,085,803

Schedule of consolidating statement of income

Following is the consolidating statement of income for the three months ended June 30, 2012 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	313,742		$	214,821		$	(5,445	)	$	523,118
Cost of revenues (exclusive of items shown separately below)	—			210,755			162,313			(5,445		)	367,623
Selling, general and administrative expenses	(62		)	41,445			25,411			—			66,794
Accretion of environmental liabilities	—			2,184			321			—			2,505
Depreciation and amortization	—			19,154			19,509			—			38,663
Income from operations	62			40,204			7,267			—			47,533
Other (expense) income	—			125			(200		)	—			(75		)
Interest (expense) income	(10,726		)	21			(263		)	—			(10,968		)
Equity in earnings of subsidiaries	38,461			7,371						(45,832		)	—
Intercompany dividend income (expense)	—			—			3,389			(3,389		)	—
Intercompany interest income (expense)	—			10,259			(10,259		)	—			—
Income before provision for income taxes	27,797			57,980			(66		)	(49,221		)	36,490
Provision (benefit) for income taxes	4,371			9,920			(1,227		)	—			13,064
Net income	23,426			48,060			1,161			(49,221		)	23,426
Other comprehensive (loss) income	(17,457		)	(17,457		)	(7,956		)	25,413			(17,457		)
Comprehensive income (loss)	$	5,969		$	30,603		$	(6,795	)	$	(23,808	)	$	5,969

Following is the consolidating statement of income for the three months ended June 30, 2011 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	263,194	$	189,238		$	(5,197	)	$	447,235
Cost of revenues (exclusive of items shown separately below)	—			178,057		134,894			(5,197		)	307,754
Selling, general and administrative expenses	8			38,621		19,625			—			58,254
Accretion of environmental liabilities	—			2,090		317			—			2,407
Depreciation and amortization	—			12,693		14,243			—			26,936
Income from operations	(8		)	31,733		20,159			—			51,884
Other income	—			394		2,474			—			2,868
Interest (expense) income	(10,630		)	5		(17		)	—			(10,642		)
Equity in earnings of subsidiaries	43,534			24,411		—			(67,945		)	—
Intercompany dividend income (expense)	—			—		3,537			(3,537		)	—
Intercompany interest income (expense)	—			8,970		(8,970		)	—			—
Income before provision for income taxes	32,896			65,513		17,183			(71,482		)	44,110
Provision for income taxes	3,740			6,849		4,365			—			14,954
Net income	29,156			58,664		12,818			(71,482		)	29,156
Other comprehensive income (loss)	3,126			3,126		90			(3,216		)	3,126
Comprehensive income (loss)	$	32,282		$	61,790	$	12,908		$	(74,698	)	$	32,282

Following is the consolidating statement of income for the six months ended June 30, 2012 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	605,279		$	500,550		$	(10,689	)	$	1,095,140
Cost of revenues (exclusive of items shown separately below)	—			411,955			366,672			(10,689		)	767,938
Selling, general and administrative expenses	18			86,357			51,178			—			137,553
Accretion of environmental liabilities	—			4,280			641			—			4,921
Depreciation and amortization	—			35,790			39,704			—			75,494
Income from operations	(18		)	66,897			42,355			—			109,234
Other expense	—			(325		)	(49		)	—			(374		)
Interest (expense) income	(21,432		)	(180		)	(628		)	—			(22,240		)
Equity in earnings of subsidiaries	74,926			33,367			—			(108,293		)	—
Intercompany dividend income (expense)	10,010			—			6,915			(16,925		)	—
Intercompany interest income (expense)	—			20,604			(20,604		)	—			—
Income before provision for income taxes	63,486			120,363			27,989			(125,218		)	86,620
Provision for income taxes	8,045			15,642			7,492			—			31,179
Net income	55,441			104,721			20,497			(125,218		)	55,441
Other comprehensive (loss) income	(2,277		)	(2,277		)	(1,672		)	3,949			(2,277		)
Comprehensive income (loss)	$	53,164		$	102,444		$	18,825		$	(121,269	)	$	53,164

Following is the consolidating statement of income for the six months ended June 30, 2011 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries		Foreign Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	511,561	$	382,026		$	(11,390	)	$	882,197
Cost of revenues (exclusive of items shown separately below)	—			353,495		278,226			(11,390		)	620,331
Selling, general and administrative expenses	50			74,732		38,266			—			113,048
Accretion of environmental liabilities	—			4,177		619			—			4,796
Depreciation and amortization	—			25,691		26,705			—			52,396
Income from operations	(50		)	53,466		38,210			—			91,626
Other income	—			3,730		2,037			—			5,767
Interest (expense) income	(17,306		)	173		13			—			(17,120		)
Equity in earnings of subsidiaries	76,865			31,712		—			(108,577		)	—
Intercompany dividend income (expense)	—			—		6,993			(6,993		)	—
Intercompany interest income (expense)	—			17,700		(17,700		)	—			—
Income before provision for income taxes	59,509			106,781		29,553			(115,570		)	80,273
Provision for income taxes	7,623			13,176		7,588			—			28,387
Net income	51,886			93,605		21,965			(115,570		)	51,886
Other comprehensive income (loss)	19,607			19,607		5,795			(25,402		)	19,607
Comprehensive income (loss)	$	71,493		$	113,212	$	27,760		$	(140,972	)	$	71,493

Schedule of condensed consolidating statement of cash flows

Following is the condensed consolidating statement of cash flows for the six months ended June 30, 2012 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	(9,706	)	$	48,387		$	137,093		$	175,774
Cash flows from investing activities:
Additions to property, plant and equipment	—			(47,808		)	(35,163		)	(82,971		)
Proceeds from sales of fixed assets	—			3,344			542			3,886
Acquisitions, net of cash acquired	—			(2,276		)	(40,763		)	(43,039		)
Costs to obtain or renew permits	—			(262		)	(691		)	(953		)
Purchase of marketable securities	—			—			(10,517		)	(10,517		)
Other	—			603			4,517			5,120
Net cash from investing activities	—			(46,399		)	(82,075		)	(128,474		)
Cash flows from financing activities:
Change in uncashed checks	—			(4,167		)	(5,329		)	(9,496		)
Proceeds from exercise of stock options	98			—			—			98
Proceeds from employee stock purchase plan	3,130			—			—			3,130
Remittance of shares, net	(1,216		)	—			—			(1,216		)
Excess tax benefit of stock-based compensation	1,122			—			—			1,122
Deferred financing costs paid	(21		)	—			—			(21		)
Payments on capital leases	—			(573		)	(3,260		)	(3,833		)
Distribution of cash earned on employee participation plan	(38		)	—			—			(38		)
Dividends (paid) / received	10,010			(23,622		)	13,612			—
Interest (payments) / received	—			36,785			(36,785		)	—
Net cash from financing activities	13,085			8,423			(31,762		)	(10,254		)
Effect of exchange rate change on cash	—			—			(1,011		)	(1,011		)
Increase in cash and cash equivalents	3,379			10,411			22,245			36,035
Cash and cash equivalents, beginning of period	91,581			128,071			41,071			260,723
Cash and cash equivalents, end of period	$	94,960		$	138,482		$	63,316		$	296,758

Following is the condensed consolidating statement of cash flows for the six months ended June 30, 2011 (in thousands):

	Clean Harbors, Inc.			U.S. Guarantor Subsidiaries			Foreign Non-Guarantor Subsidiaries			Total
Net cash from operating activities	$	4,474		$	28,763		$	42,392		$	75,629
Cash flows from investing activities:
Additions to property, plant and equipment	—			(40,991		)	(24,469		)	(65,460		)
Proceeds from sale of fixed assets	—			361			4,530			4,891
Acquisitions, net of cash acquired	—			—			(205,922		)	(205,922		)
Additions to intangible assets, including costs to obtain or renew permits	—			(298		)	(768		)	(1,066		)
Proceeds from sale of marketable securities	—			—			388			388
Investment in subsidiaries	(173,540		)	115,784			57,756			—
Net cash from investing activities	(173,540		)	74,856			(168,485		)	(267,169		)
Cash flows from financing activities:
Change in uncashed checks	—			11,329			2,417			13,746
Proceeds from exercise of stock options	783			—			—			783
Proceeds from employee stock purchase plan	1,556			—			—			1,556
Remittance of shares, net	(1,807		)	—			—			(1,807		)
Excess tax benefit of stock-based compensation	1,617			—			—			1,617
Deferred financing costs paid	(8,099		)	—			—			(8,099		)
Payments of capital leases	—			(318		)	(2,998		)	(3,316		)
Distribution of cash earned on employee participation plan	—			—			(189		)	(189		)
Issuance of senior secured notes, including premium	261,250			—			—			261,250
Dividends (paid) / received	10,186			(24,306		)	14,120			—
Interest (payments) / received	—			24,132			(24,132		)	—
Intercompany debt	—			(120,475		)	120,475			—
Net cash from financing activities	265,486			(109,638		)	109,693			265,541
Effect of exchange rate change on cash	—			—			1,365			1,365
Increase (decrease) in cash and cash equivalents	96,420			(6,019		)	(15,035		)	75,366
Cash and cash equivalents, beginning of period	100,476			124,582			77,152			302,210
Cash and cash equivalents, end of period	$	196,896		$	118,563		$	62,117		$	377,576