Clean Harbors, Inc. (�Clean Harbors�) (NASDAQ: CLHB), the leading
provider of environmental and hazardous waste management services
throughout North America, today announced record financial results
for the third quarter ended September 30, 2006. For the third
quarter of 2006, Clean Harbors reported a 20 percent increase in
revenue to $213.9 million, from $178.6 million reported in the
third quarter of 2005. The Teris acquisition, which was completed
in mid-August 2006, contributed approximately $8 million of the $35
million increase. Income from operations increased 77 percent to
$21.8 million from $12.3 million in the third quarter of 2005.
Third-quarter 2006 income from operations includes an $8.4 million
pre-tax net benefit related to changes in estimated environmental
liabilities, a $2.5 million pre-tax depreciation expense related to
the impairment of Clean Harbors� Plaquemine, Louisiana facility
that was recently closed, and approximately $2 million of costs
associated with the Teris acquisition. Net income attributable to
common stockholders was $21.0 million, or $1.02 per diluted share,
for the third quarter of 2006. This compares with $5.5 million, or
$0.31 per diluted share, in the same period of 2005. Third-quarter
net income attributable to common stockholders reflects the
previously mentioned items as well as a $7.4 million tax benefit
associated with the release of the valuation allowance on certain
net deferred tax assets. For the third quarter of 2006, EBITDA,
which includes the net change in estimated environmental
liabilities and the costs associated with Teris, increased 60
percent to $35.4 million from $22.1 million for the quarter ended
September 30, 2005. See below for a description of EBITDA and a
reconciliation to GAAP results. Comments on the Third Quarter
�Clean Harbors delivered another record breaking quarter,� stated
Alan S. McKim, Chairman and Chief Executive Officer. �Continued
growth across all our business lines enabled us to surpass the $200
million revenue mark, exclusive of the Teris contribution.� �Our
Technical Services business sustained the momentum it has
maintained throughout 2006 as we continue to win large scale
projects that drive substantial volumes to our disposal
facilities,� McKim said. �Despite scheduled maintenance at several
locations, incineration volumes were very strong in the quarter as
we achieved utilization of 91%. Landfill volumes were marginally
higher than last year as an increase at our U.S. landfills was
offset by a moderate decrease at one of our Canadian landfills.�
�Growth within Site Services helped fuel our performance in the
quarter as our reputation for responsiveness and superior service
continues to resonate with customers,� McKim said. �During the
third quarter, we secured nearly $8 million from a variety of small
scale emergency response projects, including ongoing clean-up work
in the Gulf Coast region. We also continued our steady geographic
expansion with the opening of another Site Services branch during
the quarter.� �We continued to successfully manage our
environmental liabilities, and have once again reduced our total
environmental liabilities and cash outlay,� McKim said. �During the
third quarter, we reduced environmental reserves and estimated
future potential costs by $8.4 million. The sizable environmental
benefit was primarily related to a court settlement between certain
third parties, which are not affiliated with Clean Harbors,
relating to a potential Superfund site.� �The Teris acquisition
supported our top-line results in the quarter with an $8 million
contribution,� McKim said. �However, the initial integration
process of Teris negatively impacted EBITDA both directly and
indirectly. We estimate the impact of the acquisition lowered
third-quarter EBITDA by approximately $2 million. Upon the closing
of the acquisition we made the decision to shut down the Teris
incineration facility to install some equipment upgrades and
perform a full internal inspection of the two incinerators. We also
incurred a considerable amount of operational expenses related to
the acquisition including additional legal fees, consulting fees
and travel expenses for our integration teams. Despite these
one-time acquisition-related costs, we exited the third quarter
with Teris� operations performing well and remain confident that
the acquisition will be accretive by year-end.� Non-GAAP
Third-Quarter Results Clean Harbors reports EBITDA results, which
are non-GAAP financial measures, as a complement to results
provided in accordance with accounting principles generally
accepted in the United States (GAAP) and believes that such
information provides additional useful information to investors
since the Company�s loan covenants are based upon levels of EBITDA
achieved. The Company defines EBITDA in accordance with its
existing credit agreement, as described in the following
reconciliation showing the differences between reported net income
and EBITDA for the third quarter and first nine months of 2006 and
2005 (in thousands): For the three months ended: For the nine
months ended: September 30,2006 � September 30,2005 � September
30,2006 � September 30,2005 Net income $ 21,005� $ 5,457� $ 35,182�
$ 17,669� Accretion of environmental liabilities 2,580� 2,633�
7,633� 7,883� Depreciation and amortization 11,063� 7,163� 26,296�
21,517� Loss on early extinguishment of debt -� -� 8,290� -�
Interest expense, net 3,254� 5,884� 9,303� 17,791� Provision for
(benefit from) income taxes (2,585) 887� 1,579� 1,900� Other
(income) expense 111� 83� 273� (427) Equity interest in joint
venture � (11) � � -� � � (11) � � -� EBITDA $ 35,417� � $ 22,107�
� $ 88,545� � $ 66,333� Business Outlook and Financial Guidance
McKim concluded, �Fiscal year 2006 is shaping up to be the
strongest in Clean Harbors� history. The Teris acquisition has
opened up additional revenue streams for the Company and will
further strengthen our market position in the drum and smaller
container market. We believe that we can achieve cost efficiencies
and gains in productivity at Teris� operations in the quarters
ahead. Within Technical Services, we will continue to leverage our
unique network of waste collection and disposal facilities to serve
our customers and pursue a broad array of opportunities,
particularly large scale projects. For Site Services, we will
continue to expand our geographic footprint by opening new offices
to service our customers.� Based on the Teris operating results to
date and current market conditions, the Company expects revenues
for the fourth quarter of 2006 to be in the range of $210 million
to $215 million, and EBITDA to be in the range of $29 million to
$31 million. Conference Call Information Clean Harbors will conduct
a conference call for investors to discuss the information
contained in this press release today, Wednesday, November 8 at
9:00 a.m. (ET). Investors who want to hear a webcast of the call
should log onto www.cleanharbors.com and select �Investor
Relations.� In addition, if you are unable to listen to the live
webcast, the call will be archived on the investor section of the
website. Those who wish to listen to the third-quarter conference
call webcast should visit the Investor Relations section of the
Company�s website at www.cleanharbors.com. The live call also can
be accessed by dialing 800.406.5345 or 913.981.5571 (confirmation
code: 7831354) prior to the start of the call. If you are unable to
listen to the live call, the webcast will be archived on the
Company�s website. About Clean Harbors, Inc. Clean Harbors, Inc. is
North America�s leading provider of environmental and hazardous
waste management services. With an unmatched infrastructure of 49
waste management facilities, including nine landfills, six
incineration locations and six wastewater treatment centers, the
Company provides essential services to more than 45,000 customers,
comprising more than 175 Fortune 500 companies, thousands of
smaller private entities and numerous federal, state and local
governmental agencies. Headquartered in Norwell, Massachusetts,
Clean Harbors has more than 100 locations strategically positioned
throughout North America in 37 U.S. states, six Canadian provinces,
Mexico and Puerto Rico. For more information, visit
www.cleanharbors.com. Safe Harbor Statement Any statements
contained herein that are not historical facts are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and involve risks and uncertainties. These
forward-looking statements are generally identifiable by use of the
words �believes,� �expects,� �intends,� �anticipates,� �plans to,�
�estimates,� �projects,� or similar expressions. These
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those reflected in these forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which reflect management�s opinions only as of the date
hereof. The Company undertakes no obligation to revise or publicly
release the results of any revision to these forward-looking
statements other than through its various filings with the
Securities and Exchange Commission. Furthermore, all financial
information in this press release is based on preliminary data and
is subject to the final closing of the Company�s books and records.
A variety of factors beyond the control of the Company may affect
the Company�s performance, including, but not limited to: The
Company�s ability to successfully integrate Teris� operations and
assets into its existing network of services and disposal
facilities; The Company�s ability to manage the significant
environmental liabilities which it assumed in connection with the
CSD and Teris acquisitions; The availability and costs of liability
insurance and financial assurance required by governmental entities
relating to our facilities; The effects of general economic
conditions in the United States, Canada and other territories and
countries where the Company does business; The effect of economic
forces and competition in specific marketplaces where the Company
competes; The possible impact of new regulations or laws pertaining
to all activities of the Company�s operations; The outcome of
litigation or threatened litigation or regulatory actions; The
effect of commodity pricing on overall revenues and profitability;
Possible fluctuations in quarterly or annual results or adverse
impacts on the Company�s results caused by the adoption of new
accounting standards or interpretations or regulatory rules and
regulations; The effect of weather conditions or other aspects of
the forces of nature on field or facility operations; The effects
of industry trends in the environmental services and waste handling
marketplace; and The effects of conditions in the financial
services industry on the availability of capital and financing. Any
of the above factors and numerous others not listed nor foreseen
may adversely impact the Company�s financial performance.
Additional information on the potential factors that could affect
the Company�s actual results of operations is included in its
filings with the Securities and Exchange Commission, which may be
viewed on the Investor portal of the Company�s Web Page at
www.cleanharbors.com. CLEAN HARBORS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS Unaudited (in thousands
except per share amounts) � For the three months ended: For the
nine months ended: September 30, September 30, September 30,
September 30, 2006� 2005� 2006� 2005� Revenues $213,903� $178,580�
$597,960� $517,456� Cost of revenues 151,606� 129,009� 418,928�
373,990� Selling, general and administrative expenses 26,880�
27,464� 90,487� 77,133� Accretion of environmental liabilities
2,580� 2,633� 7,633� 7,883� Depreciation and amortization 11,063�
7,163� 26,296� 21,517� Income from operations 21,774� 12,311�
54,616� 36,933� Other income (expense) (111) (83) (273) 427� Loss
on early extinguishment of debt -� -� (8,290) -� Interest
(expense), net (3,254) (5,884) (9,303) (17,791) Income before
provision for income taxes and equity interest in joint venture
18,409� 6,344� 36,750� 19,569� Provision for (benefit from) income
taxes (2,585) 887� 1,579� 1,900� Equity interest in joint venture
(11) -� (11) -� Net income 21,005� 5,457� 35,182� 17,669�
Redemption of Series C Preferred Stock, dividends on Series B and C
Preferred Stocks and accretion on Series C Preferred Stock 69� 70�
207� 210� Net income attributable to common stockholders $20,936�
$5,387� $34,975� $17,459� � Earnings per share: Basic income
attributable to common stockholders $1.07� $0.35� $1.79� $1.16�
Diluted income attributable to common stockholders $1.02� $0.31�
$1.70� $1.02� � Weighted average common shares outstanding 19,587�
15,416� 19,488� 15,081� Weighted average common shares outstanding
plus potentially dilutive common shares 20,607� 17,644� 20,641�
17,357� CLEAN HARBORS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE
SHEETS ASSETS (in thousands) � (Unaudited) September 30, December
31, � 2006� � 2005� Current assets: Cash and cash equivalents $
72,890� $ 132,449� Restricted cash -� 3,469� Marketable securities
10,299� -� Accounts receivable, net 169,515� 147,659� Unbilled
accounts receivable 16,828� 7,049� Deferred costs 6,248� 4,937�
Prepaid expenses 9,208� 6,411� Supplies inventories 19,001� 12,723�
Deferred tax assets 5,777� 219� Income tax receivable 673� 1,462�
Properties held for sale � 8,131� � 7,670� Total current assets �
318,570� � 324,048� � Property, plant and equipment, net � 244,111�
� 178,524� � Other assets: Deferred financing costs 7,602� 9,508�
Goodwill 19,032� 19,032� Permits and other intangibles, net 66,465�
77,803� Investment in joint venture 2,103� -� Deferred tax assets
15,880� 1,715� Other � 3,403� � 3,734� � 114,485� � 111,792� Total
assets $ 677,166� $ 614,364� CLEAN HARBORS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS LIABILITIES AND STOCKHOLDERS� EQUITY
(in thousands) � (Unaudited) September 30, December 31, � 2006� �
2005� Current liabilities: Uncashed checks $ 4,797� $ 7,982�
Current portion of long-term debt 5,982� 52,500� Current portion of
capital lease obligations 1,602� 1,893� Accounts payable 95,456�
71,372� Accrued disposal costs 3,260� 3,109� Deferred revenue
29,415� 21,784� Other accrued expenses 51,008� 49,779� Current
portion of closure, post-closure and remedial liabilities 15,965�
10,817� Income taxes payable � 5,070� � 4,458� Total current
liabilities � 212,555� � 223,694� Other liabilities: Closure and
post-closure liabilities, less current portion 20,846� 20,728�
Remedial liabilities, less current portion 137,151� 139,144�
Long-term obligations, less current maturities 120,491� 95,790�
Capital lease obligations, less current portion 2,924� 4,108� Other
long-term liabilities 15,944� 14,417� Accrued pension cost � 748� �
825� Total other liabilities 298,104� 275,012� Total stockholders�
equity, net � 166,507� � 115,658� Total liabilities and
stockholders� equity $ 677,166� $ 614,364� Clean Harbors, Inc.
("Clean Harbors") (NASDAQ: CLHB), the leading provider of
environmental and hazardous waste management services throughout
North America, today announced record financial results for the
third quarter ended September 30, 2006. For the third quarter of
2006, Clean Harbors reported a 20 percent increase in revenue to
$213.9 million, from $178.6 million reported in the third quarter
of 2005. The Teris acquisition, which was completed in mid-August
2006, contributed approximately $8 million of the $35 million
increase. Income from operations increased 77 percent to $21.8
million from $12.3 million in the third quarter of 2005.
Third-quarter 2006 income from operations includes an $8.4 million
pre-tax net benefit related to changes in estimated environmental
liabilities, a $2.5 million pre-tax depreciation expense related to
the impairment of Clean Harbors' Plaquemine, Louisiana facility
that was recently closed, and approximately $2 million of costs
associated with the Teris acquisition. Net income attributable to
common stockholders was $21.0 million, or $1.02 per diluted share,
for the third quarter of 2006. This compares with $5.5 million, or
$0.31 per diluted share, in the same period of 2005. Third-quarter
net income attributable to common stockholders reflects the
previously mentioned items as well as a $7.4 million tax benefit
associated with the release of the valuation allowance on certain
net deferred tax assets. For the third quarter of 2006, EBITDA,
which includes the net change in estimated environmental
liabilities and the costs associated with Teris, increased 60
percent to $35.4 million from $22.1 million for the quarter ended
September 30, 2005. See below for a description of EBITDA and a
reconciliation to GAAP results. Comments on the Third Quarter
"Clean Harbors delivered another record breaking quarter," stated
Alan S. McKim, Chairman and Chief Executive Officer. "Continued
growth across all our business lines enabled us to surpass the $200
million revenue mark, exclusive of the Teris contribution." "Our
Technical Services business sustained the momentum it has
maintained throughout 2006 as we continue to win large scale
projects that drive substantial volumes to our disposal
facilities," McKim said. "Despite scheduled maintenance at several
locations, incineration volumes were very strong in the quarter as
we achieved utilization of 91%. Landfill volumes were marginally
higher than last year as an increase at our U.S. landfills was
offset by a moderate decrease at one of our Canadian landfills."
"Growth within Site Services helped fuel our performance in the
quarter as our reputation for responsiveness and superior service
continues to resonate with customers," McKim said. "During the
third quarter, we secured nearly $8 million from a variety of small
scale emergency response projects, including ongoing clean-up work
in the Gulf Coast region. We also continued our steady geographic
expansion with the opening of another Site Services branch during
the quarter." "We continued to successfully manage our
environmental liabilities, and have once again reduced our total
environmental liabilities and cash outlay," McKim said. "During the
third quarter, we reduced environmental reserves and estimated
future potential costs by $8.4 million. The sizable environmental
benefit was primarily related to a court settlement between certain
third parties, which are not affiliated with Clean Harbors,
relating to a potential Superfund site." "The Teris acquisition
supported our top-line results in the quarter with an $8 million
contribution," McKim said. "However, the initial integration
process of Teris negatively impacted EBITDA both directly and
indirectly. We estimate the impact of the acquisition lowered
third-quarter EBITDA by approximately $2 million. Upon the closing
of the acquisition we made the decision to shut down the Teris
incineration facility to install some equipment upgrades and
perform a full internal inspection of the two incinerators. We also
incurred a considerable amount of operational expenses related to
the acquisition including additional legal fees, consulting fees
and travel expenses for our integration teams. Despite these
one-time acquisition-related costs, we exited the third quarter
with Teris' operations performing well and remain confident that
the acquisition will be accretive by year-end." Non-GAAP
Third-Quarter Results Clean Harbors reports EBITDA results, which
are non-GAAP financial measures, as a complement to results
provided in accordance with accounting principles generally
accepted in the United States (GAAP) and believes that such
information provides additional useful information to investors
since the Company's loan covenants are based upon levels of EBITDA
achieved. The Company defines EBITDA in accordance with its
existing credit agreement, as described in the following
reconciliation showing the differences between reported net income
and EBITDA for the third quarter and first nine months of 2006 and
2005 (in thousands): -0- *T For the three months For the nine
months ended: ended: September September September September 30,
30, 30, 30, 2006 2005 2006 2005
---------------------------------------- Net income $ 21,005 $
5,457 $ 35,182 $ 17,669 Accretion of environmental liabilities
2,580 2,633 7,633 7,883 Depreciation and amortization 11,063 7,163
26,296 21,517 Loss on early extinguishment of debt - - 8,290 -
Interest expense, net 3,254 5,884 9,303 17,791 Provision for
(benefit from) income taxes (2,585) 887 1,579 1,900 Other (income)
expense 111 83 273 (427) Equity interest in joint venture (11) -
(11) - ---------------------------------------- EBITDA $ 35,417 $
22,107 $ 88,545 $ 66,333 ========================================
*T Business Outlook and Financial Guidance McKim concluded, "Fiscal
year 2006 is shaping up to be the strongest in Clean Harbors'
history. The Teris acquisition has opened up additional revenue
streams for the Company and will further strengthen our market
position in the drum and smaller container market. We believe that
we can achieve cost efficiencies and gains in productivity at
Teris' operations in the quarters ahead. Within Technical Services,
we will continue to leverage our unique network of waste collection
and disposal facilities to serve our customers and pursue a broad
array of opportunities, particularly large scale projects. For Site
Services, we will continue to expand our geographic footprint by
opening new offices to service our customers." Based on the Teris
operating results to date and current market conditions, the
Company expects revenues for the fourth quarter of 2006 to be in
the range of $210 million to $215 million, and EBITDA to be in the
range of $29 million to $31 million. Conference Call Information
Clean Harbors will conduct a conference call for investors to
discuss the information contained in this press release today,
Wednesday, November 8 at 9:00 a.m. (ET). Investors who want to hear
a webcast of the call should log onto www.cleanharbors.com and
select "Investor Relations." In addition, if you are unable to
listen to the live webcast, the call will be archived on the
investor section of the website. Those who wish to listen to the
third-quarter conference call webcast should visit the Investor
Relations section of the Company's website at www.cleanharbors.com.
The live call also can be accessed by dialing 800.406.5345 or
913.981.5571 (confirmation code: 7831354) prior to the start of the
call. If you are unable to listen to the live call, the webcast
will be archived on the Company's website. About Clean Harbors,
Inc. Clean Harbors, Inc. is North America's leading provider of
environmental and hazardous waste management services. With an
unmatched infrastructure of 49 waste management facilities,
including nine landfills, six incineration locations and six
wastewater treatment centers, the Company provides essential
services to more than 45,000 customers, comprising more than 175
Fortune 500 companies, thousands of smaller private entities and
numerous federal, state and local governmental agencies.
Headquartered in Norwell, Massachusetts, Clean Harbors has more
than 100 locations strategically positioned throughout North
America in 37 U.S. states, six Canadian provinces, Mexico and
Puerto Rico. For more information, visit www.cleanharbors.com. Safe
Harbor Statement Any statements contained herein that are not
historical facts are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, and
involve risks and uncertainties. These forward-looking statements
are generally identifiable by use of the words "believes,"
"expects," "intends," "anticipates," "plans to," "estimates,"
"projects," or similar expressions. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
reflected in these forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which reflect management's opinions only as of the date
hereof. The Company undertakes no obligation to revise or publicly
release the results of any revision to these forward-looking
statements other than through its various filings with the
Securities and Exchange Commission. Furthermore, all financial
information in this press release is based on preliminary data and
is subject to the final closing of the Company's books and records.
A variety of factors beyond the control of the Company may affect
the Company's performance, including, but not limited to: -- The
Company's ability to successfully integrate Teris' operations and
assets into its existing network of services and disposal
facilities; -- The Company's ability to manage the significant
environmental liabilities which it assumed in connection with the
CSD and Teris acquisitions; -- The availability and costs of
liability insurance and financial assurance required by
governmental entities relating to our facilities; -- The effects of
general economic conditions in the United States, Canada and other
territories and countries where the Company does business; -- The
effect of economic forces and competition in specific marketplaces
where the Company competes; -- The possible impact of new
regulations or laws pertaining to all activities of the Company's
operations; -- The outcome of litigation or threatened litigation
or regulatory actions; -- The effect of commodity pricing on
overall revenues and profitability; -- Possible fluctuations in
quarterly or annual results or adverse impacts on the Company's
results caused by the adoption of new accounting standards or
interpretations or regulatory rules and regulations; -- The effect
of weather conditions or other aspects of the forces of nature on
field or facility operations; -- The effects of industry trends in
the environmental services and waste handling marketplace; and --
The effects of conditions in the financial services industry on the
availability of capital and financing. Any of the above factors and
numerous others not listed nor foreseen may adversely impact the
Company's financial performance. Additional information on the
potential factors that could affect the Company's actual results of
operations is included in its filings with the Securities and
Exchange Commission, which may be viewed on the Investor portal of
the Company's Web Page at www.cleanharbors.com. -0- *T CLEAN
HARBORS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF
OPERATIONS Unaudited (in thousands except per share amounts) For
the three months For the nine months ended: ended: September
September September September 30, 30, 30, 30, 2006 2005 2006 2005
---------- --------- --------- --------- Revenues $213,903 $178,580
$597,960 $517,456 Cost of revenues 151,606 129,009 418,928 373,990
Selling, general and administrative expenses 26,880 27,464 90,487
77,133 Accretion of environmental liabilities 2,580 2,633 7,633
7,883 Depreciation and amortization 11,063 7,163 26,296 21,517
---------- --------- --------- --------- Income from operations
21,774 12,311 54,616 36,933 Other income (expense) (111) (83) (273)
427 Loss on early extinguishment of debt - - (8,290) - Interest
(expense), net (3,254) (5,884) (9,303) (17,791) ----------
--------- --------- --------- Income before provision for income
taxes and equity interest in joint venture 18,409 6,344 36,750
19,569 Provision for (benefit from) income taxes (2,585) 887 1,579
1,900 Equity interest in joint venture (11) - (11) - ----------
--------- --------- --------- Net income 21,005 5,457 35,182 17,669
Redemption of Series C Preferred Stock, dividends on Series B and C
Preferred Stocks and accretion on Series C Preferred Stock 69 70
207 210 ---------- --------- --------- --------- Net income
attributable to common stockholders $20,936 $5,387 $34,975 $17,459
========== ========= ========= ========= Earnings per share: Basic
income attributable to common stockholders $1.07 $0.35 $1.79 $1.16
========== ========= ========= ========= Diluted income
attributable to common stockholders $1.02 $0.31 $1.70 $1.02
========== ========= ========= ========= Weighted average common
shares outstanding 19,587 15,416 19,488 15,081 ========== =========
========= ========= Weighted average common shares outstanding plus
potentially dilutive common shares 20,607 17,644 20,641 17,357
========== ========= ========= ========= *T -0- *T CLEAN HARBORS,
INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS (in
thousands) (Unaudited) September 30, December 31, 2006 2005
------------- ------------ Current assets: Cash and cash
equivalents $ 72,890 $ 132,449 Restricted cash - 3,469 Marketable
securities 10,299 - Accounts receivable, net 169,515 147,659
Unbilled accounts receivable 16,828 7,049 Deferred costs 6,248
4,937 Prepaid expenses 9,208 6,411 Supplies inventories 19,001
12,723 Deferred tax assets 5,777 219 Income tax receivable 673
1,462 Properties held for sale 8,131 7,670 -------------
------------ Total current assets 318,570 324,048 -------------
------------ Property, plant and equipment, net 244,111 178,524
------------- ------------ Other assets: Deferred financing costs
7,602 9,508 Goodwill 19,032 19,032 Permits and other intangibles,
net 66,465 77,803 Investment in joint venture 2,103 - Deferred tax
assets 15,880 1,715 Other 3,403 3,734 ------------- ------------
114,485 111,792 ------------- ------------ Total assets $ 677,166 $
614,364 ============= ============ *T -0- *T CLEAN HARBORS, INC.
AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS LIABILITIES AND
STOCKHOLDERS' EQUITY (in thousands) (Unaudited) September 30,
December 31, 2006 2005 ------------- ------------ Current
liabilities: Uncashed checks $ 4,797 $ 7,982 Current portion of
long-term debt 5,982 52,500 Current portion of capital lease
obligations 1,602 1,893 Accounts payable 95,456 71,372 Accrued
disposal costs 3,260 3,109 Deferred revenue 29,415 21,784 Other
accrued expenses 51,008 49,779 Current portion of closure, post-
closure and remedial liabilities 15,965 10,817 Income taxes payable
5,070 4,458 ------------- ------------ Total current liabilities
212,555 223,694 ------------- ------------ Other liabilities:
Closure and post-closure liabilities, less current portion 20,846
20,728 Remedial liabilities, less current portion 137,151 139,144
Long-term obligations, less current maturities 120,491 95,790
Capital lease obligations, less current portion 2,924 4,108 Other
long-term liabilities 15,944 14,417 Accrued pension cost 748 825
------------- ------------ Total other liabilities 298,104 275,012
Total stockholders' equity, net 166,507 115,658 -------------
------------ Total liabilities and stockholders' equity $ 677,166 $
614,364 ============= ============ *T
Clean Harbors (MM) (NASDAQ:CLHB)
Historical Stock Chart
From May 2024 to Jun 2024
Clean Harbors (MM) (NASDAQ:CLHB)
Historical Stock Chart
From Jun 2023 to Jun 2024