CLEAN HARBORS, INC CLH Cash Flow

Clean harbors, inc (CLH)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
97,740	65,636	100,739	-39,873	44,102	-28,328	95,566	129,674	127,252	130,515	36,686	57,486
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
300,725	298,625	288,422	287,002	274,194	276,083	264,449	161,646	122,663	92,473	64,898	44,471
Goodwill impairment charge
-	-	-	34,013	31,992	123,414	0	0	-	-	-	-
Pre-tax, non-cash acquisition accounting inventory adjustments
-	-	-	-	-	-	13,559	0	0	-	-	-
Allowance for doubtful accounts
2,408	15,817	7,901	6,907	4,793	8,917	7,933	1,213	759	1,043	1,006	267
Amortization of deferred financing costs and debt discount
3,809	3,846	3,482	3,537	3,280	3,289	3,301	1,793	1,572	2,921	1,997	1,915
Accretion of environmental liabilities
10,136	9,806	9,460	10,177	10,402	10,612	11,541	9,917	9,680	10,307	10,617	10,776
Changes in environmental liability estimates
-332	2,147	-195	-4,254	-11,345	-3,367	-3,682	-8,458	-2,840	-8,328	-4,657	-2,047
Deferred income taxes
8,005	19,089	-83,335	15,184	1,930	32,320	31,119	34,163	37,836	4,919	4,830	3,197
Excess tax benefit of stock-based compensation
-	-	-	1,198	71	878	1,409	2,556	3,352	1,751	481	3,504
Net tax benefit on stock-based awards
-	-	-	-1,165	82	-816	-1,399	-2,546	-3,347	-	-	-
Other expense (income), net
2,897	-4,510	-6,119	5,685	-1,380	4,380	1,705	-802	3,048	2,795	259	-119
Income tax benefit related to stock option exercises
-	-	-	-	-	-	-	-	-	-	474	3,534
Stock-based compensation
17,816	16,792	13,146	10,481	8,550	8,800	8,946	7,494	8,164	7,219	968	3,565
Loss on sale of businesses
687	0	30,732	16,884	0	0	-	-	-	2,678	0	-
Loss on early extinguishment of debt
-6,131	-2,488	-7,891	0	0	-	-	-	-	-	-	-
Deferred Tax Expense from Stock Options Exercised
-	-	-	-	-	-	-	-	-	1,739	-	-
Write-off of deferred financing costs and debt (premium) discount
-	-	-	-	-	-	-	5,341	0	1,394	1,851	1,921
Environmental expenditures
18,701	10,115	12,965	12,170	20,130	20,245	19,416	11,191	11,319	10,236	8,617	14,268
Changes in assets and liabilities, net of acquisitions:
Accounts receivable and unbilled accounts receivable
33,271	79,563	33,764	15,009	-55,271	14,342	54,213	-60,550	65,210	49,411	11,429	-17,221
Inventories and supplies
15,869	26,958	5,002	16,080	-14,059	21,339	1,144	12,871	11,696	3,129	-	-
Other current and non-current assets
14,421	7,946	-16,720	8,036	-48,760	19,030	-20,857	-3,157	25,065	7,421	-1,093	-5,529
Accounts payable
7,153	46,915	-10,684	-3,503	-16,299	-52,026	37,117	5,930	-8,116	38,553	5,050	-17,763
Other current and long-term liabilities
45,447	12,121	8,495	13,850	-54,403	-2,950	1,621	-64,785	-1,096	18,774	-10,757	-2,829
Net cash from operating activities
413,192	373,210	285,698	259,624	396,383	297,366	415,839	324,365	179,531	224,108	93,270	109,590
Cash flows used in investing activities:
Additions to property, plant and equipment
216,324	193,344	167,007	219,384	257,196	257,613	280,207	197,397	148,513	116,450	62,244	57,462
Proceeds from sale and disposal of fixed assets
11,655	15,445	7,124	20,817	6,195	8,164	4,699	8,125	6,794	16,053	452	537
Acquisitions, net of cash acquired
29,363	151,023	49,227	206,915	94,345	16,187	63,264	1,373,921	336,960	14,646	54,476	27,628
Purchase of investment securities
-	-	-	-	-	-	-	-	-	10,506	0	-
Proceeds from sale of businesses, net of transactional costs
4,714	0	45,426	47,134	0	0	-	-	-	-	-	-
Additions to intangible assets including costs to obtain or renew permits
3,904	4,688	1,617	2,831	5,296	6,519	6,740	4,046	2,927	4,204	2,228	2,129
Proceeds from sale of available-for-sale securities
51,202	28,723	376	0	-	13,861	0	0	425	3,557	105	4,350
Purchases of available-for-sale securities
35,836	44,772	38,342	598	0	0	-	10,517	0	2,127	0	2,529
Proceeds from sale of long-term investments
-	-	-	-	0	-	-	-	1,000	1,300	0	-
Other
-	-	-	-	-	-	0	-5,120	0	0	-	-
Other
-	-	-	-	-	-	-	-	-	1,336	0	346
Net cash used in investing activities
-217,856	-349,659	-203,267	-361,777	-350,642	-258,294	-345,512	-1,572,636	-480,181	-125,687	-118,391	-84,515
Cash flows from (used in) financing activities:
Change in uncashed checks
-3,705	132	-5,940	-3,177	-14,630	15,069	12,268	-12,070	9,822	-1,266	4,034	2,513
Proceeds from exercise of stock options
0	0	46	627	397	0	400	288	1,350	862	430	2,082
Tax payments related to withholdings on vested restricted stock
7,429	3,266	3,149	2,819	2,159	2,793	731	2,912	-	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	2,789
Repurchases of common stock
21,390	45,080	48,971	22,188	73,347	104,341	0	0	4,061	399	415	483
Excess tax benefit of stock-based compensation
-	-	-	1,198	71	878	1,409	2,556	3,352	1,751	481	3,504
Deferred financing costs paid
10,079	4,027	5,718	4,031	0	0	2,504	19,056	8,463	353	10,473	-
Payments on finance lease
586	0	0	-	-	-	-	-	-	-	-	-
Principal payments on debt
852,535	405,768	402,000	0	0	5,000	0	520,000	0	30,000	230,745	-
Proceeds from employee stock purchase plan
-	-	-	-	-	4,364	7,425	6,196	3,516	2,449	2,315	1,820
Payments on capital leases
-	-	-	-	511	2,122	4,891	6,599	7,837	5,126	1,118	485
Premiums paid on early extinguishment of debt
2,701	1,238	6,028	0	0	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	369,520	0	0	0	173,541
Principal payment on debt and acquired capital leases
-	-	-	-	-	-	-	-	-	-	53,032	68,486
Distribution of cash earned on employee participation plan
-	-	-	-	-	-	-	55	189	148	0	-
Issuance of senior unsecured notes, at par
-	-	-	-	-	-	-	1,400,000	0	0	-	-
Issuance of senior secured notes, net of discount
-	-	-	0	0	-	-	-	-	-	-	-
Proceeds from issuance of debt, net of discount
845,000	348,250	399,000	250,625	0	0	-	-	261,250	0	292,107	-
Borrowing from revolving credit facility
0	50,000	0	0	-	-	-	-	-	-	-	-
Payment on revolving credit facility
0	50,000	0	0	-	-	-	-	-	-	-	-
Issuance costs related to issuances of common stock
-	-	-	-	-	-	250	0	0	-	-	-
Net cash from (used in) financing activities
-53,425	-110,997	-72,760	220,235	-90,179	-93,945	13,126	1,217,868	258,740	-32,230	3,584	116,795
Effect of exchange rate change on cash
3,573	-5,446	2,731	4,207	-17,733	-8,321	-3,216	-484	423	2,473	5,559	-11,884
Increase (decrease) in cash and cash equivalents
145,484	-92,892	12,402	122,289	-62,171	-63,194	80,237	-30,887	-41,487	68,664	-15,978	129,986
Supplemental information:
Cash payments for interest and income taxes:
Interest paid
60,852	89,171	93,174	88,669	73,926	75,408	75,627	41,817	31,201	26,985	7,833	13,661
Income taxes paid
27,035	20,036	18,682	29,255	52,970	42,022	-8,162	13,179	48,725	56,015	14,608	36,520
Finance Lease, Principal Payments
586	0	0	-	-	-	-	-	-	-	-	-
Non-cash investing activities:
Property, plant and equipment accrued
30,964	15,657	16,109	9,214	32,677	23,563	33,214	29,788	18,682	7,844	908	6,150
Transfer of inventory to property, plant and equipment
0	0	12,641	0	0	1,324	11,369	0	0	-	-	-
Payable for estimated purchase price adjustment
0	4,032	0	1,910	1,000	0	0	-	-	-	-	-
Accrued business combination adjustments
-	-	-	-	-	355	0	-750	-	-	-	-
Accrued working capital adjustments
-	-	-	-	-	-	-	-	3,694	0	0	-
Assets acquired through capital lease
-	-	-	-	-	-	-	154	1,807	10,130	0	-
Issuance of acquisition-related common stock, net
-	-	-	-	-	-	-	-	-	1,015	-	-