CLEAN HARBORS, INC CLH Cash Flow

Clean harbors, inc (CLH)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
108,336	97,740	90,020	84,740	79,243	65,636	133,399	114,368	109,501	100,739	3,832	-18,481	-40,395	-39,873	-26,592	23,891	30,320	44,102	70,911	-62,654	-44,377	-28,328	-28,904	99,794	94,024	95,566	130,639	107,637	108,161	129,674	106,033	130,807	136,537	127,252	112,348	114,042	142,815	130,515	0	0	0
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
299,903	300,725	301,267	300,593	299,136	298,625	292,176	292,083	290,854	288,422	288,279	288,650	290,512	287,002	284,660	280,360	274,740	274,194	275,792	276,781	275,083	276,083	273,025	272,406	273,799	264,449	241,756	213,626	184,821	161,646	152,457	145,761	134,034	122,663	111,802	100,090	95,259	92,473	0	0	0
Pre-tax, non-cash acquisition accounting inventory adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,559	13,559	13,559	13,559	0	0	0	0	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
10,533	2,408	8,203	6,195	10,089	15,817	9,135	11,710	8,269	7,901	6,339	7,259	7,770	6,907	5,365	3,485	3,661	4,793	7,805	8,848	9,035	8,917	9,395	8,920	8,196	7,933	5,685	4,426	2,833	1,213	945	762	757	759	1,503	612	729	1,043	0	0	0
Amortization of deferred financing costs and debt discount
3,700	3,809	3,913	3,965	3,930	3,846	3,761	3,703	3,569	3,482	3,414	3,425	3,494	3,537	3,506	3,413	3,333	3,280	3,291	3,352	3,284	3,289	3,219	3,185	3,279	3,301	3,159	2,732	2,272	1,793	1,515	1,427	1,325	1,572	1,930	2,344	2,803	2,921	0	0	0
Accretion of environmental liabilities
10,123	10,136	10,102	10,062	9,950	9,806	9,735	9,632	9,600	9,460	9,701	9,830	9,962	10,177	10,136	10,237	10,288	10,402	10,432	10,497	10,507	10,612	10,888	11,160	11,430	11,541	11,136	10,710	10,336	9,917	9,858	9,805	9,707	9,680	9,739	9,799	9,994	10,307	0	0	0
Changes in environmental liability estimates
3,912	-332	1,863	2,072	1,935	2,147	-184	-739	-859	-195	-4,217	-4,068	-4,057	-4,254	-9,494	-12,547	-11,825	-11,345	-2,576	-1,051	-2,161	-3,367	-4,256	-4,718	-4,445	-3,682	-7,322	-5,756	-7,870	-8,458	-3,926	-5,162	-3,226	-2,840	-5,404	-5,208	-7,816	-8,328	0	0	0
Deferred income taxes
-	-	-	-	-	19,089	-83,458	-83,535	-83,536	-83,335	44,194	21,895	15,373	15,184	-7,902	-3,683	2,840	1,930	4,820	31,413	31,417	32,320	39,353	31,126	31,087	31,119	34,929	34,665	34,464	34,163	37,539	36,507	37,081	37,836	4,182	5,350	5,632	4,919	0	0	0
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	151	336	766	878	649	727	299	1,409	2,359	2,760	3,070	2,556	3,189	2,857	2,960	3,352	2,479	2,586	2,705	1,751	0	0	0
Net tax benefit on stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,165	646	613	316	82	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense (income), net
-2,451	2,897	-2,069	-2,638	-1,228	-4,510	-3,754	-3,190	-4,869	-6,119	4,118	4,352	4,486	5,685	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,204	3,048	2,887	2,054	1,894	2,795	0	0	0
Income tax benefit related to stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Stock-based compensation
15,298	17,816	20,730	19,796	19,524	16,792	14,660	14,613	13,952	13,146	11,958	10,914	10,659	10,481	9,735	7,143	8,793	8,550	8,904	10,606	8,372	8,800	9,003	9,362	9,337	8,946	8,648	7,802	7,240	7,494	8,070	8,900	8,561	8,164	7,328	6,992	8,172	7,219	0	0	0
Loss on sale of businesses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Expense from Stock Options Exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Other expense (income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Environmental expenditures
18,872	18,701	15,681	11,664	10,954	10,115	10,125	11,448	12,452	12,965	12,874	11,818	11,590	12,170	12,731	15,052	18,044	20,130	24,888	24,334	21,663	20,245	15,618	17,066	18,311	19,416	19,286	17,197	14,760	11,191	10,601	9,542	10,701	11,319	10,083	11,083	10,414	10,236	0	0	0
Changes in assets and liabilities, net of acquisitions:
Accounts receivable and unbilled accounts receivable
70,317	33,271	34,722	30,083	52,708	79,563	71,891	65,374	72,834	33,764	20,187	47,156	26,547	15,009	-85,549	-189,295	-64,045	-55,271	41,856	137,831	-23,792	14,342	1,921	42,972	36,556	54,213	87,331	14,350	-43,326	-60,550	-27,341	29,156	66,371	65,210	18,367	-29,946	39,594	49,411	0	0	0
Inventories and supplies
22,061	15,869	18,406	12,462	22,165	26,958	20,561	17,320	7,951	5,002	7,333	21,274	15,874	16,080	14,371	4,748	10,954	-14,059	-14,044	-5,911	-2,501	21,339	23,529	11,828	16,426	1,144	3,469	10,203	-2,155	12,871	0	0	0	-	-	-	-	-	-	-	-
Other current and non-current assets
-6,031	14,421	12,848	18,832	16,761	7,946	2,108	-2,982	-15,074	-16,720	-4,650	-10,671	11,151	8,036	-35,673	-44,787	-50,224	-48,760	-9,724	11,125	2,934	19,030	16,674	-7,109	1,242	-20,857	-17,818	9,013	-11,424	-3,157	-1,870	2,616	29,904	25,065	3,078	-8,195	-1,339	7,421	0	0	0
Accounts payable
29,940	7,153	27,909	2,395	9,245	46,915	18,442	15,607	12,639	-10,684	1,363	2,208	19,083	-3,503	-75,301	-133,335	-55,117	-16,299	48,377	103,034	-26,029	-52,026	-53,492	24,122	29,855	37,117	62,156	-10,592	-5,880	5,930	-57,326	8,004	-5,542	-8,116	20,966	-42,882	36,358	38,553	0	0	0
Other current and long-term liabilities
21,633	45,447	2,058	2,644	-2,227	12,121	11,327	6,129	12,628	8,495	842	16,777	17,260	13,850	-41,799	-72,221	-35,158	-54,403	-5,756	8,226	-11,905	-2,950	11,672	5,619	2,176	1,621	-38,587	-45,413	-62,978	-64,785	1,180	-2,318	-1,672	-1,096	-5,330	-11,981	8,213	18,774	0	0	0
Net cash from operating activities
417,133	413,192	410,670	382,010	351,047	373,210	311,444	298,437	280,482	285,698	302,266	256,504	277,454	259,624	265,617	322,619	350,895	396,383	410,920	376,237	377,547	297,366	331,764	393,171	380,846	415,839	371,787	286,203	334,401	324,365	260,887	279,676	194,228	179,531	221,514	202,420	247,171	224,108	0	0	0
Cash flows used in investing activities:
Additions to property, plant and equipment
240,144	216,324	217,155	217,577	208,049	193,344	189,993	172,404	168,787	167,007	171,772	184,597	186,065	219,384	242,545	256,580	280,028	257,196	248,735	243,572	235,557	257,613	271,443	276,927	282,963	280,207	274,712	255,892	241,985	197,397	165,195	166,024	142,059	148,513	155,353	146,420	134,013	116,450	0	0	0
Proceeds from sale and disposal of fixed assets
9,484	11,655	18,282	20,193	18,968	15,445	7,860	11,886	8,952	7,124	30,174	16,028	18,514	20,817	-1,527	6,217	6,708	6,195	5,991	7,824	8,048	8,164	6,912	5,491	4,654	4,699	7,635	6,433	8,621	8,125	5,059	5,789	6,206	6,794	6,015	5,350	16,238	16,053	0	0	0
Acquisitions, net of cash acquired
14,493	29,363	29,479	56,752	45,893	151,023	155,818	163,700	157,281	49,227	44,258	157,203	183,868	206,915	221,824	73,724	129,338	94,345	0	0	0	-	-	-	-	63,264	1,340,904	1,330,882	1,365,367	1,373,921	92,475	174,077	343,559	336,960	0	0	0	-	-	-	-
Proceeds from sale of businesses, net of transactional costs
0	-	-	-	0	-	-	-	-	45,426	46,339	93,525	49,152	47,134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to intangible assets including costs to obtain or renew permits
3,220	3,904	4,084	4,505	4,575	4,688	3,769	2,484	2,111	1,617	2,259	3,097	3,070	2,831	2,583	3,181	4,637	5,296	5,709	6,716	6,615	6,519	7,826	7,462	7,090	6,740	5,994	5,262	4,346	4,046	2,980	2,814	3,030	2,927	3,298	3,078	3,940	4,204	0	0	0
Proceeds from sale of available-for-sale securities
54,782	51,202	50,212	44,027	34,059	28,723	20,123	11,214	3,397	376	376	376	243	0	0	0	0	-	-	-	-	13,861	12,947	12,947	12,870	0	0	0	0	-	-	-	-	425	0	0	0	-	-	-	-
Purchases of available-for-sale securities
54,953	35,836	55,062	58,772	54,710	44,772	58,813	48,343	41,345	38,342	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,517	10,517	10,517	4,468	0	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Net cash used in investing activities
-235,974	-217,856	-237,286	-273,386	-260,200	-349,659	-381,323	-369,038	-315,827	-203,267	-149,364	-230,726	-303,632	-361,777	-413,979	-327,866	-407,295	-350,642	-338,100	-331,197	-249,320	-258,294	-268,441	-335,365	-335,596	-345,512	-1,613,986	-1,585,603	-1,609,126	-1,572,636	-260,988	-341,486	-480,753	-480,181	-499,188	-362,228	-144,565	-125,687	0	0	0
Cash flows from (used in) financing activities:
Change in uncashed checks
-711	-3,705	92	-579	-794	132	-759	-382	-2,226	-5,940	-4,750	-516	-5,516	-3,177	168	-3,492	420	-14,630	-6,222	-10,253	-5,220	15,069	1,923	-24,926	-14,130	12,268	11,639	37,782	27,925	-12,070	-1,553	-13,420	1,462	9,822	836	16,080	-3,279	-1,266	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	46	443	489	673	627	0	0	0	-	-	-	-	-	-	-	-	400	456	589	655	288	492	665	1,341	1,350	1,401	1,327	820	862	0	0	0
Tax payments related to withholdings on vested restricted stock
7,377	7,429	6,205	6,071	4,994	3,266	3,394	3,192	2,676	3,149	2,640	3,072	2,415	2,819	2,632	2,201	2,430	2,159	2,152	2,415	3,197	2,793	2,800	2,777	1,440	731	1,907	1,865	2,953	2,912	0	0	0	-	-	-	-	-	-	-	-
Repurchases of common stock
32,407	21,390	27,889	29,870	37,140	45,080	58,087	63,196	56,439	48,971	30,784	24,311	23,986	22,188	20,061	51,278	62,966	73,347	125,167	121,887	118,495	104,341	48,329	14,657	1,225	0	0	0	0	-	-	-	-	4,061	2,098	2,093	2,168	399	0	0	0
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	151	336	766	878	649	727	299	1,409	2,359	2,760	3,070	2,556	3,189	2,857	2,960	3,352	2,479	2,586	2,705	1,751	0	0	0
Deferred financing costs paid
-	-	-	-	-	-	-	-	-	5,718	7,163	6,144	1,949	4,031	2,614	2,614	2,190	0	0	0	0	-	-	-	-	2,504	11,864	21,481	21,374	19,056	9,659	385	2,835	8,463	8,742	8,399	5,928	353	0	0	0
Payments on finance lease
800	586	327	259	115	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt
852,535	852,535	852,536	407,536	406,652	405,768	404,884	107,798	403,000	402,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,364	6,462	8,398	8,020	7,425	6,896	6,457	6,504	6,196	5,692	5,090	4,055	3,516	3,131	2,818	2,574	2,449	0	0	0
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	511	940	1,403	1,882	2,122	2,477	3,493	4,183	4,891	5,392	5,354	5,779	6,599	7,365	8,354	8,313	7,837	7,540	6,690	6,346	5,126	0	0	0
Distribution of cash earned on employee participation plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	55	38	38	189	189	189	189	148	0	0	0
Proceeds from issuance of debt, net of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	250,625	250,625	250,625	250,625	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	261,250	0	0	0	-	-	-	-
Borrowing from revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs related to issuances of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	250	250	250	0	0	0	0	-	-	-	-	-	-	-	-
Net cash from (used in) financing activities
88,390	-53,425	-104,715	-100,862	-106,710	-110,997	-74,003	-177,390	-76,979	-72,760	-51,745	65,775	-31,995	220,235	225,695	191,155	183,809	-90,179	-133,933	-135,225	-130,805	-93,945	-49,629	-41,785	-12,842	13,126	971,457	1,268,141	1,257,301	1,217,868	266,973	-17,055	-3,645	258,740	250,528	236,690	219,439	-32,230	0	0	0
Effect of exchange rate change on cash
-4,715	3,573	-1,933	-375	-3,118	-5,446	-2,279	-1,307	1,310	2,731	2,644	1,890	194	4,207	1,333	-6,606	-5,803	-17,733	-17,717	-14,838	-12,690	-8,321	-4,308	-855	-5,505	-3,216	-4,237	-2,021	-1,999	-484	-417	-1,953	-66	423	3,389	5,394	3,114	2,473	0	0	0
Increase (decrease) in cash and cash equivalents
264,834	145,484	66,736	7,387	-18,981	-92,892	-146,161	-249,298	-111,014	12,402	103,801	93,443	-57,979	122,289	78,666	179,302	121,606	-62,171	-78,830	-105,023	-15,268	-63,194	9,386	15,166	26,903	80,237	-274,979	-33,280	-19,423	-30,887	266,455	-80,818	-290,236	-41,487	-23,757	82,276	325,159	68,664	0	0	0
Supplemental information:
Cash payments for interest and income taxes:
Interest paid
82,788	60,852	83,299	87,795	83,207	89,171	83,936	83,487	86,133	93,174	89,958	94,826	88,578	88,669	81,574	80,790	74,067	73,926	75,575	75,749	75,639	75,408	75,989	75,856	75,338	75,627	58,725	56,846	42,731	41,817	42,208	41,462	41,223	31,201	30,924	24,964	25,590	26,985	0	0	0
Income taxes paid
27,039	27,035	27,762	18,615	19,004	20,036	20,432	19,393	15,162	18,682	16,380	18,790	28,926	29,255	47,890	73,774	62,608	52,970	52,561	30,786	32,843	42,022	5,189	-1,133	-6,435	-8,162	15,987	16,235	15,791	13,179	19,218	26,490	41,501	48,725	51,287	71,624	59,538	56,015	0	0	0
Finance Lease, Principal Payments
800	586	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activities:
Accrual for repurchased shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment accrued
30,135	30,964	16,698	16,719	10,748	15,657	15,434	12,937	14,750	16,109	5,542	1,240	13,537	9,214	21,309	22,065	24,792	32,677	29,136	36,428	19,680	23,563	17,386	16,498	38,207	33,214	37,614	41,553	31,744	29,788	30,372	20,981	20,877	18,682	23,357	27,692	23,091	7,844	0	0	0
ROU assets obtained in exchange for operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROU assets obtained in exchange for finance lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of inventory to property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,369	11,369	11,369	11,369	0	0	0	0	-	-	-	-	-	-	-	-
Payable for estimated purchase price adjustment
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	1,250	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-