EXHIBIT 99.1
Full Year 2020 by Quarter and Full Year 2019 Unaudited Segment Information
The following table sets forth certain financial information associated with our results of operations (unaudited, in thousands):
Summary of Operations
For the Three Months Ended For the Twelve Months Ended
March 31,
2020 		June 30,
2020 		September 30,
2020 		December 31,
2020 		December 31,
2020 		December 31,
2019
Direct Revenues(1):
Environmental Services $ 705,192 $ 612,594 $ 650,560 $ 667,555 $ 2,635,901 $ 2,795,994
Safety-Kleen Sustainability Solutions 153,281 97,350 128,712 128,563 507,906 615,060
Corporate Items 90 56 72 72 290 1,136
Total 858,563 710,000 779,344 796,190 3,144,097 3,412,190
Cost of Revenues(2):
Environmental Services 491,121 385,113 416,539 446,342 1,739,115 1,934,556
Safety-Kleen Sustainability Solutions 113,828 76,318 87,924 96,802 374,872 430,746
Corporate Items 1,717 9,250 7,166 5,631 23,764 22,517
Total 606,666 470,681 511,629 548,775 2,137,751 2,387,819
Selling, General and Administrative Expenses:
Environmental Services 68,213 51,240 54,019 57,396 230,868 261,025
Safety-Kleen Sustainability Solutions 15,249 12,601 11,175 10,795 49,820 56,065
Corporate Items 45,845 39,998 41,350 43,163 170,356 166,964
Total 129,307 103,839 106,544 111,354 451,044 484,054
Adjusted EBITDA
Environmental Services 145,858 176,241 180,002 163,817 665,918 600,413
Safety-Kleen Sustainability Solutions 24,204 8,431 29,613 20,966 83,214 128,249
Corporate Items (44,181) (46,406) (41,782) (42,959) (175,328) (170,529)
Total $ 125,881 $ 138,266 $ 167,833 $ 141,824 $ 573,804 $ 558,133
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(1) Direct revenue is revenue allocated to the segment performing the provided service.
(2) Cost of revenue is shown exclusive of items presented separately on the consolidated statements of operations, which consist of (i) accretion of environmental liabilities and (ii) depreciation and amortization.
The following is a reconciliation of net income to Adjusted EBITDA (unaudited, in thousands):
For the Three Months Ended For the Twelve Months Ended
March 31,
2020 		June 30,
2020 		September 30,
2020 		December 31,
2020 		December 31,
2020 		December 31,
2019
Net income $ 11,572 $ 29,023 $ 54,910 $ 39,332 $ 134,837 $ 97,740
Accretion of environmental liabilities 2,561 2,766 2,822 2,902 11,051 10,136
Stock-based compensation 3,291 2,786 6,662 5,763 18,502 17,816
Depreciation and amortization 74,533 72,494 74,470 71,418 292,915 300,725
Other expense (income), net 2,365 500 (2,268) (307) 290 (2,897)
Loss on early extinguishment of debt - - - - - 6,131
Loss (gain) on sale of businesses 3,074 184 118 - 3,376 (687)
Interest expense, net of interest income 18,787 18,654 17,407 18,272 73,120 78,670
Provision for income taxes 9,698 11,859 13,712 4,444 39,713 50,499
Adjusted EBITDA $ 125,881 $ 138,266 $ 167,833 $ 141,824 $ 573,804 $ 558,133


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Clean Harbors Inc. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 12:32:08 UTC.