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CLH Clean Harbors

Filed: 5 May 21, 8:30am

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 EndedFor 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 Solutions153,281 97,350 128,712 128,563 507,906 615,060 
Corporate Items90 56 72 72 290 1,136 
Total858,563 710,000 779,344 796,190 3,144,097 3,412,190 
Cost of Revenues(2):
Environmental Services491,121 385,113 416,539 446,342 1,739,115 1,934,556 
Safety-Kleen Sustainability Solutions113,828 76,318 87,924 96,802 374,872 430,746 
Corporate Items1,717 9,250 7,166 5,631 23,764 22,517 
Total606,666 470,681 511,629 548,775 2,137,751 2,387,819 
Selling, General and Administrative Expenses:
Environmental Services68,213 51,240 54,019 57,396 230,868 261,025 
Safety-Kleen Sustainability Solutions15,249 12,601 11,175 10,795 49,820 56,065 
Corporate Items45,845 39,998 41,350 43,163 170,356 166,964 
Total129,307 103,839 106,544 111,354 451,044 484,054 
Adjusted EBITDA
Environmental Services145,858 176,241 180,002 163,817 665,918 600,413 
Safety-Kleen Sustainability Solutions24,204 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 
___________________________________
(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 EndedFor 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 liabilities2,561 2,766 2,822 2,902 11,051 10,136 
Stock-based compensation3,291 2,786 6,662 5,763 18,502 17,816 
Depreciation and amortization74,533 72,494 74,470 71,418 292,915 300,725 
Other expense (income), net2,365 500 (2,268)(307)290 (2,897)
Loss on early extinguishment of debt— — — — — 6,131 
Loss (gain) on sale of businesses3,074 184 118 — 3,376 (687)
Interest expense, net of interest income18,787 18,654 17,407 18,272 73,120 78,670 
Provision for income taxes9,698 11,859 13,712 4,444 39,713 50,499 
Adjusted EBITDA$125,881 $138,266 $167,833 $141,824 $573,804 $558,133