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Clean Harbors CLH Oil Refiningand Recycling — Goodwill

Discontinued — last reported Q4 '15

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Other financials

Income statement

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Revenue$1.5B+1.9%
Gross profit$445.4M+8.6%
Operating income$118.9M+6.6%
Net income$63.2M+7.7%
EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$548.0M+12.0%
Total debt$3.0B+0.2%
Total equity$2.8B+7.9%
Total assets$7.6B+4.2%

Cash flow

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Operating cash flow$6.3M+292%
CapEx$98.4M-17.1%
Free cash flow-$92.1M+21.3%

Valuation

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Market cap$15.25B+42.9%
Enterprise value$17.75B+34.2%
P/E38.6×+11.3×
P/S2.5×+0.7×

Profitability

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Gross margin31.7%+1.0pp
Operating margin11.2%+0.2pp
Net margin6.5%-0.1pp
FCF margin7.7%+1.9pp

Returns & leverage

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Return on equity14.8%-1.2pp
Debt / equity1.1×-0.1×
Current ratio2.3×0.0×

Where this comes from

Reported directly by Clean Harbors in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Clean Harbors’s 10-K, filed February 25, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does oil refiningand recycling — goodwill mean?
The excess purchase price paid for acquisitions within the oil refining and recycling segment.
How do you interpret oil refiningand recycling — goodwill?
High levels suggest significant historical M&A activity; a sudden decrease often signals impairment due to underperformance.
How does oil refiningand recycling — goodwill compare across companies?
Standard across companies that grow through acquisitions in the environmental services sector.