Heritage-Crystal Clean, Inc. (HCCI) Financial Statements (2025 and earlier)

Company Profile

Business Address 2000 CENTER DRIVE
HOFFMAN ESTATES, IL 60192
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 495 - Sanitary Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,05356,26967,57560,69443,57941,889
Cash and cash equivalent22,05356,26967,57560,69443,57941,889
Receivables114,40862,51348,47955,58651,74445,491
Inventory, net of allowances, customer advances and progress billings40,72729,53624,97829,37333,05921,639
Inventory40,72729,53624,97829,37333,05921,639
Other current assets12,9896,7738,0057,1046,8355,895
Other undisclosed current assets 1,1251,1252,446   
Total current assets:191,302156,216151,483152,757135,217114,914
Noncurrent Assets
Operating lease, right-of-use asset81,02864,77178,94289,525✕✕
Property, plant and equipment222,942166,301153,016154,911139,987128,119
Long-term investments and receivables 15,219     
Long-term investments 15,219     
Intangible assets, net (including goodwill)214,57195,64455,11749,88948,80448,312
Goodwill112,23649,69535,54132,99734,12331,580
Intangible assets, net (excluding goodwill)102,33545,94919,57616,89214,68116,732
Other noncurrent assets  692    
Other undisclosed noncurrent assets69,17943,24023,11124,23223,81423,312
Total noncurrent assets:602,939370,648310,186318,557212,605199,743
TOTAL ASSETS:794,241526,864461,669471,314347,822314,657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,56753,63346,90251,36744,77437,741
Taxes payable✕✕8,47410,5926,5386,1205,787
Employee-related liabilities✕✕8,9806,6476,7716,0246,386
Accounts payable55,08736,17929,66338,05832,63025,568
Accrued liabilities18,480     
Deferred revenue2,525   ✕✕
Debt 6,8914,6421,9832,252166 
Other liabilities12,3829,4764,91816,4185,0892,690
Other undisclosed current liabilities20,38617,59819,19820,407  
Total current liabilities:115,75185,34973,00190,44450,02940,431
Noncurrent Liabilities
Long-term debt and lease obligation126,60465,04189,95098,08229,04628,744
Long-term debt, excluding current maturities89,383 29,65629,34829,04628,744
Finance lease, liability 37,22117,643  ✕✕
Liabilities, other than long-term debt120,82634,41821,21817,157  
Deferred income tax liabilities57,15531,12621,21817,157✕✕
Other liabilities986473    
Operating lease, liability 62,68547,39860,29468,734✕✕
Business combination, contingent consideration, liability  2,819    
Other undisclosed noncurrent liabilities832   14,5169,556
Total noncurrent liabilities:248,26299,459111,168115,23943,56238,300
Total liabilities:364,013184,808184,169205,68393,59178,731
Equity
Equity, attributable to parent430,228342,056277,500264,997253,583235,228
Common stock236235233232231229
Additional paid in capital208,533204,920201,148200,583197,533193,640
Accumulated other comprehensive loss(367)(166)    
Retained earnings221,826137,06776,11964,18255,81941,359
Equity, attributable to noncontrolling interest    634648698
Total equity:430,228342,056277,500265,631254,231235,926
TOTAL LIABILITIES AND EQUITY:794,241526,864461,669471,314347,822314,657

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues709,331515,334405,951444,427410,183365,957
Revenue, net✕✕✕✕✕✕365,957
Cost of revenue(425,652)(295,809)(274,557)(299,379)(275,451)(228,701)
Gross profit:283,679219,525131,394145,048134,732137,256
Operating expenses(70,781)(56,987)(47,091)(50,224)(47,714)(47,401)
Other operating income (expense), net12,0119885,365(13,490)(1,606)10,940
Other undisclosed operating loss(106,508)(80,529)(71,654)(68,473)(63,871)(65,368)
Operating income:118,40182,99718,01412,86121,54135,427
Interest and debt expense(1,133)(551)(300)(300)(300)(400)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (952)(569)(752)(694)
Income from continuing operations before equity method investments, income taxes:117,26882,44616,76211,99220,48934,333
Other undisclosed loss from continuing operations before income taxes(2,099)(382)    
Income from continuing operations before income taxes:115,16982,06416,76211,99220,48934,333
Income tax expense(30,410)(21,116)(4,825)(3,243)(5,451)(5,923)
Income from continuing operations:84,75960,94811,9378,74915,03828,410
Income before gain (loss) on sale of properties:✕60,94811,9378,74915,03828,410
Net income:84,75960,94811,9378,74915,03828,410
Net loss attributable to noncontrolling interest    (386)(310)(287)
Net income available to common stockholders, diluted:84,75960,94811,9378,36314,72828,123

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:84,75960,94811,9378,74915,03828,410
Other comprehensive loss (201)(166)    
Other undisclosed comprehensive income      
Comprehensive income:84,55860,78211,9378,74915,03828,410
Comprehensive loss, net of tax, attributable to noncontrolling interest    (386)(310)(287)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:84,55860,78211,9378,36314,72828,123

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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