Heritage-Crystal Clean, Inc. (HCCI) financial statements (2022 and earlier)

Company profile

Business Address 2175 POINT BOULEVARD
ELGIN, IL 60123
State of Incorp. DE
Fiscal Year End December 31
SIC 495 - Sanitary Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,26967,57560,69443,57941,88936,61023,608
Cash and cash equivalents56,26967,57560,69443,57941,88936,61023,608
Receivables62,51348,47955,58651,74445,49147,53341,592
Inventory, net of allowances, customer advances and progress billings29,53624,97829,37333,05921,63918,55824,774
Inventory29,53624,97829,37333,05921,63918,55824,774
Other current assets6,7738,0057,1046,8355,8956,0946,227
Other undisclosed current assets1,1252,446     
Total current assets:156,216151,483152,757135,217114,914108,79596,201
Noncurrent Assets
Operating lease, right-of-use asset64,77178,94289,525
Property, plant and equipment166,301153,016154,911139,987128,119131,175131,365
Intangible assets, net (including goodwill)95,64455,11749,88948,80448,31251,30452,527
Goodwill49,69535,54132,99734,12331,58031,48330,325
Intangible assets, net (excluding goodwill)45,94919,57616,89214,68116,73219,82122,202
Other noncurrent assets692      
Other undisclosed noncurrent assets43,24023,11124,23223,81423,31223,03323,172
Total noncurrent assets:370,648310,186318,557212,605199,743205,512207,064
TOTAL ASSETS:526,864461,669471,314347,822314,657314,307303,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities53,63346,90251,36744,77437,74144,02536,194
Accounts payable36,17929,66338,05832,63025,56830,98425,129
Employee-related liabilities8,9806,6476,7716,0246,3866,3124,330
Taxes payable8,47410,5926,5386,1205,7876,7296,735
Debt4,6421,9832,252166 6,9366,700
Other liabilities9,4764,91816,4185,0892,6903,2453,617
Other undisclosed current liabilities17,59819,19820,407    
Total current liabilities:85,34973,00190,44450,02940,43154,20646,511
Noncurrent Liabilities
Long-term debt and lease obligation65,04189,95098,08229,04628,74456,51864,195
Long-term debt, excluding current maturities 29,65629,34829,04628,74456,51864,195
Finance lease, liability17,643  
Operating lease, liability47,39860,29468,734
Liabilities, other than long-term debt34,41821,21817,157   2,726
Deferred tax liabilities, net   2,726
Deferred income tax liabilities31,12621,21817,157
Other liabilities473      
Business combination, contingent consideration, liability2,819      
Other undisclosed noncurrent liabilities   14,5169,5565,314 
Total noncurrent liabilities:99,459111,168115,23943,56238,30061,83266,921
Total liabilities:184,808184,169205,68393,59178,731116,038113,432
Stockholders' equity
Stockholders' equity attributable to parent342,056277,500264,997253,583235,228197,549189,165
Common stock235233232231229223222
Additional paid in capital204,920201,148200,583197,533193,640185,099182,558
Accumulated other comprehensive loss(166)      
Retained earnings137,06776,11964,18255,81941,35912,2276,385
Stockholders' equity attributable to noncontrolling interest  634648698720668
Total stockholders' equity:342,056277,500265,631254,231235,926198,269189,833
TOTAL LIABILITIES AND EQUITY:526,864461,669471,314347,822314,657314,307303,265

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues515,334405,951444,427410,183365,957347,627350,018
Revenue, net365,957347,627350,018
Cost of revenue(295,809)(274,557)(299,379)(275,451)(228,701)(217,680)(231,487)
Gross profit:219,525131,394145,048134,732137,256129,947118,531
Operating expenses(56,987)(47,091)(50,224)(47,714)(47,401)(49,823)(49,221)
Other operating income (expense), net9885,365(13,490)(1,606)10,940(1,416)1,297
Other undisclosed operating loss(80,529)(71,654)(68,473)(63,871)(65,368)(67,814)(66,418)
Operating income:82,99718,01412,86121,54135,42710,8944,189
Interest and debt expense(551)(300)(300)(300)(400)  
Other undisclosed loss from continuing operations before equity method investments, income taxes (952)(569)(752)(694)(2,069)(1,880)
Income from continuing operations before equity method investments, income taxes:82,44616,76211,99220,48934,3338,8252,309
Other undisclosed loss from continuing operations before income taxes(382)      
Income from continuing operations before income taxes:82,06416,76211,99220,48934,3338,8252,309
Income tax expense(21,116)(4,825)(3,243)(5,451)(5,923)(2,811)(899)
Net income:60,94811,9378,74915,03828,4106,0141,410
Net loss attributable to noncontrolling interest  (386)(310)(287)(172)(160)
Net income available to common stockholders, diluted:60,94811,9378,36314,72828,1235,8421,250

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:60,94811,9378,74915,03828,4106,0141,410
Other comprehensive loss(166)      
Comprehensive income:60,78211,9378,74915,03828,4106,0141,410
Comprehensive loss, net of tax, attributable to noncontrolling interest  (386)(310)(287)(172)(160)
Comprehensive income, net of tax, attributable to parent:60,78211,9378,36314,72828,1235,8421,250

Statements sources

The financial statements are based on the company's filings with the 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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