QuickLinks -- Click here to rapidly navigate through this document
Ratio of Earnings to Fixed Charges
CLEAN HARBORS, INC.
Offer to Exchange 111/4% Senior Secured Notes due 2012
Registered under the Securities Act of 1933 for
All Outstanding Unregistered 111/4% Senior Secured Notes due 2012
Pursuant to the Prospectus dated , 2005
| | For the Six Months Ended June 30, | For the Year Ended December 31, | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | (Restated) 2003 | (Restated) 2002 | (Restated) 2001 | (Restated) 2000 | |||||||||||||||||
| | 2005 | 2004 | 2004 | |||||||||||||||||||
| | (Dollars in thousands) | |||||||||||||||||||||
| Income (loss) from operations before income taxes | $ | 13,225 | $ | (5,784 | ) | $ | 8,643 | $ | (12,212 | ) | $ | (24,660 | ) | $ | 7,689 | $ | 5,601 | |||||
Add (Subtract): | ||||||||||||||||||||||
| Capitalized interest | — | (1,289 | ) | (1,922 | ) | — | — | — | — | |||||||||||||
| Amortization of capitalized interest | — | — | 24 | — | — | — | — | |||||||||||||||
| Fixed charges (see calculation below) | 13,330 | 15,026 | 31,985 | 29,496 | 16,326 | 12,494 | 11,258 | |||||||||||||||
| Income (loss) from operations before income taxes as adjusted | $ | 26,555 | $ | 7,953 | $ | 38,730 | $ | 17,284 | $ | (8,334 | ) | $ | 20,183 | $ | 16,859 | |||||||
Fixed charges: | ||||||||||||||||||||||
| Interest expense, net | $ | 11,907 | $ | 10,801 | $ | 22,297 | $ | 23,724 | $ | 13,414 | $ | 10,724 | $ | 9,795 | ||||||||
| Interest income | 480 | 498 | 692 | 1,003 | 478 | 21 | 10 | |||||||||||||||
| Capitalized interest | — | 1,289 | 1,922 | — | — | — | — | |||||||||||||||
| Amortization of capitalized interest | — | — | (24 | ) | — | — | — | — | ||||||||||||||
| Portion of rents representative of an interest factor | 791 | 686 | 1,414 | 1,706 | 1,143 | 1,096 | 1,005 | |||||||||||||||
| Preferred stock dividend | 152 | 1,752 | 5,684 | 3,063 | 1,291 | 653 | 448 | |||||||||||||||
| Fixed Charges | $ | 13,330 | $ | 15,026 | $ | 31,985 | $ | 29,496 | $ | 16,326 | $ | 12,494 | $ | 11,258 | ||||||||
| Ratio of earnings to fixed charges(1). | 2.0 | x | — | 1.2 | x | — | — | 1.6 | x | 1.5 | x | |||||||||||
- (1)
- During the years ended December 31, 2003 and 2002 and the six months ended June 30, 2004, earnings were not sufficient to cover fixed charges and the deficiency for such periods was $12.212 million, $24.660 million, and $5.784 million, respectively.