Exhibit 99.1
US ECOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
December 31, 2014 | ||||||||
September 30, 2015 | As Adjusted | |||||||
Assets | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 9,350 | $ | 22,971 | ||||
Receivables, net | 104,283 | 135,261 | ||||||
Prepaid expenses and other current assets | 10,241 | 11,984 | ||||||
Income tax receivable | 332 | 6,912 | ||||||
Deferred income taxes | 2,599 | 2,109 | ||||||
Assets held for sale | 78,775 | – | ||||||
Total current assets | 205,580 | 179,237 | ||||||
Property and equipment, net | 204,387 | 227,684 | ||||||
Restricted cash and investments | 5,773 | 5,729 | ||||||
Intangible assets, net | 243,187 | 278,667 | ||||||
Goodwill | 194,825 | 217,609 | ||||||
Other assets | 9,624 | 11,308 | ||||||
Deferred income taxes | – | 85 | ||||||
Total assets | $ | 863,376 | $ | 920,319 | ||||
Liabilities and Stockholders’ Equity | ||||||||
Current Liabilities: | ||||||||
Accounts payable | $ | 16,745 | $ | 24,513 | ||||
Deferred revenue | 7,212 | 13,190 | ||||||
Accrued liabilities | 28,119 | 36,251 | ||||||
Accrued salaries and benefits | 10,624 | 13,322 | ||||||
Income tax payable | 1,730 | 4,124 | ||||||
Current portion of closure and post-closure obligations | 4,402 | 5,359 | ||||||
Current portion of long-term debt | 3,505 | 3,828 | ||||||
Liabilities associated with assets held for sale | 20,240 | – | ||||||
Total current liabilities | 92,577 | 100,587 | ||||||
Long-term closure and post-closure obligations | 67,061 | 67,511 | ||||||
Long-term debt | 356,410 | 390,825 | ||||||
Other long-term liabilities | 7,351 | 4,336 | ||||||
Deferred income taxes | 87,771 | 105,723 | ||||||
Total liabilities | 611,170 | 668,982 | ||||||
Contingencies and commitments | ||||||||
Stockholders’ Equity | ||||||||
Common stock | 217 | 216 | ||||||
Additional paid-in capital | 168,978 | 165,524 | ||||||
Retained earnings | 99,509 | 93,301 | ||||||
Treasury stock | (60 | ) | (18 | ) | ||||
Accumulated other comprehensive loss | (16,438 | ) | (7,686 | ) | ||||
Total stockholders’ equity | 252,206 | 251,337 | ||||||
Total liabilities and stockholders’ equity | $ | 863,376 | $ | 920,319 |