10-Q Filing

KIRBY CORP CIK: 56047 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001140361-16-063494`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	kex-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 54 Comprehensive Income 14

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.49M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	59.78M	shares	Point-in-time
Trade - less allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$290.93M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	59.78M	shares	Point-in-time
Trade - less allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$264.70M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	5.97M	shares	Point-in-time
Other	`OtherReceivables`	$88.38M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.06M	shares	Point-in-time
Other	`OtherReceivables`	$102.44M	USD	Point-in-time
Inventories - net	`InventoryNet`	$184.51M	USD	Point-in-time
Inventories - net	`InventoryNet`	$186.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$45.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$45.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$11.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$11.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$640.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$598.01M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$4.11B	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$4.06B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.28B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.32B	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.78B	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$586.72M	USD	Point-in-time
Goodwill	`Goodwill`	$586.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$140.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.81M	USD	Point-in-time
Total assets	`Assets`	$4.11B	USD	Point-in-time
Total assets	`Assets`	$4.15B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.56M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$184.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$164.03M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$41.30M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$34.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$327.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$361.92M	USD	Point-in-time
Long-term debt - less current portion	`LongTermDebtNoncurrent`	$774.85M	USD	Point-in-time
Long-term debt - less current portion	`LongTermDebtNoncurrent`	$712.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$669.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$684.39M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$66.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$68.19M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.51B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.46B	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.10 par value per share. Authorized 120,000,000 shares, issued 59,776,000 shares	`CommonStockValue`	$5.98M	USD	Point-in-time
Common stock, $.10 par value per share. Authorized 120,000,000 shares, issued 59,776,000 shares	`CommonStockValue`	$5.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$428.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$434.78M	USD	Point-in-time
Accumulated other comprehensive income - net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.69M	USD	Point-in-time
Accumulated other comprehensive income - net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.24B	USD	Point-in-time
Treasury stock - at cost, 5,972,000 shares at March 31, 2016 and 6,056,000 at December 31, 2015	`TreasuryStockValue`	$328.09M	USD	Point-in-time
Treasury stock - at cost, 5,972,000 shares at March 31, 2016 and 6,056,000 at December 31, 2015	`TreasuryStockValue`	$323.31M	USD	Point-in-time
Total Kirby stockholders' equity	`StockholdersEquity`	$2.31B	USD	Point-in-time
Total Kirby stockholders' equity	`StockholdersEquity`	$2.27B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$10.38M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$10.26M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.32B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.28B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.15B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.11B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Marine transportation	`CargoAndFreightRevenue`	$378.34M	USD	1 Quarter
Marine transportation	`CargoAndFreightRevenue`	$419.90M	USD	1 Quarter
Diesel engine services	`RevenueRepairAndSaleOfDieselEngineAndRelatedParts`	$167.77M	USD	1 Quarter
Diesel engine services	`RevenueRepairAndSaleOfDieselEngineAndRelatedParts`	$80.39M	USD	1 Quarter
Total revenues	`Revenues`	$458.73M	USD	1 Quarter
Total revenues	`Revenues`	$587.67M	USD	1 Quarter
Costs of sales and operating expenses	`CostsOfSalesAndOperatingExpenses`	$288.91M	USD	1 Quarter
Costs of sales and operating expenses	`CostsOfSalesAndOperatingExpenses`	$384.78M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$50.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$51.04M	USD	1 Quarter
Taxes, other than on income	`TaxesExcludingIncomeAndExciseTaxes`	$4.54M	USD	1 Quarter
Taxes, other than on income	`TaxesExcludingIncomeAndExciseTaxes`	$5.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.62M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$67.00K	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$1.55M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$484.58M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$393.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$103.09M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$60.00K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$135.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.19M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.34M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.90M	USD	1 Quarter
Provision for taxes on income	`IncomeTaxExpenseBenefit`	$36.49M	USD	1 Quarter
Provision for taxes on income	`IncomeTaxExpenseBenefit`	$22.86M	USD	1 Quarter
Net earnings	`ProfitLoss`	$61.41M	USD	1 Quarter
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$385.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$333.00K	USD	1 Quarter
Net earnings attributable to Kirby	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Net earnings attributable to Kirby	`NetIncomeLoss`	$61.08M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$61.41M	USD	1 Quarter
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.62M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.71M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.18M	USD	1 Quarter
Amortization of unearned share-based compensation	`ShareBasedCompensation`	$2.54M	USD	1 Quarter
Amortization of unearned share-based compensation	`ShareBasedCompensation`	$2.58M	USD	1 Quarter
Amortization of major maintenance costs	`AmortizationOfMajorMaintenanceCosts`	$4.93M	USD	1 Quarter
Amortization of major maintenance costs	`AmortizationOfMajorMaintenanceCosts`	$4.61M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$635.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$342.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.12M	USD	1 Quarter
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$18.77M	USD	1 Quarter
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-2.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$102.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$111.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$96.53M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$50.52M	USD	1 Quarter
Acquisition of marine equipment	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of marine equipment	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$41.25M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$297.00K	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$10.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-127.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-50.23M	USD	1 Quarter
Borrowings (payments) on bank credit facilities, net	`RepaymentsOfLinesOfCredit`	$-102.20M	USD	1 Quarter
Borrowings (payments) on bank credit facilities, net	`RepaymentsOfLinesOfCredit`	$62.89M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$375.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.83M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$98.01M	USD	1 Quarter
Excess tax benefit from equity compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.01M	USD	1 Quarter
Excess tax benefit from equity compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-409.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-711.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-65.42M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.17M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.17M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.81M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.30M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.49M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$8.74M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.19M	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$140.00K	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$-412.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$987.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$61.41M	USD	1 Quarter
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Pension and postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.11M	USD	1 Quarter
Pension and postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-649.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-97.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Total other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$1.01M	USD	1 Quarter
Total other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$649.00K	USD	1 Quarter
Total comprehensive income, net of taxes	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.42M	USD	1 Quarter
Total comprehensive income, net of taxes	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$39.13M	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$385.00K	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$333.00K	USD	1 Quarter
Comprehensive income attributable to Kirby	`ComprehensiveIncomeNetOfTax`	$38.75M	USD	1 Quarter
Comprehensive income attributable to Kirby	`ComprehensiveIncomeNetOfTax`	$62.09M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.