10-Q Filing

KIRBY CORP CIK: 56047 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001140361-17-018691`
Period End Date	20170331
Filing Date	20170508
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	kex-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 52 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	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`	$5.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	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`	$297.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	59.78M	shares	Point-in-time
Trade - less allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$303.72M	USD	Point-in-time
Other	`OtherReceivables`	$95.33M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	5.81M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	5.92M	shares	Point-in-time
Other	`OtherReceivables`	$85.68M	USD	Point-in-time
Inventories - net	`InventoryNet`	$185.40M	USD	Point-in-time
Inventories - net	`InventoryNet`	$173.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$49.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$43.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$632.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$609.59M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$4.36B	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$4.33B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.41B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.44B	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.92B	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.92B	USD	Point-in-time
Goodwill	`Goodwill`	$598.13M	USD	Point-in-time
Goodwill	`Goodwill`	$598.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$133.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$137.44M	USD	Point-in-time
Total assets	`Assets`	$4.26B	USD	Point-in-time
Total assets	`Assets`	$4.29B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.39M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$184.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$154.14M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$28.52M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$36.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$358.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$333.54M	USD	Point-in-time
Long-term debt - less current portion	`LongTermDebtNoncurrent`	$674.55M	USD	Point-in-time
Long-term debt - less current portion	`LongTermDebtNoncurrent`	$722.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$722.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$705.45M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$90.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$92.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.52B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.49B	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`	$428.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$432.46M	USD	Point-in-time
Accumulated other comprehensive income - net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-51.01M	USD	Point-in-time
Accumulated other comprehensive income - net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.36B	USD	Point-in-time
Treasury stock - at cost, 5,808,000 shares at March 31, 2017 and 5,921,000 at December 31, 2016	`TreasuryStockValue`	$320.35M	USD	Point-in-time
Treasury stock - at cost, 5,808,000 shares at March 31, 2017 and 5,921,000 at December 31, 2016	`TreasuryStockValue`	$314.83M	USD	Point-in-time
Total Kirby stockholders' equity	`StockholdersEquity`	$2.41B	USD	Point-in-time
Total Kirby stockholders' equity	`StockholdersEquity`	$2.43B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.55M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.43B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.29B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Marine transportation	`CargoAndFreightRevenue`	$343.65M	USD	1 Quarter
Marine transportation	`CargoAndFreightRevenue`	$378.34M	USD	1 Quarter
Diesel engine services	`RevenueRepairAndSaleOfDieselEngineAndRelatedParts`	$80.39M	USD	1 Quarter
Diesel engine services	`RevenueRepairAndSaleOfDieselEngineAndRelatedParts`	$148.05M	USD	1 Quarter
Total revenues	`Revenues`	$458.73M	USD	1 Quarter
Total revenues	`Revenues`	$491.70M	USD	1 Quarter
Costs of sales and operating expenses	`CostsOfSalesAndOperatingExpenses`	$345.30M	USD	1 Quarter
Costs of sales and operating expenses	`CostsOfSalesAndOperatingExpenses`	$288.91M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$50.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$46.12M	USD	1 Quarter
Taxes, other than on income	`TaxesExcludingIncomeAndExciseTaxes`	$5.40M	USD	1 Quarter
Taxes, other than on income	`TaxesExcludingIncomeAndExciseTaxes`	$6.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.62M	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$99.00K	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets`	$67.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$393.33M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$446.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.40M	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-116.00K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$135.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.46M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.00M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.34M	USD	1 Quarter
Provision for taxes on income	`IncomeTaxExpenseBenefit`	$22.86M	USD	1 Quarter
Provision for taxes on income	`IncomeTaxExpenseBenefit`	$13.35M	USD	1 Quarter
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$27.64M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$385.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$162.00K	USD	1 Quarter
Net earnings attributable to Kirby	`NetIncomeLoss`	$27.48M	USD	1 Quarter
Net earnings attributable to Kirby	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$27.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.62M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.56M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.71M	USD	1 Quarter
Amortization of unearned share-based compensation	`ShareBasedCompensation`	$2.58M	USD	1 Quarter
Amortization of unearned share-based compensation	`ShareBasedCompensation`	$2.69M	USD	1 Quarter
Amortization of major maintenance costs	`AmortizationOfMajorMaintenanceCosts`	$5.03M	USD	1 Quarter
Amortization of major maintenance costs	`AmortizationOfMajorMaintenanceCosts`	$4.61M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.04M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$342.00K	USD	1 Quarter
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$8.14M	USD	1 Quarter
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-4.36M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$113.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$85.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$50.52M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.77M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$7.96M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$297.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-37.81M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-50.23M	USD	1 Quarter
Payments on bank credit facilities, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-62.89M	USD	1 Quarter
Payments on bank credit facilities, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-48.45M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.26M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.83M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.75M	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.87M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-207.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-711.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-50.27M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-67.17M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.88M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.17M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	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`	$2.76M	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`	$5.63M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$8.74M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$8.86M	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$1.69M	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$-412.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredPaidAndNotYetPaid`	$987.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredPaidAndNotYetPaid`	$1.78M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$38.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$27.64M	USD	1 Quarter
Pension and postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-746.00K	USD	1 Quarter
Pension and postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-649.00K	USD	1 Quarter
Total other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$746.00K	USD	1 Quarter
Total other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$649.00K	USD	1 Quarter
Total comprehensive income, net of taxes	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$39.13M	USD	1 Quarter
Total comprehensive income, net of taxes	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$28.39M	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$385.00K	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$162.00K	USD	1 Quarter
Comprehensive income attributable to Kirby	`ComprehensiveIncomeNetOfTax`	$38.75M	USD	1 Quarter
Comprehensive income attributable to Kirby	`ComprehensiveIncomeNetOfTax`	$28.23M	USD	1 Quarter

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