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10-Q Filing

MATSON, INC. CIK: 3453 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001558370-19-004554
Period End Date 20190331
Filing Date 20190509
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance matx-20190331.xml
Filing Contents
Balance Sheet 61 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.70M USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $223.70M USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $217.90M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $75.10M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $73.30M USD Point-in-time
Total current assets AssetsCurrent $306.60M USD Point-in-time
Total current assets AssetsCurrent $318.40M USD Point-in-time
Investment in Terminal Joint Venture InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $87.00M USD Point-in-time
Investment in Terminal Joint Venture InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $91.30M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.39B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.37B USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $251.40M USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $243.30M USD Point-in-time
Goodwill Goodwill $327.80M USD Point-in-time
Goodwill Goodwill $327.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $214.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $211.20M USD Point-in-time
Deferred dry-docking costs, net DeferredCosts $60.20M USD Point-in-time
Deferred dry-docking costs, net DeferredCosts $67.10M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $50.20M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $49.50M USD Point-in-time
Total long-term assets AssetsNoncurrent $2.37B USD Point-in-time
Total long-term assets AssetsNoncurrent $2.11B USD Point-in-time
Total Assets Assets $2.68B USD Point-in-time
Total Assets Assets $2.43B USD Point-in-time
Current portion of debt DebtCurrent $42.10M USD Point-in-time
Current portion of debt DebtCurrent $45.20M USD Point-in-time
Accounts payable AccountsPayableCurrent $246.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $232.40M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $54.30M USD Point-in-time
Accruals and other liabilities AccruedLiabilitiesAndOtherLiabilities $79.20M USD Point-in-time
Accruals and other liabilities AccruedLiabilitiesAndOtherLiabilities $81.90M USD Point-in-time
Total current liabilities LiabilitiesCurrent $370.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $411.10M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $822.90M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $814.30M USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $196.70M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $317.90M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $312.70M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $165.20M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $177.30M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.50B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.30B USD Point-in-time
Commitments and Contingencies (Note 2) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 2) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $32.00M USD Point-in-time
Common stock CommonStockValue $32.10M USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $297.80M USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $297.80M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.70M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $467.80M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $460.00M USD Point-in-time
Total shareholders' equity StockholdersEquity $755.30M USD Point-in-time
Total shareholders' equity StockholdersEquity $681.40M USD Point-in-time
Total shareholders' equity StockholdersEquity $677.20M USD Point-in-time
Total shareholders' equity StockholdersEquity $763.00M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.68B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.43B USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Total Operating Revenue RevenueFromContractWithCustomerExcludingAssessedTax $511.40M USD 1 Quarter
Total Operating Revenue RevenueFromContractWithCustomerExcludingAssessedTax $532.40M USD 1 Quarter
Operating costs OperatingCostsAndExpenses $439.30M USD 1 Quarter
Operating costs OperatingCostsAndExpenses $467.10M USD 1 Quarter
Equity in income of Terminal Joint Venture IncomeLossFromEquityMethodInvestments $8.50M USD 1 Quarter
Equity in income of Terminal Joint Venture IncomeLossFromEquityMethodInvestments $10.50M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $53.90M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $56.30M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $514.90M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $482.70M USD 1 Quarter
Operating Income OperatingIncomeLoss $28.70M USD 1 Quarter
Operating Income OperatingIncomeLoss $17.50M USD 1 Quarter
Interest expense InterestExpense $4.60M USD 1 Quarter
Interest expense InterestExpense $5.00M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $800.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $600.00K USD 1 Quarter
Income before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.50M USD 1 Quarter
Income before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $24.50M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $10.30M USD 1 Quarter
Net Income NetIncomeLoss $12.50M USD 1 Quarter
Net Income NetIncomeLoss $14.20M USD 1 Quarter
Net Income NetIncomeLoss $12.50M USD 1 Quarter
Net Income NetIncomeLoss $14.20M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-1.30M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-1.10M USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-900.00K USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.30M USD 1 Quarter
Other adjustments OtherComprehensiveIncomeOtherNetOfTax $200.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-200.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $200.00K USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $12.30M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $14.40M USD 1 Quarter
Basic Earnings Per-Share: (in dollars per share) EarningsPerShareBasic $0.29 USD 1 Quarter
Basic Earnings Per-Share: (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Diluted Earnings Per-Share: (in dollars per share) EarningsPerShareDiluted $0.29 USD 1 Quarter
Diluted Earnings Per-Share: (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.80M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.60M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.10M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.90M shares 1 Quarter
Cash Flow Statement 79 line items
Line Item Tag Value Unit Period
Net income IncomeLossFromContinuingOperations $14.20M USD 1 Quarter
Net income IncomeLossFromContinuingOperations $12.50M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.60M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.30M USD 1 Quarter
Non-cash operating lease expense OperatingLeaseCost $16.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $3.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $6.40M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.20M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $2.70M USD 1 Quarter
Equity in income of Terminal Joint Venture IncomeLossFromEquityMethodInvestments $8.50M USD 1 Quarter
Equity in income of Terminal Joint Venture IncomeLossFromEquityMethodInvestments $10.50M USD 1 Quarter
Distribution from Terminal Joint Venture ProceedsFromContributionsFromAffiliates $7.00M USD 1 Quarter
Distribution from Terminal Joint Venture ProceedsFromContributionsFromAffiliates $4.20M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-600.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-600.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $14.50M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $-5.80M USD 1 Quarter
Deferred dry-docking payments IncreaseDecreaseInDeferredDryDockingPayments $3.20M USD 1 Quarter
Deferred dry-docking payments IncreaseDecreaseInDeferredDryDockingPayments $4.60M USD 1 Quarter
Deferred dry-docking amortization IncreaseDecreaseInDeferredDryDockingAmortization $-9.20M USD 1 Quarter
Deferred dry-docking amortization IncreaseDecreaseInDeferredDryDockingAmortization $-8.10M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-8.20M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.80M USD 1 Quarter
Accounts payable, accruals and other liabilities IncreaseDecreaseInAccountsPayable $-11.00M USD 1 Quarter
Accounts payable, accruals and other liabilities IncreaseDecreaseInAccountsPayable $-20.40M USD 1 Quarter
Operating lease liabilities OperatingLeasePayments $16.70M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-200.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $400.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $29.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.40M USD 1 Quarter
Capitalized vessel construction expenditures PaymentsForConstructionInProcess $20.90M USD 1 Quarter
Capitalized vessel construction expenditures PaymentsForConstructionInProcess $57.70M USD 1 Quarter
Other capital expenditures PaymentsToAcquireOtherProductiveAssets $13.10M USD 1 Quarter
Other capital expenditures PaymentsToAcquireOtherProductiveAssets $13.50M USD 1 Quarter
Proceeds from disposal of property and equipment ProceedsFromSaleOfProductiveAssets $1.00M USD 1 Quarter
Proceeds from disposal of property and equipment ProceedsFromSaleOfProductiveAssets $1.20M USD 1 Quarter
Cash deposits into Capital Construction Fund IncreaseInRestrictedCash $53.50M USD 1 Quarter
Cash deposits into Capital Construction Fund IncreaseInRestrictedCash $13.40M USD 1 Quarter
Withdrawals from Capital Construction Fund DecreaseInRestrictedCash $13.40M USD 1 Quarter
Withdrawals from Capital Construction Fund DecreaseInRestrictedCash $53.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-69.80M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-33.20M USD 1 Quarter
Repayments of debt and capital leases RepaymentsOfDebtAndCapitalLeaseObligations $8.20M USD 1 Quarter
Repayments of debt and capital leases RepaymentsOfDebtAndCapitalLeaseObligations $2.50M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLinesOfCredit $117.40M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLinesOfCredit $107.80M USD 1 Quarter
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $68.40M USD 1 Quarter
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $87.80M USD 1 Quarter
Proceeds from issuance of capital stock ProceedsFromIssuanceOfCommonStock $200.00K USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $8.70M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $9.10M USD 1 Quarter
Tax withholding related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.20M USD 1 Quarter
Tax withholding related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.10M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $33.80M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-400.00K USD 1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-6.10M USD 1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-200.00K USD 1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.30M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.80M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.50M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.30M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.80M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.50M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $15.40M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $19.60M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $13.70M USD Point-in-time
Restricted Cash RestrictedCashAndCashEquivalents $8.90M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.30M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.80M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.50M USD Point-in-time
Interest paid, net of capitalized interest InterestPaidNet $5.30M USD 1 Quarter
Interest paid, net of capitalized interest InterestPaidNet $4.80M USD 1 Quarter
Income tax paid, net of income tax refunds IncomeTaxesPaidNet $-5.40M USD 1 Quarter
Income tax paid, net of income tax refunds IncomeTaxesPaidNet $200.00K USD 1 Quarter
Capital expenditures included in accounts payable, accruals and other liabilities CapitalExpendituresAndDryDockingIncurredButNotYetPaid $700.00K USD 1 Quarter
Capital expenditures included in accounts payable, accruals and other liabilities CapitalExpendituresAndDryDockingIncurredButNotYetPaid $5.50M USD 1 Quarter
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.21 USD 1 Quarter
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.20 USD 1 Quarter
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.21 USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $467.80M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $460.00M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $755.30M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $681.40M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $677.20M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $763.00M USD Point-in-time
Cumulative-effect adjustment recorded to retained earnings CumulativeEffectOnRetainedEarningsNetOfTax1 $4.40M USD 1 Quarter
Net income NetIncomeLoss $12.50M USD 1 Quarter
Net income NetIncomeLoss $14.20M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-200.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $200.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.20M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.70M USD 1 Quarter
Shares issued StockIssuedDuringPeriodValueNewIssues $-3.10M USD 1 Quarter
Shares issued StockIssuedDuringPeriodValueNewIssues $-4.20M USD 1 Quarter
Dividends ($0.21 and $0.20 per share) for the periods ending March 31, 2019 and 2018 respectively DividendsCommonStockCash $9.10M USD 1 Quarter
Dividends ($0.21 and $0.20 per share) for the periods ending March 31, 2019 and 2018 respectively DividendsCommonStockCash $8.70M USD 1 Quarter
Balance at the end of the period StockholdersEquity $755.30M USD Point-in-time
Balance at the end of the period StockholdersEquity $681.40M USD Point-in-time
Balance at the end of the period StockholdersEquity $677.20M USD Point-in-time
Balance at the end of the period StockholdersEquity $763.00M USD Point-in-time

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

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