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10-Q Filing

MATSON, INC. CIK: 3453 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-004977
Period End Date 20210331
Filing Date 20210428
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance matx-20210331x10q_htm.xml
Filing Contents
Balance Sheet 65 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for credit loss AllowanceForDoubtfulAccountsReceivable $6.50M USD Point-in-time
Accounts receivable, allowance for credit loss AllowanceForDoubtfulAccountsReceivable $6.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $14.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.80M USD Point-in-time
Accounts receivable, net of allowance for credit loss of $6.5 million and $6.3 million, respectively ReceivablesNetCurrent $253.40M USD Point-in-time
Accounts receivable, net of allowance for credit loss of $6.5 million and $6.3 million, respectively ReceivablesNetCurrent $261.10M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $41.00M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $38.10M USD Point-in-time
Total current assets AssetsCurrent $313.90M USD Point-in-time
Total current assets AssetsCurrent $305.90M USD Point-in-time
Investment in SSAT InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $47.50M USD Point-in-time
Investment in SSAT InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $48.70M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.68B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.69B USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $251.40M USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $279.00M USD Point-in-time
Goodwill Goodwill $327.80M USD Point-in-time
Goodwill Goodwill $327.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $192.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $189.30M USD Point-in-time
Deferred dry-docking costs, net DeferredCosts $51.90M USD Point-in-time
Deferred dry-docking costs, net DeferredCosts $53.70M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $33.00M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $34.50M USD Point-in-time
Total long-term assets AssetsNoncurrent $2.62B USD Point-in-time
Total long-term assets AssetsNoncurrent $2.59B USD Point-in-time
Total Assets Assets $2.93B USD Point-in-time
Total Assets Assets $2.90B USD Point-in-time
Current portion of debt ShortTermBorrowings $59.20M USD Point-in-time
Current portion of debt ShortTermBorrowings $59.20M USD Point-in-time
Accounts payable and accruals AccountsPayableAndAccruedLiabilitiesCurrent $283.10M USD Point-in-time
Accounts payable and accruals AccountsPayableAndAccruedLiabilitiesCurrent $259.90M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $91.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $72.40M USD Point-in-time
Other liabilities AccruedLiabilitiesAndOtherLiabilities $96.80M USD Point-in-time
Other liabilities AccruedLiabilitiesAndOtherLiabilities $109.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $519.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $511.50M USD Point-in-time
Long-term debt, net of deferred loan fees LongTermDebtNoncurrent $685.60M USD Point-in-time
Long-term debt, net of deferred loan fees LongTermDebtNoncurrent $624.30M USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $197.60M USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $186.90M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $389.60M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $396.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $165.80M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $163.70M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.43B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.38B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $32.40M USD Point-in-time
Common stock CommonStockValue $32.60M USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $312.00M USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $321.50M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-50.80M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-50.90M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $658.10M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $735.20M USD Point-in-time
Total shareholders' equity StockholdersEquity $800.20M USD Point-in-time
Total shareholders' equity StockholdersEquity $961.20M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.03B USD Point-in-time
Total shareholders' equity StockholdersEquity $805.70M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.90B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.93B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Total Operating Revenue RevenueFromContractWithCustomerExcludingAssessedTax $513.90M USD 1 Quarter
Total Operating Revenue RevenueFromContractWithCustomerExcludingAssessedTax $711.80M USD 1 Quarter
Operating costs OperatingCostsAndExpenses $448.30M USD 1 Quarter
Operating costs OperatingCostsAndExpenses $544.70M USD 1 Quarter
Income from SSAT IncomeLossFromEquityMethodInvestments $4.00M USD 1 Quarter
Income from SSAT IncomeLossFromEquityMethodInvestments $9.20M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $56.10M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $56.60M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $500.90M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $591.60M USD 1 Quarter
Operating Income OperatingIncomeLoss $13.00M USD 1 Quarter
Operating Income OperatingIncomeLoss $120.20M USD 1 Quarter
Interest expense InterestExpense $8.60M USD 1 Quarter
Interest expense InterestExpense $7.30M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $600.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $1.40M USD 1 Quarter
Income before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $114.30M USD 1 Quarter
Income before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $27.10M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $1.20M USD 1 Quarter
Net Income NetIncomeLoss $3.80M USD 1 Quarter
Net Income NetIncomeLoss $87.20M USD 1 Quarter
Net Income NetIncomeLoss $3.80M USD 1 Quarter
Net Income NetIncomeLoss $87.20M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-1.10M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-1.20M USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.30M USD 1 Quarter
Amortization of net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.20M USD 1 Quarter
Other adjustments OtherComprehensiveIncomeOtherNetOfTax $-200.00K USD 1 Quarter
Other adjustments OtherComprehensiveIncomeOtherNetOfTax $-700.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-600.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-100.00K USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $3.20M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $87.10M USD 1 Quarter
Basic Earnings Per-Share: (in dollars per share) EarningsPerShareBasic $0.09 USD 1 Quarter
Basic Earnings Per-Share: (in dollars per share) EarningsPerShareBasic $2.01 USD 1 Quarter
Diluted Earnings Per-Share: (in dollars per share) EarningsPerShareDiluted $1.99 USD 1 Quarter
Diluted Earnings Per-Share: (in dollars per share) EarningsPerShareDiluted $0.09 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 43.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 43.30M shares 1 Quarter
Cash Flow Statement 75 line items
Line Item Tag Value Unit Period
Net income IncomeLossFromContinuingOperations $87.20M USD 1 Quarter
Net income IncomeLossFromContinuingOperations $3.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $34.50M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $27.00M USD 1 Quarter
Amortization of operating lease right of use assets OperatingLeaseRightOfUseAssetsAmortization $23.90M USD 1 Quarter
Amortization of operating lease right of use assets OperatingLeaseRightOfUseAssetsAmortization $17.40M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $2.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $6.50M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.10M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $4.80M USD 1 Quarter
Income from SSAT IncomeLossFromEquityMethodInvestments $4.00M USD 1 Quarter
Income from SSAT IncomeLossFromEquityMethodInvestments $9.20M USD 1 Quarter
Distribution from SSAT ProceedsFromJointVenture $7.80M USD 1 Quarter
Distribution from SSAT ProceedsFromJointVenture $10.50M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-100.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-1.10M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $7.70M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $12.90M USD 1 Quarter
Deferred dry-docking payments IncreaseDecreaseInDeferredDryDockingPayments $9.50M USD 1 Quarter
Deferred dry-docking payments IncreaseDecreaseInDeferredDryDockingPayments $2.60M USD 1 Quarter
Deferred dry-docking amortization IncreaseDecreaseInDeferredDryDockingAmortization $6.60M USD 1 Quarter
Deferred dry-docking amortization IncreaseDecreaseInDeferredDryDockingAmortization $6.10M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.80M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $200.00K USD 1 Quarter
Accounts payable, accruals and other liabilities IncreaseDecreaseInAccountsPayable $5.60M USD 1 Quarter
Accounts payable, accruals and other liabilities IncreaseDecreaseInAccountsPayable $38.90M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-22.50M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-16.90M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-1.50M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-1.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $68.60M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $122.90M USD 1 Quarter
Capitalized vessel construction expenditures PaymentsForConstructionInProcess $9.10M USD 1 Quarter
Other capital expenditures PaymentsToAcquireOtherProductiveAssets $38.50M USD 1 Quarter
Other capital expenditures PaymentsToAcquireOtherProductiveAssets $26.10M USD 1 Quarter
Proceeds from disposal of property and equipment ProceedsFromSaleOfProductiveAssets $14.50M USD 1 Quarter
Proceeds from disposal of property and equipment ProceedsFromSaleOfProductiveAssets $1.40M USD 1 Quarter
Cash deposits into Capital Construction Fund IncreasedInRestrictedCash $70.40M USD 1 Quarter
Withdrawals from Capital Construction Fund DecreasedInRestrictedCash $70.40M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-37.10M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-20.70M USD 1 Quarter
Repayments of debt RepaymentsOfDebt $11.40M USD 1 Quarter
Repayments of debt RepaymentsOfDebt $14.40M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLinesOfCredit $111.40M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLinesOfCredit $108.10M USD 1 Quarter
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $154.90M USD 1 Quarter
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $133.50M USD 1 Quarter
Payment of financing costs PaymentsOfFinancingCosts $3.00M USD 1 Quarter
Payment of financing costs PaymentsOfFinancingCosts $3.10M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $10.10M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $9.50M USD 1 Quarter
Tax withholding related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.50M USD 1 Quarter
Tax withholding related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $14.10M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-88.40M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-50.60M USD 1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-2.60M USD 1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-2.70M USD 1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $17.10M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.40M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.70M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $17.10M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.40M USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.70M USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.70M USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $17.10M USD Point-in-time
Total Cash, Cash Equivalents and Restricted Cash, End of the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.40M USD Point-in-time
Interest paid, net of capitalized interest InterestPaidNet $8.60M USD 1 Quarter
Interest paid, net of capitalized interest InterestPaidNet $5.70M USD 1 Quarter
Income tax (refunds) and payments, net IncomeTaxesPaidNet $-300.00K USD 1 Quarter
Income tax (refunds) and payments, net IncomeTaxesPaidNet $-400.00K USD 1 Quarter
Capital expenditures included in accounts payable, accruals and other liabilities CapitalExpendituresAndDryDockingIncurredButNotYetPaid $8.80M USD 1 Quarter
Capital expenditures included in accounts payable, accruals and other liabilities CapitalExpendituresAndDryDockingIncurredButNotYetPaid $3.50M USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.23 USD Point-in-time
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.23 USD 1 Quarter
Dividends (per share) CommonStockDividendsPerShareCashPaid $0.22 USD 1 Quarter
Balance at the beginning of the period StockholdersEquity $800.20M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $961.20M USD Point-in-time
Balance at the beginning of the period StockholdersEquity $1.03B USD Point-in-time
Balance at the beginning of the period StockholdersEquity $805.70M USD Point-in-time
Net income NetIncomeLoss $3.80M USD 1 Quarter
Net income NetIncomeLoss $87.20M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-600.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-100.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.10M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.80M USD 1 Quarter
Shares issued, net of shares withheld for employee taxes StockIssuedDuringPeriodValueNewIssues $-4.50M USD 1 Quarter
Shares issued, net of shares withheld for employee taxes StockIssuedDuringPeriodValueNewIssues $-14.10M USD 1 Quarter
Equity interest in SSAT EquityMethodInvestmentIncreaseDueToSubsidiaryAcquisition $2.20M USD 1 Quarter
Dividends DividendsCommonStockCash $10.10M USD 1 Quarter
Dividends DividendsCommonStockCash $9.50M USD 1 Quarter
Balance at the end of the period StockholdersEquity $800.20M USD Point-in-time
Balance at the end of the period StockholdersEquity $961.20M USD Point-in-time
Balance at the end of the period StockholdersEquity $1.03B USD Point-in-time
Balance at the end of the period StockholdersEquity $805.70M USD Point-in-time

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

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