Horizon Lines Inc (HRZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 4064 COLONY ROAD
CHARLOTTE, NC 28211
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 9528
Cash and cash equivalents 9528
Receivables 102100100
Inventory, net of allowances, customer advances and progress billings 162330
Inventory 162330
Disposal group, including discontinued operation   0
Other current assets  9
Prepaid expense and other current assets8
Other undisclosed current assets 1315
Total current assets: 139139170
Noncurrent Assets
Property, plant and equipment 201227160
Intangible assets, net (including goodwill) 224234247
Goodwill 199199199
Intangible assets, net (excluding goodwill) 253549
Other noncurrent assets 1625
Prepaid expense and other noncurrent assets24
Total noncurrent assets: 441485431
TOTAL ASSETS: 580625601
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1386660
Interest and dividends payable 7  
Employee-related liabilities 161613
Accounts payable 435047
Accrued liabilities 72  
Debt 25155
Restructuring reserve 19
Disposal group, including discontinued operation   1
Other undisclosed current liabilities (30)5877
Total current liabilities: 152139142
Noncurrent Liabilities
Long-term debt and lease obligation 525514440
Long-term debt, excluding current maturities 521505434
Capital lease obligations 596
Liabilities, other than long-term debt 532541
Deferred revenue and credits   9
Deferred tax liabilities, net 315
Restructuring reserve 23  
Other liabilities 272328
Other undisclosed noncurrent liabilities (5)(9)(6)
Total noncurrent liabilities: 574530476
Total liabilities: 725668618
Equity
Equity, attributable to parent (145)(44)(17)
Common stock 111
Additional paid in capital 384384381
Accumulated other comprehensive income (loss) (6)1(1)
Accumulated deficit (524)(430)(398)
Total equity: (145)(44)(17)
TOTAL LIABILITIES AND EQUITY: 580625601

Income Statement (P&L) ($ in millions)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 1,0751,0331,074
Cost of revenue (917)(880)(943)
Gross profit: 158153131
Operating expenses (181)(122)(126)
Other operating income, net 030
Other undisclosed operating loss (0)(3)(0)
Operating income (loss): (24)314
Nonoperating expense
(Other Nonoperating expense)
 (0)(0)(0)
Interest and debt expense (71)(67)(100)
Other undisclosed income from continuing operations before equity method investments, income taxes 0019
Loss from continuing operations before income taxes: (94)(35)(76)
Income tax expense (benefit) (0)21
Loss from continuing operations: (95)(33)(74)
Loss before gain (loss) on sale of properties: (95)(32)(95)
Income (loss) from discontinued operations 01(20)
Net loss available to common stockholders, diluted: (95)(32)(95)

Comprehensive Income ($ in millions)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (95)(32)(95)
Other comprehensive income (loss) (7) 1
Comprehensive loss: (101)(32)(94)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  2(4)
Comprehensive loss, net of tax, attributable to parent: (101)(30)(98)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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