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 thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,552 | 4,665 | 5,228 | 1,479 | 5,236 | 2,353 | |||
| Cash and cash equivalents | 8,552 | 4,665 | 5,228 | 1,479 | 5,236 | 2,353 | |||
| Receivables | 101,932 | 122,176 | 122,213 | 114,376 | 100,460 | 110,455 | |||
| Inventory, net of allowances, customer advances and progress billings | 16,043 | 24,319 | 22,196 | 26,193 | 23,369 | 24,943 | |||
| Inventory | 16,043 | 24,319 | 22,196 | 26,193 | 23,369 | 24,943 | |||
| Disposal group, including discontinued operation | |||||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | 7,702 | |||
| Other current assets | 12,283 | 10,428 | 8,537 | 8,915 | 6,714 | ||||
| Other undisclosed current assets | 12,625 | 1,140 | 1,140 | 1,140 | 1,140 | 3,801 | |||
| Total current assets: | 139,152 | 164,583 | 161,205 | 151,725 | 139,120 | 155,968 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 201,060 | 218,167 | 220,884 | 223,390 | 226,838 | 224,881 | |||
| Intangible assets, net (including goodwill) | 224,084 | 225,994 | 227,903 | 230,925 | 233,947 | 236,905 | |||
| Goodwill | 198,793 | 198,793 | 198,793 | 198,793 | 198,793 | 198,793 | |||
| Intangible assets, net (excluding goodwill) | 25,291 | 27,201 | 29,110 | 32,132 | 35,154 | 38,112 | |||
| Other noncurrent assets | 15,766 | 19,570 | 25,185 | 26,086 | 24,702 | 25,100 | |||
| Total noncurrent assets: | 440,910 | 463,731 | 473,972 | 480,401 | 485,487 | 486,886 | |||
| TOTAL ASSETS: | 580,062 | 628,314 | 635,177 | 632,126 | 624,607 | 642,854 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 138,174 | 65,662 | 59,506 | 64,754 | 65,998 | 59,989 | |||
| Interest and dividends payable | 6,588 | ||||||||
| Employee-related liabilities | 16,083 | 17,028 | 17,880 | 16,704 | 16,101 | 17,330 | |||
| Accounts payable | 43,374 | 48,634 | 41,626 | 48,050 | 49,897 | 42,659 | |||
| Accrued liabilities | 72,129 | ||||||||
| Debt | 24,664 | 14,188 | 13,928 | 13,753 | 15,071 | 8,950 | |||
| Restructuring reserve | 18,804 | ✕ | ✕ | ||||||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current liabilities | (30,128) | 70,022 | 70,805 | 76,982 | 57,707 | 74,906 | |||
| Total current liabilities: | 151,514 | 149,872 | 144,239 | 155,489 | 138,776 | 143,845 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 525,066 | 518,903 | 541,974 | 523,871 | 513,662 | 500,287 | |||
| Long-term debt, excluding current maturities | 520,522 | 518,903 | 541,974 | 523,871 | 504,845 | 500,287 | |||
| Capital lease obligations | 4,544 | 8,817 | |||||||
| Liabilities, other than long-term debt | 53,288 | 21,753 | 20,363 | 22,032 | 24,778 | 30,883 | |||
| Deferred tax liabilities, net | 3,052 | 1,579 | 1,610 | 1,571 | 1,391 | 4,425 | |||
| Restructuring reserve | 22,861 | ||||||||
| Disposal group, including discontinued operation, liabilities | |||||||||
| Other liabilities | 27,375 | 20,174 | 18,753 | 20,461 | 23,387 | 26,458 | |||
| Other undisclosed noncurrent liabilities | (4,544) | (8,817) | |||||||
| Total noncurrent liabilities: | 573,810 | 540,656 | 562,337 | 545,903 | 529,623 | 531,170 | |||
| Total liabilities: | 725,324 | 690,528 | 706,576 | 701,392 | 668,399 | 675,015 | |||
| Equity | |||||||||
| Equity, attributable to parent | (145,262) | (62,214) | (71,399) | (69,266) | (43,792) | (32,161) | |||
| Common stock | 1,010 | 1,008 | 1,008 | 999 | 999 | 999 | |||
| Additional paid in capital | 383,809 | 383,770 | 384,150 | 384,768 | 384,073 | 383,466 | |||
| Accumulated other comprehensive income (loss) | (5,597) | 1,233 | 1,182 | 1,096 | 1,027 | (894) | |||
| Accumulated deficit | (524,484) | (448,225) | (457,739) | (456,129) | (429,891) | (415,732) | |||
| Total equity: | (145,262) | (62,214) | (71,399) | (69,266) | (43,792) | (32,161) | |||
| TOTAL LIABILITIES AND EQUITY: | 580,062 | 628,314 | 635,177 | 632,126 | 624,607 | 642,854 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 255,829 | 286,214 | 281,237 | 251,935 | 255,372 | 273,663 | ||
| Cost of revenue | (217,033) | (232,649) | (235,149) | (231,808) | (221,962) | (227,015) | ||
| Gross profit: | 38,796 | 53,565 | 46,088 | 20,127 | 33,410 | 46,648 | ||
| Operating expenses | (97,111) | (26,508) | (29,801) | (28,695) | (31,632) | (28,730) | ||
| Other operating income (expense), net | 122 | 396 | 61 | (378) | (285) | 265 | ||
| Other undisclosed operating income (loss) | (122) | (396) | (61) | 378 | 285 | (265) | ||
| Operating income (loss): | (58,315) | 27,057 | 16,287 | (8,568) | 1,778 | 17,918 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (30) | (1) | 36 | (1) | (6) | |||
| Interest and debt expense | (18,008) | (17,627) | (17,795) | (17,494) | (17,267) | (17,015) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (14) | (1) | 71 | 135 | (23) | |||
| Income (loss) from continuing operations before income taxes: | (76,367) | 9,428 | (1,472) | (25,992) | (15,354) | 874 | ||
| Income tax expense (benefit) | 100 | 91 | (134) | (283) | 1,322 | 729 | ||
| Income (loss) from continuing operations: | (76,267) | 9,519 | (1,606) | (26,275) | (14,032) | 1,603 | ||
| Income (loss) before gain (loss) on sale of properties: | (76,262) | 9,517 | (1,612) | (26,238) | (14,159) | 4,080 | ||
| Income (loss) from discontinued operations | 5 | (2) | (6) | 37 | (127) | 2,477 | ||
| Net income (loss) available to common stockholders, diluted: | (76,262) | 9,517 | (1,612) | (26,238) | (14,159) | 4,080 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (76,262) | 9,517 | (1,612) | (26,238) | (14,159) | 4,080 | ||
| Other comprehensive income (loss) | (6,830) | 51 | ||||||
| Comprehensive income (loss): | (83,092) | 9,568 | (1,612) | (26,238) | (14,159) | 4,080 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 86 | 69 | 1,921 | (29) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (83,092) | 9,568 | (1,526) | (26,169) | (12,238) | 4,051 | ||
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.