Kirby Corporation (KEX) Financial Statements (2025 and earlier)

Company Profile

Business Address 55 WAUGH DRIVE SUITE 1000
HOUSTON, TX 77007
State of Incorp. NV
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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33813580258
Cash and cash equivalents33813580258
Receivables527623418315379418
Inventory, net of allowances, customer advances and progress billings454462331310351507
Inventory454462331310351507
Other undisclosed current assets12246220343162164
Total current assets:1,1351,2121,0041,0489181,096
Noncurrent Assets
Operating lease, right-of-use asset152155168174160
Property, plant and equipment3,8613,6333,6793,9173,7773,540
Long-term investments and receivables 322322
Long-term investments 322322
Intangible assets, net (including goodwill)4824904997271,1651,178
Goodwill439439439658954954
Intangible assets, net (excluding goodwill)43516069211224
Other noncurrent assets896348555855
Total noncurrent assets:4,5874,3434,3954,8765,1624,775
TOTAL ASSETS:5,7225,5555,3995,9246,0795,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities415418324276335418
Interest and dividends payable1211111313
Taxes payable3045454041
Employee-related liabilities5639334353
Accounts payable269278199163207278
Accrued liabilities1464230253332
Deferred revenue135119734543
Debt8320270
Contract with customer, liability80
Other undisclosed current liabilities118102145144108110
Total current liabilities:676642544466514608
Noncurrent Liabilities
Long-term debt and lease obligation1,0091,0761,3211,6321,5091,410
Long-term debt, excluding current maturities1,0091,0761,1611,4691,3701,410
Liabilities, other than long-term debt851791645739684637
Deferred tax liabilities, net543
Deferred income tax liabilities697626574607588
Other liabilities1623711329695
Operating lease, liability139142160163139
Total noncurrent liabilities:1,8601,8681,9672,3712,1932,048
Total liabilities:2,5362,5102,5102,8372,7082,655
Equity
Equity, attributable to parent3,1853,0432,8863,0843,3693,213
Common stock777777
Treasury stock, value(412)(309)(295)(299)(302)(307)
Additional paid in capital864859855845836823
Accumulated other comprehensive income (loss)3517(26)(61)(38)(34)
Retained earnings2,6922,4692,3462,5932,8662,724
Equity, attributable to noncontrolling interest122333
Total equity:3,1873,0452,8893,0883,3723,216
TOTAL LIABILITIES AND EQUITY:5,7225,5555,3995,9246,0795,872

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,0922,7852,2472,1712,8382,971
Cost of revenue(2,418)(2,289)(1,880)(1,760)(2,242)(2,410)
Gross profit:674496367412596561
Operating expenses(339)(303)(625)(832)(354)(406)
Operating income (loss):335193(258)(421)242155
Nonoperating income
(Other Nonoperating income)
111710835
Interest and debt expense(52)(45)(42)(49)(56)(47)
Income (loss) from continuing operations before equity method investments, income taxes:294165(291)(461)189114
Income from equity method investments     00
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:294165(291)(461)190114
Income tax expense (benefit)(71)(42)44190(47)(35)
Income (loss) from continuing operations:223123(247)(272)14379
Income (loss) before gain (loss) on sale of properties:(247)(272)14379
Net income (loss):223123(247)(272)14379
Net income (loss) attributable to noncontrolling interest0(0)(0)(1)(1)(1)
Net income (loss) attributable to parent:223122(247)(273)14278
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)  (0)(0)
Net income (loss) available to common stockholders, basic:223122(247)(273)14278
Other undisclosed net income available to common stockholders, diluted     0
Net income (loss) available to common stockholders, diluted:223122(247)(273)14278

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):223123(247)(272)14379
Other comprehensive income (loss)184335(24)(4)(1)
Comprehensive income (loss):241166(211)(295)13978
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)(1)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:241165(211)(296)13877

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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