Matson, Inc. (MATX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1411 SAND ISLAND PARKWAY HONOLULU, HI 96819 |
| State of Incorp. | HI |
| 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)
| 12/31/2024 | 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 investments | 134 | 250 | 282 | 14 | 21 | 20 | |||
| Cash and cash equivalent | 134 | 250 | 282 | 14 | 21 | 20 | |||
| Receivables | 279 | 269 | 344 | 253 | 206 | 224 | |||
| Prepaid expense | 19 | 17 | 10 | 8 | 13 | 13 | |||
| Other current assets | 20 | 23 | 17 | 9 | 10 | 8 | |||
| Other undisclosed current assets | 150 | 201 | 51 | 22 | 39 | 55 | |||
| Total current assets: | 602 | 760 | 705 | 306 | 290 | 318 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 290 | 397 | 435 | 251 | 256 | ✕ | |||
| Property, plant and equipment | 2,090 | 1,963 | 1,878 | 1,690 | 1,598 | 1,367 | |||
| Long-term investments and receivables | 86 | 81 | 59 | 49 | 76 | 87 | |||
| Long-term investments | 86 | 81 | 59 | 49 | 76 | 87 | |||
| Intangible assets, net (including goodwill) | 504 | 503 | 509 | 520 | 531 | 542 | |||
| Goodwill | 328 | 328 | 328 | 328 | 328 | 328 | |||
| Intangible assets, net (excluding goodwill) | 176 | 175 | 181 | 192 | 203 | 214 | |||
| Deposits noncurrent assets | 599 | 518 | |||||||
| Deferred costs | 57 | 55 | 69 | 52 | 57 | 67 | |||
| Other noncurrent assets | 66 | 54 | 39 | 33 | 38 | 50 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 3,692 | 3,570 | 2,989 | 2,595 | 2,556 | 2,112 | |||
| TOTAL ASSETS: | 4,295 | 4,330 | 3,693 | 2,901 | 2,845 | 2,430 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 278 | 256 | 308 | 283 | 236 | 278 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 3 | 5 | 5 | |||
| Taxes payable | ✕ | ✕ | ✕ | 3 | 12 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 36 | 29 | 29 | 26 | ||
| Accounts payable | 247 | ||||||||
| Accrued liabilities | 40 | 37 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 238 | 219 | 270 | 239 | 202 | ||||
| Deferred revenue | 4 | 7 | ✕ | ||||||
| Debt | 79 | 154 | 130 | 118 | 163 | 42 | |||
| Self insurance reserve | 18 | 16 | 9 | 7 | 13 | 10 | |||
| Other liabilities | 13 | 16 | 17 | 2 | 5 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6 | ||
| Other undisclosed current liabilities | 175 | 141 | 148 | 97 | 14 | 36 | |||
| Total current liabilities: | 562 | 582 | 612 | 512 | 437 | 371 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 389 | 428 | 564 | 701 | 910 | 814 | |||
| Long-term debt, excluding current maturities | 389 | 428 | 550 | 686 | 910 | 814 | |||
| Other undisclosed long-term debt and lease obligation | (293) | (172) | (198) | ||||||
| Liabilities, other than long-term debt | 942 | 1,024 | 556 | 555 | 495 | 490 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 313 | ||
| Deferred income tax liabilities | 669 | 647 | 425 | 390 | 338 | ✕ | |||
| Other liabilities | 114 | 115 | 131 | 166 | 157 | 177 | |||
| Operating lease, liability | 159 | 263 | 307 | 187 | 198 | ✕ | |||
| Other undisclosed noncurrent liabilities | 293 | 172 | 198 | ||||||
| Total noncurrent liabilities: | 1,332 | 1,452 | 1,413 | 1,428 | 1,603 | 1,304 | |||
| Total liabilities: | 1,894 | 2,033 | 2,026 | 1,939 | 2,040 | 1,675 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,401 | 2,297 | 1,667 | 961 | 806 | 755 | |||
| Common stock | 26 | 27 | 31 | 32 | 32 | 32 | |||
| Additional paid in capital | 293 | 290 | 314 | 322 | 306 | 298 | |||
| Accumulated other comprehensive loss | (8) | (7) | (31) | (51) | (37) | (35) | |||
| Retained earnings | 2,090 | 1,986 | 1,354 | 658 | 504 | 460 | |||
| Total equity: | 2,401 | 2,297 | 1,667 | 961 | 806 | 755 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,295 | 4,330 | 3,693 | 2,901 | 2,845 | 2,430 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,095 | 4,343 | 3,925 | 2,383 | 2,203 | 2,223 | ||
| Cost of revenue (Cost of Product and Service Sold) | ||||||||
| Gross profit: | 3,095 | 4,343 | 3,925 | 2,383 | 2,203 | 2,223 | ||
| Operating expenses | (2,754) | (3,073) | (2,794) | (2,129) | (2,095) | (2,096) | ||
| Other undisclosed operating income | 2 | 83 | 56 | 26 | 21 | 37 | ||
| Operating income: | 343 | 1,354 | 1,188 | 280 | 129 | 164 | ||
| Nonoperating income | 42 | 17 | 6 | 6 | 1 | 3 | ||
| Investment income, nonoperating | 36 | 8 | ||||||
| Other nonoperating income | 6 | 9 | 6 | 6 | 1 | 3 | ||
| Interest and debt expense | (12) | (18) | (23) | (27) | (23) | (19) | ||
| Income from continuing operations before income taxes: | 373 | 1,352 | 1,171 | 259 | 108 | 148 | ||
| Income tax expense | (76) | (288) | (244) | (66) | (25) | (39) | ||
| Income from continuing operations: | 297 | 1,064 | 927 | 193 | 83 | 109 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 927 | 193 | 83 | 109 | |
| Net income available to common stockholders, diluted: | 297 | 1,064 | 927 | 193 | 83 | 109 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 297 | 1,064 | 927 | 193 | 83 | 109 | ||
| Comprehensive income: | 297 | 1,064 | 927 | 193 | 83 | 109 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 24 | 20 | (14) | (2) | (4) | ||
| Comprehensive income, net of tax, attributable to parent: | 296 | 1,088 | 947 | 179 | 80 | 105 | ||
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.