Matson Inc. (MATX) Financial Statements (2024 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 thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156,500122,00088,500249,800242,800609,000
Cash and cash equivalents156,500122,00088,500249,800242,800609,000
Receivables305,200285,000283,000268,500328,500380,600
Prepaid expense16,90015,40017,60017,40013,800 
Other current assets7,70020,40023,20022,90020,200 
Other undisclosed current assets149,500135,000154,400201,000269,200123,100
Total current assets:635,800577,800566,700759,600874,5001,112,700
Noncurrent Assets
Operating lease, right-of-use asset306,200331,200366,400396,900421,000455,100
Property, plant and equipment2,058,5002,029,0001,967,1001,962,5001,907,4001,894,700
Long-term investments and receivables81,40080,10081,50081,20087,20093,100
Long-term investments81,40080,10081,50081,20087,20093,100
Intangible assets, net (including goodwill)508,600512,200515,900502,700505,800503,600
Goodwill327,800327,800327,800327,800327,800327,800
Intangible assets, net (excluding goodwill)180,800184,400188,100174,900178,000175,800
Deposits noncurrent assets591,600583,900623,700518,200565,000 
Deferred costs56,70051,10051,90055,30062,00060,800
Other noncurrent assets54,00052,80054,10053,60036,10038,600
Total noncurrent assets:3,657,0003,640,3003,660,6003,570,4003,584,5003,045,900
TOTAL ASSETS:4,292,8004,218,1004,227,3004,330,0004,459,0004,158,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:293,800271,100268,400255,600293,100304,800
Accrued liabilities   36,900  
Other undisclosed accounts payable and accrued liabilities293,800271,100268,400218,700293,100304,800
Debt79,40083,40092,600153,800114,600130,000
Self insurance reserve   15,600  
Other liabilities   15,700  
Other undisclosed current liabilities197,400194,500174,800140,900192,200197,300
Total current liabilities:570,600549,000535,800581,600599,900632,100
Noncurrent Liabilities
Long-term debt and lease obligation, including:398,700408,500417,900427,700474,500531,600
Long-term debt, excluding current maturities398,700408,500417,900427,700461,300517,900
Other undisclosed long-term debt and lease obligation     (271,100)(300,500)
Liabilities, other than long-term debt933,200970,6001,003,3001,023,800814,900560,800
Deferred income tax liabilities639,300643,900645,500646,500687,800433,800
Other liabilities107,800114,200116,000114,800127,100127,000
Operating lease, liability186,100212,500241,800262,500284,300314,200
Other undisclosed noncurrent liabilities     271,100300,500
Total noncurrent liabilities:1,331,9001,379,1001,421,2001,451,5001,560,5001,392,900
Total liabilities:1,902,5001,928,1001,957,0002,033,1002,160,4002,025,000
Equity
Equity, attributable to parent2,390,3002,290,0002,270,3002,296,9002,298,6002,133,600
Common stock26,20026,30026,90027,20028,30029,200
Additional paid in capital289,100282,700279,700290,400290,400294,700
Accumulated other comprehensive loss(9,300)(7,900)(6,300)(6,900)(34,100)(31,500)
Retained earnings2,084,3001,988,9001,970,0001,986,2002,014,0001,841,200
Total equity:2,390,3002,290,0002,270,3002,296,9002,298,6002,133,600
TOTAL LIABILITIES AND EQUITY:4,292,8004,218,1004,227,3004,330,0004,459,0004,158,600

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues827,500773,400704,800801,6001,114,8001,261,100
Cost of revenue (1,400)(1,800)   
Gross profit:827,500772,000703,000801,6001,114,8001,261,100
Operating expenses(696,700)(675,300)(664,300)(710,000)(802,900)(792,700)
Other undisclosed operating income1,300  1,00023,40024,700
Operating income:132,10096,70038,70092,600335,300493,100
Nonoperating income10,50010,50010,0009,1003,8001,800
Investment income, nonoperating9,3008,7008,2006,9001,300 
Other nonoperating income1,2001,8001,8002,2002,5001,800
Interest and debt expense(2,400)(2,900)(4,500)(3,700)(5,000)(4,500)
Income from continuing operations before income taxes:140,200104,30044,20098,000334,100490,400
Income tax expense(20,300)(23,500)(10,200)(20,000)(68,100)(109,700)
Income from continuing operations:119,90080,80034,00078,000266,000380,700
Income before gain (loss) on sale of properties:266,000380,700
Net income available to common stockholders, diluted:119,90080,80034,00078,000266,000380,700

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:119,90080,80034,00078,000266,000380,700
Comprehensive income:119,90080,80034,00078,000266,000380,700
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,400)(1,600)60027,200(2,600)(800)
Comprehensive income, net of tax, attributable to parent:118,50079,20034,600105,200263,400379,900

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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