Horizon Lines Inc (HRZ) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9528
Cash and cash equivalents9528
Receivables102100100
Inventory, net of allowances, customer advances and progress billings162330
Inventory162330
Disposal group, including discontinued operation  0
Prepaid expense and other current assets8
Other current assets 9
Other undisclosed current assets1315
Total current assets:139139170
Noncurrent Assets
Property, plant and equipment201227160
Intangible assets, net (including goodwill)224234247
Goodwill199199199
Intangible assets, net (excluding goodwill)253549
Other noncurrent assets1625
Prepaid expense and other noncurrent assets24
Total noncurrent assets:441485431
TOTAL ASSETS:580625601
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1386660
Accounts payable435047
Accrued liabilities72  
Employee-related liabilities161613
Interest and dividends payable7  
Debt25155
Restructuring reserve19
Disposal group, including discontinued operation  1
Other undisclosed current liabilities(30)5877
Total current liabilities:152139142
Noncurrent Liabilities
Long-term debt and lease obligation525514440
Long-term debt, excluding current maturities521505434
Capital lease obligations596
Liabilities, other than long-term debt532541
Deferred revenue and credits  9
Deferred tax liabilities, net315
Restructuring reserve23  
Other liabilities272328
Other undisclosed noncurrent liabilities(5)(9)(6)
Total noncurrent liabilities:574530476
Total liabilities:725668618
Stockholders' equity
Stockholders' equity attributable to parent(145)(44)(17)
Common stock111
Additional paid in capital384384381
Accumulated other comprehensive income (loss)(6)1(1)
Accumulated deficit(524)(430)(398)
Total stockholders' equity:(145)(44)(17)
TOTAL LIABILITIES AND EQUITY:580625601

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

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, net030
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 taxes0019
Loss from continuing operations before income taxes:(94)(35)(76)
Income tax expense (benefit)(0)21
Loss from continuing operations:(95)(33)(74)
Income (loss) from discontinued operations01(20)
Net loss available to common stockholders, diluted:(95)(32)(95)

Comprehensive Income ($ in millions)

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 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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