Kirby Corporation (KEX) financial statements (2022 and earlier)

Company profile

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35802582066
Cash and cash equivalents35802582066
Receivables418315379418452297291
Inventory, net of allowances, customer advances and progress billings331310351507316185185
Inventory331310351507316185185
Other undisclosed current assets220343162164169158159
Total current assets:1,0041,0489181,096957647641
Noncurrent Assets
Operating lease, right-of-use asset168174160
Property, plant and equipment3,6793,9173,7773,5402,9592,9212,779
Long-term investments and receivables2322232
Long-term investments2322232
Intangible assets, net (including goodwill)4997271,1651,1781,168598587
Goodwill439658954954935598587
Intangible assets, net (excluding goodwill)6069211224233  
Other noncurrent assets4855585541135148
Total noncurrent assets:4,3954,8765,1624,7754,1703,6573,515
TOTAL ASSETS:5,3995,9246,0795,8725,1274,3034,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities324276335418323199209
Accounts payable199163207278222135133
Accrued liabilities30253332271316
Employee-related liabilities39334353452737
Taxes payable45454041231917
Interest and dividends payable11111313655
Deferred revenue734543
Debt202700  
Deferred revenue and credits483641
Contract with customer, liability80
Other undisclosed current liabilities145144108110109123112
Total current liabilities:544466514608480358362
Noncurrent Liabilities
Long-term debt and lease obligation1,3211,6321,5091,410992723779
Long-term debt, excluding current maturities1,1611,4691,3701,410992723779
Operating lease, liability160163139
Liabilities, other than long-term debt645739684637540809736
Deferred tax liabilities, net543468719670
Deferred income tax liabilities574607588
Other liabilities711329695729067
Total noncurrent liabilities:1,9672,3712,1932,0481,5331,5321,515
Total liabilities:2,5102,8372,7082,6552,0131,8911,877
Stockholders' equity
Stockholders' equity attributable to parent2,8863,0843,3693,2133,1112,4092,269
Common stock7777766
Treasury stock, value(295)(299)(302)(307)(313)(320)(328)
Additional paid in capital855845836823803432435
Accumulated other comprehensive loss(26)(61)(38)(34)(32)(51)(45)
Retained earnings2,3462,5932,8662,7242,6472,3422,201
Stockholders' equity attributable to noncontrolling interest23333410
Total stockholders' equity:2,8893,0883,3723,2163,1142,4132,279
TOTAL LIABILITIES AND EQUITY:5,3995,9246,0795,8725,1274,3034,156

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2472,1712,8382,9712,2141,7712,148
Revenue, net1,3241,4721,663
Cost of revenue(1,880)(1,760)(2,242)(2,410)(1,778)(1,351)(1,574)
Gross profit:367412596561436420574
Operating expenses(625)(832)(354)(406)(342)(174)(193)
Operating income (loss):(258)(421)24215594245381
Nonoperating income (expense)10835(0)(0)(1)
Other nonoperating income10835   
Interest and debt expense(42)(49)(56)(47)(21)(18)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes    010
Income (loss) from continuing operations before equity method investments, income taxes:(291)(461)18911473228362
Income from equity method investments  00   
Other undisclosed loss from continuing operations before income taxes    (223)  
Income (loss) from continuing operations before income taxes:(291)(461)190114(150)228362
Income tax expense (benefit)44190(47)(35)241(85)(134)
Income (loss) before gain (loss) on sale of properties:(247)(272)1437991143228
Other undisclosed net income    223  
Net income (loss):(247)(272)14379314143228
Net loss attributable to noncontrolling interest(0)(1)(1)(1)(1)(1)(1)
Net income (loss) attributable to parent:(247)(273)14278313141227
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)(2)
Other undisclosed net loss available to common stockholders, basic     (1)(1)
Net income (loss) available to common stockholders, basic:(247)(273)14278311140225
Other undisclosed net income available to common stockholders, diluted   0000
Net income (loss) available to common stockholders, diluted:(247)(273)14278311140225

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(247)(272)14379314143228
Other comprehensive income (loss)35(24)(4)(1)19(6)16
Comprehensive income (loss):(211)(295)13978333136244
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(1)(1)(1)(1)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:(211)(296)13877332135243

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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