Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-06-30 | 2013-09-30 | 2013-06-30 | 2012-12-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 47,025,000 | 68,383,000 | 51,078,000 | 74,444,000 | 75,216,000 | 32,577,000 | 42,116,000 | 36,603,000 | 26,699,000 | 80,577,000 | 36,991,000 | 25,104,000 | 32,398,000 | 34,813,000 | 54,377,000 | 53,052,000 | 52,333,000 | 80,338,000 | 119,586,000 | 108,471,000 | 322,571,000 | 24,737,000 | 9,425,000 | 22,521,000 | 7,289,000 | 7,800,000 | 3,617,000 | 4,198,000 | 7,010,000 | 4,826,000 | 1,577,000 | 2,756,000 | 5,381,000 | 2,859,000 | 1,717,000 | 2,515,000 | 4,989,000 | 4,491,000 | 2,934,000 | 6,482,000 | 5,263,000 | 11,059,000 | 16,249,000 | 8,365,000 | 7,332,000 | 172,093,000 | 195,600,000 | 149,204,000 | 140,751,000 | 8,647,000 | 5,117,000 | 2,653,000 | 17,838,000 | 629,000 | 4,064,000 |
accounts receivable: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade – less allowance for doubtful accounts | 524,072,000 | 564,233,000 | 505,617,000 | 529,141,000 | 514,631,000 | 519,741,000 | 526,489,000 | 482,744,000 | 445,425,000 | 420,823,000 | 389,579,000 | 352,372,000 | 347,275,000 | 304,021,000 | 348,453,000 | 389,616,000 | 382,465,000 | 450,958,000 | 439,975,000 | 400,870,000 | 448,281,000 | 485,865,000 | 433,295,000 | 287,282,000 | 303,723,000 | 250,362,000 | 271,698,000 | 264,703,000 | 321,725,000 | 337,011,000 | 373,916,000 | 349,818,000 | 308,495,000 | 331,131,000 | 291,148,000 | 255,028,000 | 153,806,000 | 148,215,000 | 143,062,000 | ||||||||||||||||
other | 95,895,000 | 62,221,000 | 48,003,000 | 46,888,000 | 55,949,000 | 52,025,000 | 53,936,000 | 40,011,000 | 109,539,000 | 114,556,000 | 133,278,000 | 127,181,000 | 125,757,000 | 149,964,000 | 150,811,000 | 165,478,000 | 171,749,000 | 284,899,000 | 257,656,000 | 228,409,000 | 253,688,000 | 104,175,000 | 99,736,000 | 99,568,000 | 122,180,000 | 104,239,000 | 111,221,000 | 116,673,000 | 110,640,000 | 77,913,000 | 94,994,000 | 85,684,000 | 76,728,000 | 88,477,000 | 88,381,000 | 90,035,000 | 92,582,000 | 98,496,000 | 117,027,000 | 32,265,000 | 46,489,000 | 43,074,000 | 32,060,000 | 24,212,000 | 12,009,000 | 18,181,000 | 21,612,000 | 33,851,000 | 10,882,000 | 12,976,000 | 7,713,000 | 20,850,000 | |||
inventories – net | 423,976,000 | 426,265,000 | 434,706,000 | 446,803,000 | 505,506,000 | 504,514,000 | 475,218,000 | 392,470,000 | 370,385,000 | 360,457,000 | 308,820,000 | 325,545,000 | 326,475,000 | 321,433,000 | 335,958,000 | 341,498,000 | 410,261,000 | 428,264,000 | 491,566,000 | 453,173,000 | 384,007,000 | 372,182,000 | 323,403,000 | 180,841,000 | 173,932,000 | 179,110,000 | 187,717,000 | 186,930,000 | 185,938,000 | 191,061,000 | 195,729,000 | 135,933,000 | 138,439,000 | 139,547,000 | 126,324,000 | 116,871,000 | |||||||||||||||||||
prepaid expenses and other current assets | 68,863,000 | 63,931,000 | 62,876,000 | 63,472,000 | 68,369,000 | 69,479,000 | 79,382,000 | 67,787,000 | 62,421,000 | 71,372,000 | 80,899,000 | 84,160,000 | 75,896,000 | 69,780,000 | 75,004,000 | 66,696,000 | 60,685,000 | 57,776,000 | 58,023,000 | 57,023,000 | 60,640,000 | 58,092,000 | 56,646,000 | 52,953,000 | 57,242,000 | 59,365,000 | 85,639,000 | 82,173,000 | 80,957,000 | 51,327,000 | 38,951,000 | 43,493,000 | 55,902,000 | 58,480,000 | 45,088,000 | 58,256,000 | 38,139,000 | 39,097,000 | 46,101,000 | 39,511,000 | 38,277,000 | 39,248,000 | 33,617,000 | 35,066,000 | 22,687,000 | 22,553,000 | 17,105,000 | 16,520,000 | 14,668,000 | 12,163,000 | 18,731,000 | 16,426,000 | 19,002,000 | 15,110,000 | 13,173,000 |
total current assets | 1,159,831,000 | 1,185,033,000 | 1,102,280,000 | 1,068,559,000 | 1,175,478,000 | 1,135,161,000 | 1,195,571,000 | 1,168,656,000 | 1,200,366,000 | 1,211,759,000 | 1,126,382,000 | 1,052,255,000 | 1,015,331,000 | 1,003,865,000 | 978,591,000 | 963,143,000 | 958,517,000 | 1,047,971,000 | 1,060,719,000 | 1,078,314,000 | 1,368,013,000 | 917,579,000 | 958,533,000 | 1,054,264,000 | 1,118,252,000 | 1,096,489,000 | 1,054,520,000 | 1,035,332,000 | 1,056,654,000 | 890,764,000 | 603,645,000 | 609,588,000 | 578,746,000 | 620,533,000 | 598,007,000 | 670,980,000 | 676,626,000 | 723,560,000 | 661,405,000 | 535,183,000 | 567,171,000 | 596,256,000 | 529,329,000 | 496,549,000 | 422,705,000 | 408,780,000 | 425,915,000 | 391,561,000 | 353,774,000 | 279,511,000 | 267,343,000 | 249,592,000 | |||
property and equipment | 6,360,383,000 | 6,327,529,000 | 6,310,311,000 | 5,880,403,000 | 5,710,443,000 | 5,580,411,000 | 5,532,952,000 | 5,434,740,000 | 5,416,559,000 | 5,391,988,000 | 5,385,478,000 | 5,593,651,000 | 5,585,574,000 | 5,629,361,000 | 5,611,184,000 | 5,366,596,000 | 5,311,754,000 | 5,304,058,000 | 5,265,021,000 | 5,056,335,000 | 5,007,375,000 | 4,860,841,000 | 4,583,442,000 | 4,359,359,000 | 4,360,892,000 | 4,304,269,000 | 4,259,895,000 | 4,108,140,000 | 4,004,022,000 | 3,942,527,000 | 3,853,292,000 | 3,515,989,000 | 3,340,165,000 | 3,332,462,000 | 2,562,961,000 | 2,016,032,000 | 1,932,650,000 | 1,842,070,000 | 1,811,434,000 | 990,932,000 | |||||||||||||||
accumulated depreciation | -2,238,318,000 | -2,192,479,000 | -2,161,012,000 | -1,997,082,000 | -1,928,319,000 | -1,882,472,000 | -1,867,442,000 | -1,818,681,000 | -1,794,050,000 | -1,763,907,000 | -1,731,674,000 | -1,714,336,000 | -1,680,231,000 | -1,730,845,000 | -1,704,301,000 | -1,698,330,000 | -1,671,217,000 | -1,635,159,000 | -1,589,812,000 | -1,546,980,000 | -1,518,022,000 | -1,507,640,000 | 1,472,022,000 | 903,948,000 | 796,095,000 | 744,150,000 | 664,643,000 | 583,832,000 | 514,074,000 | 458,778,000 | 406,253,000 | 354,411,000 | |||||||||||||||||||||||
property and equipment – net | 4,122,065,000 | 4,135,050,000 | 4,149,299,000 | 3,883,321,000 | 3,782,124,000 | 3,697,939,000 | 3,665,510,000 | 3,640,690,000 | 3,652,652,000 | 3,660,314,000 | 3,705,247,000 | 3,862,806,000 | 3,881,273,000 | 3,958,144,000 | 3,976,025,000 | 3,776,784,000 | 3,793,732,000 | 3,796,418,000 | 3,792,440,000 | 3,561,500,000 | 3,549,066,000 | 3,443,868,000 | 3,096,110,000 | 2,889,007,000 | 2,915,997,000 | 2,918,915,000 | 2,917,250,000 | 2,783,513,000 | 2,754,361,000 | 2,731,659,000 | 2,683,032,000 | 2,452,075,000 | 2,367,048,000 | 2,383,963,000 | 1,176,746,000 | 1,117,694,000 | |||||||||||||||||||
operating lease right-of-use assets | 181,407,000 | 157,041,000 | 157,903,000 | 158,990,000 | 149,412,000 | 152,216,000 | 155,098,000 | 152,504,000 | 155,306,000 | 154,507,000 | 153,723,000 | 159,968,000 | 164,986,000 | 167,730,000 | 159,627,000 | 164,911,000 | 172,198,000 | 174,317,000 | 178,714,000 | 183,048,000 | 157,333,000 | 159,641,000 | 156,798,000 | 158,917,000 | 159,704,000 | ||||||||||||||||||||||||||||||
goodwill | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 438,748,000 | 657,800,000 | 657,800,000 | 657,800,000 | 657,800,000 | 657,832,000 | 704,098,000 | 953,826,000 | 953,826,000 | 953,826,000 | 953,826,000 | 953,826,000 | 960,006,000 | 961,745,000 | 935,755,000 | 919,276,000 | 598,131,000 | 598,131,000 | 587,703,000 | 587,703,000 | 586,718,000 | 588,241,000 | 591,405,000 | 591,405,000 | 591,405,000 | 591,362,000 | 599,001,000 | ||||||||||||||
other intangibles | 30,956,000 | 33,123,000 | 32,275,000 | 34,406,000 | 40,797,000 | 42,927,000 | 45,058,000 | 47,188,000 | 49,325,000 | 51,463,000 | 53,615,000 | 55,770,000 | 57,934,000 | 60,070,000 | 62,233,000 | 64,397,000 | 66,646,000 | 68,979,000 | 71,313,000 | 73,556,000 | 73,694,000 | 210,682,000 | 210,173,000 | 214,972,000 | 224,197,000 | 228,958,000 | |||||||||||||||||||||||||||||
other assets | 130,552,000 | 130,970,000 | 134,096,000 | 125,383,000 | 88,081,000 | 89,464,000 | 66,281,000 | 69,544,000 | 65,493,000 | 62,814,000 | 43,140,000 | 45,763,000 | 45,479,000 | 48,001,000 | 45,436,000 | 54,758,000 | 51,652,000 | 55,348,000 | 54,430,000 | 48,236,000 | 57,655,000 | 58,234,000 | 54,823,000 | 54,493,000 | 56,774,000 | 54,785,000 | 49,348,000 | 49,159,000 | 50,208,000 | 294,265,000 | 134,573,000 | 133,576,000 | 138,463,000 | 143,329,000 | 140,748,000 | 152,357,000 | 154,813,000 | 153,897,000 | 162,995,000 | 167,719,000 | 174,174,000 | 143,869,000 | 121,759,000 | 126,866,000 | 95,364,000 | 21,429,000 | 18,652,000 | 20,312,000 | 20,691,000 | 22,825,000 | 25,821,000 | 29,225,000 | 24,384,000 | 17,968,000 | 20,782,000 |
total assets | 6,063,559,000 | 6,079,965,000 | 6,014,601,000 | 5,851,952,000 | 5,775,837,000 | 5,722,197,000 | 5,682,880,000 | 5,574,579,000 | 5,574,748,000 | 5,554,924,000 | 5,456,298,000 | 5,405,156,000 | 5,382,792,000 | 5,399,063,000 | 5,389,882,000 | 5,767,815,000 | 5,788,086,000 | 5,924,174,000 | 5,981,120,000 | 6,017,011,000 | 6,137,577,000 | 6,079,097,000 | 6,127,885,000 | 6,232,890,000 | 6,300,692,000 | 5,871,594,000 | 5,854,332,000 | 5,829,276,000 | 5,714,500,000 | 5,200,415,000 | 4,225,356,000 | 4,257,292,000 | 4,223,827,000 | 4,268,815,000 | 4,108,986,000 | 4,165,939,000 | 4,154,503,000 | 4,151,894,000 | 3,867,880,000 | 3,661,312,000 | 3,724,309,000 | 3,653,128,000 | 2,960,411,000 | 2,866,506,000 | 2,121,721,000 | 1,844,092,000 | 1,794,937,000 | 1,758,440,000 | 1,705,629,000 | 1,526,098,000 | |||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank notes payable | 7,283,000 | 6,433,000 | 7,337,000 | 8,226,000 | 8,643,000 | 8,068,000 | 9,608,000 | 7,447,000 | 3,983,000 | 3,292,000 | 3,599,000 | 4,206,000 | 3,097,000 | 1,934,000 | 1,983,000 | 1,417,000 | 434,000 | 40,000 | 155,000 | 7,000 | 17,000 | 16,000 | 15,000 | 11,000 | 17,000 | 19,000 | 508,000 | 17,000 | 27,000 | 899,000 | |||||||||||||||||||||||||
income taxes payable | 587,000 | 778,000 | 21,927,000 | 25,417,000 | 11,252,000 | 1,486,000 | 2,247,000 | 1,106,000 | 323,000 | 93,000 | 499,000 | 497,000 | 489,000 | 474,000 | 459,000 | 694,000 | 698,000 | 665,000 | 1,196,000 | 312,000 | 1,441,000 | 2,794,000 | 3,765,000 | 2,875,000 | 1,936,000 | 1,434,000 | 390,000 | 6,393,000 | 126,000 | 3,173,000 | 3,169,000 | 1,669,000 | 1,106,000 | 14,894,000 | 1,489,000 | 11,391,000 | 4,107,000 | 2,369,000 | 4,124,000 | 7,805,000 | 6,486,000 | 4,966,000 | 3,065,000 | 4,943,000 | 3,858,000 | 4,755,000 | 9,182,000 | 3,016,000 | 2,669,000 | 986,000 | 897,000 | ||||
accounts payable | 222,688,000 | 250,055,000 | 272,163,000 | 251,354,000 | 249,644,000 | 269,378,000 | 258,126,000 | 279,519,000 | 278,467,000 | 278,081,000 | 241,623,000 | 234,640,000 | 218,907,000 | 199,088,000 | 181,313,000 | 188,724,000 | 175,890,000 | 162,507,000 | 156,950,000 | 177,290,000 | 227,020,000 | 206,778,000 | 212,279,000 | 212,147,000 | 275,570,000 | 278,057,000 | 250,681,000 | 263,470,000 | 251,916,000 | 214,109,000 | 142,371,000 | 144,477,000 | 117,942,000 | 134,480,000 | 125,814,000 | 158,154,000 | 162,426,000 | 166,629,000 | 209,021,000 | 156,260,000 | 165,502,000 | 156,763,000 | 158,855,000 | 148,988,000 | 123,778,000 | 81,917,000 | 71,354,000 | 62,066,000 | 64,372,000 | 78,020,000 | 100,908,000 | 88,213,000 | 68,895,000 | 41,916,000 | 41,577,000 |
accrued liabilities | 219,581,000 | 203,523,000 | 190,412,000 | 194,819,000 | 199,124,000 | 205,254,000 | 173,992,000 | 209,724,000 | 198,191,000 | 188,302,000 | 228,375,000 | 231,603,000 | 198,487,000 | 228,764,000 | 230,296,000 | 205,667,000 | 225,402,000 | 225,232,000 | 204,724,000 | 237,129,000 | 228,791,000 | 196,063,000 | 203,826,000 | 170,896,000 | 154,143,000 | 164,277,000 | 173,039,000 | 164,025,000 | 191,097,000 | 180,946,000 | 181,019,000 | 193,217,000 | 121,728,000 | 121,973,000 | 113,065,000 | 71,633,000 | 61,081,000 | 70,738,000 | 60,856,000 | ||||||||||||||||
current portion of operating lease liabilities | 44,322,000 | 37,985,000 | 35,417,000 | 35,727,000 | 32,601,000 | 33,340,000 | 32,170,000 | 33,134,000 | 32,885,000 | 36,444,000 | 33,495,000 | 34,667,000 | 34,454,000 | 33,902,000 | 32,813,000 | 31,963,000 | 32,722,000 | 32,750,000 | 32,545,000 | 33,761,000 | 25,903,000 | 27,324,000 | 29,001,000 | 29,422,000 | 28,586,000 | ||||||||||||||||||||||||||||||
deferred revenues | 189,309,000 | 180,683,000 | 171,327,000 | 177,216,000 | 153,435,000 | 134,577,000 | 134,577,000 | 130,943,000 | 124,355,000 | 119,305,000 | 82,120,000 | 69,668,000 | 68,982,000 | 72,770,000 | 67,214,000 | 44,018,000 | 45,421,000 | 45,406,000 | 31,192,000 | 36,648,000 | 37,027,000 | 42,982,000 | 49,098,000 | 58,909,000 | 72,386,000 | 80,123,000 | 75,843,000 | 61,165,000 | 81,216,000 | 40,421,000 | 28,337,000 | 28,523,000 | 35,220,000 | 33,757,000 | 34,574,000 | 39,422,000 | 43,311,000 | 47,540,000 | 66,784,000 | 35,872,000 | 31,506,000 | 16,857,000 | 39,554,000 | 30,919,000 | 37,175,000 | 9,558,000 | 11,633,000 | 14,314,000 | 10,289,000 | 7,006,000 | 6,771,000 | 5,012,000 | 6,589,000 | 8,284,000 | 5,444,000 |
total current liabilities | 683,770,000 | 679,457,000 | 698,583,000 | 734,753,000 | 650,394,000 | 675,795,000 | 635,852,000 | 656,297,000 | 614,788,000 | 642,197,000 | 570,561,000 | 541,372,000 | 513,835,000 | 543,772,000 | 512,197,000 | 498,222,000 | 453,443,000 | 466,032,000 | 450,065,000 | 478,696,000 | 496,332,000 | 514,115,000 | 516,991,000 | 526,033,000 | 582,724,000 | 607,782,000 | 567,926,000 | 556,318,000 | 531,158,000 | 462,190,000 | 341,994,000 | 333,536,000 | 317,565,000 | 344,449,000 | 327,582,000 | 390,342,000 | 387,789,000 | 410,082,000 | 470,511,000 | 325,251,000 | 401,088,000 | 355,020,000 | 358,800,000 | 333,348,000 | 239,143,000 | 157,642,000 | 160,259,000 | 152,088,000 | 139,408,000 | 173,066,000 | 191,420,000 | 166,867,000 | |||
long-term debt, net – less current portion | 1,041,632,000 | 1,111,332,000 | 1,091,032,000 | 1,051,822,000 | 1,058,248,000 | 990,954,000 | 1,075,658,000 | 1,114,860,000 | 1,131,849,000 | 1,151,638,000 | 1,206,193,000 | 1,274,262,000 | 1,348,904,000 | 1,578,189,000 | 1,642,832,000 | 1,702,476,000 | 1,434,417,000 | 1,594,695,000 | 1,667,457,000 | ||||||||||||||||||||||||||||||||||||
deferred income taxes | 805,006,000 | 747,060,000 | 741,417,000 | 739,472,000 | 705,834,000 | 696,557,000 | 672,711,000 | 656,528,000 | 638,438,000 | 625,884,000 | 604,596,000 | 590,876,000 | 580,014,000 | 574,152,000 | 552,913,000 | 612,682,000 | 606,561,000 | 606,844,000 | 591,346,000 | 568,816,000 | 582,150,000 | 588,204,000 | 585,507,000 | 570,954,000 | 555,414,000 | 542,785,000 | 544,882,000 | 531,284,000 | 517,421,000 | 756,268,000 | 741,821,000 | 722,963,000 | 11,263,000 | 11,302,000 | 11,188,000 | 12,511,000 | 12,844,000 | 11,831,000 | 9,592,000 | 9,991,000 | 6,464,000 | 12,296,000 | 14,186,000 | 11,434,000 | 8,778,000 | 6,308,000 | 6,418,000 | 6,447,000 | 7,406,000 | 9,997,000 | 6,529,000 | 5,077,000 | 3,770,000 | 2,167,000 | 2,619,000 |
operating lease liabilities – less current portion | 159,261,000 | 142,105,000 | 146,250,000 | 136,980,000 | 142,237,000 | 142,470,000 | 146,445,000 | 144,201,000 | 150,355,000 | 156,271,000 | 152,615,000 | 153,457,000 | 161,133,000 | 167,884,000 | 171,629,000 | 138,884,000 | |||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 10,649,000 | 10,121,000 | 9,565,000 | 9,587,000 | 14,066,000 | 15,830,000 | 15,750,000 | 15,521,000 | 14,279,000 | 23,209,000 | 46,717,000 | 60,960,000 | 69,169,000 | 71,252,000 | 119,740,000 | 123,863,000 | 129,301,000 | 131,703,000 | 115,269,000 | 103,054,000 | 93,208,000 | 95,978,000 | 81,455,000 | 82,066,000 | 90,497,000 | 94,557,000 | 108,953,000 | 111,470,000 | 100,786,000 | 74,801,000 | 72,618,000 | 92,568,000 | 78,994,000 | 77,483,000 | 68,193,000 | 91,151,000 | 88,506,000 | 88,084,000 | 14,946,000 | 77,858,000 | 75,936,000 | 94,848,000 | 92,098,000 | 70,830,000 | 61,111,000 | 42,646,000 | 43,758,000 | 56,265,000 | 53,275,000 | 67,845,000 | 39,334,000 | 33,778,000 | 18,310,000 | 21,444,000 | 19,854,000 |
total long-term liabilities | 2,016,548,000 | 2,010,618,000 | 1,988,264,000 | 1,763,951,000 | 1,908,702,000 | 1,859,725,000 | 1,888,946,000 | 1,805,473,000 | 1,874,820,000 | 1,867,559,000 | 1,910,374,000 | 1,934,040,000 | 1,957,092,000 | 1,966,509,000 | 2,031,461,000 | 2,164,264,000 | 2,245,899,000 | 2,370,589,000 | 2,452,688,000 | 2,486,331,000 | 2,516,718,000 | 2,193,390,000 | 2,236,396,000 | 2,384,685,000 | 2,452,560,000 | 2,047,511,000 | 2,053,258,000 | 2,085,267,000 | 2,041,474,000 | 1,862,097,000 | 1,405,974,000 | 1,490,083,000 | 1,519,513,000 | 1,573,687,000 | 1,464,744,000 | 1,521,919,000 | 1,510,871,000 | 1,511,891,000 | 1,223,255,000 | 1,423,806,000 | 1,487,061,000 | 1,591,054,000 | 1,147,453,000 | 1,115,401,000 | 639,737,000 | 488,736,000 | 475,539,000 | 480,621,000 | 453,607,000 | 462,979,000 | |||||
contingencies and commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
kirby stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 6,547,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,978,000 | 5,928,000 | 5,928,000 | 5,734,000 | 5,734,000 | 5,734,000 | 5,734,000 | 5,734,000 | 5,734,000 | 5,734,000 | 3,091,000 | 3,091,000 | 3,091,000 | |
additional paid-in capital | 870,520,000 | 867,143,000 | 865,007,000 | 868,763,000 | 859,150,000 | 863,963,000 | 861,928,000 | 857,965,000 | 856,680,000 | 859,345,000 | 857,674,000 | 854,781,000 | 853,610,000 | 854,512,000 | 851,587,000 | 848,081,000 | 846,259,000 | 844,979,000 | 842,301,000 | 838,874,000 | 837,879,000 | 835,899,000 | 832,892,000 | 829,460,000 | 827,497,000 | 823,347,000 | 820,805,000 | 817,609,000 | 810,381,000 | 799,714,000 | 429,797,000 | 428,046,000 | 430,479,000 | 427,173,000 | 428,836,000 | 432,132,000 | 428,835,000 | 426,648,000 | 421,908,000 | 406,427,000 | 401,826,000 | 397,785,000 | 357,294,000 | 353,348,000 | 238,238,000 | 236,104,000 | 237,014,000 | 234,791,000 | 232,864,000 | 225,718,000 | 211,983,000 | 208,032,000 | 204,453,000 | 185,123,000 | 178,720,000 |
accumulated other comprehensive income – net | 63,988,000 | 65,612,000 | 69,633,000 | 34,611,000 | 19,078,000 | 18,996,000 | 17,017,000 | -13,455,000 | -21,957,000 | -25,477,000 | -54,663,000 | -57,683,000 | -61,204,000 | -45,635,000 | -41,117,000 | -38,991,000 | -27,413,000 | -26,967,000 | -32,971,000 | -39,544,000 | -39,922,000 | -39,480,000 | -35,778,000 | -36,121,000 | -50,261,000 | -46,451,000 | -47,186,000 | -44,037,000 | -56,316,000 | -57,439,000 | -60,026,000 | -16,249,000 | -57,188,000 | -58,237,000 | -29,718,000 | -31,917,000 | -32,426,000 | -35,705,000 | -34,812,000 | ||||||||||||||||
retained earnings | 3,241,131,000 | 3,148,635,000 | 3,054,358,000 | 2,978,372,000 | 2,761,733,000 | 2,691,665,000 | 2,629,759,000 | 2,566,795,000 | 2,509,428,000 | 2,468,730,000 | 2,431,421,000 | 2,392,330,000 | 2,363,873,000 | 2,346,439,000 | 2,335,478,000 | 2,600,208,000 | 2,590,018,000 | 2,593,393,000 | 2,571,189,000 | 2,543,700,000 | 2,617,471,000 | 2,865,939,000 | 2,863,162,000 | 2,815,175,000 | 2,767,888,000 | 2,723,592,000 | 2,748,029,000 | 2,706,213,000 | 2,677,611,000 | 2,415,618,000 | 2,387,011,000 | 2,361,233,000 | 2,309,881,000 | 2,277,871,000 | 2,238,929,000 | 2,150,142,000 | 2,093,299,000 | 2,035,224,000 | 1,829,378,000 | 1,627,873,000 | 1,558,750,000 | 1,439,079,000 | 1,229,641,000 | 1,173,471,000 | 1,120,737,000 | 1,079,045,000 | 1,046,615,000 | 1,014,995,000 | 984,308,000 | 804,425,000 | 647,692,000 | 524,351,000 | 428,900,000 | 360,119,000 | 310,575,000 |
treasury stock | -821,007,000 | -699,867,000 | -669,510,000 | -573,061,000 | -446,393,000 | -411,750,000 | -360,420,000 | -339,659,000 | -306,746,000 | -308,598,000 | -309,130,000 | -304,314,000 | -289,098,000 | -295,208,000 | -295,203,000 | -295,463,000 | -296,353,000 | -299,161,000 | -299,139,000 | -299,124,000 | -301,424,000 | -301,963,000 | -303,667,000 | -305,061,000 | -306,625,000 | -306,788,000 | -305,926,000 | -306,097,000 | -316,564,000 | -313,423,000 | -312,771,000 | -314,826,000 | -320,364,000 | -320,301,000 | -323,308,000 | -289,165,000 | -225,636,000 | -188,704,000 | -78,147,000 | -82,203,000 | -83,596,000 | -86,747,000 | -94,162,000 | -96,882,000 | -97,179,000 | -99,622,000 | -97,293,000 | -78,585,000 | -90,777,000 | ||||||
total kirby stockholders’ equity | 3,361,179,000 | 3,388,070,000 | 3,326,035,000 | 3,351,813,000 | 3,215,648,000 | 3,185,431,000 | 3,156,892,000 | 3,110,644,000 | 3,082,926,000 | 3,042,877,000 | 2,973,057,000 | 2,927,387,000 | 2,909,455,000 | 2,886,324,000 | 2,843,746,000 | 3,101,690,000 | 3,085,267,000 | 3,084,306,000 | 3,075,263,000 | 3,048,880,000 | 3,121,482,000 | 3,368,623,000 | 3,371,521,000 | 3,319,154,000 | 3,262,336,000 | 3,213,187,000 | 3,229,911,000 | 3,184,350,000 | 3,138,495,000 | 2,872,678,000 | 2,473,894,000 | 2,430,170,000 | 2,379,523,000 | 2,343,535,000 | 2,306,398,000 | 2,242,771,000 | 2,245,037,000 | 2,219,120,000 | 2,162,868,000 | 1,900,887,000 | 1,824,721,000 | 1,694,968,000 | 1,442,525,000 | 1,406,147,000 | 1,235,613,000 | 1,190,623,000 | 1,156,099,000 | 1,122,522,000 | 1,109,509,000 | ||||||
noncontrolling interests | 2,062,000 | 1,820,000 | 1,719,000 | 1,435,000 | 1,093,000 | 1,246,000 | 1,190,000 | 2,165,000 | 2,214,000 | 2,291,000 | 2,306,000 | 2,357,000 | 2,410,000 | 2,458,000 | 2,478,000 | 3,639,000 | 3,477,000 | 3,247,000 | 3,104,000 | 3,104,000 | 3,045,000 | 2,969,000 | 2,977,000 | 3,018,000 | 3,072,000 | 3,114,000 | 3,237,000 | 3,341,000 | 3,373,000 | 3,450,000 | 3,494,000 | 3,503,000 | 7,226,000 | 7,144,000 | 10,262,000 | 10,907,000 | 10,806,000 | 10,801,000 | 11,246,000 | 11,368,000 | 11,439,000 | 12,086,000 | 11,633,000 | 11,610,000 | 7,228,000 | 7,091,000 | 3,040,000 | 3,209,000 | 3,105,000 | ||||||
total equity | 3,363,241,000 | 3,389,890,000 | 3,327,754,000 | 3,353,248,000 | 3,216,741,000 | 3,186,677,000 | 3,158,082,000 | 3,112,809,000 | 3,085,140,000 | 3,045,168,000 | 2,975,363,000 | 2,929,744,000 | 2,911,865,000 | 2,888,782,000 | 2,846,224,000 | 3,105,329,000 | 3,088,744,000 | 3,087,553,000 | 3,078,367,000 | 3,051,984,000 | 3,124,527,000 | 3,371,592,000 | 3,374,498,000 | 3,322,172,000 | 3,265,408,000 | 3,216,301,000 | 3,233,148,000 | 3,187,691,000 | 3,141,868,000 | 2,876,128,000 | 2,477,388,000 | 2,433,673,000 | 2,386,749,000 | 2,350,679,000 | 2,316,660,000 | 2,253,678,000 | 2,255,843,000 | 2,229,921,000 | 2,174,114,000 | 1,912,255,000 | 1,836,160,000 | 1,707,054,000 | 1,454,158,000 | 1,417,757,000 | 1,242,841,000 | 1,197,714,000 | 1,159,139,000 | 1,125,731,000 | 1,112,614,000 | ||||||
total liabilities and equity | 6,063,559,000 | 6,079,965,000 | 6,014,601,000 | 5,851,952,000 | 5,775,837,000 | 5,722,197,000 | 5,682,880,000 | 5,574,579,000 | 5,574,748,000 | 5,554,924,000 | 5,456,298,000 | 5,405,156,000 | 5,382,792,000 | 5,399,063,000 | 5,389,882,000 | 5,767,815,000 | 5,788,086,000 | 5,924,174,000 | 5,981,120,000 | 6,017,011,000 | 6,137,577,000 | 6,079,097,000 | 6,127,885,000 | 6,232,890,000 | 6,300,692,000 | 5,871,594,000 | 5,854,332,000 | 5,829,276,000 | 5,714,500,000 | 5,200,415,000 | 4,225,356,000 | 4,257,292,000 | 4,223,827,000 | 4,268,815,000 | 4,108,986,000 | 4,165,939,000 | 4,154,503,000 | 4,151,894,000 | 3,867,880,000 | 3,661,312,000 | 3,724,309,000 | 3,653,128,000 | 2,960,411,000 | 2,866,506,000 | 2,121,721,000 | 1,844,092,000 | 1,794,937,000 | 1,758,440,000 | 1,705,629,000 | ||||||
trade — less allowance for doubtful accounts of 7,321 | 489,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories — net | 393,898,000 | 454,389,000 | 461,848,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment — net | 4,022,966,000 | 3,861,105,000 | 3,633,462,000 | 3,678,515,000 | 3,917,070,000 | 3,777,110,000 | 3,539,802,000 | 2,315,165,000 | 1,822,173,000 | 1,118,161,000 | |||||||||||||||||||||||||||||||||||||||||||||
investment in affiliates | 2,900,000 | 2,576,000 | 2,171,000 | 2,134,000 | 2,689,000 | 2,025,000 | 2,495,000 | 2,182,000 | 1,851,000 | 1,808,000 | 3,682,000 | 3,336,000 | |||||||||||||||||||||||||||||||||||||||||||
accrued liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 11,975,000 | 13,114,000 | 11,630,000 | 11,379,000 | 11,272,000 | 12,700,000 | 13,171,000 | 1,628,000 | 1,168,000 | 1,006,000 | 1,008,000 | 1,200,000 | 1,342,000 | ||||||||||||||||||||||||||||||||||||||||||
insurance premiums and claims | 88,432,000 | 84,825,000 | 65,088,000 | 111,117,000 | 111,359,000 | 108,405,000 | 109,634,000 | 44,589,000 | 45,817,000 | 24,416,000 | 25,796,000 | 21,360,000 | 20,775,000 | ||||||||||||||||||||||||||||||||||||||||||
employee compensation | 68,298,000 | 69,075,000 | 55,851,000 | 39,331,000 | 32,918,000 | 42,875,000 | 53,089,000 | 39,561,000 | 42,706,000 | 30,582,000 | 36,957,000 | 34,439,000 | 26,565,000 | ||||||||||||||||||||||||||||||||||||||||||
taxes — other than on income | 35,854,000 | 31,555,000 | 30,169,000 | 44,740,000 | 44,366,000 | 39,286,000 | 38,680,000 | 10,760,000 | 9,972,000 | 7,550,000 | 7,300,000 | 6,789,000 | 6,167,000 | ||||||||||||||||||||||||||||||||||||||||||
long-term debt, net — less current portion | 866,722,000 | 1,008,527,000 | 1,076,326,000 | 1,161,433,000 | 1,468,546,000 | 1,369,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities — less current portion | 148,170,000 | 138,811,000 | 142,140,000 | 159,672,000 | 163,496,000 | 139,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income — net | 71,192,000 | 35,006,000 | 16,853,000 | -25,966,000 | -61,452,000 | -37,799,000 | -33,511,000 | -61,127,000 | -56,176,000 | -33,642,000 | -55,047,000 | -22,522,000 | -23,087,000 | -2,028,000 | |||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 7,636 | 526,691,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 7,684 | 483,406,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
marine transportation equipment | 4,837,379,000 | 4,789,994,000 | 4,999,777,000 | 4,770,213,000 | 4,477,718,000 | 3,029,219,000 | 2,466,506,000 | 1,748,488,000 | 1,550,547,000 | 1,391,613,000 | 1,190,163,000 | ||||||||||||||||||||||||||||||||||||||||||||
land, buildings and equipment | 614,764,000 | 602,857,000 | 615,623,000 | 553,877,000 | 534,106,000 | 189,894,000 | 151,762,000 | 113,823,000 | 105,028,000 | 98,317,000 | 90,517,000 | 73,562,000 | 71,119,000 | 66,545,000 | |||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 8,177 | 417,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories — at lower of average cost or net realizable value | 331,350,000 | 309,675,000 | 351,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 8,807 | 315,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 8,372 | 379,174,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 135,017,000 | 136,970,000 | 139,192,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation | -1,472,581,000 | -1,494,835,000 | -1,458,309,000 | -1,416,973,000 | -1,487,332,000 | -1,470,352,000 | -1,444,895,000 | -1,385,354,000 | -1,342,645,000 | -1,324,627,000 | -1,249,661,000 | -1,210,868,000 | -1,170,260,000 | -1,063,914,000 | -973,117,000 | -948,499,000 | -798,793,000 | -781,707,000 | -755,904,000 | -724,376,000 | -709,143,000 | ||||||||||||||||||||||||||||||||||
other intangibles – net | 219,696,000 | 228,958,000 | 233,974,000 | 228,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 10,024 | 417,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories — at lower of average cost or market | 507,441,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt — less current portion | 1,410,169,000 | 1,070,110,000 | 763,000,000 | 200,006,000 | 246,064,000 | 296,015,000 | 309,518,000 | 200,032,000 | 217,436,000 | 255,040,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term debt – less current portion | 1,399,423,000 | 1,442,513,000 | 1,423,267,000 | 1,031,028,000 | 591,535,000 | 674,552,000 | 726,004,000 | 798,687,000 | 712,163,000 | 810,448,000 | 808,300,000 | 818,900,000 | 649,300,000 | 860,930,000 | 943,240,000 | 764,311,000 | 319,703,000 | 200,004,000 | 200,124,000 | 200,157,000 | |||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
marine transportation | 382,040,000 | 318,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution and services | 322,805,000 | 222,464,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 704,845,000 | 541,274,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs of sales and operating expenses | 498,421,000 | 378,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 70,032,000 | 51,689,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes, other than on income | 10,523,000 | 6,518,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 57,930,000 | 51,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of assets | -18,000 | 159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 636,888,000 | 487,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 67,957,000 | 53,362,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 1,454,000 | -113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -12,345,000 | -5,388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before taxes on income | 57,066,000 | 47,861,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from taxes on income | -15,116,000 | -19,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 41,950,000 | 28,789,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net earnings attributable to noncontrolling interests | -134,000 | -182,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings attributable to kirby | 41,816,000 | 28,607,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to kirby common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 700 | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 700 | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement benefits | 438,000 | 507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | -60,000 | -164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification to retained earnings of stranded tax effects from tax reform | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income, net of taxes | 378,000 | 343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income, net of taxes | 42,328,000 | 29,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings attributable to noncontrolling interests | -134,000 | -182,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to kirby | 42,194,000 | 28,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash from operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from deferred income taxes | 36,838,000 | 32,783,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of unearned share-based compensation | 16,649,000 | 8,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of major maintenance costs | 15,600,000 | 15,232,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 898,000 | 786,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash flows resulting from changes in operating assets and liabilities | -66,707,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 272,304,000 | 259,455,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -231,752,000 | -133,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses and marine equipment, net of cash acquired | -499,227,000 | -451,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of assets | 27,806,000 | 29,743,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -703,173,000 | -554,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (payments) on bank credit facilities | -88,392,000 | 297,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (payments) on long-term debt | 499,295,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt issue costs | -4,276,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 13,264,000 | 2,076,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to tax withholding for share-based compensation | -4,821,000 | -2,899,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 414,384,000 | 294,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -16,485,000 | -808,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 20,102,000 | 5,634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 3,617,000 | 4,826,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 37,175,000 | 18,390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures included in accounts payable | -5,554,000 | 8,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock issued in acquisition | 366,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in acquisition | 2,313,000 | 98,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
debt assumed in acquisition | 13,724,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
basis for preparation of the condensed financial statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounting standards adoptions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
statements of earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution and services revenues | 322,805,000 | 222,464,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
statements of comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
statements of cash flows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade receivables | 400,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
marine transportation segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
inland transportation | 288,573,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
coastal transportation | 93,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution and services segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas | 201,475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial and industrial | 121,330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 2,313,000 | 98,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 27,527,000 | 97,891,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 119,357,000 | 139,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets acquired | 421,922,000 | 744,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
finished goods | 336,703,000 | 280,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
work in process | 116,470,000 | 43,010,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value measurements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 10,634,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock award plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation cost | 3,098,000 | 3,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 709,000 | 1,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at december 31, 2017 | 654,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
granted | 115,797,000 | 123,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
exercised | -283,886,000 | -21,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
forfeited | -21,864,000 | -17,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at september 30, 2018 | 464,702,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
range of exercise prices | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
51.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
64.65 - 68.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
70.65 - 75.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
93.64 - 101.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
51.23 - 101.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonvested balance at december 31, 2017 | 364,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
vested | -144,240,000 | -105,430,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
nonvested balance at september 30, 2018 | 215,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
29.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
41.24 – 56.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
61.89 – 62.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
70.65 – 99.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
29.60 – 99.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
average risk-free interest rate | 2,700 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
stock price volatility | 27,000 | 27,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
estimated option term | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of net actuarial loss | 580,000 | 822,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation | -60,000 | -164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 520,000 | 658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
actuarial gains | -609,000 | 22,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
adoption of asu 2018-02 – reclassification to retained earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
segment data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
segment profit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
general corporate expenses | -4,492,000 | -4,495,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
general corporate assets | 59,229,000 | 49,092,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes on income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before taxes on income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
united states | 57,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign | -914,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from taxes on income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current | 3,617,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred | 13,457,000 | 14,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
state and local: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign - current | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed earnings allocated to restricted shares | -166,000 | -213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income available to kirby common stockholders - basic | 41,650,000 | 28,394,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed earnings reallocated to restricted shares | -165,000 | -213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income available to kirby common stockholders - diluted | 41,651,000 | 28,394,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common stock issued and outstanding | 59,875,000 | 55,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average unvested restricted stock | -237,000 | -412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common stock outstanding - basic | 59,638,000 | 54,765,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock options and restricted stock units | 146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common stock outstanding - diluted | 59,784,000 | 54,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
components of net periodic benefit cost: | 2,018,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
service cost | 1,722,000 | 1,742,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
interest cost | 3,939,000 | 3,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
expected return on plan assets | -5,696,000 | -4,595,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of actuarial loss | 723,000 | 981,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net periodic benefit cost | 688,000 | 1,448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of actuarial gain | -149,000 | -166,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
item 2. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common stock - diluted | 59,784,000 | 54,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
marine transportation revenues | 382,040,000 | 318,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margins | 12,700 | 11,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
markets serviced | 2,018,000 | 2,017,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
petrochemicals | 57,000 | 56,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
black oil | 22,000 | 22,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
refined petroleum products | 18,000 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
agricultural chemicals | 3,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | 1,054,520,000 | 890,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | 567,926,000 | 462,190,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
item 3. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
item 4. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
item 1. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
item 1a. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
item 6. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.ins* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.sch* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.cal* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.def* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.lab* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.pre* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
* | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
kirby corporation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
by: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 1,501,000 | 78,000,000 | 65,000,000 | 39,005,000 | 32,571,000 | 71,000 | 120,000 | 128,000 | 27,000 | 33,000 | 1,243,000 | 1,368,000 | 844,000 | 4,000 | 1,304,000 | 225,000 | |||||||||||||||||||||||||||||||||||||||
increase in cash flows resulting from changes in operating assets and liabilities | -28,592,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on long-term debt | -1,065,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests | -7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 19,388,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of property transferred in acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash consideration paid | 377,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock consideration through issuance of company common stock | 366,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of consideration transferred | 744,521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at december 31, 2016 | 601,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at september 30, 2017 | 686,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
46.74 - 51.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
64.65 - 74.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
93.64 - 96.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
101.46 - 104.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
46.74 - 104.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonvested balance at december 31, 2016 | 377,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonvested balance at september 30, 2017 | 378,186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
actuarial losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before taxes on income – united states | 47,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
state and local | 1,323,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock options | 38,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
subsequent event | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
land-based | 80,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
marine | 13,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
power generation | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.1†* | 2,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
† | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
dated: november 8, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 4,720 | 313,182,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories — net, at lower of average cost or market | 177,397,000 | 130,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — net | 596,030,000 | 483,468,000 | 228,873,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 5,007 | 303,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment - net | 1,764,168,000 | 1,234,325,000 | 1,102,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill – net | 478,923,000 | 369,327,000 | 237,137,000 | 228,873,000 | 228,873,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
inventory – finished goods | 35,839,000 | 37,324,000 | 37,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
120,000,000 shares, issued 57,337,000 shares | 5,734,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,780,000 at december 31, 2010 | -97,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 4,000 | 146,359,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory — finished goods, at lower of average cost or market | 38,821,000 | 48,518,000 | 53,377,000 | 41,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1.00 par value per share. authorized 20,000,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 8,878 | 187,210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marine affiliates | 2,056,000 | 1,921,000 | 2,264,000 | 11,866,000 | 12,205,000 | 9,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566 in 2008 and 2007 | 230,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 3,502,000 | 2,977,000 | 3,018,000 | 3,088,000 | 2,840,000 | 2,933,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 890,053,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,526,098,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 2,016 | 175,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566 in 2007 and 2006 | 229,292,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less cost of 3,806,000 shares in treasury | 73,057,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade — less allowance for doubtful accounts of 1,978 | 162,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566 in 2006 and 2005 | 223,432,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned compensation | -5,060,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less cost of 4,354,000 shares in treasury | 83,035,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566 in 2005 and 2004 | 160,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less cost of 4,936,000 shares in treasury | 91,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566,000 in 2004 and 2003 | 160,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -5,672,000 | -5,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation | -2,255,000 | -1,003,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
less cost of 6,051,000 shares in treasury | 105,171,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 15,566,000 in 2003 and 2002 | 156,726,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less cost of 6,590,000 shares in treasury | 113,301,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.