Kirby Corporation
(NYSE:KEX)

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Wate...

Website: http://www.kirbycorp.com

Founded: 1969

Full Time Employees: 5,550

Sector: Industrials

Industry: Marine Shipping

Industrials

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	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	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2003-12-31

revenues:
marine transportation	497,183,000	481,653,000	484,941,000	492,562,000	476,149,000	466,776,000	486,054,000	484,808,000	475,412,000	452,595,000	429,885,000	426,962,000	412,495,000	422,736,000	433,040,000	405,655,000	355,536,000	350,566,000	338,514,000	332,887,000	300,951,000	299,419,000	320,602,000	380,987,000	403,257,000	402,010,000	412,665,000	404,286,000	368,121,000	1,482,760,960	382,040	378,163,000	340,403,000	1,408,574,190	318,810	331,265,000	343,652,000	356,216,000	359,031,000	378,303,000	378,343,000	418,343,000	425,053,000	419,905,000	448,744,000	456,745,000	435,771,000	436,181,000	423,868,000	418,518,000	380,970,000	349,771,000	342,195,000	335,957,000	335,112,000	351,206,000	266,612,000	241,677,000	232,443,000	232,785,000	230,256,000	219,562,000	216,904,000	227,467,000	217,906,000	219,021,000	265,461,000	286,880,000	281,906,000	261,228,000	248,695,000	241,329,000	229,745,000	209,065,000	202,665,000	211,080,000	204,088,000	189,383,000	125,052,750	172,259,000	170,742,000	157,210,000
distribution and services	346,916,000	370,122,000	386,220,000	362,893,000	309,510,000	335,539,000	345,095,000	339,582,000	332,610,000	346,581,000	334,887,000	350,286,000	337,949,000	307,429,000	312,803,000	292,309,000	255,246,000	240,700,000	260,406,000	226,737,000	195,899,000	190,337,000	175,965,000	160,172,000	240,669,000	253,917,000	254,144,000	366,756,000	376,500,000	1,487,231,195	322,805	424,508,000	401,285,000	55,616	222,464
total revenues	844,099,000	851,775,000	871,161,000	855,455,000	785,659,000	802,315,000	831,149,000	824,390,000	808,022,000	799,176,000	764,772,000	777,248,000	750,444,000	730,165,000	745,843,000	697,964,000	610,782,000	591,266,000	598,920,000	559,624,000	496,850,000	489,756,000	496,567,000	541,159,000	643,926,000	655,927,000	666,809,000	771,042,000	744,621,000	2,969,992,155	704,845	802,671,000	741,688,000	2,112,116,726	541,274	473,328,000	491,705,000	435,650,000	434,708,000	441,582,000	458,733,000	532,565,000	543,156,000	587,673,000	680,721,000	628,054,000	589,246,000	551,105,000	563,908,000	558,785,000	512,551,000	521,324,000	511,848,000	566,935,000	550,145,000	563,582,000	437,331,000	299,359,000	286,318,000	281,317,000	273,669,000	268,253,000	259,588,000	272,166,000	272,743,000	277,661,000	326,677,000	354,647,000	348,260,000
yoy	7.44%	6.16%	4.81%	3.77%	-2.77%	0.39%	8.68%	6.07%	7.67%	9.45%	2.54%	11.36%	22.87%	23.49%	24.53%	24.72%	22.93%	20.73%	20.61%	3.41%	-22.84%	-25.33%	-25.53%	-29.81%	-13.52%	-77.91%	94503.64%	-3.94%	0.40%	40.62%	30.22%	69.58%	50.84%	384.82%	-99.88%	7.19%	7.19%	-18.20%	-19.97%	-24.86%	-32.61%	-15.20%	-7.82%	6.64%	20.71%	12.40%	14.96%	5.71%	10.17%	-1.44%	-6.83%	-7.50%	17.04%	89.38%	92.14%	100.34%	59.80%	11.60%	10.30%	3.36%	0.34%	-3.39%	-20.54%	-23.26%	-21.68%
qoq	-0.90%	-2.23%	1.84%	8.88%	-2.08%	-3.47%	0.82%	2.03%	1.11%	4.50%	-1.61%	3.57%	2.78%	-2.10%	6.86%	14.27%	3.30%	-1.28%	7.02%	12.63%	1.45%	-1.37%	-8.24%	-15.96%	-1.83%	-1.63%	-13.52%	3.55%	-74.93%	421268.12%	-99.91%	8.22%	-64.88%	390112.12%	-99.89%	-3.74%	12.87%	0.22%	-1.56%	-3.74%	-13.86%	-1.95%	-7.58%	-13.67%	8.39%	6.59%	6.92%	-2.27%	0.92%	9.02%	-1.68%	1.85%	-9.72%	3.05%	-2.38%	28.87%	46.09%	4.55%	1.78%	2.79%	2.02%	3.34%	-4.62%	-0.21%	-1.77%	-15.00%	-7.89%	1.83%
costs and expenses:
costs of sales and operating expenses	558,529,000	560,436,000	580,491,000	563,238,000	512,336,000	543,350,000	552,091,000	554,232,000	550,681,000	561,732,000	530,541,000	546,069,000	542,080,000	534,069,000	552,392,000	523,862,000	450,618,000	433,923,000	446,519,000	409,479,000	363,040,000	342,947,000	340,764,000	373,539,000	453,568,000	471,382,000	458,514,000	563,495,000	536,655,000	2,160,447,579	498,421	588,628,000	553,317,000	1,409,283,660	378,340	324,540,000	345,296,000	278,977,000	282,168,000	276,897,000	288,910,000	333,115,000	343,745,000	384,781,000	457,177,000	403,460,000	383,229,000	344,396,000	369,587,000	369,274,000	334,397,000	344,990,000	345,916,000	384,359,000	369,512,000	378,520,000	294,909,000	185,499,000	177,328,000	172,029,000	168,927,000	164,952,000	150,843,000	157,186,000	160,710,000	169,094,000	193,830,000	220,875,000	220,259,000	208,346,000	192,882,000	186,338,000	180,608,000	175,599,000	159,954,000	169,407,000	157,595,000	144,378,000	136,796,000	130,265,000	128,267,000	119,927,000
gross profit	285,570,000	291,339,000	290,670,000	292,217,000	273,323,000	258,965,000	279,058,000	270,158,000	257,341,000	237,444,000	234,231,000	231,179,000	208,364,000	196,096,000	193,451,000	174,102,000	160,164,000	157,343,000	152,401,000	150,145,000	133,810,000	146,809,000	155,803,000	167,620,000	190,358,000	184,545,000	208,295,000	207,547,000	207,966,000	809,544,576	206,424	214,043,000	188,371,000	702,833,066	162,934	148,788,000	146,409,000	156,673,000	152,540,000	164,685,000	169,823,000	199,450,000	199,411,000	202,892,000	223,544,000	224,594,000	206,017,000	206,709,000	194,321,000	189,511,000	178,154,000	176,334,000	165,932,000	182,576,000	180,633,000	185,062,000	142,422,000	113,860,000	108,990,000	109,288,000	104,742,000	103,301,000	108,745,000	114,980,000	112,033,000	108,567,000	132,847,000	133,772,000	128,001,000
yoy	4.48%	12.50%	4.16%	8.17%	6.21%	9.06%	19.14%	16.86%	23.51%	21.09%	21.08%	32.78%	30.09%	24.63%	26.94%	15.96%	19.70%	7.18%	-2.18%	-10.43%	-29.71%	-20.45%	-25.20%	-19.24%	-8.47%	-77.20%	100806.39%	-3.03%	10.40%	15.18%	26.69%	43.86%	28.66%	348.60%	-99.89%	-9.65%	-13.79%	-21.45%	-23.50%	-18.83%	-24.03%	-11.20%	-3.21%	-1.85%	15.04%	18.51%	15.64%	17.23%	17.11%	3.80%	-1.37%	-4.72%	16.51%	60.35%	65.73%	69.33%	35.97%	10.22%	0.23%	-4.95%	-6.51%	-4.85%	-18.14%	-14.05%	-12.47%
qoq	-1.98%	0.23%	-0.53%	6.91%	5.54%	-7.20%	3.29%	4.98%	8.38%	1.37%	1.32%	10.95%	6.26%	1.37%	11.11%	8.70%	1.79%	3.24%	1.50%	12.21%	-8.85%	-5.77%	-7.05%	-11.94%	3.15%	-11.40%	0.36%	-0.20%	-74.31%	392075.61%	-99.90%	13.63%	-73.20%	431260.59%	-99.89%	1.62%	-6.55%	2.71%	-7.37%	-3.03%	-14.85%	0.02%	-1.72%	-9.24%	-0.47%	9.02%	-0.33%	6.38%	2.54%	6.37%	1.03%	6.27%	-9.12%	1.08%	-2.39%	29.94%	25.09%	4.47%	-0.27%	4.34%	1.39%	-5.01%	-5.42%	2.63%	3.19%	-18.28%	-0.69%	4.51%
gross margin %	33.83%	34.20%	33.37%	34.16%	34.79%	32.28%	33.57%	32.77%	31.85%	29.71%	30.63%	29.74%	27.77%	26.86%	25.94%	24.94%	26.22%	26.61%	25.45%	26.83%	26.93%	29.98%	31.38%	30.97%	29.56%	28.13%	31.24%	26.92%	27.93%	27.26%	29.29%	26.67%	25.40%	33.28%	30.10%	31.43%	29.78%	35.96%	35.09%	37.29%	37.02%	37.45%	36.71%	34.52%	32.84%	35.76%	34.96%	37.51%	34.46%	33.91%	34.76%	33.82%	32.42%	32.20%	32.83%	32.84%	32.57%	38.03%	38.07%	38.85%	38.27%	38.51%	41.89%	42.25%	41.08%	39.10%	40.67%	37.72%	36.75%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
selling, general and administrative	101,260,000	87,360,000	87,812,000	85,846,000	95,287,000	82,389,000	84,119,000	80,383,000	90,206,000	84,343,000	79,125,000	82,896,000	88,849,000	80,971,000	75,381,000	70,575,000	75,765,000	68,477,000	66,065,000	62,740,000	69,629,000	58,860,000	61,720,000	65,612,000	72,080,000	106,311,000	64,656,000	69,150,000	72,796,000	304,326,968	70,032	92,588,000	76,796,000	178,431,311	51,689	46,531,000	46,118,000	40,804,000	40,645,000	42,842,000	50,461,000	48,759,000	49,165,000	51,044,000	49,331,000	52,065,000	53,598,000	43,241,000	40,938,000	44,156,000	37,711,000	44,473,000	43,199,000	53,100,000	49,102,000	52,780,000	39,047,000	29,457,000	27,328,000	29,334,000	27,661,000	33,371,000	29,908,000	27,949,000	28,734,000	34,810,000	39,822,000	36,026,000	33,451,000	32,872,000	30,665,000	31,313,000	29,468,000	30,506,000	28,128,000	29,321,000	26,518,000	23,761,000	23,861,000	21,600,000	22,228,000	20,959,000
taxes, other than on income	9,852,000	6,482,000	9,768,000	10,542,000	8,830,000	7,583,000	8,973,000	10,310,000	8,044,000	6,156,000	9,666,000	9,758,000	9,186,000	6,739,000	9,121,000	9,621,000	9,590,000	7,710,000	9,917,000	10,364,000	8,260,000	8,452,000	9,077,000	13,065,000	11,406,000	10,447,000	10,909,000	10,579,000	9,998,000	39,240,477	10,523	10,552,000	8,535,000	14,512,482	6,518	6,344,000	6,649,000	6,413,000	5,445,000	5,468,000	5,404,000	5,482,000	5,378,000	4,545,000	3,701,000	4,624,000	4,580,000	3,714,000	4,397,000	4,478,000	3,243,000	3,455,000	3,907,000	3,914,000	2,711,000	3,244,000	3,723,000	3,501,000	3,038,000	3,092,000	3,576,000	3,503,000	2,837,000	2,989,000	3,193,000	3,085,000	2,572,000	3,560,000	3,455,000	3,533,000	3,533,000	3,237,000	3,255,000	3,134,000	2,947,000	3,289,000	3,403,000	3,187,000	2,972,000	3,203,000	2,909,000	3,186,000
depreciation and amortization	68,238,000	67,853,000	66,873,000	65,670,000	63,730,000	62,545,000	60,653,000	59,482,000	57,642,000	54,905,000	53,445,000	51,697,000	51,109,000	50,945,000	50,419,000	50,115,000	49,964,000	50,234,000	53,462,000	55,132,000	54,890,000	54,854,000	54,779,000	54,502,000	55,786,000	54,861,000	54,455,000	55,093,000	55,223,000	224,914,070	57,930	55,492,000	54,218,000	145,095,794	51,206	48,293,000	48,170,000	52,490,000	50,142,000	49,661,000	48,624,000	49,759,000	46,825,000	45,766,000	42,433,000	41,407,000	41,036,000	41,640,000	40,271,000	40,996,000	37,747,000	35,729,000	35,197,000	36,474,000	35,796,000	36,827,000	28,213,000	25,193,000	24,937,000	24,135,000	22,854,000	23,370,000	24,244,000	24,929,000	22,519,000	22,276,000	24,067,000	22,420,000	22,385,000	22,327,000	20,642,000	20,407,000	20,280,000	19,587,000	17,102,000	16,689,000	15,515,000	15,090,000	14,735,000	13,725,000	13,964,000	14,981,000
gain on disposition of assets	-1,453,000	-29,000	-3,002,000	-1,687,000	-70,000	-1,000	-1,617,000	-515,000	-74,000	-779,000	-1,528,000	-472,000	-2,230,000	-308,000	-377,000	-2,745,000	-4,849,000				-2,133,000				-492,000			-3,118,000	-2,157,000	-1,967,982	-18	-442,000	-1,898,000	39.75	159	139,000	-99,000	-9,750	122,000	-94,000	-67,000	400,000	-91,000	-1,555,000	-47,000	-527,000			-537,000				-69,000				-40,000				19,000		38,000	-753,000	-120,000	-244,000	134,000	166,000	-500,000		-148,000	-30,000	62,000	499,000	-239,000	-255,000	-785,000	-157,000	-397,000	24,000	-1,795,000
total costs and expenses	736,426,000	722,102,000	741,942,000	723,609,000	680,113,000	752,169,000	704,219,000	703,892,000	706,499,000	706,357,000	671,249,000	689,948,000	688,994,000	672,416,000	686,936,000	651,428,000	581,088,000	559,665,000	915,846,000	535,596,000	493,686,000	464,982,000	466,656,000	506,907,000	1,025,689,000	639,750,000	588,908,000	695,199,000	672,515,000	2,814,771,112	636,888	746,818,000	690,968,000	1,747,337,088	487,912	425,847,000	446,134,000	378,850,000	378,522,000	374,774,000	393,332,000	437,515,000	445,022,000	484,581,000	552,595,000	501,029,000	482,392,000	432,768,000	454,656,000	458,936,000	413,113,000	428,687,000	428,150,000	477,875,000	457,232,000	471,274,000	365,852,000	243,716,000	232,654,000	228,582,000	223,037,000	225,240,000	209,771,000	212,300,000	215,036,000	229,021,000	260,425,000	283,047,000	279,050,000
operating income	107,673,000	129,673,000	129,219,000	131,846,000	105,546,000	50,146,000	126,930,000	120,498,000	101,523,000	92,819,000	93,523,000	87,300,000	61,450,000	57,749,000	58,907,000	46,536,000	29,694,000	31,601,000	-316,926,000	24,028,000	3,164,000	24,774,000	29,911,000	34,252,000	-381,763,000	16,177,000	77,901,000	75,843,000	72,106,000	155,221,043	67,957	55,853,000	50,720,000	364,779,638	53,362	47,481,000	45,571,000	56,800,000	56,186,000	66,808,000	65,401,000	95,050,000	98,134,000	103,092,000	128,126,000	127,025,000	106,854,000	118,337,000	109,252,000	99,849,000	99,438,000	92,637,000	83,698,000	89,060,000	92,913,000	92,308,000	71,479,000	55,643,000	53,664,000	52,735,000	50,632,000	43,013,000	49,817,000	59,866,000	57,707,000	48,640,000	66,252,000	71,600,000	69,210,000	63,434,000	60,276,000	61,291,000	54,335,000	44,886,000	43,519,000	46,161,000	41,046,000	38,644,000	22,302,500	29,924,000	33,703,000	25,583,000
yoy	2.02%	158.59%	1.80%	9.42%	3.96%	-45.97%	35.72%	38.03%	65.21%	60.73%	58.76%	87.60%	106.94%	82.74%	-118.59%	93.67%	838.50%	27.56%	-1159.56%	-29.85%	-100.83%	53.14%	-61.60%	-54.84%	-629.45%	-89.58%	114532.78%	35.79%	42.16%	-57.45%	27.35%	17.63%	11.30%	542.22%	-99.91%	-28.93%	-30.32%	-40.24%	-42.75%	-35.20%	-48.96%	-25.17%	-8.16%	-12.88%	17.28%	27.22%	7.46%	27.74%	30.53%	12.11%	7.02%	0.36%	17.09%	60.06%	73.14%	75.04%	41.17%	29.36%	7.72%	-11.91%	-12.26%	-11.57%	-24.81%	-16.39%	-16.62%	-23.32%	9.91%	16.82%	27.38%	41.32%	38.51%	32.78%	32.38%	16.15%	95.13%	54.26%	21.79%	51.05%
qoq	-16.97%	0.35%	-1.99%	24.92%	110.48%	-60.49%	5.34%	18.69%	9.38%	-0.75%	7.13%	42.07%	6.41%	-1.97%	26.58%	56.72%	-6.03%	-109.97%	-1418.99%	659.42%	-87.23%	-17.17%	-12.67%	-108.97%	-2459.91%	-79.23%	2.71%	5.18%	-53.55%	228310.68%	-99.88%	10.12%	-86.10%	683494.39%	-99.89%	4.19%	-19.77%	1.09%	-15.90%	2.15%	-31.19%	-3.14%	-4.81%	-19.54%	0.87%	18.88%	-9.70%	8.32%	9.42%	0.41%	7.34%	10.68%	-6.02%	-4.15%	0.66%	29.14%	28.46%	3.69%	1.76%	4.15%	17.71%	-13.66%	-16.79%	3.74%	18.64%	-26.58%	-7.47%	3.45%	9.11%	5.24%	-1.66%	12.80%	21.05%	3.14%	-5.72%	12.46%	6.22%	73.27%	-25.47%	-11.21%	31.74%
operating margin %	12.76%	15.22%	14.83%	15.41%	13.43%	6.25%	15.27%	14.62%	12.56%	11.61%	12.23%	11.23%	8.19%	7.91%	7.90%	6.67%	4.86%	5.34%	-52.92%	4.29%	0.64%	5.06%	6.02%	6.33%	-59.29%	2.47%	11.68%	9.84%	9.68%	5.23%	9.64%	6.96%	6.84%	17.27%	9.86%	10.03%	9.27%	13.04%	12.92%	15.13%	14.26%	17.85%	18.07%	17.54%	18.82%	20.23%	18.13%	21.47%	19.37%	17.87%	19.40%	17.77%	16.35%	15.71%	16.89%	16.38%	16.34%	18.59%	18.74%	18.75%	18.50%	16.03%	19.19%	22.00%	21.16%	17.52%	20.28%	20.19%	19.87%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other income	7,281,000	5,752,000	5,557,000	4,812,000	5,334,000	3,489,000	2,949,000	3,088,000	3,269,000	1,745,000	1,589,000	1,264,000	6,443,000	4,824,000	3,805,000	3,740,000	4,308,000	1,855,000	1,832,000	2,523,000	3,791,000	1,962,000	1,172,000	2,290,000	2,723,000	731,000	864,000	2,381,000	-568,000	5,369,546	1,454	1,541,000	1,591,000	-197,887	-113	-1,000	-116,000	48,500	-120,000	179,000	135,000	22,000	-303,000	60,000	27,000	123,000	-236,000	60,000	101,000	75,000	-321,000	-56,000	30,000	149,000	-164,000	-6,000	78,000	51,000	100,000	131,000	30,000	12,000	-641,000	189,000	91,000	95,000	452,000	-515,000	-329,000	-257,000	461,000	-274,000	-160,000	-248,000	341,000	-389,000	-134,000	66,000	840,000	-443,000	-400,000
interest expense	-10,250,000	-11,222,000	-11,838,000	-12,730,000	-10,537,000	-10,661,000	-12,498,000	-12,819,000	-13,151,000	-13,115,000	-13,386,000	-12,286,000	-13,221,000	-11,990,000	-11,755,000	-10,640,000	-10,203,000	-10,297,000	-10,500,000	-10,706,000	-10,966,000	-11,423,000	-11,809,000	-12,708,000	-12,799,000	-12,968,000	-14,310,000	-15,515,000	-13,201,000	-46,843,655	-12,345	-12,540,000	-9,780,000	-24,379,612	-5,388	-4,465,000	-4,457,000	-4,477,000	-4,507,000	-4,513,000	-4,193,000	-4,449,000	-4,759,000	-5,250,000	-5,225,000	-5,469,000	-5,618,000	-6,694,000	-7,219,000	-7,988,000	-6,588,000	-6,056,000	-5,901,000	-5,840,000	-5,817,000	-5,974,000	-3,278,000	-2,833,000	-2,845,000	-2,750,000	-2,697,000	-2,668,000	-2,693,000	-2,781,000	-2,793,000	-2,813,000	-3,399,000	-3,375,000	-3,508,000	-3,782,000	-4,458,000	-5,236,000	-5,436,000	-5,154,000	-4,696,000	-4,503,000	-3,304,000	-2,698,000	-3,527,000	-2,997,000	-3,113,000	-3,146,000
earnings before taxes on income	104,704,000	124,203,000	122,938,000	123,928,000	100,343,000	42,974,000	117,381,000	110,767,000	91,641,000	81,449,000	81,726,000	76,278,000	54,672,000	50,583,000	50,957,000	39,636,000	23,799,000	23,159,000	-325,594,000	15,845,000		15,313,000	19,274,000	23,834,000	-391,839,000	4,319,000	64,455,000	62,709,000	58,337,000	114,101,934	57,066	44,854,000	42,531,000	340,478,139	47,861	43,015,000	40,998,000	52,370,000	51,559,000	62,474,000	61,343,000	90,623,000	93,072,000	97,902,000	122,928,000	121,679,000	101,000,000	111,703,000	102,134,000	91,936,000	92,805,000	86,525,000	77,827,000	83,369,000	87,279,000	86,328,000	68,279,000	52,861,000	51,202,000	50,116,000	47,965,000	40,357,000	47,357,000	57,274,000	55,005,000	45,922,000	62,134,000	67,710,000	65,373,000	59,395,000	55,603,000	55,803,000	48,844,000	39,582,000	38,672,000	41,357,000	37,695,000	36,478,000	19,762,500	27,879,000	29,753,000	21,418,000
provision for taxes on income	-23,378,000	-32,174,000	-30,200,000	-29,550,000	-24,073,000	-6,000	-27,350,000	-26,785,000	-21,726,000	-12,933,250	-18,722,000	-18,960,000	-14,051,000			-11,030,000																					-13,353,000									-45,768,000	-37,989,000	-42,007,000		-34,384,000	-23,419,000	-32,794,000		-31,490,000	-30,510,000	-32,734,000			-13,244,750	-19,211,000		-15,446,000																-13,898,000				-8,139,000
net earnings	81,326,000	92,029,000	92,738,000	94,378,000	76,270,000	42,968,000	90,031,000	83,982,000	69,915,000	61,962,000	63,004,000	57,318,000	40,621,000	37,325,000	39,244,000	28,606,000	17,586,000	11,149,000	-265,152,000	10,352,000		22,415,000	27,693,000	25,263,000	-248,190,000	2,972,000	48,150,000	47,440,000	44,457,000	79,036,050	41,950	28,793,000	32,666,000	212,590,211	28,789	25,972,000	27,645,000	32,858,000	32,353,000	39,109,000	38,484,000	57,111,000	58,376,000	61,411,000	77,213,000	75,911,000	63,011,000	69,696,000	63,792,000	57,552,000	58,574,000	53,731,000	48,435,000	51,879,000	56,769,000	53,594,000	42,229,000	32,900,000	31,923,000	30,905,000	29,643,000	24,911,000	29,641,000	35,448,000	33,985,000	28,464,000	38,409,000	41,778,000	40,334,000	36,647,000	34,352,000	34,430,000	30,137,000	24,422,000	23,938,000	25,600,000	23,333,000	22,580,000	12,252,750	17,285,000	18,447,000	13,279,000
net earnings attributable to noncontrolling interests	-129,000	-156,750	-242,000													-149,000	-152,000													-33.5	-134			-2,999	-182
net earnings attributable to kirby	81,197,000	91,810,000	92,496,000	94,277,000	75,986,000	42,817,000	89,968,000	83,854,000	70,068,000	61,906,000	62,964,000	57,367,000	40,698,000	37,309,000	39,091,000	28,457,000	17,434,000	10,961,000	-264,730,000	10,190,000		22,204,000	27,489,000	25,002,000	-248,468,000	2,777,000	47,987,000	47,287,000	44,296,000	78,410,184	41,816	28,602,000	32,471,000	209,409,393	28,607	25,778,000	27,483,000	32,355,000	32,010,000	38,942,000	38,099,000	56,843,000	58,075,000	61,078,000	76,717,000	74,992,000	62,246,000	69,123,000	63,093,000	56,578,000	57,888,000	53,055,000	47,551,000	50,944,000	56,170,000	52,734,000	41,692,000	32,430,000	31,620,000	30,687,000	29,268,000	24,674,000	29,202,000	35,014,000	33,719,000	28,006,000
yoy	6.86%	114.42%	2.81%	12.43%	8.45%	-30.84%	42.89%	46.17%	72.17%	65.93%	61.07%	101.59%	133.44%	240.38%	-114.77%	179.26%		-50.64%	-1063.04%	-59.24%		699.57%	-42.72%	-47.13%	-660.93%	-96.46%	114657.51%	65.33%	36.42%	-62.56%	46.17%	10.96%	18.15%	547.22%	-99.91%	-33.80%	-27.86%	-43.08%	-44.88%	-36.24%	-50.34%	-24.20%	-6.70%	-11.64%	21.59%	32.55%	7.53%	30.29%	32.68%	11.06%	3.06%	0.61%	14.05%	57.09%	77.64%	71.84%	42.45%	31.43%	8.28%	-12.36%	-13.20%	-11.90%
qoq	-11.56%	-0.74%	-1.89%	24.07%	77.47%	-52.41%	7.29%	19.68%	13.18%	-1.68%	9.76%	40.96%	9.08%	-4.56%	37.37%	63.23%	59.05%	-104.14%	-2697.94%			-19.23%	9.95%	-110.06%	-9047.35%	-94.21%	1.48%	6.75%	-43.51%	187412.40%	-99.85%	-11.92%	-84.49%	731921.51%	-99.89%	-6.20%	-15.06%	1.08%	-17.80%	2.21%	-32.98%	-2.12%	-4.92%	-20.39%	2.30%	20.48%	-9.95%	9.56%	11.52%	-2.26%	9.11%	11.57%	-6.66%	-9.30%	6.52%	26.48%	28.56%	2.56%	3.04%	4.85%	18.62%	-15.51%	-16.60%	3.84%	20.40%
net income margin %	9.62%	10.78%	10.62%	11.02%	9.67%	5.34%	10.82%	10.17%	8.67%	7.75%	8.23%	7.38%	5.42%	5.11%	5.24%	4.08%	2.85%	1.85%	-44.20%	1.82%	0%	4.53%	5.54%	4.62%	-38.59%	0.42%	7.20%	6.13%	5.95%	2.64%	5.93%	3.56%	4.38%	9.91%	5.29%	5.45%	5.59%	7.43%	7.36%	8.82%	8.31%	10.67%	10.69%	10.39%	11.27%	11.94%	10.56%	12.54%	11.19%	10.13%	11.29%	10.18%	9.29%	8.99%	10.21%	9.36%	9.53%	10.83%	11.04%	10.91%	10.69%	9.20%	11.25%	12.86%	12.36%	10.09%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
net earnings per share attributable to kirby common stockholders:
basic	1.51	1.7	1.66	1.68	1.33	0.75	1.56	1.44	1.2	1.04	1.06	0.96	0.68	0.63	0.65	0.47	0.29	0.19	-4.41	0.17		0.37	0.46	0.42	-4.15	0.05	0.8	0.79	0.74	0.61	0.7	0.48	0.54	3.23	0.52	0.48	0.51	0.6	0.59	0.72	0.71	1.04	1.04	1.09	1.34	1.32	1.09	1.22	1.11	1	1.04	0.95	0.85	0.91	1.02	0.95	0.78	0.6	0.59	0.57	0.54	0.46	0.54	0.65	0.63	0.53	0.72	0.78	0.75	0.69	0.65	0.65	0.57	0.46	0.46	0.49	0.44	0.87	0.78	0.69	0.74	0.53
diluted	1.5	1.69	1.65	1.67	1.33	0.74	1.55	1.43	1.19	1.04	1.05	0.95	0.68	0.62	0.65	0.47	0.29	0.19	-4.41	0.17		0.37	0.46	0.42	-4.15	0.05	0.8	0.79	0.74	0.61	0.7	0.48	0.54	3.21	0.52	0.48	0.51	0.6	0.59	0.72	0.71	1.04	1.04	1.09	1.34	1.31	1.09	1.21	1.11	1	1.03	0.95	0.85	0.91	1	0.94	0.77	0.6	0.59	0.57	0.54	0.46	0.55	0.65	0.63	0.52	0.72	0.77	0.74	0.68	0.63	0.64	0.56	0.46	0.45	0.48	0.44	0.85	0.76	0.67	0.72	0.52
net (earnings) loss attributable to noncontrolling interests				-101,000	-284,000	-9,500	-63,000	-128,000		21,500	-40,000	49,000	77,000	-113,500	-153,000			1,250	422,000
net loss attributable to noncontrolling interests									153,000
impairments
benefit for taxes on income														-13,258,000	-11,713,000		-6,213,000	-12,010,000	60,442,000	-5,493,000	891,000	7,102,000	8,419,000	1,429,000	143,649,000
impairments and other charges																			340,713,000						433,341,000
loss on disposition of assets																		-1,270,500	-830,000	-2,119,000		3,250	316,000																								-51,000	-223,000		32,000	15,000	40,000		28,000	111,000	-97,000		66,000	13,750	-8,000		44,000								58,000												-192,000
less: net earnings attributable to noncontrolling interests																				-162,000	-255,000	-211,000	-204,000	-261,000	-278,000	-195,000	-163,000	-153,000	-161,000	-625,866	-134	-191,000	-195,000	-3,180,818	-182	-194,000	-162,000	-503,000	-343,000	-167,000	-385,000	-268,000	-301,000	-333,000	-496,000	-919,000	-765,000	-573,000	-699,000	-974,000	-686,000	-676,000	-884,000	-935,000	-599,000	-860,000	-537,000	-470,000	-303,000	-218,000	-375,000	-237,000	-439,000	-434,000	-266,000	-458,000
loss before taxes on income																					-4,011,000
net income																					-3,120,000
net loss attributable to kirby																					-3,375,000
net income per share
basic																					-0.06
diluted																					-0.06
(gain) loss on disposition of assets																								189,000		-1,225,250	374,000
benefit from taxes on income																										-11,363,500	-16,305,000	-15,269,000	-13,880,000	-3,779	-15,116	-16,061,000	-9,865,000	-127,887,928	-19,072	-17,043,000		-16,357,500	-19,206,000	-23,365,000	-22,859,000	-33,512,000	-34,696,000	-36,491,000	-45,715,000				-38,342,000				-29,392,000				-26,050,000	-19,961,000			-18,322,000		-17,716,000	-21,826,000	-21,020,000	-17,458,000	-23,725,000	-25,932,000	-25,039,000	-22,748,000	-21,251,000	-21,373,000	-18,707,000	-15,160,000	-14,734,000	-15,757,000	-14,362,000		-12,302,000	-10,594,000	-11,306,000
current assets:
cash and cash equivalents																														904,250	3,617,000			-4,825,984	4,826,000
accounts receivable:
trade – less allowance for doubtful accounts																														100,217,500	400,870,000			108,323,750	433,295,000
other																														27,805,250	111,221,000			-77,909,076	77,913,000
inventories – net																														113,293,250	453,173,000			80,850,750	323,403,000
prepaid expenses and other current assets																														21,409,750	85,639,000			12,831,750	51,327,000
total current assets																														263,630,000	1,054,520,000			222,691,000	890,764,000
property and equipment																														1,264,083,750	5,056,335,000			1,145,860,500	4,583,442,000
less accumulated depreciation																														-373,708,750	-1,494,835,000			-371,833,000	-1,487,332,000
property and equipment – net																														890,375,000	3,561,500,000			774,027,500	3,096,110,000
goodwill																														240,001,500	960,006,000			229,819,000	919,276,000
other intangibles – net																														57,239,500	228,958,000
other assets																														12,337,000	49,348,000			-294,270,180	294,265,000
total assets																														1,463,583,000	5,854,332,000			1,300,103,750	5,200,415,000
current liabilities:
bank notes payable																														127,000	508,000			224,750	899,000
income taxes payable																														941,250	3,765,000			-1,438,347	1,434,000
accounts payable																														62,670,250	250,681,000			-214,119,484	214,109,000
accrued liabilities																														59,282,250	237,129,000			50,956,500	203,826,000
deferred revenues																														18,960,750	75,843,000			10,105,250	40,421,000
total current liabilities																														141,981,500	567,926,000			115,547,500	462,190,000
long-term debt – less current portion																														349,855,750	1,399,423,000			257,757,000	1,031,028,000
deferred income taxes																														136,220,500	544,882,000			189,067,000	756,268,000
other long-term liabilities																														27,238,250	108,953,000			18,700,250	74,801,000
total long-term liabilities																														513,314,500	2,053,258,000			465,524,250	1,862,097,000
contingencies and commitments
equity:
kirby stockholders’ equity:
common stock, .10 par value per share. authorized 120,000,000 shares, issued 65,472,000 shares																														1,636.75	6,547			1,636.75	6,547
additional paid-in capital																														205,201.25	820,805			199,928.5	799,714
accumulated other comprehensive income – net																														-9,886	-39,544			-8,944.5	-35,778
retained earnings																														687,007.25	2,748,029			603,904.5	2,415,618
treasury stock – at cost, 5,595,000 shares at september 30, 2018 and 5,783,000 at december 31, 2017																														-76,481.5	-305,926
total kirby stockholders’ equity																														807,477.75	3,229,911			718,169.5	2,872,678
noncontrolling interests																														809.25	3,237			862.5	3,450
total equity																														808,287	3,233,148			719,032	2,876,128
total liabilities and equity																														1,463,583	5,854,332			1,300,103.75	5,200,415
other comprehensive income, net of taxes:
pension and postretirement benefits																														109.5	438			-10,777	507
foreign currency translation adjustments																														-15	-60			266	-164
reclassification to retained earnings of stranded tax effects from tax reform
total other comprehensive income, net of taxes																														94.5	378			85.75	343
total comprehensive income, net of taxes																														10,582	42,328			178,536	29,132
comprehensive income attributable to kirby																														10,548.5	42,194			175,537	28,950
cash flows from operating activities:
adjustments to reconcile net earnings to net cash from operations:
benefit from deferred income taxes																														9,209.5	36,838			44,222	32,783
amortization of unearned share-based compensation																														4,162.25	16,649			805	8,991
amortization of major maintenance costs																														3,900	15,600			3,808	15,232
amortization of debt issuance costs																														224.5	898			196.5	786
decrease in cash flows resulting from changes in operating assets and liabilities																														-16,676.75	-66,707
net cash from operating activities																														68,076	272,304			66,275	259,455
cash flows from investing activities:
capital expenditures																														-57,938	-231,752			-178,730	-133,437
acquisitions of businesses and marine equipment, net of cash acquired																														-124,806.75	-499,227			70,294	-451,219
proceeds from disposition of assets																														6,951.5	27,806			-10,092	29,743
net cash from investing activities																														-175,793.25	-703,173			-118,528	-554,913
cash flows from financing activities:
borrowings (payments) on bank credit facilities																														-22,098	-88,392			74,295.25	297,181
borrowings (payments) on long-term debt																														124,823.75	499,295
payments of debt issue costs																														-1,069	-4,276
proceeds from exercise of stock options																														3,316	13,264			6,856	2,076
payments related to tax withholding for share-based compensation																														-1,205.25	-4,821			-724.75	-2,899
net cash from financing activities																														103,596	414,384			47,871	294,650
decrease in cash and cash equivalents																														-4,121.25	-16,485			-202	-808
cash and cash equivalents, beginning of year																														5,025.5	20,102			10,615	5,634
cash and cash equivalents, end of period																														904.25	3,617			1,206.5	4,826
supplemental disclosures of cash flow information:
cash paid during the period:
interest paid																														9,293.75	37,175			4,597.5	18,390
income taxes																														123.75	495
capital expenditures included in accounts payable																														-1,388.5	-5,554			2,229.25	8,917
non-cash investing activity:
stock issued in acquisition																																		91,638.5	366,554
cash acquired in acquisition																														578.25	2,313			24.5	98
debt assumed in acquisition																																		3,431	13,724
basis for preparation of the condensed financial statements
accounting standards adoptions
statements of earnings:
distribution and services revenues																														80,701.25	322,805			55,616	222,464
statements of comprehensive income:
statements of cash flows:
balance sheets:
trade receivables																														100,217.5	400,870
revenues
marine transportation segment:
inland transportation																														72,143.25	288,573
coastal transportation																														23,366.75	93,467
distribution and services segment:
oil and gas																														50,368.75	201,475
commercial and industrial																														30,332.5	121,330
acquisitions
assets:
cash																														578.25	2,313			24.5	98
accounts receivable																														6,881.75	27,527			-106,635	97,891
liabilities:
total liabilities																														29,839.25	119,357			34,765.25	139,061
net assets acquired																														105,480.5	421,922			186,130.25	744,521
inventories																																		37,500	150,000
finished goods																														84,175.75	336,703			-117,534	280,393
work in process																														29,117.5	116,470			-28,472	43,010
fair value measurements
long-term debt																																		2,658.5	10,634
stock award plans
compensation cost																														774.5	3,098			6,161	3,067
income tax benefit																														177.25	709			2,300	1,234
outstanding at december 31, 2017																														163,663.75	654,655
granted																														28,949.25	115,797			-123,018.4	123,051
exercised																														-70,971.5	-283,886			21,163.36	-21,135
forfeited																														-5,466	-21,864			17,054	-17,022
outstanding at september 30, 2018																														116,175.5	464,702
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																														91,030.25	364,121
vested																														-36,060	-144,240			105,469.34	-105,430
nonvested balance at september 30, 2018																														53,983	215,932
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																														0.675	2.7			0.4	2
stock price volatility																														6.75	27			6	27
estimated option term
other comprehensive income
amortization of net actuarial loss																														145	580			205.5	822
foreign currency translation																														-15	-60			-41	-164
total																														130	520			164.5	658
actuarial gains																														-152.25	-609			5,503.5	22,014
adoption of asu 2018-02 – reclassification to retained earnings
segment data
segment profit:
total assets:
general corporate expenses																														-1,123	-4,492			-1,123.75	-4,495
general corporate assets																														14,807.25	59,229			12,273	49,092
investment in affiliates																														545.5	2,182			462.75	1,851
taxes on income
earnings before taxes on income:
united states																														14,495	57,980
foreign																														-228.5	-914
benefit from taxes on income:
federal:
current																																		30,023	3,617
deferred																														3,364.25	13,457			51,319	14,132
state and local:
foreign - current																														25	100
earnings per share
undistributed earnings allocated to restricted shares																														-41.5	-166			-53.25	-213
income available to kirby common stockholders - basic																														10,412.5	41,650			7,098.5	28,394
undistributed earnings reallocated to restricted shares																														-41.25	-165			-53.25	-213
income available to kirby common stockholders - diluted																														10,412.75	41,651			7,098.5	28,394
shares outstanding:
weighted-average common stock issued and outstanding																															59,875				55,177
weighted-average unvested restricted stock																															-237				-412
weighted-average common stock outstanding - basic																															59,638				54,765
dilutive effect of stock options and restricted stock units																														36.5	146
weighted-average common stock outstanding - diluted																															59,784				54,803
retirement plans
components of net periodic benefit cost:																														504.5	2,018
service cost																														430.5	1,722			5,561	1,742
interest cost																														984.75	3,939			6,373	3,320
expected return on plan assets																														-1,424	-5,696			-1,148.75	-4,595
amortization of actuarial loss																														180.75	723			245.25	981
net periodic benefit cost																														172	688			-1,361	1,448
amortization of actuarial gain																														-37.25	-149			-41.5	-166
contingencies
item 2.
weighted-average number of common stock - diluted																															59,784				54,803
marine transportation revenues																														95,510	382,040			79,702.5	318,810
operating margins																														3.175	12.7			2.825	11.3
markets serviced																														504.5	2,018			504.25	2,017
petrochemicals																														14.25	57			14	56
black oil																														5.5	22			5.5	22
refined petroleum products																														4.5	18			4.5	18
agricultural chemicals																														0.75	3			1	4
current assets																														263,630	1,054,520			222,691	890,764
other intangibles																														57,239.5	228,958
liabilities and stockholders’ equity:
current liabilities																														141,981.5	567,926			115,547.5	462,190
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																																		375,250	1,501,000
treasury stock – at cost, 5,784,000 shares at september 30, 2017 and 5,921,000 at december 31, 2016																																		-78,355.75	-313,423
increase in cash flows resulting from changes in operating assets and liabilities																																		-7,148	-28,592
payments on long-term debt																																		-37,940	-1,065
purchase of treasury stock
acquisition of noncontrolling interests																																		-1.75	-7
income taxes paid																																		4,847	19,388
fair value of property transferred in acquisition
cash consideration paid																																		94,491.75	377,967
stock consideration through issuance of company common stock																																		91,638.5	366,554
fair value of consideration transferred																																		186,130.25	744,521
outstanding at december 31, 2016																																		150,280.25	601,121
outstanding at september 30, 2017																																		171,503.75	686,015
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																																		94,413.75	377,655
nonvested balance at september 30, 2017																																		94,546.5	378,186
actuarial losses
earnings before taxes on income – united states																																		11,965.25	47,861
state and local																																		8,841	1,323
dilutive effect of stock options																																		9.5	38
subsequent event
land-based																																		20	80
marine																																		3.25	13
power generation																																		1.75	7
10.1†*																																		501.25	2,005
†
dated: november 8, 2017
diesel engine services																																				142,063,000	148,053,000	79,434,000	75,677,000	63,279,000	80,390,000	114,222,000	118,103,000	167,768,000	231,977,000	171,309,000	153,475,000	114,924,000	140,040,000	140,267,000	131,581,000	171,553,000	169,653,000	230,978,000	215,033,000	212,376,000	170,719,000	57,682,000	53,875,000	48,532,000	43,413,000	48,691,000	42,684,000	44,699,000	54,837,000	58,640,000	61,216,000	67,767,000	66,354,000	69,342,000	59,155,000	61,227,000	58,263,000	65,146,000	48,746,000	53,532,000	39,204,000	35,520,000	27,473,000	26,482,000	28,534,000	27,234,000
net earnings per share of common stock:
basic	1.51	1.7	1.66	1.68	1.33	0.75	1.56	1.44	1.2	1.04	1.06	0.96	0.68	0.63	0.65	0.47	0.29	0.19	-4.41	0.17		0.37	0.46	0.42	-4.15	0.05	0.8	0.79	0.74	0.61	0.7	0.48	0.54	3.23	0.52	0.48	0.51	0.6	0.59	0.72	0.71	1.04	1.04	1.09	1.34	1.32	1.09	1.22	1.11	1	1.04	0.95	0.85	0.91	1.02	0.95	0.78	0.6	0.59	0.57	0.54	0.46	0.54	0.65	0.63	0.53	0.72	0.78	0.75	0.69	0.65	0.65	0.57	0.46	0.46	0.49	0.44	0.87	0.78	0.69	0.74	0.53
diluted	1.5	1.69	1.65	1.67	1.33	0.74	1.55	1.43	1.19	1.04	1.05	0.95	0.68	0.62	0.65	0.47	0.29	0.19	-4.41	0.17		0.37	0.46	0.42	-4.15	0.05	0.8	0.79	0.74	0.61	0.7	0.48	0.54	3.21	0.52	0.48	0.51	0.6	0.59	0.72	0.71	1.04	1.04	1.09	1.34	1.31	1.09	1.21	1.11	1	1.03	0.95	0.85	0.91	1	0.94	0.77	0.6	0.59	0.57	0.54	0.46	0.55	0.65	0.63	0.52	0.72	0.77	0.74	0.68	0.63	0.64	0.56	0.46	0.45	0.48	0.44	0.85	0.76	0.67	0.72	0.52
equity in earnings of marine affiliates																																																																							41,000	22,000	105,000	98,000	66,000	88,000	87,000	466,000	534,000	1,395,000	707,000	-703,000
loss on debt retirement																																																																																	-1,144,000
revenues: - sum																																																																														224,903,000
costs and expenses: - sum																																																																														186,259,000
other expense																																																																																		-316,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	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	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-03-31	2008-12-31	2007-12-31	2006-12-31	2006-03-31	2005-12-31	2005-03-31	2004-12-31	2003-12-31

assets
current assets:
cash and cash equivalents	58,014,000		47,025,000	68,383,000	51,078,000		67,073,000	53,540,000	75,216,000		42,116,000	36,603,000	26,699,000		36,991,000	25,104,000	32,398,000		54,377,000	53,052,000	52,333,000		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			5,381,000	2,859,000	1,717,000	2,515,000	4,989,000	4,491,000				5,263,000		11,059,000					7,332,000	172,093,000	195,600,000		140,751,000			8,647,000	5,117,000	2,653,000		17,838,000	2,281,000	629,000	4,064,000
accounts receivable:
trade – less allowance for doubtful accounts	536,350,000		524,072,000	564,233,000	505,617,000		542,527,000	550,159,000	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			250,362,000	271,698,000	264,703,000	321,725,000	337,011,000	373,916,000				331,131,000							255,028,000	153,806,000			143,062,000
other	66,963,000		95,895,000	62,221,000	48,003,000		47,965,000	47,666,000	55,949,000		53,936,000	40,011,000	109,539,000		133,278,000	127,181,000	125,757,000		150,811,000	165,478,000	171,749,000		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			76,728,000	88,477,000	88,381,000	90,035,000	92,582,000	98,496,000				46,489,000		43,074,000					12,009,000	18,181,000	21,612,000		10,882,000			12,976,000	7,713,000	20,850,000			6,741,000
inventories – net	418,076,000		423,976,000	426,265,000	434,706,000		434,151,000	445,304,000	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			179,110,000	187,717,000	186,930,000	185,938,000	191,061,000	195,729,000				139,547,000							116,871,000
prepaid expenses and other current assets	62,732,000		68,863,000	63,931,000	62,876,000		72,617,000	69,946,000	68,369,000		79,382,000	67,787,000	62,421,000		80,899,000	84,160,000	75,896,000		75,004,000	66,696,000	60,685,000		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			55,902,000	58,480,000	45,088,000	58,256,000	38,139,000	39,097,000				38,277,000		39,248,000					22,687,000	22,553,000	17,105,000		14,668,000			12,163,000	18,731,000	16,426,000		19,002,000	16,684,000	15,110,000	13,173,000
total current assets	1,142,135,000		1,159,831,000	1,185,033,000	1,102,280,000		1,164,333,000	1,166,615,000	1,175,478,000		1,195,571,000	1,168,656,000	1,200,366,000		1,126,382,000	1,052,255,000	1,015,331,000		978,591,000	963,143,000	958,517,000		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			578,746,000	620,533,000	598,007,000	670,980,000	676,626,000	723,560,000				567,171,000		596,256,000					422,705,000	408,780,000	425,915,000		353,774,000			279,511,000	267,343,000	249,592,000			150,040,000
property and equipment	6,521,037,000	4,098,058,000	6,360,383,000	6,327,529,000	6,310,311,000	4,022,966,000	6,045,965,000	5,990,523,000	5,880,403,000	3,861,105,000	5,710,443,000	5,580,411,000	5,532,952,000	3,633,462,000	5,434,740,000	5,416,559,000	5,391,988,000	3,678,515,000	5,385,478,000	5,593,651,000	5,585,574,000	3,917,070,000	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	2,915,997,000	2,921,374	4,304,269,000	4,259,895,000	4,108,140,000	4,004,022,000	3,942,527,000	3,853,292,000	2,452,075,000	2,393,776,000	2,367,048,000	3,332,462,000	2,345,428,000		1,963,851,000	1,847,088,000	1,822,173	1,764,168,000	2,016,032,000	1,932,650,000		1,117,694,000	1,811,434,000	1,094,687,000	1,033,760,000	990,932,000			667,846,000		1,003,801,000
accumulated depreciation	-2,358,118,000		-2,238,318,000	-2,192,479,000	-2,161,012,000		-2,060,572,000	-2,015,776,000	-1,997,082,000		-1,928,319,000	-1,882,472,000	-1,867,442,000		-1,794,050,000	-1,763,907,000	-1,731,674,000		-1,680,231,000	-1,730,845,000	-1,704,301,000		-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							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	4,162,919,000		4,122,065,000	4,135,050,000	4,149,299,000		3,985,393,000	3,974,747,000	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			2,918,915,000	2,917,250,000	2,783,513,000	2,754,361,000	2,731,659,000	2,683,032,000				2,383,963,000								1,176,746,000
operating lease right-of-use assets	179,662,000	193,276,000	181,407,000	157,041,000	157,903,000	158,990,000	163,455,000	157,950,000	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	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	598,131	587,703,000	587,703,000	586,718,000	588,241,000	591,405,000	591,405,000	591,405,000	591,405,000	591,362,000	599,001,000	595,234,000		486,153,000	483,010,000	483,468	478,923,000				228,873,000		228,873,000	230,774,000				165,244,000
other intangibles	27,976,000	30,165,000	30,956,000	33,123,000	32,275,000	34,406,000	36,536,000	38,667,000	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	167,763,000	166,755,000	130,552,000	130,970,000	134,096,000	125,383,000	82,258,000	89,171,000	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	134,817	138,463,000	143,329,000	140,748,000	152,357,000	154,813,000	153,897,000	162,995,000	165,548,000	167,719,000	174,174,000	171,637,000	143,869,000	120,575,000	122,802,000	121,759	126,866,000	95,364,000	21,429,000	18,652,000	20,312,000	20,691,000	21,296,000	23,774,000	22,825,000	25,821,000	29,225,000	26,996,000	24,384,000	17,377,000	17,968,000	20,782,000
total assets	6,119,203,000		6,063,559,000	6,079,965,000	6,014,601,000		5,870,723,000	5,865,898,000	5,775,837,000		5,682,880,000	5,574,579,000	5,574,748,000		5,456,298,000	5,405,156,000	5,382,792,000		5,389,882,000	5,767,815,000	5,788,086,000		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			4,223,827,000	4,268,815,000	4,108,986,000	4,165,939,000	4,154,503,000	4,151,894,000				3,724,309,000		3,653,128,000					2,121,721,000	1,844,092,000	1,794,937,000		1,705,629,000			1,526,098,000
liabilities and stockholders’ equity
current liabilities:
bank notes payable	6,092,000		7,283,000	6,433,000	7,337,000		8,174,000	8,970,000	8,643,000		9,608,000	7,447,000	3,983,000		3,599,000	4,206,000	3,097,000		1,983,000	1,417,000	434,000		155,000	7,000	17,000	16,000	15,000	11,000	17,000	19,000	508,000	17,000	27,000	899,000
accounts payable	263,110,000		222,688,000	250,055,000	272,163,000		248,899,000	266,820,000	249,644,000		258,126,000	279,519,000	278,467,000		241,623,000	234,640,000	218,907,000		181,313,000	188,724,000	175,890,000		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			117,942,000	134,480,000	125,814,000	158,154,000	162,426,000	166,629,000				165,502,000		156,763,000					123,778,000	81,917,000	71,354,000		64,372,000			78,020,000	100,908,000	88,213,000		68,895,000	52,668,000	41,916,000	41,577,000
accrued liabilities	200,854,000		219,581,000	203,523,000	190,412,000		217,208,000	211,276,000	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			164,277,000	173,039,000	164,025,000	191,097,000	180,946,000	181,019,000				121,973,000							71,633,000	61,081,000			60,856,000								49,480,000
current portion of operating lease liabilities	42,221,000		44,322,000	37,985,000	35,417,000		33,827,000	33,399,000	32,601,000		32,170,000	33,134,000	32,885,000		33,495,000	34,667,000	34,454,000		32,813,000	31,963,000	32,722,000		32,545,000	33,761,000	25,903,000	27,324,000	29,001,000	29,422,000	28,586,000
deferred revenues	205,187,000		189,309,000	180,683,000	171,327,000		168,222,000	153,964,000	153,435,000		134,577,000	130,943,000	124,355,000		82,120,000	69,668,000	68,982,000		67,214,000	44,018,000	45,421,000		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			35,220,000	33,757,000	34,574,000	39,422,000	43,311,000	47,540,000				31,506,000		16,857,000					37,175,000	9,558,000	11,633,000		10,289,000			7,006,000	6,771,000	5,012,000		6,589,000	8,071,000	8,284,000	5,444,000
total current liabilities	717,464,000		683,770,000	679,457,000	698,583,000		697,978,000	684,623,000	650,394,000		635,852,000	656,297,000	614,788,000		570,561,000	541,372,000	513,835,000		512,197,000	498,222,000	453,443,000		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			317,565,000	344,449,000	327,582,000	390,342,000	387,789,000	410,082,000				401,088,000		355,020,000					239,143,000	157,642,000	160,259,000		139,408,000			173,066,000	191,420,000	166,867,000			119,450,000
long-term debt, net – less current portion	977,292,000		1,041,632,000	1,111,332,000	1,091,032,000		970,419,000	1,039,120,000	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	835,396,000	826,373,000	805,006,000	747,060,000	741,417,000	739,472,000	735,290,000	720,679,000	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	719,057	11,263,000	11,302,000	11,188,000	12,511,000	12,844,000	11,831,000	559,009,000	551,956,000	485,018,000	6,464,000	446,497,000	12,296,000	357,351,000	311,948,000	292,355	280,260,000	8,778,000	6,308,000	6,418,000	224,232,000	7,406,000	202,445,000	156,706,000	9,997,000	6,529,000	5,077,000	127,900,000	3,770,000	2,418,000	2,167,000	2,619,000
operating lease liabilities – less current portion	159,422,000		159,261,000	142,105,000	146,250,000		148,839,000	144,250,000	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	12,954,000	10,577,000	10,649,000	10,121,000	9,565,000	9,587,000	14,587,000	14,548,000	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	90,435	78,994,000	77,483,000	68,193,000	91,151,000	88,506,000	88,084,000	14,946,000	14,707,000	77,858,000	75,936,000	86,262,000	94,848,000	96,417,000	87,553,000	92,098	70,830,000	61,111,000	42,646,000	43,758,000	56,265,000	53,275,000	44,436,000	68,688,000	67,845,000	39,334,000	33,778,000		18,310,000	16,029,000	21,444,000	19,854,000
total long-term liabilities	1,985,064,000		2,016,548,000	2,010,618,000	1,988,264,000		1,869,135,000	1,918,597,000	1,908,702,000		1,888,946,000	1,805,473,000	1,874,820,000		1,910,374,000	1,934,040,000	1,957,092,000		2,031,461,000	2,164,264,000	2,245,899,000		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			1,519,513,000	1,573,687,000	1,464,744,000	1,521,919,000	1,510,871,000	1,511,891,000				1,487,061,000		1,591,054,000					639,737,000	488,736,000	475,539,000		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	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					5,734,000		5,734,000		5,734,000			5,734,000	5,734,000	5,734,000		3,091,000	3,091,000	3,091,000	3,091,000
additional paid-in capital	870,284,000		870,520,000	867,143,000	865,007,000		865,973,000	862,258,000	859,150,000		861,928,000	857,965,000	856,680,000		857,674,000	854,781,000	853,610,000		851,587,000	848,081,000	846,259,000		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			430,479,000	427,173,000	428,836,000	432,132,000	428,835,000	426,648,000				401,826,000		397,785,000					238,238,000	236,104,000	237,014,000		232,864,000			225,718,000	211,983,000	208,032,000		204,453,000	189,069,000	185,123,000	178,720,000
accumulated other comprehensive income – net	84,121,000		63,988,000	65,612,000	69,633,000		34,618,000	35,124,000	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			-46,451,000	-47,186,000	-44,037,000	-56,316,000	-57,439,000	-60,026,000				-58,237,000							-31,917,000	-32,426,000			-34,812,000
retained earnings	3,414,138,000		3,241,131,000	3,148,635,000	3,054,358,000		2,935,555,000	2,845,587,000	2,761,733,000		2,629,759,000	2,566,795,000	2,509,428,000		2,431,421,000	2,392,330,000	2,363,873,000		2,335,478,000	2,600,208,000	2,590,018,000		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			2,309,881,000	2,277,871,000	2,238,929,000	2,150,142,000	2,093,299,000	2,035,224,000				1,558,750,000		1,439,079,000					1,120,737,000	1,079,045,000	1,046,615,000		984,308,000			804,425,000	647,692,000	524,351,000		428,900,000	373,398,000	360,119,000	310,575,000
treasury stock	-960,825,000		-821,007,000	-699,867,000	-669,510,000		-540,367,000	-488,059,000	-446,393,000		-360,420,000	-339,659,000	-306,746,000		-309,130,000	-304,314,000	-289,098,000		-295,203,000	-295,463,000	-296,353,000		-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			-320,364,000	-320,301,000	-323,308,000	-289,165,000	-225,636,000	-188,704,000				-83,596,000		-86,747,000					-97,179,000		-99,622,000		-78,585,000			-90,777,000
total kirby stockholders’ equity	3,414,265,000		3,361,179,000	3,388,070,000	3,326,035,000		3,302,326,000	3,261,457,000	3,215,648,000		3,156,892,000	3,110,644,000	3,082,926,000		2,973,057,000	2,927,387,000	2,909,455,000		2,843,746,000	3,101,690,000	3,085,267,000		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			2,379,523,000	2,343,535,000	2,306,398,000	2,242,771,000	2,245,037,000	2,219,120,000				1,824,721,000		1,694,968,000					1,235,613,000	1,190,623,000	1,156,099,000		1,109,509,000
noncontrolling interests	2,410,000		2,062,000	1,820,000	1,719,000		1,284,000	1,221,000	1,093,000		1,190,000	2,165,000	2,214,000		2,306,000	2,357,000	2,410,000		2,478,000	3,639,000	3,477,000		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			7,226,000	7,144,000	10,262,000	10,907,000	10,806,000	10,801,000				11,439,000		12,086,000					7,228,000	7,091,000	3,040,000		3,105,000
total equity	3,416,675,000	3,382,793,000	3,363,241,000	3,389,890,000	3,327,754,000	3,353,248,000	3,303,610,000	3,262,678,000	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	2,412,867	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	2,090,911,000	1,912,255,000	1,836,160,000	1,769,440,000	1,707,054,000	1,620,711,000	1,510,167,000	1,454,158	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	6,119,203,000		6,063,559,000	6,079,965,000	6,014,601,000		5,870,723,000	5,865,898,000	5,775,837,000		5,682,880,000	5,574,579,000	5,574,748,000		5,456,298,000	5,405,156,000	5,382,792,000		5,389,882,000	5,767,815,000	5,788,086,000		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			4,223,827,000	4,268,815,000	4,108,986,000	4,165,939,000	4,154,503,000	4,151,894,000				3,724,309,000		3,653,128,000					2,121,721,000	1,844,092,000	1,794,937,000		1,705,629,000
assets:
current assets		1,077,855,000				1,068,559,000				1,135,161,000				1,211,759,000				1,003,865,000				1,047,971,000									1,054,520,000			890,764,000		609,588,000	646,555							661,405,000	654,975,000	535,183,000		585,786,000		555,033,000	527,969,000	529,329	496,549,000				391,561,000		336,752,000	237,729,000				205,997,000
investment in affiliates		3,188,000				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			2,622												1,808,000			3,682				3,336,000
liabilities and stockholders’ equity:
current liabilities		706,524,000				734,753,000				675,795,000				642,197,000				543,772,000				466,032,000									567,926,000			462,190,000		333,536,000	358,338							470,511,000	440,130,000	325,251,000		363,926,000		327,663,000	369,248,000	358,800	333,348,000				152,088,000		151,664,000	150,600,000				147,880,000
long-term debt, net — less current portion		911,924,000				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		169,854,000				148,170,000				138,811,000				142,140,000				159,672,000				163,496,000				139,457,000
income taxes payable			587,000	778,000	21,927,000		21,648,000	10,194,000	11,252,000		2,247,000		1,106,000				93,000		499,000	497,000	489,000		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			126,000	3,173,000	3,169,000	1,669,000	1,106,000	14,894,000				4,107,000		2,369,000					6,486,000	4,966,000	3,065,000		3,858,000			4,755,000	9,182,000	3,016,000		2,669,000	7,927,000	986,000	897,000
trade — less allowance for doubtful accounts of 8,372																										379,174,000
inventories — at lower of average cost or net realizable value																										351,401,000
property and equipment:
marine transportation equipment																										4,770,213,000				4,477,718,000																			3,029,219,000							1,748,488,000					1,550,547,000	1,391,613,000	1,190,163,000
land, buildings and equipment																										553,877,000				534,106,000																			189,894,000							113,823,000					105,028,000	98,317,000	90,517,000		73,562,000		71,119,000	66,545,000
property and equipment — net																										3,777,110,000				3,539,802,000																			2,315,165,000							1,118,161,000
accrued liabilities:
interest																										12,700,000				13,171,000																			1,628,000							1,006,000					1,008,000	1,200,000	1,342,000
insurance premiums and claims																										108,405,000				109,634,000																			44,589,000							24,416,000					25,796,000	21,360,000	20,775,000
employee compensation																										42,875,000				53,089,000																			39,561,000							30,582,000					36,957,000	34,439,000	26,565,000
taxes — other than on income																										39,286,000				38,680,000																			10,760,000							7,550,000					7,300,000	6,789,000	6,167,000
accumulated other comprehensive income — net																										-37,799,000				-33,511,000																			-61,127,000							-33,642,000					-55,047,000	-22,522,000	-23,087,000		-2,028,000
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			-1,385,354,000	-1,342,645,000	-1,324,627,000	-1,249,661,000	-1,210,868,000	-1,170,260,000				-948,499,000							-781,707,000	-755,904,000			-709,143,000								420,531,000
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							200,006,000					246,064,000	296,015,000	309,518,000		200,032,000	203,835,000	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	708,000,000	860,930,000	943,240,000	1,031,960,000		723,470,000	701,953,000		764,311,000	319,703,000	200,004,000		200,124,000	200,157,000	200,193,000	225,049,000
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
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
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					71,000	120,000	128,000		33,000			1,243,000	1,368,000	844,000		4,000	1,304,000	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
long-term debt-less current portion																																					722,802															763,000
trade — less allowance for doubtful accounts of 4,720																																																	313,182,000
inventories — net, at lower of average cost or market																																																	177,397,000
goodwill — net																																																	596,030,000							228,873,000										160,641,000
property and equipment - net																																																						1,234,325,000				1,102,291,000
goodwill – net																																																						369,327,000	237,137,000			228,873,000
inventory – finished goods																																																							35,839,000			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
equity																																																											1,082,870,000	924,994,000
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	1,962,000	11,866,000	10,294,000	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	2,959,000	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
long-term debt - less current portion																																																																200,506,000
minority interest and other long-term liabilities																																																																18,365,000
stockholders’ equity																																																																573,394,000
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
trade — less allowance for doubtful accounts																																																																		106,189,000
inventory — finished goods																																																																		15,727,000
accumulated other comprehensive income																																																																		-2,960,000	-5,672,000	-5,950,000
deferred compensation																																																																		-6,179,000	-2,255,000	-1,003,000
less cost of 5,847,000 shares in treasury																																																																		101,747,000
goodwill — less accumulated amortization of 15,566,000 in 2004 and 2003																																																																			160,641,000
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

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	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	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

cash flows from operating activities:
net earnings	81,326,000	92,029,000	92,738,000	94,378,000	76,270,000	42,968,000	90,031,000	83,982,000	69,915,000	61,962,000	63,004,000	57,318,000	40,621,000	37,325,000	39,244,000	28,606,000	17,586,000					22,415,000	27,693,000	-73,510,000	-248,190,000	2,972,000	48,150,000	47,440,000	44,457,000	37,128,000	-19,509,000	28,793,000	32,666,000	183,830,000	-24,828,000	25,972,000	27,645,000	32,858,000	32,353,000	39,109,000	38,484,000	57,111,000	58,376,000	61,411,000	77,213,000	75,911,000	63,011,000	69,696,000	63,792,000	57,552,000	53,731,000	48,435,000	51,879,000	56,769,000	53,594,000	42,229,000	32,900,000	31,923,000	30,905,000	29,643,000	24,911,000	29,641,000	35,448,000			38,409,000	41,778,000	40,334,000	36,647,000	34,352,000	34,430,000	30,137,000	24,422,000	23,938,000	25,600,000	23,333,000	22,580,000	19,770,000	17,285,000	18,447,000	13,279,000
adjustments to reconcile net earnings to net cash from operations:
depreciation and amortization	68,238,000	67,853,000	66,873,000	65,670,000	63,730,000	62,545,000	60,653,000	59,482,000	57,642,000	54,905,000	53,445,000	51,697,000	51,109,000	50,945,000	50,419,000	50,115,000	49,964,000	50,234,000	53,462,000	55,132,000	54,890,000	54,854,000	54,779,000	54,502,000	55,786,000	54,861,000	54,455,000	55,093,000	55,223,000	167,042,000	-51,780,000	55,492,000	54,218,000	93,941,000	-45,257,000	48,293,000	48,170,000	52,490,000	50,142,000	49,661,000	48,624,000	49,759,000	46,825,000	45,766,000	42,433,000	41,407,000	41,036,000	41,640,000	40,271,000	40,996,000	35,729,000	35,197,000	36,474,000	35,796,000	36,827,000	28,213,000	25,193,000	24,937,000	24,135,000	22,854,000	23,370,000	24,244,000	24,929,000	22,519,000	22,276,000	24,067,000	22,420,000	22,385,000	22,327,000	20,642,000	20,407,000	20,280,000	19,587,000	17,102,000	16,689,000	15,515,000	15,090,000		13,725,000	13,964,000	14,981,000
provision for deferred income taxes	9,813,000	14,313,000	58,525,000	7,047,000	2,570,000	-7,310,000	14,772,000	14,515,000	9,411,000	18,857,000	16,203,000	17,665,000	12,573,000	11,796,000	10,651,000	9,479,000	5,856,000	12,029,000	-60,828,000			19,781,000															8,562,000									5,629,000	8,784,000			21,497,000			18,183,000	24,621,000							2,237,000				9,520,000
amortization of share-based compensation	10,143,000	2,996,000	3,420,000	3,300,000	7,847,000	2,712,000	3,438,000	2,991,000	6,408,000	2,631,000	3,398,000	3,104,000	5,808,000	2,417,000	2,893,000	2,590,000	5,965,000
amortization of major maintenance costs	6,703,000	7,144,000	7,719,000	7,450,000	7,185,000	7,607,000	8,210,000	8,410,000	8,345,000	7,916,000	7,007,000	7,051,000	6,992,000	7,354,000	7,272,000	7,292,000	7,113,000	7,024,000	9,107,000	8,722,000	8,360,000	8,357,000	7,384,000	7,370,000	7,103,000	6,667,000	6,864,000	5,457,000	4,974,000	5,160,000	5,262,000	5,445,000	4,893,000		5,294,000	4,904,000	5,034,000	5,659,000	4,915,000	4,687,000	4,608,000	6,800,000	5,428,000	4,932,000
other	782,000	1,794,000	-3,632,000	-1,068,000	1,246,000	533,000	-1,041,000	-692,000	1,607,000	4,663,000	-4,890,000	-809,000	-2,302,000	7,325,000	-1,196,000	-2,932,000	-3,480,000	5,650,000	-1,981,000	-3,171,000	-1,138,000	-3,613,000	10,000	3,401,000	112,000		-69,000	-3,262,000	-2,544,000	-111,471,000	112,999,000	-5,000	-1,773,000	-73,989,000	77,884,000	-1,009,000	1,038,000		-429,000	-319,000	-342,000	774,000	1,194,000	-1,124,000	4,199,000	3,534,000	3,605,000	2,181,000	1,320,000	2,155,000	657,000	916,000	1,211,000	798,000	172,000	-49,000	-20,000		-79,000	-41,000	-45,000	712,000	-1,034,000	-415,000	633,000	-590,000	2,000,000	-228,000	188,000	167,000	201,000	-199,000	741,000	242,000	254,000	280,000	-82,000	-2,805,000	780,000	912,000	309,000
decrease in cash flows resulting from changes in operating assets and liabilities	-79,355,000			-82,855,000	-122,307,000			10,631,000	-30,040,000		-41,889,000	75,443,000	-98,321,000											60,132,000	-175,900,000			28,617,000	-81,737,000				-87,926,000											-18,140,000			-3,378,000			-26,538,000	-9,224,000	-39,488,000	-36,285,000		-17,352,000												7,124,000				12,997,000
net cash from operating activities	97,650,000	312,210,000	227,531,000	93,922,000	36,541,000	247,384,000	206,503,000	179,319,000	123,288,000	216,001,000	96,278,000	211,469,000	16,480,000	132,943,000	65,541,000	63,422,000	32,222,000	41,214,000	82,544,000	95,260,000	102,558,000	85,177,000	117,619,000	170,643,000	71,501,000	124,214,000	199,402,000	149,668,000	38,529,000	74,695,000	118,549,000	135,021,000	18,734,000	66,275,000	65,660,000	108,593,000	85,202,000	77,545,000	126,626,000	98,385,000	111,482,000	131,551,000	143,353,000	102,565,000	74,157,000	136,197,000	115,211,000	181,440,000	171,479,000	97,796,000	109,626,000	63,234,000	73,368,000	96,669,000	97,501,000	54,069,000	63,756,000	75,409,000	66,798,000	46,448,000	56,591,000	82,784,000	85,543,000	70,113,000	81,445,000	62,499,000	84,622,000	37,517,000	61,309,000	79,908,000	68,253,000	40,445,000	47,140,000	47,163,000	40,667,000	31,228,000	31,306,000		41,903,000	27,772,000	36,302,000
cash flows from investing activities:
capital expenditures	-48,256,000	-47,033,000	-67,280,000	-71,473,000	-78,687,000	-96,670,000	-76,383,000	-88,560,000	-81,047,000	-126,767,000	-103,718,000	-98,046,000	-73,199,000	-52,343,000	-41,204,000	-43,984,000	-35,075,000	-26,047,000	-33,599,000	-24,317,000	-14,052,000	-18,814,000	-36,541,000	-43,605,000	-49,225,000	-64,096,000	-56,800,000	-66,336,000	-60,932,000	-70,109,000	-78,841,000	-111,950,000	-40,961,000	-178,730,000	-40,928,000	-46,744,000	-45,765,000	-61,761,000	-58,257,000	-60,525,000	-50,523,000	-75,050,000	-93,619,000	-96,533,000	-70,799,000	-101,042,000	-62,257,000	-38,872,000	-97,018,000	-71,157,000	-102,041,000	-91,979,000	-61,867,000	-63,028,000	-65,237,000	-66,859,000	-31,114,000	-28,805,000	-40,399,000	-33,214,000	-34,423,000	-29,688,000	-46,364,000	-51,763,000	-64,845,000	-31,494,000	-35,014,000	-57,758,000	-48,753,000	-41,056,000	-27,455,000	-41,923,000	-53,649,000	-29,015,000	-45,728,000	-42,760,000	-21,626,000		-29,555,000	-39,540,000	-24,023,000
free cash flows	49,394,000	265,177,000	160,251,000	22,449,000	-42,146,000	150,714,000	130,120,000	90,759,000	42,241,000	89,234,000	-7,440,000	113,423,000	-56,719,000	80,600,000	24,337,000	19,438,000	-2,853,000	15,167,000	48,945,000	70,943,000	88,506,000	66,363,000	81,078,000	127,038,000	22,276,000	60,118,000	142,602,000	83,332,000	-22,403,000	4,586,000	39,708,000	23,071,000	-22,227,000	-112,455,000	24,732,000	61,849,000	39,437,000	15,784,000	68,369,000	37,860,000	60,959,000	56,501,000	49,734,000	6,032,000	3,358,000	35,155,000	52,954,000	142,568,000	74,461,000	26,639,000	7,585,000	-28,745,000	11,501,000	33,641,000	32,264,000	-12,790,000	32,642,000	46,604,000	26,399,000	13,234,000	22,168,000	53,096,000	39,179,000	18,350,000	16,600,000	31,005,000	49,608,000	-20,241,000	12,556,000	38,852,000	40,798,000	-1,478,000	-6,509,000	18,148,000	-5,061,000	-11,532,000	9,680,000		12,348,000	-11,768,000	12,279,000
acquisitions of businesses and marine equipment	-81,400,000	-9,266,000	-9,200,000	0	-97,250,000		0								0				0				-6,525,000	-281,825,000	-60,422,000													-11,440,000	-4,641,000																	-271,902,000	-58,500,000
proceeds from disposition of assets	2,708,000	2,675,000	16,754,000	11,499,000	81,000		4,778,000	6,642,000	2,412,000		1,317,000	12,498,000	8,031,000		9,593,000	9,031,000	14,280,000		22,432,000	11,977,000	4,754,000		1,620,000	925,000	3,993,000	23,167,000	11,126,000	10,177,000	13,187,000	25,586,000	2,598,000	13,027,000	12,181,000	-10,092,000	1,777,000	20,008,000	7,958,000	3,481,000	11,989,000	2,850,000	297,000	2,466,000	396,000	10,240,000	4,255,000	3,521,000	363,000	17,279,000	11,250,000	1,861,000	8,514,000	3,217,000	3,434,000	7,854,000	1,787,000	421,000	1,759,000	2,224,000	1,278,000	4,326,000	1,897,000	3,769,000	2,733,000	214,000	672,000	632,000	79,000	1,225,000	42,000	2,604,000	152,000	134,000	527,000	423,000	634,000	1,557,000	463,000	794,000	-20,000	5,232,000	280,000
net cash from investing activities	-126,948,000	-53,624,000	-59,726,000	-62,974,000	-175,856,000	-102,737,000	-71,605,000	-147,150,000	-78,635,000	-122,532,000	-139,901,000	-85,548,000	-65,168,000	-48,342,000	-31,611,000	-34,953,000	-24,695,000	-15,513,000	-11,167,000	-19,810,000	-9,298,000	-14,242,000	-41,446,000	-324,505,000	-105,654,000	-45,880,000	-50,374,000	-61,529,000	-295,215,000	-79,443,000	-76,243,000	-168,173,000	-458,757,000	-118,528,000	-490,370,000	-26,736,000	-37,807,000	-69,720,000	-50,909,000	-178,666,000	-50,226,000	-72,584,000	-93,223,000	-127,543,000	-73,044,000	-97,521,000	-61,894,000	-21,593,000	-87,300,000	-71,407,000	-93,527,000	-88,762,000	-58,433,000	-97,909,000	-564,628,000	-338,340,000	-87,855,000	-26,581,000	-39,121,000	-28,888,000	-32,526,000	-25,919,000	-43,631,000	-51,549,000	-64,173,000	-30,906,000	-35,237,000	-59,867,000	-50,511,000	-43,872,000	-39,676,000	-43,871,000	-100,484,000	-33,078,000	-75,290,000	-141,239,000	-37,669,000		-30,527,000	-41,308,000	-23,581,000
cash flows from financing activities:
borrowings on bank credit facilities	133,735,000			19,097,000	224,110,000			-12,673,000	43,575,000		69,161,000	-81,536,000	112,691,000																																						-4,560,000				-36,390,000																-50,150,000	24,200,000	49,200,000
payments on long-term debt	-70,000,000									0	0	0	-350,000,000	-80,000,000	-285,000,000	-20,000,000	-10,000,000	-45,000,000				0	0	0	-150,000,000	-65,000,000								-37,940,000								0			-42,000,000			-130,000,000	-13,000,000	-213,000,000	-13,002,000	-6,501,000	-6,502,000	-6,567,000	-26,501,000	-50,000	-10,000	-17,000	-40,000	-34,000	-14,000	-159,000	-13,000	-888,000	-27,000	-36,000	-20,000			-772,000	-40,000			-24,000	-25,000	-24,000	-23,000	-1,000	-1,000	-1,301,000	-1,000
payment of debt issuance costs	-132,000						0	0	-3,000		-1,000	0	-1,236,000
proceeds from exercise of stock options	4,308,000	4,684,000	0	0	262,000	1,042,000	4,279,000	2,587,000	1,509,000	778,000	3,313,000	0	118,000	2,000	0	1,549,000	2,336,000	0	124,000	94,000	411,000	0	0	0	353,000	2,180,000	1,660,000	488,000	1,415,000	0	277,000	12,695,000	292,000	6,856,000	238,000	580,000	1,258,000	0	0			0	3,337,000	375,000	135,000	2,944,000	4,331,000	1,755,000	311,000	2,262,000	1,923,000	249,000	1,001,000	4,018,000	0	214,000	135,000	1,060,000	153,000	3,374,000	297,000	718,000	524,000	779,000	753,000	4,201,000	0	6,542,000	2,145,000	1,012,000	1,947,000	1,097,000	1,662,000	1,080,000	1,109,000	3,830,000	7,169,000	13,716,000	2,006,000	705,000	2,627,000
payments related to tax withholding for share-based compensation	-6,671,000	-4,000	-20,000	-8,000	-5,949,000	-42,000	-17,000	-55,000	-5,284,000	-310,000	-3,000	-40,000	-3,555,000	-215,000	-1,000	-99,000	-3,093,000	0	-3,000	-808,000	-2,045,000	0	-2,000	-26,000	-3,165,000	0	-8,000	-20,000	-2,003,000	-1,000	-8,000	-1,047,000	-3,766,000		-25,000	-1,000	-2,873,000
treasury stock purchases	-52,675,000	-101,561,000	-119,965,000	-31,200,000	-101,473,000	-33,302,000	-55,806,000	-43,679,000	-41,787,000	-51,893,000	-23,310,000	-34,416,000	-3,184,000	0	-4,816,000
net cash from financing activities	8,537,000	-226,836,000	-189,163,000	-13,643,000	115,949,000	-137,276,000	-121,365,000	-53,845,000	-2,014,000	-103,008,000	49,136,000	-116,017,000	-5,190,000	-41,015,000	-22,043,000	-35,763,000	-9,942,000	-45,265,000	-70,052,000	-74,731,000	-121,265,000	-110,183,000	-65,058,000	-60,238,000	331,987,000	-63,022,000	-162,124,000	-72,907,000	256,175,000	8,931,000	-42,887,000	30,340,000	426,931,000	47,871,000	427,959,000	-83,036,000	-50,273,000	-7,572,000	-73,195,000	81,423,000	-65,424,000	-61,441,000	-49,632,000	5,170,000	-363,000	-54,986,000	-38,095,000	-158,628,000	-82,754,000	-33,610,000	-16,761,000	26,288,000	-26,139,000	9,124,000	468,160,000	119,510,000	592,000	-2,432,000	-19,224,000	1,827,000	-537,000	1,209,000	-10,628,000	-16,126,000	-19,879,000	-24,882,000	-53,571,000	24,783,000	-12,226,000	-34,849,000	-48,095,000	24,105,000	53,460,000	-15,550,000	37,463,000	88,118,000	11,696,000		-10,095,000	13,040,000	-11,069,000
decrease in cash and cash equivalents	-20,761,000											9,904,000	-53,878,000			-7,294,000	-2,415,000												-511,000		-581,000	-2,812,000	-13,092,000		3,249,000	-1,179,000	-2,878,000		2,522,000	1,142,000	-4,168,000	-2,474,000			750,000			1,219,000	1,425,000	-7,221,000	-662,000	760,000	-11,204,000												-2,607,000
cash and cash equivalents, beginning of year	78,775,000	0	0	0	74,444,000	0	0	0	32,577,000	0	0	0	80,577,000	0	0	0	34,813,000	0	0	0	80,338,000	0	0	0	24,737,000	0	0	0	7,800,000	0	0	0	20,102,000	10,615,000	0	0	5,634,000	0	0	0	5,885,000	0	0	24,299,000	0	0	4,022,000	0	0	11,059,000	0	0	16,249,000	0	0	0	195,600,000	0	0	0	97,836,000	0	0	0	8,647,000	0	0	0	5,117,000	0	0	0	2,653,000	0	0	0	17,838,000	0	0	0	629,000
cash and cash equivalents, end of period	58,014,000		-21,358,000	17,305,000	51,078,000		13,533,000	-21,676,000	75,216,000		5,513,000	9,904,000	26,699,000		11,887,000	-7,294,000	32,398,000		1,325,000	719,000	52,333,000		11,115,000	-214,100,000	322,571,000		-13,096,000	15,232,000	7,289,000		-581,000	-2,812,000	7,010,000		3,249,000	-1,179,000	2,756,000		2,522,000	1,142,000	1,717,000	-2,474,000	498,000	4,491,000	750,000	-16,310,000	19,244,000	1,219,000	1,425,000	3,838,000	-662,000	760,000	5,045,000		1,033,000	-164,761,000	172,093,000		8,453,000	19,387,000	121,364,000		31,284,000	2,438,000	6,040,000		-4,186,000	2,433,000	3,689,000		-19,518,000	20,679,000	2,769,000		2,840,000	-21,893,000	23,171,000		1,281,000	-496,000	2,281,000
supplemental disclosures of cash flow information:
cash paid during the period:
interest paid	18,778,000	3,480,000	19,870,000	5,206,000	17,711,000	2,459,000	20,357,000	4,732,000	21,511,000	4,041,000	20,723,000	4,260,000	20,293,000	3,062,000	19,593,000	2,139,000	18,022,000	1,744,000	18,221,000	2,181,000	18,732,000	2,945,000	19,511,000	4,531,000	21,734,000	3,330,000	23,165,000	6,014,000	23,257,000	3,597,000	23,090,000	3,322,000	10,763,000		8,666,000	868,000	8,856,000	948,000	9,107,000	1,080,000	8,743,000
income taxes paid	713,000		1,224,000	54,748,000	24,994,000				1,062,000													928,000	1,205,000			-229,000	763,000					589,000	-721,000		3,114,000	14,588,000	1,686,000	3,261,000	382,000	14,931,000	-412,000
operating cash outflow from operating leases	13,447,000	13,761,000	13,634,000	12,792,000	11,749,000	11,081,000	11,918,000	11,724,000	11,256,000	10,688,000	10,497,000	12,318,000	10,451,000	10,817,000	11,125,000	11,247,000	11,040,000	10,514,000	11,579,000	11,308,000	10,688,000	11,132,000	11,184,000	11,585,000	9,738,000	9,952,000	9,638,000	9,644,000	10,142,000
non-cash investing activity:
capital expenditures included in accounts payable	-2,274,000	-24,694,000	10,974,000	11,601,000	-12,011,000	-8,596,000	3,744,000	-3,605,000	1,590,000	11,872,000	2,759,000	3,133,000	-8,197,000	11,504,000	-4,853,000	-3,168,000	-487,000	32,182,000	4,852,000	-11,194,000	-7,207,000	-24,721,000	6,505,000	7,643,000	-2,707,000	7,465,000	1,033,000	10,399,000	-5,022,000	-10,887,000	10,944,000	-11,050,000	-5,448,000		2,628,000	8,067,000	-1,778,000	259,000	7,473,000	-8,782,000	-987,000
right-of-use assets obtained in exchange for lease obligations	4,946,000	23,523,000	37,107,000	8,188,000	5,516,000	14,821,000	17,685,000	15,957,000	5,088,000	6,501,000	11,814,000	10,070,000	10,768,000	8,470,000	4,039,000	3,826,000	6,464,000	15,725,000	10,704,000	1,194,000	6,219,000	4,041,000	3,716,000	34,077,000	4,677,000	11,459,000	7,199,000	1,245,000	1,292,000
provision for doubtful accounts
gain on disposition of assets																														-1,950,000																																								-148,000	-30,000			-239,000	-255,000				24,000
impairments
increase in cash flows resulting from changes in:
accounts receivable																														-15,016,000				-106,635,000																								165,000	-5,526,000	2,323,000	-14,525,000	4,360,000	10,376,000	9,278,000	35,069,000
inventory
other assets																														-87,438,000				-299,445,000
income taxes payable																														-4,222,000				-5,781,000
accounts payable																														-228,059,000				-224,593,000
accrued and other liabilities
borrowings (payments) on bank credit facilities		-129,926,000				-4,949,000								-20,306,000	19,392,000	1,109,000	1,163,000	-48,000	-54,434,000	-74,017,000	-119,606,000	-110,115,000	-64,852,000	-60,010,000	485,001,000					9,937,000					429,036,000			-3,403,000			-62,886,000		88,121,000	102,200,000				-30,310,000
borrowings on long-term debt										0	0	0	240,000,000	60,000,000												0	0	0	500,000,000			0	499,295,000															0	0	225,000,000				1,000
payment of debt issue costs																																-12,000	-4,251,000
increase in cash and cash equivalents		31,750,000	-21,358,000	17,305,000	-23,366,000	7,371,000	13,533,000	-21,676,000	42,639,000	-9,539,000				43,586,000				-19,564,000	1,325,000	719,000	-28,005,000	-39,248,000	11,115,000	-214,100,000	297,834,000	15,312,000	-13,096,000																	-19,808,000			15,222,000							7,884,000	1,033,000	-164,761,000	-23,507,000	46,396,000	8,453,000	19,387,000	23,528,000	58,074,000	31,284,000			6,711,000	-4,186,000	2,433,000	-1,428,000	1,187,000	-19,518,000	20,679,000	116,000	-1,465,000	2,840,000	-21,893,000	5,333,000		1,281,000	-496,000	1,652,000
cash and cash equivalents, end of year
increase in cash flows resulting from changes in operating assets and liabilities															-43,742,000	-31,728,000	-50,782,000		3,578,000	15,886,000	38,377,000														-37,177,000	16,725,000	-8,140,000		19,568,000	-12,884,000	2,611,000	8,059,000			-69,553,000			43,423,000									-10,087,000												-5,773,000				127,000		-752,000				9,398,000	-4,629,000	6,904,000
acquisitions of businesses and marine equipment, net of cash acquired																										-4,951,000	-4,700,000	-5,370,000	-247,470,000	-34,670,000	0	-69,250,000	-429,977,000	70,294,000																				-42,745,000																-5,419,000	-12,374,000
proceeds from disposition of assets and other
return of investment to noncontrolling interests and other
income taxes paid (refunded)						4,091,000	1,085,000			1,331,000	803,000	-68,615,000	694,000	456,000	907,000
provision (credit) for doubtful accounts
impairments and other charges																		0				0	0	127,933,000	433,341,000
return of investment to noncontrolling interest and other											-24,000	-25,000	-24,000		-80,000	-237,000	-348,000
acquisitions of businesses																	-3,900,000
income taxes refunded																	-24,000		441,000	1,208,000	-117,659,000				-160,000				-1,024,000
amortization of unearned share-based compensation																		2,920,000	3,645,000	3,426,000	5,722,000	2,656,000	3,414,000	3,321,000	5,331,000	2,533,000	3,172,000	3,007,000	4,900,000	2,455,000	3,098,000	6,000,000	7,551,000	805,000	3,067,000	3,231,000	2,693,000	2,834,000	3,296,000	2,961,000	2,584,000	3,127,000	2,713,000	2,538,000	3,551,000	3,120,000	2,153,000	3,860,000	2,927,000	2,134,000	2,842,000	2,583,000	1,906,000
net loss																					-3,120,000
adjustments to reconcile net loss to net cash from operations:
return of investment to noncontrolling interest																			-739,000	0	-25,000
benefit for deferred income taxes																					-533,000			-12,506,000	-6,082,000
return of investment to noncontrolling interests
purchase of treasury stock																																						0	0	0	-1,827,000	-63,304,000	-40,840,000	-98,011,000														-3,209,000	-18,887,000							-7,476,000	-22,726,000	0	-3,175,000					0
cash acquired in acquisition																														0	0	0	2,313,000																					0
payments of debt issue costs																											0	-165,000	-2,232,000
cash paid (received) during the period:
equity in earnings of affiliates, net of distributions and contributions
impairment and other charges
amortization of leases																										-80,000	-256,000	-600,000	446,000
amortization of debt issuance costs																										490,000	493,000	399,000	320,000	320,000	320,000	319,000	259,000		198,000	388,000	200,000	201,000	199,000	201,000	200,000
acquisitions of noncontrolling interest
stock issued in acquisition																																																						0
debt assumed in acquisition																																																																										0	0
benefit from deferred income taxes																											14,495,000	13,517,000	12,490,000		13,457,000	14,535,000	8,846,000	44,222,000	14,132,000				16,582,000	14,969,000	14,713,000	5,921,000	6,619,000	7,182,000												9,930,000	13,810,000					10,517,000	13,006,000				8,866,000	4,598,000	5,762,000
payments on bank credit facilities																											-103,572,000	-73,004,000	-240,801,000			18,929,000	-64,414,000				-48,451,000									7,300,000	-41,150,000			-43,650,000			-22,510,000									0			-21,000,000																-13,600,000
impairment of long-lived assets
impairment of goodwill
borrowings (payments) on long-term debt																														0																																							-26,000				978,000
fair value of property transferred in acquisition																																						0	0
current assets:
cash and cash equivalents																																		-4,810,000
accounts receivable:
trade – less allowance for doubtful accounts
inventories – net
prepaid expenses and other current assets
total current assets
property and equipment
less accumulated depreciation
property and equipment – net
goodwill
other intangibles – net
total assets
current liabilities:
bank notes payable
accrued liabilities
deferred revenues
total current liabilities
long-term debt – less current portion
deferred income taxes																																																																							-1,567,000	1,216,000	1,041,000		-2,891,000	-64,000	20,000		1,386,000	-352,000	-364,000
other long-term liabilities
total long-term liabilities
contingencies and commitments
equity:
kirby stockholders’ equity:
common stock, .10 par value per share. authorized 120,000,000 shares, issued 65,472,000 shares
additional paid-in capital
accumulated other comprehensive income – net
retained earnings
treasury stock – at cost, 5,595,000 shares at september 30, 2018 and 5,783,000 at december 31, 2017
total kirby stockholders’ equity
noncontrolling interests
total equity
total liabilities and equity
revenues:
marine transportation																																		1,090,083,000
distribution and services
total revenues																																		1,571,384,000
costs and expenses:
costs of sales and operating expenses																																		1,031,322,000
selling, general and administrative																																		126,794,000
taxes, other than on income																																		8,001,000
total costs and expenses																																		1,259,913,000
operating income																																		311,471,000
other income																																		-85,000
interest expense																																		-18,997,000
earnings before taxes on income																																		292,665,000
benefit from taxes on income																																		-108,835,000
less: net earnings attributable to noncontrolling interests																																		-2,999,000
net earnings attributable to kirby																																		180,831,000																															28,006,000
net earnings per share attributable to kirby common stockholders:
basic																																		3,230
diluted																																		3,210
other comprehensive income, net of taxes:
pension and postretirement benefits																																		-10,777,000
foreign currency translation adjustments																																		266,000
reclassification to retained earnings of stranded tax effects from tax reform
total other comprehensive income, net of taxes
total comprehensive income, net of taxes																																		178,536,000
net earnings attributable to noncontrolling interests																																		-2,999,000
comprehensive income attributable to kirby																																		175,537,000
income taxes																																										23,592,000	45,220,000	140,000	26,351,000	58,067,000	565,000	5,031,000	18,146,000	-177,000	10,179,000	18,425,000	749,000	15,770,000	12,088,000	6,821,000	247,000	490,000	15,448,000	33,809,000	996,000	4,315,000	9,856,000	16,716,000	118,000	2,279,000	24,101,000	36,754,000	2,046,000	20,449,000	13,472,000	29,283,000	137,000	12,032,000	16,878,000	23,229,000	2,933,000		9,637,000	17,959,000	166,000
basis for preparation of the condensed financial statements
accounting standards adoptions
statements of earnings:
distribution and services revenues
statements of comprehensive income:
statements of cash flows:
balance sheets:
trade receivables
revenues
marine transportation segment:
inland transportation
coastal transportation
distribution and services segment:
oil and gas
commercial and industrial
acquisitions
assets:
cash
liabilities:
total liabilities
net assets acquired
inventories
finished goods																																		-117,534,000
work in process																																		-28,472,000
fair value measurements
long-term debt
stock award plans
compensation cost																																		6,161,000
income tax benefit																																		2,300,000
outstanding at december 31, 2017
granted																																		-123,018,400
exercised																																		21,163,360
forfeited																																		17,054,000
outstanding at september 30, 2018
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
vested																																		105,469,340
nonvested balance at september 30, 2018
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																																		400
stock price volatility																																		6,000
estimated option term
other comprehensive income
amortization of net actuarial loss
foreign currency translation
total
actuarial gains
adoption of asu 2018-02 – reclassification to retained earnings
segment data
segment profit
total assets:
general corporate expenses
general corporate assets
investment in affiliates
taxes on income
earnings before taxes on income:
united states
foreign
benefit from taxes on income:
federal:
current																																		30,023,000
deferred																																		51,319,000
state and local:
foreign - current
earnings per share
undistributed earnings allocated to restricted shares
income available to kirby common stockholders - basic
undistributed earnings reallocated to restricted shares
income available to kirby common stockholders - diluted
shares outstanding:
weighted-average common stock issued and outstanding
weighted-average unvested restricted stock
weighted-average common stock outstanding - basic
dilutive effect of stock options and restricted stock units
weighted-average common stock outstanding - diluted
retirement plans
components of net periodic benefit cost:
service cost																																		5,561,000
interest cost																																		6,373,000
expected return on plan assets
amortization of actuarial loss
net periodic benefit cost																																		-1,361,000
amortization of actuarial gain
contingencies
item 2.
weighted-average number of common stock - diluted
marine transportation revenues
operating margins
markets serviced
petrochemicals
black oil
refined petroleum products
agricultural chemicals
current assets
other intangibles
liabilities and stockholders’ equity:
current liabilities
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:
diesel engine services
loss on disposition of assets
equity in earnings of affiliates
change in fair value of derivative instruments
total comprehensive loss, net of taxes
retirement of interest rate swaps assumed in acquisition																																																						0
proceeds from noncontrolling interest investments
excess tax benefit from equity compensation plans																																										-49,000	49,000	1,015,000	-19,000	1,502,000	4,653,000	571,000	387,000	1,866,000	-33,000	38,000	2,337,000	559,000	-32,000			208,000	-338,000	625,000	-122,000			-577,000	883,000	316,000	-852,000	2,791,000	3,260,000
cash paid during the year:
interest																																										8,926,000	1,360,000	9,190,000	8,415,000	1,003,000	8,957,000	11,909,000	2,592,000	5,420,000	5,309,000	5,277,000	5,342,000	5,131,000	5,455,000	3,194,000	2,675,000	2,656,000	2,767,000	2,620,000	2,561,000	2,687,000	2,717,000	2,681,000	2,814,000	3,381,000	3,305,000	3,383,000	3,933,000	4,557,000	5,396,000	5,215,000	5,003,000	4,882,000	4,163,000	2,884,000	3,225,000		2,800,000	3,229,000	2,999,000
noncash investing activity:
stock issued in acquisitions
cash acquired in acquisitions																																																																						0	0			0	-77,000
disposition of assets for receivables
common stock:
balance at beginning of year
issuance of shares in acquisitions
balance at end of year
additional paid-in capital:
excess of proceeds received upon exercise of stock options and issuance of restricted stock over cost of treasury stock issued
tax benefit realized from equity compensation plans
issuance of restricted stock, net of forfeitures
amortization of unearned compensation																																																							2,617,000	2,530,000	1,960,000		2,291,000	2,073,000	4,669,000	3,430,000	2,406,000	2,179,000	1,840,000	2,025,000	2,434,000	2,641,000	2,158,000	1,520,000	1,838,000	1,665,000	1,320,000	1,376,000	2,110,000	1,900,000	1,430,000
accumulated other comprehensive income:
other comprehensive loss, net of taxes
retained earnings:
net earnings attributable to kirby for the year
treasury stock:
cost of treasury stock issued upon exercise of stock options and issuance of restricted stock
noncontrolling interests:
acquisition of noncontrolling interests																																			0
balance at the end of year
december 31, 2012:
derivatives
contingent liabilities
december 31, 2011:
contingent liability
notional amount
100,000
50,000
liability derivatives
derivatives designated as hedging instruments under asc 815:
foreign currency contracts
interest rate contracts
total derivatives designated as hedging instruments under asc 815
total liability derivatives
derivatives in asc 815 cash
flow hedging relationships:
foreign exchange contracts
long-term debt, including current portion:
150,000,000 senior notes series a due february 27, 2020
350,000,000 senior notes series b due february 27, 2023
540,000,000 term loan due may 31, 2016
325,000,000 revolving credit facility due november 9, 2015
10,000,000 credit line due june 30, 2013
senior notes due february 28, 2013
other long-term debt
2013
2014
2015
2016
2017
thereafter
earnings before taxes on income — united states
state and local																																		8,841,000
united states income tax statutory rate
state and local taxes, net of federal benefit
other – net
current deferred tax assets:
compensated absences
allowance for doubtful accounts
insurance accruals
non-current deferred tax assets and liabilities:
deferred tax assets:
postretirement health care benefits
deferred compensation
unrealized loss on derivative financial instruments
unrealized loss on defined benefit plans
operating income carryforwards
deferred tax liabilities:
property
deferred state taxes
pension benefits
goodwill and other intangibles
additions based on tax positions related to the current year
additions for tax positions of prior years
reductions for tax positions of prior years
settlements
rental expense:
marine equipment — barges
marine equipment — towing vessels
other buildings and equipment
rental expense
outstanding at december 31, 2009
canceled or expired
outstanding at december 31, 2010
outstanding at december 31, 2011
outstanding at december 31, 2012
23.98 — 32.56
34.40 — 36.35
46.74
65.28 — 66.72
23.98 — 66.72
nonvested balance at december 31, 2009
nonvested balance at december 31, 2010
nonvested balance at december 31, 2011
nonvested balance at december 31, 2012
12.69 — 17.88
20.28 — 29.60
35.17 — 36.82
41.24 — 56.45
61.89 — 62.48
12.69 — 62.48
asset category
u.s. equity securities
international equity securities
debt securities
change in benefit obligation
benefit obligation at beginning of year
actuarial gain
gross benefits paid
benefit obligation at end of year
accumulated benefit obligation at end of year
weighted-average assumption used to determine benefit obligation at end of year
discount rate
rate of compensation increase
health care cost trend rate
initial rate
ultimate rate
years to ultimate
effect of one-percentage-point change in assumed health care cost trend rate on postretirement obligation
increase
decrease
change in plan assets
fair value of plan assets at beginning of year
actual return on plan assets
employer contribution
fair value of plan assets at end of year
funded status at end of year
fair value of plan assets
benefit obligations
funded status and amount recognized at end of year
amounts recognized in the consolidated balance sheets
current liability
long-term liability
amounts recognized in accumulated other comprehensive income
net actuarial gain
prior service cost
accumulated other compensation income
projected benefit obligation in excess of plan assets
projected benefit obligation at end of year
accumulated benefit obligation in excess of plan assets
expected employer contributions
first year
expected benefit payments
year one
year two
year three
year four
year five
next five years
expected federal subsidy
components of net periodic benefit cost
amortization:
actuarial loss
prior service credit
other changes in plan assets and benefit obligations recognized in other comprehensive income
current year actuarial loss
recognition of actuarial loss
recognition of prior service credit
total recognized in other comprehensive income
total recognized in net periodic benefit cost and other comprehensive income
weighted-average assumptions used to determine net periodic benefit cost
expected long-term rate of return on plan assets
curtailment loss
other changes in benefit obligations recognized in other comprehensive income
current year actuarial gain
recognition of actuarial gain
recognition of prior service cost
adjustment for actual medicare part d reimbursement
health care cost trend rate:
effect of one-percentage-point change in assumed health care cost trend rate on aggregate service and interest cost
pension and post-retirement benefits
income available to kirby common stockholders — basic
income available to kirby common stockholders — diluted
weighted-average common stock outstanding — basic
dilutive effect of stock options
weighted-average common stock outstanding — diluted
costs and expenses
depreciation and amortization:
capital expenditures:
item 15.
exhibit number
2.1
2.2
2.3
2.4
3.1
3.2
4.1
4.2
10.1
10.2
10.3
10.4
10.5
10.6†
10.7†
10.8†*
10.9†
10.10†
10.11†
10.12†
10.13†
10.14†
21.1*
23.1*
31.1*
31.2*
32*
101.ins**
101.sch**
101.cal**
101.def**
101.lab**
101.pre**
**
†
signature
/s/ joseph h. pyne
joseph h. pyne
/s/ david w. grzebinski
david w. grzebinski
/s/ ronald a. dragg
ronald a. dragg
/s/ richard j. alario
richard j. alario
/s/ c. sean day
c. sean day
/s/ bob g. gower
bob g. gower
/s/ william m. lamont, jr.
william m. lamont, jr.
/s/ david l. lemmon
david l. lemmon
/s/ monte j. miller
monte j. miller
/s/ george a. peterkin, jr.
george a. peterkin, jr.
/s/ richard r. stewart
richard r. stewart
/s/ william m. waterman
william m. waterman
current portion of long-term debt
treasury stock – at cost, 5,784,000 shares at september 30, 2017 and 5,921,000 at december 31, 2016
cash consideration paid
stock consideration through issuance of company common stock
fair value of consideration transferred
outstanding at december 31, 2016
outstanding at september 30, 2017
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
nonvested balance at september 30, 2017
actuarial losses
earnings before taxes on income – united states
subsequent event
land-based
marine
power generation
10.1†*
dated: november 8, 2017
payment of contingent liability																																													0	0	-4,756,000	0	0	-5,000,000
acquisition of noncontrolling interest																																							0
acquisition of marine equipment																																											0	-41,250,000
acquisitions of marine equipment
acquisition of businesses and marine equipment																																																0	-1,532,000	-2,111,000
excess tax benefit (expense) from equity compensation plans																																																									777,000
increase in cash flows resulting from changes in operating assets and liabilities:
equity in earnings of affiliates, net of distributions
adjustments to reconcile net earnings to net cash from operating activities:
acquisition of business and marine equipment
adjustments to reconcile net earnings attributable to kirby to net cash from operations:
increase (decrease) in cash flows resulting from changes in operating assets and liabilities:
benefit from doubtful accounts
provision (credit) for deferred income taxes
equity in earnings of marine affiliates, net of distributions																																																																						-40,000	-23,000						-466,000		-695,000	273,000	1,193,000
return of investment to minority interests
proceeds from minority interest investment
disposition of assets for note receivables																																																																										425,000	0
debt assumed in acquisitions																																																																						0
acquisitions of business and marine equipment, net of cash acquired																																																																			-302,000	-3,334,000	-1,800,000				-47,317,000		-22,652,000	-101,268,000	-15,505,000
borrowings (payments ) on bank credit facilities
accrued payable for working capital adjustment related to acquisition																																																																													735,000
borrowings (payment) on bank credit facilities																																																																					-14,150,000
cash assumed in acquisition
loss on debt retirement																																																																															0
proceeds from senior notes																																																																														0	0
payments on senior notes																																																																														0	0
tax benefit from equity compensation plans																																																																							481,000	30,000	1,911,000	216,000	-246,000	2,173,000	3,377,000
accrued payable for working capital adjustment related to acquisitions																																																																									264,000
equity in earnings of marine affiliates																																																																									-98,000
cash paid (received) during the year:
noncash investing and financing activity:
notes payable issued in acquisition
equity in (earnings) loss of marine affiliates, net of distributions																																																																											-88,000
proceeds from (payments on) bank credit facilities
proceeds from bank credit facilities
increase (decrease) in cash flows resulting from changes in operating assets and liabilities																																																																													-7,266,000
disposition of asset for note receivable																																																																															0
proceeds from (payments on) senior notes
adjustments to reconcile net earnings to net cash provided by operations:

Kirby Corporation(NYSE:KEX)

Kirby Corporation
(NYSE:KEX)