Matson, Inc. MATX Cash Flow

Matson, inc. (MATX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows From Operating Activities:
Net income
3,800	15,600	36,200	18,400	12,500	20,600	41,600	32,600	14,200	165,900	34,100	24,000	7,000	20,000	25,300	18,000	18,100	26,600	41,500	9,900	25,000	27,800	21,500	18,100	3,400	7,300	17,200	20,100	9,100	15,700	19,000	15,300	2,000	-	-	-	-	-	-	-	-
Depreciation and amortization
27,000	27,000	25,900	24,200	23,300	23,600	23,200	24,000	23,600	26,900	24,600	25,100	24,600	25,300	24,200	23,800	23,800	24,300	23,500	18,800	16,800	17,200	17,300	17,700	17,500	17,600	17,100	17,500	17,500	16,500	18,600	18,700	18,700	18,500	16,600	9,500	27,000	-8,200	27,000	26,000	26,000
Amortization of operating lease right of use assets
17,400	-	-	-	16,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
2,700	1,700	12,000	6,100	3,800	2,800	11,900	8,200	6,400	-150,200	11,300	8,100	2,900	0	17,300	4,400	3,000	18,800	11,200	16,200	4,500	5,600	-6,500	2,900	700	13,600	54,000	-6,600	-3,500	-1,600	-3,800	-2,800	-600	-	-	-	-	-	-	-	-
Loss (gain) on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,000	100	0	100	-	-	-	-	-	-	-	-
Post-retirement (income) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	200	500	900	1,000	-	-	-	-	-	-	-	-
Share-based compensation expense
3,100	2,600	2,500	3,000	3,200	3,900	2,700	2,800	2,700	3,300	2,900	2,300	2,600	2,000	3,000	3,400	2,800	2,600	2,000	4,800	2,800	3,100	1,900	1,900	1,800	1,600	1,500	1,500	1,300	1,100	1,100	1,000	800	-	-	-	-	-	-	-	-
Income from SSAT
4,000	3,000	8,400	900	8,500	8,000	9,200	9,100	10,500	8,900	7,500	6,900	4,900	6,600	3,600	3,000	2,600	3,400	4,500	5,200	3,400	1,200	3,100	2,100	200	1,000	-2,400	-800	200	100	700	1,600	800	-	-	-	-	-	-	-	-
Distribution from SSAT
7,800	10,500	5,200	5,300	4,200	0	24,500	10,500	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-100	-	100	-1,000	-600	-	-1,500	0	-600	-	1,000	3,700	-2,600	-	1,000	2,700	-1,600	-	-1,600	-300	3,300	-	-5,200	-1,100	-400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable, net
12,900	-18,000	11,000	-5,000	-5,800	-17,000	19,000	12,600	14,500	-19,200	15,300	600	8,400	-19,200	12,000	-4,600	-2,600	-25,100	17,400	-10,000	4,200	5,100	-4,200	18,800	-4,400	11,300	-8,500	12,100	-7,300	9,300	-500	3,100	-4,900	-	-	-	-	-	-	-	-
Deferred dry-docking payments
2,600	8,000	11,000	3,700	3,200	8,700	5,400	500	4,600	9,500	12,100	17,900	15,100	15,500	15,200	15,300	13,200	11,700	1,700	7,200	5,100	1,600	700	4,500	7,300	3,400	4,600	4,800	1,200	12,600	10,900	10,300	11,000	-	-	-	-	-	-	-	-
Deferred dry-docking amortization
6,100	60,200	-8,700	-25,300	8,100	64,900	-9,200	-9,100	-9,200	81,900	-10,100	-14,100	-11,500	-11,100	-10,600	-9,100	-8,100	-6,300	-5,700	-5,600	-5,500	-5,100	-5,400	-5,300	-5,300	-4,900	-5,900	-5,800	-5,400	-6,000	-6,200	-5,500	-5,600	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
200	800	200	-20,700	-4,800	-1,200	0	5,200	-8,200	-10,100	-5,400	0	1,100	-13,500	35,100	-300	-7,700	-2,000	2,600	13,300	-700	-7,700	-16,600	7,800	-800	-12,000	29,000	-1,000	-4,200	5,100	3,400	1,400	500	-	-	-	-	-	-	-	-
Accounts payable, accruals and other liabilities
38,900	-2,200	17,900	-9,200	-20,400	46,400	6,400	29,400	-11,000	5,900	23,900	3,900	-13,300	29,300	-4,800	6,900	-29,300	-7,300	-200	-9,300	7,400	7,700	-1,200	2,300	4,700	-2,600	-12,500	19,200	-1,900	1,600	9,500	-13,600	-5,400	-	-	-	-	-	-	-	-
Operating lease liabilities
-16,900	-	-	-	-16,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-1,500	-1,700	-6,100	-2,400	400	-6,900	-500	0	-200	300	-1,800	-3,400	800	-28,700	-2,000	4,100	400	-3,700	-5,100	23,100	-7,000	4,300	-3,300	5,200	-600	17,400	-2,500	1,600	-3,400	12,100	3,200	15,000	-9,500	-	-	-	-	-	-	-	-
Net cash provided by operating activities
68,600	68,400	72,200	74,800	33,400	102,000	83,900	89,200	29,900	77,900	83,600	59,400	4,000	70,300	8,700	59,000	19,800	86,300	56,100	56,600	46,300	69,600	46,900	19,100	30,100	57,900	58,300	44,500	35,000	25,700	39,800	23,400	5,100	32,800	45,200	37,100	-11,000	79,400	42,000	34,000	5,000
Cash Flows From Investing Activities:
Capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,100	8,900	3,300	-	5,400	15,300	4,900	15,500	9,900	3,500	6,300	7,300	13,300	9,000	8,500	7,700	11,600	12,900	15,000	32,200	15,000	16,000	8,000
Capitalized vessel construction expenditures
9,100	110,400	78,100	9,700	20,900	116,000	55,800	109,100	57,700	79,800	126,000	44,900	1,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other capital expenditures
26,100	28,500	24,300	24,900	13,500	17,900	19,200	12,400	13,100	11,700	6,200	14,200	22,900	17,600	14,400	22,300	30,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of property and equipment
14,500	300	900	1,000	1,200	105,000	20,300	10,000	1,000	-	-	-	-	300	500	1,200	500	800	3,100	1,300	300	1,300	2,400	800	400	500	1,100	1,900	1,000	5,900	400	200	300	600	800	-5,100	6,000	-26,900	19,000	9,000	0
Cash deposits into Capital Construction Fund
70,400	28,000	41,800	13,000	13,400	93,400	48,300	144,800	53,500	-	-	-	-	0	110,900	0	12,500	0	75,700	0	2,200	0	29,700	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	200	2,000	400	2,000	4,000	-2,000
Withdrawals from Capital Construction Fund
70,400	28,000	41,800	13,000	13,400	93,400	48,300	145,700	53,500	-	-	-	-	-	-	-	-	11,700	91,500	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	0	2,200	200	2,000	400	2,000	0	2,000
Payments for Horizons common stock, net of cash acquired, and other acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-300	0	9,600	-	-	-	-	-	-	-	-	-	-	-	-
Increase in investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-	30,000	22,000	26,000
Reduction in investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	-	0	0	12,000
Contribution from the Former Parent Company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	12,400	12,500	-	-	-	-	-	-	-	-
Net cash used in investing activities
-20,700	-138,600	-101,500	-33,600	-33,200	-28,900	-51,000	-110,600	-69,800	-92,300	-132,200	-28,200	-24,200	7,300	-263,900	-21,500	-42,600	-25,000	500	-36,300	-3,000	-1,000	-30,500	-14,500	-4,500	-15,000	-8,500	-1,600	-14,900	-1,300	-12,900	3,600	4,300	4,300	1,800	-700	-10,000	48,900	-26,000	-29,000	-22,000
Cash Flows From Financing Activities:
Proceeds from issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100,000	0	0	0	21,000	11,900	0	178,100	7,000	60,500	-67,300	13,800	102,000	-105,000	55,000	35,000	73,000
Repayments of debt
11,400	-	-	-	8,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	-8,300	2,500	8,700	42,500	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt and capital leases
-	-	-	-	-	-	2,400	12,100	2,500	-	4,500	12,400	2,600	-	2,600	8,400	2,700	-	-20,000	31,000	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
111,400	238,800	170,500	105,000	107,800	574,500	120,500	151,500	117,400	128,000	186,000	55,000	100,000	-172,000	1,116,000	62,000	97,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
133,500	149,700	115,500	125,000	87,800	612,500	142,500	110,500	68,400	98,000	96,000	69,000	56,000	-32,000	965,000	72,000	43,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,500	44,200	3,500	2,200	28,600	-68,800	44,700	65,000	-26,800	61,000	29,000	21,000
(Payments) to/ proceeds from the line-of-credit agreements, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	0	-3,000	-3,000	-	-	-	-5,000	40,800	-20,000	16,000	-19,000
Payment of financing costs
3,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	200	0	300	200	1,500	0	0	400	600	200	-400	800	800	-1,100	600	1,900	4,200	800	100	700	-1,500	2,400	400	400	400	3,100	8,900	12,800	1,100	0	4,000	5,000	2,600	1,000	2,000	1,000
Dividends paid
9,500	9,500	9,500	9,100	9,100	9,100	9,000	8,600	8,700	8,600	8,700	8,200	8,300	8,200	8,200	7,900	7,900	8,000	7,900	7,400	7,500	7,400	7,400	7,000	6,900	6,900	6,900	6,500	6,500	6,400	6,400	13,400	13,300	13,200	13,300	13,600	13,000	13,200	13,000	13,000	13,000
Repurchase of Matson common stock
-	-	-	-	-	-	-	-	-	900	17,100	600	700	200	5,500	11,500	20,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholding related to net share settlements of restricted stock units
4,500	-200	100	100	3,100	100	200	100	4,200	200	0	100	7,100	-900	500	200	6,100	0	0	0	2,900	100	200	0	1,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	0	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	-100	0	-1,400	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to Former Parent Company from issuance of capital stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,900	12,800	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-50,600	66,300	28,900	-32,800	-400	-60,700	-33,600	20,500	33,800	9,500	58,000	-35,400	25,800	-80,100	252,400	-38,400	17,400	-61,300	-46,900	-330,300	-10,900	-6,100	-9,200	-10,600	89,600	-10,200	-7,100	-14,800	-29,000	-16,200	-51,100	4,300	-11,500	-36,200	-22,500	-35,500	24,000	-113,000	-38,000	11,000	21,000
Net Decrease in Cash, Cash Equivalents and Restricted Cash
-2,700	-3,900	-400	8,400	-200	12,400	-700	-900	-6,100	-4,900	9,400	-4,200	5,600	-2,500	-2,800	-900	-5,400	0	9,700	-310,000	32,400	62,500	7,200	-6,000	115,200	32,700	42,700	28,100	-8,900	8,400	-24,000	17,000	-3,000	4,800	1,500	-2,000	3,000	0	-22,000	16,000	4,000
Reconciliation of Cash, Cash Equivalents, and Restricted Cash, at End of the Year:
Cash flows used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	-5,200	-25,100	-	-	-	-	-	-	-	-
Cash flows used in investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-7,900	-10,900	-	-	-	-	-	-	-	-
Cash flows provided by financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,200	35,100	-	-	-	-	-	-	-	-
Net cash flows used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	-14,300	-900	-	-	-	-	-	-	-	-
Supplemental Cash Flow Information:
Interest paid, net of capitalized interest
8,600	5,200	9,000	3,000	4,800	3,800	5,600	3,600	5,300	3,400	7,700	6,300	6,500	5,900	4,100	7,400	4,200	4,500	4,600	4,700	3,900	4,600	4,000	4,700	1,900	4,900	1,900	4,900	2,100	4,800	2,200	2,000	2,300	1,700	10,000	-11,900	8,000	-12,700	34,000	-5,000	-8,000
Income tax paid, net
-300	1,500	500	-20,800	-5,400	600	400	4,000	200	2,700	200	-700	400	-600	10,800	5,500	-100	5,800	7,200	22,800	4,200	8,100	9,400	13,600	-900	-	-	-	-	-	-	-	-	400	400	-200	0	2,100	61,000	-21,000	0
Non-cash Information:
Capital expenditures included in accounts payable, accruals and other liabilities
3,500	-1,300	6,100	-1,800	5,500	3,700	-400	100	700	-300	400	-1,300	2,400	-8,500	7,700	2,800	2,100	7,400	3,200	1,900	1,000	1,100	-1,600	800	1,300	-900	300	700	2,000	4,100	-1,600	-1,900	3,600	-	-	-	-	-	-	-	-
Capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,900	-	-	-	-	-	-	-	-	-	-	-	-
Tax-deferred property sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-	2,000	19,000	57,000
Tax-deferred real estate purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144,000	-22,000	-31,000