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REPORTABLE SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
REPORTABLE SEGMENTS  
Schedule of reportable segment information

Reportable segment information for 2017, 2016, and 2015, are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31, 

 

(In millions)

    

2017

    

2016

    

2015

 

Operating Revenue:

 

 

 

 

 

 

 

 

 

 

Ocean Transportation (1)

 

$

1,571.8

 

$

1,541.1

 

$

1,498.0

 

Logistics (2)

 

 

475.1

 

 

400.5

 

 

386.9

 

Total Operating Revenue

 

$

2,046.9

 

$

1,941.6

 

$

1,884.9

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

Ocean Transportation (1) (3)

 

$

128.8

 

$

142.7

 

$

187.8

 

Logistics (2)

 

 

20.6

 

 

11.9

 

 

8.5

 

Total Operating Income

 

 

149.4

 

 

154.6

 

 

196.3

 

Interest expense, net

 

 

(24.2)

 

 

(24.1)

 

 

(18.5)

 

Income before Income Taxes

 

 

125.2

 

 

130.5

 

 

177.8

 

Income taxes

 

 

106.8

 

 

(49.1)

 

 

(74.8)

 

Net Income

 

$

232.0

 

$

81.4

 

$

103.0

 

(1)

2017, 2016 and 2015 Ocean Transportation segment information include the operations of Horizon acquired as of May 29, 2015.

(2)

2017 and 2016 Logistics segment information include the operations of Span Alaska acquired as of August 4, 2016.

(3)

Ocean Transportation segment information includes $28.2 million, $15.8 million, and $16.5 million of equity in income from the Company’s Terminal Joint Venture, SSAT, for the years ended December 31, 2017, 2016, and 2015, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

(In millions)

    

2017

    

2016

    

2015

 

Identifiable Assets:

 

 

 

 

 

 

 

 

 

 

Ocean Transportation (1)

 

$

1,937.4

 

$

1,722.2

 

$

1,601.0

 

Logistics

 

 

310.1

 

 

293.3

 

 

68.8

 

Total Assets

 

$

2,247.5

 

$

2,015.5

 

$

1,669.8

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$

305.3

 

$

179.1

 

$

67.5

 

Logistics

 

 

1.7

 

 

0.3

 

 

0.3

 

Total Capital Expenditures

 

$

307.0

 

$

179.4

 

$

67.8

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$

93.3

 

$

92.6

 

$

81.4

 

Logistics

 

 

7.9

 

 

4.5

 

 

2.0

 

 

 

 

101.2

 

 

97.1

 

 

83.4

 

Deferred dry-docking amortization - Ocean Transportation

 

 

46.2

 

 

38.9

 

 

23.1

 

Total Depreciation and Amortization

 

$

147.4

 

$

136.0

 

$

106.5

 

(1)The Ocean Transportation segment includes $93.2 million, $82.4 million and $66.4 million related to the Company’s Terminal Joint Venture equity investment in SSAT as of December 31, 2017, 2016, and 2015, respectively.