XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net income $ 14.2 $ 7.0
Reconciling adjustments:    
Depreciation and amortization 23.6 24.6
Deferred income taxes 6.4 2.9
Share-based compensation expense 2.7 2.6
Equity in income of Terminal Joint Venture (10.5) (4.9)
Distribution from Terminal Joint Venture 7.0  
Other (0.6) (2.6)
Changes in assets and liabilities:    
Accounts receivable, net (14.5) (8.4)
Deferred dry-docking payments (4.6) (15.1)
Deferred dry-docking amortization 9.2 11.5
Prepaid expenses and other assets 8.2 (1.1)
Accounts payable, accruals and other liabilities (11.0) (13.3)
Other long-term liabilities (0.2) 0.8
Net cash provided by operating activities 29.9 4.0
Cash Flows From Investing Activities:    
Capitalized vessel construction expenditures (57.7) (1.3)
Other capital expenditures (13.1) (22.9)
Proceeds from disposal of property and equipment 1.0  
Cash deposits into Capital Construction Fund (53.5)  
Withdrawals from Capital Construction Fund 53.5  
Net cash used in investing activities (69.8) (24.2)
Cash Flows From Financing Activities:    
Repayments of debt and capital leases (2.5) (2.6)
Proceeds from revolving credit facility 117.4 100.0
Repayments of revolving credit facility (68.4) (56.0)
Proceeds from issuance of common stock 0.2 0.4
Dividends paid (8.7) (8.3)
Repurchase of Matson common stock   (0.7)
Tax withholding related to net share settlements of restricted stock units (4.2) (7.1)
Other   0.1
Net cash provided by financing activities 33.8 25.8
Net (Decrease) Increase in Cash and Cash Equivalents (6.1) 5.6
Cash and Cash Equivalents, Beginning of the Period 19.8 13.9
Cash and Cash Equivalents, End of the Period 13.7 19.5
Supplemental Cash Flow Information:    
Interest paid, net of capitalized interest 5.3 6.5
Income tax paid, net of income tax refunds 0.2 0.4
Non-cash Information:    
Capital expenditures included in accounts payable, accruals and other liabilities $ 0.7 $ 2.4