REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2019

REPORTABLE SEGMENTS

Schedule of reportable segment information

	Years Ended December 31,
(In millions)	2019		2018		2017
Operating Revenue:
Ocean Transportation (1)	$	1,666.6	$	1,641.3	$	1,571.8
Logistics (2)		536.5		581.5		475.1
Total Operating Revenue	$	2,203.1	$	2,222.8	$	2,046.9
Operating Income:
Ocean Transportation (3)	$	90.8	$	131.1	$	126.4
Logistics		38.3		32.7		20.9
Total Operating Income		129.1		163.8		147.3
Interest expense, net		(22.5)		(18.7)		(24.2)
Other income (expense), net		1.2		2.6		2.1
Income before Income Taxes		107.8		147.7		125.2
Income taxes		(25.1)		(38.7)		105.8
Net Income	$	82.7	$	109.0	$	231.0
Capital Expenditures:
Ocean Transportation	$	294.5	$	385.4	$	305.3
Logistics		15.8		15.8		1.7
Total Capital Expenditures	$	310.3	$	401.2	$	307.0
Depreciation and Amortization:
Ocean Transportation	$	93.6	$	87.0	$	93.3
Logistics		6.8		7.4		7.9
		100.4		94.4		101.2
Deferred dry-docking amortization - Ocean Transportation		34.3		37.4		46.2
Total Depreciation and Amortization	$	134.7	$	131.8	$	147.4

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $52.8 million, $51.7 million and $40.3 million for the years ended December 31, 2019, 2018 and 2017, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $49.5 million, $43.7 million and $41.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.

(3) Ocean Transportation segment information includes $20.8 million, $36.8 million, and $28.2 million of equity in income from the Company’s equity investment in SSAT for the years ended December 31, 2019, 2018 and 2017, respectively.

	As of December 31,
(In millions)	2019		2018
Identifiable Assets:
Ocean Transportation (1)	$	2,424.5	$	2,071.6
Logistics		420.9		358.8
Total Assets	$	2,845.4	$	2,430.4

(1) The Ocean Transportation segment includes $76.2 million and $87.0 million related to the Company’s equity investment in SSAT as of December 31, 2019 and 2018, respectively.