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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 719.9 $ 249.7
Reconciling adjustments:    
Depreciation and amortization 71.1 67.9
Amortization of operating lease right of use assets 75.3 49.2
Deferred income taxes 9.4 15.2
Share-based compensation expense 10.5 9.5
Income from SSAT (58.7) (22.0)
Distribution from SSAT 26.3 21.0
Other (0.7) (1.0)
Changes in assets and liabilities:    
Accounts receivable, net (37.6) (60.2)
Deferred dry-docking payments (14.7) (17.4)
Deferred dry-docking amortization 12.9 12.6
Prepaid expenses and other assets (48.3) (38.7)
Accounts payable, accruals and other liabilities 4.5 3.7
Operating lease liabilities (74.2) (47.1)
Other long-term liabilities (4.6) (3.6)
Net cash provided by operating activities 691.1 238.8
Cash Flows From Investing Activities:    
Capitalized vessel construction expenditures (11.4)  
Other capital expenditures (68.4) (101.3)
Proceeds from disposal of property and equipment 0.8 1.7
Cash deposits into Capital Construction Fund (10.7) (31.2)
Withdrawals from Capital Construction Fund 10.7 31.2
Net cash used in investing activities (79.0) (99.6)
Cash Flows From Financing Activities:    
Repayments of debt (32.5) (26.8)
Proceeds from revolving credit facility   241.9
Repayments of revolving credit facility   (313.7)
Payment of financing costs   (3.0)
Dividends paid (25.0) (20.2)
Repurchase of Matson common stock (208.5)  
Tax withholding related to net share settlements of restricted stock units (19.5) (14.4)
Net cash used in financing activities (285.5) (136.2)
Net Increase in Cash, Cash Equivalents and Restricted Cash 326.6 3.0
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period 287.7 19.7
Cash, Cash Equivalents and Restricted Cash, End of the Period 614.3 22.7
Reconciliation of Cash, Cash Equivalents and Restricted Cash, End of the Period:    
Cash and Cash Equivalents 609.0 17.4
Restricted Cash 5.3 5.3
Total Cash, Cash Equivalents and Restricted Cash, End of the Period 614.3 22.7
Supplemental Cash Flow Information:    
Interest paid, net of capitalized interest 8.4 10.4
Income tax payments, net of refunds 211.7 75.2
Non-cash Information:    
Capital expenditures included in accounts payable, accruals and other liabilities 6.1 7.7
Accrued dividends $ 12.4 $ 13.2