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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities:    
Net income $ 36.1 $ 34.0
Reconciling adjustments:    
Depreciation and amortization 37.6 35.8
Amortization of operating lease right of use assets 33.9 39.6
Deferred income taxes 2.3 (1.4)
Share-based compensation expense 5.7 4.6
(Income) loss from SSAT (0.4) 1.8
Distributions from SSAT 14.0  
Other (2.1) (0.1)
Changes in assets and liabilities:    
Accounts receivable, net (23.7) (14.5)
Deferred dry-docking payments (5.2) (2.4)
Deferred dry-docking amortization 6.8 6.2
Prepaid expenses and other assets 2.4 45.7
Accounts payable, accruals and other liabilities (34.3) (8.4)
Operating lease liabilities (34.6) (39.4)
Other long-term liabilities (1.9) (4.8)
Net cash provided by operating activities 36.6 96.7
Cash Flows From Investing Activities:    
Capitalized vessel construction expenditures (1.1) (0.4)
Capital expenditures (excluding vessel construction expenditures) (54.2) (35.5)
Proceeds from disposal of property and equipment, net 2.3 0.3
Payment for intangible asset acquisition   (12.4)
Cash and interest deposits into Capital Construction Fund, net (6.0) (105.5)
Net cash used in investing activities (59.0) (153.5)
Cash Flows From Financing Activities:    
Repayments of debt (10.1) (40.8)
Dividends paid (11.1) (11.3)
Repurchase of Matson common stock (47.3) (40.0)
Tax withholding related to net share settlements of restricted stock units (17.2) (12.4)
Net cash used in financing activities (85.7) (104.5)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (108.1) (161.3)
Cash, Cash Equivalents and Restricted Cash, Beginning of the Period 136.3 253.7
Cash, Cash Equivalents and Restricted Cash, End of the Period 28.2 92.4
Reconciliation of Cash, Cash Equivalents, and Restricted Cash, at End of the Year:    
Cash and Cash Equivalents 25.9 88.5
Restricted Cash 2.3 3.9
Total Cash, Cash Equivalents and Restricted Cash, End of the Period 28.2 92.4
Supplemental Cash Flow Information:    
Interest paid, net of capitalized interest 0.5 5.0
Income tax payments (refunds), net 1.1 (30.3)
Non-cash Information:    
Capital expenditures included in accounts payable, accruals and other liabilities $ 16.0 5.1
Non-cash payment for intangible asset acquisition   $ 4.1