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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net income $ 348.4 $ 234.7
Reconciling adjustments:    
Depreciation and amortization 114.7 108.1
Amortization of operating lease right of use assets 102.1 108.2
Deferred income taxes 16.2 (9.3)
Share-based compensation expense 19.1 17.6
(Income) loss from SSAT (8.5) 1.9
Distributions from SSAT 14.0  
Other (9.1) (1.7)
Changes in assets and liabilities:    
Accounts receivable, net (31.7) (37.1)
Deferred dry-docking payments (20.2) (17.3)
Deferred dry-docking amortization 21.0 18.6
Prepaid expenses and other assets 116.9 65.8
Accounts payable, accruals and other liabilities 27.6 34.4
Operating lease liabilities (104.0) (109.9)
Other long-term liabilities (13.4) (14.9)
Net cash provided by operating activities 593.1 399.1
Cash Flows From Investing Activities:    
Capitalized vessel construction expenditures (39.8) (52.1)
Capital expenditures (excluding vessel construction expenditures) (144.9) (135.4)
Proceeds from disposal of property and equipment, net 4.4 0.1
Payments for asset acquisitions (0.7) (12.4)
Cash and interest deposited into the Capital Construction Fund (63.6) (120.8)
Withdrawals from Capital Construction Fund 35.8 49.9
Net cash used in investing activities (208.8) (270.7)
Cash Flows From Financing Activities:    
Repayments of debt (30.0) (67.2)
Dividends paid (33.5) (33.8)
Repurchase of Matson common stock (167.4) (108.2)
Tax withholding related to net share settlements of restricted stock units (17.0) (12.5)
Net cash used in financing activities (247.9) (221.7)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 136.4 (93.3)
Cash and Cash Equivalents, and Restricted Cash, Beginning of the Period 136.3 253.7
Cash and Cash Equivalents, and Restricted Cash, End of the Period 272.7 160.4
Reconciliation of Cash, Cash Equivalents and Restricted Cash, End of the Period:    
Cash and Cash Equivalents 270.3 156.5
Restricted Cash 2.4 3.9
Total Cash and Cash Equivalents, and Restricted Cash, End of the Period 272.7 160.4
Supplemental Cash Flow Information:    
Interest paid, net of capitalized interest 5.3 9.6
Income tax payments (refunds), net (85.1) (5.3)
Non-cash Information:    
Capital expenditures included in accounts payable, accruals and other liabilities $ 26.9 7.8
Non-cash payments for asset acquisitions   $ 4.1