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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net income $ 476.4 $ 297.1 $ 1,063.9
Reconciling adjustments:      
Depreciation and amortization 153.1 142.2 139.2
Amortization of operating lease right of use assets 133.7 142.0 153.0
Deferred income taxes 20.9 19.6 90.2
(Gain) Loss on disposal of property and equipment (2.3) 0.6 (1.5)
Share-based compensation expense 26.5 23.8 18.3
Loss (Income) from SSAT 1.0 (2.2) (83.1)
Distributions from SSAT 14.0   47.3
Other (10.3) (0.5) 2.1
Changes in assets and liabilities:      
Accounts receivable, net 9.8 (10.9) 74.6
Deferred dry-docking payments (30.2) (24.1) (25.7)
Deferred dry-docking amortization 27.2 25.3 24.9
Prepaid expenses and other assets 94.8 33.5 (45.2)
Accounts payable, accruals and other liabilities (5.6) 10.9 (31.7)
Operating lease assets and liabilities, net (139.5) (144.8) (154.1)
Other long-term liabilities (1.7) (2.0) (0.3)
Net cash provided by operating activities 767.8 510.5 1,271.9
Cash Flows From Investing Activities:      
Capitalized vessel construction expenditures (95.6) (52.9) (62.4)
Capital expenditures (excluding vessel construction expenditures) (214.5) (195.5) (146.9)
Proceeds from disposal of property and equipment, net 5.9 1.2 1.2
Payments for asset acquisitions (0.8) (12.4) (3.0)
Cash and interest deposits into Capital Construction Fund (120.7) (128.5) (582.8)
Withdrawals from Capital Construction Fund 89.6 49.9 64.6
Net cash used in investing activities (336.1) (338.2) (729.3)
Cash Flows From Financing Activities:      
Repayments of debt (39.7) (76.9) (111.5)
Dividends paid (44.8) (45.0) (48.0)
Repurchase of Matson common stock (199.1) (155.2) (397.0)
Tax withholding related to net share settlements of restricted stock units (17.6) (12.6) (20.1)
Net cash used in financing activities (301.2) (289.7) (576.6)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 130.5 (117.4) (34.0)
Cash, Cash Equivalents and Restricted Cash, Beginning of the Year 136.3 253.7 287.7
Cash, Cash Equivalents and Restricted Cash, End of the Year 266.8 136.3 253.7
Reconciliation of Cash, Cash Equivalents, and Restricted Cash, at End of the Year:      
Cash and Cash Equivalents 266.8 134.0 249.8
Restricted Cash   2.3 3.9
Total Cash, Cash Equivalents and Restricted Cash, End of the Year 266.8 136.3 253.7
Supplemental Cash Flow Information:      
Interest paid, net of capitalized interest 5.9 11.1 16.2
Income tax paid, net of income tax refunds (26.5) 7.5 215.2
Non-cash Information:      
Capital expenditures included in accounts payable, accruals and other liabilities $ 7.9 10.8 5.5
Non-cash payments for intangible asset acquisitions   $ 2.7 $ 2.2