XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 11,059 $ 16,249
Accounts receivable:    
Trade - less allowance for doubtful accounts of $4,720 ($5,007 in 2011) 313,182 303,087
Other 43,074 32,060
Inventories - net, at lower of average cost or market 177,397 130,130
Prepaid expenses and other current assets 39,248 33,617
Deferred income taxes 12,296 14,186
Total current assets 596,256 529,329
Property and equipment:    
Marine transportation equipment 3,029,219 2,466,506
Land, buildings and equipment 189,894 151,762
Property and equipment 3,219,113 2,618,268
Accumulated depreciation 903,948 796,095
Property and equipment - net 2,315,165 1,822,173
Investment in affiliates 1,808 3,682
Goodwill - net 596,030 483,468
Other assets 143,869 121,759
Total assets 3,653,128 2,960,411
Current liabilities:    
Current portion of long-term debt 65,000 39,005
Income taxes payable 2,369 4,124
Accounts payable 156,763 158,855
Accrued liabilities:    
Interest 1,628 1,168
Insurance premiums and claims 44,589 45,817
Employee compensation 39,561 42,706
Taxes - other than on income 10,760 9,972
Other 17,493 17,599
Deferred revenues 16,857 39,554
Total current liabilities 355,020 358,800
Long-term debt - less current portion 1,070,110 763,000
Deferred income taxes 426,096 292,355
Other long-term liabilities 94,848 92,098
Total long-term liabilities 1,591,054 1,147,453
Contingencies and commitments      
Kirby stockholders' equity:    
Common stock, $.10 par value per share. Authorized 120,000,000 shares, issued 59,776,000 shares in 2012 and 59,276,000 in 2011 5,978 5,928
Additional paid-in capital 397,785 357,294
Accumulated other comprehensive income - net (61,127) (56,176)
Retained earnings 1,439,079 1,229,641
Treasury stock - at cost, 3,191,000 shares in 2012 and 3,532,000 in 2011 (86,747) (94,162)
Total Kirby stockholders' equity 1,694,968 1,442,525
Noncontrolling interests 12,086 11,633
Total equity 1,707,054 1,454,158
Total liabilities and equity $ 3,653,128 $ 2,960,411