Kirby Corp Q3 2024 10-Q Filing

TL;DR

Kirby Corp's Q3 2024 10-Q is in, showing segment performance and financial data.

AI Summary

Kirby Corporation filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across its segments, including Marine Transportation and Distribution & Services. Key financial data points and segment revenues are presented for the third quarter and year-to-date periods of 2024 and 2023.

Why It Matters

This filing provides investors with the latest financial results and operational details for Kirby Corporation, crucial for understanding the company's performance and future outlook in the transportation and services sectors.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information and segment performance, which can influence investment decisions and carry inherent market risks.

Key Numbers

• 2024-09-30 — Report Period End Date (The 10-Q covers financial performance up to this date.)
• 2024-11-12 — Filing Date (This is the date the report was officially submitted to the SEC.)
• 2024-01-01 — Year-to-Date Start Date (Financials are reported from this date for the current fiscal year.)

Key Players & Entities

• KIRBY CORP (company) — Filer
• 20240930 (date) — Period of Report
• 55 WAUGH DRIVE SUITE 1000 (address) — Business Address
• HOUSTON (location) — Business Address City
• TX (location) — Business Address State
• 77007 (zip_code) — Business Address Zip
• 7134351000 (phone_number) — Business Phone
• P.O. BOX 1745 (address) — Mail Address
• 19900510 (date) — Date of Name Change
• kex:SpecialtyBargesMember (other) — Segment/Item

FAQ

Key Financial Figures

• $0.10 — 57.4 million shares of the Registrant's $0.10 par value per share common stock were o

Filing Documents

• kex-20240930.htm (10-Q) — 2406KB
• kex-ex31_1.htm (EX-31.1) — 15KB
• kex-ex31_2.htm (EX-31.2) — 15KB
• kex-ex32.htm (EX-32) — 10KB
• 0000950170-24-124726.txt ( ) — 8677KB
• kex-20240930.xsd (EX-101.SCH) — 929KB
• kex-20240930_htm.xml (XML) — 1766KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements KIRBY CORPORATION AND CONSOLIDATED SUBSIDIARIES CONDENSED BALANCE SHEETS (Unaudited) September 30, 2024 December 31, 2023 ($ in thousands) ASSETS Current assets: Cash and cash equivalents $ 67,073 $ 32,577 Accounts receivable: Trade – less allowance for doubtful accounts 542,527 526,691 Other 47,965 52,025 Inventories – net 434,151 454,389 Prepaid expenses and other current assets 72,617 69,479 Total current assets 1,164,333 1,135,161 Property and equipment 6,045,965 5,824,038 Accumulated depreciation ( 2,060,572 ) ( 1,962,933 ) Property and equipment – net 3,985,393 3,861,105 Operating lease right-of-use assets 163,455 152,216 Goodwill 438,748 438,748 Other intangibles, net 36,536 42,927 Other assets 82,258 92,040 Total assets $ 5,870,723 $ 5,722,197 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Bank notes payable $ 8,174 $ 8,068 Income taxes payable 21,648 1,486 Accounts payable 248,899 269,378 Accrued liabilities 217,208 228,946 Current portion of operating lease liabilities 33,827 33,340 Deferred revenues 168,222 134,577 Total current liabilities 697,978 675,795 Long-term debt, net – less current portion 970,419 1,008,527 Deferred income taxes 735,290 696,557 Operating lease liabilities – less current portion 148,839 138,811 Other long-term liabilities 14,587 15,830 Total long-term liabilities 1,869,135 1,859,725 Contingencies and commitments — — Equity: Kirby stockholders' equity: Common stock, $ 0.10 par value per share. Authorized 120 million shares, issued 65.5 million shares 6,547 6,547 Additional paid-in capital 865,973 863,963 Accumulated other comprehensive income – net 34,618 35,006 Retained earnings 2,935,555 2,691,665 Treasury stock – at cost, 7.9 million shares at September 30, 2024 a

View Full Filing

View this 10-Q filing on SEC EDGAR