Financial Highlights

Financial Highlights

All financial information is current as of the date prepared, and should be considered in conjunction with any subsequent disclosures or filings by the Company, including but not limited to annual, quarterly, or current reports filed with the Securities and Exchange Commission.


Prepared on: October 28, 2021

($ millions, except 
per share amounts)
Third Quarter Year-to-Date
2021 2020 Change 2021 2020 Change
Marine Transportation Revenues $338.5 $320.6 $17.9 $972.4 $1,104.9 $(132.5)
Distribution & Services Revenues 260.4 176.0 84.4 683.0 576.8 106.2
Total Revenues 598.9 496.6 102.3 1,655.4 1,681.7 (26.3)
Operating Income (Loss) (316.9) 29.9 (346.8) (289.7) (445.5) 155.8
Net Income (Loss) Attributable to Kirby (264.7) 27.5 (292.2) (257.9) (294.8) 36.9
Earnings (Loss) per Share - Diluted (4.41) 0.46 (4.87) (4.30) (4.92) 0.62
             
Excluding One-time Items:
Operating Income 1,2 23.8 29.9 (6.1) 51.0 115.8 (64.8)
Net Earnings Attributable to Kirby 1,2,3 10.3 27.5 (17.2) 17.1 87.7 (70.6)
Net Earnings per Share - Diluted 1,2,3 0.17 0.46 (0.29) 0.28 1.47 (1.19)

Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.

1 Third Quarter and Year-to-Date 2021 operating income, net earnings attributable to Kirby, and earnings per share exclude third quarter impairments of fixed assets and goodwill related to coastal marine transportation totaling $340.7 million before-tax, $275.0 million after-tax, or $4.58 per share.

2 Year-to-Date 2020 operating income, net earnings attributable to Kirby, and earnings per share exclude first quarter impairments of goodwill, intangible assets, fixed assets, and inventory related to distribution and services totaling $561.3 million before-tax, $433.3 million after-tax, or $7.24 per share.

3 Year-to-Date 2020 net earnings attributable to Kirby and earnings per share exclude a first quarter one-time income tax benefit of $50.8 million or $0.85 per share related 2018 and 2019 net operating loss carrybacks under the U.S. Coronavirus Aid, Relief, and Economic Security Act.