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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 29, 2020

($ millions, except 
per share amounts)
Third Quarter Year-to-Date
2020 2019 Increase 2020 2019 Increase
Marine Transportation Revenues $320.6 $412.7 $(92.1) $1,104.8 $1,185.1 $(80.3)
Distribution & Services Revenues 176.0 254.1 (78.1) 576.8 997.4 (420.6)
Total Revenues 496.6 666.8 (170.2) 1,681.6 2,182.5 (500.9)
Operating Income (Loss) 29.9 77.9 (48.0) (445.5) 225.8 (671.3)
Net Earnings (Loss) Attributable to Kirby 27.4 48.0 (20.6) (294.8) 139.6 (434.4)
Earnings (Loss) per Share - Diluted 0.46 0.80 (0.34) (4.92) 2.32 (7.24)
             
Excluding One-time Items:
Operating Income 1 29.9 77.9 (48.0) 115.8 225.8 (110.0)
Net Earnings Attributable to Kirby 1,2 27.4 48.0 (20.6) 87.7 139.6 (51.9)
Net Earnings per Share - Diluted 1,2 0.46 0.80 (0.34) 1.47 2.32 (0.85)

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

1 YTD 2020 operating income, net earnings attributable to Kirby, and earnings per share exclude 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

2 YTD 2020 net earnings attributable to Kirby and earnings per share exclude a 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.