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: January 31, 2022

($ millions, except 
per share amounts)
Fourth Quarter Year-to-Date
2022 2021 Change 2022 2021 Change
Marine Transportation Revenues $ 422.70 $ 350.60 $ 72.10 $ 1,616.90 $ 1,322.90 $ 294.00
Distribution & Services Revenues 307.4 240.7 66.7 1,167.8 923.8 244.0
Total Revenues 730.1 591.3 138.8 2,784.7 2,246.7 538.0
Operating Income (Loss) 57.7 31.6 26.1 192.9 (258.1) 451.0
Net Earnings (Loss) Attributable to Kirby 37.3 11.0 26.3 122.3 (247.0) 369.3
Earnings (Loss) per Share - Diluted 0.62 0.18 0.44 2.03 (4.11) 6.14
             
Excluding One-time Items:
Operating Income 1,2 61.9 31.6 30.3 198.6 82.6 116.0
Net Earnings Attributable to Kirby 1,2 40.3 16.7 23.6 126.6 33.7 92.9
Net Earnings per Share - Diluted 1,2 0.67 0.27 0.40 2.10 0.56 1.54

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

1 2022 operating income, net earnings attributable to Kirby, and earnings per share exclude $5.7 million before‐tax, $4.3 million after‐tax, or $0.07 per share of one‐time charges associated with severance, early retirement, and costs associated with strategic review

2 2021 operating income, net earnings attributable to Kirby, and earnings per share exclude the following one‐time items:
‐ Impairments of long‐lived assets and goodwill related to coastal marine transportation totaling $340.7 million before‐tax, $275.0 million after‐tax, or $4.58 per share; and
‐ Deferred tax provision related to a change in Louisiana state tax law totaling $5.7 million or $0.09 per share