Financial Highlights
| ($ millions, except per share amounts) |
First Quarter | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | Increase | 2020 | 2019 | Increase | |
| Marine Revenues | $403.2 | $368.1 | $35.1 | $403.2 | $368.1 | $35.1 |
| Distribution & Services Revenues | 240.7 | 376.5 | (135.8) | 240.7 | 376.5 | (135.8) |
| Total Revenues | 643.9 | 744.6 | (100.7) | 643.9 | 744.6 | (100.7) |
| Operating Income (Loss) | (381.8) | 72.1 | (453.9) | (381.8) | 72.1 | (453.9) |
| Net Earnings (Loss) Attributable to Kirby | (248.5) | 44.3 | (292.8) | (248.5) | 44.3 | (292.8) |
| Earnings (Loss) per Share - Diluted | (4.15) | 0.74 | (4.89) | (4.15) | 0.74 | (4.89) |
| Excluding One-time Items: | ||||||
| Operating Income 1 | 51.5 | 72.1 | (20.6) | 51.5 | 72.1 | (20.6) |
| Net Earnings Attributable to Kirby 1,2 | 35.3 | 44.3 | (9.0) | 35.3 | 44.3 | (9.0) |
| Net Earnings per Share - Diluted 1,2 | 0.59 | 0.74 | (0.15) | 0.59 | 0.74 | (0.15) |
Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.
1 Q1 and 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 $433.3 million before-tax, $334.6 million after-tax, or $5.59 per share
2 Q1 and 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.