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REPORTABLE SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2014
REPORTABLE SEGMENTS  
Reportable Segment Information

 

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Revenue:

 

 

 

 

 

 

 

Ocean Transportation

 

$
1,278.4

 

$
1,229.4

 

$
1,189.8

 

Logistics

 
435.8

 
407.8

 
370.2

 

Total revenue

 

$
1,714.2

 

$
1,637.2

 

$
1,560.0

 

Operating Income:

 

 

 

 

 

 

 

Ocean Transportation (1)

 

$
131.1

 

$
94.3

 

$
96.6

 

Logistics

 
8.9

 
6.0

 
0.1

 

Total operating income

 
140.0

 
100.3

 
96.7

 

Interest expense, net

 
(17.3

)
(14.4

)
(11.7

)

Income before income taxes

 
122.7

 
85.9

 
85.0

 

Income taxes

 
(51.9

)
(32.2

)
(33.0

)

Income from continuing operations

 
70.8

 
53.7

 
52.0

 

Discontinued operations

 

—

 

—

 
(6.1

)

Net income

 

$
70.8

 

$
53.7

 

$
45.9

 

 

(1)

The Ocean Transportation segment includes $6.6 million, $(2.0) million and $3.2 million of equity in income (loss) from the Company’s Terminal Joint Venture, SSAT, for 2014, 2013, and 2012, respectively.

 

 

 

As of December 31,

 

 

 

2014

 

2013

 

2012

 

As of December 31:

 

 

 

 

 

 

 

Identifiable Assets:

 

 

 

 

 

 

 

Ocean Transportation (2)

 

$
1,313.9 

 

$
1,168.6 

 

$
1,097.2 

 

Logistics

 
87.9 

 
79.7 

 
77.1 

 

Total assets

 

$
1,401.8 

 

$
1,248.3 

 

$
1,174.3 

 

Capital Expenditures:

 

 

 

 

 

 

 

Ocean Transportation

 

$
27.8 

 

$
33.8 

 

$
37.0 

 

Logistics

 
0.1 

 
1.4 

 
1.1 

 

Total capital expenditures

 

$
27.9 

 

$
35.2 

 

$
38.1 

 

Depreciation and Amortization from Continuing Operations:

 

 

 

 

 

 

 

Ocean Transportation

 

$
66.6 

 

$
66.4 

 

$
69.1 

 

Logistics

 
3.1 

 
3.3 

 
3.4 

 

Total depreciation and amortization

 

$
69.7 

 

$
69.7 

 

$
72.5 

 

 

(2)

The Ocean Transportation segment includes $64.4 million, $57.6 million, and $59.6 million related to the Company’s Terminal Joint Venture equity investment in SSAT as of December 31, 2014, 2013, and 2012, respectively.