XML 54 R43.htm IDEA: XBRL DOCUMENT v3.25.3
REPORTABLE SEGMENTS (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
segment
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2024
USD ($)
segment
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
segment
Segment results                
Number of segments | segment 2     2     2 2
Total Operating Revenue $ 880.1     $ 962.0     $ 2,492.6 $ 2,531.5
Operating costs:                
Direct cargo expense (258.2)     (253.7)     (746.1) (727.4)
Vessel operating expense (146.4)     (144.9)     (444.4) (454.8)
Operating overhead (83.0)     (86.8)     (256.5) (245.4)
Direct operating costs (131.4)     (131.0)     (371.7) (372.4)
Depreciation and amortization (42.1)     (37.9)     (123.9) (113.4)
Total operating costs (661.1)     (654.3)     (1,942.6) (1,913.4)
Income from SSAT 9.3     6.9     23.2 8.5
General and administrative (67.3)     (72.3)     (217.1) (222.8)
Total Costs and Expenses (719.1)     (719.7)     (2,136.5) (2,127.7)
Operating Income 161.0     242.3     356.1 403.8
Interest income 7.6     10.4     25.0 38.0
Interest expense (1.8)     (1.8)     (5.2) (6.1)
Other income (expense), net 2.1     1.9     6.9 5.5
Income before Taxes 168.9     252.8     382.8 441.2
Income taxes (34.2)     (53.7)     (81.1) (92.8)
Net Income 134.7 $ 94.7 $ 72.3 199.1 $ 113.2 $ 36.1 301.7 348.4
Capital Expenditure 83.2     59.6     258.7 184.7
Capital expenditures included in accounts payable, accruals and other liabilities 7.1     26.9     7.1 26.9
Operating segments                
Segment results                
Total Operating Revenue 880.1     962.0     2,492.6 2,531.5
Intersegment Eliminations                
Segment results                
Total Operating Revenue 63.9     72.8     180.4 181.2
Ocean Transportation                
Operating costs:                
Direct cargo expense (258.2)     (253.7)     (746.1) (727.4)
Vessel operating expense (146.4)     (144.9)     (444.4) (454.8)
Operating overhead (83.0)     (86.8)     (256.5) (245.4)
Depreciation and amortization (39.0)     (35.0)     (114.2) (104.2)
Total operating costs (526.6)     (520.4)     (1,561.2) (1,531.8)
Income from SSAT 9.3     6.9     23.2 8.5
General and administrative (53.6)     (58.3)     (173.7) (180.8)
Total Costs and Expenses (570.9)     (571.8)     (1,711.7) (1,704.1)
Operating Income 147.4     226.9     319.6 363.5
Capital Expenditure 79.4     58.1     252.6 177.0
Dry-docking amortization 7.1     7.3     20.7 21.0
Ocean Transportation | Operating segments                
Segment results                
Total Operating Revenue 718.3     798.7     2,031.3 2,067.6
Ocean Transportation | Intersegment Eliminations                
Segment results                
Total Operating Revenue 25.9     26.7     72.8 69.2
Logistics                
Operating costs:                
Direct operating costs (131.4)     (131.0)     (371.7) (372.4)
Depreciation and amortization (3.1)     (2.9)     (9.7) (9.2)
Total operating costs (134.5)     (133.9)     (381.4) (381.6)
General and administrative (13.7)     (14.0)     (43.4) (42.0)
Total Costs and Expenses (148.2)     (147.9)     (424.8) (423.6)
Operating Income 13.6     15.4     36.5 40.3
Capital Expenditure 3.8     1.5     6.1 7.7
Logistics | Operating segments                
Segment results                
Total Operating Revenue 161.8     163.3     461.3 463.9
Logistics | Intersegment Eliminations                
Segment results                
Total Operating Revenue $ 38.0     $ 46.1     $ 107.6 $ 112.0