Matson Results Presentation Deck
15
Financial Results - Summary Balance Sheet
December 31, December 31,
2022
2021
($ in millions)
ASSETS
Cash and cash equivalents
Other current assets
Total current assets
Investment in SSAT
Property and equipment, net
Intangible assets, net
Capital Construction Fund (CCF)
Goodwill
Other long-term assets
Total assets
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of debt
Other current liabilities
Total current liabilities
Long-term debt, net of deferred loan fees
Other long-term liabilities
Total long-term liabilities
Total shareholders' equity
Total liabilities and shareholders' equity
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$ 249.8
509.8
759.6
81.2
1,962.5
174.9
518.2
327.8
505.8
$ 4,330.0
$76.9
504.7
581.6
427.7
1,023.8
1,451.5
2,296.9
$ 4,330.0
Current balance in CCF of ~$622 million (²)
$ 282.4
422.1
704.5
58.7
1,878.3
181.1
327.8
542.7
$ 3,693.1
$65.0
547.4
612.4
549.7
863.6
1,413.3
1,667.4
$3,693.1
Share Repurchase
•4Q22:~1.5 million shares repurchased
for total cost of $101.9 million
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FY2022: -5.0 million shares
repurchased for total cost of $397.0
million
Debt Levels
Total Debt of $517.5 million (1)
- In 2022, reduced total debt by
$111.5 million
- Prepaid $50.4 million in debt in
3Q22
In January 2023, prepaid $14.3 million for
all outstanding principal on Maunawili
Title XI
Plan to prepay in March 2023 $12.1
million for all outstanding principal on
Manukai Title XI
See the Addendum for a reconciliation of GAAP to non-GAAP Financial Metrics.
(1) Total Debt is presented before any reduction for deferred loan fees as required by GAAP.
Based on CCF balance of $518 million as of December 31, 2022, $4 million in interest income on CCF cash deposits year-to-date in 2023 and $100 million cash deposit in
February 2023.
Fourth Quarter 2022 Earnings Conference Call
Matson.View entire presentation