Kirby Corporation KEX Construction Of New Vessels — Interest Costs Capitalized
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Where this comes from
Reported directly by Kirby Corporation in its filing.
Tagged under the XBRL concept us-gaap:InterestCostsCapitalized.
The source filing: Kirby Corporation’s 10-K, filed February 17, 2026.
- Filed
- Feb 17, 2026, 12:48 PM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-054016
improvements, term of lease. When property items are retired, sold, or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts with any gain or loss on the disposition included in the statement of earnings. Maintenance and repairs on vessels built for use on the inland waterways are charged to operating expense as incurred and includes the costs incurred in United States Coast Guard (“USCG”) inspections unless the shipyard extends the life, improves the operating capacity, or replaces significant components of the vessel, which results in the costs being capitalized. Interest is capitalized on the construction of new vessels. For the year ended December 31, 2025, $1.0 million of interest was capitalized. For the years ended 2024 and 2023, no interest was capitalized.
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
FAQ
- What is Kirby Corporation's construction of new vessels — interest costs capitalized?
- Kirby Corporation (KEX) reported construction of new vessels — interest costs capitalized of $250K in Q4 2025.
- What does construction of new vessels — interest costs capitalized mean?
- This metric represents the portion of interest expense incurred during the construction phase of long-term capital assets that is capitalized as part of the asset's cost rather than expensed immediately. It reflects the company's investment in fleet expansion or modernization projects requiring significant lead times. By capitalizing these costs, the company aligns the expense recognition with the future economic benefits generated by the new vessels.
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