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Kirby Corporation KEX Geographic — Intangible Impairment

Discontinued — last reported Q3 '21

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Other financials

Income statement

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Revenue$844.1M+7.4%
Operating income$107.7M+2.0%
Net income$81.2M+6.9%
EPS (diluted)$1.50+12.8%

Balance sheet

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Cash & equivalents$58.0M+13.6%
Total debt$1.2B-7.4%
Total equity$3.4B+2.7%
Total assets$6.1B+1.7%

Cash flow

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Operating cash flow$97.7M+167%
CapEx$48.3M-38.7%
Free cash flow$49.4M+217%

Valuation

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Market cap$7.52B+24.0%
Enterprise value$8.64B+18.3%
P/E20.9×+0.2×
P/S2.2×+0.3×

Profitability

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Operating margin14.6%+2.1pp
Net margin10.5%+1.5pp
FCF margin14.5%+4.4pp

Returns & leverage

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Return on equity10.7%+1.7pp
Debt / equity0.3×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Kirby Corporation in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The official record: Kirby Corporation’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kirby Corporation's geographic — intangible impairment?
Kirby Corporation (KEX) reported geographic — intangible impairment of $97.5M in Q3 2021.
What does geographic — intangible impairment mean?
A non-cash accounting charge taken when the value of intangible assets like customer lists or brand names is reduced on the balance sheet.
How do you interpret geographic — intangible impairment?
An increase signals potential overvaluation of past acquisitions or deteriorating market conditions, whereas a zero or low value suggests stable asset valuation.
How does geographic — intangible impairment compare across companies?
Similar to impairment charges reported by other industrial and logistics firms, often triggered by periodic impairment testing or significant adverse events.