Matson Inc

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

MATX$207.00-0.4%Stored close · as of Nov 10, 2026

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Contents

5. Property and Equipment

5.	PROPERTY AND EQUIPMENT

Property and equipment consists of the following as of December 31, 2023 and 2022:


· · As of December 31, 2023 · · As of December 31, 2022
· · · Accumulated · · · · Accumulated ·
(In millions) · · Cost · · Depreciation · · Net Book Value · · Cost · · Depreciation · · Net Book Value
Vessels	$2,323.4	$886.8	$1,436.6	$2,278.6	$838.8	$1,439.8
Containers and equipment	845.0	451.9	393.1	762.7	433.8	328.9
Terminal facilities and other property	148.0	58.6	89.4	131.5	53.6	77.9
New vessel construction in progress	103.1	—	103.1	50.2	—	50.2
Other construction in progress	67.7	—	67.7	65.7	—	65.7
Total	$3,487.2	$1,397.3	$2,089.9	$3,288.7	$1,326.2	$1,962.5

New vessel construction in progress at December 31, 2023 and 2022 includes milestone progress payments, capitalized interest and other costs related to the construction ofthree new Jones Act vessels. Delivery of the first vessel is currently anticipated to be in the fourth quarter of 2026, with subsequent deliveries expected in the second and fourth quarters of 2027.

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 are as follows:

· · · · · · · · · ·
· · Years Ended December 31,
(In millions) · 2023 · 2022 · 2021
Depreciation expense	$124.4	$123.5	$117.1

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.