10 unchanged sentences
Dividends declared per share of common stock by the Company for each fiscal quarter during 2021, 2020 and 2019 were as follows:
−Removed: First Quarter
−Removed: Second Quarter
−Removed: Third Quarter
−Removed: Fourth Quarter
+Added: Dividends Declared
First Quarter
4 unchanged sentences
Although Matson expects to continue paying quarterly cash dividends on its common stock, the declaration and payment of dividends are subject to the discretion of the Board of Directors and will depend upon Matson’s financial condition, results of operations, cash requirements and other factors deemed relevant by the Board of Directors.
−Removed: SELECTED FINANCIAL DATA
−Removed: The comparative selected financial data of the Company is presented for each of the five years in the period ended December 31, 2020.
−Removed: The information should be read in conjunction with Item 8, “Financial Statements and Supplementary Data,” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.
−Removed: All fiscal years include 52 weeks, except for the year ended December 31, 2016 which includes 53 weeks:
−Removed: (In millions, except per share amounts)
−Removed: Operating Revenue:
−Removed: Ocean Transportation
−Removed: Total Operating Revenue
−Removed: Operating and Net Income:
−Removed: Ocean Transportation (2)
−Removed: Total Operating Income
−Removed: Interest expense
−Removed: Other income (expense), net
−Removed: Income before Income Taxes
−Removed: Income taxes (3)
−Removed: Identifiable Assets:
−Removed: Ocean Transportation (4)
−Removed: Capital Expenditure:
−Removed: Ocean Transportation
−Removed: Total Capital Expenditures
−Removed: Depreciation and Amortization:
−Removed: Ocean Transportation
−Removed: Deferred Dry-docking Amortization — Ocean Transportation
−Removed: Total Depreciation and Amortization
−Removed: Earnings Per Share in Net Income:
−Removed: Cash dividends per share declared
−Removed: As of December 31:
−Removed: Total debt obligations — including current portion
−Removed: Total Shareholders' equity
−Removed: Shares outstanding
−Removed: (1) 2016 and subsequent selected financial data includes the operation of Span Alaska acquired as of August 4, 2016.
−Removed: (2) The Ocean Transportation segment includes $26.3 million, $20.8 million, $36.8 million, $28.2 million and $15.8 million of equity in income from the Company’s investment in SSAT, for 2020, 2019, 2018, 2017 and 2016, respectively.
−Removed: (3) Income taxes for the years ended December 31, 2019, 2018 and 2017 include a non-cash income tax (expense)/benefit of $2.9 million, $(2.9) million and $154.0 million, respectively, related to the remeasurement of the Company’s deferred assets and liabilities and other discrete adjustments as a result of applying the Tax Cut and Jobs Act of 2017.
−Removed: (4) The Ocean Transportation segment includes $48.7 million, $76.2 million, $87.0 million, $93.2 million and $82.4 million related to the Company’s investment in SSAT as of December 31, 2020, 2019, 2018, 2017 and 2016, respectively.
−Removed: (5) Excludes expenditures related to Matson’s acquisition of Span Alaska which were classified as payments for acquisitions in Cash Flows used in Investing Activities within the Consolidated Statements of Cash Flows.
−Removed: (6) Identifiable assets for 2020 and 2019 includes Operating lease right of use assets resulting from the adoption of the lease accounting standard in 2019.
+Added: Share Repurchases:
+Added: The following is a summary of Matson common stock repurchased by the Company during the three months ended December 31, 2021:
+Added: Total Number of
+Added: Maximum Number
+Added: Shares Purchased
+Added: of Shares that May
+Added: Total Number of
+Added: as Part of Publicly
+Added: Average Price
+Added: Announced Plans or
+Added: Under the Plans or
+Added: Paid Per Share
+Added: October 1 – 31, 2021
+Added: November 1 – 30, 2021
+Added: December 1 – 31, 2021
+Added: (1) On June 24, 2021, the Company announced that Matson’s Board of Directors had approved a share repurchase program of up to 3.0 million shares of common stock through August 3, 2024.
+Added: Shares will be repurchased in the open market from time to time, and may be made pursuant to a trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
+Added: On January 27, 2022, the Company’s Board of Directors approved the addition of three million shares to the Company’s existing share repurchase program.
+Added: REMOVED AND RESERVED
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.