Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information (Table)
 

Dry Bulk Vessel

Operations

for the

Year Ended

December 31,

2021

 

Logistics Business

for the

Year Ended

December 31,

2021

 

Total

for the

Year Ended

December 31,

2021

Revenue $ 362,343   $ 223,475   $ 585,818
Interest income   26     230     256
Interest expense and finance cost (1)   (80,450)     (64,559)     (145,009)
Depreciation and amortization   (29,582)     (31,653)     (61,235)
Equity in net earnings of affiliate companies   69,275         69,275
Net income attributable to Navios Holdings common stockholders   140,651 (2)    (23,965) (3)    116,686
Total assets   1,200,255     608,523     1,808,778
Goodwill   56,240     104,096     160,336
Capital expenditures   (24,950)     (23,848)     (48,798)
Investment in affiliate companies   125,744         125,744
Cash and cash equivalents   21,011     32,580     53,591
Restricted cash   84,260         84,260
Long-term debt, net (including current and noncurrent portion) $ 844,134   $ 542,350   $ 1,386,484

(1) Interest expense and finance cost for the year ended December 31, 2021 excludes $4,404 relating to the intercompany interest of the Grimaud loan, which is eliminated upon consolidation.
(2) The Dry Bulk Vessel Operations net income is adjusted to exclude the mark to market loss of $2,559 for the year ended December 31, 2021, following the repayment of the Grimaud loan in Shares which is eliminated upon consolidation.
(3) The Logistics Business net income is adjusted for the items referred in footnote (1) above as well as the mark to market loss of $24,169 recognized in Navios Logistics statement of income for the year ended December 31, 2021, following the repayment of the Grimaud loan and the sale of the Shares which is eliminated upon consolidation.

 

 

 

Dry Bulk Vessel 

Operations

for the

Year Ended

December 31,

2020

 

Logistics Business

for the

Year Ended

December 31,

2020

 

Total

for the

Year Ended

December 31,

2020

Revenue $ 200,794   $ 215,924   $ 416,718
Interest income   48     209     257
Interest expense and financing cost   (88,237)     (48,322)     (136,559)
Depreciation and amortization   (42,076)     (28,939)     (71,015)
Equity in net losses of affiliate companies   (1,293)         (1,293)
Net (loss)/ income attributable to Navios Holdings common stockholders   (192,207)     (754)     (192,961)
Total assets   1,316,936     654,389     1,971,325
Goodwill   56,240     104,096     160,336
Capital expenditures   (99,068)     (8,441)     (107,509)
Investment in affiliate companies   56,988         56,988
Cash and cash equivalents   20,011     74,870     94,881
Restricted cash   16,303         16,303
Long-term debt, net (including current and noncurrent portion) $ 1,043,839   $ 540,590   $ 1,584,429

 

 

 

Dry Bulk Vessel 

Operations

for the

Year Ended

December 31,

2019

 

Logistics Business

for the

Year Ended

December 31,

2019

 

Total

for the

Year Ended

December 31,

2019

Revenue $ 254,178   $ 228,271   $ 482,449
Administrative fee revenue from affiliate companies   16,991         16,991
Interest income   9,610     1,052     10,662
Interest expense and financing cost   (92,948)     (40,531)     (133,479)
Depreciation and amortization   (52,288)     (29,435)     (81,723)
Equity in net losses of affiliate companies   (9,185)         (9,185)
Net (loss)/ income attributable to Navios Holdings common stockholders   (209,096)     16,986     (192,110)
Total assets   1,511,517     631,338     2,142,855
Goodwill   56,240     104,096     160,336
Capital expenditures   (36,628)     (7,943)     (44,571)
Investment in affiliate companies   64,352         64,352
Cash and cash equivalents   32,386     45,605     77,991
Restricted cash   736       736
Long-term debt, net (including current and noncurrent portion) $ 1,048,318   $ 514,929   $ 1,563,247
Segment Information - Revenue by Geographic Region (Table)
 

Year ended

December 31,

2021

 

Year ended

December 31,

2020

 

Year ended

December 31,

2019

North America $   $   $ 2,259
Australia   11,905     2,055    
Europe   184,786     132,582     179,009
Asia   155,123     63,610     67,468
South America   234,004     218,442     232,394
Other       28     1,319
Total $ 585,818   $ 416,718   $ 482,449