| Segment Information |
NOTE 12: SEGMENT INFORMATION The Company currently has two reportable segments from which it derives its revenues: Dry Bulk Vessel Operations and Logistics Business. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Dry Bulk Vessel Operations consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels. The Logistics Business consists of port terminal business, barge business and cabotage business. The Company measures segment performance based on net income attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company’s reportable segments is as follows:
| |
Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2022 |
|
Logistics Business for the Three Month Period Ended June 30, 2022 |
|
Total for the Three Month Period Ended June 30, 2022 |
| Revenue |
$ |
90,036 |
|
$ |
69,185 |
|
$ |
159,221 |
| Interest expense and finance cost, net |
|
(19,893) |
|
|
(15,450) |
|
|
(35,343) |
| Depreciation and amortization |
|
(6,640) |
|
|
(8,126) |
|
|
(14,766) |
| Equity in net earnings of affiliate companies |
|
13,160 |
|
|
— |
|
|
13,160 |
| Net income attributable to Navios Holdings common stockholders |
|
40,870 |
|
|
4,090 |
|
|
44,960 |
| Total assets |
|
1,115,201 |
|
|
613,131 |
|
|
1,728,332 |
| Goodwill |
|
56,240 |
|
|
104,096 |
|
|
160,336 |
| Capital expenditures |
|
(2,000) |
|
|
(988) |
|
|
(2,988) |
| Investment in affiliate companies |
|
148,384 |
|
|
— |
|
|
148,384 |
| Cash and cash equivalents |
|
8,578 |
|
|
37,642 |
|
|
46,220 |
| Restricted cash |
|
8,726 |
|
|
— |
|
|
8,726 |
| Long-term debt, net (including current and noncurrent portion) |
$ |
679,569 |
|
$ |
544,683 |
|
$ |
1,224,252 |
| |
Dry Bulk Vessel Operations for the Three Month Period Ended June 30, 2021 |
|
Logistics Business for the Three Month Period Ended June 30, 2021 |
|
Total for the Three Month Period Ended June 30, 2021 |
| Revenue |
$ |
86,053 |
|
$ |
57,571 |
|
$ |
143,624 |
| Interest expense and finance cost, net |
|
(21,011) |
|
|
(15,159) |
|
|
(36,170) |
| Depreciation and amortization |
|
(7,917) |
|
|
(8,071) |
|
|
(15,988) |
| Equity in net earnings of affiliate companies |
|
12,854 |
|
|
— |
|
|
12,854 |
| Net income /(loss) attributable to Navios Holdings common stockholders |
|
27,795 |
|
|
(2,859) |
|
|
24,936 |
| Total assets |
|
1,156,441 |
|
|
672,652 |
|
|
1,829,093 |
| Goodwill |
|
56,240 |
|
|
104,096 |
|
|
160,336 |
| Capital expenditures |
|
(22,758) |
|
|
(3,646) |
|
|
(26,404) |
| Investment in affiliate companies |
|
97,351 |
|
|
— |
|
|
97,351 |
| Cash and cash equivalents |
|
25,689 |
|
|
47,470 |
|
|
73,159 |
| Restricted cash |
|
10 |
|
|
— |
|
|
10 |
| Long-term debt, net (including current and noncurrent portion) |
$ |
927,399 |
|
$ |
549,054 |
|
$ |
1,476,453 |
| |
Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2022 |
|
Logistics Business for the Six Month Period Ended June 30, 2022 |
|
Total for the Six Month Period Ended June 30, 2022 |
| Revenue |
$ |
158,672 |
|
$ |
128,339 |
|
$ |
287,011 |
| Interest expense and finance cost, net |
|
(42,114) |
|
|
(30,794) |
|
|
(72,908) |
| Depreciation and amortization |
|
(13,072) |
|
|
(16,072) |
|
|
(29,144) |
| Equity in net earnings of affiliate companies |
|
22,958 |
|
|
— |
|
|
22,958 |
| Net income attributable to Navios Holdings common stockholders |
|
36,099 |
|
|
3,861 |
|
|
39,960 |
| Total assets |
|
1,115,201 |
|
|
613,131 |
|
|
1,728,332 |
| Goodwill |
|
56,240 |
|
|
104,096 |
|
|
160,336 |
| Capital expenditures |
|
(3,578) |
|
|
(2,709) |
|
|
(6,287) |
| Investment in affiliate companies |
|
148,384 |
|
|
— |
|
|
148,384 |
| Cash and cash equivalents |
|
8,578 |
|
|
37,642 |
|
|
46,220 |
| Restricted cash |
|
8,726 |
|
|
— |
|
|
8,726 |
| Long-term debt, net (including current and noncurrent portion) |
$ |
679,569 |
|
$ |
544,683 |
|
$ |
1,224,252 |
| |
Dry Bulk Vessel Operations for the Six Month Period Ended June 30, 2021 |
|
Logistics Business for the Six Month Period Ended June 30, 2021 |
|
Total for the Six Month Period Ended June 30, 2021 |
| Revenue |
$ |
149,781 |
|
$ |
110,794 |
|
$ |
260,575 |
| Interest expense and finance cost, net |
|
(42,855) |
|
|
(29,515) |
|
|
(72,370) |
| Depreciation and amortization |
|
(16,714) |
|
|
(15,540) |
|
|
(32,254) |
| Equity in net earnings of affiliate companies |
|
40,594 |
|
|
— |
|
|
40,594 |
| Net income/ (loss) attributable to Navios Holdings common stockholders |
|
27,694 |
|
|
(2,595) |
|
|
25,099 |
| Total assets |
|
1,156,441 |
|
|
672,652 |
|
|
1,829,093 |
| Goodwill |
|
56,240 |
|
|
104,096 |
|
|
160,336 |
| Capital expenditures |
|
(24,152) |
|
|
(22,033) |
|
|
(46,185) |
| Investment in affiliate companies |
|
97,351 |
|
|
— |
|
|
97,351 |
| Cash and cash equivalents |
|
25,689 |
|
|
47,470 |
|
|
73,159 |
| Restricted cash |
|
10 |
|
|
— |
|
|
10 |
| Long-term debt, net (including current and noncurrent portion) |
$ |
927,399 |
|
$ |
549,054 |
|
$ |
1,476,453 |
|