Fourth quarter 2021 GAAP earnings per share of $0.18 including a one-time $0.09 per share deferred tax provision related to a change in Louisiana tax law. Fourth quarter 2021 adjusted earnings per share of $0.27. Solid improvement in inland marine with barge market strengthening and operating margins approaching 10%. Distribution and services activity sequentially lower due to supply chain delays and seasonality. Meaningful improvement expected in 2022 in both inland marine and distribution and services. 2022 projected cash flow from operations of $400 million to $480 million and capital expenditures of $170 to $190 million.
http://investors.kirbycorp.com/news-releases/news-release-details/kirby-corporation-announces-2021-fourth-quarter-and-full-year