CHRW FY 2008 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2008 Earnings

Reported February 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$8.6B	—	$7.3B	—	17.3%
Op. Income	$572M	—	$510M	—	12.1%
Gross Margin	16.0%	—	17.0%	—	-1.0pp
Net Margin	4.2%	—	4.4%	—	-0.2pp
EPS (Diluted)	$2.08	—	$1.86	—	11.8%
Free Cash Flow	$424M	—	$265M	—	60.1%

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$7.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$803M
Other Expenses	$0
Operating Expenses	$803M
Cost & Expenses	$8.0B
OPERATING INCOME	$572M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$578M
Income Tax Expense	$219M
Net Income from Continuing Ops	$359M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$31M
EBIT	$572M
EBITDA	$603M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$7.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$803M
Other Expenses	$0
Operating Expenses	$803M
Cost & Expenses	$8.0B
OPERATING INCOME	$572M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$578M
Income Tax Expense	$219M
Net Income from Continuing Ops	$359M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$31M
EBIT	$572M
EBITDA	$603M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$359M
Depreciation & Amortization	$31M
Stock-Based Compensation	$21M
Deferred Income Tax	$3M
Other Non-Cash Items	$15M
Change in Working Capital	$19M
OPERATING CASH FLOW	$448M
Capital Expenditure	-$24M
Acquisitions (Net)	-$60M
Purchases of Investments	-$137M
Sales/Maturities of Investments	$251M
Other Investing Activities	$769.0K
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$9M
Common Stock Repurchased	-$201M
Common Dividends Paid	-$151M
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$326M
FREE CASH FLOW	$424M
Net Change in Cash	$156M

Balance Sheet

Item	Amount
Cash & Equivalents	$495M
Short-Term Investments	$3M
Net Receivables	$829M
Inventory	$0
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$104M
Goodwill	$325M
Intangible Assets	$15M
Long-Term Investments	-$24M
Tax Assets	$15M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$468M
TOTAL ASSETS	$1.8B
Account Payables	$569M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$698M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$709M
Common Stock	$17M
Additional Paid-In Capital	$177M
Retained Earnings	$1.2B
Treasury Stock	-$297M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$84M
Net Debt	-$411M