CHRW FY 2010 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$9.3B	—	$7.6B	—	22.4%
Op. Income	$623M	—	$585M	—	6.5%
Gross Margin	9.0%	—	18.2%	—	-9.2pp
Net Margin	4.2%	—	4.8%	—	-0.6pp
EPS (Diluted)	$2.33	—	$2.13	—	9.4%
Free Cash Flow	$316M	—	$338M	—	-6.5%

Revenue Flow

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$8.4B
GROSS PROFIT	$836M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$845M
SG&A Expenses	$213M
Other Expenses	$0
Operating Expenses	$213M
Cost & Expenses	$8.7B
OPERATING INCOME	$623M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$624M
Income Tax Expense	$237M
Net Income from Continuing Ops	$387M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$387M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$387M
D&A	$29M
EBIT	$623M
EBITDA	$652M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$8.4B
GROSS PROFIT	$836M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$845M
SG&A Expenses	$213M
Other Expenses	$0
Operating Expenses	$213M
Cost & Expenses	$8.7B
OPERATING INCOME	$623M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$624M
Income Tax Expense	$237M
Net Income from Continuing Ops	$387M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$387M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$387M
D&A	$29M
EBIT	$623M
EBITDA	$652M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$387M
Depreciation & Amortization	$29M
Stock-Based Compensation	$37M
Deferred Income Tax	$8M
Other Non-Cash Items	$17M
Change in Working Capital	-$133M
OPERATING CASH FLOW	$345M
Capital Expenditure	-$29M
Acquisitions (Net)	-$41M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$53M
Other Investing Activities	$36M
NET CASH FROM INVESTING	$9M
Net Debt Issuance	$0
Common Stock Repurchased	-$151M
Common Dividends Paid	-$169M
Other Financing Activities	$31M
NET CASH FROM FINANCING	-$289M
FREE CASH FLOW	$316M
Net Change in Cash	$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$399M
Short-Term Investments	$9M
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$114M
Goodwill	$359M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$514M
TOTAL ASSETS	$2.0B
Account Payables	$568M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$772M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$792M
Common Stock	$17M
Additional Paid-In Capital	$178M
Retained Earnings	$1.6B
Treasury Stock	-$598M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$60M
Net Debt	-$339M