CHRW FY 2011 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$10.3B	—	$9.3B	—	11.5%
Op. Income	$693M	—	$623M	—	11.2%
Gross Margin	9.1%	—	9.0%	—	0.0pp
Net Margin	4.2%	—	4.2%	—	0.0pp
EPS (Diluted)	$2.62	—	$2.33	—	12.4%
Free Cash Flow	$377M	—	$316M	—	19.2%

Revenue Flow

Item	Amount
REVENUE	$10.3B
Cost of Revenue	$9.4B
GROSS PROFIT	$936M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$940M
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$9.6B
OPERATING INCOME	$693M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$695M
Income Tax Expense	$263M
Net Income from Continuing Ops	$432M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$432M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$32M
EBIT	$693M
EBITDA	$725M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.3B
Cost of Revenue	$9.4B
GROSS PROFIT	$936M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$940M
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$9.6B
OPERATING INCOME	$693M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$695M
Income Tax Expense	$263M
Net Income from Continuing Ops	$432M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$432M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$32M
EBIT	$693M
EBITDA	$725M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$432M
Depreciation & Amortization	$32M
Stock-Based Compensation	$39M
Deferred Income Tax	$6M
Other Non-Cash Items	$11M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$430M
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$9M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$0
Common Stock Repurchased	-$241M
Common Dividends Paid	-$195M
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$415M
FREE CASH FLOW	$377M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$374M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$127M
Goodwill	$360M
Intangible Assets	$35M
Long-Term Investments	-$38M
Tax Assets	$8M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$526M
TOTAL ASSETS	$2.1B
Account Payables	$643M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$877M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$890M
Common Stock	$16M
Additional Paid-In Capital	$206M
Retained Earnings	$1.8B
Treasury Stock	-$810M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$62M
Net Debt	-$312M