CHRW FY 2013 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2013 Earnings

Reported March 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$12.8B	—	$11.4B	—	12.3%
Op. Income	$683M	—	$675M	—	1.1%
Gross Margin	7.9%	—	8.4%	—	-0.5pp
Net Margin	3.3%	—	5.2%	—	-2.0pp
EPS (Diluted)	$2.65	—	$3.67	—	-27.8%
Free Cash Flow	$300M	—	$410M	—	-26.9%

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$11.7B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$327M
Other Expenses	$0
Operating Expenses	$327M
Cost & Expenses	$12.1B
OPERATING INCOME	$683M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$673M
Income Tax Expense	$257M
Net Income from Continuing Ops	$416M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$416M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$416M
D&A	$57M
EBIT	$683M
EBITDA	$740M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$11.7B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$327M
Other Expenses	$0
Operating Expenses	$327M
Cost & Expenses	$12.1B
OPERATING INCOME	$683M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$673M
Income Tax Expense	$257M
Net Income from Continuing Ops	$416M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$416M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$416M
D&A	$57M
EBIT	$683M
EBITDA	$740M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$416M
Depreciation & Amortization	$57M
Stock-Based Compensation	$9M
Deferred Income Tax	$25M
Other Non-Cash Items	$16M
Change in Working Capital	-$175M
OPERATING CASH FLOW	$348M
Capital Expenditure	-$48M
Acquisitions (Net)	$19M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$221.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$621M
Common Stock Repurchased	-$757M
Common Dividends Paid	-$220M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$365M
FREE CASH FLOW	$300M
Net Change in Cash	-$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$161M
Goodwill	$829M
Intangible Assets	$132M
Long-Term Investments	-$24M
Tax Assets	$8M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.8B
Account Payables	$686M
Short-Term Debt	$375M
Deferred Revenue	-$57M
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$500M
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$593M
TOTAL LIABILITIES	$1.9B
Common Stock	$15M
Additional Paid-In Capital	$218M
Retained Earnings	$2.4B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$940M
Minority Interest	$0
TOTAL EQUITY	$940M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$875M
Net Debt	$713M