CHRW FY 2019 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$15.3B	—	$16.6B	—	-7.9%
Op. Income	$790M	—	$912M	—	-13.4%
Gross Margin	8.4%	—	8.2%	—	0.2pp
Net Margin	3.8%	—	4.0%	—	-0.2pp
EPS (Diluted)	$4.19	—	$4.73	—	-11.4%
Free Cash Flow	$765M	—	$729M	—	4.9%

Revenue Flow

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$14.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$498M
Other Expenses	$0
Operating Expenses	$498M
Cost & Expenses	$14.5B
OPERATING INCOME	$790M
Interest Income	$0
Interest Expense	$48M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$742M
Income Tax Expense	$165M
Net Income from Continuing Ops	$577M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$577M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$577M
D&A	$100M
EBIT	$790M
EBITDA	$890M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$14.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$498M
Other Expenses	$0
Operating Expenses	$498M
Cost & Expenses	$14.5B
OPERATING INCOME	$790M
Interest Income	$0
Interest Expense	$48M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$742M
Income Tax Expense	$165M
Net Income from Continuing Ops	$577M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$577M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$577M
D&A	$100M
EBIT	$790M
EBITDA	$890M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$577M
Depreciation & Amortization	$100M
Stock-Based Compensation	$39M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$6M
Change in Working Capital	$128M
OPERATING CASH FLOW	$835M
Capital Expenditure	-$70M
Acquisitions (Net)	-$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	-$112M
Common Stock Repurchased	-$309M
Common Dividends Paid	-$278M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$651M
FREE CASH FLOW	$765M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$448M
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$519M
Goodwill	$1.3B
Intangible Assets	$143M
Long-Term Investments	$0
Tax Assets	$13M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$4.6B
Account Payables	$985M
Short-Term Debt	$143M
Deferred Revenue	$0
Other Current Liabilities	$113M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$40M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$3.0B
Common Stock	$13M
Additional Paid-In Capital	$547M
Retained Earnings	$4.1B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$76M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$1.6B
Net Debt	$1.1B