CHRW FY 2021 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

FY 2021 Earnings

Reported February 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$23.1B	—	$16.2B	—	42.5%
Op. Income	$1.1B	—	$673M	—	60.7%
Gross Margin	7.0%	—	7.2%	—	-0.3pp
Net Margin	3.7%	—	3.1%	—	0.5pp
EPS (Diluted)	$6.31	—	$3.72	—	69.6%
Free Cash Flow	$24M	—	$445M	—	-94.6%

Revenue Flow

Item	Amount
REVENUE	$23.1B
Cost of Revenue	$21.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$0
Operating Expenses	$526M
Cost & Expenses	$22.0B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$178M
Net Income from Continuing Ops	$844M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$844M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$844M
D&A	$91M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$23.1B
Cost of Revenue	$21.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$0
Operating Expenses	$526M
Cost & Expenses	$22.0B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$178M
Net Income from Continuing Ops	$844M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$844M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$844M
D&A	$91M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$844M
Depreciation & Amortization	$91M
Stock-Based Compensation	$130M
Deferred Income Tax	-$110M
Other Non-Cash Items	-$537.0K
Change in Working Capital	-$860M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$71M
Acquisitions (Net)	-$15M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	$823M
Common Stock Repurchased	-$582M
Common Dividends Paid	-$277M
Other Financing Activities	$71M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$24M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$0
Net Receivables	$4.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$432M
Goodwill	$1.5B
Intangible Assets	$160M
Long-Term Investments	$0
Tax Assets	$125M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$7.0B
Account Payables	$1.8B
Short-Term Debt	$525M
Deferred Revenue	$0
Other Current Liabilities	$201M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$5.0B
Common Stock	$13M
Additional Paid-In Capital	$674M
Retained Earnings	$4.9B
Treasury Stock	-$3.5B
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$2.2B
Net Debt	$2.0B