CHRW Q3 2016 Earnings Report — C.H. Robinson Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

C.H. Robinson Worldwide, Inc.CHRW

Q3 2016 Earnings

Reported November 9, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$3.4B	$3.3B	—	1.7%	—
Op. Income	$211M	$234M	—	-9.6%	—
Gross Margin	9.0%	9.8%	—	-0.8pp	—
Net Margin	3.8%	4.3%	—	-0.5pp	—
EPS (Diluted)	$0.90	$1.00	—	-10.0%	—
Free Cash Flow	$102M	$117M	—	-12.4%	—

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$0
Operating Expenses	$90M
Cost & Expenses	$3.1B
OPERATING INCOME	$211M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$204M
Income Tax Expense	$75M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$18M
EBIT	$211M
EBITDA	$229M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$0
Operating Expenses	$90M
Cost & Expenses	$3.1B
OPERATING INCOME	$211M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$204M
Income Tax Expense	$75M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$18M
EBIT	$211M
EBITDA	$229M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$18M
Stock-Based Compensation	$5M
Deferred Income Tax	$5M
Other Non-Cash Items	$794.0K
Change in Working Capital	-$28M
OPERATING CASH FLOW	$130M
Capital Expenditure	-$27M
Acquisitions (Net)	-$220M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$330.0K
NET CASH FROM INVESTING	-$248M
Net Debt Issuance	$260M
Common Stock Repurchased	-$67M
Common Dividends Paid	-$64M
Other Financing Activities	$6M
NET CASH FROM FINANCING	$135M
FREE CASH FLOW	$102M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$224M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$60M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$226M
Goodwill	$1.3B
Intangible Assets	$150M
Long-Term Investments	-$50M
Tax Assets	$6M
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.7B
Account Payables	$820M
Short-Term Debt	$725M
Deferred Revenue	-$67M
Other Current Liabilities	$88M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$500M
Deferred Revenue NC	$19M
Deferred Tax Liabilities	$76M
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$595M
TOTAL LIABILITIES	$2.4B
Common Stock	$14M
Additional Paid-In Capital	$411M
Retained Earnings	$3.1B
Treasury Stock	-$2.2B
Accum. Other Comp. Income	-$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$1.2B
Net Debt	$1.0B