C. H. Robinson Worldwide (CHRW) FY2011 results: revenue $10.3 billion, up 11.5% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $10.3 billion for fiscal 2011, the year ended 31 December 2011, up 11.5% on the year before. Net income was $432 million, up 11.5%, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$10.3 billion
+11.5% on the year
FY2007FY2011
Operating margin
6.7%
6.7% a year earlier
FY2007FY2011
Net income
$432 million
+11.5% on the year
FY2007FY2011
Diluted EPS
$2.62
+12.4% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
10,336
9,274
7,577
+11.5%
Cost of revenue
1,407
1,504
1,427
-6.4%
Gross profit
8,929
7,771
6,150
+14.9%
Gross margin
86.4%
83.8%
81.2%
Operating income
693
623
585
+11.2%
Operating margin
6.7%
6.7%
7.7%
Pre-tax income
695
624
587
+11.3%
Income tax
263
237
226
+11.0%
Effective tax rate
37.9%
38.0%
38.5%
Net income
432
387
361
+11.5%
Net margin
4.2%
4.2%
4.8%
Diluted EPS
$2.62
$2.33
$2.13
+12.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
430
345
373
+24.6%
Capital expenditure
35.9
17.7
30.4
+102.8%
Free cash flow
394
327
342
+20.4%
Free cash flow margin
3.8%
3.5%
4.5%
Cash from investing
-38.3
8.6
-124
Cash from financing
-415
-289
-402
Depreciation and amortisation
32.5
29.4
30.5
+10.7%
Share-based compensation
38.6
37.0
21.3
+4.2%
Buybacks
241
151
267
+59.5%
Dividends paid
195
169
163
+15.3%
Dividend per share
$1.20
$1.04
$0.97
+15.4%
Diluted shares, weighted
165m
166m
169m
-0.7%
Shares outstanding at period end
163m
166m
167m
-1.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,248
1,204
1,080
+3.7%
Debt
0.0
0.0
n/a
Other liabilities
890
792
754
+12.4%
Total liabilities and equity
2,138
1,996
1,834
+7.1%
Fixed assets
127
114
118
+10.9%
Goodwill
360
359
362
+0.2%
Intangible assets
10.0
13.5
18.4
-25.7%
Investments
0.0
9.3
48.3
Cash and equivalents
374
399
337
-6.3%
Receivables
1,190
1,036
886
+14.8%
Other assets
78.2
64.8
65.4
+20.7%
Total assets
2,138
1,996
1,834
+7.1%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.