C. H. Robinson Worldwide (CHRW) FY2012 results: revenue $11.4 billion, up 9.9% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $11.4 billion for fiscal 2012, the year ended 31 December 2012, up 9.9% on the year before. Net income was $594 million, up 37.6%, and diluted earnings per share $3.67. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$11.4 billion
+9.9% on the year
FY2007FY2012
Operating margin
5.9%
6.7% a year earlier
FY2007FY2012
Net income
$594 million
+37.6% on the year
FY2007FY2012
Diluted EPS
$3.67
+40.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
11,359
10,336
9,274
+9.9%
Cost of revenue
1,484
1,407
1,504
+5.4%
Gross profit
9,875
8,929
7,771
+10.6%
Gross margin
86.9%
86.4%
83.8%
Operating income
675
693
623
-2.5%
Operating margin
5.9%
6.7%
6.7%
Pre-tax income
958
695
624
+38.0%
Income tax
365
263
237
+38.6%
Effective tax rate
38.0%
37.9%
38.0%
Net income
594
432
387
+37.6%
Net margin
5.2%
4.2%
4.2%
Diluted EPS
$3.67
$2.62
$2.33
+40.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
460
430
345
+7.1%
Capital expenditure
36.1
35.9
17.7
+0.5%
Free cash flow
424
394
327
+7.7%
Free cash flow margin
3.7%
3.8%
3.5%
Cash from investing
-359
-38.3
8.6
Cash from financing
-264
-415
-289
Depreciation and amortisation
38.1
32.5
29.4
+17.2%
Share-based compensation
59.4
38.6
37.0
+53.8%
Buybacks
245
241
151
+1.7%
Dividends paid
275
195
169
+41.4%
Dividend per share
$1.34
$1.20
$1.04
+11.7%
Diluted shares, weighted
162m
165m
166m
-1.7%
Shares outstanding at period end
161m
163m
166m
-1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,504
1,248
1,204
+20.5%
Debt
254
0.0
0.0
Other liabilities
1,046
890
792
+17.6%
Total liabilities and equity
2,804
2,138
1,996
+31.2%
Fixed assets
150
127
114
+18.2%
Goodwill
822
360
359
+128.6%
Intangible assets
137
10.0
13.5
+1,270.1%
Investments
n/a
0.0
9.3
Cash and equivalents
210
374
399
-43.8%
Receivables
1,412
1,190
1,036
+18.7%
Other assets
72.6
78.2
64.8
-7.2%
Total assets
2,804
2,138
1,996
+31.2%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.