C. H. Robinson Worldwide (CHRW) FY2014 results: revenue $13.5 billion, up 5.6% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $13.5 billion for fiscal 2014, the year ended 31 December 2014, up 5.6% on the year before. Net income was $450 million, up 8.1%, and diluted earnings per share $3.05. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$13.5 billion
+5.6% on the year
FY2007FY2014
Operating margin
5.6%
5.4% a year earlier
FY2007FY2014
Net income
$450 million
+8.1% on the year
FY2007FY2014
Diluted EPS
$3.05
+15.1% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
13,470
12,752
11,359
+5.6%
Cost of revenue
1,418
1,542
1,484
-8.1%
Gross profit
12,052
11,210
9,875
+7.5%
Gross margin
89.5%
87.9%
86.9%
Operating income
748
683
675
+9.6%
Operating margin
5.6%
5.4%
5.9%
Pre-tax income
723
673
958
+7.4%
Income tax
274
257
365
+6.3%
Effective tax rate
37.8%
38.2%
38.0%
Net income
450
416
594
+8.1%
Net margin
3.3%
3.3%
5.2%
Diluted EPS
$3.05
$2.65
$3.67
+15.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
513
348
460
+47.6%
Capital expenditure
22.4
40.4
36.1
-44.6%
Free cash flow
491
307
424
+59.7%
Free cash flow margin
3.6%
2.4%
3.7%
Cash from investing
-389
-28.9
-359
Cash from financing
-144
-365
-264
Depreciation and amortisation
57.0
56.9
38.1
+0.2%
Share-based compensation
47.9
9.1
59.4
+426.3%
Buybacks
164
757
245
-78.3%
Dividends paid
215
220
275
-2.4%
Dividend per share
$1.43
$1.40
$1.34
+2.1%
Diluted shares, weighted
148m
157m
162m
-6.1%
Shares outstanding at period end
146m
150m
161m
-2.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,047
940
1,504
+11.4%
Debt
1,105
875
254
+26.3%
Other liabilities
1,062
988
1,046
+7.5%
Total liabilities and equity
3,214
2,803
2,804
+14.7%
Fixed assets
152
161
150
-5.1%
Goodwill
825
829
822
-0.5%
Intangible assets
98.3
117
137
-16.3%
Cash and equivalents
129
162
210
-20.4%
Receivables
1,572
1,450
1,412
+8.4%
Other assets
438
83.9
72.6
+421.7%
Total assets
3,214
2,803
2,804
+14.7%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.