C. H. Robinson Worldwide (CHRW) FY2015 results: revenue $13.5 billion, unchanged on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $13.5 billion for fiscal 2015, the year ended 31 December 2015, unchanged on the year before. Net income was $510 million, up 13.3%, and diluted earnings per share $3.51. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$13.5 billion
+0.0% on the year
FY2008FY2015
Operating margin
6.4%
5.6% a year earlier
FY2008FY2015
Net income
$510 million
+13.3% on the year
FY2008FY2015
Diluted EPS
$3.51
+15.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
13,476
13,470
12,752
+0.0%
Cost of revenue
1,365
1,418
1,542
-3.7%
Gross profit
12,111
12,052
11,210
+0.5%
Gross margin
89.9%
89.5%
87.9%
Operating income
858
748
683
+14.7%
Operating margin
6.4%
5.6%
5.4%
Pre-tax income
823
723
673
+13.7%
Income tax
313
274
257
+14.4%
Effective tax rate
38.1%
37.8%
38.2%
Net income
510
450
416
+13.3%
Net margin
3.8%
3.3%
3.3%
Diluted EPS
$3.51
$3.05
$2.65
+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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
718
513
348
+39.9%
Capital expenditure
28.1
22.4
40.4
+25.7%
Free cash flow
690
491
307
+40.6%
Free cash flow margin
5.1%
3.6%
2.4%
Cash from investing
-54.4
-389
-28.9
Cash from financing
-608
-144
-365
Depreciation and amortisation
66.4
57.0
56.9
+16.5%
Share-based compensation
57.7
47.9
9.1
+20.5%
Buybacks
230
164
757
+40.1%
Dividends paid
236
215
220
+9.6%
Dividend per share
$1.57
$1.43
$1.40
+9.8%
Diluted shares, weighted
145m
148m
157m
-1.5%
Shares outstanding at period end
143m
146m
150m
-2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,150
1,047
940
+9.9%
Debt
950
1,105
875
-14.0%
Other liabilities
1,084
1,062
988
+2.0%
Total liabilities and equity
3,184
3,214
2,803
-0.9%
Fixed assets
191
152
161
+25.2%
Goodwill
1,108
825
829
+34.3%
Intangible assets
120
98.3
117
+22.3%
Cash and equivalents
168
129
162
+30.5%
Receivables
1,506
1,572
1,450
-4.2%
Other assets
91.1
438
83.9
-79.2%
Total assets
3,184
3,214
2,803
-0.9%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.