C. H. Robinson Worldwide (CHRW) FY2016 results: revenue $13.1 billion, down 2.5% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $13.1 billion for fiscal 2016, the year ended 31 December 2016, down 2.5% on the year before. Net income was $513 million, up 0.7%, and diluted earnings per share $3.59. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$13.1 billion
-2.5% on the year
FY2009FY2016
Operating margin
6.4%
6.4% a year earlier
FY2009FY2016
Net income
$513 million
+0.7% on the year
FY2009FY2016
Diluted EPS
$3.59
+2.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
13,144
13,476
13,470
-2.5%
Cost of revenue
1,317
1,365
1,418
-3.5%
Gross profit
11,827
12,111
12,052
-2.3%
Gross margin
90.0%
89.9%
89.5%
Operating income
838
858
748
-2.4%
Operating margin
6.4%
6.4%
5.6%
Pre-tax income
812
823
723
-1.3%
Income tax
299
313
274
-4.6%
Effective tax rate
36.8%
38.1%
37.8%
Net income
513
510
450
+0.7%
Net margin
3.9%
3.8%
3.3%
Diluted EPS
$3.59
$3.51
$3.05
+2.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
529
718
513
-26.3%
Capital expenditure
73.5
28.1
22.4
+161.3%
Free cash flow
456
690
491
-33.9%
Free cash flow margin
3.5%
5.1%
3.6%
Cash from investing
-313
-54.4
-389
Cash from financing
-127
-608
-144
Depreciation and amortisation
74.7
66.4
57.0
+12.4%
Share-based compensation
37.6
57.7
47.9
-34.9%
Buybacks
173
230
164
-24.8%
Dividends paid
245
236
215
+4.2%
Dividend per share
$1.74
$1.57
$1.43
+10.8%
Diluted shares, weighted
143m
145m
148m
-1.6%
Shares outstanding at period end
141m
143m
146m
-1.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,258
1,150
1,047
+9.3%
Debt
1,240
950
1,105
+30.5%
Other liabilities
1,190
1,084
1,062
+9.8%
Total liabilities and equity
3,688
3,184
3,214
+15.8%
Fixed assets
233
191
152
+22.0%
Goodwill
1,233
1,108
825
+11.2%
Intangible assets
168
120
98.3
+39.3%
Cash and equivalents
248
168
129
+47.2%
Receivables
1,711
1,506
1,572
+13.7%
Other assets
95.6
91.1
438
+5.0%
Total assets
3,688
3,184
3,214
+15.8%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.