C. H. Robinson Worldwide (CHRW) FY2017 results: revenue $14.9 billion, up 13.1% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $14.9 billion for fiscal 2017, the year ended 31 December 2017, up 13.1% on the year before. Net income was $505 million, down 1.7%, and diluted earnings per share $3.57. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$14.9 billion
+13.1% on the year
FY2010FY2017
Operating margin
5.2%
6.4% a year earlier
FY2010FY2017
Net income
$505 million
-1.7% on the year
FY2010FY2017
Diluted EPS
$3.57
-0.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
14,869
13,144
13,476
+13.1%
Cost of revenue
1,244
1,317
1,365
-5.5%
Gross profit
13,625
11,827
12,111
+15.2%
Gross margin
91.6%
90.0%
89.9%
Operating income
775
838
858
-7.5%
Operating margin
5.2%
6.4%
6.4%
Pre-tax income
728
812
823
-10.3%
Income tax
224
299
313
-25.1%
Effective tax rate
30.7%
36.8%
38.1%
Net income
505
513
510
-1.7%
Net margin
3.4%
3.9%
3.8%
Diluted EPS
$3.57
$3.59
$3.51
-0.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
384
529
718
-27.5%
Capital expenditure
40.1
73.5
28.1
-45.4%
Free cash flow
344
456
690
-24.6%
Free cash flow margin
2.3%
3.5%
5.1%
Cash from investing
-108
-313
-54.4
Cash from financing
-202
-127
-608
Depreciation and amortisation
93.0
74.7
66.4
+24.5%
Share-based compensation
41.8
37.6
57.7
+11.3%
Buybacks
185
173
230
+7.3%
Dividends paid
258
245
236
+5.2%
Dividend per share
$1.81
$1.74
$1.57
+4.0%
Diluted shares, weighted
141m
143m
145m
-1.1%
Shares outstanding at period end
140m
141m
143m
-1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,426
1,258
1,150
+13.3%
Debt
1,465
1,240
950
+18.1%
Other liabilities
1,345
1,190
1,084
+13.0%
Total liabilities and equity
4,236
3,688
3,184
+14.9%
Fixed assets
230
233
191
-1.1%
Goodwill
1,276
1,233
1,108
+3.5%
Intangible assets
152
168
120
-9.5%
Cash and equivalents
334
248
168
+34.8%
Receivables
2,114
1,711
1,506
+23.5%
Other assets
130
95.6
91.1
+36.2%
Total assets
4,236
3,688
3,184
+14.9%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.