C. H. Robinson Worldwide (CHRW) FY2018 results: revenue $16.6 billion, up 11.8% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $16.6 billion for fiscal 2018, the year ended 31 December 2018, up 11.8% on the year before. Net income was $665 million, up 31.6%, and diluted earnings per share $4.73. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$16.6 billion
+11.8% on the year
FY2011FY2018
Operating margin
5.5%
5.2% a year earlier
FY2011FY2018
Net income
$665 million
+31.6% on the year
FY2011FY2018
Diluted EPS
$4.73
+32.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
16,631
14,869
13,144
+11.8%
Cost of revenue
n/a
1,244
1,317
Gross profit
n/a
13,625
11,827
Gross margin
n/a
91.6%
90.0%
Operating income
912
775
838
+17.7%
Operating margin
5.5%
5.2%
6.4%
Pre-tax income
880
728
812
+20.8%
Income tax
216
224
299
-3.5%
Effective tax rate
24.5%
30.7%
36.8%
Net income
665
505
513
+31.6%
Net margin
4.0%
3.4%
3.9%
Diluted EPS
$4.73
$3.57
$3.59
+32.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
793
384
529
+106.5%
Capital expenditure
45.0
40.1
73.5
+12.2%
Free cash flow
748
344
456
+117.5%
Free cash flow margin
4.5%
2.3%
3.5%
Cash from investing
-72.8
-108
-313
Cash from financing
-655
-202
-127
Depreciation and amortisation
96.7
93.0
74.7
+4.0%
Share-based compensation
87.8
41.8
37.6
+110.0%
Buybacks
301
185
173
+62.3%
Dividends paid
265
258
245
+2.7%
Dividend per share
$1.88
$1.81
$1.74
+3.9%
Diluted shares, weighted
140m
141m
143m
-0.7%
Shares outstanding at period end
137m
140m
141m
-1.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,595
1,426
1,258
+11.9%
Debt
1,346
1,465
1,240
-8.1%
Other liabilities
1,486
1,345
1,190
+10.5%
Total liabilities and equity
4,427
4,236
3,688
+4.5%
Fixed assets
228
230
233
-0.9%
Goodwill
1,259
1,276
1,233
-1.3%
Intangible assets
109
152
168
-28.2%
Cash and equivalents
379
334
248
+13.4%
Receivables
2,162
2,114
1,711
+2.3%
Other assets
290
130
95.6
+122.8%
Total assets
4,427
4,236
3,688
+4.5%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.