C. H. Robinson Worldwide (CHRW) FY2019 results: revenue $15.3 billion, down 7.9% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $15.3 billion for fiscal 2019, the year ended 31 December 2019, down 7.9% on the year before. Net income was $577 million, down 13.2%, and diluted earnings per share $4.19. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2020.
Revenue
$15.3 billion
-7.9% on the year
FY2012FY2019
Operating margin
5.2%
5.5% a year earlier
FY2012FY2019
Net income
$577 million
-13.2% on the year
FY2012FY2019
Diluted EPS
$4.19
-11.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
15,310
16,631
14,869
-7.9%
Cost of revenue
n/a
n/a
1,244
Gross profit
n/a
n/a
13,625
Gross margin
n/a
n/a
91.6%
Operating income
790
912
775
-13.4%
Operating margin
5.2%
5.5%
5.2%
Pre-tax income
742
880
728
-15.7%
Income tax
165
216
224
-23.4%
Effective tax rate
22.3%
24.5%
30.7%
Net income
577
665
505
-13.2%
Net margin
3.8%
4.0%
3.4%
Diluted EPS
$4.19
$4.73
$3.57
-11.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
835
793
384
+5.4%
Capital expenditure
36.3
45.0
40.1
-19.4%
Free cash flow
799
748
344
+6.9%
Free cash flow margin
5.2%
4.5%
2.3%
Cash from investing
-113
-72.8
-108
Cash from financing
-651
-655
-202
Depreciation and amortisation
100
96.7
93.0
+3.8%
Share-based compensation
39.1
87.8
41.8
-55.5%
Buybacks
309
301
185
+2.8%
Dividends paid
278
265
258
+4.7%
Dividend per share
$2.01
$1.88
$1.81
+6.9%
Diluted shares, weighted
138m
140m
141m
-1.9%
Shares outstanding at period end
135m
137m
140m
-1.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,671
1,595
1,426
+4.7%
Debt
1,235
1,346
1,465
-8.2%
Operating lease liabilities
259
n/a
n/a
Other liabilities
1,476
1,486
1,345
-0.7%
Total liabilities and equity
4,641
4,427
4,236
+4.8%
Fixed assets
208
228
230
-8.7%
Goodwill
1,292
1,259
1,276
+2.6%
Intangible assets
90.9
109
152
-16.4%
Cash and equivalents
448
379
334
+18.3%
Receivables
1,974
2,162
2,114
-8.7%
Other assets
628
290
130
+116.2%
Total assets
4,641
4,427
4,236
+4.8%
10-K for the year ended 31 December 2019, filed 19 February 2020: the filing.