C. H. Robinson Worldwide (CHRW) FY2020 results: revenue $16.2 billion, up 5.9% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $16.2 billion for fiscal 2020, the year ended 31 December 2020, up 5.9% on the year before. Net income was $506 million, down 12.2%, and diluted earnings per share $3.72. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$16.2 billion
+5.9% on the year
FY2013FY2020
Operating margin
4.2%
5.2% a year earlier
FY2013FY2020
Net income
$506 million
-12.2% on the year
FY2013FY2020
Diluted EPS
$3.72
-11.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
16,207
15,310
16,631
+5.9%
Operating income
673
790
912
-14.8%
Operating margin
4.2%
5.2%
5.5%
Pre-tax income
628
742
880
-15.3%
Income tax
122
165
216
-26.2%
Effective tax rate
19.4%
22.3%
24.5%
Net income
506
577
665
-12.2%
Net margin
3.1%
3.8%
4.0%
Diluted EPS
$3.72
$4.19
$4.73
-11.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
499
835
793
-40.2%
Capital expenditure
23.1
36.3
45.0
-36.3%
Free cash flow
476
799
748
-40.4%
Free cash flow margin
2.9%
5.2%
4.5%
Cash from investing
-272
-113
-72.8
Cash from financing
-441
-651
-655
Depreciation and amortisation
102
100
96.7
+1.3%
Share-based compensation
44.0
39.1
87.8
+12.6%
Buybacks
178
309
301
-42.6%
Dividends paid
210
278
265
-24.4%
Dividend per share
$2.04
$2.01
$1.88
+1.5%
Diluted shares, weighted
136m
138m
140m
-1.1%
Shares outstanding at period end
134m
135m
137m
-0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,880
1,671
1,595
+12.5%
Debt
1,093
1,235
1,346
-11.5%
Operating lease liabilities
269
259
n/a
+3.5%
Other liabilities
1,902
1,476
1,486
+28.9%
Total liabilities and equity
5,144
4,641
4,427
+10.8%
Fixed assets
179
208
228
-14.1%
Goodwill
1,487
1,292
1,259
+15.1%
Intangible assets
114
90.9
109
+25.3%
Cash and equivalents
244
448
379
-45.6%
Receivables
2,450
1,974
2,162
+24.1%
Other assets
671
628
290
+6.9%
Total assets
5,144
4,641
4,427
+10.8%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.