C. H. Robinson Worldwide (CHRW) FY2023 results: revenue $17.6 billion, down 28.7% on the year
C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $17.6 billion for fiscal 2023, the year ended 31 December 2023, down 28.7% on the year before. Net income was $325 million, down 65.4%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$17.6 billion
-28.7% on the year
FY2016FY2023
Operating margin
2.9%
5.1% a year earlier
FY2016FY2023
Net income
$325 million
-65.4% on the year
FY2016FY2023
Diluted EPS
$2.72
-63.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
732
1,650
95.0
-55.6%
Capital expenditure
30.0
61.9
34.2
-51.6%
Free cash flow
702
1,588
60.8
-55.8%
Free cash flow margin
4.0%
6.4%
0.3%
Cash from investing
-82.8
-64.9
-85.7
Cash from financing
-718
-1,620
7.6
Depreciation and amortisation
99.0
92.8
91.3
+6.7%
Share-based compensation
58.2
90.7
130
-35.9%
Buybacks
63.9
1,460
582
-95.6%
Dividends paid
292
285
277
+2.2%
Dividend per share
$2.44
$2.26
$2.08
+8.0%
Diluted shares, weighted
120m
127m
134m
-5.9%
Shares outstanding at period end
117m
116m
129m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,419
1,353
2,022
+4.8%
Debt
1,580
1,974
1,919
-19.9%
Operating lease liabilities
298
314
241
-5.2%
Other liabilities
1,929
2,314
2,846
-16.6%
Total liabilities and equity
5,225
5,955
7,028
-12.2%
Fixed assets
145
159
140
-9.2%
Goodwill
1,474
1,471
1,485
+0.2%
Intangible assets
43.7
64.0
89.6
-31.8%
Cash and equivalents
146
217
257
-33.1%
Receivables
2,382
2,992
3,963
-20.4%
Other assets
1,036
1,051
1,093
-1.5%
Total assets
5,225
5,955
7,028
-12.2%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.