Expeditors International of Washington (EXPD) FY2021 results: revenue $16.5 billion, up 72.4% on the year
Expeditors International of Washington Inc. (EXPD) reported revenue of $16.5 billion for fiscal 2021, the year ended 31 December 2021, up 72.4% on the year before. Net income was $1.4 billion, up 103.3%, and diluted earnings per share $8.27. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2022.
Revenue
$16.5 billion
+72.4% on the year
FY2014FY2021
Operating margin
11.6%
9.8% a year earlier
FY2014FY2021
Net income
$1.4 billion
+103.3% on the year
FY2014FY2021
Diluted EPS
$8.27
+103.2% on the year
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
868
655
772
+32.6%
Capital expenditure
36.2
47.5
47.0
-23.8%
Free cash flow
832
607
725
+37.0%
Free cash flow margin
5.0%
6.3%
9.1%
Cash from investing
-36.6
-46.0
-46.0
Cash from financing
-614
-332
-418
Depreciation and amortisation
51.3
57.0
51.0
-9.9%
Share-based compensation
69.4
62.5
61.5
+11.0%
Buybacks
515
332
389
+54.8%
Dividends paid
196
175
171
+11.9%
Dividend per share
$1.16
$1.04
$1.00
+11.5%
Diluted shares, weighted
171m
171m
174m
+0.2%
Shares outstanding at period end
167m
169m
170m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,494
2,660
2,195
+31.4%
Non-controlling interest
3.6
3.6
2.2
-0.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
386
364
326
+5.9%
Other liabilities
3,726
1,900
1,168
+96.1%
Total liabilities and equity
7,610
4,928
3,692
+54.4%
Fixed assets
488
506
499
-3.7%
Goodwill
7.9
7.9
7.9
0.0%
Cash and equivalents
1,729
1,528
1,230
+13.1%
Receivables
3,810
1,998
1,315
+90.7%
Other assets
1,575
887
639
+77.5%
Total assets
7,610
4,928
3,692
+54.4%
10-K for the year ended 31 December 2021, filed 15 March 2022: the filing.