Expeditors International of Washington (EXPD) FY2022 results: revenue $17.1 billion, up 3.3% on the year
Expeditors International of Washington Inc. (EXPD) reported revenue of $17.1 billion for fiscal 2022, the year ended 31 December 2022, up 3.3% on the year before. Net income was $1.4 billion, down 4.1%, and diluted earnings per share $8.26. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$17.1 billion
+3.3% on the year
FY2015FY2022
Operating margin
10.7%
11.6% a year earlier
FY2015FY2022
Net income
$1.4 billion
-4.1% on the year
FY2015FY2022
Diluted EPS
$8.26
-0.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,130
868
655
+145.2%
Capital expenditure
86.8
36.2
47.5
+139.5%
Free cash flow
2,043
832
607
+145.5%
Free cash flow margin
12.0%
5.0%
6.3%
Cash from investing
-87.7
-36.6
-46.0
Cash from financing
-1,685
-614
-332
Depreciation and amortisation
57.3
51.3
57.0
+11.7%
Share-based compensation
64.4
69.4
62.5
-7.2%
Buybacks
1,582
515
332
+207.4%
Dividends paid
214
196
175
+9.2%
Dividend per share
$1.34
$1.16
$1.04
+15.5%
Diluted shares, weighted
164m
171m
171m
-4.0%
Shares outstanding at period end
154m
167m
169m
-7.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,110
3,494
2,660
-11.0%
Non-controlling interest
3.5
3.6
3.6
-1.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
423
386
364
+9.6%
Other liabilities
2,054
3,726
1,900
-44.9%
Total liabilities and equity
5,590
7,610
4,928
-26.5%
Fixed assets
502
488
506
+2.9%
Goodwill
7.9
7.9
7.9
0.0%
Cash and equivalents
2,034
1,729
1,528
+17.7%
Receivables
2,108
3,810
1,998
-44.7%
Other assets
939
1,575
887
-40.4%
Total assets
5,590
7,610
4,928
-26.5%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.