10-Q Filing

C. H. ROBINSON WORLDWIDE, INC. CIK: 1043277 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001043277-16-000025`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	chrw-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 68

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.98M	USD	Point-in-time
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$43.45M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.78M	USD	Point-in-time
Receivables, net of allowance for doubtful accounts of $41,980 and $43,455	`ReceivablesNetCurrent`	$1.51B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net of allowance for doubtful accounts of $41,980 and $43,455	`ReceivablesNetCurrent`	$1.46B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$16.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$15.63M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$40.06M	USD	Point-in-time
Common stock, par value ( in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value ( in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$47.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.71B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.73B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$195.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	178.78M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	178.78M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$190.87M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	143.46M	shares	Point-in-time
Goodwill	`Goodwill`	$1.11B	USD	Point-in-time
Goodwill	`Goodwill`	$1.11B	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	143.03M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35.33M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$114.18M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35.75M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$120.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.21M	USD	Point-in-time
Total assets	`Assets`	$3.18B	USD	Point-in-time
Total assets	`Assets`	$3.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$690.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$697.59M	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$86.30M	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$70.39M	USD	Point-in-time
Compensation and profit-sharing contribution	`EmployeeRelatedLiabilitiesCurrent`	$61.25M	USD	Point-in-time
Compensation and profit-sharing contribution	`EmployeeRelatedLiabilitiesCurrent`	$146.67M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$12.57M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$32.59M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$55.48M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$47.13M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$450.00M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$470.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$500.00M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$500.00M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$18.52M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$19.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$79.65M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$65.46M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$208.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$217.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.03B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.97B	USD	Point-in-time
Preferred stock, $ .10 par value, 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $ .10 par value, 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $ .10 par value, 480,000 shares authorized; 178,783 and 178,784 shares issued, 143,031 and 143,455 outstanding	`CommonStockValueOutstanding`	$14.30M	USD	Point-in-time
Common stock, $ .10 par value, 480,000 shares authorized; 178,783 and 178,784 shares issued, 143,031 and 143,455 outstanding	`CommonStockValueOutstanding`	$14.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$379.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$393.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.98B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.95M	USD	Point-in-time
Treasury stock at cost (35,752 and 35,329 shares)	`TreasuryStockValue`	$2.16B	USD	Point-in-time
Treasury stock at cost (35,752 and 35,329 shares)	`TreasuryStockValue`	$2.13B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$3.16B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$3.18B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Transportation	`TransportationServicesRevenue`	$2.71B	USD	1 Quarter
Transportation	`TransportationServicesRevenue`	$2.95B	USD	1 Quarter
Sourcing	`SalesRevenueGoodsNet`	$353.63M	USD	1 Quarter
Sourcing	`SalesRevenueGoodsNet`	$360.25M	USD	1 Quarter
Total revenues	`Revenues`	$3.30B	USD	1 Quarter
Total revenues	`Revenues`	$3.07B	USD	1 Quarter
Purchased transportation and related services	`CostOfPurchasedTransportationAndRelatedServices`	$2.18B	USD	1 Quarter
Purchased transportation and related services	`CostOfPurchasedTransportationAndRelatedServices`	$2.45B	USD	1 Quarter
Purchased products sourced for resale	`CostOfGoodsSold`	$330.99M	USD	1 Quarter
Purchased products sourced for resale	`CostOfGoodsSold`	$323.67M	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$277.50M	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$255.14M	USD	1 Quarter
Other selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$86.89M	USD	1 Quarter
Other selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$88.04M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.87B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.12B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$181.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$198.95M	USD	1 Quarter
Interest and other expense	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-9.61M	USD	1 Quarter
Interest and other expense	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-8.77M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$172.32M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$190.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$71.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$65.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$106.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$118.96M	USD	1 Quarter
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.55M	USD	1 Quarter
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-13.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$93.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$122.51M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.20M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	143.53M	shares	1 Quarter
Dilutive effect of outstanding stock awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	133,000.00	shares	1 Quarter
Dilutive effect of outstanding stock awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	179,000.00	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.66M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.38M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$106.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$118.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.24M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$85.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.99M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.34M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$426.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.35M	USD	1 Quarter
Loss on sale/disposal of assets	`GainLossOnSaleOfOtherAssets`	$-429.00K	USD	1 Quarter
Loss on sale/disposal of assets	`GainLossOnSaleOfOtherAssets`	$-180.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$27.60M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-42.30M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.38M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.64M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.44M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$-22.78M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$21.11M	USD	1 Quarter
Accrued compensation and profit-sharing contribution	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-84.43M	USD	1 Quarter
Accrued compensation and profit-sharing contribution	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-64.71M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$18.91M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$48.39M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-8.49M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-9.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.15M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.12M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$4.70M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$2.77M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$369.14M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-359.39M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-462.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$770.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.96M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.59M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$6.91M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$6.99M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.32M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.27M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$21.25M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$37.93M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$63.89M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$57.34M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$13.83M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.84M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$1.48B	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$2.02B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.00B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$1.46B	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-76.59M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.83M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.76M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.21M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.18M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.84M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.94M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.41M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$135.78M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.94M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$179.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$168.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$135.78M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.