10-Q Filing

C. H. ROBINSON WORLDWIDE, INC. CIK: 1043277 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001043277-18-000016`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	chrw-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 42 Cash Flow Statement 74

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.51M	USD	Point-in-time
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$42.41M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$247.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$229.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$333.89M	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$349.78M	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net of allowance for doubtful accounts of $40,512 and $42,409	`ReceivablesNetCurrent`	$2.11B	USD	Point-in-time
Receivables, net of allowance for doubtful accounts of $40,512 and $42,409	`ReceivablesNetCurrent`	$2.02B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$161.03M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$63.12M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$60.87M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.51B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$230.61M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	179.10M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	179.10M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$230.33M	USD	Point-in-time
Common stock shares outstanding (shares)	`CommonStockSharesOutstanding`	139.54M	shares	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Common stock shares outstanding (shares)	`CommonStockSharesOutstanding`	139.35M	shares	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$151.59M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	39.75M	shares	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	39.56M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$140.87M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	$11.13M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	$6.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$60.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$60.30M	USD	Point-in-time
Total assets	`Assets`	$4.24B	USD	Point-in-time
Total assets	`Assets`	$4.31B	USD	Point-in-time
Total assets	`Assets`	$3.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$990.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00B	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$74.90M	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$96.36M	USD	Point-in-time
Transportation expense	`AccruedShippingAndHandlingCurrent`	-	USD	Point-in-time
Transportation expense	`AccruedShippingAndHandlingCurrent`	$111.92M	USD	Point-in-time
Compensation	`EmployeeRelatedLiabilitiesCurrent`	$105.32M	USD	Point-in-time
Compensation	`EmployeeRelatedLiabilitiesCurrent`	$69.72M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$12.24M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$42.78M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$58.23M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$54.02M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$715.00M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$651.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$750.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$750.00M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$25.21M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$26.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilities`	$52.88M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilities`	$45.35M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$601.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$596.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.81B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.82B	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; 179,102 and 179,103 shares issued, 139,353 and 139,542 outstanding	`CommonStockValueOutstanding`	$13.94M	USD	Point-in-time
Common stock, $ .10 par value, 480,000 shares authorized; 179,102 and 179,103 shares issued, 139,353 and 139,542 outstanding	`CommonStockValueOutstanding`	$13.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$444.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$451.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.52B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.44B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.46M	USD	Point-in-time
Treasury stock at cost (39,749 and 39,561 shares)	`TreasuryStockValue`	$2.49B	USD	Point-in-time
Treasury stock at cost (39,749 and 39,561 shares)	`TreasuryStockValue`	$2.45B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.43B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$4.24B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$4.31B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Transportation	`TransportationServicesRevenue`	$3.10B	USD	1 Quarter
Transportation	`TransportationServicesRevenue`	$3.64B	USD	1 Quarter
Sourcing	`SalesRevenueGoodsNet`	$313.08M	USD	1 Quarter
Sourcing	`SalesRevenueGoodsNet`	$287.69M	USD	1 Quarter
Total revenues	`Revenues`	$3.93B	USD	1 Quarter
Total revenues	`Revenues`	$3.42B	USD	1 Quarter
Purchased transportation and related services	`CostOfPurchasedTransportationAndRelatedServices`	$3.04B	USD	1 Quarter
Purchased transportation and related services	`CostOfPurchasedTransportationAndRelatedServices`	$2.56B	USD	1 Quarter
Purchased products sourced for resale	`CostOfGoodsSold`	$282.67M	USD	1 Quarter
Purchased products sourced for resale	`CostOfGoodsSold`	$257.80M	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$328.30M	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$290.50M	USD	1 Quarter
Other selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$90.10M	USD	1 Quarter
Other selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.04M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.73B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.23B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$191.59M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$187.96M	USD	1 Quarter
Interest and other expense	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-9.30M	USD	1 Quarter
Interest and other expense	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-10.70M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.88M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$178.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.59M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$56.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$142.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$122.08M	USD	1 Quarter
Other comprehensive (loss)/income	`OtherComprehensiveIncomeLossNetOfTax`	$17.41M	USD	1 Quarter
Other comprehensive (loss)/income	`OtherComprehensiveIncomeLossNetOfTax`	$-565.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$139.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$141.73M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.48M	shares	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	140.03M	shares	1 Quarter
Dilutive effect of outstanding stock awards (shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.24M	shares	1 Quarter
Dilutive effect of outstanding stock awards (shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	374,000.00	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.27M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.86M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.46	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$142.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$122.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.43M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.62M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.63M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$18.13M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.32M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-26.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.05M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.22M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$9.34M	USD	1 Quarter
Loss on sale/disposal of assets	`GainLossOnSaleOfOtherAssets`	$-323.00K	USD	1 Quarter
Loss on sale/disposal of assets	`GainLossOnSaleOfOtherAssets`	$-485.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$95.20M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$10.06M	USD	1 Quarter
Contract assets	`IncreaseDecreaseinContractWithCustomerAsset`	-	USD	1 Quarter
Contract assets	`IncreaseDecreaseinContractWithCustomerAsset`	$13.26M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.33M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.05M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.09M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.02M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$21.80M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$47.20M	USD	1 Quarter
Accrued transportation expense	`IncreaseDecreaseInAccruedShippingAndHandling`	$17.11M	USD	1 Quarter
Accrued transportation expense	`IncreaseDecreaseInAccruedShippingAndHandling`	-	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-37.86M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-37.87M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$51.95M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$35.18M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-5.13M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-15.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$200.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$92.70M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.54M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.72M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$3.18M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$3.74M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.78M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-56.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$726.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.19M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.44M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$15.82M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$24.50M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.09M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.95M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$29.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$47.70M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$64.60M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$65.38M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$2.45B	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$2.12B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.18B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.45B	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-170.68M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-96.73M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.60M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.19M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.87M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.89M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$247.67M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$229.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$333.89M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$349.78M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$247.67M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$229.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$333.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$349.78M	USD	Point-in-time
Accrued share repurchases held in other accrued liabilities	`StockRepurchaseAccrued`	$3.00M	USD	1 Quarter
Accrued share repurchases held in other accrued liabilities	`StockRepurchaseAccrued`	$4.00M	USD	1 Quarter
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.40M	USD	1 Quarter
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$449.00K	USD	1 Quarter

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