10-Q Filing

C. H. ROBINSON WORLDWIDE, INC. CIK: 1043277 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001043277-23-000016`
Period End Date	20230331
Filing Date	20230428
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	chrw-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 32 Cash Flow Statement 70

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.75M	USD	Point-in-time
Receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.57M	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`	$217.48M	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$239.16M	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Receivables, net of allowance for credit loss of $18,567 and $28,749	`ReceivablesNetCurrent`	$2.99B	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net of allowance for credit loss of $18,567 and $28,749	`ReceivablesNetCurrent`	$2.68B	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract assets, net of allowance for credit loss	`ContractWithCustomerAssetNetCurrent`	$191.71M	USD	Point-in-time
Contract assets, net of allowance for credit loss	`ContractWithCustomerAssetNetCurrent`	$257.60M	USD	Point-in-time
Preferred stock, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$122.19M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$122.41M	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
Total current assets	`AssetsCurrent`	$3.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.23B	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$160.86M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	179.20M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$159.43M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	179.20M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	116.32M	shares	Point-in-time
Goodwill	`Goodwill`	$1.47B	USD	Point-in-time
Goodwill	`Goodwill`	$1.47B	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	116.44M	shares	Point-in-time
Other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$64.03M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockCommonShares`	62.77M	shares	Point-in-time
Other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$58.40M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockCommonShares`	62.88M	shares	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$357.04M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$372.14M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$181.60M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$190.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$123.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$117.31M	USD	Point-in-time
Total assets	`Assets`	$7.52B	USD	Point-in-time
Total assets	`Assets`	$5.60B	USD	Point-in-time
Total assets	`Assets`	$5.95B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.47B	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$71.88M	USD	Point-in-time
Outstanding checks	`BankChecksOutstanding`	$103.56M	USD	Point-in-time
Compensation	`EmployeeRelatedLiabilitiesCurrent`	$242.60M	USD	Point-in-time
Compensation	`EmployeeRelatedLiabilitiesCurrent`	$108.07M	USD	Point-in-time
Transportation expense	`AccruedShippingAndHandlingCurrent`	$145.21M	USD	Point-in-time
Transportation expense	`AccruedShippingAndHandlingCurrent`	$199.09M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$15.21M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$9.33M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$168.01M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$176.29M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$73.72M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$72.96M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$1.05B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$952.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.95B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.32B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$920.27M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$920.05M	USD	Point-in-time
Noncurrent lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$313.74M	USD	Point-in-time
Noncurrent lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$301.17M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$28.32M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$27.01M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$15.33M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$14.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.93M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.60B	USD	Point-in-time
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.10 par value, 480,000 shares authorized; 179,204 and 179,204 shares issued, 116,437 and 116,323 outstanding	`CommonStockValueOutstanding`	$11.63M	USD	Point-in-time
Common stock, $0.10 par value, 480,000 shares authorized; 179,204 and 179,204 shares issued, 116,437 and 116,323 outstanding	`CommonStockValueOutstanding`	$11.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$743.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$730.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.63B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.38M	USD	Point-in-time
Treasury stock at cost (62,767 and 62,881 shares)	`TreasuryStockCommonValue`	$4.90B	USD	Point-in-time
Treasury stock at cost (62,767 and 62,881 shares)	`TreasuryStockCommonValue`	$4.91B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total stockholders investment	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$5.60B	USD	Point-in-time
Total liabilities and stockholders investment	`LiabilitiesAndStockholdersEquity`	$5.95B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.61B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.82B	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$383.11M	USD	1 Quarter
Personnel expenses	`LaborAndRelatedExpense`	$413.36M	USD	1 Quarter
Other selling, general, and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$141.50M	USD	1 Quarter
Other selling, general, and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$147.36M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.45B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.47B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$161.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$345.47M	USD	1 Quarter
Interest and other income/expense, net	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-28.27M	USD	1 Quarter
Interest and other income/expense, net	`TotalNonoperatingInterestAndOtherIncomeExpense`	$-14.17M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$331.30M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$132.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$60.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.35M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.48M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$6.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$277.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$117.37M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$2.07	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$2.05	USD	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	130.50M	shares	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	118.64M	shares	1 Quarter
Dilutive effect of outstanding stock awards (shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.27M	shares	1 Quarter
Dilutive effect of outstanding stock awards (shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.66M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.91M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.16M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$114.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.49M	USD	1 Quarter
Provision for credit losses	`AccountsReceivableAndContractWithCustomerAssetCreditLossExpenseReversal`	$1.67M	USD	1 Quarter
Provision for credit losses	`AccountsReceivableAndContractWithCustomerAssetCreditLossExpenseReversal`	$-6.64M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.61M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.92M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ShareBasedCompensationExcessTaxBenefit`	$4.96M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ShareBasedCompensationExcessTaxBenefit`	$7.01M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$-42.00K	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$-942.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$424.02M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-326.24M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-66.12M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$51.44M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-433.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.92M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$-90.72M	USD	1 Quarter
Accounts payable and outstanding checks	`IncreaseDecreaseInAccountsPayable`	$143.98M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-134.79M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-79.89M	USD	1 Quarter
Accrued transportation expense	`IncreaseDecreaseInAccruedShippingAndHandling`	$-53.88M	USD	1 Quarter
Accrued transportation expense	`IncreaseDecreaseInAccruedShippingAndHandling`	$42.83M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-40.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$48.50M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$8.17M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$8.10M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.33M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.11M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.93M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$254.54M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.37M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.05M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$15.58M	USD	1 Quarter
Purchases and development of software	`PaymentsForSoftware`	$16.18M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.25M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.98M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.95M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$19.67M	USD	1 Quarter
Proceeds from stock issued for employee benefit plans	`ProceedsFromStockPlans`	$25.37M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.46M	USD	1 Quarter
Stock tendered for payment of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.05M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$31.18M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$161.28M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$72.86M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$73.44M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$739.00M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$1.06B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$1.01B	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$840.00M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.77M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-205.99M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$21.68M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.60M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$239.16M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.41M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.81M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$217.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$239.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.81M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$217.48M	USD	Point-in-time

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