C.h. robinson worldwide, inc. (CHRW)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
OPERATING ACTIVITIES
Net income

78,146

99,106

146,894

169,180

161,788

187,150

175,895

159,163

142,297

152,556

119,186

111,071

122,080

122,303

129,028

143,090

118,963

126,583

139,432

137,208

106,476

112,947

124,981

118,596

93,187

92,952

107,737

111,872

103,343

256,392

116,330

114,582

106,500

109,214

114,347

111,023

97,028

103,161

102,627

97,226

84,012

87,734

95,460

92,253

85,383

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

24,393

25,327

25,480

25,082

24,560

24,327

23,923

24,238

24,241

23,637

23,963

22,946

22,431

21,953

17,657

18,184

16,875

16,896

16,831

16,439

16,243

13,567

14,093

14,800

14,549

14,830

14,100

14,145

13,807

12,009

8,873

8,791

8,417

8,784

8,415

8,160

7,139

7,256

7,412

7,142

7,559

8,319

7,541

7,173

7,481

Provision for credit losses

5,675

5,211

-2,582

1,450

1,774

3,301

3,278

2,425

6,630

2,313

3,507

4,051

3,618

2,398

594

2,059

85

-437

2,922

5,062

3,991

-825

4,789

4,858

6,270

5,264

4,688

3,342

2,293

2,316

4,535

-1,238

4,846

2,136

2,854

1,665

2,397

2,480

4,383

4,422

2,637

3,059

3,718

6,050

3,858

Stock-based compensation

11,397

-1,574

8,850

14,684

17,123

19,316

23,771

26,570

18,134

17,296

7,667

4,524

12,318

6,939

4,841

10,606

15,179

14,149

12,493

15,683

15,336

14,300

17,138

11,630

4,793

-1,762

971

4,770

5,115

38,304

4,518

6,793

9,766

6,527

9,465

10,099

12,510

14,479

10,187

7,717

4,664

4,080

5,520

6,040

5,627

Gain on divestiture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,848

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,622

953

1,962

-4,958

-364

-9,521

3,220

-8,988

-26

-21,317

-1,791

-2,940

-2,048

-6,823

4,828

1,654

15,350

-8,739

-6,576

-2,206

426

-4,018

-4,993

-863

6,757

-3,470

2,703

-1,310

27,303

-18,298

313

-609

4,152

5,656

712

1,204

-1,822

-3,208

190

7,481

3,111

1,608

2,433

-3,413

-1,258

Excess tax benefit on stock-based compensation

3,737

1,584

12,261

-9,811

4,458

1,043

16,847

-1,278

-6,224

1,749

1,325

1,239

9,344

1,255

2,103

1,277

13,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating activities

-788

-641

5,432

-385

-576

-465

-682

-345

-323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-309

0

0

-5

-420

-76

175

-192

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-51

-485

-

-200

-186

-180

-

-21

-9

-429

-

-68

-128

-372

-

-89

-103

-35

-811

0

-2,379

-18

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating elements (net of acquisitions):
Receivables

133,142

-104,204

-14,933

28,545

-117,720

-78,204

53,632

204,564

10,056

-13,099

132,598

149,478

95,204

35,398

43,783

136,325

-42,295

-146,611

-48,612

60,064

27,599

-69,868

-54,364

92,611

168,723

-110,152

-1,201

124,402

74,267

-115,254

-26,000

168,773

60,588

-46,306

-70,211

137,084

142,121

-103,759

-3,218

151,974

119,117

4,872

-44,205

123,316

-26,128

Contract assets

-8,713

-17,694

-28,447

13,459

5,921

-41,776

19,164

21,219

13,264

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

11,038

10,931

2,536

10,037

6,367

-1,289

-9,414

1,001

-6,327

9,850

-10,323

3,597

6,049

-5,770

-6,918

11,688

7,378

-6,119

-13,455

7,163

12,639

-10,375

-10,133

-2,072

16,286

-5,211

-1,681

-12

12,158

-7,302

-3,589

6,431

-800

9,027

-5,904

4,373

4,078

-4,450

-5,246

3,415

4,401

-2,223

647

7,671

6,809

Other non-current assets

-

-

-

-

-

-

-

-

-

-

1,204

0

1,016

1,141

1,178

1,615

0

-617

612

699

-1,435

-110

0

-69

-201

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and outstanding checks

98,946

-21,839

-33,507

48,120

-10,742

-84,569

18,882

79,973

21,797

-22,111

31,022

87,929

47,201

22,407

40,667

75,626

-22,783

-76,309

-33,854

35,786

21,105

-26,874

-53,984

33,057

88,052

-55,738

2,745

49,243

51,238

-49,896

-18,829

87,319

43,138

-42,646

-20,008

48,992

81,701

-50,198

-26,342

54,260

36,964

13,847

-12,504

67,979

-47,468

Accrued compensation

-23,879

4,562

15,657

26,283

-87,259

31,858

22,534

30,486

-37,867

13,311

17,251

14,511

-37,864

2,535

10,924

23,402

-84,431

22,165

28,442

32,682

-64,709

17,178

29,195

31,871

-38,008

7,926

12,254

14,643

-49,920

9,166

23,326

18,108

-69,664

11,513

27,946

27,934

-47,385

19,570

21,793

17,627

-52,332

10,351

20,242

21,786

-54,244

Accrued transportation expense

-7,294

-13,303

-24,472

11,818

7,331

-36,990

16,745

28,311

17,109

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

5,196

-5,594

-3,991

-42,129

39,078

11,929

-2,821

-23,116

35,184

10,944

-2,312

-41,764

51,949

5,873

-29,558

10,874

32,732

-4,048

-3,456

-27,160

48,390

-7,060

-10,008

-19,525

32,223

-11,830

-24,396

42,174

-111,805

103,853

-8,369

-28,878

37,936

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

1,829

3,727

1,044

2,365

1,801

-2,744

667

14,405

-5,128

1,263

-6,167

11,250

-15,861

5,678

-9,468

8,335

-9,090

11,884

-4,463

5,224

-8,489

8,394

-8,822

9,846

-7,099

1,226

885

1,729

-13,039

-2,896

-3,234

1,076

-8,429

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

-884

-4,961

1,860

-251

-291

735

1,138

-2,150

-1,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,145

41,379

-47,244

-

1,451

34,538

-40,828

-2,954

9,934

39,227

-39,985

Net cash provided by operating activities

58,499

211,561

167,332

199,595

256,931

264,013

220,413

107,900

200,570

165,652

68,338

57,315

92,696

152,580

129,567

143,111

104,150

253,893

213,247

150,801

100,395

208,104

176,954

113,928

14,440

164,848

124,658

116,321

-58,050

193,186

157,128

32,944

77,084

136,157

214,701

26,241

52,613

207,643

127,263

5,948

3,925

130,200

156,034

27,654

58,683

INVESTING ACTIVITIES
Purchases of property and equipment

7,841

9,629

9,887

8,155

8,619

9,206

15,225

8,850

11,719

7,990

8,027

10,568

13,537

17,327

22,642

20,362

13,121

8,798

7,775

7,647

3,895

3,073

4,431

3,736

11,124

12,493

9,545

9,571

8,745

8,000

10,693

7,515

9,888

18,530

5,669

6,070

5,663

3,718

6,012

5,095

2,893

4,242

7,895

6,612

11,613

Purchases and development of software

6,862

9,893

9,492

9,544

5,246

5,078

4,279

5,770

3,744

3,537

5,421

5,682

3,183

2,999

4,493

5,789

4,704

3,033

5,431

5,292

2,771

1,293

1,881

2,493

1,471

1,477

2,114

2,829

1,432

3,765

3,228

3,635

3,932

5,195

3,627

4,085

3,967

3,244

2,958

3,282

1,475

-

-

-

-

Acquisitions, net of cash acquired

223,617

12

809

14,236

44,143

4,000

0

1,315

0

622

46,666

0

1,780

0

220,203

0

0

2,725

-2,035

0

369,143

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,211

8,541

40,522

11,915

0

0

Sales/maturities of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

984

8,327

24,881

15,240

6,509

6,481

1,212

617

1,396

750

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-359,388

359,388

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

0

-11

-16,617

0

-8

2,017

59

820

726

725

-1,299

1,151

-56

613

330

-365

770

-106

-174

101

-462

434

-160

0

-268

0

-114

-64

-43

-213

-14

-188

-4

-21

-156

13

-18

72

-15

2

25

28

-174

-39

0

Net cash used for investing activities

-238,320

-19,523

-3,571

-31,935

-58,000

-20,301

-19,563

-16,755

-16,189

-12,874

-58,815

-17,401

-18,444

-20,939

-247,668

-25,786

-18,595

-14,450

-10,997

-13,040

-15,959

-364,188

-6,152

-6,229

-12,327

-13,970

-11,545

6,790

-10,134

-320,381

-13,907

-10,962

-13,816

-23,704

-4,140

-9,184

-1,285

17,847

6,285

-9,081

-6,453

-42,419

-51,217

-19,389

-10,863

FINANCING ACTIVITIES
Proceeds from stock issued for employee benefit plans

11,269

22,650

12,490

8,337

19,615

4,861

10,578

11,349

24,497

14,860

3,456

3,991

15,823

3,268

3,871

5,142

6,990

2,521

3,178

2,944

6,914

2,129

2,396

2,731

4,686

2,269

2,599

2,895

7,403

5,028

3,104

3,108

7,628

3,809

3,347

4,587

7,193

10,825

4,323

3,555

5,354

3,493

1,175

6,974

6,099

Stock tendered for payment of withholding taxes

13,795

763

1,672

638

12,042

661

1,710

802

18,091

811

1,120

671

18,955

458

3,087

863

32,270

388

790

866

9,324

848

468

338

10,950

-14

2,249

976

46,933

634

2,128

891

7,129

729

1,747

885

5,979

-

-

-

-

-

-

-

-

Payment of contingent purchase price

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

927

1,048

0

0

11,613

0

0

468

3,850

0

0

0

0

-

-

-

-

Repurchase of common stock

68,563

68,141

67,681

105,998

67,624

98,897

82,597

71,797

47,700

55,494

59,497

41,495

28,999

63,840

63,837

23,999

21,249

68,748

71,192

51,993

37,930

38,878

76,294

46,869

2,000

93,935

566,938

51,452

44,980

77,963

61,621

39,993

65,490

79,436

96,999

18,999

45,500

41,003

20,913

20,940

68,201

89,935

50,087

71,507

55,377

Cash dividends

69,871

69,921

68,855

69,268

69,742

70,061

64,599

65,177

65,382

65,457

63,959

64,209

64,597

54,301

63,609

63,632

63,888

64,167

56,931

57,182

57,335

57,418

52,681

52,489

52,420

53,127

54,099

56,558

56,473

112,080

54,122

54,426

54,725

48,379

48,756

48,711

48,851

42,193

42,073

42,227

42,409

40,842

41,175

41,275

39,573

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,255

2,103

1,277

13,827

1,250

1,258

1,198

4,842

1,356

1,004

945

4,253

1,029

1,425

1,201

23,554

2,463

2,177

1,655

5,999

2,288

1,914

3,542

7,511

3,595

5,200

1,906

2,391

1,914

3,826

2,243

1,983

Proceeds from short-term borrowings

765,600

171,000

0

0

14,000

86,000

170,000

299,000

2,119,000

2,336,000

2,166,000

1,832,000

2,450,000

2,185,000

1,575,000

1,360,000

1,480,000

1,325,000

1,615,000

1,868,000

2,025,000

1,325,000

1,063,000

1,210,000

1,225,000

1,111,000

920,000

1,126,023

1,008,000

324,051

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments on short-term borrowings

587,600

71,000

0

0

19,000

81,000

236,000

884,000

2,183,000

2,340,000

2,039,000

1,980,000

2,450,000

2,170,000

1,315,000

1,365,000

1,460,000

1,405,000

1,715,000

1,868,000

2,000,000

1,065,000

1,118,000

1,220,000

1,190,000

1,086,000

935,652

1,151,000

871,017

75,688

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for financing activities

37,040

-134,175

-126,718

-255,567

-134,793

-159,758

-204,328

-120,415

-170,676

-110,902

5,880

-384

-96,728

-99,076

135,441

-87,075

-76,590

-209,532

-224,477

-105,899

-67,833

164,857

-181,043

-106,020

-21,431

-118,750

-134,914

-129,867

18,627

64,129

-112,590

-90,547

-125,330

-122,447

-142,241

-60,934

-89,476

-75,100

-53,463

-57,706

-102,865

-125,370

-86,261

-103,565

-86,868

Effect of exchange rates on cash

-10,505

5,571

-7,926

-2,259

2,720

-3,140

-9,296

-9,937

2,187

-5,293

8,722

3,858

4,604

-9,348

26

-2,573

2,212

-4,769

-6,137

3,806

-9,760

-7,549

-6,258

-277

84

196

1,507

-3,127

-562

130

1,697

-2,173

-242

926

-1,480

439

-1,124

-1,216

3,223

-2,681

-2,270

-1,377

847

2,471

-5,995

Net change in cash and cash equivalents

-153,286

63,434

29,117

-90,166

66,858

80,814

-12,774

-39,207

15,892

36,583

24,125

43,388

-17,872

23,217

17,366

27,677

11,177

25,142

-28,364

35,668

6,843

1,224

-16,499

1,402

-19,234

32,324

-20,294

-9,883

-50,119

-62,936

32,328

-70,738

-62,304

-9,068

66,840

-43,438

-39,272

149,174

83,308

-63,520

-107,663

-38,966

19,403

-92,829

-45,043

Supplemental cash flow disclosures
Accrued share repurchases held in other accrued liabilities

-

-

-

-

-

-

-

-

-

-3,500

4,000

-3,000

3,000

3,003

-15

0

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-700

96

1,404

-

-1,027

5,359

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-