Expeditors international of washington, inc. (EXPD)
CashFlow / TTM
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'09Sep'08Jun'08
Operating Activities:
Net earnings

574,687

592,016

633,845

636,285

623,701

619,790

607,668

565,207

533,016

490,383

434,026

421,369

429,053

432,533

436,535

447,322

449,212

459,497

445,137

429,198

402,597

379,460

362,729

352,661

353,596

350,011

349,501

345,499

336,857

332,969

342,610

360,759

371,758

386,243

389,551

378,713

374,102

344,205

317,407

278,933

242,338

240,397

256,893

270,935

0

0

0

Adjustments to reconcile net earnings to net cash from operating activities:
Provisions for losses (recoveries) on accounts receivable

3,707

-1

2,029

3,241

2,185

3,808

4,401

4,173

4,160

5,356

3,333

2,913

2,960

2,607

3,639

2,452

2,474

2,173

1,813

2,243

2,155

763

-476

456

60

2,116

2,839

1,806

1,318

-90

-226

-1,318

-993

1,327

1,466

3,379

2,824

3,414

3,122

1,060

603

804

2,294

2,676

0

0

0

Deferred income tax (benefit) expense

-2,765

4,482

5,474

-12,314

-12,776

-12,031

-45,217

-50,461

-46,435

-43,695

-2,507

24,908

11,532

15,835

7,029

857

15,958

17,999

-1,264

4,262

-1,833

-6,576

7,270

-23,830

-20,903

-20,975

-12,936

24,837

13,280

11,639

9,928

-3,988

3,352

-4,065

-1,615

7,148

16,361

10,569

13,857

7,721

-15,788

-1,609

-11,828

2,520

0

0

0

Excess tax benefits from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,930

1,977

2,106

1,115

1,687

1,640

1,729

2,339

2,793

2,852

3,074

5,401

4,523

5,001

6,480

5,300

17,342

20,275

22,097

23,863

11,934

8,710

6,676

5,726

5,866

13,509

0

0

0

Stock compensation expense

59,317

61,543

62,337

64,084

58,262

56,147

55,043

52,351

51,552

50,908

49,989

49,255

45,009

45,217

45,190

45,633

44,339

43,415

42,802

41,932

42,146

42,533

42,973

43,939

43,102

43,813

44,272

44,577

44,463

44,058

43,678

45,096

44,406

44,278

44,142

42,250

43,017

43,743

43,117

43,065

43,433

39,135

40,578

41,107

0

0

0

Depreciation and amortization

50,217

50,950

51,642

52,591

53,490

54,019

53,902

52,839

51,305

49,310

48,184

47,794

47,394

46,796

46,441

46,034

45,812

46,012

46,176

47,442

48,439

49,292

50,030

49,918

49,175

48,071

46,276

43,677

41,673

39,940

38,391

37,560

37,147

36,776

36,940

36,826

36,679

36,900

37,500

38,338

39,472

40,035

40,347

40,480

0

0

0

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

501

436

333

42

48

86

0

0

0

Other, net

-1,185

-941

-689

-703

-788

-647

3,464

3,753

3,983

4,382

3,729

4,095

3,927

3,540

98

107

74

24

-110

-247

-288

-340

-553

-601

-774

-844

-3,817

-4,890

-4,855

-4,864

-2,351

-2,301

-2,406

-2,496

-1,811

-988

-1,044

-1,215

0

0

0

-

0

0

0

0

0

Changes in operating assets and liabilities:
Decrease in accounts receivable

-52,122

-265,919

-187,525

66,452

85,141

214,971

217,302

133,312

159,578

184,771

232,174

164,351

139,553

102,297

-49,796

-110,541

-222,119

-62,619

56,603

118,053

265,905

206,887

181,467

127,598

91,203

64,575

30,526

48,931

63,968

89,856

15,095

-4,113

-53,200

-46,915

-66,145

-36,254

169,175

188,823

388,165

447,987

168,006

1,077

-68,896

-71,143

0

0

0

Increase (decrease) in accounts payable and accrued expenses

-58,787

-181,987

-183,023

-8,578

9,597

86,036

146,359

92,563

87,111

114,631

124,700

100,937

99,736

102,716

-13,327

-71,019

-114,403

-84,164

42,699

85,434

138,773

153,424

123,371

91,383

75,086

44,150

4,474

-9,918

15,676

30,625

6,087

5,284

-57,447

-40,819

-46,242

3,158

117,156

130,138

249,138

295,519

153,249

29,910

-14,992

-19,679

0

0

0

Increase (decrease) in contract liabilities

20,829

-37,097

-42,154

7,313

14,604

43,928

49,149

12,893

-7,401

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deferred contract costs

18,516

-28,811

-37,688

7,236

14,245

42,097

51,235

16,612

-3,407

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in income taxes payable, net

-24,977

-18,472

-43,717

-33,754

-22,207

-19,691

-3,808

25,049

15,949

16,264

15,056

-15,896

-3,471

-12,370

-2,340

10,441

6,175

18,382

18,227

299

-8,071

-12,998

-33,320

-5,256

8,422

8,435

3,120

-20,175

-615

1,441

-693

2,993

-16,540

-3,237

13,142

15,075

47,131

39,495

27,130

9,342

-2,650

-12,706

18,416

-8,931

0

0

0

(Increase) decrease in other, net

9,567

-4,830

3,596

1,922

1,448

2,781

-1,644

5,158

666

5,365

2,070

-2,407

-478

-1,988

17

2,423

4,971

-653

-1,163

-1,318

980

3,270

2,589

3,645

251

2,015

1,712

4,205

2,472

63

5,249

6,398

4,144

7,483

4,379

130

1,079

1,475

674

-2,618

1,637

-159

4,670

3,245

0

0

0

Net cash from operating activities

647,452

771,935

708,739

633,961

626,810

572,804

597,140

595,779

528,437

488,639

434,808

465,241

489,211

529,485

574,694

591,577

668,121

566,562

538,330

492,345

355,503

394,966

367,387

376,989

416,129

407,536

406,332

379,205

387,993

370,126

417,313

441,452

426,695

457,131

484,026

503,739

446,228

395,518

291,657

221,101

285,641

330,800

391,508

385,049

0

0

0

Investing Activities:
Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,026

47,028

87,303

55,618

136,726

152,932

122,648

197,246

116,116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,320

79,084

126,403

142,046

122,726

212,441

126,400

110,853

89,915

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in short-term investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-85

35

54

-26

-42

-194

0

0

0

Purchase of property and equipment

43,714

47,022

47,775

43,987

43,113

47,474

65,055

87,784

96,051

95,016

86,946

65,143

58,042

59,316

52,453

49,340

48,973

44,383

42,725

41,434

38,157

37,472

37,370

44,597

52,103

53,411

53,245

47,933

40,606

47,626

56,333

66,782

74,078

78,115

74,609

64,943

55,951

42,408

36,017

34,578

33,626

34,700

49,967

54,769

0

0

0

Escrow deposit for land acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment on long-term leases, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

419

369

291

276

231

322

0

0

0

Other, net

-30

-428

-1,271

-2,148

454

1,140

1,068

2,438

834

1,074

436

-1,442

-5,816

-5,928

-4,359

-76

4,352

3,595

3,324

288

1,810

338

-2,184

-2,120

-4,920

-2,806

-1,141

-731

624

-290

-160

368

341

2,253

2,222

382

1,025

-229

435

1,205

607

1,901

518

1,264

0

0

0

Net cash from investing activities

-43,105

-46,015

-46,289

-41,624

-43,352

-48,399

18,282

-5,817

-12,480

-11,685

-87,190

-63,509

-52,034

-53,196

-39,618

-2,000

-53,047

-7,426

-13,993

-2,622

19,360

-78,911

-2,778

-65,826

-133,576

-76,806

-151,663

-136,723

-25,070

-46,994

-55,504

-66,570

-90,124

-80,339

-77,635

-65,918

-57,045

-42,179

-31,755

-33,154

-39,045

-41,348

-59,454

-62,861

0

0

0

Financing Activities:
Repayments of short-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from issuance of common stock

144,454

148,245

133,356

120,449

183,525

182,732

211,877

229,986

186,124

205,092

200,449

192,056

189,043

185,313

163,908

160,992

137,551

130,964

125,501

99,347

96,425

69,269

66,129

71,292

56,715

59,752

59,602

50,586

50,520

52,511

47,056

53,423

61,762

56,646

93,417

100,169

95,368

99,784

65,372

52,761

50,609

46,925

69,248

59,678

0

0

0

Repurchases of common stock

627,966

389,060

389,060

474,889

519,872

647,898

693,282

748,230

596,710

478,258

410,297

309,211

321,274

337,658

482,613

590,893

622,915

629,991

491,096

398,170

401,424

550,781

611,890

580,771

470,980

261,936

234,127

235,429

298,230

302,414

196,992

153,063

114,352

112,071

215,434

239,918

247,877

246,312

146,884

113,205

83,316

84,509

152,407

169,274

0

0

0

Excess tax benefits from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,930

1,977

2,106

1,115

1,687

1,640

1,729

2,339

2,793

2,852

3,074

5,401

4,523

5,001

6,480

5,300

17,342

20,275

22,097

23,863

11,934

8,710

6,676

5,726

5,866

13,509

0

0

0

Dividends Paid

-

-

-

0

-

-

-

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

0

0

Payments for taxes related to net share settlement of equity awards

0

-

-

0

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interest

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,730

7,730

7,730

7,730

0

0

0

0

-

-

-

-

-

-

-

-

3,851

2,122

2,122

0

0

0

Distributions to noncontrolling interest

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

2,122

1,275

1,275

1,275

503

85

1,246

1,246

1,161

2,338

0

0

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

0

Net cash from financing activities

-662,135

-418,042

-426,493

-526,475

-498,919

-627,738

-640,719

-676,312

-561,985

-424,565

-359,032

-266,339

-278,689

-298,803

-461,708

-572,904

-623,782

-636,822

-495,548

-428,729

-428,802

-605,534

-668,359

-633,285

-537,074

-332,028

-300,532

-310,807

-370,911

-363,047

-259,078

-207,949

-153,076

-157,091

-201,074

-216,014

-216,335

-208,588

-155,021

-137,223

-109,399

-117,348

-121,470

-174,228

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-19,668

-1,122

-10,599

-4,066

-28,011

-24,031

-17,535

-7,706

22,886

24,275

2,158

-747

-16,362

-10,847

649

-22,136

-10,519

-41,625

-50,586

-45,828

-43,963

-31,066

-16,100

6,574

-9,120

-11,892

-11,449

-9,813

-10,240

6,401

4,097

-28,516

-9,051

-9,810

-1,729

43,723

23,975

13,785

5,076

-6,406

20,772

12,797

-11,482

-17,623

0

0

0

Change in cash and cash equivalents

-77,456

306,756

225,358

61,796

56,528

-127,364

-42,832

-94,056

-23,142

76,664

-9,256

134,646

142,126

166,639

74,017

-5,463

-19,227

-119,311

-21,797

15,166

-97,902

-320,545

-319,850

-315,548

-263,641

-13,190

-57,312

-78,138

-18,228

-33,514

106,828

138,417

174,444

209,891

203,588

265,530

196,823

158,536

109,957

44,318

157,969

184,901

199,102

130,337

0

0

0

Taxes Paid:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

5

27

110

231

539

569

497

417

175

0

0

0

Income taxes

220,134

222,083

251,980

250,092

237,989

239,255

242,237

241,181

259,077

249,704

240,174

240,613

245,474

254,312

254,392

256,070

249,090

239,367

249,105

250,630

255,204

254,439

256,527

256,681

235,913

235,368

226,367

215,225

207,613

207,174

238,460

253,405

266,857

266,621

225,536

212,087

177,898

171,618

166,277

160,477

163,377

158,745

153,831

174,837

0

0

0