EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. EXPD Income Statement

Expeditors international of washington, inc. (EXPD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax
1,901,864	2,044,941	2,074,855	2,035,579	2,020,051	2,235,597	2,090,947	1,957,559	1,854,262	1,901,371	1,802,166	1,672,279	1,545,132	1,642,007	1,562,394	1,475,164	1,418,472	1,596,221	1,651,332	1,691,553	1,677,526	1,768,830	1,705,105	1,599,141	1,491,645	1,625,859	1,537,966	1,503,224	1,413,208	1,544,229	1,531,664	1,504,952	1,411,370	1,512,953	1,606,368	1,581,368	1,460,848	1,582,135	1,667,559	1,516,770	1,201,109	1,246,911	1,037,327	895,360	912,685	1,564,913	1,454,255
Operating Expenses:
Direct Operating Costs
1,286,728	-	1,400,499	-	1,365,937	-	1,429,633	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Airfreight consolidation
-	-	-	-	-	-	-	-	-	-	-	-	443,404	-	444,359	403,419	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	578,924	571,023	427,342	-	340,746	257,016	250,369	553,672	517,683
Salaries and related
342,040	352,723	356,331	356,351	356,910	350,839	351,577	350,948	339,895	336,961	319,050	318,529	292,580	289,544	291,204	293,532	283,355	282,002	295,566	287,065	278,878	276,072	272,548	260,767	255,942	267,002	261,613	255,569	248,417	246,096	252,899	249,925	246,132	247,917	258,512	249,114	237,815	237,822	235,357	221,105	199,848	202,697	194,743	189,565	187,209	224,809	215,535
Rent and occupancy
42,524	41,775	41,987	40,897	41,523	39,627	38,202	38,071	36,913	31,906	30,533	29,163	28,130	27,783	27,091	27,079	26,859	26,364	25,747	24,971	25,388	25,851	26,396	25,401	25,162	24,990	24,542	24,712	24,193	35,247	21,304	20,853	21,176	30,691	21,352	21,354	21,381	19,988	19,295	18,699	19,227	19,463	18,183	17,954	18,724	19,729	19,374
Depreciation and amortization
12,660	12,494	12,386	12,677	13,393	13,186	13,335	13,576	13,922	13,069	12,272	12,042	11,927	11,943	11,882	11,642	11,329	11,588	11,475	11,420	11,529	11,752	12,741	12,417	12,382	12,490	12,629	11,674	11,278	10,695	10,030	9,670	9,545	9,146	9,199	9,257	9,174	9,310	9,085	9,110	9,395	9,910	9,923	10,244	9,958	10,222	10,056
Selling and promotion
8,243	11,150	10,133	11,643	11,076	12,961	10,632	10,788	10,965	11,814	10,608	10,953	10,915	11,946	10,134	10,251	9,432	11,844	10,370	10,529	9,247	11,421	9,240	9,291	8,173	9,352	8,306	8,328	7,257	8,814	7,847	8,860	8,663	10,447	9,342	10,022	9,163	9,593	7,877	7,550	7,035	7,985	6,541	5,547	6,222	8,881	9,744
Other
50,614	47,821	46,969	47,926	43,611	47,055	44,414	45,579	41,325	36,048	39,784	24,706	37,939	35,165	37,685	31,749	34,268	26,379	34,930	35,440	35,561	35,904	33,200	34,395	27,724	30,575	31,499	28,010	28,344	41,133	27,959	31,940	35,784	33,929	31,683	30,539	29,152	28,077	27,508	23,898	25,777	19,303	20,876	19,810	22,928	30,090	29,645
Total operating expenses
1,742,809	1,864,601	1,868,305	1,843,378	1,832,450	2,018,590	1,887,793	1,773,975	1,661,444	1,702,360	1,615,271	1,504,039	1,399,018	1,469,797	1,395,131	1,296,300	1,266,646	1,418,229	1,459,439	1,508,837	1,508,643	1,610,959	1,545,974	1,456,698	1,356,442	1,492,196	1,391,653	1,359,645	1,284,690	1,416,204	1,386,565	1,372,549	1,286,099	1,357,889	1,442,610	1,429,093	1,313,618	1,433,563	1,507,938	1,378,274	1,100,568	1,136,557	941,081	808,433	821,211	1,429,517	1,341,284
Operating income
159,055	180,340	206,550	192,201	187,601	217,007	203,154	183,584	192,818	199,011	186,895	168,240	146,114	172,210	167,263	178,864	151,826	177,992	191,893	182,716	168,883	157,871	159,131	142,443	135,203	133,663	146,313	143,579	128,518	128,025	145,099	132,403	125,271	155,064	163,758	152,275	147,230	148,572	159,621	138,496	100,541	110,354	96,246	86,927	91,474	135,396	112,971
Other Income (Expense):
Interest income
4,807	4,680	5,501	6,516	6,106	4,982	4,704	5,153	4,314	3,639	3,444	3,380	2,741	2,987	2,924	2,890	2,779	2,387	2,666	2,636	2,732	2,519	2,793	2,764	2,697	2,530	2,967	3,070	3,243	3,522	2,831	3,050	3,360	2,715	2,888	2,312	2,320	2,064	1,679	1,484	1,775	1,924	2,214	2,433	3,606	5,005	4,915
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	279	229	214	198	140	151	87	95	325	64	15	23	75
Other, net
3,384	477	1,895	2,262	1,665	256	566	1,167	624	2,547	96	2,190	298	1,706	925	1,603	879	4,031	-3,085	3,804	34	223	2,336	3,190	-281	1,645	1,212	4,325	1,531	1,845	1,050	3,460	477	-3,300	10,792	857	1,117	1,181	-1,666	10,288	609	367	1,192	2,081	4,553	2,225	-162
Other income, net
8,191	5,157	7,396	8,778	7,771	5,238	5,270	6,320	4,938	6,186	3,540	5,570	3,039	4,693	3,849	4,493	3,658	6,418	-419	6,440	2,766	2,742	5,129	5,954	2,416	4,175	4,179	7,395	4,774	5,367	3,881	6,510	3,837	137	13,401	2,940	3,223	3,047	-127	11,621	2,297	2,196	3,081	4,450	8,144	7,207	4,678
Earnings before income taxes
167,246	185,497	213,946	200,979	195,372	222,245	208,424	189,904	197,756	205,197	190,435	173,810	149,153	176,903	171,112	183,357	155,484	184,410	191,474	189,156	171,649	160,613	164,260	148,397	137,619	137,838	150,492	150,974	133,292	133,392	148,980	138,913	129,108	155,201	177,159	155,215	150,453	151,619	159,494	150,117	102,838	112,550	99,327	91,377	99,618	142,603	117,649
Income tax expense
44,464	47,749	53,319	47,449	55,261	42,668	45,357	48,958	61,556	37,742	69,829	65,055	55,586	65,805	63,163	66,918	58,437	69,310	72,738	70,827	64,317	59,873	61,463	56,669	53,424	53,829	57,763	58,311	52,682	49,893	60,253	54,892	52,386	62,061	70,283	60,195	59,246	55,171	63,456	59,708	41,528	42,900	41,763	37,563	40,249	56,457	46,043
Net earnings
122,782	137,748	160,627	153,530	140,111	179,577	163,067	140,946	136,200	167,455	120,606	108,755	93,567	111,098	107,949	116,439	97,047	115,100	118,736	118,329	107,332	100,740	102,797	91,728	84,195	84,009	92,729	92,663	80,610	83,499	88,727	84,021	76,722	93,140	106,876	95,020	91,207	96,448	96,038	90,409	61,310	69,650	57,564	53,814	59,369	86,146	71,606
Less net earnings attributable to the noncontrolling interest
438	422	406	381	412	367	375	341	508	488	343	-96	303	508	368	387	463	651	426	569	628	1,359	416	426	371	513	329	348	295	-709	237	66	15	297	272	20	-25	-54	-67	91	63	515	-188	-256	109	581	357
Net earnings attributable to shareholders
122,344	137,326	160,221	153,149	139,699	179,210	162,692	140,605	135,692	166,967	120,263	108,851	93,264	110,590	107,581	116,052	96,584	114,449	118,310	117,760	106,704	99,381	102,381	91,302	83,824	83,496	92,400	92,315	80,315	84,208	88,490	83,955	76,707	92,843	106,604	95,000	91,232	96,502	96,105	90,318	61,247	69,135	57,752	54,070	59,260	85,565	71,249
Diluted earnings attributable to shareholders per share
0.71	0.79	0.92	0.88	0.80	1.01	0.92	0.79	0.76	0.92	0.66	0.60	0.51	0.61	0.59	0.63	0.53	0.62	0.62	0.61	0.55	0.51	0.53	0.46	0.42	0.39	0.45	0.45	0.39	0.40	0.42	0.39	0.36	0.43	0.50	0.44	0.42	0.45	0.44	0.42	0.28	0.32	0.27	0.25	0.27	0.39	0.32
Basic earnings attributable to shareholders per share
0.73	0.80	0.94	0.90	0.81	1.04	0.94	0.80	0.77	0.94	0.67	0.60	0.52	0.62	0.59	0.64	0.53	0.61	0.63	0.62	0.56	0.51	0.53	0.46	0.42	0.40	0.45	0.45	0.39	0.40	0.42	0.40	0.36	0.44	0.50	0.45	0.43	0.45	0.45	0.43	0.29	0.33	0.27	0.25	0.28	0.40	0.33
Dividends declared and paid per common share
-	-	-	-	-	-	-	-	-	-	0.00	0.42	-	-	0.00	0.40	-	-	0.00	0.36	-	-	0.00	0.32	-	-	0.00	0.30	-	-	0.00	0.28	-	-	0.00	0.25	-	-	0.00	0.20	-	-	0.00	0.19	-	0.00	0.16
Weighted average diluted shares outstanding
171,450	173,499	173,483	174,466	175,388	176,140	177,173	178,603	179,416	180,749	181,788	182,033	182,094	181,974	182,692	183,132	183,018	186,625	189,642	191,918	192,707	193,100	195,001	197,126	201,843	205,404	207,368	207,192	207,613	208,930	211,397	213,212	214,199	213,894	214,717	215,659	215,863	216,352	216,342	216,460	216,630	216,474	216,684	216,653	216,319	218,729	220,515
Weighted average basic shares outstanding
168,735	170,360	170,415	171,003	171,818	172,484	173,394	174,754	175,900	177,498	179,416	180,012	180,062	180,188	181,177	181,753	182,010	185,033	188,424	190,679	191,628	192,598	194,419	196,451	201,118	204,544	206,516	206,444	206,475	207,734	210,135	211,724	212,097	211,988	212,256	212,136	212,088	212,218	212,392	212,332	212,192	211,992	212,241	212,116	212,100	212,747	213,275
Airfreight services
Revenue from Contract with Customer, Excluding Assessed Tax
709,039	-	-	-	714,901	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
709,039	757,954	715,450	741,577	714,901	905,606	833,338	801,761	731,227	854,455	735,164	671,868	615,545	688,835	621,566	582,093	560,853	679,720	659,607	693,812	707,444	780,011	686,434	667,257	647,138	742,371	628,116	642,969	620,374	700,785	622,678	638,541	638,912	705,744	736,946	749,861	700,923	778,009	751,555	732,881	559,383	628,097	457,405	371,359	374,456	703,152	658,882
Direct Operating Costs
520,169	-	-	-	509,210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct Operating Costs
520,169	569,282	522,868	542,639	509,210	683,410	620,554	593,325	513,504	636,344	547,595	499,418	443,404	515,612	444,359	403,419	388,777	503,540	464,161	506,988	513,001	600,713	516,969	503,213	482,882	579,740	466,699	483,016	464,919	546,395	471,947	484,311	481,043	534,159	558,047	576,280	524,636	604,309	578,924	571,023	427,342	493,711	340,746	257,016	250,369	553,672	517,683
Ocean freight and ocean services
Revenue from Contract with Customer, Excluding Assessed Tax
493,427	-	-	-	568,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
493,427	519,730	585,374	543,809	568,641	615,053	585,810	530,008	520,883	521,315	563,386	528,585	493,759	503,150	495,460	464,692	454,192	491,539	559,976	576,772	565,717	568,249	600,483	536,438	469,224	495,552	525,193	492,007	445,479	472,307	549,250	518,998	434,336	441,102	510,521	486,831	440,141	481,263	599,280	493,613	381,244	348,305	331,454	299,292	318,634	567,155	516,473
Direct Operating Costs
366,483	-	-	-	420,331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct Operating Costs
366,483	378,801	424,215	390,299	420,331	464,281	435,313	385,156	379,418	380,689	411,061	385,927	366,063	371,989	359,991	323,699	323,020	354,106	416,075	433,356	445,456	446,244	475,460	423,716	367,375	386,041	409,649	380,727	344,923	364,251	432,518	413,447	331,954	333,567	392,249	377,805	339,549	379,250	488,808	400,729	301,090	268,612	247,733	218,891	238,226	454,622	419,767
Customs brokerage and other services
Revenue from Contract with Customer, Excluding Assessed Tax
699,398	-	-	-	736,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Contract with Customer, Excluding Assessed Tax
699,398	767,257	774,031	750,193	736,509	714,938	671,799	625,790	602,152	525,601	503,616	471,826	435,828	450,022	445,368	428,379	403,427	424,962	431,749	420,969	404,365	420,570	418,188	395,446	375,283	387,936	384,657	368,248	347,355	371,137	359,736	347,413	338,122	366,107	358,901	344,676	319,784	322,863	316,724	290,276	260,482	270,509	248,468	224,709	219,595	294,606	278,900
Direct Operating Costs
400,076	-	-	-	436,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct Operating Costs
400,076	450,555	453,416	440,946	436,396	407,231	373,766	336,532	325,502	255,529	244,368	223,301	208,060	205,815	212,785	194,929	189,606	202,406	201,115	199,068	189,583	203,002	199,420	187,498	176,802	182,006	176,716	167,609	155,359	163,573	162,061	153,543	151,802	158,033	162,226	154,722	142,748	145,214	141,084	126,160	110,854	114,876	102,336	89,406	87,575	127,492	119,480