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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CH Robinson Worldwide Inc | NASDAQ:CHRW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.27 | 0.33% | 81.20 | 79.36 | 82.64 | 81.67 | 79.88 | 81.36 | 2,545,847 | 05:00:01 |
|
|
|
Delaware
|
|
41-1883630
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
|
||
14701 Charlson Road, Eden Prairie, Minnesota
|
|
55347-5088
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Large accelerated filer
|
|
ý
|
|
Accelerated filer
|
|
¨
|
|
Emerging Growth Company
|
¨
|
|
|
|
|
|
|
|
|
||
Non-accelerated filer
|
|
¨
|
|
Smaller reporting company
|
|
¨
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PART I. Financial Information
|
|
|
|
|
Item 1.
|
||
|
||
|
||
|
||
|
||
Item 2.
|
||
Item 3.
|
||
Item 4.
|
||
|
|
|
|
PART II. Other Information
|
|
|
|
|
Item 1.
|
||
Item 1A.
|
||
Item 2.
|
||
Item 3.
|
||
Item 4.
|
||
Item 5.
|
||
Item 6.
|
(In thousands, except per share data)
|
March 31, 2017
|
|
December 31, 2016
|
||||
ASSETS
|
(unaudited)
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
229,794
|
|
|
$
|
247,666
|
|
Receivables, net of allowance for doubtful accounts of $39,508 and $39,543
|
1,802,777
|
|
|
1,711,191
|
|
||
Prepaid expenses and other
|
60,039
|
|
|
49,245
|
|
||
Total current assets
|
2,092,610
|
|
|
2,008,102
|
|
||
|
|
|
|
||||
Property and equipment, net
|
235,059
|
|
|
232,953
|
|
||
Goodwill
|
1,240,950
|
|
|
1,232,796
|
|
||
Other intangible assets, net
|
162,945
|
|
|
167,525
|
|
||
Deferred tax asset
|
3,527
|
|
|
2,250
|
|
||
Other assets
|
40,653
|
|
|
44,132
|
|
||
Total assets
|
$
|
3,775,744
|
|
|
$
|
3,687,758
|
|
|
|
|
|
||||
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
893,237
|
|
|
$
|
839,736
|
|
Outstanding checks
|
74,020
|
|
|
82,052
|
|
||
Accrued expenses:
|
|
|
|
||||
Compensation
|
60,243
|
|
|
98,107
|
|
||
Income taxes
|
59,007
|
|
|
15,472
|
|
||
Other accrued liabilities
|
50,860
|
|
|
70,351
|
|
||
Current portion of debt
|
740,000
|
|
|
740,000
|
|
||
Total current liabilities
|
1,877,367
|
|
|
1,845,718
|
|
||
|
|
|
|
||||
Long-term debt
|
500,000
|
|
|
500,000
|
|
||
Noncurrent income taxes payable
|
17,919
|
|
|
18,849
|
|
||
Deferred tax liabilities
|
64,351
|
|
|
65,122
|
|
||
Other long-term liabilities
|
233
|
|
|
222
|
|
||
Total liabilities
|
2,459,870
|
|
|
2,429,911
|
|
||
Stockholders’ investment:
|
|
|
|
||||
Preferred stock, $ .10 par value, 20,000 shares authorized; no shares issued or outstanding
|
—
|
|
|
—
|
|
||
Common stock, $ .10 par value, 480,000 shares authorized; 179,003 and 179,006 shares issued, 141,164 and 141,258 outstanding
|
14,116
|
|
|
14,126
|
|
||
Additional paid-in capital
|
417,624
|
|
|
419,280
|
|
||
Retained earnings
|
3,248,014
|
|
|
3,190,578
|
|
||
Accumulated other comprehensive loss
|
(44,037
|
)
|
|
(61,442
|
)
|
||
Treasury stock at cost (37,839 and 37,748 shares)
|
(2,319,843
|
)
|
|
(2,304,695
|
)
|
||
Total stockholders’ investment
|
1,315,874
|
|
|
1,257,847
|
|
||
Total liabilities and stockholders’ investment
|
$
|
3,775,744
|
|
|
$
|
3,687,758
|
|
|
Three Months Ended March 31,
|
||||||
(In thousands, except per share data)
|
2017
|
|
2016
|
||||
Revenues:
|
|
|
|
||||
Transportation
|
$
|
3,102,043
|
|
|
$
|
2,713,688
|
|
Sourcing
|
313,082
|
|
|
360,255
|
|
||
Total revenues
|
3,415,125
|
|
|
3,073,943
|
|
||
Costs and expenses:
|
|
|
|
||||
Purchased transportation and related services
|
2,563,885
|
|
|
2,179,622
|
|
||
Purchased products sourced for resale
|
282,674
|
|
|
330,986
|
|
||
Personnel expenses
|
290,504
|
|
|
277,497
|
|
||
Other selling, general, and administrative expenses
|
90,104
|
|
|
86,886
|
|
||
Total costs and expenses
|
3,227,167
|
|
|
2,874,991
|
|
||
Income from operations
|
187,958
|
|
|
198,952
|
|
||
Interest and other expense
|
(9,302
|
)
|
|
(8,772
|
)
|
||
Income before provision for income taxes
|
178,656
|
|
|
190,180
|
|
||
Provision for income taxes
|
56,576
|
|
|
71,217
|
|
||
Net income
|
122,080
|
|
|
118,963
|
|
||
|
|
|
|
||||
Other comprehensive income
|
17,405
|
|
|
3,550
|
|
||
Comprehensive income
|
$
|
139,485
|
|
|
$
|
122,513
|
|
|
|
|
|
||||
Basic net income per share
|
$
|
0.86
|
|
|
$
|
0.83
|
|
Diluted net income per share
|
$
|
0.86
|
|
|
$
|
0.83
|
|
|
|
|
|
||||
Basic weighted average shares outstanding
|
141,484
|
|
|
143,525
|
|
||
Dilutive effect of outstanding stock awards
|
374
|
|
|
133
|
|
||
Diluted weighted average shares outstanding
|
141,858
|
|
|
143,658
|
|
||
|
|
|
|
||||
Cash dividends declared per share
|
$
|
0.45
|
|
|
$
|
0.43
|
|
|
Three Months Ended March 31,
|
||||||
(In thousands)
|
2017
|
|
2016
|
||||
OPERATING ACTIVITIES
|
|
|
|
||||
Net income
|
$
|
122,080
|
|
|
$
|
118,963
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
22,431
|
|
|
16,875
|
|
||
Provision for doubtful accounts
|
3,618
|
|
|
85
|
|
||
Stock-based compensation
|
12,318
|
|
|
15,179
|
|
||
Deferred income taxes
|
(2,048
|
)
|
|
15,350
|
|
||
Excess tax benefit on stock-based compensation
|
(9,344
|
)
|
|
(13,827
|
)
|
||
Loss on sale/disposal of assets
|
485
|
|
|
180
|
|
||
Changes in operating elements (net of acquisitions):
|
|
|
|
||||
Receivables
|
(95,204
|
)
|
|
42,295
|
|
||
Prepaid expenses and other
|
(6,049
|
)
|
|
(7,378
|
)
|
||
Other non-current assets
|
(1,016
|
)
|
|
—
|
|
||
Accounts payable and outstanding checks
|
47,201
|
|
|
(22,783
|
)
|
||
Accrued compensation
|
(37,864
|
)
|
|
(84,431
|
)
|
||
Accrued income taxes
|
51,949
|
|
|
32,732
|
|
||
Other accrued liabilities
|
(15,861
|
)
|
|
(9,090
|
)
|
||
Net cash provided by operating activities
|
92,696
|
|
|
104,150
|
|
||
|
|
|
|
||||
INVESTING ACTIVITIES
|
|
|
|
||||
Purchases of property and equipment
|
(13,537
|
)
|
|
(13,121
|
)
|
||
Purchases and development of software
|
(3,183
|
)
|
|
(4,704
|
)
|
||
Acquisitions, net of cash acquired
|
(1,780
|
)
|
|
—
|
|
||
Other
|
56
|
|
|
(770
|
)
|
||
Net cash used for investing activities
|
(18,444
|
)
|
|
(18,595
|
)
|
||
|
|
|
|
||||
FINANCING ACTIVITIES
|
|
|
|
||||
Proceeds from stock issued for employee benefit plans
|
15,823
|
|
|
6,990
|
|
||
Stock tendered for payment of withholding taxes
|
(18,955
|
)
|
|
(32,270
|
)
|
||
Repurchase of common stock
|
(28,999
|
)
|
|
(21,249
|
)
|
||
Cash dividends
|
(64,597
|
)
|
|
(63,888
|
)
|
||
Excess tax benefit on stock-based compensation
|
—
|
|
|
13,827
|
|
||
Proceeds from short-term borrowings
|
2,450,000
|
|
|
1,480,000
|
|
||
Payments on short-term borrowings
|
(2,450,000
|
)
|
|
(1,460,000
|
)
|
||
Net cash used for financing activities
|
(96,728
|
)
|
|
(76,590
|
)
|
||
|
|
|
|
||||
Effect of exchange rates on cash
|
4,604
|
|
|
2,212
|
|
||
Net (decrease)/increase in cash and cash equivalents
|
(17,872
|
)
|
|
11,177
|
|
||
Cash and cash equivalents, beginning of period
|
247,666
|
|
|
168,229
|
|
||
Cash and cash equivalents, end of period
|
$
|
229,794
|
|
|
$
|
179,406
|
|
Noncash transactions from investing and financing activities:
|
|
|
|
||||
Accrued share repurchases held in other accrued liabilities
|
$
|
3,000
|
|
|
$
|
3,000
|
|
Accrued purchases of property and equipment
|
1,404
|
|
|
—
|
|
|
NAST
|
|
Global Forwarding
|
|
Robinson Fresh
|
|
All Other and Corporate
|
|
Total
|
||||||||||
December 31, 2016 balance
|
$
|
907,230
|
|
|
$
|
159,050
|
|
|
$
|
139,558
|
|
|
$
|
26,958
|
|
|
$
|
1,232,796
|
|
Translation
|
6,001
|
|
|
1,052
|
|
|
923
|
|
|
178
|
|
|
8,154
|
|
|||||
March 31, 2017 balance
|
$
|
913,231
|
|
|
$
|
160,102
|
|
|
$
|
140,481
|
|
|
$
|
27,136
|
|
|
$
|
1,240,950
|
|
|
March 31, 2017
|
|
December 31, 2016
|
||||||||||||||||||||
|
Cost
|
|
Accumulated Amortization
|
|
Net
|
|
Cost
|
|
Accumulated Amortization
|
|
Net
|
||||||||||||
Finite-lived intangibles
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Customer relationships
|
$
|
248,530
|
|
|
$
|
(96,248
|
)
|
|
$
|
152,282
|
|
|
$
|
244,036
|
|
|
$
|
(87,199
|
)
|
|
$
|
156,837
|
|
Non-competition agreements
|
500
|
|
|
(312
|
)
|
|
188
|
|
|
500
|
|
|
(287
|
)
|
|
213
|
|
||||||
Total finite-lived intangibles
|
249,030
|
|
|
(96,560
|
)
|
|
152,470
|
|
|
244,536
|
|
|
(87,486
|
)
|
|
157,050
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Indefinite-lived intangibles
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Trademarks
|
10,475
|
|
|
—
|
|
|
10,475
|
|
|
10,475
|
|
|
—
|
|
|
10,475
|
|
||||||
Total intangibles
|
$
|
259,505
|
|
|
$
|
(96,560
|
)
|
|
$
|
162,945
|
|
|
$
|
255,011
|
|
|
$
|
(87,486
|
)
|
|
$
|
167,525
|
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Amortization expense
|
$
|
8,874
|
|
|
$
|
6,093
|
|
|
NAST
|
|
Global Forwarding
|
|
Robinson Fresh
|
|
All Other and Corporate
|
|
Total
|
||||||||||
Remainder of 2017
|
$
|
5,670
|
|
|
$
|
20,640
|
|
|
$
|
—
|
|
|
$
|
375
|
|
|
$
|
26,685
|
|
2018
|
7,560
|
|
|
27,476
|
|
|
—
|
|
|
—
|
|
|
35,036
|
|
|||||
2019
|
7,560
|
|
|
27,476
|
|
|
—
|
|
|
—
|
|
|
35,036
|
|
|||||
2020
|
—
|
|
|
24,772
|
|
|
—
|
|
|
—
|
|
|
24,772
|
|
|||||
2021
|
—
|
|
|
11,251
|
|
|
—
|
|
|
—
|
|
|
11,251
|
|
|||||
Thereafter
|
—
|
|
|
19,690
|
|
|
—
|
|
|
—
|
|
|
19,690
|
|
|||||
Total
|
|
|
|
|
|
|
|
|
$
|
152,470
|
|
•
|
Level 1 — Quoted market prices in active markets for identical assets or liabilities.
|
•
|
Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data.
|
•
|
Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets.
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Stock options
|
$
|
3,002
|
|
|
$
|
3,337
|
|
Stock awards
|
8,410
|
|
|
10,840
|
|
||
Company expense on ESPP discount
|
906
|
|
|
1,002
|
|
||
Total stock-based compensation expense
|
$
|
12,318
|
|
|
$
|
15,179
|
|
Cash
|
$
|
10,181
|
|
Receivables
|
37,190
|
|
|
Inventory and other current assets
|
2,609
|
|
|
Property and equipment
|
1,696
|
|
|
Identifiable intangible assets
|
78,842
|
|
|
Goodwill
|
132,797
|
|
|
Other noncurrent assets
|
70
|
|
|
Long term deferred tax asset
|
814
|
|
|
Total assets
|
264,199
|
|
|
|
|
||
Accounts payable
|
(22,147
|
)
|
|
Accrued expenses
|
(12,700
|
)
|
|
Estimated net assets acquired
|
$
|
229,352
|
|
|
Estimated Life (years)
|
|
|
||
Customer relationships
|
7
|
|
$
|
78,842
|
|
•
|
North American Surface Transportation
-NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST include truckload, LTL, and intermodal.
|
•
|
Global Forwarding
-Global Forwarding provides global logistics services through an international network of offices in North America, Asia, Europe, Australia, New Zealand, and South America and also contracts with independent agents worldwide. The primary services provided by Global Forwarding include ocean freight services, airfreight services, and customs brokerage.
|
•
|
Robinson Fresh
-Robinson Fresh provides sourcing services under the trade name of Robinson Fresh. Our sourcing services primarily include the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items. Robinson Fresh sources products from around the world and has a physical presence in North America, Europe, Asia, and South America. This segment often provides the logistics and transportation of the products they sell, in addition to temperature controlled transportation services for its customers.
|
•
|
All Other and Corporate
-All Other and Corporate includes our Managed Services segment, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Managed Services provides Transportation Management Services, or Managed TMS
®
. Other Surface Transportation revenues are primarily earned by Europe Surface Transportation. Europe Surface Transportation provides services similar to NAST across Europe.
|
|
NAST
|
|
Global Forwarding
|
|
Robinson Fresh
|
|
All Other and Corporate
|
|
Eliminations
|
|
Consolidated
|
||||||||||||
Three Months Ended March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Revenues
|
$
|
2,259,252
|
|
|
$
|
468,788
|
|
|
$
|
550,445
|
|
|
$
|
136,640
|
|
|
$
|
—
|
|
|
$
|
3,415,125
|
|
Intersegment revenues
|
101,154
|
|
|
8,143
|
|
|
33,340
|
|
|
6,878
|
|
|
(149,515
|
)
|
|
—
|
|
||||||
Total Revenues
|
$
|
2,360,406
|
|
|
$
|
476,931
|
|
|
$
|
583,785
|
|
|
$
|
143,518
|
|
|
$
|
(149,515
|
)
|
|
$
|
3,415,125
|
|
Net Revenues
|
$
|
372,440
|
|
|
$
|
106,546
|
|
|
$
|
56,837
|
|
|
$
|
32,743
|
|
|
—
|
|
|
$
|
568,566
|
|
|
Income from Operations
|
155,877
|
|
|
16,206
|
|
|
14,652
|
|
|
1,223
|
|
|
—
|
|
|
187,958
|
|
||||||
Depreciation and amortization
|
5,590
|
|
|
8,020
|
|
|
1,146
|
|
|
7,675
|
|
|
—
|
|
|
22,431
|
|
||||||
Total assets
(1)
|
2,126,900
|
|
|
699,139
|
|
|
409,972
|
|
|
539,733
|
|
|
$
|
—
|
|
|
3,775,744
|
|
|||||
Average headcount
|
6,844
|
|
|
3,926
|
|
|
961
|
|
|
2,548
|
|
|
—
|
|
|
14,279
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
NAST
|
|
Global Forwarding
|
|
Robinson Fresh
|
|
All Other and Corporate
|
|
Eliminations
|
|
Consolidated
|
||||||||||||
Three Months Ended March 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Revenues
|
$
|
2,045,479
|
|
|
$
|
351,112
|
|
|
$
|
564,093
|
|
|
$
|
113,259
|
|
|
$
|
—
|
|
|
$
|
3,073,943
|
|
Intersegment revenues
|
60,269
|
|
|
6,080
|
|
|
23,896
|
|
|
313
|
|
|
(90,558
|
)
|
|
—
|
|
||||||
Total Revenues
|
$
|
2,105,748
|
|
|
$
|
357,192
|
|
|
$
|
587,989
|
|
|
$
|
113,572
|
|
|
$
|
(90,558
|
)
|
|
$
|
3,073,943
|
|
Net Revenues
|
$
|
383,798
|
|
|
$
|
92,866
|
|
|
$
|
58,185
|
|
|
$
|
28,486
|
|
|
$
|
—
|
|
|
$
|
563,335
|
|
Income from Operations
|
162,351
|
|
|
16,857
|
|
|
17,733
|
|
|
2,011
|
|
|
—
|
|
|
198,952
|
|
||||||
Depreciation and amortization
|
5,502
|
|
|
5,079
|
|
|
768
|
|
|
5,526
|
|
|
—
|
|
|
16,875
|
|
||||||
Total assets
(1)
|
1,854,240
|
|
|
514,958
|
|
|
370,319
|
|
|
422,728
|
|
|
—
|
|
|
3,162,245
|
|
||||||
Average headcount
|
6,666
|
|
|
3,488
|
|
|
922
|
|
|
2,175
|
|
|
—
|
|
|
13,251
|
|
|
Three Months Ended March 31,
|
|||||||||
|
2017
|
|
2016
|
|
% change
|
|||||
Transportation
|
$
|
3,102,043
|
|
|
$
|
2,713,688
|
|
|
14.3
|
%
|
Sourcing
|
313,082
|
|
|
360,255
|
|
|
(13.1
|
)%
|
||
Total
|
$
|
3,415,125
|
|
|
$
|
3,073,943
|
|
|
11.1
|
%
|
|
Three Months Ended March 31,
|
|||||||||
|
2017
|
|
2016
|
|
% change
|
|||||
Transportation
|
|
|
|
|
|
|||||
Truckload
|
$
|
304,122
|
|
|
$
|
321,684
|
|
|
(5.5
|
)%
|
LTL
(1)
|
97,623
|
|
|
91,293
|
|
|
6.9
|
%
|
||
Intermodal
|
7,492
|
|
|
9,264
|
|
|
(19.1
|
)%
|
||
Ocean
|
62,875
|
|
|
58,669
|
|
|
7.2
|
%
|
||
Air
|
21,817
|
|
|
18,409
|
|
|
18.5
|
%
|
||
Customs
|
16,078
|
|
|
10,724
|
|
|
49.9
|
%
|
||
Other Logistics Services
|
28,151
|
|
|
24,023
|
|
|
17.2
|
%
|
||
Total Transportation
|
538,158
|
|
|
534,066
|
|
|
0.8
|
%
|
||
Sourcing
|
30,408
|
|
|
29,269
|
|
|
3.9
|
%
|
||
Total
|
$
|
568,566
|
|
|
$
|
563,335
|
|
|
0.9
|
%
|
|
Three Months Ended March 31,
|
||||
|
2017
|
|
2016
|
||
Net revenues
|
100.0
|
%
|
|
100.0
|
%
|
Operating expenses:
|
|
|
|
||
Personnel expenses
|
51.1
|
%
|
|
49.3
|
%
|
Other selling, general, and administrative expenses
|
15.9
|
%
|
|
15.4
|
%
|
Total operating expenses
|
66.9
|
%
|
|
64.7
|
%
|
Income from operations
|
33.1
|
%
|
|
35.3
|
%
|
Interest and other expense
|
(1.6
|
)%
|
|
(1.6
|
)%
|
Income before provision for income taxes
|
31.4
|
%
|
|
33.8
|
%
|
Provision for income taxes
|
10.0
|
%
|
|
12.6
|
%
|
Net income
|
21.5
|
%
|
|
21.1
|
%
|
|
NAST
|
|
Global Forwarding
|
|
Robinson Fresh
|
|
All Other and Corporate
|
|
Eliminations
|
|
Consolidated
|
||||||||||||
Three Months Ended March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Revenues
|
$
|
2,259,252
|
|
|
$
|
468,788
|
|
|
$
|
550,445
|
|
|
$
|
136,640
|
|
|
$
|
—
|
|
|
$
|
3,415,125
|
|
Intersegment revenues
|
101,154
|
|
|
8,143
|
|
|
33,340
|
|
|
6,878
|
|
|
(149,515
|
)
|
|
—
|
|
||||||
Total Revenues
|
$
|
2,360,406
|
|
|
$
|
476,931
|
|
|
$
|
583,785
|
|
|
$
|
143,518
|
|
|
$
|
(149,515
|
)
|
|
$
|
3,415,125
|
|
Net Revenues
|
372,440
|
|
|
106,546
|
|
|
56,837
|
|
|
32,743
|
|
|
—
|
|
|
568,566
|
|
||||||
Income from Operations
|
$
|
155,877
|
|
|
$
|
16,206
|
|
|
$
|
14,652
|
|
|
$
|
1,223
|
|
|
$
|
—
|
|
|
$
|
187,958
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Three Months Ended March 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Revenues
|
$
|
2,045,479
|
|
|
$
|
351,112
|
|
|
$
|
564,093
|
|
|
$
|
113,259
|
|
|
$
|
—
|
|
|
$
|
3,073,943
|
|
Intersegment revenues
|
60,269
|
|
|
6,080
|
|
|
23,896
|
|
|
313
|
|
|
(90,558
|
)
|
|
—
|
|
||||||
Total Revenues
|
$
|
2,105,748
|
|
|
$
|
357,192
|
|
|
$
|
587,989
|
|
|
$
|
113,572
|
|
|
$
|
(90,558
|
)
|
|
$
|
3,073,943
|
|
Net Revenues
|
383,798
|
|
|
92,866
|
|
|
58,185
|
|
|
28,486
|
|
|
—
|
|
|
563,335
|
|
||||||
Income from Operations
|
$
|
162,351
|
|
|
$
|
16,857
|
|
|
17,733
|
|
|
$
|
2,011
|
|
|
$
|
—
|
|
|
$
|
198,952
|
|
|
Total Number
of Shares
(or Units)
Purchased
(a)
|
|
Average Price
Paid Per
Share
(or Unit)
|
|
Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Plans or Programs
(b)
|
|
Maximum Number of
Shares (or Units)
That May Yet Be
Purchased Under the
Plans or Programs
(b)
|
|||||
January 1, 2017-January 31, 2017
|
227,710
|
|
|
$
|
76.24
|
|
|
—
|
|
|
4,418,564
|
|
February 1, 2017-February 28, 2017
|
54,042
|
|
|
79.48
|
|
|
37,479
|
|
|
4,381,085
|
|
|
March 1, 2017-March 31, 2017
|
296,297
|
|
|
78.63
|
|
|
292,501
|
|
|
4,088,584
|
|
|
First quarter 2017
|
578,049
|
|
|
$
|
77.77
|
|
|
329,980
|
|
|
4,088,584
|
|
10.1
|
Receivables Purchase Agreement, dated as of April 26, 2017, by and among C.H. Robinson Worldwide, Inc., C.H. Robinson Receivables, LLC, Gotham Funding Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 10.1 to our Current Report filed on Form 8-K (File No. 000-23189) filed on April 28, 2017).
|
|
|
10.2
|
Receivables Sale Agreement, dated as of April 226, 2017, by and among C.H. Robinson Company, Inc., C.H. Robinson Receivables, LLC, and C.H. Robinson Worldwide, Inc. (incorporated by reference to Exhibit 10.2 to our Current Report filed on Form 8-K (File No. 000-23189) filed on April 28, 2017).
|
|
|
10.3
|
Performance Guaranty, dated as of April 26, 2017, made by C.H. Robinson Worldwide, Inc. for the benefit of The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, Wells Fargo Bank, National Association, Gotham Funding Corporation and other affected parties (incorporated by reference to Exhibit 10.3 to our Current Report filed on Form 8-K (File No. 000-23189) filed on April 28, 2017).
|
|
|
31.1
|
Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
31.2
|
Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
32.1
|
Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
32.2
|
Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
101
|
Financial statements from the Quarterly Report on Form 10-Q of the company for the period ended March 31, 2017, formatted in XBRL
|
C.H. ROBINSON WORLDWIDE, INC.
|
||
|
|
|
By:
|
|
/s/ John P. Wiehoff
|
|
|
John P. Wiehoff
|
|
|
Chief Executive Officer
|
|
|
|
|
|
|
By:
|
|
/s/ Andrew C. Clarke
|
|
|
Andrew C. Clarke
|
|
|
Chief Financial Officer (principal accounting officer)
|
1 Year CH Robinson Worldwide Chart |
1 Month CH Robinson Worldwide Chart |
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