C.H. Robinson Files Q3 2024 10-Q
Ticker: CHRW · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, transportation
Related Tickers: CHRW
TL;DR
CHRW Q3 10-Q filed. Financials and ops details out.
AI Summary
C.H. Robinson Worldwide, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter and the year-to-date. Specific financial figures and segment performance are outlined within the report.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational insights for C.H. Robinson, a key player in the transportation and logistics industry.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- C. H. ROBINSON WORLDWIDE, INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241101 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 30, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001043277.
What is the Standard Industrial Classification (SIC) code for C.H. Robinson Worldwide, Inc.?
The SIC code for C.H. Robinson Worldwide, Inc. is 4731, which corresponds to Arrangement of Transportation of Freight & Cargo.
When was the company incorporated?
The company was incorporated in Delaware (DE).
What is the business address of C.H. Robinson Worldwide, Inc.?
The business address is 14701 Charlson Road, Eden Prairie, MN 55347.
Filing Stats: 4,556 words · 18 min read · ~15 pages · Grade level 13 · Accepted 2024-11-01 16:40:09
Key Financial Figures
- $0.10 — ange on which registered Common Stock, $0.10 par value CHRW Nasdaq Global Select Mar
Filing Documents
- chrw-20240930.htm (10-Q) — 1433KB
- arsamendment4.htm (EX-4.1) — 59KB
- ex311q32024.htm (EX-31.1) — 9KB
- ex312q32024.htm (EX-31.2) — 9KB
- ex321q32024.htm (EX-32.1) — 4KB
- ex322q32024.htm (EX-32.2) — 4KB
- chrw-20240930_g1.jpg (GRAPHIC) — 103KB
- 0001043277-24-000051.txt ( ) — 8036KB
- chrw-20240930.xsd (EX-101.SCH) — 46KB
- chrw-20240930_cal.xml (EX-101.CAL) — 87KB
- chrw-20240930_def.xml (EX-101.DEF) — 298KB
- chrw-20240930_lab.xml (EX-101.LAB) — 594KB
- chrw-20240930_pre.xml (EX-101.PRE) — 495KB
- chrw-20240930_htm.xml (XML) — 1218KB
Financial Information
PART I. Financial Information
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of Septem ber 3 0, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Investment for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 25
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 38
Controls and Procedures
Item 4. Controls and Procedures 38
Other Information
PART II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 39
Risk Factors
Item 1A. Risk Factors 39
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 39
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 39
Other Information
Item 5. Other Information 40
Exhibits
Item 6. Exhibits 40
Signatures
Signatures 41 2 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS C.H. ROBINSON WORLDWIDE, INC. Condensed Consolidated Balance Sheets (unaudited, in thousands, except per share data) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 131,704 $ 145,524 Receivables, net of allowance for credit loss of $ 14,973 and $ 14,229 2,630,350 2,381,963 Contract assets, net of allowance for credit loss 273,251 189,900 Prepaid expenses and other 137,871 163,307 Assets held for sale 165,810 — Total current assets 3,338,986 2,880,694 Property and equipment, net of accumulated depreciation and amortization 132,632 144,718 Goodwill 1,446,695 1,473,600 Other intangible assets, net of accumulated amortization 30,987 43,662 Right-of-use lease assets 333,936 353,890 Deferred tax assets 220,738 214,619 Other assets 109,381 114,097 Total assets $ 5,613,355 $ 5,225,280 LIABILITIES AND STOCKHOLDERS' INVESTMENT Current liabilities: Accounts payable $ 1,325,874 $ 1,303,951 Outstanding checks 46,933 66,383 Accrued expenses: Compensation 165,163 135,104 Transportation expense 212,608 147,921 Income taxes 7,178 4,748 Other accrued liabilities 161,870 159,435 Current lease liabilities 74,538 74,451 Current portion of debt 150,000 160,000 Liabilities held for sale 96,673 — Total current liabilities 2,240,837 2,051,993 Long-term debt 1,411,356 1,420,487 Noncurrent lease liabilities 281,015 297,563 Noncurrent income taxes payable 24,215 21,289 Deferred tax liabilities 11,714 13,177 Other long-term liabilities 4,152 2,074 Total liabilities 3,973,289 3,806,583 Stockholders' investment: Preferred stock, $ 0.10 par value, 20,000 shares authorized; no shares issued or outstanding — — Common stock, $ 0.10 par value, 480,000 shares authorized; 179,199 and 179,204 shares issued, 118,083 and 116,768 outstanding 11,808 11,677 Additional paid-in capital 771,485 754,093 Retained earnings 5,713,207 5,620,790 Accumulated other comprehensive loss ( 72,255 ) ( 80,94