EXPEDITORS INTERNATIONAL OF WASHINGTON INC

10-K & 10-Q Filings

Expeditors International of Washington, Inc. is a global logistics services provider that offers a full suite of services, including airfreight, ocean freight, customs brokerage, and other logistics solutions. The company acts as a consolidator or agent for airlines and ocean shipping lines, purchasing cargo space in bulk and reselling it to customers at lower rates. Expeditors' strategic plan includes focusing on profitable markets and customers, leveraging technology, and providing tailored solutions to various industries. The company operates in 176 district offices across five geographic regions: Americas, North Asia, South Asia, Europe, and Middle East, Africa, and India. Expeditors' website is [www.expeditors.com], and its stock is traded on the NASDAQ under the ticker symbol "EXPD".

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$6150.50
5980.94
6080.26
6564.72
6616.63
6098.04
6920.95
8138.36
8175.43
10116.48
16523.52
17071.28
9300.11
3.51%-45.52%Cost of Revenue (-)
$
5517.99
5538.96
7188.79
12058.16
12576.90
6054.00
-51.86%Gross Profit (+)
$
2620.37
2636.47
2927.69
4465.36
4494.39
3246.11
-27.77%Selling, General & Administrative (-)
$1032.33
1029.24
1065.84
1103.45
1185.50
1199.40
1311.41
1438.61
1466.32
1556.54
2078.38
2080.68
1728.43
4.39%-16.93%Depreciation & Amortization (-)
$36.78
39.94
48.07
49.29
46.01
46.80
49.31
54.02
50.95
56.96
51.31
57.34
67.76
5.22%18.18%Operating Expenses (-)
$1278.15
1293.30
1330.78
1386.78
1466.29
1493.87
1618.93
1823.81
1869.78
1987.25
2556.04
2670.02
2306.18
5.04%-13.63%Costs & Expenses (Total) (-)
$5532.17
5450.15
5528.18
5970.07
5895.15
5427.87
6220.69
7341.80
7408.73
9176.04
14614.19
15246.91
8360.18
3.50%-45.17%Operating Income/Loss (+)
$618.33
530.80
552.07
594.65
721.48
670.16
700.26
796.56
766.69
940.44
1909.33
1824.37
939.93
3.55%-48.48%Non-operating Income/Expense (+)
$19.70
19.59
20.52
16.24
15.21
16.69
18.34
21.77
29.10
16.13
15.29
11.52
75.09
11.80%551.87%Interest Expense (-)
$0.97
1.25
23.28
4.80
14.25%-79.38%Earnings before Tax (+)
$638.03
550.39
572.60
610.89
736.69
686.86
718.60
818.33
795.79
956.56
1924.62
1835.89
1015.03
3.94%-44.71%Tax Expense (-)
$251.78
217.42
222.59
231.43
277.19
254.32
228.21
198.54
203.78
258.35
505.77
475.29
263.25
0.37%-44.61%Income/Loss (Continuing Operations) (+)
$386.24
332.97
350.01
379.46
459.50
432.53
490.38
619.79
592.02
698.21
1418.85
1360.61
751.78
5.71%-44.75%Profit/Loss (+)
$386.24
332.97
350.01
379.46
459.50
432.53
490.38
619.79
592.02
698.21
1418.85
1360.61
751.78
5.71%-44.75%Net Income/Loss (NCI) (-)
$0.56
-0.39
1.49
2.57
2.27
1.73
1.04
1.59
1.62
2.07
3.35
3.21
-1.10
-134.44%Net Income/Loss (+)
$385.68
333.36
348.53
376.89
457.22
430.81
489.35
618.20
590.39
696.14
1415.49
1357.40
752.88
5.73%-44.53%Net Income/Loss (Common) (+)
$385.68
333.36
348.53
376.89
457.22
430.81
489.35
618.20
590.39
696.14
1415.49
1357.40
752.88
5.73%-44.53%EPS (Basic)
$1.82
1.58
1.69
1.92
2.42
2.38
2.73
3.55
3.45
4.14
8.37
8.33
5.05
8.88%-39.38%EPS (Diluted)
$1.79
1.57
1.68
1.92
2.40
2.36
2.69
3.48
3.39
4.07
8.27
8.26
5.01
8.96%-39.35%Weighted Avg Shares (Basic)
212.12
210.42
205.99
196.15
188.94
181.28
179.25
174.13
170.90
168.33
169.15
163.01
149.14
-2.89%-8.51%Weighted Avg Shares (Diluted)
215.03
211.94
206.90
196.77
190.22
182.70
181.67
177.83
174.21
170.90
171.25
164.43
150.19
-2.95%-8.66%Cash
$1294.36
1260.84
1247.65
927.11
807.80
974.43
1051.10
923.74
1230.49
1527.79
1728.69
2034.13
1512.88
1.31%-25.63%Short-term Investments
$0.47
26.34
40.34
0.04
Receivables
$934.75
1031.38
1073.50
1236.04
1112.26
1190.13
1414.74
1581.53
1315.09
1998.06
3810.29
2107.64
1532.60
4.21%-27.28%Prepaid Expenses (Current)
$46.89
53.28
49.38
65.49
56.41
54.01
75.61
70.04
92.56
110.25
108.80
118.70
170.91
11.38%43.99%Other Assets (Current)
$10.41
12.10
18.40
20.28
16.86
159.51
131.78
327.45
987.27
257.55
218.81
28.88%-15.04%Assets (Current)
$2286.88
2357.60
2415.27
2289.25
1993.37
2218.58
2541.45
2734.82
2769.92
3963.54
6635.05
4518.02
3435.20
3.45%-23.97%Property, Plant & Equipment (Net)
$538.81
556.20
563.06
538.41
524.72
536.57
525.20
504.11
889.38
939.15
947.03
1009.42
995.50
5.25%-1.38%Accumulated Depreciation
$296.48
Goodwill & Intangibles
$10.56
7.93
7.93
7.93
7.93
7.93
7.93
7.93
7.93
7.93
7.93
7.93
7.93
-2.36%0.00%Other Assets
$30.58
32.40
28.55
55.31
56.42
27.79
42.43
67.71
24.65
16.88
19.93
55.07
85.18
8.91%54.67%Assets (Non-current)
$579.94
596.53
599.54
601.65
589.07
572.29
575.56
579.74
921.96
963.96
974.88
1072.42
1088.61
5.39%1.51%Assets (Total)
$2866.83
2954.13
3014.81
2890.91
2582.44
2790.87
3117.01
3314.56
3691.88
4927.50
7609.93
5590.43
4523.81
3.87%-19.08%Accounts Payable
$796.14
842.56
870.20
983.78
861.37
929.93
1093.12
1136.50
948.77
1439.32
2502.25
1635.33
1323.75
4.33%-19.05%Debt (Current)
$
65.37
Other Liabilities (Current)
$
190.34
154.18
453.73
1224.05
418.72
380.66
-9.09%Liabilities (Current)
$796.14
842.56
870.20
983.78
861.37
929.93
1093.12
1326.84
1168.32
1893.04
3726.30
2054.05
1704.41
6.55%-17.02%Debt (Non-current)
$
326.35
Other Liabilities
$60.61
79.00
58.28
35.51
26.39
13.73
29.52
371.23
385.64
422.84
427.98
17.69%1.22%Liabilities (Non-current)
$60.61
79.00
58.28
35.51
26.39
13.73
29.52
326.35
371.23
385.64
422.84
427.98
17.69%1.22%Liabilities (Total)
$856.76
921.56
928.48
1019.30
887.76
943.66
1122.63
1326.84
1494.66
2264.28
4111.94
2476.90
2132.40
7.89%-13.91%Retained Earnings
$1991.22
2018.62
2087.38
1903.20
1771.38
1944.79
2063.51
2088.71
2321.32
2600.20
3620.01
3310.89
2580.97
2.19%-22.05%AOCI
$-2.96
5.73
-6.26
-37.82
-81.24
-104.59
-73.96
-105.48
-131.19
-99.75
-130.41
-202.55
-192.06
5.18%Shareholder's Equity
$2010.07
2032.57
2086.33
1871.61
1694.68
1847.21
1994.37
1987.72
2197.22
2663.23
3497.99
3113.53
2391.41
1.46%-23.19%Liabilities & Equity
$2866.83
2954.13
3014.81
2890.91
2582.44
2790.87
3117.01
3314.56
3691.88
4927.50
7609.93
5590.43
4523.81
3.87%-19.08%Net Income/Loss
$386.24
332.97
350.01
379.46
459.50
432.53
490.38
619.79
592.02
698.21
1418.85
1360.61
751.78
5.71%-44.75%Depreciation & Amortization
$37.93
39.94
48.07
49.29
46.01
46.80
49.31
54.02
50.95
56.96
51.31
57.34
67.76
4.95%18.18%Increase/Decrease in Working Capital
$3.64
57.85
14.01
69.73
2.51
9.96
59.24
149.58
-62.00
180.57
678.69
-668.27
-185.76
72.20%Share-based Compensation
$44.28
44.06
43.81
42.53
43.41
45.22
50.91
56.15
61.54
62.50
69.39
64.40
58.40
2.33%-9.31%Adjustments to Reconcile Net Income
$70.89
37.16
57.52
15.51
105.22
96.57
-1.74
-46.99
179.92
-43.20
-550.35
769.07
301.41
12.82%-60.81%Net Cash (Operating)
$457.13
370.13
407.54
394.97
564.71
529.10
488.64
572.80
771.93
655.01
868.49
2129.68
1053.19
7.20%-50.55%Capital Expenditure
$77.92
47.63
53.41
37.47
44.38
59.32
10.61
47.26
46.44
47.54
36.25
86.82
39.31
-5.54%-54.72%Net Cash (Investing)
$-80.34
-46.99
-76.81
-78.91
-7.43
-53.20
-11.69
-48.40
-46.02
-46.03
-36.65
-87.71
-39.43
55.04%Increase/Decrease in Debt
$
7.51
51.47
-5.94
-111.55%Increase/Decrease in Equity
$-55.42
-249.90
-202.18
-481.51
-499.03
-152.35
-273.17
-465.17
-240.81
-146.04
-408.49
-1500.93
-1308.00
12.85%Interest Expenses
$0.30
0.52
Dividends Paid
$106.97
118.55
124.45
125.14
137.80
146.46
151.40
158.64
170.55
174.93
197.40
215.74
203.12
5.49%-5.85%Net Cash (Financing)
$-157.09
-363.05
-332.03
-605.53
-634.97
-298.42
-424.56
-627.74
-418.04
-331.54
-613.55
-1684.54
-1536.57
8.78%Cash Taxes Paid
$266.62
207.17
235.37
254.44
239.37
254.31
249.70
239.25
222.08
239.85
442.55
566.53
356.38
2.45%-37.09%Effect of Exchange Rate
$-9.81
6.40
-11.89
-31.07
-41.63
-10.85
24.27
-24.03
-1.12
19.85
-17.40
-51.98
1.56
103.00%Increase/Decrease in Cash
$209.89
-33.51
-13.19
-320.55
-119.31
166.64
76.66
-127.36
306.76
297.30
200.90
305.44
-521.25
-270.66%Cash (Beginning)
$1084.46
1294.36
1260.84
1247.65
927.11
807.80
974.43
1051.10
923.74
1230.49
1527.79
1728.69
2034.13
5.38%17.67%Cash (Ending)
$1294.36
1260.84
1247.65
927.11
807.80
974.43
1051.10
923.74
1230.49
1527.79
1728.69
2034.13
1512.88
1.31%-25.63%NOPAT
$359.94
331.00
325.14
346.97
487.06
422.03
456.93
563.67
552.73
704.63
1470.29
1261.39
609.92
4.49%-51.65%Gross Margin %
32.20%
32.25%
28.94%
27.02%
26.33%
34.90%
Operating Margin %
10.05%
8.87%
9.08%
9.06%
10.90%
10.99%
10.12%
9.79%
9.38%
9.30%
11.56%
10.69%
10.11%
NOPAT Margin %
5.85%
5.53%
5.35%
5.29%
7.36%
6.92%
6.60%
6.93%
6.76%
6.97%
8.90%
7.39%
6.56%
Net Margin %
6.27%
5.57%
5.73%
5.74%
6.91%
7.06%
7.07%
7.60%
7.22%
6.88%
8.57%
7.95%
8.10%
Tax Rate %
41.79%
37.64%
41.11%
41.65%
32.49%
37.03%
34.75%
29.24%
27.91%
25.07%
22.99%
30.86%
35.11%
ROA
12.56%
11.20%
10.78%
12.00%
18.86%
15.12%
14.66%
17.01%
14.97%
14.30%
19.32%
22.56%
13.48%
ROE
17.91%
16.28%
15.58%
18.54%
28.74%
22.85%
22.91%
28.36%
25.16%
26.46%
42.03%
40.51%
25.50%
ROIC
26.66%
23.57%
22.71%
22.82%
32.44%
28.74%
28.16%
32.29%
26.36%
29.35%
43.09%
40.61%
28.73%
Asset Turnover
2.15
2.02
2.02
2.27
2.56
2.18
2.22
2.46
2.21
2.05
2.17
3.05
2.06
Equity Multiplier
1.43
1.45
1.45
1.54
1.52
1.51
1.56
1.67
1.68
1.85
2.18
1.80
1.89
Current Ratio
2.87
2.80
2.78
2.33
2.31
2.39
2.32
2.06
2.37
2.09
1.78
2.20
2.02
Quick Ratio
2.80
2.72
2.70
2.24
2.23
2.33
2.26
1.89
2.18
1.86
1.49
2.02
1.79
Debt/Equity Ratio
0.18
Interest Coverage Ratio
2088.94
1030.68
Working Capital/Sales
0.13
0.14
0.14
0.15
0.15
0.15
0.16
0.15
0.15
0.14
0.15
0.12
0.12
Dividend Payout Ratio %
29.72%
35.81%
38.28%
36.07%
28.29%
34.70%
33.13%
28.14%
30.86%
24.83%
13.43%
17.10%
33.30%
Total Payout
$162.69
368.96
326.64
606.65
636.82
298.80
424.56
623.80
411.37
320.97
598.37
1665.20
1517.06
20.45%-8.90%Payout Ratio %
45.20%
111.47%
100.46%
174.84%
130.75%
70.80%
92.92%
110.67%
74.42%
45.55%
40.70%
132.01%
248.73%