Expeditors International of Washington Inc. (EXPD) Financial Statements (2024 and earlier)

Company Profile

Business Address 1015 THIRD AVENUE
SEATTLE, WA 98104
State of Incorp. WA
Fiscal Year End December 31
Industry (SIC) 4731 - Arrangement of Transportation of Freight and Cargo (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5131,6391,6992,3512,0342,155
Cash and cash equivalents1,5131,6391,6992,3512,0342,155
Receivables1,5331,4591,4241,6042,1082,748
Other undisclosed current assets390414360302376685
Total current assets:3,4353,5123,4834,2574,5185,588
Noncurrent Assets
Operating lease, right-of-use asset516507515509508487
Property, plant and equipment479481495500502481
Intangible assets, net (including goodwill)888888
Goodwill888888
Deferred income tax assets645144383727
Other undisclosed noncurrent assets212021201817
Total noncurrent assets:1,0891,0661,0811,0761,0721,020
TOTAL ASSETS:4,5244,5784,5645,3335,5906,608
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3081,2701,2381,3841,5882,023
Taxes payable75
Accounts payable8618468169511,1091,545
Accrued liabilities447424422433479404
Deferred revenue281284219245323594
Other undisclosed current liabilities11511312313214389
Total current liabilities:1,7041,6671,5791,7602,0542,706
Noncurrent Liabilities
Long-term debt and lease obligation:      410
Liabilities, other than long-term debt428420427422423 
Operating lease, liability428420427422423410
Other undisclosed noncurrent liabilities      (410)
Total noncurrent liabilities:428420427422423410
Total liabilities:2,1322,0872,0062,1822,4773,116
Equity
Equity, attributable to parent2,3902,4902,5563,1473,1103,482
Common stock111222
Additional paid in capital     00
Accumulated other comprehensive loss(192)(213)(198)(190)(203)(258)
Retained earnings2,5812,7012,7523,3363,3113,739
Equity, attributable to noncontrolling interest122349
Total equity:2,3912,4912,5583,1503,1143,491
TOTAL LIABILITIES AND EQUITY:4,5244,5784,5645,3335,5906,608

Income Statement (P&L) ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues2,2782,1902,2402,5933,4424,362
Cost of revenue(1,943)(1,829)(1,863)(2,183)(2,949)(3,703)
Cost of goods and services sold(1,514)(1,402)(1,419)(1,719)(2,426)(3,194)
Gross profit:335361376409492659
Operating expenses(135)(145)(128)(133)(163)(132)
Operating income:199216248276330527
Nonoperating income (expense)17161825(9)8
Investment income, nonoperating17171819 8
Other nonoperating income0008 0
Interest and debt expense (0)(2)(0)(3)  
Other undisclosed loss from continuing operations before equity method investments, income taxes     (23) 
Income from continuing operations before equity method investments, income taxes:216230266298298535
Other undisclosed income from continuing operations before income taxes 020323 
Income from continuing operations before income taxes:216232266301321535
Income tax expense(57)(61)(70)(75)(106)(121)
Income from continuing operations:159171196226215414
Income before gain (loss) on sale of properties:414
Net income:159171196226215414
Net income (loss) attributable to noncontrolling interest(0)11050
Net income available to common stockholders, diluted:159171197226219414

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:159171196226215414
Other comprehensive income (loss)21(15)(8)1256(65)
Comprehensive income:180156188238271350
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)01040
Comprehensive income, net of tax, attributable to parent:180156189238275350

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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