Expeditors International of Washington, Inc. (EXPD) financial statements (2022 and earlier)

Company profile

Business Address 1015 THIRD AVENUE
SEATTLE, WA 98104
State of Incorp. WA
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7291,5281,2309241,051974808
Cash and cash equivalents1,7291,5281,2309241,051974808
Short-term investments      0
Receivables3,8101,9981,3151,5821,4151,1901,112
Other undisclosed current assets1,096438224230765473
Total current assets:6,6353,9642,7702,7352,5412,2191,993
Noncurrent Assets
Operating lease, right-of-use asset459433390
Property, plant and equipment488506499504525537525
Intangible assets, net (including goodwill)8888888
Goodwill8888888
Deferred income tax assets1  
Deferred tax assets, net4013  
Other undisclosed noncurrent assets19172527292856
Total noncurrent assets:975964922580576572589
TOTAL ASSETS:7,6104,9283,6923,3153,1172,7912,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5021,4399491,1361,093930861
Accounts payable2,0121,137736902866727645
Accrued liabilities404257189216206186187
Taxes payable86452418201829
Deferred revenue1,142380154
Debt  65    
Contract with customer, liability190
Other undisclosed current liabilities8274     
Total current liabilities:3,7261,8931,1681,3271,093930861
Noncurrent Liabilities
Long-term debt and lease obligation386364326    
Operating lease, liability386364326
Liabilities, other than long-term debt 7  301426
Accounts payable and accrued liabilities    30  
Deferred tax liabilities, net  1426
Deferred income tax liabilities 7 
Other undisclosed noncurrent liabilities(386)      
Total noncurrent liabilities:386371326 301426
Total liabilities:4,1122,2641,4951,3271,123944888
Stockholders' equity
Stockholders' equity attributable to parent3,4942,6602,1951,9871,9921,8451,692
Common stock2222222
Additional paid in capital315732130
Accumulated other comprehensive loss(130)(100)(131)(105)(74)(105)(81)
Retained earnings3,6202,6002,3212,0892,0641,9451,771
Stockholders' equity attributable to noncontrolling interest4421333
Total stockholders' equity:3,4982,6632,1971,9881,9941,8471,695
TOTAL LIABILITIES AND EQUITY:7,6104,9283,6923,3153,1172,7912,582

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16,52410,1168,1758,1386,9216,0986,617
Cost of revenue(14,164)(8,778)(7,012)(6,872)(4,577)(3,916)(4,415)
Cost of goods and services sold(12,058)(7,189)(5,539)    
Gross profit:2,3591,3381,1631,2662,3442,1822,202
Operating expenses(450)(398)(397)(470)(1,644)(1,512)(1,481)
Operating income:1,909940767797700670721
Nonoperating income15162922181715
Investment income, nonoperating9102319131210
Other nonoperating income6663555
Income from continuing operations before income taxes:1,925957796818719687737
Income tax expense(506)(258)(204)(199)(228)(254)(277)
Net income:1,419698592620490433459
Net loss attributable to noncontrolling interest(3)(2)(2)(2)(1)(2)(2)
Net income available to common stockholders, diluted:1,415696590618489431457

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,419698592620490433459
Other comprehensive income (loss)(32)31(26)(32)30(24)(44)
Comprehensive income:1,386729566587521409415
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(1)(1)(1)(1)(1)(2)
Comprehensive income, net of tax, attributable to parent:1,385728565587520407414

Statements sources

The financial statements are based on the company's filings with the 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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