Expeditors International of Washington, Inc. (EXPD) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5281,2309241,051974808967
Cash and cash equivalents1,5281,2309241,051974808927
Short-term investments     040
Receivables1,9981,3151,5821,4151,1901,1121,236
Other undisclosed current assets43822423076547386
Total current assets:3,9642,7702,7352,5412,2191,9932,289
Noncurrent Assets
Operating lease, right-of-use asset433390
Property, plant and equipment506499504525537525538
Intangible assets, net (including goodwill)8888888
Goodwill8888888
Deferred tax assets, net4013   
Other undisclosed noncurrent assets17252729285655
Total noncurrent assets:964922580576572589602
TOTAL ASSETS:4,9283,6923,3153,1172,7912,5822,891
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4399491,1361,093930861984
Accounts payable1,137736902866727645770
Accrued liabilities257189216206186187192
Taxes payable45241820182921
Deferred revenue380154
Debt 65     
Contract with customer, liability190
Other undisclosed current liabilities74      
Total current liabilities:1,8931,1681,3271,093930861984
Noncurrent Liabilities
Long-term debt and lease obligation364326     
Operating lease, liability364326
Liabilities, other than long-term debt7  30142636
Accounts payable and accrued liabilities   30   
Deferred tax liabilities, net  142636
Deferred income tax liabilities7 
Total noncurrent liabilities:371326 30142636
Total liabilities:2,2641,4951,3271,1239448881,019
Stockholders' equity
Stockholders' equity attributable to parent2,6602,1951,9871,9921,8451,6921,868
Common stock2222222
Additional paid in capital157321301
Accumulated other comprehensive loss(100)(131)(105)(74)(105)(81)(38)
Retained earnings2,6002,3212,0892,0641,9451,7711,903
Stockholders' equity attributable to noncontrolling interest4213333
Total stockholders' equity:2,6632,1971,9881,9941,8471,6951,872
TOTAL LIABILITIES AND EQUITY:4,9283,6923,3153,1172,7912,5822,891

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10,1168,1758,1386,9216,0986,6176,565
Cost of revenue(8,778)(7,012)(6,872)(4,577)(3,916)(4,415)(4,574)
Cost of goods and services sold(7,189)(5,539)     
Gross profit:1,3381,1631,2662,3442,1822,2021,991
Operating expenses(398)(397)(470)(1,644)(1,512)(1,481)(1,396)
Operating income:940767797700670721595
Nonoperating income16292218171516
Investment income, nonoperating10231913121011
Foreign currency transaction loss, before tax      (4)
Other nonoperating income6635555
Income from continuing operations before income taxes:957796818719687737611
Income tax expense(258)(204)(199)(228)(254)(277)(231)
Net income:698592620490433459379
Net loss attributable to noncontrolling interest(2)(2)(2)(1)(2)(2)(3)
Net income available to common stockholders, diluted:696590618489431457377

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:698592620490433459379
Other comprehensive income (loss)31(26)(32)30(24)(44)(32)
Comprehensive income:729566587521409415347
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)(1)(1)(2)(2)
Comprehensive income, net of tax, attributable to parent:728565587520407414345

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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