EXPD

Expeditors International of Washington, Inc.

$114.39

0.76

(0.67%)

Exchange:	NYSE
Market Cap:	15.665B
Shares Outstanding:	144.704M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. It also provides optimization, trade compliance, consulting, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline, which carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, technology, and industrial and manufacturing companies. Expeditors International of Washington, Inc. was incorporated in 1979 and is headquartered in Seattle, Washington.

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Revenue Segmentation

EPS

View full analyst estimates

Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	6,616,632	6,098,037	6,920,948	8,138,365	8,175,426	10,116,481	16,523,517	17,071,284	9,300,110	10,600,515
? Cost Of Revenue	5,720,848	5,247,244	6,037,921	7,118,083	7,178,405	8,953,716	14,358,105	14,900,154	8,054,634	1,762,654
? Gross Profit	895,784	850,793	883,027	1,020,282	997,021	1,162,765	2,165,412	2,171,130	1,245,476	8,837,861
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	0	0	0	0	0	0	0	0	0	0
? Selling And Marketing Expenses	41,990	41,763	44,290	45,346	44,002	18,436	16,026	24,293	27,913	33,331
? Operating Expenses	174,300	180,630	182,767	223,719	230,329	222,328	256,086	346,759	305,543	7,796,538
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	10,421	11,580	13,204	19,153	22,803	10,415	8,807	25,554	70,451	46,706
? Interest Expense	10,421	11,580	13,204	19,153	0	219	411	23,277	4,800	0
? Depreciation And Amortization	46,012	46,796	49,310	54,019	50,950	56,959	51,312	57,338	67,760	61,090
? EBITDA	767,496	716,959	749,570	850,582	817,642	1,013,523	1,975,928	1,916,506	1,087,588	1,102,413
? EBIT
? Operating Income	721,484	670,163	700,260	796,563	766,692	940,437	1,909,326	1,824,371	939,933	1,041,323
? Income Before Tax	736,689	686,856	718,595	818,329	795,794	956,564	1,924,616	1,835,891	1,015,028	1,094,800
? Income Tax Expense	277,192	254,323	228,212	198,539	203,778	258,350	505,771	475,286	263,249	283,167
? Net Income From Continuing Operations
? Net Income	457,223	430,807	489,345	618,199	590,395	696,140	1,415,492	1,357,399	752,883	810,073
? EPS (Earnings Per Share)	2.420	2.380	2.730	3.550	3.450	4.140	8.370	8.330	5.050	5.750
? EPS Diluted	2.400	2.360	2.690	3.480	3.390	4.070	8.270	8.260	5.010	5.720
? Weighted Average Shares Outstanding	188,941	181,282	179,247	174,133	170,899	168,333	169,145	163,010	149,141	140,992
? Weighted Average Shares Outstanding Diluted	190,223	182,704	181,666	177,833	174,209	170,896	171,250	164,427	150,186	141,722
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	807,796	974,435	1,051,099	923,735	1,230,491	1,527,791	1,728,692	2,034,131	1,512,883	1,148,320
? Short Term Investments	40	0	0	0	0	0	0	0	0	0
? Cash And Short Term Investments	807,836	974,435	1,051,099	923,735	1,230,491	1,527,791	1,728,692	2,034,131	1,512,883	1,148,320
? Net Receivables	1,112,260	1,190,130	1,414,741	1,581,530	1,315,091	1,998,055	3,810,286	2,107,645	1,532,599	1,997,840
? Accounts Receivables
? Inventory	16,861	0	1	159,510	131,783	327,448	987,266	257,545	0	0
? Total Current Assets	1,993,370	2,218,579	2,541,452	2,734,816	2,769,923	3,963,544	6,635,045	4,518,017	3,216,389	3,659,775
? Property Plant Equipment Net	524,724	536,572	525,203	504,105	889,379	939,148	947,028	1,009,419	995,505	1,001,056
? Goodwill	7,927	7,927	7,927	7,927	7,927	7,927	7,927	7,927	7,927	7,927
? Intangible Assets	0	0	0	0	0	0	0	0	0	0
? Long Term Investments	-16,861	-13,727	0	0	0	-7,048	0	0	0	0
? Total Non Current Assets	589,068	572,292	575,556	579,743	921,961	963,959	974,884	1,072,417	1,407,016.999	1,094,683
? Total Assets	2,582,438	2,790,871	3,117,008	3,314,559	3,691,884	4,927,503	7,609,929	5,590,434	4,623,406	4,754,458
? Account Payables	645,304	726,571	866,305	902,259	735,695	1,136,859	2,012,461	1,108,996	860,856	1,036,749
? Short Term Debt	0	0	0	0	65,367	74,004	82,019	95,621	99,749	106,736
? Deferred Revenue	0	0	0	190,343	154,183	379,722	1,142,026	323,101	280,909	441,927
? Total Current Liabilities	861,373	929,931	1,093,119	1,326,839	1,168,318	1,893,043	3,726,297	2,054,055	1,704,412	2,066,473
? Long Term Debt	0	0	0	0	326,347	364,185	385,641	422,844	427,984	462,201
? Deferred Revenue Non Current	0	0	0	0	0	-7,048	0	0	0	0
? Deferred Tax Liabilities Non Current	26,389	13,727	43,136	31,173	85,806	7,048	0	105,217	0	0
? Total Non Current Liabilities	26,389	13,727	29,516	31,173	326,347	371,233	385,641	422,844	427,984	462,201
? Total Liabilities	887,762	943,658	1,122,635	1,326,839	1,494,665	2,264,276	4,111,938	2,476,899	2,132,396	2,528,674
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	1,821	1,799	1,764	1,716	1,696	1,693	1,672	1,543	1,439	1,380
? Retained Earnings	1,771,379	1,944,789	2,063,512	2,088,707	2,321,316	2,600,201	3,620,008	3,310,892	2,580,968	2,455,132
? Additional Paid In Capital
? Total Stockholders Equity	1,691,993	1,844,638	1,991,858	1,986,838	2,195,028	2,659,637	3,494,426	3,110,021	2,390,350	2,223,012
? Total Equity	1,694,676	1,847,213	1,994,373	1,987,720	2,197,219	2,663,227	3,497,991	3,113,535	2,391,413	2,225,784
? Minority Interest	2,683	2,575	2,515	882	2,191	3,590	3,565	3,514	1,063	2,772
? Total Liabilities And Total Equity	2,582,438	2,790,871	3,117,008	3,314,559	3,691,884	4,927,503	7,609,929	5,590,434	4,523,809	4,754,458
? Total Investments	40	-13,727	0	0	0	-7,048	0	0	99,596.999	-524,759
? Total Debt	0	0	0	0	391,714	438,189	467,660	518,465	527,733	568,937
? Net Debt	-807,796	-974,435	-1,051,099	-923,735	-838,777	-1,089,602	-1,261,032	-1,515,666	-985,150	-579,383
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	459,497	432,533	490,383	619,790	592,016	698,214	1,418,845	1,360,605	751,779	751,779
? Depreciation And Amortization	46,012	46,796	49,310	54,019	50,950	56,959	51,312	57,338	67,760	61,090
? Deferred Income Tax	17,999	15,835	-43,695	-12,031	4,482	8,371	-3,690	-33,240	-22,916	-22,916
? Stock Based Compensation	43,415	45,217	50,908	56,147	61,543	62,498	69,385	64,397	58,399	58,399
? Change In Working Capital	-2,510	-9,963	-59,241	-149,576	62,004	-180,574	-678,688	668,273	185,765	0
? Accounts Receivables	62,619	-102,297	-184,771	-214,971	265,919	-647,193	-1,869,827	1,592,341	573,724	3,943
? Inventory	0	0	0	-22,472	-18,472	8,502	57,867	0	0	0
? Accounts Payables	-84,164	102,716	114,631	86,036	-181,987	430,495	1,041,805	-798,123	-300,345	-300,345
? Net Cash Provided By Operating Activities	564,712	529,099	488,639	572,804	771,935	655,012	868,494	2,129,675	1,053,191	1,053,191
? Investments In Property Plant And Equipment	-44,383	-59,316	-95,016	-47,474	-47,022	-47,543	-36,247	-86,824	-39,314	-39,314
? Acquisitions Net	0	0	84,405	183	579	0	0	0	0	0
? Purchases Of Investments	-47,026	-54	-12	-27	0	0	0	0	0	0
? Sales Maturities Of Investments	87,320	17	12	59	0	0	0	0	0	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-135,673	-145,123	-150,495	-156,840	-170,553	-174,929	-195,766	-213,799	-202,029	-204,087
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-634,972	-298,417	-424,565	-627,738	-418,042	-331,537	-613,546	-1,684,540	-1,536,565	-1,536,565
? Effect Of Forex Changes On Cash	-41,625	-10,847	24,275	-24,031	-1,122	19,852	-17,402	-51,982	1,559	1,559
? Net Change In Cash	-119,311	166,639	76,664	-127,364	306,756	297,300	200,901	305,439	-521,248	-521,248
? Cash At End Of Period	807,796	974,435	1,051,099	923,735	1,230,491	1,527,791	1,728,692	2,034,131	1,512,883	1,512,883
? Cash At Beginning Of Period	927,107	807,796	974,435	1,051,099	923,735	1,230,491	1,527,791	1,728,692	2,034,131	2,034,131
? Operating Cash Flow	564,712	529,099	488,639	572,804	771,935	655,012	868,494	2,129,675	1,053,191	1,053,191
? Capital Expenditure	-44,383	-59,316	-95,016	-47,474	-47,022	-47,543	-36,247	-86,824	-39,314	-40,466
? Free Cash Flow	520,329	469,783	393,623	525,330	724,913	607,469	832,247	2,042,851	1,013,877	1,013,877
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2023	2024	2025	2026	2027
Estimated Revenue (Low)	9,291,531.051	10,205,015.852	10,032,424.217	9,614,201.664	9,216,902.391
Estimated Revenue (High)	9,392,306.875	10,662,411.981	11,120,896.036	11,763,844.297	10,637,545.129
Estimated Revenue (Avg)	9,331,841.381	10,438,796.096	10,556,122.923	10,780,564.160	9,989,028.253
Estimated Ebitda (Low)	1,591,825.906	1,128,619.120	1,109,531.426	1,063,278.292	1,019,339.158
Estimated Ebitda (High)	2,387,738.863	1,179,204.639	1,229,910.476	1,301,017.048	1,176,454.500
Estimated Ebitda (Avg)	1,989,782.385	1,154,473.941	1,167,449.648	1,192,271.626	1,104,732.069
Estimated Net Income (Low)	602,306.399	760,161.382	753,946.873	737,552.472	714,529.732
Estimated Net Income (High)	903,459.600	798,525.528	810,455.686	883,657.934	861,394.825
Estimated Net Income (Avg)	752,883	779,343.455	760,568.090	765,759.350	846,639
Estimated SGA Expense (Low)	14,709.791	21,146.710	20,789.068	19,922.432	19,099.153
Estimated SGA Expense (High)	22,064.689	22,094.521	23,044.586	24,376.896	22,042.992
Estimated SGA Expense (Avg)	18,387.240	21,631.147	21,874.270	22,339.355	20,699.143
Estimated EPS (Avg)	5.140	5.480	5.510	5.780	5.610
Estimated EPS (High)	5.220	5.630	5.720	6.240	6.080
Estimated EPS (Low)	5.100	5.360	5.320	5.200	5.040
Number of Analysts (Estimated Revenue)	10	9	9	13	1
Number of Analysts (Estimated EPS)	12	11	10	13	1

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Current Key Metrics

?	Revenue (TTM) :	10.601B	?	P/S (TTM) :	1.41
?	Net Income (TTM) :	810.073M	?	P/E (TTM) :	18.54
?	Enterprise Value (TTM) :	14.831B	?	EV/FCF (TTM) :	19.37
?	Dividend Yield (TTM) :	0.01	?	Payout Ratio (TTM) :	0.24
?	ROE (TTM) :	0.37	?	ROIC (TTM) :	0.28
?	Net Debt (TTM) :	-579383000	?	Debt/Equity (TTM) :	0.26
?	P/B (TTM) :	6.85	?	Current Ratio (TTM) :	1.83

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
22.11	20.74	20.62	19.66	20.25

SWOT Analysis

No SWOT analysis available for this stock.

EXPD

0.67

0.34

1.72

-1.64

3.52

-9.91

51.65

Trading Metrics:

Open:	113.84	Previous Close:	113.63
Day Low:	112.9	Day High:	114.46
Year Low:	100.47	Year High:	131.59
Price Avg 50:	111.81	Price Avg 200:	116.39
Volume:	909608	Average Volume:	1.461M