Expeditors International said cash from operations in 2024 was $723 million, down $330 million from $1,053 million in 2023. The company cited a significant investment in working capital to finance its growth in the second half of 2024 as the reason for the decrease.

1. 01

   Expeditors International said cash from operations in 2024 was $723 million, down $330 million from $1,053 million in 2023. The company cited a significant investment in working capital to finance its growth in the second half of 2024 as the reason for the decrease.

2. 02

   Expeditors International said ocean freight consolidation revenues and expenses increased 46% and 58%, respectively, in 2024, and containers shipped rose 7%. Airfreight tonnage increased 12%.

3. 03

   The company said it returned $1,059 million to shareholders through common stock repurchases and dividends in 2024. In 2024, it repurchased 7.1 million shares at an average price of $119.47 per share, and the cash dividend per share was $1.46.

4. 04

   Expeditors International said working capital as of December 31, 2024 was $1,593 million and cash and cash equivalents were $1,148 million. Excluding recorded lease liabilities, the company said it had no long-term debt.

Key figures

Fiscal year ended December 31, 2024

Revenue

$10.6B

Operating income

$1.0B

Net income

$810M

EPS

$5.72

Operating cash flow

$723M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.