EXPEDITORS INTERNATIONAL OF WASHINGTON INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
EXPD$189.19-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
| December 31, | 2023 | 2022 |
|---|---|---|
| Assets: | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,512,883 | $2,034,131 |
| Accounts receivable, net | 1,532,599 | 2,107,645 |
| Deferred contract costs | 218,807 | 257,545 |
| Other | 170,907 | 118,696 |
| Total current assets | 3,435,196 | 4,518,017 |
| Property and equipment, net | 479,225 | 501,916 |
| Operating lease right-of-use assets | 516,280 | 507,503 |
| Goodwill | 7,927 | 7,927 |
| Deferred federal and state income taxes, net | 63,690 | 37,449 |
| Other assets, net | 21,491 | 17,622 |
| Total assets | $4,523,809 | $5,590,434 |
| Liabilities: | ||
| Current Liabilities: | ||
| Accounts payable | $860,856 | $1,108,996 |
| Accrued expenses, primarily salaries and related costs | 447,336 | 479,262 |
| Contract liabilities | 280,909 | 323,101 |
| Current portion of operating lease liabilities | 99,749 | 95,621 |
| Federal, state and foreign income taxes | 15,562 | 47,075 |
| Total current liabilities | 1,704,412 | 2,054,055 |
| Noncurrent portion of operating lease liabilities | 427,984 | 422,844 |
| Commitments and contingencies | ||
| Shareholders’ Equity: | ||
| Preferred stock, par value $0.01 per share, authorized 2,000 shares; none issued | — | — |
| Common stock, par value $0.01 per share, authorized 640,000. Issued and outstanding: 143,866 shares and 154,313 shares at December 31, 2023 and 2022, respectively | 1,439 | 1,543 |
| Additional paid-in capital | — | 139 |
| Retained earnings | 2,580,968 | 3,310,892 |
| Accumulated other comprehensive loss | (192,057) | (202,553) |
| Total shareholders’ equity | 2,390,350 | 3,110,021 |
| Noncontrolling interest | 1,063 | 3,514 |
| Total equity | 2,391,413 | 3,113,535 |
| Total liabilities and equity | $4,523,809 | $5,590,434 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.