Exhibit 99.3
C.H. Robinson Business Segment Information(unaudited, dollars in thousands)
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Three months ended December 31, 2016 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,281,435 | | | $ | 475,971 | | | $ | 529,449 | | | $ | 128,120 | | | | — | | | $ | 3,414,975 | |
Intersegment Revenues(1) | | | 86,898 | | | | 6,726 | | | | 36,203 | | | | 1,569 | | | | (131,396 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,368,333 | | | $ | 482,697 | | | $ | 565,652 | | | $ | 129,689 | | | ($ | 131,396 | ) | | $ | 3,414,975 | |
Net Revenues | | $ | 363,281 | | | $ | 114,079 | | | $ | 51,753 | | | $ | 32,403 | | | | — | | | $ | 561,516 | |
Operating Income/(Loss) | | $ | 157,631 | | | $ | 24,631 | | | $ | 12,980 | | | ($ | 1,677 | ) | | | — | | | $ | 193,565 | |
Depreciation and Amortization | | $ | 5,575 | | | $ | 7,868 | | | $ | 1,192 | | | $ | 7,318 | | | | — | | | $ | 21,953 | |
Total Assets | | $ | 2,088,611 | | | $ | 668,553 | | | $ | 376,654 | | | $ | 518,752 | | | | — | | | $ | 3,652,570 | |
Average Headcount | | | 6,809 | | | | 3,934 | | | | 951 | | | | 2,380 | | | | — | | | | 14,074 | |
|
Three months ended September 30, 2016 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,252,187 | | | $ | 390,830 | | | $ | 590,385 | | | $ | 122,352 | | | | — | | | $ | 3,355,754 | |
Intersegment Revenues(1) | | | 79,728 | | | | 8,742 | | | | 32,255 | | | | 100 | | | | (120,825 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,331,915 | | | $ | 399,572 | | | $ | 622,640 | | | $ | 122,452 | | | ($ | 120,825 | ) | | $ | 3,355,754 | |
Net Revenues | | $ | 378,073 | | | $ | 93,368 | | | $ | 57,036 | | | $ | 29,985 | | | | — | | | $ | 558,462 | |
Operating Income | | $ | 171,733 | | | $ | 17,047 | | | $ | 17,733 | | | $ | 4,754 | | | | — | | | $ | 211,267 | |
Depreciation and Amortization | | $ | 5,547 | | | $ | 5,073 | | | $ | 983 | | | $ | 6,054 | | | | — | | | $ | 17,657 | |
Total Assets | | $ | 2,115,467 | | | $ | 625,267 | | | $ | 405,832 | | | $ | 517,496 | | | | — | | | $ | 3,664,062 | |
Average Headcount | | | 6,869 | | | | 3,715 | | | | 956 | | | | 2,322 | | | | — | | | | 13,862 | |
|
Three months ended June 30, 2016 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,158,615 | | | $ | 356,773 | | | $ | 660,204 | | | $ | 124,149 | | | | — | | | $ | 3,299,741 | |
Intersegment Revenues(1) | | | 71,543 | | | | 8,763 | | | | 27,049 | | | | 229 | | | | (107,584 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,230,158 | | | $ | 365,536 | | | $ | 687,253 | | | $ | 124,378 | | | ($ | 107,584 | ) | | $ | 3,299,741 | |
Net Revenues | | $ | 399,203 | | | $ | 97,224 | | | $ | 67,820 | | | $ | 29,968 | | | | — | | | $ | 594,215 | |
Operating Income | | $ | 182,721 | | | $ | 22,396 | | | $ | 27,311 | | | $ | 1,319 | | | | — | | | $ | 233,747 | |
Depreciation and Amortization | | $ | 5,502 | | | $ | 5,079 | | | $ | 839 | | | $ | 6,764 | | | | — | | | $ | 18,184 | |
Total Assets | | $ | 1,936,149 | | | $ | 505,778 | | | $ | 427,272 | | | $ | 479,871 | | | | — | | | $ | 3,349,070 | |
Average Headcount | | | 6,800 | | | | 3,514 | | | | 947 | | | | 2,261 | | | | — | | | | 13,522 | |
|
Three months ended March 31, 2016 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,045,479 | | | $ | 351,112 | | | $ | 564,093 | | | $ | 113,259 | | | | — | | | $ | 3,073,943 | |
Intersegment Revenues(1) | | | 60,269 | | | | 6,080 | | | | 23,896 | | | | 313 | | | | (90,558 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,105,748 | | | $ | 357,192 | | | $ | 587,989 | | | $ | 113,572 | | | ($ | 90,558 | ) | | $ | 3,073,943 | |
Net Revenues | | $ | 383,798 | | | $ | 92,866 | | | $ | 58,185 | | | $ | 28,486 | | | | — | | | $ | 563,335 | |
Operating Income | | $ | 162,351 | | | $ | 16,857 | | | $ | 17,733 | | | $ | 2,011 | | | | — | | | $ | 198,952 | |
Depreciation and Amortization | | $ | 5,502 | | | $ | 5,079 | | | $ | 768 | | | $ | 5,526 | | | | — | | | $ | 16,875 | |
Total Assets | | $ | 1,854,240 | | | $ | 514,958 | | | $ | 370,319 | | | $ | 422,728 | | | | — | | | $ | 3,162,245 | |
Average Headcount | | | 6,666 | | | | 3,488 | | | | 922 | | | | 2,175 | | | | — | | | | 13,251 | |
(1) | Intersegment revenues represent the sales between our segments and are eliminated to reconcile to our consolidated results. |
C.H. Robinson Business Segment Information(unaudited, dollars in thousands)
| | | | | | | | | | | | | | | | | | | | | | | | |
Three months ended December 31, 2015 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,171,427 | | | $ | 376,767 | | | $ | 549,713 | | | $ | 112,946 | | | | — | | | $ | 3,210,853 | |
Intersegment Revenues(1) | | | 64,581 | | | | 4,295 | | | | 23,991 | | | | 402 | | | | (93,269 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,236,008 | | | $ | 381,062 | | | $ | 573,704 | | | $ | 113,348 | | | ($ | 93,269 | ) | | $ | 3,210,853 | |
Net Revenues | | $ | 398,279 | | | $ | 89,491 | | | $ | 56,163 | | | $ | 26,844 | | | | — | | | $ | 570,777 | |
Operating Income/(Loss) | | $ | 183,964 | | | $ | 18,727 | | | $ | 16,065 | | | ($ | 4,177 | ) | | | — | | | $ | 214,579 | |
Depreciation and Amortization | | $ | 5,457 | | | $ | 5,255 | | | $ | 762 | | | $ | 5,422 | | | | — | | | $ | 16,896 | |
Total Assets | | $ | 1,878,203 | | | $ | 556,606 | | | $ | 346,728 | | | $ | 402,821 | | | | — | | | $ | 3,184,358 | |
Average Headcount | | | 6,683 | | | | 3,455 | | | | 912 | | | | 2,108 | | | | — | | | | 13,158 | |
|
Three months ended September 30, 2015 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,282,235 | | | $ | 420,628 | | | $ | 602,913 | | | $ | 113,477 | | | | — | | | $ | 3,419,253 | |
Intersegment Revenues(1) | | | 69,845 | | | | 4,529 | | | | 23,609 | | | | 557 | | | | (98,540 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,352,080 | | | $ | 425,157 | | | $ | 626,522 | | | $ | 114,034 | | | ($ | 98,540 | ) | | $ | 3,419,253 | |
Net Revenues | | $ | 410,478 | | | $ | 94,797 | | | $ | 57,911 | | | $ | 25,389 | | | | — | | | $ | 588,575 | |
Operating Income/(Loss) | | $ | 197,209 | | | $ | 22,477 | | | $ | 19,908 | | | ($ | 6,883 | ) | | | — | | | $ | 232,711 | |
Depreciation and Amortization | | $ | 5,454 | | | $ | 5,181 | | | $ | 754 | | | $ | 5,442 | | | | — | | | $ | 16,831 | |
Total Assets | | $ | 1,943,010 | | | $ | 594,908 | | | $ | 366,191 | | | $ | 408,456 | | | | — | | | $ | 3,312,565 | |
Average Headcount | | | 6,723 | | | | 3,422 | | | | 906 | | | | 2,061 | | | | — | | | | 13,112 | |
|
Three months ended June 30, 2015 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,319,936 | | | $ | 431,098 | | | $ | 672,424 | | | $ | 121,630 | | | | — | | | $ | 3,545,088 | |
Intersegment Revenues(1) | | | 71,785 | | | | 5,027 | | | | 21,381 | | | | 510 | | | | (98,703 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,391,721 | | | $ | 436,125 | | | $ | 693,805 | | | $ | 122,140 | | | ($ | 98,703 | ) | | $ | 3,545,088 | |
Net Revenues | | $ | 398,151 | | | $ | 94,846 | | | $ | 65,712 | | | $ | 25,309 | | | | — | | | $ | 584,018 | |
Operating Income/(Loss) | | $ | 187,063 | | | $ | 20,904 | | | $ | 26,066 | | | ($ | 4,938 | ) | | | — | | | $ | 229,095 | |
Depreciation and Amortization | | $ | 5,469 | | | $ | 5,176 | | | $ | 720 | | | $ | 5,074 | | | | — | | | $ | 16,439 | |
Total Assets | | $ | 1,969,209 | | | $ | 605,679 | | | $ | 412,425 | | | $ | 416,701 | | | | — | | | $ | 3,404,014 | |
Average Headcount | | | 6,575 | | | | 3,350 | | | | 890 | | | | 2,035 | | | | — | | | | 12,850 | |
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Three months ended March 31, 2015 | |
| | NAST | | | Global Forwarding | | | Robinson Fresh | | | All Other & Corporate | | | Eliminations | | | Consolidated | |
| | | | | | |
Revenues | | $ | 2,194,751 | | | $ | 411,451 | | | $ | 570,390 | | | $ | 124,298 | | | | — | | | $ | 3,300,890 | |
Intersegment Revenues(1) | | | 65,346 | | | | 5,251 | | | | 20,052 | | | | 638 | | | | (91,287 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 2,260,097 | | | $ | 416,702 | | | $ | 590,442 | | | $ | 124,936 | | | ($ | 91,287 | ) | | $ | 3,300,890 | |
Net Revenues | | $ | 358,009 | | | $ | 86,333 | | | $ | 55,548 | | | $ | 25,220 | | | | — | | | $ | 525,110 | |
Operating Income/(Loss) | | $ | 150,093 | | | $ | 13,973 | | | $ | 19,293 | | | ($ | 1,434 | ) | | | — | | | $ | 181,925 | |
Depreciation and Amortization | | $ | 5,466 | | | $ | 5,178 | | | $ | 691 | | | $ | 4,908 | | | | — | | | $ | 16,243 | |
Total Assets | | $ | 1,965,361 | | | $ | 601,452 | | | $ | 360,648 | | | $ | 381,763 | | | | — | | | $ | 3,309,224 | |
Average Headcount | | | 6,391 | | | | 3,294 | | | | 866 | | | | 2,014 | | | | — | | | | 12,565 | |
(1) | Intersegment revenues represent the sales between our segments and are eliminated to reconcile to our consolidated results. |