Expeditors International | ||
of Washington, Inc. | BY EDGAR | |
1015 Third Avenue | Ms. Linda Cvrkel | |
12th Floor | Branch Chief | |
Seattle, WA 98104-1190 | United States Securities and Exchange Commission | |
Washington, D.C. 20549 | ||
Tel: 206-674-3400 | ||
Fax: 206-682-9777 | Re: Expeditors International of Washington, Inc. | |
Form 10-K for the year ended December 31, 2012 | ||
Filed February 27, 2013 | ||
File No. 000-13468 |
• | Provide an in-depth discussion explaining that your revenues and related operating expenses are presented in your consolidated statement of operations on a gross basis pursuant to the guidance in ASC 605-45. Your revised disclosure should clearly explain why you believe you are the principal in your revenue generating transactions and should clearly explain how you meet the various criteria outlined in ASC 605-45 required for reporting revenues and related expenses on a gross basis. |
• | Revise to clearly identify the measure “net revenues” as a non-GAAP measure in your MD&A discussion of this measure as required by Item 10(e) of Regulation S-K. |
* | * | * | * | * |
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