XML 33 R55.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Business Segment Information - Financial Information Regarding Company's Operations by Geographic Area (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
[1]
Jun. 30, 2019
[1]
Mar. 31, 2019
[1]
Dec. 31, 2018
Sep. 30, 2018
[1]
Jun. 30, 2018
[1]
Mar. 31, 2018
[1]
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,044,941 [1] $ 2,074,855 $ 2,035,579 $ 2,020,051 $ 2,235,597 [1] $ 2,090,947 $ 1,957,559 $ 1,854,262 $ 8,175,426 [2] $ 8,138,365 [2] $ 6,920,948 [2]  
Directly related cost of transportation and other expenses [3]                 5,538,958 5,517,992 4,601,759  
Salaries and other operating expenses [4]                 1,869,776 1,823,810 1,618,929  
Operating income 180,340 [1] $ 206,550 $ 192,201 $ 187,601 217,007 [1] $ 203,154 $ 183,584 $ 192,818 766,692 796,563 700,260  
Identifiable assets at period end 3,691,884       3,314,559       3,691,884 3,314,559 3,117,008  
Capital expenditures                 47,022 47,474 95,016  
Depreciation and amortization                 50,950 54,019 49,310  
Equity 2,197,219       1,987,720       2,197,219 1,987,720 1,994,373 $ 1,847,213
Operating Segments | United States Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 2,712,067 2,479,812 1,962,558  
Directly related cost of transportation and other expenses [3]                 1,528,815 1,352,924 953,717  
Salaries and other operating expenses [4]                 859,946 816,817 731,020  
Operating income                 323,306 310,071 277,821  
Identifiable assets at period end 1,978,307       1,689,950       1,978,307 1,689,950 1,595,140  
Capital expenditures                 28,666 21,732 28,212  
Depreciation and amortization                 31,049 33,511 32,017  
Equity 1,521,059       1,339,673       1,521,059 1,339,673 1,337,568  
Operating Segments | Other North America Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 354,405 355,802 268,186  
Directly related cost of transportation and other expenses [3]                 212,369 216,753 149,115  
Salaries and other operating expenses [4]                 101,654 94,950 80,940  
Operating income                 40,382 44,099 38,131  
Identifiable assets at period end 153,813       161,604       153,813 161,604 151,181  
Capital expenditures                 2,353 4,259 1,563  
Depreciation and amortization                 1,881 1,847 1,546  
Equity 65,100       72,941       65,100 72,941 60,705  
Operating Segments | Latin America Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 150,202 156,854 111,862  
Directly related cost of transportation and other expenses [3]                 87,297 94,041 53,663  
Salaries and other operating expenses [4]                 55,512 53,970 48,235  
Operating income                 7,393 8,843 9,964  
Identifiable assets at period end 72,677       53,542       72,677 53,542 55,431  
Capital expenditures                 1,556 1,042 4,612  
Depreciation and amortization                 1,489 1,508 1,277  
Equity 29,148       26,007       29,148 26,007 26,546  
Operating Segments | North Asia Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 2,494,556 2,886,322 2,598,376  
Directly related cost of transportation and other expenses [3]                 1,970,662 2,315,826 2,089,141  
Salaries and other operating expenses [4]                 271,594 289,015 260,813  
Operating income                 252,300 281,481 248,422  
Identifiable assets at period end 538,526       533,071       538,526 533,071 458,152  
Capital expenditures                 1,767 3,057 3,756  
Depreciation and amortization                 5,263 5,309 5,326  
Equity 247,725       200,371       247,725 200,371 240,721  
Operating Segments | South Asia Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 743,406 777,863 684,877  
Directly related cost of transportation and other expenses [3]                 544,873 591,925 521,427  
Salaries and other operating expenses [4]                 127,478 125,056 110,393  
Operating income                 71,055 60,882 53,057  
Identifiable assets at period end 178,336       152,646       178,336 152,646 137,279  
Capital expenditures                 1,558 2,182 1,688  
Depreciation and amortization                 1,912 2,257 2,215  
Equity 94,727       100,706       94,727 100,706 94,516  
Operating Segments | Europe Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 1,280,669 1,330,365 1,115,324  
Directly related cost of transportation and other expenses [3]                 884,968 926,949 779,622  
Salaries and other operating expenses [4]                 342,073 337,970 287,211  
Operating income                 53,628 65,446 48,491  
Identifiable assets at period end 551,576       513,744       551,576 513,744 501,711  
Capital expenditures                 9,231 10,815 53,954  
Depreciation and amortization                 7,398 7,727 5,068  
Equity 159,308       157,003       159,308 157,003 142,971  
Operating Segments | Middle East Africa and India Segment                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 443,487 464,071 426,069  
Directly related cost of transportation and other expenses [3]                 311,997 330,209 304,802  
Salaries and other operating expenses [4]                 112,844 108,131 96,902  
Operating income                 18,646 25,731 24,365  
Identifiable assets at period end 219,953       206,367       219,953 206,367 215,495  
Capital expenditures                 1,891 4,387 1,231  
Depreciation and amortization                 1,958 1,860 1,861  
Equity 114,726       123,228       114,726 123,228 123,600  
Intersegment Eliminations                        
Segment Reporting Information [Line Items]                        
Revenue from Contract with Customer, Excluding Assessed Tax [2]                 (3,366) (312,724) (246,304)  
Directly related cost of transportation and other expenses [3]                 (2,023) (310,635) (249,728)  
Salaries and other operating expenses [4]                 (1,325) (2,099) 3,415  
Operating income                 (18) 10 9  
Identifiable assets at period end (1,304)       3,635       (1,304) 3,635 2,619  
Equity $ (34,574)       $ (32,209)       $ (34,574) $ (32,209) $ (32,254)  
[1] The fourth quarter of 2019 was significantly impacted by declines in results in our China operations due to the slowing of trade to and from China, which impacted overall freight movement around the globe. The Company’s consolidated financial results are expected to be further impacted in 2020 due to the significance of its China operations and the effects of the recent outbreak of the Novel Coronavirus (COVID-19). See Note 12 for further detail. In the fourth quarter 2019 and 2018, the People's Republic of China, including Hong Kong, represented 25% and 31%, respectively, of the Company’s total revenues and 25% and 27%, respectively, of the Company’s total operating income.
[2] In 2019, the Company revised its process to record the transfer, between its geographic operating segments, of revenues and the directly related cost of transportation and other expenses for freight service transactions between Company origin and destination locations. This change better aligns revenue reporting with the location where the services are performed, as well as the transactional reporting being developed as part of the Company’s new accounting systems and processes. The change in presentation had no impact on consolidated or segment operating income. The 2019 results also include the effect of changing the presentation of certain import services from a net to a gross basis, which increased segment revenues and directly related operating expenses but did not change operating income. The impact of these changes on reported segment revenues was immaterial and prior year segment revenues have not been revised.
[3] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the consolidated statements of earnings.
[4] Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings.