2021 Q4 Form 10-K Financial Statement

#000185224422000010 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.262B $7.940B $1.766B
YoY Change 28.09% 28.17%
Cost Of Revenue $1.912B $6.637B $1.484B
YoY Change 28.84% 28.4%
Gross Profit $350.0M $1.303B $282.0M
YoY Change 24.11% 27.0%
Gross Profit Margin 15.47% 16.41% 15.97%
Selling, General & Admin $212.0M $714.0M $151.0M
YoY Change 40.4% 16.86%
% of Gross Profit 60.57% 54.8% 53.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.00M $335.0M $247.0M
YoY Change -69.23% 3.72%
% of Gross Profit 21.71% 25.71% 87.59%
Operating Expenses $288.0M $714.0M $228.0M
YoY Change 26.32% 16.86%
Operating Profit $62.00M $151.0M $54.00M
YoY Change 14.81% 843.75%
Interest Expense -$5.000M $21.00M -$6.000M
YoY Change -16.67% -12.5%
% of Operating Profit -8.06% 13.91% -11.11%
Other Income/Expense, Net $12.00M $23.00M $0.00
YoY Change 1050.0%
Pretax Income $70.00M $153.0M $44.00M
YoY Change 59.09% -2650.0%
Income Tax $13.00M -$8.000M $14.00M
% Of Pretax Income 18.57% -5.23% 31.82%
Net Earnings $56.00M $153.0M $28.00M
YoY Change 100.0% -593.55%
Net Earnings / Revenue 2.48% 1.93% 1.59%
Basic Earnings Per Share $1.33
Diluted Earnings Per Share $489.6K $1.32 $244.3K
COMMON SHARES
Basic Shares Outstanding 114.6M shares 114.6M shares
Diluted Shares Outstanding 115.6M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $333.0M $333.0M
YoY Change 1.52%
Cash & Equivalents $333.0M $333.0M $328.0M
Short-Term Investments
Other Short-Term Assets $259.0M $259.0M $284.0M
YoY Change -8.8% -8.8%
Inventory
Prepaid Expenses
Receivables $1.507B $1.507B $1.224B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.099B $2.099B $1.836B
YoY Change 14.32% 14.32%
LONG-TERM ASSETS
Property, Plant & Equipment $2.635B $2.635B
YoY Change 19.56%
Goodwill $2.017B $2.063B
YoY Change -2.23% 3.98%
Intangibles $257.0M $299.0M
YoY Change -14.05%
Long-Term Investments
YoY Change
Other Assets $263.0M $116.0M $146.0M
YoY Change 80.14% -20.55%
Total Long-Term Assets $5.172B $5.172B $4.712B
YoY Change 9.76% 9.76%
TOTAL ASSETS
Total Short-Term Assets $2.099B $2.099B $1.836B
Total Long-Term Assets $5.172B $5.172B $4.712B
Total Assets $7.271B $7.271B $6.548B
YoY Change 11.04% 11.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $624.0M $624.0M $415.0M
YoY Change 50.36% 50.36%
Accrued Expenses $998.0M $1.451B $784.0M
YoY Change 27.3% 30.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $34.00M $34.00M
YoY Change -41.38%
Total Short-Term Liabilities $2.329B $2.329B $1.738B
YoY Change 34.0% 34.0%
LONG-TERM LIABILITIES
Long-Term Debt $927.0M $927.0M
YoY Change 50.73%
Other Long-Term Liabilities $234.0M $1.625B $148.0M
YoY Change 58.11% 36.21%
Total Long-Term Liabilities $2.552B $2.552B $1.862B
YoY Change 37.06% 41.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.329B $2.329B $1.738B
Total Long-Term Liabilities $2.552B $2.552B $1.862B
Total Liabilities $4.881B $4.920B $3.600B
YoY Change 35.58% 32.08%
SHAREHOLDERS EQUITY
Retained Earnings $126.0M $0.00
YoY Change
Common Stock $1.000M $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.351B $2.351B $2.823B
YoY Change
Total Liabilities & Shareholders Equity $7.271B $7.271B $6.548B
YoY Change 11.04% 11.04%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $56.00M $153.0M $28.00M
YoY Change 100.0% -593.55%
Depreciation, Depletion And Amortization $76.00M $335.0M $247.0M
YoY Change -69.23% 3.72%
Cash From Operating Activities $204.0M $455.0M $292.0M
YoY Change -30.14% 36.64%
INVESTING ACTIVITIES
Capital Expenditures -$70.00M $250.0M -$174.0M
YoY Change -59.77% 12.61%
Acquisitions -$32.00M
YoY Change -206.67%
Other Investing Activities $3.000M $43.00M -$69.00M
YoY Change -104.35% -174.14%
Cash From Investing Activities -$67.00M -$207.0M -$243.0M
YoY Change -72.43% -26.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.00M -$241.0M -14.00M
YoY Change 442.86% -459.7%
NET CHANGE
Cash From Operating Activities 204.0M $455.0M 292.0M
Cash From Investing Activities -67.00M -$207.0M -243.0M
Cash From Financing Activities -76.00M -$241.0M -14.00M
Net Change In Cash 61.00M $5.000M 35.00M
YoY Change 74.29% -96.09%
FREE CASH FLOW
Cash From Operating Activities $204.0M $455.0M $292.0M
Capital Expenditures -$70.00M $250.0M -$174.0M
Free Cash Flow $274.0M $205.0M $466.0M
YoY Change -41.2% 84.68%

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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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335000000 USD
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323000000 USD
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CY2021 us-gaap Share Based Compensation
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145000000 USD
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222000000 USD
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CY2019 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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30000000 USD
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278000000 USD
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128000000 USD
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11000000 USD
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CY2021 us-gaap Number Of Reportable Segments
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CY2021Q3 gxo Separation Agreement Percentage Of Outstanding Common Stock Distributed
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1
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CY2021 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates, judgments and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. The Company bases its estimates and judgments on historical information and on various other assumptions that it believes are reasonable under the circumstances. GAAP requires the Company to make estimates and judgments in several areas, including, but not limited to, those related to revenue recognition, income taxes, loss contingencies, valuation of long-lived assets including goodwill and intangible assets and their associated estimated useful lives, collectability of accounts receivable and the fair value of financial instruments. Actual results may vary from those estimates.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for the logistics business, and adversely impact the Company’s estimates, particularly those that require consideration of forecasted financial information. The business and economic uncertainty resulting from the COVID-19 pandemic has made calculating estimates and assumptions more difficult.</span></div>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts reported for prior years have been reclassified to conform to the current year’s presentation.</span></div>
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42000000 USD
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220000000 USD
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97000000 USD
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2100000000 USD
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P3Y
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1991000000 USD
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1692000000 USD
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922000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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863000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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770000000 USD
CY2021 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
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274000000 USD
CY2020 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
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262000000 USD
CY2019 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
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236000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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1772000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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1434000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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453000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
332000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1391000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1099000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1844000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1431000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
234000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
199000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
79000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
49000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
155000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
150000000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
34000000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
31000000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
133000000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
127000000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
167000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
158000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y7M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.038
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.046
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
657000000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
532000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
500000000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
80000000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
55000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
57000000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
75000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
65000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
65000000 USD
CY2021 gxo Total Operating Lease Costs
TotalOperatingLeaseCosts
812000000 USD
CY2020 gxo Total Operating Lease Costs
TotalOperatingLeaseCosts
652000000 USD
CY2019 gxo Total Operating Lease Costs
TotalOperatingLeaseCosts
622000000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
32000000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
12000000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000 USD
CY2021 gxo Finance Lease Cost
FinanceLeaseCost
38000000 USD
CY2020 gxo Finance Lease Cost
FinanceLeaseCost
28000000 USD
CY2019 gxo Finance Lease Cost
FinanceLeaseCost
14000000 USD
CY2021 us-gaap Lease Cost
LeaseCost
850000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
680000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
636000000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
578000000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
556000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
505000000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
25000000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
932000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
392000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
478000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
39000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
38000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
51000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
38000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
503000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
34000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
440000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
25000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
332000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
22000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
248000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
181000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
81000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
329000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
212000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2033000000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
45000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
189000000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
167000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1844000000 USD
CY2021Q4 gxo Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
301000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1984000000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
79000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2063000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-62000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
2017000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
65000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
48000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
41000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
39000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
35000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
32000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
62000000 USD
CY2021Q4 gxo Finance Lease Liability And Other
FinanceLeaseLiabilityAndOther
168000000 USD
CY2020Q4 gxo Finance Lease Liability And Other
FinanceLeaseLiabilityAndOther
161000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
961000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
673000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
34000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
58000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
927000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
615000000 USD
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
800000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
6000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2000000 USD
CY2021Q4 gxo Trade Receivables Securitization Program Number Of Participating Banks
TradeReceivablesSecuritizationProgramNumberOfParticipatingBanks
2 bank
CY2021Q2 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
400000000 EUR
CY2021Q4 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
455000000 USD
CY2021Q4 gxo Trade Receivables Securitization Program Number Of Programs
TradeReceivablesSecuritizationProgramNumberOfPrograms
2 program
CY2021 gxo Accounts Receivable Sold In Securitization Program
AccountsReceivableSoldInSecuritizationProgram
1850000000 USD
CY2020 gxo Accounts Receivable Sold In Securitization Program
AccountsReceivableSoldInSecuritizationProgram
1491000000 USD
CY2019 gxo Accounts Receivable Sold In Securitization Program
AccountsReceivableSoldInSecuritizationProgram
1023000000 USD
CY2021 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
1850000000 USD
CY2020 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
1491000000 USD
CY2019 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
943000000 USD
CY2021 gxo Securitization Deferred Purchase Price
SecuritizationDeferredPurchasePrice
0 USD
CY2020 gxo Securitization Deferred Purchase Price
SecuritizationDeferredPurchasePrice
0 USD
CY2019 gxo Securitization Deferred Purchase Price
SecuritizationDeferredPurchasePrice
80000000 USD
CY2021 gxo Accounts Receivable Sold In Factoring Programs
AccountsReceivableSoldInFactoringPrograms
450000000 USD
CY2020 gxo Accounts Receivable Sold In Factoring Programs
AccountsReceivableSoldInFactoringPrograms
612000000 USD
CY2019 gxo Accounts Receivable Sold In Factoring Programs
AccountsReceivableSoldInFactoringPrograms
794000000 USD
CY2021 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
449000000 USD
CY2020 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
611000000 USD
CY2019 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
790000000 USD
CY2021Q4 gxo Facility And Transportation Charges
FacilityAndTransportationCharges
387000000 USD
CY2020Q4 gxo Facility And Transportation Charges
FacilityAndTransportationCharges
259000000 USD
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
367000000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
317000000 USD
CY2021Q4 gxo Value Added Tax And Other Taxes
ValueAddedTaxAndOtherTaxes
135000000 USD
CY2020Q4 gxo Value Added Tax And Other Taxes
ValueAddedTaxAndOtherTaxes
141000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
109000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
67000000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
998000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
784000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-17000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
2000000 USD
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.04
CY2021 gxo Defined Contribution Plan Matching Contributions Employee Requisite Service
DefinedContributionPlanMatchingContributionsEmployeeRequisiteService
P1Y
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16000000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14000000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
USD
CY2021 gxo Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross Converted From Xpo
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrossConvertedFromXPO
1170000 shares
CY2021 gxo Share Based Compensation Arrangements By Share Based Payment Award Options Converted Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsConvertedWeightedAverageExercisePrice
64.72
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1170000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
64.72
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
31000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.12
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
23000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-25000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-82000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
16000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
178000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
76000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
102000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
153000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
118000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
26000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
45000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
36000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
40000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
42000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-13000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-16000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2000000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-12000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4000000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-23000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-48000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-26000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8000000 USD
CY2020 us-gaap Income Tax Expense Benefit
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223000000 USD
CY2019 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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166000000 USD
CY2021 dei Auditor Location
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Dallas, TX
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AuditorFirmId
185

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