$GXO
GXO Logistics, Inc.

2022 Q4 Form 10-Q Financial Statement

#000185224422000031 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $2.467B $2.287B
YoY Change 9.06% 15.86%
Cost Of Revenue $2.035B $1.885B
YoY Change 6.43% 14.17%
Gross Profit $432.0M $402.0M
YoY Change 23.43% 24.46%
Gross Profit Margin 17.51% 17.58%
Selling, General & Admin $253.0M $227.0M
YoY Change 19.34% 32.75%
% of Gross Profit 58.56% 56.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.00M $89.00M
YoY Change 14.47% 4.71%
% of Gross Profit 20.14% 22.14%
Operating Expenses $340.0M $227.0M
YoY Change 18.06% 32.75%
Operating Profit $92.00M $72.00M
YoY Change 48.39% 100.0%
Interest Expense -$10.00M $6.000M
YoY Change 100.0% 20.0%
% of Operating Profit -10.87% 8.33%
Other Income/Expense, Net -$5.000M $17.00M
YoY Change -141.67% 54.55%
Pretax Income $59.00M $83.00M
YoY Change -15.71% 97.62%
Income Tax $13.00M $19.00M
% Of Pretax Income 22.03% 22.89%
Net Earnings $46.00M $63.00M
YoY Change -17.86% -12.5%
Net Earnings / Revenue 1.86% 2.75%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.39 $0.53
COMMON SHARES
Basic Shares Outstanding 118.6M shares 118.6M shares
Diluted Shares Outstanding 119.1M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $495.0M $434.0M
YoY Change 48.65% 57.82%
Cash & Equivalents $495.0M $434.0M
Short-Term Investments
Other Short-Term Assets $286.0M $301.0M
YoY Change 10.42% 3.08%
Inventory
Prepaid Expenses
Receivables $1.647B $1.507B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.428B $2.242B
YoY Change 15.67% 14.5%
LONG-TERM ASSETS
Property, Plant & Equipment $3.187B $2.972B
YoY Change 20.95% 12.53%
Goodwill $2.728B $2.603B
YoY Change 35.25% 27.47%
Intangibles $570.0M $576.0M
YoY Change 121.79% 110.22%
Long-Term Investments
YoY Change
Other Assets $306.0M $413.0M
YoY Change 16.35% 89.45%
Total Long-Term Assets $6.791B $6.564B
YoY Change 31.3% 26.84%
TOTAL ASSETS
Total Short-Term Assets $2.428B $2.242B
Total Long-Term Assets $6.791B $6.564B
Total Assets $9.219B $8.806B
YoY Change 26.79% 23.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $717.0M $568.0M
YoY Change 14.9% 14.52%
Accrued Expenses $995.0M $952.0M
YoY Change -0.3% -5.56%
Deferred Revenue $154.0M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $67.00M $94.00M
YoY Change 97.06% 135.0%
Total Short-Term Liabilities $2.532B $2.275B
YoY Change 8.72% 1.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.739B $1.789B
YoY Change 87.59% 91.54%
Other Long-Term Liabilities $417.0M $444.0M
YoY Change 78.21% 148.04%
Total Long-Term Liabilities $4.009B $3.932B
YoY Change 57.09% 54.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.532B $2.275B
Total Long-Term Liabilities $4.009B $3.932B
Total Liabilities $6.541B $6.207B
YoY Change 34.01% 29.42%
SHAREHOLDERS EQUITY
Retained Earnings $323.0M $277.0M
YoY Change 156.35% 295.71%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.645B $2.569B
YoY Change
Total Liabilities & Shareholders Equity $9.219B $8.806B
YoY Change 26.79% 23.45%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $46.00M $63.00M
YoY Change -17.86% -12.5%
Depreciation, Depletion And Amortization $87.00M $89.00M
YoY Change 14.47% 4.71%
Cash From Operating Activities $226.0M $116.0M
YoY Change 10.78% 10.48%
INVESTING ACTIVITIES
Capital Expenditures $103.0M -$85.00M
YoY Change -247.14% 39.34%
Acquisitions
YoY Change
Other Investing Activities $10.00M $32.00M
YoY Change 233.33% -500.0%
Cash From Investing Activities -$93.00M -$53.00M
YoY Change 38.81% -23.19%
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 -6.000M
YoY Change 0.0% -93.1%
NET CHANGE
Cash From Operating Activities 226.0M 116.0M
Cash From Investing Activities -93.00M -53.00M
Cash From Financing Activities -76.00M -6.000M
Net Change In Cash 57.00M 57.00M
YoY Change -6.56% -211.76%
FREE CASH FLOW
Cash From Operating Activities $226.0M $116.0M
Capital Expenditures $103.0M -$85.00M
Free Cash Flow $123.0M $201.0M
YoY Change -55.11% 21.08%

Facts In Submission

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CY2021Q3 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
418000000 usd
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
0 usd
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
1320000000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12000000 usd
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4000000 usd
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4000000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12000000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
63000000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63000000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
72000000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
151000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
151000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
97000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
97000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118621000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114629000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116508000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114627000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
444000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
599000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119065000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115529000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117107000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115527000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2013000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1735000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares

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