$GXO
GXO Logistics, Inc. Stock $gxo

$gxo Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000185224423000029 Filed on August 03, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$2.471B	$2.394B	$2.156B
YoY Change	8.05%	11.04%	14.56%
Cost Of Revenue	$2.012B	$1.957B	$1.775B
YoY Change	6.74%	10.25%	14.22%
Gross Profit	$459.0M	$437.0M	$381.0M
YoY Change	14.18%	14.7%	16.16%
Gross Profit Margin	18.58%	18.25%	17.67%
Selling, General & Admin	$258.0M	$245.0M	$220.0M
YoY Change	13.66%	11.36%	24.29%
% of Gross Profit	56.21%	56.06%	57.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$101.0M	$84.00M	$77.00M
YoY Change	13.48%	9.09%	-18.95%
% of Gross Profit	22.0%	19.22%	20.21%
Operating Expenses	$258.0M	$329.0M	$220.0M
YoY Change	13.66%	49.55%	24.29%
Operating Profit	$90.00M	$108.0M	$59.00M
YoY Change	25.0%	83.05%	168.18%
Interest Expense	$14.00M	-$14.00M	$9.000M
YoY Change	133.33%	-255.56%	50.0%
% of Operating Profit	15.56%	-12.96%	15.25%
Other Income/Expense, Net	$7.000M	$1.000M	$23.00M
YoY Change	-58.82%	-95.65%	-2400.0%
Pretax Income	$83.00M	$86.00M	$73.00M
YoY Change	0.0%	17.81%	386.67%
Income Tax	$15.00M	$20.00M	$21.00M
% Of Pretax Income	18.07%	23.26%	28.77%
Net Earnings	$66.00M	$65.00M	$51.00M
YoY Change	4.76%	27.45%	363.64%
Net Earnings / Revenue	2.67%	2.72%	2.37%
Basic Earnings Per Share	$0.55	$0.55	$0.44
Diluted Earnings Per Share	$0.55	$0.54	$0.44
COMMON SHARES
Basic Shares Outstanding	118.9M shares	181.1M shares	116.1M shares
Diluted Shares Outstanding	119.6M shares	119.4M shares	116.6M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$473.0M	$305.0M	$384.0M
YoY Change	8.99%	-20.57%	17.79%
Cash & Equivalents	$473.0M	$305.0M	$384.0M
Short-Term Investments
Other Short-Term Assets	$332.0M	$282.0M	$312.0M
YoY Change	10.3%	-9.62%	-8.24%
Inventory
Prepaid Expenses
Receivables	$1.661B	$1.719B	$1.560B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.466B	$2.306B	$2.256B
YoY Change	9.99%	2.22%	14.93%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.056B	$3.159B	$2.805B
YoY Change	2.83%	12.62%	8.64%
Goodwill	$2.734B	$2.802B	$2.769B
YoY Change	5.03%	1.19%	34.55%
Intangibles	$507.0M	$544.0M	$557.0M
YoY Change	-11.98%	-2.33%	88.81%
Long-Term Investments
YoY Change
Other Assets	$328.0M	$315.0M	$319.0M
YoY Change	-20.58%	-1.25%	87.65%
Total Long-Term Assets	$6.625B	$6.820B	$6.450B
YoY Change	0.93%	5.74%	26.35%
TOTAL ASSETS
Total Short-Term Assets	$2.466B	$2.306B	$2.256B
Total Long-Term Assets	$6.625B	$6.820B	$6.450B
Total Assets	$9.091B	$9.126B	$8.706B
YoY Change	3.24%	4.82%	23.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$597.0M	$566.0M	$592.0M
YoY Change	5.11%	-4.39%	29.26%
Accrued Expenses	$975.0M	$1.518B	$1.012B
YoY Change	2.42%	50.0%	4.01%
Deferred Revenue	$183.0M	$196.0M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$26.00M	$35.00M	$84.00M
YoY Change	-72.34%	-58.33%	133.33%
Total Short-Term Liabilities	$2.434B	$2.403B	$2.364B
YoY Change	6.99%	1.65%	17.67%
LONG-TERM LIABILITIES
Long-Term Debt	$1.621B	$1.625B	$1.801B
YoY Change	-9.39%	-9.77%	209.45%
Other Long-Term Liabilities	$419.0M	$2.287B	$410.0M
YoY Change	-5.63%	457.8%	156.25%
Total Long-Term Liabilities	$3.840B	$3.912B	$3.781B
YoY Change	-2.34%	3.46%	76.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.434B	$2.403B	$2.364B
Total Long-Term Liabilities	$3.840B	$3.912B	$3.781B
Total Liabilities	$6.274B	$6.348B	$6.145B
YoY Change	1.08%	3.3%	47.93%
SHAREHOLDERS EQUITY
Retained Earnings	$479.0M	$413.0M	$214.0M
YoY Change	72.92%	92.99%
Common Stock	$1.000M	$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	$2.784B	$2.778B	$2.530B
YoY Change
Total Liabilities & Shareholders Equity	$9.091B	$9.126B	$8.706B
YoY Change	3.24%	4.82%	23.17%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$66.00M	$65.00M	$51.00M
YoY Change	4.76%	27.45%	363.64%
Depreciation, Depletion And Amortization	$101.0M	$84.00M	$77.00M
YoY Change	13.48%	9.09%	-18.95%
Cash From Operating Activities	$243.0M	$61.00M	$154.0M
YoY Change	109.48%	-60.39%	55.56%
INVESTING ACTIVITIES
Capital Expenditures	$55.00M	$59.00M	-$89.00M
YoY Change	-164.71%	-166.29%	71.15%
Acquisitions
YoY Change
Other Investing Activities	$3.000M	$1.000M	-$870.0M
YoY Change	-90.63%	-100.11%	-4678.95%
Cash From Investing Activities	-$52.00M	-$58.00M	-$959.0M
YoY Change	-1.89%	-93.95%	2806.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.00M	-126.0M	887.0M
YoY Change	150.0%	-114.21%	-661.39%
NET CHANGE
Cash From Operating Activities	243.0M	61.00M	154.0M
Cash From Investing Activities	-52.00M	-58.00M	-959.0M
Cash From Financing Activities	-15.00M	-126.0M	887.0M
Net Change In Cash	176.0M	-123.0M	82.00M
YoY Change	208.77%	-250.0%	-189.13%
FREE CASH FLOW
Cash From Operating Activities	$243.0M	$61.00M	$154.0M
Capital Expenditures	$55.00M	$59.00M	-$89.00M
Free Cash Flow	$188.0M	$2.000M	$243.0M
YoY Change	-6.47%	-99.18%	60.93%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2022Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#DebtCurrent
CY2023Q2	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#DebtCurrent
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent
CY2023Q2	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent
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CY2022Q4	us-gaap	Debt Current DebtCurrent	67000000	usd
CY2023Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1625000000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1739000000	usd
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	5000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-155000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	869000000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5000000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-15000000	usd
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	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	51000000	usd
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CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	384000000	usd
	gxo	Common Stock Issued For Acquisition CommonStockIssuedForAcquisition	0	usd
	gxo	Common Stock Issued For Acquisition CommonStockIssuedForAcquisition	203000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2719000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	66000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	22000000	usd
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CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2000000	usd
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	us-gaap	Profit Loss ProfitLoss	92000000	usd
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	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	Certain amounts reported for prior periods have been reclassified to conform to the current period’s presentation.
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
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CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2156000000	usd
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CY2022Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	25000000	usd
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	us-gaap	Operating Lease Cost OperatingLeaseCost	398000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	340000000	usd
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	us-gaap	Short Term Lease Cost ShortTermLeaseCost	92000000	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	45000000	usd
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	us-gaap	Variable Lease Cost VariableLeaseCost	57000000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	42000000	usd
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CY2023Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1625000000	usd
CY2022Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1739000000	usd
CY2023Q2	gxo	Accounts Receivable Sold In Factoring Programs AccountsReceivableSoldInFactoringPrograms	269000000	usd
CY2022Q2	gxo	Accounts Receivable Sold In Factoring Programs AccountsReceivableSoldInFactoringPrograms	228000000	usd
	gxo	Accounts Receivable Sold In Factoring Programs AccountsReceivableSoldInFactoringPrograms	532000000	usd
	gxo	Accounts Receivable Sold In Factoring Programs AccountsReceivableSoldInFactoringPrograms	457000000	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	268000000	usd
CY2022Q2	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	228000000	usd
	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	529000000	usd
	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	456000000	usd
CY2023Q2	us-gaap	Proceeds From Repayments Of Accounts Receivable Securitization ProceedsFromRepaymentsOfAccountsReceivableSecuritization	0	usd
CY2022Q2	us-gaap	Proceeds From Repayments Of Accounts Receivable Securitization ProceedsFromRepaymentsOfAccountsReceivableSecuritization	-8000000	usd
	us-gaap	Proceeds From Repayments Of Accounts Receivable Securitization ProceedsFromRepaymentsOfAccountsReceivableSecuritization	0	usd
	us-gaap	Proceeds From Repayments Of Accounts Receivable Securitization ProceedsFromRepaymentsOfAccountsReceivableSecuritization	-2000000	usd
CY2022Q2	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	8000000	usd
	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	116000000	usd
	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	118000000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	3000000	usd
	us-gaap	Restructuring Charges RestructuringCharges	24000000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.230
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.294
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.199
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	39000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	44000000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	2728000000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	44000000	usd
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	30000000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	2802000000	usd

Files In Submission

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0001852244-23-000029-index.html	Edgar Link	pending
0001852244-23-000029.txt	Edgar Link	pending
0001852244-23-000029-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
gxo-20230630.htm	Edgar Link	pending
gxo-20230630.xsd	Edgar Link	pending
gxo-20230630_g1.jpg	Edgar Link	pending
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gxo-20230630_def.xml	Edgar Link	unprocessable
gxo-20230630_lab.xml	Edgar Link	unprocessable
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gxo-20230630_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
gxo-20230630_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable

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$GXO
GXO Logistics, Inc. Stock $gxo

2023 Q3 Form 10-Q Financial Statement

#000185224423000029 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GXO GXO Logistics, Inc. Stock $gxo

2023 Q3 Form 10-Q Financial Statement

#000185224423000029 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GXO
GXO Logistics, Inc. Stock $gxo