2024 Q2 Form 10-Q Financial Statement
#000192956124000082 Filed on May 07, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| Revenue | $930.0M | $913.0M | $1.010B |
| YoY Change | -3.43% | -9.6% | -23.02% |
| Cost Of Revenue | $750.0M | $752.0M | $820.0M |
| YoY Change | -4.09% | -8.29% | -23.79% |
| Gross Profit | $180.0M | $161.0M | $190.0M |
| YoY Change | -0.55% | -15.26% | -19.49% |
| Gross Profit Margin | 19.35% | 17.63% | 18.81% |
| Selling, General & Admin | $154.0M | $145.0M | $153.0M |
| YoY Change | 6.94% | -5.23% | -4.97% |
| % of Gross Profit | 85.56% | 90.06% | 80.53% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $17.00M | $16.00M | $18.00M |
| YoY Change | -5.56% | -11.11% | -14.29% |
| % of Gross Profit | 9.44% | 9.94% | 9.47% |
| Operating Expenses | $154.0M | $161.0M | $153.0M |
| YoY Change | -4.94% | 5.23% | -15.93% |
| Operating Profit | $0.00 | $0.00 | $5.000M |
| YoY Change | -100.0% | -100.0% | -90.74% |
| Interest Expense | -$8.000M | -$8.000M | -$8.000M |
| YoY Change | 0.0% | 0.0% | |
| % of Operating Profit | -160.0% | ||
| Other Income/Expense, Net | $0.00 | -$1.000M | |
| YoY Change | |||
| Pretax Income | -$8.000M | -$21.00M | -$3.000M |
| YoY Change | -233.33% | 600.0% | -105.88% |
| Income Tax | -$1.000M | -$6.000M | -$3.000M |
| % Of Pretax Income | |||
| Net Earnings | -$7.000M | -$15.00M | $0.00 |
| YoY Change | -333.33% | -100.0% | |
| Net Earnings / Revenue | -0.75% | -1.64% | 0.0% |
| Basic Earnings Per Share | -$0.06 | -$0.13 | $0.00 |
| Diluted Earnings Per Share | -$0.06 | -$0.13 | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 117.5M shares | 117.1M shares | 116.6M shares |
| Diluted Shares Outstanding | 117.6M shares | 117.2M shares | 119.4M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $7.000M | $7.000M | $121.0M |
| YoY Change | -94.35% | -94.21% | 163.04% |
| Cash & Equivalents | $7.000M | $7.000M | $121.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $44.00M | $47.00M | $46.00M |
| YoY Change | -10.2% | 2.17% | 9.52% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $725.0M | $716.0M | $862.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $776.0M | $770.0M | $1.029B |
| YoY Change | -15.28% | -25.17% | -21.21% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $328.0M | $321.0M | $269.0M |
| YoY Change | 17.14% | 19.33% | 8.47% |
| Goodwill | $630.0M | $630.0M | $630.0M |
| YoY Change | 0.0% | 0.0% | |
| Intangibles | $62.00M | $65.00M | $76.00M |
| YoY Change | -15.07% | -14.47% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $17.00M | $13.00M | $14.00M |
| YoY Change | 30.77% | -7.14% | -17.65% |
| Total Long-Term Assets | $1.037B | $1.029B | $989.0M |
| YoY Change | 4.12% | 4.04% | -0.1% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $776.0M | $770.0M | $1.029B |
| Total Long-Term Assets | $1.037B | $1.029B | $989.0M |
| Total Assets | $1.813B | $1.799B | $2.018B |
| YoY Change | -5.18% | -10.85% | -12.11% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $382.0M | $372.0M | $496.0M |
| YoY Change | -11.57% | -25.0% | -32.43% |
| Accrued Expenses | $197.0M | $274.0M | $265.0M |
| YoY Change | -23.64% | 3.4% | -18.21% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $16.00M | $16.00M | $4.000M |
| YoY Change | 300.0% | 300.0% | |
| Total Short-Term Liabilities | $662.0M | $674.0M | $820.0M |
| YoY Change | -5.29% | -17.8% | -22.86% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $370.0M | $351.0M | $451.0M |
| YoY Change | -17.96% | -22.17% | |
| Other Long-Term Liabilities | $42.00M | $191.0M | $37.00M |
| YoY Change | -73.08% | 416.22% | -73.19% |
| Total Long-Term Liabilities | $572.0M | $542.0M | $613.0M |
| YoY Change | -5.77% | -11.58% | 344.2% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $662.0M | $674.0M | $820.0M |
| Total Long-Term Liabilities | $572.0M | $542.0M | $613.0M |
| Total Liabilities | $1.234B | $1.217B | $1.433B |
| YoY Change | -6.73% | -15.07% | 14.37% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$16.00M | -$9.000M | $2.000M |
| YoY Change | -420.0% | -550.0% | |
| 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 | $579.0M | $582.0M | $585.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.813B | $1.799B | $2.018B |
| YoY Change | -5.18% | -10.85% | -12.11% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$7.000M | -$15.00M | $0.00 |
| YoY Change | -333.33% | -100.0% | |
| Depreciation, Depletion And Amortization | $17.00M | $16.00M | $18.00M |
| YoY Change | -5.56% | -11.11% | -14.29% |
| Cash From Operating Activities | -$5.000M | $7.000M | $42.00M |
| YoY Change | -120.83% | -83.33% | -59.22% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $11.00M | $11.00M | $12.00M |
| YoY Change | -31.25% | -8.33% | 0.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$11.00M | -$11.00M | -$12.00M |
| YoY Change | -31.25% | -8.33% | 0.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 16.00M | 6.000M | -$8.000M |
| YoY Change | -420.0% | -175.0% | -89.19% |
| NET CHANGE | |||
| Cash From Operating Activities | -5.000M | 7.000M | $42.00M |
| Cash From Investing Activities | -11.00M | -11.00M | -$12.00M |
| Cash From Financing Activities | 16.00M | 6.000M | -$8.000M |
| Net Change In Cash | 0.000 | 2.000M | $23.00M |
| YoY Change | -100.0% | -91.3% | 35.29% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.000M | $7.000M | $42.00M |
| Capital Expenditures | $11.00M | $11.00M | $12.00M |
| Free Cash Flow | -$16.00M | -$4.000M | $30.00M |
| YoY Change | -300.0% | -113.33% | -67.03% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
117544000 | shares |
| CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
117544000 | shares |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
699000000 | usd |
| CY2023Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
759000000 | usd |
| CY2024Q1 | rxo |
Direct Operating Expense Excluding Depreciation Depletion And Amortization
DirectOperatingExpenseExcludingDepreciationDepletionAndAmortization
|
53000000 | usd |
| CY2023Q1 | rxo |
Direct Operating Expense Excluding Depreciation Depletion And Amortization
DirectOperatingExpenseExcludingDepreciationDepletionAndAmortization
|
61000000 | usd |
| CY2024Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
145000000 | usd |
| CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
153000000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16000000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18000000 | usd |
| CY2024Q1 | rxo |
Transaction And Integration Costs
TransactionAndIntegrationCosts
|
1000000 | usd |
| CY2023Q1 | rxo |
Transaction And Integration Costs
TransactionAndIntegrationCosts
|
6000000 | usd |
| CY2024Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
11000000 | usd |
| CY2023Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
39000000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12000000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Other Income
OtherIncome
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Other Income
OtherIncome
|
0 | usd |
| CY2024Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-8000000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-8000000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-21000000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3000000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6000000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
0 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
117217000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116600000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
117217000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119369000 | shares |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-15000000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
0 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16000000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18000000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7000000 | usd |
| CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2000000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-27000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-40000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
14000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-41000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9000000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
21000000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
42000000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
31000000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2000000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
7000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8000000 | usd |
| CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
| CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
23000000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5000000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
98000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
121000000 | usd |
| CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
23000000 | usd |
| CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
10000000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
6000000 | usd |
| CY2024Q1 | rxo |
Cash Paid For Interest
CashPaidForInterest
|
1000000 | usd |
| CY2023Q1 | rxo |
Cash Paid For Interest
CashPaidForInterest
|
0 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
594000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
518000 | shares |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
582000000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
587000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
5000000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
453000 | shares |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
| CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
7000000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
585000000 | usd |
| CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | reportingsegment |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
913000000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1010000000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
913000000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1010000000 | usd |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
61000000 | usd |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
1 | |
| CY2024Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P3Y | |
| CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
6000000 | usd |
| CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
11000000 | usd |
| CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
5000000 | usd |
| CY2024Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
12000000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
375000000 | usd |
| CY2024Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
367000000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
367000000 | usd |
| CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
359000000 | usd |
| CY2024Q1 | us-gaap |
Debt Current
DebtCurrent
|
16000000 | usd |
| CY2024Q1 | us-gaap |
Debt Current
DebtCurrent
|
16000000 | usd |
| CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
3000000 | usd |
| CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
3000000 | usd |
| CY2024Q1 | rxo |
Debt Instrument Face Amount Non Current
DebtInstrumentFaceAmountNonCurrent
|
359000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
351000000 | usd |
| CY2023Q4 | rxo |
Debt Instrument Face Amount Non Current
DebtInstrumentFaceAmountNonCurrent
|
364000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
356000000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
8000000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-15000000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-15000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
0 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
0 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
117217000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116600000 | shares |
| CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2769000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
117217000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119369000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2514 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
925 | shares |
