$XPO
XPO, Inc.

2023 Q4 Form 10-Q Financial Statement

#000116600323000075 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.940B $1.980B
YoY Change 5.95% -34.91%
Cost Of Revenue $822.0M $843.0M
YoY Change -83.38% -58.76%
Gross Profit $1.118B $1.137B
YoY Change -59.68% 13.93%
Gross Profit Margin 57.63% 57.42%
Selling, General & Admin $820.0M $824.0M
YoY Change 20.94% 176.51%
% of Gross Profit 73.35% 72.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.0M $110.0M
YoY Change 165.12% -6.78%
% of Gross Profit 10.2% 9.67%
Operating Expenses $972.0M $973.0M
YoY Change -57.44% 226.51%
Operating Profit $119.0M $154.0M
YoY Change 2875.0% -16.76%
Interest Expense -$42.00M $41.00M
YoY Change -68.89% 17.14%
% of Operating Profit -35.29% 26.62%
Other Income/Expense, Net $3.000M $4.000M
YoY Change -94.55% -73.33%
Pretax Income $78.00M $117.0M
YoY Change -69.77% -29.09%
Income Tax $20.00M $31.00M
% Of Pretax Income 25.64% 26.5%
Net Earnings $58.00M $84.00M
YoY Change -161.7% -35.88%
Net Earnings / Revenue 2.99% 4.24%
Basic Earnings Per Share $0.50 $0.73
Diluted Earnings Per Share $0.49 $0.71
COMMON SHARES
Basic Shares Outstanding 116.0M shares 116.0M shares
Diluted Shares Outstanding 119.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $412.0M $355.0M
YoY Change -10.43% -34.74%
Cash & Equivalents $412.0M $355.0M
Short-Term Investments
Other Short-Term Assets $208.0M $199.0M
YoY Change 4.52% -22.57%
Inventory
Prepaid Expenses
Receivables $973.0M $1.059B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.593B $1.613B
YoY Change -2.27% -43.02%
LONG-TERM ASSETS
Property, Plant & Equipment $3.075B $2.072B
YoY Change 67.85% 13.35%
Goodwill $1.498B $1.465B
YoY Change 1.77% -34.28%
Intangibles $422.0M $366.0M
YoY Change 3.69% -26.21%
Long-Term Investments
YoY Change
Other Assets $196.0M $217.0M
YoY Change -6.22% -28.38%
Total Long-Term Assets $5.899B $4.815B
YoY Change 27.16% -15.11%
TOTAL ASSETS
Total Short-Term Assets $1.593B $1.613B
Total Long-Term Assets $5.899B $4.815B
Total Assets $7.492B $6.428B
YoY Change 19.51% -24.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $532.0M $473.0M
YoY Change 2.11% -53.72%
Accrued Expenses $896.0M $938.0M
YoY Change 1.7% -23.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $69.00M $66.00M
YoY Change 16.95% 10.0%
Total Short-Term Liabilities $1.590B $1.522B
YoY Change 5.51% -37.67%
LONG-TERM LIABILITIES
Long-Term Debt $3.335B $2.447B
YoY Change 34.86% -14.08%
Other Long-Term Liabilities $285.0M $262.0M
YoY Change 10.04% -14.38%
Total Long-Term Liabilities $4.636B $3.709B
YoY Change 23.63% -13.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.590B $1.522B
Total Long-Term Liabilities $4.636B $3.709B
Total Liabilities $6.226B $5.231B
YoY Change 18.43% -22.12%
SHAREHOLDERS EQUITY
Retained Earnings $185.0M $127.0M
YoY Change -4725.0% -84.18%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.266B $1.197B
YoY Change
Total Liabilities & Shareholders Equity $7.492B $6.428B
YoY Change 19.51% -24.4%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $58.00M $84.00M
YoY Change -161.7% -35.88%
Depreciation, Depletion And Amortization $114.0M $110.0M
YoY Change 165.12% -6.78%
Cash From Operating Activities $250.0M $233.0M
YoY Change 44.51% -11.41%
INVESTING ACTIVITIES
Capital Expenditures $1.039B $139.0M
YoY Change 718.11% -209.45%
Acquisitions
YoY Change
Other Investing Activities $10.00M $8.000M
YoY Change -101.59% -42.86%
Cash From Investing Activities -$1.029B -$131.0M
YoY Change 36.11% 15.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 834.0M -35.00M
YoY Change 69.51% 12.9%
NET CHANGE
Cash From Operating Activities 250.0M 233.0M
Cash From Investing Activities -1.029B -131.0M
Cash From Financing Activities 834.0M -35.00M
Net Change In Cash 55.00M 67.00M
YoY Change -160.44% -43.7%
FREE CASH FLOW
Cash From Operating Activities $250.0M $233.0M
Capital Expenditures $1.039B $139.0M
Free Cash Flow -$789.0M $94.00M
YoY Change -1815.22% -75.9%

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RestructuringReserve
22000000 usd
us-gaap Restructuring Charges
RestructuringCharges
29000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
36000000 usd
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1000000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
14000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
19000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
25000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
CY2023Q3 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
2000000 usd
CY2022Q3 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
1000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
8000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
67000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
6000000 usd
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
5000000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
2000000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
29000000 usd
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2615000000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2638000000 usd
CY2023Q3 xpo Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
66000000 usd
CY2022Q4 xpo Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
59000000 usd
CY2023Q3 xpo Long Term Debt And Capital Lease Obligations Excluding Current Maturities And Short Term Debt
LongTermDebtAndCapitalLeaseObligationsExcludingCurrentMaturitiesAndShortTermDebt
2549000000 usd
CY2022Q4 xpo Long Term Debt And Capital Lease Obligations Excluding Current Maturities And Short Term Debt
LongTermDebtAndCapitalLeaseObligationsExcludingCurrentMaturitiesAndShortTermDebt
2579000000 usd
CY2023Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2574000000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2601000000 usd
CY2023Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
86000000 usd
CY2022Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
92000000 usd
CY2023Q3 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-2000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84000000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116000000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119000000 shares
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.74
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.72
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71

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xpo-20230930.htm Edgar Link pending
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xpo2023q310-qexx101.htm Edgar Link pending
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xpo-20230930_lab.xml Edgar Link unprocessable
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xpo-20230930_htm.xml Edgar Link completed
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