$XPO
XPO, Inc.

2024 Q2 Form 10-Q Financial Statement

#000116600324000066 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.079B $2.018B
YoY Change 8.45% 5.82%
Cost Of Revenue $838.0M $851.0M
YoY Change 0.48% -3.73%
Gross Profit $1.241B $1.167B
YoY Change 14.59% 14.08%
Gross Profit Margin 59.69% 57.83%
Selling, General & Admin $875.0M $853.0M
YoY Change 9.65% 9.78%
% of Gross Profit 70.51% 73.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $122.0M $117.0M
YoY Change 14.02% 15.84%
% of Gross Profit 9.83% 10.03%
Operating Expenses $1.030B $1.008B
YoY Change 8.31% 9.33%
Operating Profit $197.0M $138.0M
YoY Change 84.11% 137.93%
Interest Expense -$56.00M $58.00M
YoY Change -230.23% 38.1%
% of Operating Profit -28.43% 42.03%
Other Income/Expense, Net $6.000M $10.00M
YoY Change 100.0% 100.0%
Pretax Income $147.0M $90.00M
YoY Change 234.09% 328.57%
Income Tax -$3.000M $23.00M
% Of Pretax Income -2.04% 25.56%
Net Earnings $150.0M $67.00M
YoY Change 354.55% 378.57%
Net Earnings / Revenue 7.22% 3.32%
Basic Earnings Per Share $1.29 $0.58
Diluted Earnings Per Share $1.25 $0.56
COMMON SHARES
Basic Shares Outstanding 116.3M shares 116.1M shares
Diluted Shares Outstanding 120.0M shares 120.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.0M $229.0M
YoY Change -13.79% -25.89%
Cash & Equivalents $250.0M $229.0M
Short-Term Investments
Other Short-Term Assets $210.0M $222.0M
YoY Change -6.25% 0.45%
Inventory
Prepaid Expenses
Receivables $1.088B $1.077B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.548B $1.528B
YoY Change 1.71% -2.36%
LONG-TERM ASSETS
Property, Plant & Equipment $3.305B $3.257B
YoY Change 62.25% 64.66%
Goodwill $1.481B $1.484B
YoY Change -0.8% 0.07%
Intangibles $392.0M $406.0M
YoY Change 2.35% 2.53%
Long-Term Investments
YoY Change
Other Assets $262.0M $201.0M
YoY Change 23.0% -3.83%
Total Long-Term Assets $6.182B $6.076B
YoY Change 27.99% 27.03%
TOTAL ASSETS
Total Short-Term Assets $1.548B $1.528B
Total Long-Term Assets $6.182B $6.076B
Total Assets $7.729B $7.603B
YoY Change 21.68% 19.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $477.0M $570.0M
YoY Change 2.8% 12.87%
Accrued Expenses $901.0M $911.0M
YoY Change -0.99% 1.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $64.00M $63.00M
YoY Change -3.03% -4.55%
Total Short-Term Liabilities $1.542B $1.622B
YoY Change 0.59% 4.92%
LONG-TERM LIABILITIES
Long-Term Debt $3.330B $3.323B
YoY Change 35.81% 34.1%
Other Long-Term Liabilities $294.0M $297.0M
YoY Change 11.36% 12.5%
Total Long-Term Liabilities $4.688B $4.649B
YoY Change 26.7% 24.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.542B $1.622B
Total Long-Term Liabilities $4.688B $4.649B
Total Liabilities $6.230B $6.271B
YoY Change 19.05% 18.48%
SHAREHOLDERS EQUITY
Retained Earnings $402.0M $252.0M
YoY Change 834.88% 2420.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.499B $1.332B
YoY Change
Total Liabilities & Shareholders Equity $7.729B $7.603B
YoY Change 21.68% 19.77%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $150.0M $67.00M
YoY Change 354.55% 378.57%
Depreciation, Depletion And Amortization $122.0M $117.0M
YoY Change 14.02% 15.84%
Cash From Operating Activities $211.0M $145.0M
YoY Change 61.07% 113.24%
INVESTING ACTIVITIES
Capital Expenditures $190.0M $306.0M
YoY Change 45.04% 36.61%
Acquisitions
YoY Change
Other Investing Activities $6.000M $7.000M
YoY Change 20.0% -12.5%
Cash From Investing Activities -$184.0M -$299.0M
YoY Change 46.03% 38.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.000M -$29.00M
YoY Change -76.92% 222.22%
NET CHANGE
Cash From Operating Activities 211.0M 145.0M
Cash From Investing Activities -184.0M -299.0M
Cash From Financing Activities -6.000M -$29.00M
Net Change In Cash 21.00M -$183.0M
YoY Change -200.0% 18.06%
FREE CASH FLOW
Cash From Operating Activities $211.0M $145.0M
Capital Expenditures $190.0M $306.0M
Free Cash Flow $21.00M -$161.0M
YoY Change 3.21%

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