XPO Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 8, 2024
XPO$188.21+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In millions, except per share data) | 2023 | 2022 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $412 | $460 |
| Accounts receivable, net of allowances of $45 and $43, respectively | 973 | 954 |
| Other current assets | 208 | 199 |
| Current assets of discontinued operations | — | 17 |
| Total current assets | 1,593 | 1,630 |
| Long-term assets | ||
| Property and equipment, net of $1,853 and $1,679 in accumulated depreciation, respectively | 3,075 | 1,832 |
| Operating lease assets | 708 | 719 |
| Goodwill | 1,498 | 1,472 |
| Identifiable intangible assets, net of $452 and $392 in accumulated amortization, respectively | 422 | 407 |
| Other long-term assets | 196 | 209 |
| Total long-term assets | 5,899 | 4,639 |
| Total assets | $7,492 | $6,269 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $532 | $521 |
| Accrued expenses | 775 | 774 |
| Short-term borrowings and current maturities of long-term debt | 69 | 59 |
| Short-term operating lease liabilities | 121 | 107 |
| Other current liabilities | 93 | 30 |
| Current liabilities of discontinued operations | — | 16 |
| Total current liabilities | 1,590 | 1,507 |
| Long-term liabilities | ||
| Long-term debt | 3,335 | 2,473 |
| Deferred tax liability | 337 | 319 |
| Employee benefit obligations | 91 | 93 |
| Long-term operating lease liabilities | 588 | 606 |
| Other long-term liabilities | 285 | 259 |
| Total long-term liabilities | 4,636 | 3,750 |
| Stockholders’ equity | ||
| Common stock, $0.001 par value; 300 shares authorized; 116 and 115 shares issued and outstanding as of December 31, 2023 and 2022, respectively | — | — |
| Additional paid-in capital | 1,298 | 1,238 |
| Retained earnings (accumulated deficit) | 185 | (4) |
| Accumulated other comprehensive loss | (217) | (222) |
| Total equity | 1,266 | 1,012 |
| Total liabilities and equity | $7,492 | $6,269 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.