XPO Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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FY2024 · Filed Feb 7, 2025
XPO$188.21+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In millions, except per share data) | 2024 | 2023 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $246 | $412 |
| Accounts receivable, net of allowances of $50 and $45, respectively | 977 | 973 |
| Other current assets | 283 | 208 |
| Total current assets | 1,505 | 1,593 |
| Long-term assets | ||
| Property and equipment, net of $2,019 and $1,853 in accumulated depreciation, respectively | 3,402 | 3,075 |
| Operating lease assets | 727 | 708 |
| Goodwill | 1,461 | 1,498 |
| Identifiable intangible assets, net of $499 and $452 in accumulated amortization, respectively | 361 | 422 |
| Other long-term assets | 254 | 196 |
| Total long-term assets | 6,206 | 5,899 |
| Total assets | $7,712 | $7,492 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $477 | $532 |
| Accrued expenses | 708 | 775 |
| Short-term borrowings and current maturities of long-term debt | 62 | 69 |
| Short-term operating lease liabilities | 127 | 121 |
| Other current liabilities | 46 | 93 |
| Total current liabilities | 1,420 | 1,590 |
| Long-term liabilities | ||
| Long-term debt | 3,325 | 3,335 |
| Deferred tax liability | 393 | 337 |
| Employee benefit obligations | 85 | 91 |
| Long-term operating lease liabilities | 603 | 588 |
| Other long-term liabilities | 283 | 285 |
| Total long-term liabilities | 4,690 | 4,636 |
| Stockholders’ equity | ||
| Common stock, $0.001 par value; 300 shares authorized; 117 and 116 shares issued and outstanding as of December 31, 2024 and 2023, respectively | — | — |
| Additional paid-in capital | 1,274 | 1,298 |
| Retained earnings | 572 | 185 |
| Accumulated other comprehensive loss | (246) | (217) |
| Total equity | 1,601 | 1,266 |
| Total liabilities and equity | $7,712 | $7,492 |
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