XPO, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $444 | $257 |
| Adjustments to reconcile net income to net cash from operating activities | ||
| Depreciation and amortization | 398 | 388 |
| Stock compensation expense | 45 | 46 |
| Accretion of debt | 8 | 8 |
| Deferred tax expense | 35 | 72 |
| Gains on sales of property and equipment | (6) | (2) |
| Other | 25 | 19 |
| Changes in assets and liabilities | ||
| Accounts receivable | (256) | (106) |
| Other assets | 32 | 18 |
| Accounts payable | 47 | (14) |
| Accrued expenses and other liabilities | 133 | 76 |
| Net cash provided by operating activities | 906 | 760 |
| Cash flows from investing activities | ||
| Payment for purchases of property and equipment | (369) | (551) |
| Proceeds from sale of property and equipment | 40 | 18 |
| Payment for settlement of cross-currency swaps | (3) | — |
| Net cash used in investing activities | (331) | (532) |
| Cash flows from financing activities | ||
| Proceeds from issuance of debt | 885 | — |
| Repayment of debt | (1,085) | (50) |
| Repayment of finance leases and other debt | (60) | (56) |
| Payment for debt issuance costs | (1) | (3) |
| Repurchase of common stock | (250) | (57) |
| Change in bank overdrafts | 9 | 24 |
| Payment for tax withholdings for restricted shares | (124) | (47) |
| Other | 4 | 3 |
| Net cash used in financing activities | (622) | (185) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 1 | (1) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (46) | 42 |
| Cash, cash equivalents and restricted cash, beginning of period | 330 | 298 |
| Cash, cash equivalents and restricted cash, end of period | $284 | $341 |
| Supplemental disclosure of cash flow information | ||
| Unsettled repurchase of common stock | $— | $(3) |
| Leased assets obtained in exchange for new operating lease liabilities | 191 | 155 |
| Leased assets obtained in exchange for new finance lease liabilities | 26 | 34 |
| Assets recognized during construction period under financing arrangements | 31 | — |
| Cash paid for interest | 145 | 158 |
| Cash paid (received) for income taxes, net of refunds | 58 | (11) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.