GXO Logistics Inc

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About 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 15, 2024

GXO$55.32-1.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December 31, 202 and

Consolidated Balance Sheets

	December 31,
(Dollars in millions, shares in thousands, except per share amounts)	2023	2022
ASSETS
Current assets
Cash and cash equivalents	$468	$495
Accounts receivable, net of allowance of $11 and $12	1,753	1,647
Other current assets	347	286
Total current assets	2,568	2,428
Long-term assets
Property and equipment, net of accumulated depreciation of $1,545 and $1,297	953	960
Operating lease assets	2,201	2,227
Goodwill	2,891	2,728
Intangible assets, net of accumulated amortization of $528 and $456	567	570
Other long-term assets	327	306
Total long-term assets	6,939	6,791
Total assets	$9,507	$9,219
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$709	$717
Accrued expenses	966	995
Current debt	27	67
Current operating lease liabilities	597	560
Other current liabilities	327	193
Total current liabilities	2,626	2,532
Long-term liabilities
Long-term debt	1,620	1,739
Long-term operating lease liabilities	1,842	1,853
Other long-term liabilities	473	417
Total long-term liabilities	3,935	4,009
Commitments and Contingencies (Note 17)
Stockholders’ Equity
Common Stock, $0.01 par value per share; 300,000 shares authorized, 119,057 and 118,728 shares issued and outstanding	1	1
Preferred Stock, $0.01 par value per share; 10,000 shares authorized, none issued and outstanding	—	—
Additional Paid-In Capital (“APIC”)	2,598	2,575
Retained earnings	552	323
Accumulated Other Comprehensive Income (Loss) (“AOCIL”)	(239)	(254)
Total stockholders’ equity before NCI	2,912	2,645
NCI	34	33
Total equity	2,946	2,678
Total liabilities and equity	$9,507	$9,219

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.