GXO Logistics Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
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, 2024 · Filed Nov 5, 2024
GXO$55.32-1.4%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
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (Dollars in millions, shares in thousands, except per share amounts) | 2024 | 2023 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $548 | $468 |
| Accounts receivable, net of allowance of $14 and $11 | 1,968 | 1,753 |
| Other current assets | 443 | 347 |
| Total current assets | 2,959 | 2,568 |
| Long-term assets | ||
| Property and equipment, net of accumulated depreciation of $1,723 and $1,545 | 1,161 | 953 |
| Operating lease assets | 2,501 | 2,201 |
| Goodwill | 3,676 | 2,891 |
| Intangible assets, net of accumulated amortization of $612 and $528 | 1,061 | 567 |
| Other long-term assets | 542 | 327 |
| Total long-term assets | 8,941 | 6,939 |
| Total assets | $11,900 | $9,507 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable | $748 | $709 |
| Accrued expenses | 1,411 | 966 |
| Current debt | 223 | 27 |
| Current operating lease liabilities | 681 | 597 |
| Other current liabilities | 369 | 327 |
| Total current liabilities | 3,432 | 2,626 |
| Long-term liabilities | ||
| Long-term debt | 2,556 | 1,620 |
| Long-term operating lease liabilities | 2,067 | 1,842 |
| Other long-term liabilities | 704 | 473 |
| Total long-term liabilities | 5,327 | 3,935 |
| Commitments and Contingencies (Note 13) | ||
| Stockholders’ Equity | ||
| Common Stock, $0.01 par value per share; 300,000 shares authorized, 119,472 and 119,057 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”) | 2,620 | 2,598 |
| Retained earnings | 586 | 552 |
| Accumulated Other Comprehensive Income (Loss) (“AOCIL”) | (101) | (239) |
| Total stockholders’ equity before NCI | 3,106 | 2,912 |
| NCI | 35 | 34 |
| Total equity | 3,141 | 2,946 |
| Total liabilities and equity | $11,900 | $9,507 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.