GXO Logistics, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 2025
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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income (loss) | $(7) | $38 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization expense | 337 | 302 |
| Stock-based compensation expense | 34 | 30 |
| Deferred tax benefit | (24) | (37) |
| Other | 11 | 11 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (76) | 50 |
| Other assets | 40 | (21) |
| Accounts payable | (91) | (29) |
| Accrued expenses and other liabilities | 40 | 19 |
| Net cash provided by operating activities | 264 | 363 |
| Cash flows from investing activities: | ||
| Capital expenditures | (269) | (255) |
| Proceeds from sale of property and equipment | 101 | 16 |
| Acquisition of businesses, net of cash acquired | — | (863) |
| Cross-currency swap agreements settlement | (1) | (5) |
| Net cash used in investing activities | (169) | (1,107) |
| Cash flows from financing activities: | ||
| Common stock repurchased | (200) | — |
| Proceeds from debt, net | — | 1,085 |
| Net borrowings under revolving credit facilities | 38 | (66) |
| Repayments of debt, net | (56) | (150) |
| Repayments of finance lease obligations | (38) | (32) |
| Taxes paid related to net share settlement of equity awards | (8) | (8) |
| Other | (2) | — |
| Net cash provided by (used in) financing activities | (266) | 829 |
| Effect of exchange rates on cash and cash equivalents | 30 | 14 |
| Net increase (decrease) in cash, restricted cash and cash equivalents | (141) | 99 |
| Cash, restricted cash and cash equivalents, beginning of period | 485 | 470 |
| Cash, restricted cash and cash equivalents, end of period | $344 | $569 |
| Reconciliation of cash, restricted cash and cash equivalents | ||
| Cash and cash equivalents | $339 | $548 |
| Restricted Cash (included in Other current assets) | 3 | — |
| Restricted Cash (included in Other long-term assets) | 2 | 21 |
| Total cash, restricted cash and cash equivalents | $344 | $569 |
| Non-cash financing activities: | ||
| Excise tax liability related to stock repurchases | $2 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.