GXO Logistics, Inc.
For the period ended Mar 31, 2026. Filed May 6, 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.
Mar 31, 2026 · Filed May 6, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $5 | $(95) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization expense | 115 | 109 |
| Stock-based compensation expense | 10 | 12 |
| Deferred tax benefit | (3) | (10) |
| Other | 2 | 5 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (26) | (49) |
| Other assets | (2) | 91 |
| Accounts payable | (39) | (88) |
| Accrued expenses and other liabilities | (31) | 54 |
| Net cash provided by operating activities | 31 | 29 |
| Cash flows from investing activities: | ||
| Capital expenditures | (65) | (78) |
| Proceeds from sale of property and equipment | 3 | 1 |
| Net cash used in investing activities | (62) | (77) |
| Cash flows from financing activities: | ||
| Common stock repurchased | — | (106) |
| Net borrowings under revolving credit facilities | — | 56 |
| Repayments of finance lease obligations | (14) | (11) |
| Proceeds from exercise of stock options | 7 | — |
| Taxes paid related to net share settlement of equity awards | (15) | (6) |
| Other | (4) | 1 |
| Net cash used in financing activities | (26) | (66) |
| Effect of exchange rates on cash and cash equivalents | (3) | 11 |
| Net decrease in cash, restricted cash and cash equivalents | (60) | (103) |
| Cash, restricted cash and cash equivalents, beginning of period | 857 | 485 |
| Cash, restricted cash and cash equivalents, end of period | $797 | $382 |
| Non-cash financing activities: | ||
| Unsettled stock repurchases for which trades occurred | $— | $4 |
| Excise tax liability related to stock repurchases | — | 1 |
| Reconciliation of cash, restricted cash and cash equivalents | March 31, 2026 | December 31, 2025 |
| Cash and cash equivalents | $794 | $854 |
| Restricted Cash (included in Other current assets) | 2 | 2 |
| Restricted Cash (included in Other long-term assets) | 1 | 1 |
| Total cash, restricted cash and cash equivalents | $797 | $857 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.