GXO Logistics, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 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
| Six Months Ended June 30, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $32 | $(67) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization expense | 232 | 219 |
| Stock-based compensation expense | 23 | 23 |
| Deferred tax benefit | (1) | (25) |
| Other | (8) | 7 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (63) | 18 |
| Other assets | (36) | 39 |
| Accounts payable | (44) | (151) |
| Accrued expenses and other liabilities | (28) | (31) |
| Net cash provided by operating activities | 107 | 32 |
| Cash flows from investing activities: | ||
| Capital expenditures | (130) | (125) |
| Proceeds from sale of property and equipment | 4 | 2 |
| Net cash used in investing activities | (126) | (123) |
| Cash flows from financing activities: | ||
| Common stock repurchased and excise tax paid | (18) | (200) |
| Net borrowings under revolving credit facilities | — | 8 |
| Repayments of debt | — | (55) |
| Repayments of finance lease obligations | (25) | (24) |
| Proceeds from exercise of stock options | 7 | — |
| Taxes paid related to net share settlement of equity awards | (17) | (7) |
| Net obligations under factoring arrangements | (10) | (12) |
| Net changes in bank overdraft positions | 1 | 64 |
| Other | — | (1) |
| Net cash used in financing activities | (62) | (227) |
| Effect of exchange rates on cash and cash equivalents | (3) | 40 |
| Net decrease in cash, restricted cash and cash equivalents | (84) | (278) |
| Cash, restricted cash and cash equivalents, beginning of period | 857 | 485 |
| Cash, restricted cash and cash equivalents, end of period | $773 | $207 |
| Non-cash financing activities: | ||
| Excise tax liability related to stock repurchases | $— | $2 |
| Reconciliation of cash, restricted cash and cash equivalents | June 30, 2026 | December 31, 2025 |
| Cash and cash equivalents | $769 | $854 |
| Restricted Cash (included in Other current assets) | 3 | 2 |
| Restricted Cash (included in Other long-term assets) | 1 | 1 |
| Total cash, restricted cash and cash equivalents | $773 | $857 |
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