GXO Logistics, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $97 | $(7) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization expense | 347 | 337 |
| Stock-based compensation expense | 35 | 34 |
| Deferred tax benefit | (20) | (24) |
| Other | (11) | 11 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (215) | (76) |
| Other assets | (39) | 40 |
| Accounts payable | (4) | (91) |
| Accrued expenses and other liabilities | 73 | 40 |
| Net cash provided by operating activities | 263 | 264 |
| Cash flows from investing activities: | ||
| Capital expenditures | (204) | (269) |
| Proceeds from the sale of property and equipment | 7 | 101 |
| Cash paid in connection with divestiture | (38) | — |
| Cross-currency swap agreements settlement | — | (1) |
| Net cash used in investing activities | (235) | (169) |
| Cash flows from financing activities: | ||
| Common stock repurchased and excise tax paid | (102) | (200) |
| Net borrowings under revolving credit facilities | — | 38 |
| Repayments of long-term and other debt | (401) | (56) |
| Repayments of finance lease obligations | (46) | (38) |
| Proceeds from exercise of stock options | 7 | — |
| Taxes paid related to net share settlement of equity awards | (18) | (8) |
| Obligations under factoring arrangements | 20 | (2) |
| Other | 4 | — |
| Net cash used in financing activities | (536) | (266) |
| Effect of exchange rates on cash and cash equivalents | (6) | 30 |
| Net decrease in cash, restricted cash and cash equivalents | (514) | (141) |
| Cash, restricted cash and cash equivalents, beginning of period | 857 | 485 |
| Cash, restricted cash and cash equivalents, end of period | $343 | $344 |
| Non-cash financing activities: | ||
| Excise tax liability related to stock repurchases | $1 | $2 |
| Reconciliation of cash, restricted cash and cash equivalents | September 30, 2026 | December 31, 2025 |
| Cash and cash equivalents | $340 | $854 |
| Restricted cash | 3 | 3 |
| Total cash, restricted cash and cash equivalents | $343 | $857 |
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