RXO Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 13, 2024
RXO$27.93+0.0%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
Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| (Dollars in millions, shares in thousands, except per share amounts) | 2023 | 2022 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $5 | $98 |
| Accounts receivable, net of $12 and $13 in allowances, respectively | 743 | 900 |
| Other current assets | 48 | 31 |
| Total current assets | 796 | 1,029 |
| Long-term assets | ||
| Property and equipment, net of $293 and $241 in accumulated depreciation, respectively | 124 | 119 |
| Operating lease assets | 195 | 159 |
| Goodwill | 630 | 630 |
| Identifiable intangible assets, net of $118 and $106 in accumulated amortization, respectively | 68 | 79 |
| Other long-term assets | 12 | 15 |
| Total long-term assets | 1,029 | 1,002 |
| Total assets | $1,825 | $2,031 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $414 | $501 |
| Accrued expenses | 199 | 256 |
| Current maturities of long-term debt | 3 | 4 |
| Short-term operating lease liabilities | 53 | 48 |
| Other current liabilities | 13 | 14 |
| Total current liabilities | 682 | 823 |
| Long-term liabilities | ||
| Long-term debt and obligations under finance leases | 356 | 451 |
| Deferred tax liability | 7 | 16 |
| Long-term operating lease liabilities | 146 | 114 |
| Other long-term liabilities | 40 | 40 |
| Total long-term liabilities | 549 | 621 |
| Commitments and Contingencies (Note 15) | ||
| Equity | ||
| Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Common stock, $0.01 par value; 300,000 shares authorized; 117,026 and 116,400 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 1 | 1 |
| Additional paid-in capital | 590 | 588 |
| Retained earnings | 6 | 2 |
| Accumulated other comprehensive loss | (3) | (4) |
| Total equity | 594 | 587 |
| Total liabilities and equity | $1,825 | $2,031 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.