RXO Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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, 2024 · Filed May 7, 2024
RXO$27.93+0.0%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) | 2024 | 2023 |
| Operating activities | ||
| Net income (loss) | $(15) | $— |
| Adjustments to reconcile net income (loss) to net cash from operating activities | ||
| Depreciation and amortization expense | 16 | 18 |
| Stock compensation expense | 5 | 5 |
| Deferred tax benefit | (7) | — |
| Other | 2 | 1 |
| Changes in assets and liabilities | ||
| Accounts receivable | 27 | 40 |
| Other assets | (1) | (14) |
| Accounts payable | (41) | (9) |
| Accrued expenses and other liabilities | 21 | 1 |
| Net cash provided by operating activities | 7 | 42 |
| Investing activities | ||
| Payment for purchases of property and equipment | (11) | (12) |
| Net cash used in investing activities | (11) | (12) |
| Financing activities | ||
| Proceeds from borrowings on revolving credit facilities | 39 | — |
| Repayment of borrowings on revolving credit facilities | (31) | — |
| Payment for tax withholdings related to vesting of stock compensation awards | (2) | (7) |
| Other | — | (1) |
| Net cash provided by (used in) financing activities | 6 | (8) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | — | 1 |
| Net increase in cash, cash equivalents and restricted cash | 2 | 23 |
| Cash, cash equivalents, and restricted cash, beginning of period | 5 | 98 |
| Cash, cash equivalents, and restricted cash, end of period | $7 | $121 |
| Supplemental disclosure of cash flow information: | ||
| Leased assets obtained in exchange for new operating lease liabilities | $23 | $10 |
| Cash paid for income taxes, net | 1 | 6 |
| Cash paid for interest, net | 1 | — |
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