RXO Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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, 2024 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Operating activities | ||
| Net income (loss) | $(265) | $2 |
| Adjustments to reconcile net income (loss) to net cash from operating activities | ||
| Depreciation and amortization expense | 54 | 52 |
| Stock compensation expense | 17 | 16 |
| Deferred tax benefit | (12) | (1) |
| Deemed non-pro rata distribution | 216 | — |
| Other | 3 | 4 |
| Changes in assets and liabilities | ||
| Accounts receivable | (8) | 114 |
| Other assets | 22 | (13) |
| Accounts payable | (47) | (56) |
| Accrued expenses and other liabilities | 15 | (48) |
| Net cash provided by (used in) operating activities | (5) | 70 |
| Investing activities | ||
| Payment for purchases of property and equipment | (33) | (46) |
| Business acquisition, net of cash acquired | (1,019) | — |
| Other | — | (1) |
| Net cash used in investing activities | (1,052) | (47) |
| Financing activities | ||
| Proceeds from borrowings on revolving credit facilities | 203 | — |
| Repayment of borrowings on revolving credit facilities | (193) | — |
| Proceeds from issuance of common stock and pre-funded warrants | 1,125 | — |
| Payment for equity issuance costs | (30) | — |
| Payment for tax withholdings related to vesting of stock compensation awards | (4) | (12) |
| Repurchase of common stock | — | (2) |
| Repayment of debt and finance leases | (3) | (3) |
| Other | 9 | — |
| Net cash provided by (used in) financing activities | 1,107 | (17) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | — | — |
| Net increase in cash, cash equivalents and restricted cash | 50 | 6 |
| Cash, cash equivalents, and restricted cash, beginning of period | 5 | 98 |
| Cash, cash equivalents, and restricted cash, end of period | $55 | $104 |
| Supplemental disclosure of cash flow information: | ||
| Leased assets obtained in exchange for new operating lease liabilities | $97 | $60 |
| Leased assets obtained in exchange for new finance lease liabilities | — | 1 |
| Cash paid for income taxes, net | 3 | 25 |
| Cash paid for interest, net | 13 | 18 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.