RXO, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 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 Oct 29, 2026
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
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Operating activities | ||
| Net loss | $(42) | $(54) |
| Adjustments to reconcile net loss to net cash from operating activities | ||
| Depreciation and amortization expense | 80 | 88 |
| Stock compensation expense | 21 | 22 |
| Deferred tax benefit | (12) | (15) |
| Impairment of operating lease assets | 1 | 3 |
| Debt extinguishment loss | 11 | — |
| Other | 8 | 7 |
| Changes in assets and liabilities | ||
| Accounts receivable | (261) | 120 |
| Other current assets and other long-term assets | (35) | 20 |
| Accounts payable | 175 | (74) |
| Accrued expenses, other current liabilities and other long-term liabilities | 32 | (73) |
| Net cash provided by (used in) operating activities | (22) | 44 |
| Investing activities | ||
| Payment for purchases of property and equipment | (42) | (43) |
| Proceeds from sale of property and equipment | — | 1 |
| Business acquisition, net of cash acquired | — | (10) |
| Other | — | (4) |
| Net cash used in investing activities | (42) | (56) |
| Financing activities | ||
| Proceeds from borrowings on revolving credit facilities | 931 | 471 |
| Repayment of borrowings on revolving credit facilities | (882) | (438) |
| Proceeds from issuance of debt | 400 | — |
| Repurchase of debt | (362) | — |
| Repayment of debt and finance leases | (2) | (1) |
| Payment for debt issuance costs | (9) | — |
| Payment for equity issuance costs | — | (1) |
| Payment for tax withholdings related to vesting of stock compensation awards | (4) | (20) |
| Other | — | (10) |
| Net cash provided by financing activities | 72 | 1 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | — | 2 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 8 | (9) |
| Cash, cash equivalents, and restricted cash, beginning of period | 18 | 35 |
| Cash, cash equivalents, and restricted cash, end of period | $26 | $26 |
| Supplemental disclosure of cash flow information: | ||
| Leased assets obtained in exchange for new operating lease liabilities | $37 | $38 |
| Leased assets obtained in exchange for new finance lease liabilities | 1 | — |
| Cash paid for income taxes, net | 6 | 6 |
| Cash paid for interest, net | 14 | 17 |
| Purchases of property and equipment in accounts payable, accrued expenses and other liabilities | 2 | 12 |
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