GXO Logistics, Inc. (GXO) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO AMERICAN LANE
GREENWICH, CT 06831
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments495333
Cash and cash equivalents495333
Receivables1,6471,507
Other current assets286259
Total current assets:2,4282,099
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization123155
Operating lease, right-of-use asset2,2271,772
Intangible assets, net (including goodwill)3,2982,274
Goodwill2,7282,017
Intangible assets, net (excluding goodwill)570257
Contract with customer, asset, after allowance for credit loss  
Deferred income tax assets 4348
Other noncurrent assets306263
Other undisclosed noncurrent assets794660
Total noncurrent assets:6,7915,172
TOTAL ASSETS:9,2197,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7121,622
Accounts payable717624
Accrued liabilities995998
Deferred revenue  
Debt6734
Other liabilities193220
Other undisclosed current liabilities560453
Total current liabilities:2,5322,329
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,739927
Finance lease, liability97133
Other undisclosed long-term debt and lease obligation1,642(597)
Liabilities, other than long-term debt, including:288220
Deferred income tax liabilities 16071
Other liabilities417234
Operating lease, liability1,8531,391
Other undisclosed liabilities, other than long-term debt (2,142)(85)
Other undisclosed noncurrent liabilities 1,9821,405
Total noncurrent liabilities:4,0092,552
Total liabilities:6,5414,881
Equity
Equity, attributable to parent2,6452,351
Common stock11
Additional paid in capital2,5752,354
Accumulated other comprehensive loss(254)(130)
Retained earnings323126
Equity, attributable to noncontrolling interest3339
Total equity:2,6782,390
TOTAL LIABILITIES AND EQUITY:9,2197,271

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues8,9937,940
Cost of revenue
(Cost of Goods and Services Sold)
(7,443)(6,637)
Gross profit:1,5501,303
Operating expenses(1,247)(1,053)
Other undisclosed operating loss(61)(99)
Operating income:242151
Nonoperating income
(Other Nonoperating income)
5123
Interest and debt expense(29)(21)
Income from continuing operations before income taxes:264153
Income tax expense (benefit)(64)8
Income from continuing operations:200161
Income before gain (loss) on sale of properties:161
Net income:200161
Net loss attributable to noncontrolling interest(3)(8)
Net income available to common stockholders, diluted:197153

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:200161
Other comprehensive loss(127)(39)
Comprehensive income:73122
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(7)
Comprehensive income, net of tax, attributable to parent:71115

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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