SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size 11/09/22 GXO Logistics, Inc. 10-Q 9/30/22 70:7.8M |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.64M 2: EX-31.1 Certification -- §302 - SOA'02 HTML 24K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 24K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 21K 5: EX-32.2 Certification -- §906 - SOA'02 HTML 21K 11: R1 Cover HTML 72K 12: R2 Condensed Consolidated Statements of Operations HTML 104K (Unaudited) 13: R3 Condensed Consolidated Statements of Comprehensive HTML 56K Income (Unaudited) 14: R4 Condensed Consolidated Statements of Comprehensive HTML 26K Income (Unaudited) (Parenthetical) 15: R5 Condensed Consolidated Balance Sheets (Unaudited) HTML 147K 16: R6 Condensed Consolidated Balance Sheets (Unaudited) HTML 46K (Parenthetical) 17: R7 Condensed Consolidated Statements of Cash Flows HTML 101K (Unaudited) 18: R8 Condensed Consolidated Statements of Changes in HTML 101K Equity (Unaudited) 19: R9 Basis of Presentation and Significant Accounting HTML 29K Policies 20: R10 Revenue Recognition HTML 74K 21: R11 Acquisitions HTML 59K 22: R12 Restructuring and Other HTML 29K 23: R13 Leases HTML 117K 24: R14 Goodwill HTML 27K 25: R15 Debt and Financing Arrangements HTML 62K 26: R16 Fair Value Measurements and Financial Instruments HTML 108K 27: R17 Employee Benefit Plans HTML 38K 28: R18 Earnings Per Share HTML 44K 29: R19 Stockholders' Equity HTML 108K 30: R20 Commitments and Contingencies HTML 26K 31: R21 Basis of Presentation and Significant Accounting HTML 27K Policies (Policies) 32: R22 Revenue Recognition (Tables) HTML 75K 33: R23 Acquisitions (Tables) HTML 57K 34: R24 Restructuring and Other (Tables) HTML 27K 35: R25 Leases (Tables) HTML 70K 36: R26 Goodwill (Tables) HTML 29K 37: R27 Debt and Financing Arrangements (Tables) HTML 54K 38: R28 Fair Value Measurements and Financial Instruments HTML 105K (Tables) 39: R29 Employee Benefit Plans (Tables) HTML 34K 40: R30 Earnings Per Share (Tables) HTML 43K 41: R31 Stockholders' Equity (Tables) HTML 104K 42: R32 Basis of Presentation and Significant Accounting HTML 22K Policies (Details) 43: R33 Revenue Recognition - Revenue Disaggregated by HTML 39K Geographic Area (Details) 44: R34 Revenue Recognition - Revenue Disaggregated by HTML 39K Industries (Details) 45: R35 Revenue Recognition - Contract Liability (Details) HTML 27K 46: R36 Revenue Recognition - Narrative (Details) HTML 30K 47: R37 Acquisitions - Narrative (Details) HTML 60K 48: R38 Acquisitions - Schedule of Fair Value of Assets HTML 93K Acquired and Liabilities Assumed at Acquisition Date (Details) 49: R39 Acquisitions - Unaudited Pro Forma Information HTML 26K (Details) 50: R40 Restructuring and Other - Restructuring and HTML 31K Related Costs (Details) 51: R41 Restructuring and Other - Narrative (Details) HTML 28K 52: R42 Leases - Supplemental Balance Sheet Information HTML 45K (Details) 53: R43 Leases - Lease Costs and Supplemental Cash Flows HTML 51K (Details) 54: R44 Goodwill (Details) HTML 28K 55: R45 Debt and Financing Arrangements - Schedule of Debt HTML 52K (Details) 56: R46 Debt and Financing Arrangements - Narrative HTML 57K (Details) 57: R47 Debt and Financing Arrangements - Trade HTML 30K Receivables Sold (Details) 58: R48 Fair Value Measurements and Financial Instruments HTML 56K - Fair Value of Debt (Details) 59: R49 Fair Value Measurements and Financial Instruments HTML 46K - Narrative (Details) 60: R50 Fair Value Measurements and Financial Instruments HTML 49K - Fair Value by Balance Sheet Location (Details) 61: R51 Fair Value Measurements and Financial Instruments HTML 47K - Derivative and Nonderivative Instruments Designated as Hedges (Details) 62: R52 Employee Benefit Plans - Schedule of Projected HTML 31K Benefit Obligations (Details) 63: R53 Employee Benefit Plans - Narrative (Details) HTML 22K 64: R54 Earnings Per Share (Details) HTML 58K 65: R55 Stockholders' Equity (Details) HTML 74K 68: XML IDEA XML File -- Filing Summary XML 123K 66: XML XBRL Instance -- gxo-20220930_htm XML 2.19M 67: EXCEL IDEA Workbook of Financial Reports XLSX 112K 7: EX-101.CAL XBRL Calculations -- gxo-20220930_cal XML 198K 8: EX-101.DEF XBRL Definitions -- gxo-20220930_def XML 460K 9: EX-101.LAB XBRL Labels -- gxo-20220930_lab XML 1.28M 10: EX-101.PRE XBRL Presentations -- gxo-20220930_pre XML 769K 6: EX-101.SCH XBRL Schema -- gxo-20220930 XSD 124K 69: JSON XBRL Instance as JSON Data -- MetaLinks 355± 529K 70: ZIP XBRL Zipped Folder -- 0001852244-22-000031-xbrl Zip 465K
gxo-20220930 |
i ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i Delaware | i 86-2098312 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
i Two American Lane | ||||||||
i Greenwich,
i Connecticut | i 06831 | |||||||
(Address of principal executive offices) | (Zip Code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
i Common stock, par value $0.01 per share | i GXO | i New York Stock Exchange |
i Large accelerated filer | ☒ | Accelerated filer | ☐ | |||||||||||||||||
Non-accelerated filer | ☐ | Smaller reporting company | i ☐ | |||||||||||||||||
Emerging growth company | i ☐ |
GXO Logistics, Inc. | ||||||||
Form 10-Q | ||||||||
For the Quarterly Period Ended September 30, 2022 | ||||||||
Page | ||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(Dollars in millions, shares in thousands, except per share amounts) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Revenue | $ | i 2,287 | $ | i 1,974 | $ | i 6,526 | $ | i 5,678 | ||||||||||||||||||
Direct operating expense | i 1,885 | i 1,651 | i 5,408 | i 4,725 | ||||||||||||||||||||||
Selling, general and administrative expense | i 227 | i 171 | i 637 | i 519 | ||||||||||||||||||||||
Depreciation and amortization expense | i 89 | i 85 | i 242 | i 259 | ||||||||||||||||||||||
Transaction and integration costs | i 14 | i 29 | i 57 | i 82 | ||||||||||||||||||||||
Restructuring costs and other | i — | i 2 | i 14 | i 5 | ||||||||||||||||||||||
Operating income | i 72 | i 36 | i 168 | i 88 | ||||||||||||||||||||||
Other income, net | i 17 | i 11 | i 56 | i 11 | ||||||||||||||||||||||
Interest expense, net | ( i 6) | ( i 5) | ( i 19) | ( i 16) | ||||||||||||||||||||||
Income before income taxes | i 83 | i 42 | i 205 | i 83 | ||||||||||||||||||||||
Income tax (expense) benefit | ( i 19) | i 31 | ( i 51) | i 21 | ||||||||||||||||||||||
Net income | i 64 | i 73 | i 154 | i 104 | ||||||||||||||||||||||
Net income attributable to noncontrolling interest | ( i 1) | ( i 1) | ( i 3) | ( i 7) | ||||||||||||||||||||||
Net income attributable to GXO | $ | i 63 | $ | i 72 | $ | i 151 | $ | i 97 | ||||||||||||||||||
Earnings per share data | ||||||||||||||||||||||||||
Basic | $ | i 0.53 | $ | i 0.63 | $ | i 1.30 | $ | i 0.84 | ||||||||||||||||||
Diluted | $ | i 0.53 | $ | i 0.62 | $ | i 1.29 | $ | i 0.84 | ||||||||||||||||||
Weighted-average common shares outstanding | ||||||||||||||||||||||||||
Basic | i 118,621 | i 114,629 | i 116,508 | i 114,627 | ||||||||||||||||||||||
Diluted | i 119,065 | i 115,529 | i 117,107 | i 115,527 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Net income | $ | i 64 | $ | i 73 | $ | i 154 | $ | i 104 | ||||||||||||||||||
Other comprehensive loss, net of tax | ||||||||||||||||||||||||||
Foreign currency translation loss, net of tax (expense) benefit of $( i 22), $( i 4),
$( i 32) and $( i 2),
respectively | $ | ( i 43) | $ | ( i 12) | $ | ( i 163) | $ | ( i 30) | ||||||||||||||||||
Unrealized
gain (loss) on cash flow hedges, net of tax (expense) benefit of $( i 2), $ i —,
$( i 2) and $( i 1), respectively | i 9 | i — | i 9 | ( i 1) | ||||||||||||||||||||||
Other comprehensive loss, net of tax | $ | ( i 34) | $ | ( i 12) | $ | ( i 154) | $ | ( i 31) | ||||||||||||||||||
Comprehensive income | $ | i 30 | $ | i 61 | $ | i — | $ | i 73 | ||||||||||||||||||
Less: Comprehensive income (loss) attributable to noncontrolling interest | ( i 1) | i 1 | ( i 1) | i 7 | ||||||||||||||||||||||
Comprehensive income attributable to GXO | $ | i 31 | $ | i 60 | $ | i 1 | $ | i 66 |
(Dollars in millions, shares in thousands, except per share amounts) | September 30, 2022 | December 31, 2021 | ||||||||||||
ASSETS | ||||||||||||||
Current assets | ||||||||||||||
Cash and cash equivalents | $ | i 434 | $ | i 333 | ||||||||||
Accounts
receivable, net of allowances of $ i 9 and $ i 13, respectively | i 1,507 | i 1,507 | ||||||||||||
Other current assets | i 301 | i 259 | ||||||||||||
Total current assets | i 2,242 | i 2,099 | ||||||||||||
Long-term assets | ||||||||||||||
Property and equipment, net of $ i 1,196 and $ i 1,128
in accumulated depreciation, respectively | i 914 | i 863 | ||||||||||||
Operating lease assets | i 2,058 | i 1,772 | ||||||||||||
Goodwill | i 2,603 | i 2,017 | ||||||||||||
Intangible
assets, net of $ i 418 and $ i 407 in accumulated amortization, respectively | i 576 | i 257 | ||||||||||||
Other long-term assets | i 413 | i 263 | ||||||||||||
Total long-term assets | i 6,564 | i 5,172 | ||||||||||||
Total assets | $ | i 8,806 | $ | i 7,271 | ||||||||||
LIABILITIES AND EQUITY | ||||||||||||||
Current liabilities | ||||||||||||||
Accounts payable | $ | i 568 | $ | i 624 | ||||||||||
Accrued expenses | i 952 | i 998 | ||||||||||||
Short-term borrowings and obligations under finance leases | i 94 | i 34 | ||||||||||||
Current operating lease liabilities | i 499 | i 453 | ||||||||||||
Other current liabilities | i 162 | i 220 | ||||||||||||
Total
current liabilities | i 2,275 | i 2,329 | ||||||||||||
Long-term liabilities | ||||||||||||||
Long-term debt and obligations under finance leases | i 1,789 | i 927 | ||||||||||||
Long-term operating lease liabilities | i 1,699 | i 1,391 | ||||||||||||
Other long-term liabilities | i 444 | i 234 | ||||||||||||
Total
long-term liabilities | i 3,932 | i 2,552 | ||||||||||||
Commitments
and contingencies (Note 12) | i | i | ||||||||||||
Stockholders’ Equity | ||||||||||||||
Common
Stock, $ i i 0.01 / par value per share; i i 300,000 /
shares authorized, i i 118,629 / and i i 114,659 /
shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | i 1 | i 1 | ||||||||||||
Preferred
Stock, $ i i 0.01 / par value per share; i i 10,000 /
shares authorized, i i i i 0 / / /
shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | i — | i — | ||||||||||||
Additional paid-in capital | i 2,569 | i 2,354 | ||||||||||||
Retained earnings | i 277 | i 126 | ||||||||||||
Accumulated other comprehensive loss | ( i 278) | ( i 130) | ||||||||||||
Total stockholders’ equity before noncontrolling interest | i 2,569 | i 2,351 | ||||||||||||
Noncontrolling interest | i 30 | i 39 | ||||||||||||
Total
equity | i 2,599 | i 2,390 | ||||||||||||
Total liabilities and equity | $ | i 8,806 | $ | i 7,271 |
Nine Months Ended September 30, | ||||||||||||||
(In millions) | 2022 | 2021 | ||||||||||||
Cash flows from operating activities: | ||||||||||||||
Net income | $ | i 154 | $ | i 104 | ||||||||||
Adjustments
to reconcile net income to net cash provided by operating activities | ||||||||||||||
Depreciation and amortization expense | i 242 | i 259 | ||||||||||||
Stock-based compensation expense | i 24 | i 22 | ||||||||||||
Deferred
tax benefit | i — | ( i 47) | ||||||||||||
Other | ( i 4) | ( i 11) | ||||||||||||
Changes in operating assets and liabilities | ||||||||||||||
Accounts receivable | ( i 22) | ( i 118) | ||||||||||||
Other assets | ( i 28) | ( i 129) | ||||||||||||
Accounts payable | ( i 68) | ( i 8) | ||||||||||||
Accrued expenses and other liabilities | i 18 | i 179 | ||||||||||||
Net
cash provided by operating activities | i 316 | i 251 | ||||||||||||
Cash flows from investing activities: | ||||||||||||||
Capital expenditures | ( i 239) | ( i 180) | ||||||||||||
Proceeds from sales of property and equipment | i 22 | i 8 | ||||||||||||
Acquisition of businesses, net of cash acquired | ( i 874) | i 34 | ||||||||||||
Proceeds from cross-currency swap agreements | i 26 | i — | ||||||||||||
Other | i 9 | ( i 2) | ||||||||||||
Net
cash used in investing activities | ( i 1,056) | ( i 140) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||
Proceeds from issuance of debt, net | i 898 | i 794 | ||||||||||||
Repayment of debt related to securitization transactions and other | i — | ( i 21) | ||||||||||||
Repayment of debt and finance leases | ( i 23) | ( i 64) | ||||||||||||
Purchase of noncontrolling interest | i — | ( i 128) | ||||||||||||
Net transfers to XPO Logistics, Inc. | i — | ( i 774) | ||||||||||||
Taxes paid related to net share settlement of equity awards | ( i 12) | i — | ||||||||||||
Other | i — | i 28 | ||||||||||||
Net
cash provided by (used in) financing activities | i 863 | ( i 165) | ||||||||||||
Effect of exchange rates on cash and cash equivalents | ( i 22) | i 1 | ||||||||||||
Net increase (decrease) in cash and cash equivalents | i 101 | ( i 53) | ||||||||||||
Cash and cash equivalents, beginning of period | i 333 | i 328 | ||||||||||||
Cash and cash equivalents, end of period | $ | i 434 | $ | i 275 | ||||||||||
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||
Common stock issued for acquisition | $ | i 203 | $ | i — |
Common Stock | XPO Logistics, Inc. Investment | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Equity Before Noncontrolling Interest | Noncontrolling Interest | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
(Shares in thousands, dollars in millions) | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of June 30, 2022 | i 118,610 | $ | i 1 | $ | i — | $ | i 2,561 | $ | i 214 | $ | ( i 246) | $ | i 2,530 | $ | i 31 | $ | i 2,561 | |||||||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | i 63 | — | i 63 | i 1 | i 64 | |||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | ( i 32) | ( i 32) | ( i 2) | ( i 34) | |||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | i 8 | — | — | i 8 | — | i 8 | |||||||||||||||||||||||||||||||||||||||||||||||
Vesting of stock compensation awards | i 19 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2022 | i 118,629 | $ | i 1 | $ | i — | $ | i 2,569 | $ | i 277 | $ | ( i 278) | $ | i 2,569 | $ | i 30 | $ | i 2,599 |
Common Stock | XPO Logistics, Inc. Investment | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Equity Before Noncontrolling Interest | Noncontrolling Interest | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
(Shares in thousands, dollars in millions) | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of December 31, 2021 | i 114,659 | $ | i 1 | $ | i — | $ | i 2,354 | $ | i 126 | $ | ( i 130) | $ | i 2,351 | $ | i 39 | $ | i 2,390 | |||||||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | i 151 | — | i 151 | i 3 | i 154 | |||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | ( i 150) | ( i 150) | ( i 4) | ( i 154) | |||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | i 24 | — | — | i 24 | — | i 24 | |||||||||||||||||||||||||||||||||||||||||||||||
Vesting of stock compensation awards | i 221 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Tax withholding on vesting of stock compensation awards | — | — | — | ( i 12) | — | — | ( i 12) | — | ( i 12) | |||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued for acquisition | i 3,749 | — | — | i 203 | — | — | i 203 | — | i 203 | |||||||||||||||||||||||||||||||||||||||||||||||
Deconsolidation of variable interest entity | — | — | — | — | — | i 2 | i 2 | ( i 5) | ( i 3) | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends | — | — | — | — | — | — | — | ( i 3) | ( i 3) | |||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2022 | i 118,629 | $ | i 1 | $ | i — | $ | i 2,569 | $ | i 277 | $ | ( i 278) | $ | i 2,569 | $ | i 30 | $ | i 2,599 |
Common Stock | XPO Logistics, Inc. Investment | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Equity Before Noncontrolling Interest | Noncontrolling Interest | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
(Shares in thousands, dollars in millions) | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of June 30, 2021 | i — | $ | i — | $ | i 2,835 | $ | i — | $ | i — | $ | i 39 | $ | i 2,874 | $ | i 40 | $ | i 2,914 | |||||||||||||||||||||||||||||||||||||||
Net income | — | — | i 2 | — | i 70 | — | i 72 | i 1 | i 73 | |||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | ( i 12) | ( i 12) | — | ( i 12) | |||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | i 4 | — | — | i 4 | — | i 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Vesting of stock compensation awards | i 10 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Net transfers (to) from XPO, including separation adjustments | — | — | ( i 492) | — | — | ( i 150) | ( i 642) | — | ( i 642) | |||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock and reclassification of XPO investment | i 114,626 | i 1 | ( i 2,345) | i 2,344 | — | — | — | — | i — | |||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2021 | i 114,636 | $ | i 1 | $ | i — | $ | i 2,348 | $ | i 70 | $ | ( i 123) | $ | i 2,296 | $ | i 41 | $ | i 2,337 |
(Shares in thousands, dollars in millions) | Common Stock | XPO Logistics, Inc. Investment | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Equity Before Noncontrolling Interest | Noncontrolling Interest | Total Equity | ||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of December 31, 2020 | i — | $ | i — | $ | i 2,765 | $ | i — | $ | i — | $ | i 58 | $ | i 2,823 | $ | i 125 | $ | i 2,948 | |||||||||||||||||||||||||||||||||||||||
Net income | — | — | i 27 | — | i 70 | — | i 97 | i 7 | i 104 | |||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | ( i 31) | ( i 31) | — | ( i 31) | |||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | i 4 | — | — | i 4 | — | i 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Vesting of stock compensation awards | i 10 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Purchase of noncontrolling interest | — | — | — | — | — | — | — | ( i 128) | ( i 128) | |||||||||||||||||||||||||||||||||||||||||||||||
Net transfers (to) from XPO, including separation adjustments | — | — | ( i 447) | — | — | ( i 150) | ( i 597) | i 40 | ( i 557) | |||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock and reclassification of XPO investment | i 114,626 | i 1 | ( i 2,345) | i 2,344 | — | — | — | — | i — | |||||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ( i 3) | ( i 3) | |||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2021 | i 114,636 | $ | i 1 | $ | i — | $ | i 2,348 | $ | i 70 | $ | ( i 123) | $ | i 2,296 | $ | i 41 | $ | i 2,337 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
United Kingdom | $ | i 890 | $ | i 680 | $ | i 2,371 | $ | i 1,847 | ||||||||||||||||||
United States | i 709 | i 599 | i 2,075 | i 1,734 | ||||||||||||||||||||||
France | i 171 | i 181 | i 530 | i 551 | ||||||||||||||||||||||
Netherlands | i 175 | i 159 | i 508 | i 464 | ||||||||||||||||||||||
Spain | i 117 | i 117 | i 360 | i 358 | ||||||||||||||||||||||
Other | i 225 | i 238 | i 682 | i 724 | ||||||||||||||||||||||
Total | $ | i 2,287 | $ | i 1,974 | $ | i 6,526 | $ | i 5,678 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Omnichannel retail | $ | i 919 | $ | i 769 | $ | i 2,618 | $ | i 2,240 | ||||||||||||||||||
Food and beverage | i 335 | i 361 | i 1,009 | i 972 | ||||||||||||||||||||||
Technology and consumer electronics | i 338 | i 270 | i 963 | i 749 | ||||||||||||||||||||||
Industrial and manufacturing | i 275 | i 244 | i 807 | i 743 | ||||||||||||||||||||||
Consumer packaged goods | i 227 | i 202 | i 663 | i 572 | ||||||||||||||||||||||
Other | i 193 | i 128 | i 466 | i 402 | ||||||||||||||||||||||
Total | $ | i 2,287 | $ | i 1,974 | $ | i 6,526 | $ | i 5,678 |
(In millions) | September 30, 2022 | December 31, 2021 | ||||||||||||
Contract assets(1) | $ | i 177 | $ | i 147 | ||||||||||
Contract
liabilities(2) | i 273 | i 220 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Amounts included in the beginning of year contract liability balance | $ | i 12 | $ | i 3 | $ | i 83 | $ | i 68 |
(In millions) | ||||||||
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | i 26 | ||||||
Accounts receivable | i 146 | |||||||
Other current assets | i 63 | |||||||
Total current assets | i 235 | |||||||
Long-term assets | ||||||||
Property and equipment | i 83 | |||||||
Operating lease assets | i 214 | |||||||
Intangible assets(1) | i 392 | |||||||
Other long-term assets | i 20 | |||||||
Total long-term assets | i 709 | |||||||
Total assets | $ | i 944 | ||||||
LIABILITIES | ||||||||
Current liabilities | ||||||||
Accounts payable | $ | i 87 | ||||||
Accrued expenses | i 104 | |||||||
Short-term borrowings and obligations under finance leases | i 54 | |||||||
Current operating lease liabilities | i 37 | |||||||
Other current liabilities | i 45 | |||||||
Total current liabilities | i 327 | |||||||
Long-term liabilities | ||||||||
Long-term debt and obligations under finance leases | i 10 | |||||||
Long-term operating lease liabilities | i 170 | |||||||
Other long-term liabilities | i 118 | |||||||
Total long-term liabilities | i 298 | |||||||
Total liabilities | $ | i 625 | ||||||
Net assets purchased | $ | i 319 | ||||||
Cash paid | $ | i 900 | ||||||
Common stock issued(2) | i 203 | |||||||
Purchase price paid | $ | i 1,103 | ||||||
Goodwill recorded(3) | $ | i 784 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Revenue | $ | i 2,287 | $ | i 2,253 | $ | i 6,982 | $ | i 6,489 | ||||||||||||||||||
Income before income taxes | i 83 | i 42 | i 236 | i 80 |
(In millions) | ||||||||
Balance as of December 31, 2021 | $ | i 3 | ||||||
Charges incurred | i 6 | |||||||
Payments | ( i 7) | |||||||
Balance
as of September 30, 2022 | $ | i 2 |
(In millions) | September 30, 2022 | December 31, 2021 | ||||||||||||
Operating leases: | ||||||||||||||
Operating lease assets | $ | i 2,058 | $ | i 1,772 | ||||||||||
Current operating lease liabilities | $ | i 499 | $ | i 453 | ||||||||||
Long-term operating lease liabilities | i 1,699 | i 1,391 | ||||||||||||
Total operating lease liabilities | $ | i 2,198 | $ | i 1,844 | ||||||||||
Finance leases: | ||||||||||||||
Property and equipment, net | $ | i 123 | $ | i 155 | ||||||||||
Short-term obligations under finance leases | $ | i 35 | $ | i 34 | ||||||||||
Long-term obligations under finance leases | i 98 | i 133 | ||||||||||||
Total finance lease liabilities | $ | i 133 | $ | i 167 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Operating leases: | ||||||||||||||||||||||||||
Operating lease cost | $ | i 187 | $ | i 161 | $ | i 527 | $ | i 490 | ||||||||||||||||||
Short-term lease cost | i 24 | i 20 | i 69 | i 57 | ||||||||||||||||||||||
Variable lease cost | i 31 | i 18 | i 73 | i 55 | ||||||||||||||||||||||
Total operating lease cost | $ | i 242 | $ | i 199 | $ | i 669 | $ | i 602 | ||||||||||||||||||
Finance leases: | ||||||||||||||||||||||||||
Amortization of leased assets | $ | i 5 | $ | i 8 | $ | i 23 | $ | i 25 | ||||||||||||||||||
Interest expense on lease liabilities | i 1 | i 2 | i 4 | i 4 | ||||||||||||||||||||||
Total finance lease cost | $ | i 6 | $ | i 10 | $ | i 27 | $ | i 29 | ||||||||||||||||||
Total operating and finance lease cost | $ | i 248 | $ | i 209 | $ | i 696 | $ | i 631 |
Nine Months Ended September 30, | ||||||||||||||
(In millions) | 2022 | 2021 | ||||||||||||
Leased assets obtained in exchange for new operating lease liabilities, including $ i 207
and $ i 281 from an acquisition in 2022 and 2021, respectively | $ | i 911 | $ | i 792 | ||||||||||
Leased
assets obtained in exchange for new finance lease liabilities, including $ i 16 and $ i 23
from an acquisition in 2022 and 2021, respectively | i 18 | i 39 |
(In millions) | ||||||||
Balance as of December 31, 2021 | $ | i 2,017 | ||||||
Acquisition(1) | i 784 | |||||||
Foreign exchange translation | ( i 198) | |||||||
Balance as of September 30, 2022 | $ | i 2,603 |
(In millions) | Rate(1) | September 30, 2022 | December 31, 2021 | |||||||||||||||||
i 1.65% Unsecured notes due 2026(2) | i 1.65% | $ | i 397 | $ | i 397 | |||||||||||||||
i 2.65%
Unsecured notes due 2031(3) | i 2.65% | i 396 | i 396 | |||||||||||||||||
i Two-Year
Term Loan due 2024 | i 4.76% | i 165 | i — | |||||||||||||||||
i Three-Year
Term Loan due 2025(4) | i 4.76% | i 234 | i — | |||||||||||||||||
i Five-Year
Term Loan due 2027(4) | i 4.89% | i 499 | i — | |||||||||||||||||
Finance leases and other | Various | i 192 | i 168 | |||||||||||||||||
Total debt and obligations under finance leases | $ | i 1,883 | $ | i 961 | ||||||||||||||||
Less: Short-term borrowings and obligations under finance leases | i 94 | i 34 | ||||||||||||||||||
Total long-term debt and obligations under finance leases | $ | i 1,789 | $ | i 927 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Factoring agreements | ||||||||||||||||||||||||||
Receivables sold in period | $ | i 259 | $ | i 132 | $ | i 716 | $ | i 331 | ||||||||||||||||||
Cash consideration | i 258 | i 132 | i 714 | i 331 | ||||||||||||||||||||||
Securitization program | ||||||||||||||||||||||||||
Receivables sold in period | $ | i — | $ | i 418 | $ | i — | $ | i 1,320 | ||||||||||||||||||
Cash consideration | i — | i 418 | i — | i 1,320 |
September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||
(In millions) | Level | Fair Value | Carrying Value | Fair Value | Carrying Value | |||||||||||||||||||||||||||
i 1.65%
Unsecured notes due 2026 | 2 | $ | i 329 | $ | i 397 | $ | i 391 | $ | i 397 | |||||||||||||||||||||||
i 2.65%
Unsecured notes due 2031 | 2 | i 284 | i 396 | i 394 | i 396 | |||||||||||||||||||||||||||
i Two-Year
Term Loan due 2024 | 2 | i 165 | i 165 | i — | i — | |||||||||||||||||||||||||||
i Three-Year
Term Loan due 2025 | 2 | i 235 | i 234 | i — | i — | |||||||||||||||||||||||||||
i Five-Year
Term Loan due 2027 | 2 | i 500 | i 499 | i — | i — |
September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||
(In millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | Balance Sheet Caption | |||||||||||||||||||||||||||
Derivatives designated as hedges | ||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||
Cross-currency swap agreements | $ | i 1,387 | $ | i 103 | $ | i — | $ | i — | Other long-term assets | |||||||||||||||||||||||
Interest rate swaps | i 250 | i 11 | i — | i — | Other long-term assets | |||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||
Cross-currency swap agreements | $ | i — | $ | i — | $ | i 328 | $ | i 4 | Other current liabilities | |||||||||||||||||||||||
Cross-currency swap agreements | i — | i — | i 165 | i 4 | Other long-term liabilities | |||||||||||||||||||||||||||
Derivatives not designated as hedges | ||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||
Foreign currency option contracts | $ | i 105 | $ | i 18 | $ | i 368 | $ | i 11 | Other current assets | |||||||||||||||||||||||
Foreign currency option contracts | i — | i — | i 37 | i 1 | Other long-term assets | |||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||
Foreign currency forward contracts | $ | i 15 | $ | i — | $ | i — | $ | i — | Other current liabilities |
Three Months Ended September 30, 2022 | Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||||
(In millions) | Amount of Gain Recognized in Other Comprehensive Income on Derivatives | Gain Reclassified from AOCI into Net Income(1) | Gain Recognized in Net Income on Derivatives (Excluded from effectiveness testing)(1) | Amount of Gain Recognized in Other Comprehensive Income on Derivatives | Gain Reclassified from AOCI into Net Income(1) | Gain Recognized in Net Income on Derivatives (Excluded from effectiveness testing)(1) | ||||||||||||||||||||||||||||||||
Derivatives designated as net investment hedges | ||||||||||||||||||||||||||||||||||||||
Cross-currency swap agreements | $ | i 90 | $ | i — | $ | i 1 | $ | i 136 | $ | i 2 | $ | i 3 | ||||||||||||||||||||||||||
Derivatives designated as cash flow hedges | ||||||||||||||||||||||||||||||||||||||
Interest rate swaps | $ | i 12 | $ | i — | $ | i — | $ | i 11 | $ | i — | $ | i — |
Three Months Ended September 30, 2021 | Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||||
(In millions) | Amount of Gain Recognized in Other Comprehensive Income on Derivatives | Gain Reclassified from AOCI into Net Income(1) | Gain Recognized in Net Income on Derivatives (Excluded from effectiveness testing)(1) | Amount of Gain Recognized in Other Comprehensive Income on Derivatives | Gain Reclassified from AOCI into Net Income(1) | Gain Recognized in Net Income on Derivatives (Excluded from effectiveness testing)(1) | ||||||||||||||||||||||||||||||||
Derivatives designated as net investment hedges | ||||||||||||||||||||||||||||||||||||||
Cross-currency swap agreements | $ | i 11 | $ | i 1 | $ | i 1 | $ | i 11 | $ | i 1 | $ | i 1 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Realized gain | $ | i 10 | $ | i — | $ | i 19 | $ | i — | ||||||||||||||||||
Unrealized gain (loss) | ( i 1) | i 1 | i 14 | i 1 | ||||||||||||||||||||||
Total gain recognized in net income | $ | i 9 | $ | i 1 | $ | i 33 | $ | i 1 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Interest cost | $ | ( i 5) | $ | ( i 5) | $ | ( i 16) | $ | ( i 5) | ||||||||||||||||||
Expected return on plan assets | i 12 | i 15 | i 41 | i 15 | ||||||||||||||||||||||
Net
periodic benefit income(1) | $ | i 7 | $ | i 10 | $ | i 25 | $ | i 10 |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(Dollars in millions, shares in thousands, except per share data) | 2022 | 2021(1) | 2022 | 2021(1) | ||||||||||||||||||||||
Net income attributable to common shares | $ | i i 63 / | $ | i i 72 / | $ | i i 151 / | $ | i i 97 / | ||||||||||||||||||
Basic weighted-average common shares | i 118,621 | i 114,629 | i 116,508 | i 114,627 | ||||||||||||||||||||||
Dilutive effect of stock-based awards | i 444 | i 900 | i 599 | i 900 | ||||||||||||||||||||||
Diluted weighted-average common shares | i 119,065 | i 115,529 | i 117,107 | i 115,527 | ||||||||||||||||||||||
Basic earnings per share | $ | i 0.53 | $ | i 0.63 | $ | i 1.30 | $ | i 0.84 | ||||||||||||||||||
Diluted earnings per share | $ | i 0.53 | $ | i 0.62 | $ | i 1.29 | $ | i 0.84 | ||||||||||||||||||
Antidilutive shares excluded from diluted weighted-average common shares | i 2,013 | i — | i 1,735 | i — |
(In millions) | Foreign Currency Translation Adjustments | Cash Flow Hedges | Defined Benefit Plan | Less: AOCI attributable to noncontrolling interest | AOCI attributable to GXO | |||||||||||||||||||||||||||
Balance as of June 30, 2022 | $ | ( i 169) | $ | i — | $ | ( i 76) | $ | ( i 1) | $ | ( i 246) | ||||||||||||||||||||||
Foreign currency translation loss | ( i 111) | i — | i — | i 2 | ( i 109) | |||||||||||||||||||||||||||
Unrealized gain on hedges, net of tax | i 69 | i 9 | i — | i — | i 78 | |||||||||||||||||||||||||||
Amounts reclassified from AOCI to net income | ( i 1) | i — | i — | i — | ( i 1) | |||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax | ( i 43) | i 9 | i — | i 2 | ( i 32) | |||||||||||||||||||||||||||
Balance as of September 30, 2022 | $ | ( i 212) | $ | i 9 | $ | ( i 76) | $ | i 1 | $ | ( i 278) |
(In millions) | Foreign Currency Translation Adjustments | Cash Flow Hedges | Defined Benefit Plan | Less: AOCI attributable to noncontrolling interest | AOCI attributable to GXO | |||||||||||||||||||||||||||
Balance as of December 31, 2021 | $ | ( i 53) | $ | i — | $ | ( i 76) | $ | ( i 1) | $ | ( i 130) | ||||||||||||||||||||||
Foreign currency translation loss | ( i 260) | i — | i — | i 4 | ( i 256) | |||||||||||||||||||||||||||
Unrealized gain on hedges, net of tax | i 102 | i 9 | i — | i — | i 111 | |||||||||||||||||||||||||||
Amounts reclassified from AOCI to net income | ( i 5) | i — | i — | i — | ( i 5) | |||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax | ( i 163) | i 9 | i — | i 4 | ( i 150) | |||||||||||||||||||||||||||
Deconsolidation of variable interest entity | i 4 | i — | i — | ( i 2) | i 2 | |||||||||||||||||||||||||||
Balance as of September 30, 2022 | $ | ( i 212) | $ | i 9 | $ | ( i 76) | $ | i 1 | $ | ( i 278) |
(In millions) | Foreign Currency Translation Adjustments | Cash Flow Hedges | Defined Benefit Plan | Less: AOCI attributable to noncontrolling interest | AOCI attributable to GXO | |||||||||||||||||||||||||||
Balance as of June 30, 2021 | $ | i 42 | $ | ( i 1) | $ | ( i 1) | $ | ( i 1) | $ | i 39 | ||||||||||||||||||||||
Unrealized loss, net of tax | ( i 10) | i — | i — | i — | ( i 10) | |||||||||||||||||||||||||||
Amounts reclassified from AOCI to net income | ( i 2) | i — | i — | i — | ( i 2) | |||||||||||||||||||||||||||
Other comprehensive loss, net of tax | ( i 12) | i — | i — | i — | ( i 12) | |||||||||||||||||||||||||||
Transfers to XPO, net of tax | ( i 68) | i — | ( i 82) | $ | i — | $ | ( i 150) | |||||||||||||||||||||||||
Balance as of September 30, 2021 | $ | ( i 38) | $ | ( i 1) | $ | ( i 83) | $ | ( i 1) | $ | ( i 123) |
(In millions) | Foreign Currency Translation Adjustments | Cash Flow Hedges | Defined Benefit Plan | Less: AOCI attributable to noncontrolling interest | AOCI attributable to GXO | |||||||||||||||||||||||||||
Balance as of December 31, 2020 | $ | i 61 | $ | i — | $ | ( i 1) | $ | ( i 2) | $ | i 58 | ||||||||||||||||||||||
Unrealized loss, net of tax | ( i 28) | ( i 1) | i — | i — | ( i 29) | |||||||||||||||||||||||||||
Amounts reclassified from AOCI to net income | ( i 2) | i — | i — | i — | ( i 2) | |||||||||||||||||||||||||||
Other comprehensive loss, net of tax | ( i 30) | ( i 1) | i — | i — | ( i 31) | |||||||||||||||||||||||||||
Transfers to (from) XPO, net of tax | ( i 69) | i — | ( i 82) | i 1 | $ | ( i 150) | ||||||||||||||||||||||||||
Balance as of September 30, 2021 | $ | ( i 38) | $ | ( i 1) | $ | ( i 83) | $ | ( i 1) | $ | ( i 123) |
Three Months Ended September 30, | ||||||||||||||||||||||||||
(In millions) | 2022 | 2021 | $ Change | % Change | ||||||||||||||||||||||
Revenue | $ | 2,287 | $ | 1,974 | $ | 313 | 16 | % | ||||||||||||||||||
Direct operating expense | 1,885 | 1,651 | 234 | 14 | % | |||||||||||||||||||||
Selling, general and administrative expense | 227 | 171 | 56 | 33 | % | |||||||||||||||||||||
Depreciation and amortization expense | 89 | 85 | 4 | 5 | % | |||||||||||||||||||||
Transaction and integration costs | 14 | 29 | (15) | (52) | % | |||||||||||||||||||||
Restructuring costs and other | — | 2 | (2) | (100) | % | |||||||||||||||||||||
Operating income | 72 | 36 | 36 | 100 | % | |||||||||||||||||||||
Other income, net | 17 | 11 | 6 | 55 | % | |||||||||||||||||||||
Interest expense, net | (6) | (5) | (1) | 20 | % | |||||||||||||||||||||
Income before income taxes | 83 | 42 | 41 | 98 | % | |||||||||||||||||||||
Income tax (expense) benefit | (19) | 31 | (50) | n/m | ||||||||||||||||||||||
Net income | $ | 64 | $ | 73 | $ | (9) | (12) | % |
Nine Months Ended September 30, | ||||||||||||||||||||||||||
(In millions) | 2022 | 2021 | $ Change | % Change | ||||||||||||||||||||||
Revenue | $ | 6,526 | $ | 5,678 | $ | 848 | 15 | % | ||||||||||||||||||
Direct operating expense | 5,408 | 4,725 | 683 | 14 | % | |||||||||||||||||||||
Selling, general and administrative expense | 637 | 519 | 118 | 23 | % | |||||||||||||||||||||
Depreciation and amortization expense | 242 | 259 | (17) | (7) | % | |||||||||||||||||||||
Transaction and integration costs | 57 | 82 | (25) | (30) | % | |||||||||||||||||||||
Restructuring costs and other | 14 | 5 | 9 | n/m | ||||||||||||||||||||||
Operating income | 168 | 88 | 80 | 91 | % | |||||||||||||||||||||
Other income, net | 56 | 11 | 45 | n/m | ||||||||||||||||||||||
Interest expense, net | (19) | (16) | (3) | 19 | % | |||||||||||||||||||||
Income before income taxes | 205 | 83 | 122 | n/m | ||||||||||||||||||||||
Income tax (expense) benefit | (51) | 21 | (72) | n/m | ||||||||||||||||||||||
Net income | $ | 154 | $ | 104 | $ | 50 | 48 | % |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
(In millions) | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Factoring agreements | ||||||||||||||||||||||||||
Receivables sold in period | $ | 259 | $ | 132 | $ | 716 | $ | 331 | ||||||||||||||||||
Cash consideration | 258 | 132 | 714 | 331 | ||||||||||||||||||||||
Securitization program | ||||||||||||||||||||||||||
Receivables sold in period | $ | — | $ | 418 | $ | — | $ | 1,320 | ||||||||||||||||||
Cash consideration | — | 418 | — | 1,320 |
(In millions) | September 30, 2022 | December 31, 2021 | $ Change | % Change | ||||||||||||||||||||||
Total current assets | $ | 2,242 | $ | 2,099 | $ | 143 | 7 | % | ||||||||||||||||||
Total long-term assets | 6,564 | 5,172 | 1,392 | 27 | % | |||||||||||||||||||||
Total current liabilities | 2,275 | 2,329 | (54) | (2) | % | |||||||||||||||||||||
Total long-term liabilities | 3,932 | 2,552 | 1,380 | 54 | % |
Nine Months Ended September 30, | ||||||||||||||||||||||||||
(In millions) | 2022 | 2021 | $ Change | % Change | ||||||||||||||||||||||
Net cash provided by operating activities | $ | 316 | $ | 251 | $ | 65 | 26 | % | ||||||||||||||||||
Net cash used in investing activities | (1,056) | (140) | (916) | n/m | ||||||||||||||||||||||
Net cash provided by (used in) financing activities | 863 | (165) | 1,028 | n/m | ||||||||||||||||||||||
Effect of exchange rates on cash and cash equivalents | (22) | 1 | (23) | n/m | ||||||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | 101 | $ | (53) | $ | 154 | n/m |
Exhibit Number | Description | |||||||
31.1* | ||||||||
31.2* | ||||||||
32.1** | ||||||||
32.2** | ||||||||
101.INS* | Inline XBRL Instance Document. | |||||||
101.SCH* | Inline XBRL Taxonomy Extension Schema. | |||||||
101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase. | |||||||
101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase. | |||||||
101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase. | |||||||
101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase. | |||||||
104* | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). | |||||||
* | Filed herewith. | |||||||
** | Furnished herewith. | |||||||
GXO Logistics, Inc. | ||||||||
Date: November 9, 2022 | By: | /s/
Malcolm Wilson | ||||||
Malcolm Wilson | ||||||||
(Chief Executive Officer) | ||||||||
(Principal Executive Officer) | ||||||||
Date: November 9, 2022 | By: | /s/ Baris
Oran | ||||||
Baris Oran | ||||||||
(Chief Financial Officer) | ||||||||
(Principal Financial Officer) |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
7/15/31 | ||||
5/26/27 | ||||
7/15/26 | ||||
5/26/25 | ||||
5/26/24 | ||||
12/31/22 | ||||
Filed on: | 11/9/22 | |||
11/7/22 | ||||
10/4/22 | 4, 8-K | |||
For Period end: | 9/30/22 | |||
6/30/22 | 10-Q | |||
5/26/22 | 4, 8-K, EFFECT | |||
5/25/22 | 424B3, EFFECT | |||
5/24/22 | 4, 8-K, DEF 14A | |||
3/31/22 | 10-Q | |||
3/22/22 | 8-K | |||
2/28/22 | 8-K | |||
2/17/22 | 10-K | |||
1/15/22 | 4 | |||
1/1/22 | ||||
12/31/21 | 10-K | |||
9/30/21 | 10-Q | |||
8/2/21 | 3, 4, 8-K | |||
6/30/21 | 10-Q | |||
1/1/21 | ||||
12/31/20 | ||||
List all Filings |