XPO, Inc.

Listed Company

XPOCIK 0001166003NYSELarge AcceleratedTransportation ServicesFY ends Dec 31

Period

FY 2025

Revenue

$8.16B

Net Income

$316.00M

Total Assets

$8.19B

Equity

$1.86B

Shares Out

117.41M

Op. Cash Flow

$986.00M

Business

XPO, Inc. provides freight transportation services that move goods through customers’ supply chains using proprietary technology and an asset-based network. It offers less-than-truckload (LTL) services, full truckload brokerage, dedicated truckload, managed transportation, last-mile delivery, freight forwarding, warehousing and multimodal solutions. The company reports two primary segments—North American LTL and European Transportation—supported by in-house capabilities such as trailer manufacturing and driver training. XPO serves a broad customer base across North America and Europe through a network of service centers, digital platforms and direct transportation channels.

Summary from filing dated 2025-02-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	8,157	8,072	7,744	7,718	7,202
Salaries, wages and employee benefits	3,424	3,377	3,159	2,945	2,866
Purchased transportation	1,662	1,701	1,760	1,964	1,934
Fuel, operating expenses and supplies	1,571	1,589	1,623	1,687	1,492
Operating taxes and licenses	83	80	60	58	56
Insurance and claims	167	134	167	183	174
Gains on sales of property and equipment	−17	−40	−5	−60	−72
Depreciation and amortization expense	521	490	432	392	385
Pre-Con-way acquisition environmental matter	35	0	0	—	—
Legal matters	−13	0	8	0	0
Transaction and integration costs	8	53	58	58	36
Restructuring costs	59	27	44	50	19
Operating income	656	660	438	377	312
Other income	−6	−37	−15	−55	−60
Debt extinguishment loss	6	0	25	39	54
Interest expense	219	223	168	135	—
Income from continuing operations before income tax provision	437	473	260	258	107
Income tax provision	121	86	68	74	11
Income from continuing operations	316	387	192	184	96
Loss from discontinued operations, net of taxes	0	0	−3	482	245
Net income	316	387	189	666	336
Basic earnings per share from continuing operations (usd per share)	2.69	3.33	1.66	1.6	0.85
Basic loss per share from discontinued operations (usd per share)	0	0	−0.02	4.19	2.14
Basic earnings per share (usd per share)	2.69	3.33	1.64	5.79	2.99
Diluted earnings per share from continuing operations (usd per share)	2.64	3.23	1.62	1.59	0.83
Diluted loss per share from discontinued operations (usd per share)	0	0	−0.02	4.17	2.1
Diluted earnings per share (usd per share)	2.64	3.23	1.6	5.76	2.93
Basic weighted-average common shares (in shares)	118	116	116	115	112
Diluted weighted-average common shares outstanding (in shares)	119	120	118	116	114

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	310	246	412	460	228
Accounts receivable, net of allowances of $40 and $50, respectively	1,035	977	973	954	908
Other current assets	285	283	208	199	219
Total current assets	1,630	1,505	1,593	1,630	2,687
Property and equipment, net of $2,360 and $2,019 in accumulated depreciation, respectively	3,664	3,402	3,075	1,832	—
Operating lease assets	777	727	708	719	697
Goodwill	1,547	1,461	1,498	1,472	1,594
Identifiable intangible assets, net of $580 and $499 in accumulated amortization, respectively	311	361	422	407	470
Other long-term assets	265	254	196	209	231
Total long-term assets	6,564	6,206	5,899	4,639	6,030
Total assets	8,194	7,712	7,492	6,269	8,717
Accounts payable	455	477	532	521	519
Accrued expenses	760	708	775	774	822
Short-term borrowings and current maturities of long-term debt	60	62	69	59	58
Short-term operating lease liabilities	166	127	121	107	107
Other current liabilities	113	46	93	30	58
Total current liabilities	1,555	1,420	1,590	1,507	2,548
Long-term debt	3,253	3,325	3,335	2,473	3,513
Deferred tax liability	482	393	337	319	247
Employee benefit obligations	86	85	91	93	122
Long-term operating lease liabilities	611	603	588	606	596
Other long-term liabilities	345	283	285	259	272
Total long-term liabilities	4,778	4,690	4,636	3,750	5,031
Common stock, $0.001 par value; 300 shares authorized; 117 shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	1,160	1,274	1,298	1,238	1,179
Retained earnings	888	572	185	−4	43
Accumulated other comprehensive loss	−187	−246	−217	−222	−84
Total equity	1,861	1,601	1,266	1,012	1,138
Total liabilities and equity	8,194	7,712	7,492	6,269	8,717

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock compensation expense	77	87	78	77	31
Accretion of debt	10	11	11	16	18
Deferred tax expense	99	57	31	80	7
Other	24	11	54	70	55
Accounts receivable	−47	−47	−46	−100	−171
Other assets	−38	−106	−9	−3	23
Accounts payable	−22	−8	−48	62	98
Accrued expenses and other liabilities	62	−33	4	42	20
Net cash provided by operating activities from continuing operations	986	808	694	824	490
Payment for purchases of property and equipment	−657	−789	−1,533	−521	−269
Proceeds from sale of property and equipment	41	75	29	88	131
Proceeds from settlement of cross currency swaps	0	0	2	29	0
Proceeds from sale of investment	0	12	0	0	—
Net cash used in investing activities from continuing operations	−616	−702	−1,502	−404	−141
Proceeds from issuance of debt	0	0	2,962	0	—
Repurchase of debt	−115	0	−2,117	−1,068	−2,769
Repayment of debt and finance leases	−73	−82	−71	−61	−80
Payment of debt issuance costs	−3	−4	−27	0	−5
Repurchase of common stock	−125	0	0	—	—
Change in bank overdrafts	23	−9	34	−20	—
Payment for tax withholdings for restricted shares	−50	−129	−19	−27	−28
Other	4	−1	−1	3	−5
Net cash provided by (used in) financing activities from continuing operations	−339	−226	761	−861	−1,933
Operating activities of discontinued operations	0	0	−12	8	231
Investing activities of discontinued operations	0	0	3	649	−136
Financing activities of discontinued operations	0	0	0	−1	−301
Net cash used in discontinued operations	0	0	−9	656	−206
Effect of exchange rates on cash, cash equivalents and restricted cash	−1	0	5	−18	−2
Net increase (decrease) in cash, cash equivalents and restricted cash	31	−120	−51	197	−1,792
Cash paid for interest	229	223	185	145	253

Filings

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