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GXO Stock Price Correlated With GXO Logistics Financials

GXO Stock Price vs. Quarterly
GXO
Income Statement
Cash Flow
Balance Sheet

GXO Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

GXO Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

GXO Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Orbis Allan Gray
14,992,756 sh
-760,694 sh
-5%
$916,957
-$72,674
Vanguard Group
11,145,865 sh
72,764 sh
1%
$681,681
$32,244
Blackrock.
10,601,704 sh
-176,935 sh
-2%
$648,399
$16,232
Perpetual
5,058,220 sh
-39,464 sh
-1%
$309,361
$10,382
American Century Companies
3,895,363 sh
3,895,363 sh
NEW
$238,240
$238,240
State Street
3,486,087 sh
96,887 sh
3%
$213,209
$14,432
Morgan Stanley
3,325,391 sh
272,102 sh
9%
$203,380
$24,303
Clearbridge Investments
2,941,518 sh
75,712 sh
3%
$179,903
$11,823
Neuberger Berman Group
2,492,140 sh
654,093 sh
36%
$152,420
$44,619
FMR
2,281,572 sh
107,691 sh
5%
$139,541
$12,042
Amundi
1,996,704 sh
145,762 sh
8%
$118,244
$19,589
Dimensional Fund Advisors
1,835,488 sh
-216,780 sh
-11%
$112,265
-$8,099
Geode Capital Management
1,825,441 sh
57,870 sh
3%
$111,662
$7,976
Mar Vista Investment Partners
1,534,170 sh
-94,634 sh
-6%
$93,830
-$1,699
Invesco.
1,480,371 sh
14,104 sh
1%
$90,539
$4,542
Cardinal Capital Management /CT
1,300,735 sh
-230,123 sh
-15%
$79,553
-$10,232
Fort Pitt Capital Group
1,155,369 sh
5,971 sh
1%
$70,662
$3,250
Charles Schwab Investment Management
1,134,844 sh
21,454 sh
2%
$69,407
$4,107
Federated Hermes.
1,126,959 sh
33,320 sh
3%
$68,925
$4,783
British Columbia Investment
1,071,446 sh
915,446 sh
587%
$65,530
$56,381
COMPANY PROFILE
1. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of GXO Logistics, Inc. (“GXO” or the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and pursuant to the rules of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”).

In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.

On August 2, 2021, the Company completed the separation from XPO Logistics, Inc. (“XPO”) (the “Separation”). Prior to the Separation, the Company’s financial statements were prepared on a standalone combined basis and were derived from the consolidated financial statements and accounting records of XPO. On August 2, 2021, the Company became a standalone publicly-traded company, and its financial statements post-Separation are prepared on a consolidated basis. The combined consolidated financial statements for all periods presented prior to the Separation are now also referred to as “condensed consolidated financial statements” and have been prepared under GAAP.

Prior to the Separation, the Company’s historical assets and liabilities presented were wholly owned by XPO and were reflected on a historical cost basis. In connection with the Separation, the Company’s assets and liabilities were transferred to the Company on a carryover basis.

Prior to the Separation, the historical results of operations included allocations of XPO costs and expenses, including XPO’s corporate function, which incurred a variety of expenses including, but not limited to, information technology, human resources, accounting, sales and sales operations, procurement, executive services, legal, corporate finance and communications. An allocation of these expenses is included to burden all business units comprising XPO’s historical results of operations, including GXO. The charges reflected have been either specifically identified or allocated using drivers including proportional adjusted earnings before interest, taxes, depreciation and amortization, which include adjustments for transaction and integration costs, as well as restructuring costs and other adjustments, or headcount. The majority of these allocated costs is recorded within Selling, general and administrative expense; Depreciation and amortization expense; and Transaction and integration costs in the Condensed Consolidated Statements of Operations.

The Company’s consolidated financial statements include the accounts of GXO and its majority-owned subsidiaries and variable interest entities of which the Company is the primary beneficiary. The Company has eliminated intercompany accounts and transactions.

The Company presents its operations as one reportable segment.

Recently Adopted Accounting Pronouncements

In October 2021, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The ASU clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. On January 1, 2022, the Company adopted the gui

Free historical financial statements for GXO Logistics Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 8 quarters since 2022. Compare with GXO stock chart to see long term trends.

Data imported from GXO Logistics Inc. SEC filings. Check original filings before making any investment decision.