Xpo logistics, inc. (XPO)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

1,127

377

425

497

376

502

427

361

380

397

473

291

342

373

360

377

279

289

1,285

1,175

1,034

644

680

111

143

21

67

178

206

252

296

190

204

74

71

0

0

Restricted cash, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

690

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowances of $63 and $58, respectively

2,415

2,500

2,577

2,723

2,753

2,596

2,914

2,855

2,858

2,725

2,601

2,481

2,338

2,313

2,338

2,266

2,265

2,266

1,647

1,673

504

543

475

342

342

134

123

89

73

61

42

30

24

22

26

24

24

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

16

-

16

12

8

3

3

2

1

1

1

0

0

0

0

0

0

Deferred tax asset, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

22

1

-

8

6

6

3

1

0

1

1

1

0

1

0

0

0

0

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

0

-

13

-

-

0

2

2

2

2

2

2

2

1

0

0

1

Other current assets

464

465

424

570

554

590

487

496

567

466

507

485

416

386

473

461

497

401

284

194

10

36

9

9

10

7

5

4

3

1

1

0

1

0

0

0

0

Total current assets

4,006

3,342

3,426

3,790

3,683

3,688

3,830

3,713

3,805

3,588

3,581

3,258

3,096

3,073

3,171

3,106

3,041

2,957

3,240

3,894

1,567

1,223

1,203

483

512

170

202

277

289

320

346

225

235

99

99

26

27

Property and equipment, net of $2,138 and $2,054 in accumulated depreciation, respectively

2,632

2,704

2,589

2,551

2,559

2,605

2,705

2,692

2,725

2,664

2,602

2,542

2,531

2,537

2,711

2,754

2,820

2,852

955

958

219

221

224

97

98

56

39

15

14

13

8

6

4

2

2

2

2

Operating lease assets

2,143

2,245

2,110

2,074

2,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

4,395

4,450

4,374

4,451

4,443

4,467

4,494

4,505

4,627

4,564

4,534

4,466

4,352

4,325

4,734

4,732

4,787

4,610

3,445

3,391

967

929

918

540

539

363

302

69

66

55

22

19

16

16

16

16

16

Identifiable intangible assets, net of $825 and $850 in accumulated amortization, respectively

1,046

1,092

1,114

1,168

1,204

1,253

1,298

1,340

1,410

1,435

1,468

1,490

1,501

1,534

1,591

1,637

1,704

1,876

1,159

1,230

343

341

363

231

250

185

154

30

29

22

10

8

7

8

8

8

8

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

3

3

-

2

2

2

113

106

94

-

9

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Restricted cash, long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

5

-

10

17

13

2

-

-

-

-

-

-

-

-

-

-

-

Loans and advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other long-term assets

340

295

303

280

260

257

347

367

392

351

172

170

204

226

208

197

236

233

129

121

30

23

26

10

9

2

1

0

0

0

0

0

0

0

0

0

0

Total long-term assets

10,556

10,786

10,490

10,524

10,513

8,582

8,845

8,906

9,155

9,014

8,776

8,673

8,592

8,624

9,247

9,324

9,551

9,686

5,795

5,808

1,565

1,525

1,542

897

911

610

497

116

111

92

41

35

29

28

28

28

29

Total assets

14,562

14,128

13,916

14,314

14,196

12,270

12,676

12,619

12,961

12,602

12,358

11,931

11,688

11,698

12,419

12,430

12,592

12,643

9,036

9,702

3,133

2,749

2,746

1,380

1,423

780

700

394

400

413

387

260

265

127

128

55

56

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

1,057

1,157

1,132

1,176

1,188

1,258

1,231

1,209

1,214

1,251

1,158

1,077

990

1,056

912

986

997

1,063

958

1,030

245

252

241

216

227

71

36

23

20

22

12

8

10

8

7

8

8

Accrued salaries and wages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

304

46

-

45

16

19

11

8

5

2

3

2

1

2

2

0

0

1

Accrued expenses

1,446

1,414

1,417

1,491

1,507

1,480

1,517

1,501

1,501

1,526

1,517

1,395

1,346

1,382

1,476

1,391

1,352

1,291

648

325

98

119

47

30

45

9

33

23

20

21

11

6

4

2

4

2

2

Short-term borrowings and current maturities of long-term debt

260

84

64

340

114

367

-

-

-

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term operating lease liabilities

456

468

454

481

448

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

-

84

84

90

-

90

117

135

136

117

121

134

135

120

365

1

1

2

1

1

2

0

0

0

0

0

0

0

1

1

1

1

Deferred tax liability, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Other current liabilities

166

135

140

183

184

208

161

144

206

116

142

143

125

156

188

141

228

203

193

104

7

6

7

6

6

4

5

1

1

1

1

1

0

0

0

0

0

Total current liabilities

3,385

3,258

3,207

3,671

3,441

3,313

2,995

2,940

3,012

2,997

2,907

2,733

2,597

2,731

2,693

2,640

2,712

2,694

1,948

2,129

398

381

345

272

301

99

84

55

45

49

28

16

18

16

15

14

15

Long-term debt

5,766

5,182

5,121

5,134

5,362

3,902

4,005

4,406

4,612

4,418

4,541

4,754

4,810

4,731

5,297

5,342

5,379

5,272

3,359

3,074

915

580

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

505

495

483

463

442

444

428

422

416

419

535

547

569

572

703

712

719

933

345

388

41

74

83

21

24

15

18

6

6

6

9

3

2

2

2

2

2

Convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

63

-

102

101

99

106

112

111

109

108

92

-

-

-

-

-

-

Revolving credit facility and other long-term debt, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

0

-

0

0

0

75

0

0

1

0

0

-

-

0

0

0

2

Long-term debt and capital leases, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

1

2

Employee benefit obligations

152

157

141

145

145

153

157

159

163

162

211

227

247

251

278

284

302

312

106

127

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities

1,689

1,776

1,671

1,611

1,586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

337

364

328

378

387

488

499

551

652

596

464

419

375

373

370

373

396

369

136

159

35

58

61

34

32

28

27

3

3

3

3

2

0

0

0

0

0

Total long-term liabilities

8,449

7,974

7,744

7,731

7,922

4,987

5,091

5,539

5,844

5,595

5,752

5,948

6,003

5,929

6,649

6,712

6,797

6,888

3,948

4,081

1,056

713

748

157

157

225

159

122

121

119

106

5

3

3

3

4

7

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

Redeemable noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity:
Convertible perpetual preferred stock, $0.001 par value; 10 shares authorized; 0.07 of Series A shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

41

41

41

41

41

41

41

41

41

41

41

41

41

41

42

42

42

42

42

590

-

42

-

42

42

42

42

42

42

42

42

42

42

42

42

0

0

Common stock, $0.001 par value; 300 shares authorized; 91 and 92 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

1,943

2,061

2,056

2,054

2,122

3,311

3,913

3,561

3,558

3,590

3,581

3,255

3,239

3,244

3,233

3,229

3,219

3,212

3,168

2,554

1,870

1,831

1,413

1,063

1,063

525

514

267

266

262

260

241

241

102

101

28

27

Treasury stock, at cost, 0 and 45,000 shares held at December 31, 2014 and December 31, 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Retained earnings

804

786

680

563

428

377

286

177

32

-43

-259

-321

-372

-392

-428

-443

-488

-465

-402

-309

-234

-219

-167

-155

-140

-111

-100

-93

-75

-60

-50

-46

-40

-36

-35

8

6

Accumulated other comprehensive loss

-210

-145

-205

-153

-153

-154

-59

-48

48

16

-54

-94

-167

-193

-125

-100

-47

-72

0

-20

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity before noncontrolling interests

2,578

2,743

2,572

2,505

2,438

3,575

4,181

3,732

3,680

3,604

3,308

2,880

2,741

2,700

2,722

2,728

3,081

2,717

3,139

2,823

1,678

1,655

1,652

950

964

455

456

216

233

245

252

238

243

108

108

36

34

Noncontrolling interests

150

153

393

407

395

395

408

407

424

406

389

369

346

337

353

348

355

343

331

8

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

2,728

2,896

2,965

2,912

2,833

3,970

4,589

4,139

4,104

4,010

3,698

3,249

3,087

3,037

3,075

3,077

-

3,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

14,562

14,128

13,916

14,314

14,196

12,270

12,676

12,619

12,961

12,602

12,358

11,931

11,688

11,698

12,419

12,430

12,592

12,643

9,036

9,702

3,133

2,749

2,746

1,380

1,423

780

700

394

400

413

387

260

265

127

128

55

56