XPO Logistics, Inc. XPO Cash Flow

Xpo logistics, inc. (XPO)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
25,000	107,000	136,000	145,000	52,000	91,000	115,000	159,000	79,000	206,900	71,000	57,200	24,900	32,600	21,300	50,400	-19,300	-62,900	-35,500	-78,500	-14,700	-9,900	-11,600	-13,800	-28,300	-10,568	-6,026	-17,362	-14,544	-9,280	-3,149	-5,177	-2,694	-1,462	190	914	1,117
Adjustments to reconcile net income to net cash from operating activities
Provisions for allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,000	2,200	745	1,228	396	231	255	561	31	53	242	-24	-15	16
Depreciation, Depletion and Amortization, Nonproduction
183,000	193,000	186,000	180,000	180,000	188,000	180,000	177,000	171,000	168,900	167,300	164,400	157,400	157,600	161,800	161,500	162,100	173,000	102,000	56,100	33,800	34,500	27,300	25,200	11,300	9,057	8,394	1,795	1,554	1,238	721	424	317	296	305	323	316
Stock compensation expense
18,000	19,000	17,000	18,000	13,000	-15,000	19,000	23,000	22,000	28,900	16,600	18,200	15,300	20,800	13,700	8,600	11,900	8,200	2,800	14,600	2,300	1,900	1,800	1,600	2,200	1,326	1,227	1,050	1,097	915	1,219	1,233	1,033	883	213	45	39
Accretion of debt
4,000	5,000	7,000	4,000	5,000	4,000	3,000	4,000	4,000	4,500	4,800	5,100	4,600	4,700	4,300	4,100	3,900	-	-	-	-	3,100	1,500	1,300	1,400	1,563	1,521	1,478	1,438	-	-	-	-	-	-	-	-
Deferred tax benefit
-2,000	20,000	14,000	17,000	-5,000	31,000	6,000	1,000	7,000	-154,900	7,900	-6,500	-4,500	-18,700	-5,000	25,400	-22,700	-50,000	-12,500	-13,600	-15,800	-1,300	-21,600	-2,600	-4,500	-3,818	-19,049	32	135	-4,024	-5,813	1,524	13	-1,115	88	278	422
Gain (Loss) on Extinguishment of Debt
0	0	0	0	-5,000	0	-17,000	0	-10,000	-22,400	-4,600	0	-9,000	-16,800	-53,200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on foreign currency option and forward contracts
4,000	-4,000	4,000	-7,000	-2,000	7,000	1,000	16,000	-4,000	900	-9,500	-28,500	-11,900	37,200	200	4,800	-2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of property and equipment
27,000	37,000	33,000	19,000	21,000	5,000	1,000	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,300	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5,000	-4,000	6,000	-10,000	-13,000	-1,000	-49,000	14,000	28,000	-5,900	-14,600	900	-6,400	700	-7,900	-2,900	2,100	-500	14,100	-14,100	-8,900	-8,900	-2,400	0	100	-2,601	71	-81	211	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
-44,000	-123,000	-99,000	43,000	246,000	-249,000	83,000	79,000	100,000	120,200	87,300	97,300	15,200	75,000	84,500	25,400	-30,900	-10,100	-8,400	61,300	-50,600	70,400	16,200	900	56,400	8,904	3,962	14,363	9,771	5,722	2,582	3,517	1,979	-3,664	1,774	651	-388
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,800	-	500	100	2,300	762	70	82	-814	224	-436	349	-1,737	718	10	-835	346
Other assets
16,000	35,000	-11,000	-7,000	30,000	-50,000	-4,000	13,000	90,000	46,600	8,600	-15,800	52,600	-85,500	19,700	-13,000	65,800	67,800	-30,300	-7,600	5,400	-7,900	-4,900	3,700	-100	627	2,098	213	62	-1,236	-59	-1,285	1,780	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	570	-132	-87
Other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	100	-	69	26	2	312	-30	-84	102	-	-	-	-14
Accounts payable
-69,000	33,000	-72,000	-24,000	-57,000	39,000	40,000	11,000	-55,000	91,400	60,200	44,600	-56,200	152,700	-72,300	12,100	-90,500	8,600	-37,100	-12,200	-10,600	14,200	1,900	-10,900	48,700	6,925	2,288	-596	-3,417	14,036	-1,823	-3,131	1,818	1,434	-1,759	175	-41
Accrued expenses and other liabilities
19,000	-87,000	-77,000	-42,000	-7,000	-36,000	-60,000	16,000	-43,000	72,200	33,000	-18,700	-85,500	-121,700	56,500	12,900	-3,700	29,000	13,600	18,500	-17,600	11,100	15,900	-8,400	10,200	-2,814	4,075	6,598	-3,659	-7,455	4,439	-466	2,282	-322	2,144	-748	257
Net cash provided by (used in) operating activities
180,000	349,000	278,000	260,000	-96,000	566,000	288,000	267,000	-19,000	265,500	293,600	210,400	15,500	217,400	137,000	260,700	6,900	51,400	62,600	-70,500	47,300	-8,000	13,400	-18,000	-8,700	-4,755	-12,472	-21,048	-28,025	-7,381	-6,782	-7,361	-2,776	3,304	-259	1,583	1,983
Investing activities
Payment for purchases of property and equipment
139,000	188,000	177,000	118,000	118,000	138,000	145,000	126,000	142,000	114,100	127,900	139,600	122,400	164,500	94,500	109,300	114,700	134,600	72,500	30,500	11,400	23,000	11,800	5,900	3,900	5,065	2,671	2,783	1,081	3,014	1,417	1,733	836	312	182	174	86
Proceeds from sale of property and equipment
54,000	60,000	107,000	38,000	47,000	51,000	30,000	52,000	10,000	58,400	17,400	21,700	20,500	11,100	22,300	18,100	17,500	21,600	14,400	24,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Collection of Retained Interest in Securitized Receivables
0	0	49,000	66,000	71,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,277,200	-900	1,552,500	58,200	300	612,700	10,000	191,000	106,534	332,606	3,100	16,560	-	-	-	-	-	-	-	-
Other
-6,000	-2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	25	0	0	-125	-	-	-	-	-	-	-	-
Net cash used in investing activities
-79,000	-126,000	-21,000	-14,000	0	-66,000	-138,000	-64,000	-132,000	-55,700	-110,500	-117,900	-101,900	394,000	-71,900	-82,900	-97,200	-2,390,200	-60,000	-1,565,600	-69,600	-23,400	-624,400	-15,800	-194,700	-111,624	-335,277	-5,883	-17,516	-53,203	-4,265	-5,446	-1,286	142	-173	-174	-536
Financing activities
Proceeds from borrowings related to securitization program
182,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt
0	3,000	-7,000	7,000	1,751,000	178,000	2,000	-11,000	905,000	295,500	0	0	523,500	200	1,377,800	0	0	1,555,100	41,500	2,140,500	414,700	0	500,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of debt
-	-	-	-	-	0	413,000	0	812,000	604,100	271,500	0	511,400	554,800	1,334,200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit line, net activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-396	-2,353
Proceeds from borrowings on ABL facility
620,000	245,000	335,000	280,000	1,075,000	430,000	245,000	290,000	390,000	500,000	175,000	140,000	180,000	100,000	0	60,000	200,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings on ABL facility
20,000	245,000	335,000	280,000	1,075,000	430,000	245,000	450,000	330,000	400,000	175,000	240,000	110,000	70,000	100,000	60,000	100,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt and finance leases
25,000	17,000	285,000	31,000	534,000	34,000	26,000	22,000	37,000	25,100	20,600	31,100	29,200	24,600	36,400	48,200	41,800	148,200	308,200	759,200	0	-	-	-	-	-	-	-	-	-	71	-66	2,084	-	370	416	429
Payment for debt issuance costs
0	0	1,000	3,000	24,000	4,000	0	0	6,000	4,200	3,900	0	8,900	1,100	24,900	0	0	35,000	0	3,400	4,500	0	10,400	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition earn-out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	450	-	0	0	450
Excess tax benefit from stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	-	0	0	97
Proceeds from common stock offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	717,300	0	414,000	-	-	-	-	39	0	-24	136,985	-	-	-	-
Repurchase of common stock
114,000	0	0	120,000	1,227,000	536,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings on revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	75,000	-	-	-	-	-	-	-	-	-	-	-	-
Payment for cash held as collateral in lending arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,800	11,300	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of cash held as collateral in lending arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in bank overdrafts
42,000	-	-28,000	24,000	6,000	-	10,000	-48,000	56,000	-	8,100	-17,000	20,400	-41,900	35,800	-29,200	18,300	-26,700	33,700	-19,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-102	233	-	0	0	727
Payment for tax withholdings for restricted shares
16,000	3,000	6,000	3,000	2,000	4,000	3,000	6,000	40,000	1,800	1,000	3,800	10,400	1,700	9,300	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for equity issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	32,600	0	800	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	4,000	2,000	1,000	1,000	3,700	1,600	1,000	700	2,500	1,000	800	700	600	700	800	700	700	700	800	700	1,415	99	743	743	-1,050	750	750	750	-	-	-	-
Other
-1,000	2,000	2,000	4,000	1,000	3,000	1,000	3,000	1,000	-8,000	-2,100	800	300	-1,300	9,100	2,200	0	-1,900	-3,400	600	3,000	-3,400	-2,600	-500	-400	-3,441	-479	-353	173	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
668,000	-280,000	-326,000	-124,000	-29,000	-419,000	-82,000	-245,000	126,000	-262,500	-5,000	-152,100	53,600	-597,700	-83,100	-76,000	75,800	1,342,700	112,500	1,777,200	412,500	-4,600	1,179,500	1,500	325,800	70,513	236,853	-1,096	-570	16,388	116,838	-977	134,551	-912	71,258	-812	-1,958
Effect of exchange rates on cash, cash equivalents and restricted cash
-19,000	9,000	-5,000	-2,000	0	-7,000	-3,000	-15,000	8,000	6,600	3,700	3,700	2,000	-5,200	500	-3,000	3,700	-	-5,600	400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
750,000	-48,000	-74,000	120,000	-125,000	74,000	65,000	-57,000	-17,000	-46,100	181,800	-55,900	-30,800	8,500	-17,500	98,800	-10,800	-995,500	109,500	141,500	390,200	-36,000	568,500	-32,300	122,400	-45,866	-110,896	-28,027	-46,111	-44,196	105,791	-13,784	130,489	2,534	70,826	597	-511
Supplemental disclosure of cash flow information:
Leased assets obtained in exchange for new operating lease liabilities
156,000	-	-	-	175,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leased assets obtained in exchange for new finance lease liabilities
8,000	-	-	-	13,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
76,000	80,000	77,000	76,000	49,000	61,000	47,000	82,000	43,000	97,500	43,900	84,100	48,500	103,900	80,700	105,800	72,600	74,700	44,600	9,000	39,900	3,700	10,600	400	4,300	5,789	3,274	9	3,328	-29	14	3	12	-56	91	47	28
Cash paid for income taxes
7,000	32,000	31,000	50,000	8,000	24,000	19,000	24,000	3,000	19,100	18,500	22,500	18,900	-700	14,800	22,100	4,800	14,000	12,600	1,800	-13,900	3,400	-800	1,200	-1,500	-707	1	174	732	-44	85	75	84	32	102	174	-75
Non-cash investing and financing activities:
Property plant and equipment acquired through an increase in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity portion of acquisition purchase price
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	800	-	30,100	-600	108,800	-46	7,357	516	2,573	-	-	-	-	-	-	-	-
Equity issued upon conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,700	0	35,600	-	0	0	10,500	-	-	-	-	-	-	-	-	-	-	-	-