XPO Logistics, Inc. XPO Cash Flow

Xpo logistics, inc. (XPO)
CashFlow / TTM

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
413,000	440,000	424,000	403,000	417,000	444,000	559,900	515,900	414,100	360,000	185,700	136,000	129,200	85,000	-10,500	-67,300	-196,200	-191,600	-138,600	-114,700	-50,000	-63,600	-64,268	-58,694	-62,256	-48,500	-47,212	-44,335	-32,150	-20,300	-12,482	-9,143	-3,052	759	0	0	0
Adjustments to reconcile net income to net cash from operating activities
Provisions for allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,845	5,173	4,569	2,600	2,110	1,443	1,078	900	887	302	256	219	0	0	0
Depreciation, Depletion and Amortization, Nonproduction
742,000	739,000	734,000	728,000	725,000	716,000	696,900	684,200	671,600	658,000	646,700	641,200	638,300	643,000	658,400	598,600	493,200	364,900	226,400	151,700	120,800	98,300	72,857	53,951	30,546	20,800	12,981	5,308	3,937	2,700	1,758	1,342	1,241	1,240	0	0	0
Stock compensation expense
72,000	67,000	33,000	35,000	40,000	49,000	92,900	90,500	85,700	79,000	70,900	68,000	58,400	55,000	42,400	31,500	37,500	27,900	21,600	20,600	7,600	7,500	6,926	6,353	5,803	4,700	4,289	4,281	4,464	4,400	4,368	3,362	2,174	1,180	0	0	0
Accretion of debt
20,000	21,000	20,000	16,000	16,000	15,000	15,500	17,300	18,400	19,000	19,200	18,700	17,700	17,000	0	0	0	-	-	-	-	7,300	5,763	5,784	5,962	6,000	0	0	0	-	-	-	-	-	-	-	-
Deferred tax benefit
49,000	46,000	57,000	49,000	33,000	45,000	-140,900	-139,000	-146,500	-158,000	-21,800	-34,700	-2,800	-21,000	-52,300	-59,800	-98,800	-91,900	-43,200	-52,300	-41,300	-30,000	-32,518	-29,967	-27,335	-22,700	-22,906	-9,670	-8,178	-8,300	-5,391	510	-736	-327	0	0	0
Gain (Loss) on Extinguishment of Debt
0	-5,000	-5,000	-22,000	-22,000	-27,000	-49,400	-37,000	-37,000	-36,000	-30,400	-79,000	-79,000	-70,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on foreign currency option and forward contracts
-3,000	-9,000	2,000	-1,000	22,000	20,000	13,900	3,400	-41,100	-49,000	-12,700	-3,000	30,300	40,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of property and equipment
116,000	110,000	78,000	46,000	29,000	8,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-13,000	-21,000	-18,000	-73,000	-49,000	-8,000	-12,900	21,500	8,400	-26,000	-19,400	-12,700	-16,500	-8,000	-9,200	12,800	1,600	-9,400	-17,800	-34,300	-20,200	-11,200	-4,901	-2,430	-2,511	-2,400	0	0	0	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
-223,000	67,000	-59,000	123,000	159,000	13,000	382,200	386,500	404,800	320,000	274,800	272,000	200,100	154,000	68,900	-24,000	11,900	-7,800	72,700	97,300	36,900	143,900	82,404	70,166	83,629	37,000	33,818	32,438	21,592	13,800	4,414	3,606	740	-1,627	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,662	3,232	3,214	100	-438	-944	-677	-1,600	-1,106	-660	-1,844	239	0	0	0
Other assets
33,000	47,000	-38,000	-31,000	-11,000	49,000	145,600	158,200	129,400	92,000	-40,100	-29,000	-26,200	-13,000	140,300	90,300	95,700	35,300	-40,400	-15,000	-3,700	-9,200	-673	6,325	2,838	3,000	1,137	-1,020	-2,518	-800	0	0	0	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	409	310	200	300	0	0	0	-	-	-	0
Accounts payable
-132,000	-120,000	-114,000	-2,000	33,000	35,000	87,400	107,600	141,200	140,000	201,300	68,800	36,300	2,000	-142,100	-106,900	-131,200	-51,300	-45,700	-6,700	-5,400	53,900	46,625	47,013	57,317	5,200	12,311	8,200	5,665	10,900	-1,702	-1,638	1,668	-191	0	0	0
Accrued expenses and other liabilities
-187,000	-213,000	-162,000	-145,000	-87,000	-123,000	-14,800	78,200	43,500	1,000	-192,900	-169,400	-137,800	-56,000	94,700	51,800	57,400	43,500	25,600	27,900	1,000	28,800	14,886	3,061	18,059	4,200	-441	-77	-7,141	-1,200	5,933	3,638	3,356	1,331	0	0	0
Net cash provided by (used in) operating activities
1,067,000	791,000	1,008,000	1,018,000	1,025,000	1,102,000	801,500	807,100	750,500	785,000	736,900	580,300	630,600	622,000	456,000	381,600	50,400	90,800	31,400	-17,800	34,700	-21,300	-18,055	-43,927	-46,975	-66,300	-68,926	-63,236	-49,549	-24,300	-13,615	-7,092	1,852	6,611	0	0	0
Investing activities
Payment for purchases of property and equipment
622,000	601,000	551,000	519,000	527,000	551,000	527,100	510,000	523,600	504,000	554,400	521,000	490,700	483,000	453,100	431,100	352,300	249,000	137,400	76,700	52,100	44,600	26,665	17,536	14,419	11,600	9,549	8,295	7,245	7,000	4,298	3,063	1,504	754	0	0	0
Proceeds from sale of property and equipment
259,000	252,000	243,000	166,000	180,000	143,000	150,400	137,800	107,500	118,000	70,700	75,600	72,000	69,000	79,500	71,600	77,800	60,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Collection of Retained Interest in Securitized Receivables
115,000	186,000	186,000	137,000	71,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,887,000	1,610,100	2,223,700	681,200	814,000	920,234	640,140	633,240	458,800	0	0	0	-	-	-	-	-	-	-	-
Other
-8,000	-2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-175	-100	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-240,000	-161,000	-101,000	-218,000	-268,000	-400,000	-389,700	-362,200	-416,100	-386,000	63,700	102,300	137,300	142,000	-2,642,200	-2,630,300	-4,113,000	-4,085,400	-1,718,600	-2,283,000	-733,200	-858,300	-946,524	-657,401	-647,484	-470,300	-411,879	-80,867	-80,430	-64,200	-10,855	-6,763	-1,491	-741	0	0	0
Financing activities
Proceeds from borrowings related to securitization program
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt
3,000	1,754,000	1,929,000	1,938,000	1,920,000	1,074,000	1,191,500	1,189,500	1,200,500	819,000	523,700	1,901,500	1,901,500	1,378,000	2,932,900	1,596,600	3,737,100	4,151,800	2,596,700	3,055,200	914,700	500,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of debt
-	-	-	-	-	1,225,000	1,829,100	1,687,600	1,687,600	1,387,000	1,337,700	2,400,400	2,400,400	1,889,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit line, net activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from borrowings on ABL facility
1,480,000	1,935,000	2,120,000	2,030,000	2,040,000	1,355,000	1,425,000	1,355,000	1,205,000	995,000	595,000	420,000	340,000	360,000	260,000	260,000	200,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings on ABL facility
880,000	1,935,000	2,120,000	2,030,000	2,200,000	1,455,000	1,425,000	1,355,000	1,145,000	925,000	595,000	520,000	340,000	330,000	260,000	160,000	100,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt and finance leases
358,000	867,000	884,000	625,000	616,000	119,000	110,100	104,700	113,800	106,000	105,500	121,300	138,400	151,000	274,600	546,400	1,257,400	1,215,600	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Payment for debt issuance costs
4,000	28,000	32,000	31,000	28,000	10,000	10,200	14,100	14,100	17,000	13,900	34,900	34,900	26,000	59,900	35,000	38,400	42,900	7,900	18,300	14,900	10,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition earn-out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Excess tax benefit from stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Proceeds from common stock offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,131,300	0	0	0	-	-	-	-	137,000	0	0	0	-	-	-	-
Repurchase of common stock
234,000	1,347,000	1,883,000	1,883,000	1,763,000	536,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings on revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment for cash held as collateral in lending arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of cash held as collateral in lending arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in bank overdrafts
0	-	0	0	0	-	0	0	32,600	-	-30,400	-2,700	-14,900	-17,000	-1,800	-3,900	6,000	-12,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Payment for tax withholdings for restricted shares
28,000	14,000	15,000	12,000	15,000	53,000	50,800	48,800	46,600	17,000	16,900	25,200	21,400	11,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for equity issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	8,000	7,700	7,300	7,300	7,000	5,800	5,200	5,000	5,000	3,100	2,800	2,800	2,800	2,900	2,900	2,900	2,900	3,615	3,014	2,957	3,000	535	1,186	1,193	1,200	0	0	0	-	-	-	-
Other
7,000	9,000	10,000	9,000	8,000	8,000	-3,000	-6,100	-8,300	-9,000	-2,300	8,900	10,300	10,000	9,400	-3,100	-4,700	-1,700	-3,200	-2,400	-3,500	-6,900	-6,941	-4,820	-4,673	-4,100	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-62,000	-759,000	-898,000	-654,000	-775,000	-620,000	-463,500	-386,500	-293,600	-366,000	-701,200	-779,300	-703,200	-681,000	1,259,400	1,455,000	3,308,200	3,644,900	2,297,600	3,364,600	1,588,900	1,502,200	1,577,313	634,666	632,070	305,700	251,575	131,560	131,679	266,800	249,500	203,920	204,085	67,576	0	0	0
Effect of exchange rates on cash, cash equivalents and restricted cash
-17,000	2,000	-14,000	-12,000	-25,000	-17,000	-3,400	3,300	22,000	16,000	4,200	1,000	-5,700	-4,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
748,000	-127,000	-5,000	134,000	-43,000	65,000	-55,100	61,700	62,800	49,000	103,600	-95,700	59,000	79,000	-925,000	-798,000	-755,300	-354,300	605,200	1,064,200	890,400	622,600	612,734	-66,662	-62,389	-230,900	-229,230	-12,543	1,700	178,300	225,030	190,065	204,446	73,446	0	0	0
Supplemental disclosure of cash flow information:
Leased assets obtained in exchange for new operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leased assets obtained in exchange for new finance lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
309,000	282,000	263,000	233,000	239,000	233,000	269,500	266,400	268,500	274,000	280,400	317,200	338,900	363,000	333,800	297,700	200,900	168,200	97,200	63,200	54,600	19,000	21,089	13,763	13,372	12,400	6,582	3,322	3,316	0	-27	50	94	110	0	0	0
Cash paid for income taxes
120,000	121,000	113,000	101,000	75,000	70,000	65,100	64,600	63,100	79,000	59,200	55,500	55,100	41,000	55,700	53,500	33,200	14,500	3,900	-9,500	-10,100	2,300	-1,807	-1,006	-2,032	200	863	947	848	200	276	293	392	233	0	0	0
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	0	0	-	138,254	115,511	116,627	10,400	0	0	0	-	-	-	-	-	-	-	-
Equity issued upon conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-