XPO, Inc. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	332	387	189	666	336	110
Depreciation & Amortization	513	490	432	392	385	378
Loss (Gain) From Sale of Assets	-37	-40	-5	-60	-72	-90
Asset Writedown & Restructuring Costs	-	-	-	64	-	-
Stock-Based Compensation	69	87	78	77	31	37
Other Operating Activities	126	78	99	-316	-160	-231
Change in Accounts Receivable	-66	-47	-46	-100	-171	-
Change in Accounts Payable	7	-8	-48	62	98	-2
Change in Other Net Operating Assets	5	-139	-5	39	43	94
Operating Cash Flow	949	808	682	832	721	885
Operating Cash Flow Growth	9.21%	18.48%	-18.03%	15.39%	-18.53%	11.88%
Capital Expenditures	-717	-789	-1,533	-521	-269	-249
Sale of Property, Plant & Equipment	76	75	29	88	131	175
Investment in Securities	4	12	-	-	-	-
Other Investing Activities	1	-	5	678	-139	-283
Investing Cash Flow	-636	-702	-1,499	245	-277	-357
Short-Term Debt Issued	-	-	34	275	-	21
Long-Term Debt Issued	-	-	2,962	-	-	2,198
Total Debt Issued	-8	-	2,996	275	-	2,219
Short-Term Debt Repaid	-	-9	-	-295	-	-
Long-Term Debt Repaid	-	-82	-2,188	-1,129	-3,073	-885
Total Debt Repaid	-133	-91	-2,188	-1,424	-3,073	-885
Net Debt Issued (Repaid)	-141	-91	808	-1,149	-3,073	1,334
Issuance of Common Stock	-	-	-	-	384	-
Repurchase of Common Stock	-212	-129	-19	-27	-28	-140
Other Financing Activities	1	-6	-28	314	483	-58
Financing Cash Flow	-352	-226	761	-862	-2,234	1,136
Foreign Exchange Rate Adjustments	-6	-	5	-18	-2	14
Miscellaneous Cash Flow Adjustments	1	-1	-	-	-	-
Net Cash Flow	-44	-121	-51	197	-1,792	1,678
Free Cash Flow	232	19	-851	311	452	636
Free Cash Flow Growth	-	-	-	-31.20%	-28.93%	54.37%
Free Cash Flow Margin	2.88%	0.24%	-10.99%	4.03%	6.28%	10.31%
Free Cash Flow Per Share	1.93	0.16	-7.21	2.68	3.96	6.91
Cash Interest Paid	233	223	185	145	253	314
Cash Income Tax Paid	8	90	34	87	78	37
Levered Free Cash Flow	112	96.38	-753.38	408.25	124.63	418.75
Unlevered Free Cash Flow	248.88	235.75	-648.38	492.63	256.5	611.25
Change in Working Capital	-54	-194	-99	1	-30	92

Source: S&P Global Market Intelligence. Standard template. Financial Sources.