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XPO Logistics (XPO)

XPO Logistics, Inc. provides cutting-edge supply chain solutions to the most successful companies in the world. The company is the second largest contract logistics provider and the second largest freight broker globally, and a top three less-than-truckload provider in North America. XPO uses a highly integrated network of 1,629 locations and over 100,000 employees in 30 countries to help more than 50,000 customers manage their supply chains most efficiently. The company's corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com

Company profile

Ticker
XPO
Exchange
CEO
Bradley Jacobs
Employees
Location
Fiscal year end
Industry (SIC)
Former names
EXPRESS-1 EXPEDITED SOLUTIONS INC, SEGMENTZ INC
SEC CIK
Subsidiaries
XPO CNW, Inc. • XPO Logistics Freight, Inc. • XPO Logistics Managed Transportation, LLC • XPO Intermodal, Inc. • XPO Global Forwarding, Inc. • XPO Last Mile Holding, Inc. • XPO Last Mile, Inc. • XPO Logistics, LLC • XPO Logistics Express, LLC • XPO Holdings ...
IRS number
30450326

XPO stock data

Calendar

8 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 446M 446M 446M 446M 446M 446M
Cash burn (monthly) 189.33M 4M (no burn) (no burn) 22M (no burn)
Cash used (since last report) 558.86M 11.81M n/a n/a 64.94M n/a
Cash remaining -112.86M 434.19M n/a n/a 381.06M n/a
Runway (months of cash) -0.6 108.5 n/a n/a 17.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Sep 22 Ravi Tulsyan Common Stock, par value $0.001 per share Payment of exercise Dispose F No No 52.19 2,033 106.1K 58,623
8 Sep 22 Ravi Tulsyan Common Stock, par value $0.001 per share Option exercise Acquire M No No 0 4,387 0 60,656
8 Sep 22 Ravi Tulsyan RSU Common Stock, par value $0.001 per share Option exercise Dispose M No No 0 4,387 0 4,386
11 Aug 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 55.17 5,061,029 279.22M 1,300,701
20 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 54.08 25,019 1.35M 6,361,730
20 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 53.18 17,873 950.49K 6,386,749
20 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 52.17 7,108 370.82K 6,404,622
19 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 51.52 34,761 1.79M 6,411,730
19 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 50.78 15,239 773.84K 6,446,491
18 Jul 22 S Jacobs Bradley Common Stock, par value $0.001 per share Sell Dispose S Yes Yes 50.06 6,471 323.94K 6,461,730
13F holders Current Prev Q Change
Total holders 433 462 -6.3%
Opened positions 69 61 +13.1%
Closed positions 98 80 +22.5%
Increased positions 162 166 -2.4%
Reduced positions 120 147 -18.4%
13F shares Current Prev Q Change
Total value 5.29B 7.39B -28.5%
Total shares 117.96M 113.61M +3.8%
Total puts 1.96M 2M -2.2%
Total calls 2.11M 2.58M -18.1%
Total put/call ratio 0.9 0.8 +19.5%
Largest owners Shares Value Change
MFN Partners Management 11.12M $535.53M +54.4%
Orbis Investment Management 11.1M $0 0.0%
Orbis Allan Gray 10.19M $490.52M -0.1%
BLK Blackrock 10.13M $487.68M +0.8%
Vanguard 10.06M $484.73M +6.4%
MFN Partners 6.08M $425.52M 0.0%
FMR 4.68M $225.42M +59.9%
Ics Opportunities 4.23M $212.61M 0.0%
STT State Street 2.9M $139.73M -0.4%
Alliancebernstein 2.87M $138.2M +20.8%
Largest transactions Shares Bought/sold Change
MFN Partners Management 11.12M +3.92M +54.4%
Fred Alger Management 264.22K -2.72M -91.2%
FMR 4.68M +1.75M +59.9%
Aqr Capital Management 868.85K +649.61K +296.3%
Vanguard 10.06M +607.87K +6.4%
BNS Bank Of Nova Scotia 0 -607.07K EXIT
Anomaly Capital Management 2.74M +577.93K +26.8%
Massachusetts Financial Services 2.5M +574.22K +29.8%
Balyasny Asset Management 610.97K +569.1K +1359.0%
FHI Federated Hermes 1.42M -550.35K -27.9%

Financial report summary

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Risks
  • Economic recessions and other factors that reduce freight volumes, both in North America and Europe, could have a material adverse impact on our business.
  • If we continue to face unfavorable market conditions arising from the COVID-19 pandemic, our business, prospects, financial condition and operating results may be negatively impacted.
  • Our company-specific action plan to enhance network efficiencies and drive growth in our North American LTL business, and other management actions to improve our North American LTL business, may not be effective or timely, and may not improve our results of operations or cash flow from operations as planned.
  • Our profitability may be materially adversely impacted if our investments in equipment and service centers do not match customer demand for these resources or if there is a decline in the availability of funding sources for these investments.
  • Failure to successfully implement our cost and revenue initiatives could cause our future financial results to suffer.
  • We may not successfully manage our growth.
  • We may sell, spin off or otherwise divest one or more of our business units, which may have an adverse effect on our remaining businesses and the market price of our common stock, and we would anticipate incurring material compensation and other expenses, including expenses related to the acceleration of equity awards, in connection with substantial dispositions.
  • Our past acquisitions, as well as any acquisitions that we may complete in the future, may be unsuccessful or result in other risks or developments that adversely affect our financial condition and results.
  • If we determine that our goodwill has become impaired, we may incur impairment charges, which would negatively impact our operating results.
  • Issues related to the intellectual property rights on which our business depends, whether related to our failure to enforce our own rights or infringement claims brought by others, could have a material adverse effect on our business, financial condition and results of operations.
  • Our overseas operations are subject to various operational and financial risks that could adversely affect our business.
  • We are exposed to currency exchange rate fluctuations because a significant proportion of our assets, liabilities and earnings are denominated in foreign currencies.
  • Volatility in fuel prices impacts our fuel surcharge revenue and may impact our profitability.
  • Extreme or unusual weather conditions whether due to climate change or otherwise, can disrupt our operations, impact freight volumes, and increase our costs, all of which could have a material adverse effect on our business results.
  • Our business will be seriously harmed if we fail to develop, implement, maintain, upgrade, enhance, protect and integrate our information technology systems, including those systems of any businesses that we acquire.
  • A failure of our information technology infrastructure or a breach of our information security systems, networks or processes may materially adversely affect our business.
  • Our indebtedness could adversely affect our financial condition.
  • The execution of our strategy could depend on our ability to raise capital in the future, and our inability to do so could prevent us from achieving our growth objectives.
  • We may be adversely affected by interest rate changes because of our floating rate credit facilities.
  • We depend on third parties in the operation of our business.
  • Increases in driver compensation and difficulties with attracting and retaining drivers could adversely affect our revenues and profitability.
  • Our business may be materially adversely affected by labor disputes.
  • Efforts by labor organizations to organize employees at certain locations in North America, if successful, may result in increased costs and decreased efficiencies at those locations.
  • We may be unable to achieve some or all of the benefits that we expect to achieve from the spin-off.
  • If the spin-off, together with certain related transactions, does not qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, XPO and XPO stockholders could be subject to significant tax liabilities. In addition, if certain internal restructuring transactions were to fail to qualify as transactions that are generally tax-free for U.S. federal or non-U.S. income tax purposes, we could be subject to significant tax liabilities.
  • In connection with the separation into two public companies, each of XPO and GXO agreed to indemnify each other for certain liabilities. If we are required to pay under these indemnities to GXO, our financial results could be negatively impacted. The GXO indemnities may not be sufficient to hold us harmless from the full amount of liabilities for which GXO will be allocated responsibility, and GXO may not be able to satisfy its indemnification obligations in the future.
  • Certain of our businesses rely on owner-operators and contract carriers to conduct their operations, and the status of these parties as independent contractors, rather than employees, is being challenged.
  • We are involved in multiple lawsuits and are subject to various claims that could result in significant expenditures and impact our operations.
  • An increase in the number or severity of self-insured claims or an increase in insurance premiums could have an adverse effect on us.
  • We are currently subject to securities class action litigation and may be subject to similar litigation in the future. Such matters can be expensive, time-consuming and have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to risks associated with defined benefit plans for our current and former employees, which could have a material adverse effect on our earnings and financial position.
  • Changes in income tax regulations for U.S. and multinational companies may increase our tax liability.
  • We are subject to governmental regulations and political conditions, which could negatively impact our business.
  • Failure to comply with trade compliance laws and regulations applicable to our operations may subject us to liability and result in mandatory or voluntary disclosures to government agencies of transactions or dealings involving sanctioned countries, entities or individuals.
  • We operate in a highly competitive industry and, if we are unable to adequately address factors that may adversely affect our revenue and costs, our business could suffer.
  • The withdrawal of the United Kingdom from the European Union may have a negative effect on global economic conditions, financial markets and our operations.
  • Our chairman and chief executive officer beneficially owns a large portion of our stock and has substantial control over us, which could limit other stockholders’ ability to influence the outcome of key transactions, including changes of control, and any sales of our common stock by Mr. Jacobs (or the perception that such sales may occur) could adversely impact the volume of trading, liquidity and market price of our common stock.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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Removed: continued, conversion, determine, drayage, limited, meal, merit, rest, satisfaction, successful, vigorously