Gxo Logistics Inc 2025年季度报告

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ GXO Logistics, Inc.Form 10-QFor the Quarterly Period Ended March31, 2025 Table of Contents Item 1. Financial Statements (Unaudited)Condensed Consolidated Statements of Operations Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Cash Flows 1 Tax withholding on vesting ofstock-based compensation awards Balance as of March 31, 2024 See accompanying Notes to Condensed Consolidated Financial Statements. 6 GXO Logistics, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited)1. Basis of Presentation and Significant Accounting PoliciesBasis of Presentation Operating results for the interim periods are not necessarily indicative of the results that may be expected for the year endingDecember 31, 2025. The Company’s Condensed Consolidated Financial Statements include the accounts of GXO and its majority-owned subsidiaries and variable interest entities of which the Company is the primary beneficiary. The Company has eliminated The accompanying Condensed Consolidated Financial Statements and Notes thereto should be read in conjunction with the AnnualReport on Form 10-K for the year ended December31, 2024.Certain amounts reported for prior periods have been reclassified toconform to the current period’s presentation.The Company presents its operations asonereportable segment. and management’s governance of such risks. In addition, the rules include requirements to disclose the financial effects of severeweather events and other natural conditions in the audited financial statements. Larger registrants will also be required to disclose for annual periods ending December 31, 2025. In April 2024, the SEC issued an order staying the implementation of the new climate-related disclosure rules pending completion of judicial review of consolidated changes to the rules by the U.S. Court of Appeals for the periods. This standard is effective for annual reporting periods beginning after December 15, 2026, with early adoption permitted. TheCompany is currently evaluating the impact of the disclosure requirements about specific expense categories in its Consolidated (In millions)Contract assets and contract costs included in: $32$200 Other current liabilities$276$Other long-term liabilities86Total contract liabilities$362$ (3) Corporate expenses include unallocated costs related to corporate functions such as salaries and benefits, rent, and professional fees which are recorded in Selling,general and administrative expenses in the Condensed Consolidated Statements of Operations. The Company has operating leases for real estate, warehouse equipment, trucks, trailers, containers and material handling equipment. The following amounts were recorded in the Condensed Consolidated Balance Sheets related to leases: 5. AcquisitionWincanton Acquisition ($958million as of acquisition date) (the “Wincanton Acquisition”). The Wincanton Acquisition is subject to a review by theCompetition and Markets Authority (the “CMA”) in the U.K., which is expected to be completed by June 25, 2025. In connection with the Wincanton Acquisition, the Company incurred transaction costs of $21million and $15million for the three Other current assetsTotal current assets Long-term assetsProperty and equipment Intangible assets(1) lives of12.5years.(2) Goodwill represents the excess of the purchase price over the fair value of identifiable assets acquired and liabilities assumed at the acquisition date. Goodwill recognized in connection with the Wincanton Acquisition to be deductible for income tax purposes. The fair values of the assets acquired and liabilities assumed are considered preliminary and subject to adjustment as additionalinformation is obtained and reviewed. The final allocation of the purchase price may differ from the preliminary allocation based on goodwill, other long-term assets, lease assets and liabilities, accrued expenses, and income taxes. The Company expects to finalize thepurchase price allocation within the measurement period, which will not exceed one year from the acquisition date.6. Goodwill Balance as of December31, 2024Acquisition(1) Impact of foreign exchange translationBalance as of March31, 2025$(2) (2) Changes to goodwill amounts resulting from foreign currency translation after the acquisition date are presented as the impact of foreign exchange translation. As of March31, 2025 and December31, 2024, there werenoaccumulated goodwill impairment losses. 7. Debt and Financing Arrangements (In millions, except percentages) Finance leases and other debtTotal Debt Less: Current debt175Total Long-term debt$2,545$ (2) Net of unamortized discount and debt issuance costs of $0million and $1million as of March 31, 2025 and December31, 2024, respectively.(3) Net of unamortized discount and debt issuance costs of $7million as of March31, 2025 and D