Gxo Logistics Inc. 2025年度季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May6, 2025, there were114,418,990shares of the registrant’s common stock, par value $0.01 per share, outstanding. GXO Logistics, Inc.Form 10-Q Part I—Financial InformationItem 1. Financial Statements (Unaudited)Condensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive Loss PART I—FINANCIAL INFORMATION 1. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of GXO Logistics, Inc. (“GXO” or the “Company”) havebeen prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interimfinancial information and pursuant to the rules of the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, they do not 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- 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 to The Company presents its operations asonereportable segment. Accounting Pronouncements Issued But Not Yet Adopted In March 2024, the SEC adopted final rules designed to enhance public company disclosures related to the risks and impacts ofclimate-related matters. The new rules include disclosures relating to climate-related risks and risk management, as well as the boardand 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 discloseinformation about greenhouse gas emissions, which will be subject to a phased-in assurance requirement. The disclosures are requiredfor 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 In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, whichprovides for expanded disclosures primarily related to income taxes paid and the rate reconciliation. The amendments are effectiveprospectively for annual periods beginning after December 15, 2024, and early adoption and retrospective application are permitted. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This standard requires all public companies to disclosemore detailed information about certain costs and expenses in the notes to the financial statements at interim and annual reportingperiods. This standard is effective for annual reporting periods beginning after December 15, 2026, with early adoption permitted. The 2. Revenue Recognition The Company’s revenue can also be disaggregated by various verticals, reflecting the customer’s principal industry. Revenuedisaggregated by industry was as follows: Contract Assets and Liabilities The contract asset and contract liability balances from contracts with customers were as follows: 3. Segment Information The Company is organized geographically intothreeoperating segments: i) Americas and Asia-Pacific, ii) United Kingdom andIreland, and iii) Continental Europe. The Company’s reporting unit results are regularly provided to the chief operating decision maker The CODM evaluates the Company’s performance and allocates resources primarily based on adjusted earnings before interest, taxes,depreciation and amortization, adjusted for transaction and integration costs, restructuring costs, litigation expense, and unrealizedgain/loss on foreign currency contracts and other adjustments (“Adjusted EBITDA”). The CODM uses Adjusted EBITDA tocommunicate performance targets to the segment managers, allocate resources to the segments, and to monitor segment perf