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10-Q
XPO LOGISTICS, INC. filed this Form 10-Q on 11/05/2018
Entire Document
 

XPO Logistics, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions, except per share data)
 
2018
 
2017
 
2018
 
2017
Revenue
 
$
4,335.1

 
$
3,887.1

 
$
12,890.1

 
$
11,186.9

Operating expenses
 
 
 
 
 
 
 
 
Cost of transportation and services
 
2,248.6

 
2,043.4

 
6,747.7

 
5,901.8

Direct operating expense
 
1,430.3

 
1,267.4

 
4,212.7

 
3,616.1

Sales, general and administrative expense
 
447.2

 
399.6

 
1,351.7

 
1,213.4

Total operating expenses
 
4,126.1

 
3,710.4

 
12,312.1

 
10,731.3

Operating income
 
209.0

 
176.7

 
578.0

 
455.6

Other expense (income)
 
(18.3
)
 
(16.8
)
 
(68.1
)
 
(35.8
)
Foreign currency loss
 
3.3

 
15.0

 
5.3

 
53.9

Debt extinguishment loss
 
16.8

 
4.6

 
27.1

 
13.6

Interest expense
 
51.0

 
72.5

 
165.3

 
222.4

Income before income tax provision
 
156.2

 
101.4

 
448.4

 
201.5

Income tax provision
 
41.0

 
30.4

 
95.0

 
48.4

Net income
 
115.2

 
71.0

 
353.4

 
153.1

Net income attributable to noncontrolling interests
 
(6.2
)
 
(8.5
)
 
(22.8
)
 
(17.4
)
Net income attributable to XPO
 
$
109.0

 
$
62.5

 
$
330.6

 
$
135.7

 
 
 
 
 
 
 
 
 
Earnings per share data:
 
 
 
 
 
 
 
 
Net income attributable to common shareholders
 
$
100.8

 
$
57.5

 
$
305.2

 
$
124.5

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.81

 
$
0.49

 
$
2.50

 
$
1.10

Diluted earnings per share
 
$
0.74

 
$
0.44

 
$
2.26

 
$
0.99

 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
 
Basic weighted-average common shares outstanding
 
125.2

 
117.5

 
122.1

 
113.5

Diluted weighted-average common shares outstanding
 
136.6

 
129.8

 
134.8

 
126.2

See accompanying notes to condensed consolidated financial statements.


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