Revenue during the quarter grew 10 percent to $3,676.60 million from $3,342.30 million in the previous year period. Gross margin for the quarter expanded 14 basis points over the previous year period to 67.24 percent. Operating margin for the quarter period stood at positive 2.36 percent as compared to a negative 1.14 percent for the previous year period.

Operating income for the quarter was $86.60 million, compared with an operating loss of $38 million in the previous year period.

However, the adjusted operating income for the quarter stood at $79.90 million compared to $57.20 million in the prior year period. At the same time, adjusted operating margin improved 46 basis points in the quarter to 2.17 percent from 1.71 percent in the last year period.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "I’m pleased that we delivered record fourth quarter results for net income, cash flow from operations, adjusted EBITDA and free cash flow. We generated the strongest growth in last mile and contract logistics, driven primarily by e-commerce, more than offsetting a weak intermodal environment. Our less-than-truckload operations in North America capped an outstanding year with a 40% increase in fourth quarter adjusted operating income. “Our focus remains on further enhancing customer service while realizing the significant profit improvement opportunities embedded in our business. This year, we’ll get the full 12-month benefit of numerous efficiencies we implemented throughout 2016 in procurement, real estate, back office operations and workplace technologies. We have more savings to realize in each of these areas, along with cross dock and warehouse automation, labor productivity and the global adoption of best practices. In addition, we’re marketing our services with a high caliber sales organization that draws on our total supply chain offering to help customers operate more productively."

Cash flow from investing activities was $142 million from investing activities during the year as against cash outgo of $4,085.40 million in the last year. It has incurred net capital expenditure of $414.50 million on net basis during the year, up 119.66 percent or $225.80 million from year ago.

The company has spent $680.80 million cash to carry out financing activities during the year as against cash inflow of $3,644.90 million in the last year period.

Cash and cash equivalents stood at $373.40 million as on Dec. 31, 2016, up 28.85 percent or $83.60 million from $289.80 million on Dec. 31, 2015.

Working capital increases sharply
XPO Logistics, Inc. has recorded an increase in the working capital over the last year. It stood at $342 million as at Dec. 31, 2016, up 30.14 percent or $79.20 million from $262.80 million on Dec. 31, 2015. Current ratio was at 1.13 as on Dec. 31, 2016, up from 1.10 on Dec. 31, 2015.