Xerox Holdings Corp Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| Basic Loss per Share: | ||||||||||||||||||||
| Net (Loss) Income | $ | (1,321) | $ | 1 | $ | (322) | ||||||||||||||
| Accrued dividends on preferred stock | (14) | (14) | (14) | |||||||||||||||||
| Adjusted Net Loss attributable to common shareholders | $ | (1,335) | $ | (13) | $ | (336) | ||||||||||||||
| Weighted average common shares outstanding | 124,210 | 149,116 | 156,006 | |||||||||||||||||
| Basic Loss per Share | $ | (10.75) | $ | (0.09) | $ | (2.15) | ||||||||||||||
| Diluted Loss per Share: | ||||||||||||||||||||
| Net (Loss) Income | $ | (1,321) | $ | 1 | $ | (322) | ||||||||||||||
| Accrued dividends on preferred stock | (14) | (14) | (14) | |||||||||||||||||
| Adjusted Net Loss attributable to common shareholders | $ | (1,335) | $ | (13) | $ | (336) | ||||||||||||||
| Weighted average common shares outstanding | 124,210 | 149,116 | 156,006 | |||||||||||||||||
| Common shares issuable with respect to: | ||||||||||||||||||||
| Stock options | — | — | — | |||||||||||||||||
| Restricted stock and performance shares | — | — | — | |||||||||||||||||
| Convertible preferred stock | — | — | — | |||||||||||||||||
| Adjusted Weighted average common shares outstanding | 124,210 | 149,116 | 156,006 | |||||||||||||||||
| Diluted Loss per Share | $ | (10.75) | $ | (0.09) | $ | (2.15) | ||||||||||||||
| The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands): | ||||||||||||||||||||
| Stock options | 147 | 231 | 586 | |||||||||||||||||
| Restricted stock and performance shares | 8,623 | 6,711 | 4,950 | |||||||||||||||||
| Convertible preferred stock | 6,742 | 6,742 | 6,742 | |||||||||||||||||
Convertible notes(1) | 19,196 | — | — | |||||||||||||||||
| Total Anti-Dilutive Securities | 34,708 | 13,684 | 12,278 | |||||||||||||||||
| Dividends per Common Share | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 24, 2025 | Showing above |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 28, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.