Xerox Holdings Corp

Listed Company

XRXDWCIK 0001770450NasdaqLarge AcceleratedComputer Peripheral Equipment, NecConnecticutFY ends Dec 31

Period

FY 2025

Revenue

$7.02B

Net Income

$-1.03B

Total Assets

$9.82B

Equity

$444.00M

Shares Out

128.62M

Op. Cash Flow

$224.00M

Business

Xerox Holdings Corp is a workplace technology company that builds and integrates services‑led, software‑enabled workplace and document solutions for enterprises. It offers document systems and printers (entry, mid‑range and production), workflow and production software, managed print and digital services, IT solutions, customer engagement services, and financing. The company reports through Print and Other (product, software and services) and Xerox Financial Services (XFS) segments and includes an IT Solutions/digital services matrix. Xerox serves customers globally across the Americas, EMEA, Latin America, Brazil, Eurasia, the Middle East, Africa and India through direct sales, channel partners, dealers, resellers and e‑commerce.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues	7,022	6,221	6,886	7,107	7,038
Research, development and engineering expenses	230	191	229	304	310
Selling, administrative and general expenses	1,654	1,537	1,696	1,760	1,718
Goodwill impairment	0	1,058	0	412	781
Restructuring and related costs, net	66	112	167	65	38
Amortization of intangible assets	83	73	43	42	55
Divestitures	−4	47	0	0	0
PARC donation	0	0	132	—	—
Other expenses, net	360	158	75	60	−27
Total Costs and Expenses	7,510	7,437	6,914	7,432	7,510
Loss before Income Taxes	−488	−1,216	−28	−325	−472
Income tax expense (benefit)	541	105	−29	−3	−17
Net (Loss) Income	−1,029	−1,321	1	−322	−455
Less: Preferred stock dividends, net	−14	−14	−14	−14	−14
Net Loss Attributable to Common Shareholders	−1,043	−1,335	−13	−336	−469
Basic Loss per Share (in dollars per share)	−8.25	−10.75	−0.09	−2.15	−2.56
Diluted Loss per Share (in dollars per share)	−8.25	−10.75	−0.09	−2.15	−2.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	512	576	519	1,045	1,840
Accounts receivable (net of allowance of $73 and $69, respectively)	1,122	796	850	857	818
Billed portion of finance receivables (net of allowance of $3 and $2, respectively)	46	48	71	93	94
Finance receivables, net	510	608	842	1,061	1,042
Inventories	1,016	695	661	797	696
Other current assets	362	212	234	254	211
Total current assets	3,568	2,935	3,177	4,107	4,701
Finance receivables due after one year (net of allowance of $42 and $55, respectively)	846	1,089	1,597	1,948	1,934
Equipment on operating leases, net	299	245	265	235	253
Land, buildings and equipment, net	390	251	266	320	358
Intangible assets, net	921	236	177	208	211
Goodwill, net	2,222	1,937	2,747	2,820	3,287
Deferred tax assets	98	615	745	582	519
Other long-term assets	1,479	1,057	1,034	1,323	1,960
Total Assets	9,823	8,365	10,008	11,543	13,223
Short-term debt and current portion of long-term debt	231	585	567	860	650
Accounts payable	1,498	1,023	1,044	1,331	1,069
Accrued compensation and benefits costs	235	227	306	258	239
Accrued expenses and other current liabilities	1,258	784	862	881	871
Total current liabilities	3,222	2,619	2,779	3,330	2,829
Long-term debt	4,016	2,814	2,710	2,866	3,596
Pension and other benefit liabilities	1,068	1,088	1,216	1,175	1,373
Post-retirement medical benefits	159	154	171	184	277
Other long-term liabilities	685	386	360	411	481
Total Liabilities	9,150	7,061	7,236	7,966	8,556
Commitments and Contingencies (See Note 20)	—	—	—	—	—
Noncontrolling Interests	10	10	10	10	—
Convertible Preferred Stock	214	214	214	214	214
Common stock	128	124	123	156	168
Additional paid-in capital	1,183	1,137	1,114	1,588	1,802
Retained earnings	2,444	3,514	4,977	5,136	5,631
Accumulated other comprehensive loss	−3,311	−3,699	−3,676	−3,537	−2,988
Xerox Holdings/Xerox shareholder's equity	444	1,076	2,538	3,343	4,436
Noncontrolling interests	5	4	10	10	7
Total Equity	449	1,080	2,548	3,353	4,443
Total Liabilities and Equity	9,823	8,365	10,008	11,543	13,223
Shares of Common Stock Issued (in shares)	128	124	123	156	168
Shares of Common Stock Outstanding (in shares)	128	124	123	156	159

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	331	274	251	270	327
Provisions	85	110	54	65	—
Inventory-related purchase accounting adjustment-noncash	102	0	0	—	—
Effective settlement of a pre-existing relationship between Lexmark and Xerox	−43	0	0	—	—
Deferred tax benefit	502	90	−68	−27	−89
Net gain on sales of businesses and assets	−5	−8	−39	−56	−40
Stock-based compensation	45	52	54	75	54
Restructuring and asset impairment charges	67	87	146	62	27
Payments for restructurings	−69	−78	−27	−52	−72
Non-service retirement-related costs	78	80	19	−12	—
Contributions to retirement plans	−161	−145	−102	−124	−160
(Increase) decrease in accounts receivable and billed portion of finance receivables	−36	71	−5	−48	41
(Increase) decrease in inventories	−12	−122	123	−143	88
Increase in equipment on operating leases	−126	−107	−141	−112	−129
Decrease in finance receivables	489	663	614	−141	20
Decrease (increase) in other current and long-term assets	9	−14	16	27	68
Increase (decrease) in accounts payable	24	−48	−290	278	118
(Decrease) increase in accrued compensation	−53	−78	48	34	9
Increase (decrease) in other current and long-term liabilities	33	−47	−114	9	89
Net change in income tax assets and liabilities	−26	−50	−12	−27	10
Net change in derivative assets and liabilities	−12	10	13	−22	2
Other operating, net	35	−13	13	13	−17
Net cash provided by operating activities	224	511	686	159	629
Cost of additions to land, buildings, equipment and software	−91	−44	−37	−57	−68
Proceeds from sales of businesses and assets	79	35	43	87	44
Acquisitions, net of cash acquired	−674	−161	−7	−93	−53
Other investing, net	−12	−28	−4	−15	−8
Net cash used in investing activities	−698	−198	−5	−78	−85
Net proceeds on short-term debt	119	0	0	—	—
Proceeds from issuance of long-term debt	1,140	907	1,396	1,194	311
Payments on long-term debt	−755	−992	−1,874	−1,723	−519
Purchases of capped calls	0	−23	0	0	—
Dividends	−71	−141	−165	−174	−206
Payments to acquire treasury stock, including fees	0	−8	−544	−113	−888
Other financing, net	−29	−14	−15	−6	−8
Net cash provided by (used in) financing activities	404	−271	−1,202	−822	−1,310
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4	−28	−1	−29	−16
(Decrease) increase in cash, cash equivalents and restricted cash	−66	14	−522	−770	−782

Filings

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