Xerox Holdings Corporation (XRX) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 MERRITT 7
NORWALK, CT 06851
State of Incorp. CT
Fiscal Year End December 31
Industry (SIC) 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0451,8402,6252,740
Cash and cash equivalents1,0451,8402,6252,740
Receivables8571,8601,9652,394
Inventory, net of allowances, customer advances and progress billings797696843694
Inventory797696843694
Financing receivable, excluding accrued interest, after allowance for credit loss1,061 
Other current assets254211251201
Other undisclosed current assets939499111
Total current assets:4,1074,7015,7836,140
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 189107
Operating lease, right-of-use asset   319
Financing receivable, excluding accrued interest, after allowance for credit loss1,948 
Property, plant and equipment235253296 
Long-term investments and receivables  1,9341,9842,128
Long-term investments    46
Accounts and financing receivable, after allowance for credit loss  1,9341,9842,082
Intangible assets, net (including goodwill)3,0283,4984,3084,099
Goodwill2,8203,2874,0713,900
Intangible assets, net (excluding goodwill)208211237199
Deferred income tax assets582519508598
Other noncurrent assets1,3231,9601,4551,338
Other undisclosed noncurrent assets302349397418
Total noncurrent assets:7,4368,5228,9588,907
TOTAL ASSETS:11,54313,22314,74115,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5891,3081,2441,402
Employee-related liabilities239261349
Accounts payable1,3311,0699831,053
Accrued liabilities258   
Debt8606503941,049
Other liabilities 881871840984
Other undisclosed current liabilities    
Total current liabilities:3,3302,8292,4783,435
Noncurrent Liabilities
Long-term debt and lease obligation, including:    3,233
Other undisclosed long-term debt and lease obligation    2,973
Liabilities, other than long-term debt612780859886
Deferred compensation liability, classified 17222222
Liability, pension and other postretirement and postemployment benefits184277340352
Other liabilities411481497512
Operating lease, liability   260
Other undisclosed noncurrent liabilities4,0244,9475,5941,685
Total noncurrent liabilities:4,6365,7276,4535,804
Total liabilities:7,9668,5568,9319,239
Commitments and contingencies214214  
Temporary equity, carrying amount1010214214
Equity
Equity, attributable to parent3,3434,4365,5925,587
Common stock156168198215
Treasury stock, value (177) (76)
Additional paid in capital1,5881,8022,4452,782
Accumulated other comprehensive loss(3,537)(2,988)(3,332)(3,646)
Retained earnings5,1365,6316,2816,312
Equity, attributable to noncontrolling interest10747
Total equity:3,3534,4435,5965,594
TOTAL LIABILITIES AND EQUITY:11,54313,22314,74115,047

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues7,1077,0387,0229,066
Cost of revenue(5,568)(5,740)(4,725)(5,801)
Gross profit:1,5391,2982,2973,265
Operating expenses(1,867)(1,773)(2,045)(2,443)
Other operating income, net  24  
Operating income (loss):(328)(451)252822
Nonoperating expense
(Investment Income, Nonoperating)
    
Interest and debt expense(199)(207)(215)(236)
Other undisclosed income from continuing operations before equity method investments, income taxes199183215236
Income (loss) from continuing operations before equity method investments, income taxes:(328)(475)252822
Income from equity method investments3348
Income (loss) from continuing operations before income taxes:(325)(472)256830
Income tax expense (benefit)317(64)(179)
Income (loss) from continuing operations:(322)(455)192651
Income (loss) before gain (loss) on sale of properties:(455)1921,361
Income from discontinued operations    710
Net income (loss):(322)(455)1921,361
Other undisclosed net loss attributable to parent   (8)
Net income (loss) attributable to parent:(322)(455)1921,353
Preferred stock dividends and other adjustments(14)(14)(14)(14)
Net income (loss) available to common stockholders, diluted:(336)(469)1781,339

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(322)(455)1921,361
Other comprehensive income (loss)(550) 35546
Other undisclosed comprehensive income (loss) 344(41) 
Comprehensive income (loss):(872)(111)5061,407
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1   
Other undisclosed comprehensive loss, net of tax, attributable to parent    (8)
Comprehensive income (loss), net of tax, attributable to parent:(871)(111)5061,399

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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