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 | |||
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ASSETS | |||||||
Current Assets | |||||||
Cash, cash equivalents, and short-term investments | 1,045 | 1,840 | 2,625 | 2,740 | |||
Cash and cash equivalents | 1,045 | 1,840 | 2,625 | 2,740 | |||
Receivables | 857 | 1,860 | 1,965 | 2,394 | |||
Inventory, net of allowances, customer advances and progress billings | 797 | 696 | 843 | 694 | |||
Inventory | 797 | 696 | 843 | 694 | |||
Financing receivable, excluding accrued interest, after allowance for credit loss | 1,061 | ✕ | ✕ | ||||
Other current assets | 254 | 211 | 251 | 201 | |||
Other undisclosed current assets | 93 | 94 | 99 | 111 | |||
Total current assets: | 4,107 | 4,701 | 5,783 | 6,140 | |||
Noncurrent Assets | |||||||
Finance lease, right-of-use asset, after accumulated amortization | 18 | 9 | 10 | 7 | |||
Operating lease, right-of-use asset | 319 | ||||||
Financing receivable, excluding accrued interest, after allowance for credit loss | 1,948 | ✕ | ✕ | ||||
Property, plant and equipment | 235 | 253 | 296 | ||||
Long-term investments and receivables | 1,934 | 1,984 | 2,128 | ||||
Long-term investments | 46 | ||||||
Accounts and financing receivable, after allowance for credit loss | 1,934 | 1,984 | 2,082 | ||||
Intangible assets, net (including goodwill) | 3,028 | 3,498 | 4,308 | 4,099 | |||
Goodwill | 2,820 | 3,287 | 4,071 | 3,900 | |||
Intangible assets, net (excluding goodwill) | 208 | 211 | 237 | 199 | |||
Deferred income tax assets | 582 | 519 | 508 | 598 | |||
Other noncurrent assets | 1,323 | 1,960 | 1,455 | 1,338 | |||
Other undisclosed noncurrent assets | 302 | 349 | 397 | 418 | |||
Total noncurrent assets: | 7,436 | 8,522 | 8,958 | 8,907 | |||
TOTAL ASSETS: | 11,543 | 13,223 | 14,741 | 15,047 | |||
LIABILITIES AND EQUITY | |||||||
Liabilities | |||||||
Current Liabilities | |||||||
Accounts payable and accrued liabilities | 1,589 | 1,308 | 1,244 | 1,402 | |||
Employee-related liabilities | ✕ | ✕ | 239 | 261 | 349 | ||
Accounts payable | 1,331 | 1,069 | 983 | 1,053 | |||
Accrued liabilities | 258 | ||||||
Debt | 860 | 650 | 394 | 1,049 | |||
Other liabilities | 881 | 871 | 840 | 984 | |||
Other undisclosed current liabilities | |||||||
Total current liabilities: | 3,330 | 2,829 | 2,478 | 3,435 | |||
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 debt | 612 | 780 | 859 | 886 | |||
Deferred compensation liability, classified | 17 | 22 | 22 | 22 | |||
Liability, pension and other postretirement and postemployment benefits | 184 | 277 | 340 | 352 | |||
Other liabilities | 411 | 481 | 497 | 512 | |||
Operating lease, liability | 260 | ||||||
Other undisclosed noncurrent liabilities | 4,024 | 4,947 | 5,594 | 1,685 | |||
Total noncurrent liabilities: | 4,636 | 5,727 | 6,453 | 5,804 | |||
Total liabilities: | 7,966 | 8,556 | 8,931 | 9,239 | |||
Commitments and contingencies | 214 | 214 | |||||
Temporary equity, carrying amount | 10 | 10 | 214 | 214 | |||
Equity | |||||||
Equity, attributable to parent | 3,343 | 4,436 | 5,592 | 5,587 | |||
Common stock | 156 | 168 | 198 | 215 | |||
Treasury stock, value | (177) | (76) | |||||
Additional paid in capital | 1,588 | 1,802 | 2,445 | 2,782 | |||
Accumulated other comprehensive loss | (3,537) | (2,988) | (3,332) | (3,646) | |||
Retained earnings | 5,136 | 5,631 | 6,281 | 6,312 | |||
Equity, attributable to noncontrolling interest | 10 | 7 | 4 | 7 | |||
Total equity: | 3,353 | 4,443 | 5,596 | 5,594 | |||
TOTAL LIABILITIES AND EQUITY: | 11,543 | 13,223 | 14,741 | 15,047 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
---|---|---|---|---|---|---|
Revenues | 7,107 | 7,038 | 7,022 | 9,066 | ||
Cost of revenue | (5,568) | (5,740) | (4,725) | (5,801) | ||
Gross profit: | 1,539 | 1,298 | 2,297 | 3,265 | ||
Operating expenses | (1,867) | (1,773) | (2,045) | (2,443) | ||
Other operating income, net | 24 | |||||
Operating income (loss): | (328) | (451) | 252 | 822 | ||
Nonoperating expense (Investment Income, Nonoperating) | ||||||
Interest and debt expense | (199) | (207) | (215) | (236) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 199 | 183 | 215 | 236 | ||
Income (loss) from continuing operations before equity method investments, income taxes: | (328) | (475) | 252 | 822 | ||
Income from equity method investments | 3 | 3 | 4 | 8 | ||
Income (loss) from continuing operations before income taxes: | (325) | (472) | 256 | 830 | ||
Income tax expense (benefit) | 3 | 17 | (64) | (179) | ||
Income (loss) from continuing operations: | (322) | (455) | 192 | 651 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (455) | 192 | 1,361 | |
Income from discontinued operations | 710 | |||||
Net income (loss): | (322) | (455) | 192 | 1,361 | ||
Other undisclosed net loss attributable to parent | (8) | |||||
Net income (loss) attributable to parent: | (322) | (455) | 192 | 1,353 | ||
Preferred stock dividends and other adjustments | (14) | (14) | (14) | (14) | ||
Net income (loss) available to common stockholders, diluted: | (336) | (469) | 178 | 1,339 |
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) | 192 | 1,361 | ||
Other comprehensive income (loss) | (550) | 355 | 46 | |||
Other undisclosed comprehensive income (loss) | 344 | (41) | ||||
Comprehensive income (loss): | (872) | (111) | 506 | 1,407 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | |||||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | |||||
Comprehensive income (loss), net of tax, attributable to parent: | (871) | (111) | 506 | 1,399 |
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.