Earnings per Share

6 Months Ended

Jun. 30, 2021

(shares in thousands)

The following table sets forth the computation of basic and diluted earnings per share of Xerox Holdings Corporation's common stock:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic Earnings per Share
Net Income Attributable to Xerox Holdings	$	91	$	27	$	130	$	25
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net income available to common shareholders	$	88	$	24	$	123	$	18

Weighted average common shares outstanding	187,009		212,949		191,433		212,852




Basic Earnings per Share	$	0.47	$	0.11	$	0.64	$	0.08

Diluted Earnings per Share
Net Income Attributable to Xerox Holdings	$	91	$	27	$	130	$	25
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net income available to common shareholders	$	88	$	24	$	123	$	18

Weighted average common shares outstanding	187,009		212,949		191,433		212,852
Common shares issuable with respect to:
Stock options	—		—		—		30
Restricted stock and performance shares	2,012		2,618		2,096		3,132
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	189,021		215,567		193,529		216,014




Diluted Earnings per Share	$	0.46	$	0.11	$	0.64	$	0.08

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:
Stock options	694		845		694		816
Restricted stock and performance shares	4,647		3,648		4,562		3,134
Convertible preferred stock	6,742		6,742		6,742		6,742
Total Anti-Dilutive Securities	12,083		11,235		11,998		10,692

Dividends per Common Share	$	0.25	$	0.25	$	0.50	$	0.50