Earnings per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Basic Earnings per Share
Net Income Attributable to Xerox Holdings	$	90	$	90	$	220	$	115
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net income available to common shareholders	$	86	$	86	$	209	$	104

Weighted average common shares outstanding	179,408		211,169		187,549		212,163




Basic Earnings per Share	$	0.48	$	0.41	$	1.12	$	0.49

Diluted Earnings per Share
Net Income Attributable to Xerox Holdings	$	90	$	90	$	220	$	115
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net income available to common shareholders	$	86	$	86	$	209	$	104

Weighted average common shares outstanding	179,408		211,169		187,549		212,163
Common shares issuable with respect to:
Stock options	—		—		—		20
Restricted stock and performance shares	2,168		1,538		2,120		2,600
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	181,576		212,707		189,669		214,783




Diluted Earnings per Share	$	0.48	$	0.41	$	1.10	$	0.49

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	622		808		622		788
Restricted stock and performance shares	4,387		3,118		4,435		2,055
Convertible preferred stock	6,742		6,742		6,742		6,742
Total Anti-Dilutive Securities	11,751		10,668		11,799		9,585

Dividends per Common Share	$	0.25	$	0.25	$	0.75	$	0.75