(Loss) Earnings per Share

9 Months Ended

Sep. 30, 2022

(shares in thousands)

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings	$	(383)	$	90	$	(443)	$	220
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net (loss) income available to common shareholders	$	(387)	$	86	$	(454)	$	209

Weighted average common shares outstanding(1)	155,697		179,408		155,799		187,549




Basic (Loss) Earnings per Share	$	(2.48)	$	0.48	$	(2.91)	$	1.12

Diluted (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings	$	(383)	$	90	$	(443)	$	220
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net (loss) income available to common shareholders	$	(387)	$	86	$	(454)	$	209

Weighted average common shares outstanding(1)	155,697		179,408		155,799		187,549
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance shares	—		2,168		—		2,120
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	155,697		181,576		155,799		189,669




Diluted (Loss) Earnings per Share	$	(2.48)	$	0.48	$	(2.91)	$	1.10

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	598		622		598		622
Restricted stock and performance shares	5,222		4,387		5,222		4,435
Convertible preferred stock	6,742		6,742		6,742		6,742
Total Anti-Dilutive Securities	12,562		11,751		12,562		11,799

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

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(1)Includes unissued shares associated with the accelerated share vesting since all contingencies regarding issuance have lapsed.