(Loss) Earnings per Share

12 Months Ended

Dec. 31, 2022

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


	Year Ended December 31,
	2022		2021		2020
Basic (Loss) Earnings per Share:
Net (Loss) Income attributable to Xerox Holdings	$	(322)	$	(455)	$	192
Accrued dividends on preferred stock	(14)		(14)		(14)


Adjusted Net (Loss) income available to common shareholders	$	(336)	$	(469)	$	178

Weighted average common shares outstanding	156,006		183,168		208,983




Basic (Loss) Earnings per Share	$	(2.15)	$	(2.56)	$	0.85

Diluted (Loss) Earnings per Share:
Net (Loss) Income attributable to Xerox Holdings	$	(322)	$	(455)	$	192
Accrued dividends on preferred stock	(14)		(14)		(14)



Adjusted Net (Loss) income available to common shareholders	$	(336)	$	(469)	$	178

Weighted average common shares outstanding	156,006		183,168		208,983
Common shares issuable with respect to:
Stock options	—		—		15
Restricted stock and performance shares	—		—		2,439
Convertible preferred stock	—		—		—

Adjusted Weighted average common shares outstanding	156,006		183,168		211,437





Diluted (Loss) Earnings per Share	$	(2.15)	$	(2.56)	$	0.84

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 (shares in thousands):
Stock options	586		612		784
Restricted stock and performance shares	4,950		5,979		3,173
Convertible preferred stock	6,742		6,742		6,742

Total Anti-Dilutive Securities	12,278		13,333		10,699

Dividends per Common Share	$	1.00	$	1.00	$	1.00