Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2023

(shares in thousands)

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


	Three Months Ended March 31,
		2023		2022
Basic Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings		$	71	$	(56)
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net income (loss) available to common shareholders		$	67	$	(60)

Weighted average common shares outstanding		156,661		156,362




Basic Earnings (Loss) per Share		$	0.43	$	(0.38)

Diluted Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings		$	71	$	(56)
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net income (loss) available to common shareholders		$	67	$	(60)

Weighted average common shares outstanding		156,661		156,362
Common shares issuable with respect to:
Stock options		—		—
Restricted stock and performance shares		1,085		—
Convertible preferred stock		—		—

Adjusted weighted average common shares outstanding		157,746		156,362




Diluted Earnings (Loss) per Share		$	0.43	$	(0.38)

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		561		612
Restricted stock and performance shares		6,402		6,470
Convertible preferred stock		6,742		6,742
Total Anti-Dilutive Securities		13,705		13,824

Dividends per Common Share		$	0.25	$	0.25