(Loss) Earnings per Share

6 Months Ended

Jun. 30, 2023

(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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings	$	(61)	$	(4)	$	10	$	(60)
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net (loss) income available to common shareholders	$	(64)	$	(7)	$	3	$	(67)

Weighted average common shares outstanding	157,009		155,170		156,817		155,897




Basic (Loss) Earnings per Share	$	(0.41)	$	(0.05)	$	0.02	$	(0.43)

Diluted (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings	$	(61)	$	(4)	$	10	$	(60)
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net (loss) income available to common shareholders	$	(64)	$	(7)	$	3	$	(67)

Weighted average common shares outstanding	157,009		155,170		156,817		155,897
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance shares	—		—		1,078		—
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	157,009		155,170		157,895		155,897




Diluted (Loss) Earnings per Share	$	(0.41)	$	(0.05)	$	0.02	$	(0.43)

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	287		693		287		693
Restricted stock and performance shares	7,174		6,178		6,096		6,178
Convertible preferred stock	6,742		6,742		6,742		6,742
Total Anti-Dilutive Securities	14,203		13,613		13,125		13,613

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