Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings	$	49	$	(383)	$	59	$	(443)
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net income (loss) available to common shareholders	$	45	$	(387)	$	48	$	(454)

Weighted average common shares outstanding	157,132		155,697		156,914		155,799




Basic Earnings (Loss) per Share	$	0.29	$	(2.48)	$	0.31	$	(2.91)

Diluted Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings	$	49	$	(383)	$	59	$	(443)
Accrued dividends on preferred stock	(4)		(4)		(11)		(11)


Adjusted Net income (loss) available to common shareholders	$	45	$	(387)	$	48	$	(454)

Weighted average common shares outstanding	157,132		155,697		156,914		155,799
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance shares	1,761		—		1,305		—
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	158,893		155,697		158,219		155,799




Diluted Earnings (Loss) per Share	$	0.28	$	(2.48)	$	0.30	$	(2.91)

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	245		598		245		598
Restricted stock and performance shares	5,233		5,222		5,688		5,222
Convertible preferred stock	6,742		6,742		6,742		6,742
Total Anti-Dilutive Securities	12,220		12,562		12,675		12,562

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