(Loss) Earnings per Share

3 Months Ended

Mar. 31, 2024

(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 March 31,
		2024		2023
Basic (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings		$	(113)	$	71
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net (loss) income available to common shareholders		$	(117)	$	67

Weighted average common shares outstanding		123,924		156,661




Basic (Loss) Earnings per Share:		$	(0.94)	$	0.43

Diluted (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings		$	(113)	$	71
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net (loss) income available to common shareholders		$	(117)	$	67

Weighted average common shares outstanding		123,924		156,661
Common shares issuable with respect to:
Stock options		—		—
Restricted stock and performance shares		—		1,085
Convertible preferred stock		—		—

Adjusted weighted average common shares outstanding		123,924		157,746




Diluted (Loss) Earnings per Share		$	(0.94)	$	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		216		561
Restricted stock and performance shares		5,950		6,402
Convertible preferred stock		6,742		6,742
Convertible notes(1)		19,196		—
Total Anti-Dilutive Securities		32,104		13,705

Dividends per Common Share		$	0.25	$	0.25

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(1)Refer to Note 13 - Debt for additional information related to the issuance of Xerox Holdings Corporation's $400 of 3.75% Convertible Senior Notes due 2030.