Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2024

(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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings	$	18	$	(61)	$	(95)	$	10
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net income (loss) available to common shareholders	$	15	$	(64)	$	(102)	$	3

Weighted average common shares outstanding	124,230		157,009		124,062		156,817




Basic Earnings (Loss) per Share:	$	0.12	$	(0.41)	$	(0.83)	$	0.02

Diluted Earnings (Loss) per Share
Net Income (Loss) Attributable to Xerox Holdings	$	18	$	(61)	$	(95)	$	10
Accrued dividends on preferred stock	(3)		(3)		(7)		(7)


Adjusted Net income (loss) available to common shareholders	$	15	$	(64)	$	(102)	$	3

Weighted average common shares outstanding	124,230		157,009		124,062		156,817
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance shares	1,325		—		—		1,078
Convertible preferred stock	—		—		—		—

Adjusted weighted average common shares outstanding	125,555		157,009		124,062		157,895




Diluted Earnings (Loss) per Share	$	0.11	$	(0.41)	$	(0.83)	$	0.02

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	174		287		174		287
Restricted stock and performance shares	6,703		7,174		8,028		6,096
Convertible preferred stock	6,742		6,742		6,742		6,742
Convertible notes(1)	19,196		—		19,196		—
Total Anti-Dilutive Securities	32,815		14,203		34,140		13,125

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

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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.