Schedule of Basic and Diluted Earnings Per Share |
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 | |
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