← Xerox Holdings Corp
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | — | — | — | — | — | ($322.0m) | $1.0m | ($1.3b) | ($1.0b) | |
| Net Income From Continuing Operations | — | — | — | — | — | ($322.0m) | $1.0m | ($1.3b) | ($1.0b) | |
| Depreciation and amortization | $527.0m | $526.0m | $430.0m | $368.0m | $327.0m | $270.0m | $251.0m | $274.0m | $331.0m | |
| Amortization Cash Flow | — | — | — | — | — | $42.0m | $43.0m | $73.0m | $83.0m | |
| Amortization Of Intangibles | — | — | — | — | — | $42.0m | $43.0m | $73.0m | $83.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $270.0m | $251.0m | $274.0m | $331.0m | |
| Deferred tax benefit | $399.0m | $135.0m | $124.0m | $34.0m | ($89.0m) | ($27.0m) | ($68.0m) | $90.0m | $502.0m | |
| Deferred Income Tax | — | — | — | — | — | ($27.0m) | ($68.0m) | $90.0m | $502.0m | |
| Deferred Tax | — | — | — | — | — | ($27.0m) | ($68.0m) | $90.0m | $502.0m | |
| Goodwill impairment | — | — | $0 | $0 | $781.0m | $412.0m | $0 | $1.1b | $0 | |
| Restructuring and asset impairment charges | $197.0m | $156.0m | $127.0m | $87.0m | $27.0m | $62.0m | $146.0m | $87.0m | $67.0m | |
| Asset Impairment Charge | — | — | — | — | — | $412.0m | $0 | $1.1b | $0 | |
| Increase in equipment on operating leases | ($217.0m) | ($248.0m) | ($153.0m) | ($118.0m) | ($129.0m) | ($112.0m) | ($141.0m) | ($107.0m) | ($126.0m) | |
| Net (Loss) Income | $207.0m | $374.0m | $1.4b | $192.0m | ($455.0m) | ($322.0m) | $1.0m | ($1.3b) | ($1.0b) | |
| Provisions | $73.0m | $70.0m | $73.0m | $147.0m | $46.0m | $65.0m | $54.0m | $110.0m | $85.0m | |
| Inventory-related purchase accounting adjustment-noncash | — | — | — | — | — | — | $0 | $0 | $102.0m | |
| Effective settlement of a pre-existing relationship between Lexmark and Xerox | — | — | — | — | — | — | $0 | $0 | ($43.0m) | |
| Net gain on sales of businesses and assets | ($15.0m) | ($35.0m) | ($21.0m) | ($30.0m) | ($40.0m) | ($56.0m) | ($39.0m) | ($8.0m) | ($5.0m) | |
| PARC donation | — | — | — | — | — | $0 | $132.0m | $0 | $0 | |
| Stock-based compensation | $52.0m | $57.0m | $50.0m | $42.0m | $54.0m | $75.0m | $54.0m | $52.0m | $45.0m | |
| Payments for restructurings | ($220.0m) | ($169.0m) | ($93.0m) | ($81.0m) | ($72.0m) | ($52.0m) | ($27.0m) | ($78.0m) | ($69.0m) | |
| Non-service retirement-related costs | — | — | — | ($29.0m) | ($89.0m) | ($12.0m) | $19.0m | $80.0m | $78.0m | |
| Contributions to retirement plans | — | — | — | ($164.0m) | ($160.0m) | ($124.0m) | ($102.0m) | ($145.0m) | ($161.0m) | |
| (Increase) decrease in accounts receivable and billed portion of finance receivables | ($531.0m) | $31.0m | $10.0m | $369.0m | $41.0m | ($48.0m) | ($5.0m) | $71.0m | ($36.0m) | |
| (Increase) decrease in inventories | ($73.0m) | $17.0m | $109.0m | ($134.0m) | $88.0m | ($143.0m) | $123.0m | ($122.0m) | ($12.0m) | |
| Decrease in finance receivables | $162.0m | $166.0m | $101.0m | $183.0m | $20.0m | ($141.0m) | $614.0m | $663.0m | $489.0m | |
| Decrease (increase) in other current and long-term assets | ($20.0m) | $29.0m | ($14.0m) | $8.0m | $68.0m | $27.0m | $16.0m | ($14.0m) | $9.0m | |
| Increase (decrease) in accounts payable | $1.0m | $1.0m | ($47.0m) | ($123.0m) | $118.0m | $278.0m | ($290.0m) | ($48.0m) | $24.0m | |
| (Decrease) increase in accrued compensation | ($28.0m) | ($111.0m) | ($94.0m) | ($189.0m) | ($95.0m) | $34.0m | $48.0m | ($78.0m) | ($53.0m) | |
| Increase (decrease) in other current and long-term liabilities | ($79.0m) | $52.0m | $40.0m | ($165.0m) | $89.0m | $9.0m | ($114.0m) | ($47.0m) | $33.0m | |
| Net change in income tax assets and liabilities | $11.0m | $41.0m | ($34.0m) | ($2.0m) | $10.0m | ($27.0m) | ($12.0m) | ($50.0m) | ($26.0m) | |
| Net change in derivative assets and liabilities | $75.0m | ($14.0m) | $11.0m | $1.0m | $2.0m | ($22.0m) | $13.0m | $10.0m | ($12.0m) | |
| Other operating, net | $9.0m | $37.0m | $6.0m | $40.0m | ($17.0m) | $13.0m | $13.0m | ($13.0m) | $35.0m | |
| Cost of additions to land, buildings, equipment and software | ($105.0m) | ($90.0m) | ($65.0m) | ($74.0m) | ($68.0m) | ($57.0m) | ($37.0m) | ($44.0m) | ($91.0m) | |
| Proceeds from sales of businesses and assets | $23.0m | $59.0m | $21.0m | $30.0m | $44.0m | $87.0m | $43.0m | $35.0m | $79.0m | |
| Acquisitions, net of cash acquired | ($87.0m) | $0 | ($42.0m) | ($203.0m) | ($53.0m) | ($93.0m) | ($7.0m) | ($161.0m) | ($674.0m) | |
| Purchases of capped calls | — | — | — | — | — | $0 | $0 | ($23.0m) | $0 | |
| Payments to acquire treasury stock, including fees | $0 | ($700.0m) | ($600.0m) | ($300.0m) | ($888.0m) | ($113.0m) | ($544.0m) | ($8.0m) | $0 | |
| Beginning Cash Position | — | — | — | — | — | $1.9b | $1.1b | $617.0m | $631.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($822.0m) | ($1.2b) | ($271.0m) | $404.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($78.0m) | ($5.0m) | ($198.0m) | ($698.0m) | |
| Change In Account Payable | — | — | — | — | — | $278.0m | ($290.0m) | ($48.0m) | $24.0m | |
| Change In Accrued Expense | — | — | — | — | — | $34.0m | $48.0m | ($78.0m) | ($53.0m) | |
| Change In Inventory | — | — | — | — | — | ($143.0m) | $123.0m | ($122.0m) | ($12.0m) | |
| Change In Other Current Assets | — | — | — | — | — | ($85.0m) | ($125.0m) | ($121.0m) | ($117.0m) | |
| Change In Other Current Liabilities | — | — | — | — | — | $9.0m | ($114.0m) | ($47.0m) | $33.0m | |
| Change In Other Working Capital | — | — | — | — | — | ($49.0m) | $1.0m | ($40.0m) | ($38.0m) | |
| Change In Payable | — | — | — | — | — | $278.0m | ($290.0m) | ($48.0m) | $24.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $312.0m | ($242.0m) | ($126.0m) | ($29.0m) | |
| Change In Receivables | — | — | — | — | — | ($189.0m) | $609.0m | $734.0m | $453.0m | |
| Change In Working Capital | — | — | — | — | — | ($145.0m) | $252.0m | $278.0m | $290.0m | |
| Changes In Account Receivables | — | — | — | — | — | ($48.0m) | ($5.0m) | $71.0m | ($36.0m) | |
| Changes In Cash | — | — | — | — | — | ($741.0m) | ($521.0m) | $42.0m | ($70.0m) | |
| End Cash Position | — | — | — | — | — | $1.1b | $617.0m | $631.0m | $565.0m | |
| Financing Cash Flow | — | — | — | — | — | ($822.0m) | ($1.2b) | ($271.0m) | $404.0m | |
| Free Cash Flow | — | — | — | — | — | $102.0m | $649.0m | $467.0m | $133.0m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($56.0m) | ($39.0m) | $39.0m | ($52.0m) | |
| Investing Cash Flow | — | — | — | — | — | ($78.0m) | ($5.0m) | ($198.0m) | ($698.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($6.0m) | $36.0m | ($126.0m) | ($595.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($57.0m) | ($37.0m) | ($44.0m) | ($91.0m) | |
| Operating Gains Losses | — | — | — | — | — | ($68.0m) | ($20.0m) | $119.0m | $26.0m | |
| Other Non Cash Items | — | — | — | — | — | ($101.0m) | $162.0m | ($149.0m) | ($26.0m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | ($12.0m) | $19.0m | $80.0m | $78.0m | |
| Provisionand Write Offof Assets | — | — | — | — | — | $65.0m | $54.0m | $110.0m | $85.0m | |
| Purchase Of Business | — | — | — | — | — | ($93.0m) | ($7.0m) | ($161.0m) | ($674.0m) | |
| Purchase Of PPE | — | — | $41.0m | $44.0m | $29.0m | ($57.0m) | ($37.0m) | ($44.0m) | ($91.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($113.0m) | ($544.0m) | ($8.0m) | $0 | |
| Sale Of Business | — | — | — | — | — | $87.0m | $43.0m | $35.0m | $79.0m | |
| Net cash provided by operating activities | ($267.0m) | $1.1b | $1.3b | $548.0m | $629.0m | $159.0m | $686.0m | $511.0m | $224.0m | |
| Divestitures | — | — | — | — | $0 | $0 | $132.0m | $47.0m | ($4.0m) | |
| Other investing, net | $100.0m | $2.0m | $1.0m | $1.0m | ($8.0m) | ($15.0m) | ($4.0m) | ($28.0m) | ($12.0m) | |
| Net Other Investing Changes | — | — | — | — | — | ($15.0m) | ($4.0m) | ($28.0m) | ($12.0m) | |
| Net cash used in investing activities | $165.0m | ($29.0m) | $2.1b | ($246.0m) | ($85.0m) | ($78.0m) | ($5.0m) | ($198.0m) | ($698.0m) | |
| Net proceeds on short-term debt | $2.0m | ($5.0m) | $0 | $0 | — | — | $0 | $0 | $119.0m | |
| Proceeds from issuance of long-term debt | $1.0b | $9.0m | $10.0m | $2.4b | $311.0m | $1.2b | $1.4b | $907.0m | $1.1b | |
| Issuance Of Debt | — | — | — | — | — | $1.2b | $1.4b | $907.0m | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | $1.2b | $1.4b | $907.0m | $1.1b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($529.0m) | ($478.0m) | ($85.0m) | $504.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($529.0m) | ($478.0m) | ($85.0m) | $385.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $119.0m | |
| Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $119.0m | |
| Payments on long-term debt | ($1.8b) | ($311.0m) | ($960.0m) | ($2.2b) | ($519.0m) | ($1.7b) | ($1.9b) | ($992.0m) | ($755.0m) | |
| Long Term Debt Payments | — | — | — | — | — | ($1.7b) | ($1.9b) | ($992.0m) | ($755.0m) | |
| Repayment Of Debt | — | — | — | — | — | ($1.7b) | ($1.9b) | ($992.0m) | ($755.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | ($113.0m) | ($544.0m) | ($8.0m) | $0 | |
| Common Stock Payments | — | — | — | — | — | ($113.0m) | ($544.0m) | ($8.0m) | $0 | |
| Dividends | ($291.0m) | ($269.0m) | ($243.0m) | ($230.0m) | ($206.0m) | ($174.0m) | ($165.0m) | ($141.0m) | ($71.0m) | |
| Cash Dividends Paid | — | — | — | — | — | ($174.0m) | ($165.0m) | ($141.0m) | ($71.0m) | |
| Other financing, net | $128.0m | ($25.0m) | ($41.0m) | ($19.0m) | ($8.0m) | ($6.0m) | ($15.0m) | ($14.0m) | ($29.0m) | |
| Net Other Financing Charges | — | — | — | — | — | ($6.0m) | ($15.0m) | ($37.0m) | ($29.0m) | |
| Net cash provided by (used in) financing activities | ($985.0m) | ($1.3b) | ($1.8b) | ($416.0m) | ($1.3b) | ($822.0m) | ($1.2b) | ($271.0m) | $404.0m | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $53.0m | ($30.0m) | $0 | $10.0m | ($16.0m) | ($29.0m) | ($1.0m) | ($28.0m) | $4.0m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($29.0m) | ($1.0m) | ($28.0m) | $4.0m | |
| (Decrease) increase in cash, cash equivalents and restricted cash | ($1.0b) | ($220.0m) | $1.6b | ($104.0m) | ($782.0m) | ($770.0m) | ($522.0m) | $14.0m | ($66.0m) | |
| Cash, cash equivalents and restricted cash at beginning of year | $2.4b | $1.4b | $1.1b | $2.8b | $2.7b | $1.9b | $1.1b | $631.0m | $565.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($770.0m) | ($522.0m) | $14.0m | ($66.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.