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XEROX CORP (XRX)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]7,107.07,038.07,022.09,066.09,662.09,991.010,771.011,465.0
            Revenue growth  1.0%0.2%-22.5%-6.2%-3.3%-7.2%-6.1%-9.6%
Cost of goods sold   [+]7,179.07,287.06,695.05,505.05,691.06,144.06,583.06,753.0
Gross profit  -72.0-249.0327.03,561.03,971.03,847.04,188.04,712.0
            Gross margin  -1.0%-3.5%4.7%39.3%41.1%38.5%38.9%41.1%
Selling, general and administrative  256.0226.075.02,085.02,379.02,514.02,636.02,865.0
Research and development     373.0397.0424.0463.0511.0
Equity in earnings     8.08.013.0127.0109.0
EBITDA   [+]399.0281.0876.01,535.01,534.01,186.01,401.01,579.0
            EBITDA margin  5.6%4.0%12.5%16.9%15.9%11.9%13.0%13.8%
Depreciation and amortization  270.0327.0368.0385.0478.0474.0505.0530.0
EBITA  129.0-46.0508.01,150.01,056.0712.0896.01,049.0
            EBITA margin  1.8%-0.7%7.2%12.7%10.9%7.1%8.3%9.1%
Amortization of intangibles     45.048.053.058.060.0
EBIT   [+]129.0-46.0508.01,105.01,008.0659.0838.0989.0
            EBIT margin  1.8%-0.7%7.2%12.2%10.4%6.6%7.8%8.6%
Non-recurring items   [+]256.0226.075.0152.0327.01.0142.0-65.0
Interest expense  201.0203.0181.0131.0132.0133.0128.0130.0
Pre-tax income  -328.0-475.0252.0822.0549.0525.0568.0924.0
Income taxes  -3.0-17.064.0179.0247.0468.062.0193.0
            Tax rate  0.9%3.6%25.4%21.8%45.0%89.1%10.9%20.9%
Minority interest        11.018.0
Earnings from continuing ops  -322.0-455.0192.0651.0310.070.0162.01,288.0
Earnings from discontinued ops     710.064.0137.0  
Net income  -322.0-455.0192.01,361.0374.0207.0162.01,288.0
            Net margin  -4.5%-6.5%2.7%15.0%3.9%2.1%1.5%11.2%
   
Basic EPS   [+]($2.06)($2.48)$0.92$2.93$1.25$0.28$639.33$4.84
Diluted EPS   [+]($2.06)($2.48)$0.92$2.93$1.23$0.27$632.82$4.79
   
Dividends per share   [+]$1.03$1.05$1.03$1.09$1.08$1.14$1,306.28$1.13
   
Shares outstanding (basic)   [+]156.0183.2209.0222.0248.7254.30.3266.1
Shares outstanding (diluted)   [+]156.0183.2209.0222.0251.7256.60.3269.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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