Current Report Filing (8-k)
January 23 2015 - 7:56AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 23, 2015
XEROX CORPORATION
(Exact name of registrant as specified in its charter)
|
|
|
|
|
New York |
|
001-04471 |
|
16-0468020 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
P. O. Box 4505
45 Glover Avenue
Norwalk, Connecticut
06856-4505
(Address of
principal executive offices) (Zip Code)
Registrants telephone number, including area code: (203) 968-3000
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. Results of Operations and Financial Condition.
As Registrant announced on December 18, 2014, with the planned sale of its Information Technology Outsourcing (ITO) business to Atos SE, and
having met applicable accounting requirements, Registrant will be reporting its ITO business as a discontinued operation beginning with its fourth quarter 2014 earnings report. Registrant plans to release its fourth quarter 2014 financial results on
January 30, 2015. To assist investors in evaluating those financial results, Registrant is furnishing this Current Report on Form 8-K in advance of that release in order to provide revised historical quarterly financial information for 2013 and
2014 (through third quarter 2014) that reflects the presentation of its ITO business as a discontinued operation. This information is unaudited and, although not expected, may be subject to revision. This revised historical quarterly information is
attached hereto as Exhibit 99.1 and is also available on Registrants website at: www.xerox.com/investor.
Exhibit 99.1 is furnished herewith
and shall not be deemed filed with the Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be deemed incorporated by
reference into any filing under the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
|
|
Exhibit No. |
|
Description |
|
|
99.1 |
|
Registrants revised historical quarterly financial information for 2013 and 2014 (through third quarter 2014) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this Report to be signed on its behalf by the undersigned
duly authorized.
Date: January 23, 2015
|
|
|
XEROX CORPORATION |
|
|
By: |
|
/s/ Joseph H. Mancini, Jr. |
|
|
Joseph H. Mancini, Jr. |
|
|
Vice President and Chief Accounting Officer |
EXHIBIT INDEX
|
|
|
Exhibit No. |
|
Description |
|
|
99.1 |
|
Registrants revised historical quarterly financial information for 2013 and 2014 (through third quarter 2014) |
|
|
|
Xerox Financial Information |
|
Exhibit 99.1 |
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions, except per-share data) |
|
2013 (Revised)(1) |
|
|
2014 (Revised)(1) |
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
FY |
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q3 YTD |
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
$ |
1,279 |
|
|
$ |
1,432 |
|
|
$ |
1,352 |
|
|
$ |
1,519 |
|
|
$ |
5,582 |
|
|
$ |
1,257 |
|
|
$ |
1,342 |
|
|
$ |
1,275 |
|
|
$ |
3,874 |
|
Outsourcing, maintenance and rentals |
|
|
3,460 |
|
|
|
3,497 |
|
|
|
3,415 |
|
|
|
3,569 |
|
|
|
13,941 |
|
|
|
3,414 |
|
|
|
3,501 |
|
|
|
3,424 |
|
|
|
10,339 |
|
Financing |
|
|
118 |
|
|
|
113 |
|
|
|
133 |
|
|
|
119 |
|
|
|
483 |
|
|
|
100 |
|
|
|
98 |
|
|
|
96 |
|
|
|
294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
|
4,857 |
|
|
|
5,042 |
|
|
|
4,900 |
|
|
|
5,207 |
|
|
|
20,006 |
|
|
|
4,771 |
|
|
|
4,941 |
|
|
|
4,795 |
|
|
|
14,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
804 |
|
|
|
915 |
|
|
|
851 |
|
|
|
980 |
|
|
|
3,550 |
|
|
|
778 |
|
|
|
832 |
|
|
|
774 |
|
|
|
2,384 |
|
Cost of outsourcing, maintenance and rentals |
|
|
2,461 |
|
|
|
2,429 |
|
|
|
2,395 |
|
|
|
2,523 |
|
|
|
9,808 |
|
|
|
2,454 |
|
|
|
2,488 |
|
|
|
2,444 |
|
|
|
7,386 |
|
Cost of financing |
|
|
43 |
|
|
|
42 |
|
|
|
40 |
|
|
|
38 |
|
|
|
163 |
|
|
|
36 |
|
|
|
36 |
|
|
|
35 |
|
|
|
107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cost of Revenue |
|
|
3,308 |
|
|
|
3,386 |
|
|
|
3,286 |
|
|
|
3,541 |
|
|
|
13,521 |
|
|
|
3,268 |
|
|
|
3,356 |
|
|
|
3,253 |
|
|
|
9,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales gross profit |
|
|
475 |
|
|
|
517 |
|
|
|
501 |
|
|
|
539 |
|
|
|
2,032 |
|
|
|
479 |
|
|
|
510 |
|
|
|
501 |
|
|
|
1,490 |
|
Outsourcing, maintenance and rentals gross profit |
|
|
999 |
|
|
|
1,068 |
|
|
|
1,020 |
|
|
|
1,046 |
|
|
|
4,133 |
|
|
|
960 |
|
|
|
1,013 |
|
|
|
980 |
|
|
|
2,953 |
|
Financing gross profit |
|
|
75 |
|
|
|
71 |
|
|
|
93 |
|
|
|
81 |
|
|
|
320 |
|
|
|
64 |
|
|
|
62 |
|
|
|
61 |
|
|
|
187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
1,549 |
|
|
|
1,656 |
|
|
|
1,614 |
|
|
|
1,666 |
|
|
|
6,485 |
|
|
|
1,503 |
|
|
|
1,585 |
|
|
|
1,542 |
|
|
|
4,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research, development & engineering |
|
|
155 |
|
|
|
149 |
|
|
|
146 |
|
|
|
153 |
|
|
|
603 |
|
|
|
145 |
|
|
|
143 |
|
|
|
139 |
|
|
|
427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bad debt expense |
|
|
24 |
|
|
|
33 |
|
|
|
27 |
|
|
|
36 |
|
|
|
120 |
|
|
|
14 |
|
|
|
22 |
|
|
|
18 |
|
|
|
54 |
|
Selling, administrative and general exp. (excl. bad debts) |
|
|
1,000 |
|
|
|
992 |
|
|
|
974 |
|
|
|
987 |
|
|
|
3,953 |
|
|
|
931 |
|
|
|
937 |
|
|
|
924 |
|
|
|
2,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total selling, administrative and general exp. |
|
|
1,024 |
|
|
|
1,025 |
|
|
|
1,001 |
|
|
|
1,023 |
|
|
|
4,073 |
|
|
|
945 |
|
|
|
959 |
|
|
|
942 |
|
|
|
2,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-financing interest expense |
|
|
61 |
|
|
|
61 |
|
|
|
59 |
|
|
|
59 |
|
|
|
240 |
|
|
|
63 |
|
|
|
60 |
|
|
|
56 |
|
|
|
179 |
|
Aggregate exchange (gains) / losses |
|
|
(4 |
) |
|
|
(3 |
) |
|
|
1 |
|
|
|
(1 |
) |
|
|
(7 |
) |
|
|
1 |
|
|
|
(1 |
) |
|
|
|
|
|
|
|
|
All other, net |
|
|
(41 |
) |
|
|
1 |
|
|
|
(22 |
) |
|
|
(25 |
) |
|
|
(87 |
) |
|
|
(25 |
) |
|
|
6 |
|
|
|
15 |
|
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other, net |
|
|
16 |
|
|
|
59 |
|
|
|
38 |
|
|
|
33 |
|
|
|
146 |
|
|
|
39 |
|
|
|
65 |
|
|
|
71 |
|
|
|
175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring and asset impairment charges |
|
|
(8 |
) |
|
|
33 |
|
|
|
35 |
|
|
|
55 |
|
|
|
115 |
|
|
|
26 |
|
|
|
39 |
|
|
|
27 |
|
|
|
92 |
|
Amortization of intangible assets |
|
|
76 |
|
|
|
76 |
|
|
|
77 |
|
|
|
76 |
|
|
|
305 |
|
|
|
77 |
|
|
|
78 |
|
|
|
77 |
|
|
|
232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Costs and Expenses |
|
|
4,571 |
|
|
|
4,728 |
|
|
|
4,583 |
|
|
|
4,881 |
|
|
|
18,763 |
|
|
|
4,500 |
|
|
|
4,640 |
|
|
|
4,509 |
|
|
|
13,649 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before Income Taxes & Equity Income |
|
|
286 |
|
|
|
314 |
|
|
|
317 |
|
|
|
326 |
|
|
|
1,243 |
|
|
|
271 |
|
|
|
301 |
|
|
|
286 |
|
|
|
858 |
|
Income Taxes |
|
|
46 |
|
|
|
61 |
|
|
|
79 |
|
|
|
67 |
|
|
|
253 |
|
|
|
42 |
|
|
|
73 |
|
|
|
66 |
|
|
|
181 |
|
Equity in Net Income of Unconsol. Affil. |
|
|
47 |
|
|
|
36 |
|
|
|
43 |
|
|
|
43 |
|
|
|
169 |
|
|
|
42 |
|
|
|
33 |
|
|
|
44 |
|
|
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from Continuing Operations |
|
|
287 |
|
|
|
289 |
|
|
|
281 |
|
|
|
302 |
|
|
|
1,159 |
|
|
|
271 |
|
|
|
261 |
|
|
|
264 |
|
|
|
796 |
|
Income (Loss) from Discontinued Operations, net of tax |
|
|
13 |
|
|
|
(12 |
) |
|
|
10 |
|
|
|
9 |
|
|
|
20 |
|
|
|
15 |
|
|
|
11 |
|
|
|
8 |
|
|
|
34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
|
|
300 |
|
|
|
277 |
|
|
|
291 |
|
|
|
311 |
|
|
|
1,179 |
|
|
|
286 |
|
|
|
272 |
|
|
|
272 |
|
|
|
830 |
|
Less: Net Income attributable to Noncontrolling Interests |
|
|
4 |
|
|
|
6 |
|
|
|
5 |
|
|
|
5 |
|
|
|
20 |
|
|
|
5 |
|
|
|
6 |
|
|
|
6 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income attributable to Xerox Corporation |
|
$ |
296 |
|
|
$ |
271 |
|
|
$ |
286 |
|
|
$ |
306 |
|
|
$ |
1,159 |
|
|
$ |
281 |
|
|
$ |
266 |
|
|
$ |
266 |
|
|
$ |
813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Average Shares |
|
- Basic |
|
|
1,225 |
|
|
|
1,230 |
|
|
|
1,236 |
|
|
|
1,214 |
|
|
|
1,225 |
|
|
|
1,179 |
|
|
|
1,161 |
|
|
|
1,149 |
|
|
|
1,163 |
|
|
|
- Diluted |
|
|
1,280 |
|
|
|
1,287 |
|
|
|
1,286 |
|
|
|
1,261 |
|
|
|
1,274 |
|
|
|
1,225 |
|
|
|
1,208 |
|
|
|
1,192 |
|
|
|
1,208 |
|
Earnings Per Share |
|
- Basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing Operations |
|
|
0.23 |
|
|
|
0.23 |
|
|
|
0.22 |
|
|
|
0.24 |
|
|
|
0.91 |
|
|
|
0.22 |
|
|
|
0.21 |
|
|
|
0.22 |
|
|
|
0.65 |
|
|
|
Discontinued Operations |
|
|
0.01 |
|
|
|
(0.01 |
) |
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Basic Earnings per Share |
|
|
0.24 |
|
|
|
0.22 |
|
|
|
0.23 |
|
|
|
0.25 |
|
|
|
0.93 |
|
|
|
0.23 |
|
|
|
0.22 |
|
|
|
0.23 |
|
|
|
0.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing Operations |
|
|
0.22 |
|
|
|
0.22 |
|
|
|
0.21 |
|
|
|
0.23 |
|
|
|
0.89 |
|
|
|
0.22 |
|
|
|
0.21 |
|
|
|
0.21 |
|
|
|
0.64 |
|
|
|
Discontinued Operations |
|
|
0.01 |
|
|
|
(0.01 |
) |
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Diluted Earnings per Share |
|
|
0.23 |
|
|
|
0.21 |
|
|
|
0.22 |
|
|
|
0.24 |
|
|
|
0.91 |
|
|
|
0.23 |
|
|
|
0.22 |
|
|
|
0.22 |
|
|
|
0.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Adjusted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Net Income |
|
|
330 |
|
|
|
330 |
|
|
|
324 |
|
|
|
344 |
|
|
|
1,328 |
|
|
|
314 |
|
|
|
303 |
|
|
|
306 |
|
|
|
923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Earnings per Share(2) |
|
|
0.26 |
|
|
|
0.26 |
|
|
|
0.25 |
|
|
|
0.27 |
|
|
|
1.04 |
|
|
|
0.26 |
|
|
|
0.25 |
|
|
|
0.26 |
|
|
|
0.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible Amortization(2) |
|
|
0.04 |
|
|
|
0.04 |
|
|
|
0.04 |
|
|
|
0.04 |
|
|
|
0.15 |
|
|
|
0.04 |
|
|
|
0.04 |
|
|
|
0.05 |
|
|
|
0.12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key Ratios: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Margins |
|
- Sales |
|
|
37.1 |
% |
|
|
36.1 |
% |
|
|
37.1 |
% |
|
|
35.5 |
% |
|
|
36.4 |
% |
|
|
38.1 |
% |
|
|
38.0 |
% |
|
|
39.3 |
% |
|
|
38.5 |
% |
|
|
- Outsourcing/Maintenance/Rentals |
|
|
28.9 |
% |
|
|
30.5 |
% |
|
|
29.9 |
% |
|
|
29.3 |
% |
|
|
29.6 |
% |
|
|
28.1 |
% |
|
|
28.9 |
% |
|
|
28.6 |
% |
|
|
28.6 |
% |
|
|
- Financing |
|
|
63.6 |
% |
|
|
62.8 |
% |
|
|
69.9 |
% |
|
|
68.1 |
% |
|
|
66.3 |
% |
|
|
64.0 |
% |
|
|
63.3 |
% |
|
|
63.5 |
% |
|
|
63.6 |
% |
|
|
- Total |
|
|
31.9 |
% |
|
|
32.8 |
% |
|
|
32.9 |
% |
|
|
32.0 |
% |
|
|
32.4 |
% |
|
|
31.5 |
% |
|
|
32.1 |
% |
|
|
32.2 |
% |
|
|
31.9 |
% |
SAG as a % of Revenue |
|
|
21.1 |
% |
|
|
20.3 |
% |
|
|
20.4 |
% |
|
|
19.6 |
% |
|
|
20.4 |
% |
|
|
19.8 |
% |
|
|
19.4 |
% |
|
|
19.6 |
% |
|
|
19.6 |
% |
Tax Rate |
|
|
16.1 |
% |
|
|
19.4 |
% |
|
|
24.9 |
% |
|
|
20.6 |
% |
|
|
20.4 |
% |
|
|
15.5 |
% |
|
|
24.3 |
% |
|
|
23.1 |
% |
|
|
21.1 |
% |
Other Data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of purchased intangibles (after taxes) |
|
$ |
47 |
|
|
$ |
47 |
|
|
$ |
48 |
|
|
$ |
47 |
|
|
$ |
189 |
|
|
$ |
48 |
|
|
$ |
48 |
|
|
$ |
48 |
|
|
$ |
144 |
|
(1) |
Revised for the reclassification of the ITO business from Services segment to discontinued operations. |
(2) |
Adjusted Earnings per Share is a non-GAAP measure and represents Diluted EPS from Continuing Operations before the after-tax amortization of intangible assets. |
Xerox Corporation Business Segment Performance
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
2013 (Revised)(1) |
|
|
2014 (Revised)(1) |
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
FY |
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q3 YTD |
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services |
|
$ |
2,584 |
|
|
$ |
2,613 |
|
|
$ |
2,596 |
|
|
$ |
2,686 |
|
|
$ |
10,479 |
|
|
$ |
2,585 |
|
|
$ |
2,651 |
|
|
$ |
2,623 |
|
|
$ |
7,859 |
|
Document Technology |
|
|
2,135 |
|
|
|
2,263 |
|
|
|
2,159 |
|
|
|
2,351 |
|
|
|
8,908 |
|
|
|
2,044 |
|
|
|
2,126 |
|
|
|
2,029 |
|
|
|
6,199 |
|
Other |
|
|
138 |
|
|
|
166 |
|
|
|
145 |
|
|
|
170 |
|
|
|
619 |
|
|
|
142 |
|
|
|
164 |
|
|
|
143 |
|
|
|
449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
$ |
4,857 |
|
|
$ |
5,042 |
|
|
$ |
4,900 |
|
|
$ |
5,207 |
|
|
$ |
20,006 |
|
|
$ |
4,771 |
|
|
$ |
4,941 |
|
|
$ |
4,795 |
|
|
$ |
14,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Profit (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services |
|
$ |
250 |
|
|
$ |
276 |
|
|
$ |
268 |
|
|
$ |
261 |
|
|
$ |
1,055 |
|
|
$ |
222 |
|
|
$ |
226 |
|
|
$ |
240 |
|
|
$ |
688 |
|
Document Technology |
|
|
186 |
|
|
|
245 |
|
|
|
260 |
|
|
|
273 |
|
|
|
964 |
|
|
|
249 |
|
|
|
306 |
|
|
|
284 |
|
|
|
839 |
|
Other |
|
|
(68 |
) |
|
|
(61 |
) |
|
|
(54 |
) |
|
|
(34 |
) |
|
|
(217 |
) |
|
|
(50 |
) |
|
|
(75 |
) |
|
|
(82 |
) |
|
|
(207 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Profit (Loss) |
|
$ |
368 |
|
|
$ |
460 |
|
|
$ |
474 |
|
|
$ |
500 |
|
|
$ |
1,802 |
|
|
$ |
421 |
|
|
$ |
457 |
|
|
$ |
442 |
|
|
$ |
1,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services |
|
|
9.7 |
% |
|
|
10.6 |
% |
|
|
10.3 |
% |
|
|
9.7 |
% |
|
|
10.1 |
% |
|
|
8.6 |
% |
|
|
8.5 |
% |
|
|
9.1 |
% |
|
|
8.8 |
% |
Document Technology |
|
|
8.7 |
% |
|
|
10.8 |
% |
|
|
12.0 |
% |
|
|
11.6 |
% |
|
|
10.8 |
% |
|
|
12.2 |
% |
|
|
14.4 |
% |
|
|
14.0 |
% |
|
|
13.5 |
% |
Other |
|
|
(49.3 |
%) |
|
|
(36.7 |
%) |
|
|
(37.2 |
%) |
|
|
(20.0 |
%) |
|
|
(35.1 |
%) |
|
|
(35.2 |
%) |
|
|
(45.7 |
%) |
|
|
(57.3 |
%) |
|
|
(46.1 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Margin |
|
|
7.6 |
% |
|
|
9.1 |
% |
|
|
9.7 |
% |
|
|
9.6 |
% |
|
|
9.0 |
% |
|
|
8.8 |
% |
|
|
9.2 |
% |
|
|
9.2 |
% |
|
|
9.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Revised for the reclassification of the ITO business from Services segment to discontinued operations. Segment profit for our other segments, Document Technology and Other, were impacted by minor reallocation of
expenses as well as rounding. |
Xerox (NYSE:XRX)
Historical Stock Chart
From Apr 2024 to May 2024
Xerox (NYSE:XRX)
Historical Stock Chart
From May 2023 to May 2024