Xerox Holdings Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
XRX$1.07+2.9%Stored close · as of Nov 10, 2026
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Xerox Corporation Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| (in millions) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $521 | $519 |
| Accounts receivable (net of allowance of $71 and $64, respectively) | 821 | 850 |
| Billed portion of finance receivables (net of allowance of $3 and $4, respectively) | 50 | 71 |
| Finance receivables, net | 664 | 842 |
| Inventories | 732 | 661 |
| Other current assets | 223 | 234 |
| Total current assets | 3,011 | 3,177 |
| Finance receivables due after one year (net of allowance of $68 and $88, respectively) | 1,275 | 1,597 |
| Equipment on operating leases, net | 255 | 265 |
| Land, buildings and equipment, net | 225 | 266 |
| Intangible assets, net | 149 | 177 |
| Goodwill, net | 1,709 | 2,747 |
| Deferred tax assets | 635 | 745 |
| Other long-term assets | 1,023 | 1,008 |
| Total Assets | $8,282 | $9,982 |
| Liabilities and Equity | ||
| Short-term debt and current portion of long-term debt | $131 | $567 |
| Short-term related party debt | 388 | — |
| Accounts payable | 895 | 1,044 |
| Accrued compensation and benefits costs | 227 | 306 |
| Accrued expenses and other current liabilities | 709 | 820 |
| Total current liabilities | 2,350 | 2,737 |
| Long-term debt | 1,119 | 1,213 |
| Long-term related party debt | 1,633 | 1,497 |
| Pension and other benefit liabilities | 1,126 | 1,216 |
| Post-retirement medical benefits | 166 | 171 |
| Other long-term liabilities | 354 | 360 |
| Total Liabilities | 6,748 | 7,194 |
| Commitments and Contingencies (See Note 21) | ||
| Noncontrolling Interests | 10 | 10 |
| Additional paid-in capital | 3,477 | 3,485 |
| Retained earnings | 1,557 | 2,959 |
| Accumulated other comprehensive loss | (3,514) | (3,676) |
| Xerox shareholder's equity | 1,520 | 2,768 |
| Noncontrolling interests | 4 | 10 |
| Total Equity | 1,524 | 2,778 |
| Total Liabilities and Equity | $8,282 | $9,982 |
Xerox 2024 Form 10-Q 9
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