Xerox Holdings Corp
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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.
Mar 31, 2025 · Filed May 12, 2025
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Xerox Corporation Condensed Consolidated Statements of Loss
CONDENSED CONSOLIDATED STATEMENTS OF LOSS (UNAUDITED)
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Revenues | ||
| Sales | $557 | $523 |
| Services, maintenance, rentals and other(1) | 900 | 979 |
| Total Revenues | 1,457 | 1,502 |
| Costs and Expenses | ||
| Cost of sales | 382 | 340 |
| Cost of services, maintenance, rentals and other(1) | 649 | 719 |
| Research, development and engineering expenses | 42 | 49 |
| Selling, administrative and general expenses | 377 | 397 |
| Restructuring and related costs, net | (1) | 39 |
| Amortization of intangible assets | 10 | 10 |
| Divestitures | (4) | 54 |
| Other expenses, net | 66 | 44 |
| Total Costs and Expenses | 1,521 | 1,652 |
| Loss before Income Taxes | (64) | (150) |
| Income tax expense (benefit) | 23 | (37) |
| Net Loss | $(87) | $(113) |
(1)On January 1, 2025, the Company updated its determination of reportable segments, and as a result, made certain reclassifications within the Condensed Consolidated Statement of Loss to the prior periods in order to conform to the current period reporting. Refer to the Segments section of Note 1 - Basis of Presentation for additional information.
Xerox 2025 Form 10-Q 7
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