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Xerox (XRX)

Xerox Holdings Corporation makes every day work better. Xerox Holdings Corporation is a workplace technology company building and integrating software and hardware for enterprises large and small. As customers seek to manage information across digital and physical platforms, Xerox delivers a seamless, secure and sustainable experience. Whether inventing the copier, the Ethernet, the laser printer or more, Xerox has long defined the modern work experience.

Company profile

Ticker
XRX
Exchange
Website
CEO
Giovanni Visentin
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
XHC Acquisition Corp. • Xerox Ventures LLC • Xerox Corporation • Alloy Acquisitions Corp. LLC • American Photocopy Equipment Company • Xerox Business Solutions Southeast, LLC • GDP Technologies, Inc. • Stewart of Alabama, Inc. • Bright Ceramic Technologies Inc. • Capitol Office Solutions, LLC ...

XRX stock data

Calendar

3 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Cash burn (monthly) 178M 81.33M 1.33M 59.75M 28.33M (no burn)
Cash used (since last report) 544.09M 248.61M 4.08M 182.64M 86.61M n/a
Cash remaining 682.91M 978.39M 1.22B 1.04B 1.14B n/a
Runway (months of cash) 3.8 12.0 917.2 17.5 40.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Bandrowczak Steven John RSU Grant Acquire A No No 0 176,679 0 361,695
28 Jul 22 Philip Giordano Deferred Stock Units Grant Acquire A No No 0 15,656 0 15,656
20 Jul 22 Mirlanda Gecaj RSU Grant Acquire A No No 0 3,570 0 3,570
19 May 22 Echevarria Joseph Deferred Stock Units Grant Acquire A No No 0 18,819 0 70,806
13F holders Current Prev Q Change
Total holders 451 466 -3.2%
Opened positions 76 85 -10.6%
Closed positions 91 41 +122.0%
Increased positions 137 120 +14.2%
Reduced positions 162 191 -15.2%
13F shares Current Prev Q Change
Total value 6.19B 13.64B -54.6%
Total shares 185.25M 183.96M +0.7%
Total puts 2.73M 5.45M -49.9%
Total calls 5.7M 2.27M +151.6%
Total put/call ratio 0.5 2.4 -80.1%
Largest owners Shares Value Change
Icahn Carl C Et Al 23.46M $444.26M 0.0%
Vanguard 22.23M $421.12M +1.0%
BLK Blackrock 16M $302.97M -1.1%
STT State Street 9.29M $178.3M -1.0%
Aqr Capital Management 8.94M $162.72M +40.2%
BK Bank Of New York Mellon 7.38M $139.76M -0.3%
LSV Asset Management 6.54M $123.94M -7.6%
Dimensional Fund Advisors 6.16M $116.68M +0.5%
IVZ Invesco 4.31M $81.57M -15.6%
Geode Capital Management 3.8M $71.79M +0.3%
Largest transactions Shares Bought/sold Change
APG Asset Management 1.39M -3.26M -70.2%
FMR 3.18M +2.61M +457.8%
Aqr Capital Management 8.94M +2.56M +40.2%
Norges Bank 0 -1.99M EXIT
Coatue Management 0 -1.97M EXIT
Lord, Abbett & Co. 0 -1.23M EXIT
Mason Capital Management 1.13M +1.13M NEW
Contour Asset Management 1.09M +1.09M NEW
Quinn Opportunity Partners 1.19M +1.08M +954.3%
Davidson Kempner Capital Management 0 -921.56K EXIT

Financial report summary

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Competition
CanonHPCynergisTekARC Document SolutionsBornFronteo
Risks
  • The effects of pandemics, such as the COVID-19 pandemic, may materially affect how we and our customers operate our businesses, and the duration and extent to which a pandemic may impact our future results of operations and overall financial performance is uncertain.
  • If we are unsuccessful at addressing our business challenges, our business and results of operations may be adversely affected and our ability to invest in and grow our business could be limited.
  • If we fail to successfully develop new products, technologies and service offerings and protect our intellectual property rights, we may be unable to retain current customers and gain new customers and our revenues would decline.
  • We need to successfully manage changes in the printing environment and market because our operating results may be negatively impacted by lower equipment placements and usage trends.
  • We face significant competition and our failure to compete successfully could adversely affect our results of operations and financial condition.
  • Our profitability is dependent upon our ability to obtain adequate pricing for our products and services and to improve our cost structure.
  • We have outsourced a significant portion of our manufacturing operations and increasingly rely on third-party manufacturers, subcontractors and suppliers.
  • We may be unable to attract and retain key personnel while our business model undergoes significant changes.
  • We may not achieve some or all of the expected benefits of our restructuring and transformation plans and our restructuring may adversely affect our business.
  • Our government contracts are subject to termination rights, audits and investigations, which, if exercised, could negatively impact our reputation and reduce our ability to compete for new contracts.
  • Our ability to fund our customer financing activities at economically competitive levels depends on our ability to borrow and the cost of borrowing in the credit markets.
  • Our significant debt could adversely affect our financial health and pose challenges for conducting our business.
  • We need to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations, such as payment of dividends to the extent declared by our Board of Directors. If we fail to comply with the covenants contained in our various borrowing agreements, it may adversely affect our liquidity, results of operations and financial condition.
  • Our financial condition and results of operations could be adversely affected by employee benefit-related funding requirements.
  • Our business, results of operations and financial condition may be negatively impacted by conditions abroad, including local economic and political environments, fluctuating foreign currencies and shifting regulatory schemes.
  • Tariffs or other restrictions on foreign imports could negatively impact our financial performance.
  • We operate globally and changes in tax laws could adversely affect our results.
  • We are subject to breaches of our security systems, cyber-attacks and service interruptions, which could expose us to liability, litigation, regulatory action and damage our reputation.
  • We are subject to laws of the United States and foreign jurisdictions relating to individually identifiable information, and failure to comply with those laws could subject us to legal actions and negatively impact our operations.
  • Our business, results of operations and financial condition may be negatively impacted by legal and regulatory matters.
Management Discussion
  • Total revenue of $7.0 billion in 2021 increased 0.2% from the prior year, including a 1.6-percentage point favorable impact from currency and an approximate 0.5-percentage point favorable impact from 2021 and 2020 acquisitions. Total revenue for 2021 reflected the impacts from the COVID-19 pandemic as well as the global product supply and logistics constraints, which limited our ability to fulfill orders and drove an increase in our order backlog in the second half of the year. Total revenue reflected a 1.1% increase in Equipment sales revenue, including a 1.5-percentage point favorable impact from currency, while Post sale revenue was flat, including a 1.7-percentage point favorable impact from currency. While the COVID-19 pandemic significantly impacted our 2021 revenues as a result of business closures and office building capacity restrictions, the progress of vaccinations and the gradual reopening of workplaces resulted in higher year-over-year page volumes for most of 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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