Xerox Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,029	-1,321	1	-322	-455
Depreciation & Amortization	331	247	214	225	286
Other Amortization	-	27	37	45	41
Loss (Gain) From Sale of Assets	-5	39	-39	-56	-40
Asset Writedown & Restructuring Costs	-2	1,067	119	422	736
Stock-Based Compensation	45	52	54	75	54
Provision & Write-off of Bad Debts	-	44	36	36	12
Other Operating Activities	92	78	12	-121	-321
Change in Accounts Receivable	-57	71	-5	-48	41
Change in Inventory	-12	-122	123	-143	88
Change in Accounts Payable	24	-48	-290	278	118
Change in Other Net Operating Assets	361	427	436	-205	59
Operating Cash Flow	224	511	686	159	629
Operating Cash Flow Growth	-56.16%	-25.51%	331.45%	-74.72%	14.78%
Capital Expenditures	-91	-44	-37	-57	-68
Cash Acquisitions	-674	-161	-7	-93	-53
Divestitures	79	35	43	87	44
Other Investing Activities	-12	-28	-4	-15	-8
Investing Cash Flow	-698	-198	-5	-78	-85
Long-Term Debt Issued	504	907	1,396	1,194	311
Total Debt Issued	504	907	1,396	1,194	311
Long-Term Debt Repaid	-	-992	-1,874	-1,723	-519
Total Debt Repaid	-	-992	-1,874	-1,723	-519
Net Debt Issued (Repaid)	504	-85	-478	-529	-208
Repurchase of Common Stock	-	-8	-544	-113	-888
Preferred Dividends Paid	-14	-14	-14	-14	-14
Common Dividends Paid	-57	-127	-151	-160	-192
Dividends Paid	-71	-141	-165	-174	-206
Other Financing Activities	-29	-37	-15	-6	-8
Financing Cash Flow	404	-271	-1,202	-822	-1,310
Foreign Exchange Rate Adjustments	4	-28	-1	-29	-16
Net Cash Flow	-66	14	-522	-770	-782
Free Cash Flow	133	467	649	102	561
Free Cash Flow Growth	-71.52%	-28.04%	536.27%	-81.82%	18.35%
Free Cash Flow Margin	1.89%	7.51%	9.43%	1.44%	7.97%
Free Cash Flow Per Share	1.05	3.76	4.35	0.65	3.06
Cash Interest Paid	-	214	201	201	203
Cash Income Tax Paid	-	65	51	50	61
Levered Free Cash Flow	342	367	594.88	474.13	904.63
Unlevered Free Cash Flow	497	441.38	637.38	531	964.63
Change in Working Capital	792	278	252	-145	316

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.