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	274	251	270	327
Stock-Based Compensation	45	52	54	75	54
Other Adjustments	54	1,241	115	268	404
Change in Receivables	-57	71	-5	-48	41
Changes in Inventories	-12	-122	123	-143	88
Changes in Accounts Payable	24	-48	-290	278	118
Changes in Accrued Expenses	-53	-78	48	34	9
Changes in Income Taxes Payable	476	-50	-12	-27	10
Changes in Other Operating Activities	449	492	401	-226	33
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
Sale of Property, Plant & Equipment	79	35	43	87	44
Payments for Business Acquisitions	-674	-161	-7	-93	-53
Other Investing Activities	-12	-28	-4	-15	-8
Investing Cash Flow	-698	-198	-5	-78	-85
Long-Term Debt Issued	-	907	1,396	1,194	311
Long-Term Debt Repaid	-	-992	-1,874	-1,723	-519
Net Long-Term Debt Issued (Repaid)	-	-85	-478	-529	-208
Repurchase of Common Stock	-	-8	-544	-113	-888
Net Common Stock Issued (Repurchased)	-	-8	-544	-113	-888
Common Dividends Paid	-71	-141	-165	-174	-206
Other Financing Activities	475	-37	-15	-6	-8
Financing Cash Flow	404	-271	-1,202	-822	-1,310
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF Margin	1.89%	7.51%	9.42%	1.44%	7.97%
Free Cash Flow Per Share	1.05	3.76	4.35	0.65	3.06
Levered Free Cash Flow	81	-996	-7	-736	-160
Unlevered Free Cash Flow	95	-897	485	-193	62

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.