| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net (Loss) Income | ||||||
1,361,000 | 374,000 | 207,000 | ||||
Income from discontinued operations, net of tax | ||||||
710,000 | 64,000 | 137,000 | ||||
(Loss) Income from Continuing Operations | ||||||
651,000 | 310,000 | 70,000 | ||||
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities | ||||||
Depreciation and amortization | ||||||
430,000 | 526,000 | 527,000 | ||||
Provisions | ||||||
73,000 | 70,000 | 73,000 | ||||
Deferred tax expense | ||||||
124,000 | 135,000 | 399,000 | ||||
Net gain on sales of businesses and assets | ||||||
21,000 | 35,000 | 15,000 | ||||
Stock-based compensation | ||||||
50,000 | 57,000 | 52,000 | ||||
Restructuring and asset impairment charges | ||||||
127,000 | 156,000 | 197,000 | ||||
Payments for restructurings | ||||||
93,000 | 169,000 | 220,000 | ||||
Defined benefit pension cost | ||||||
109,000 | 175,000 | 194,000 | ||||
Contributions to defined benefit pension plans | ||||||
141,000 | 144,000 | 836,000 | ||||
Decrease in accounts receivable and billed portion of finance receivables | ||||||
-10,000 | -31,000 | 531,000 | ||||
Increase in inventories | ||||||
-109,000 | -17,000 | 73,000 | ||||
Increase in equipment on operating leases | ||||||
153,000 | 248,000 | 217,000 | ||||
Decrease in finance receivables | ||||||
-101,000 | -166,000 | -162,000 | ||||
Increase in other current and long-term assets | ||||||
14,000 | -29,000 | 20,000 | ||||
(Decrease) increase in accounts payable | ||||||
-47,000 | 1,000 | 1,000 | ||||
Decrease in accrued compensation | ||||||
-94,000 | -111,000 | -28,000 | ||||
(Decrease) increase in other current and long-term liabilities | ||||||
40,000 | 52,000 | -79,000 | ||||
Net change in income tax assets and liabilities | ||||||
-34,000 | 41,000 | 11,000 | ||||
Net change in derivative assets and liabilities | ||||||
-11,000 | 14,000 | -75,000 | ||||
Other operating, net | ||||||
6,000 | 37,000 | 9,000 | ||||
Net cash provided by operating activities of continuing operations | ||||||
1,244,000 | 1,082,000 | -249,000 | ||||
Net cash provided by operating activities of discontinued operations | ||||||
89,000 | 58,000 | -18,000 | ||||
Net cash provided by operating activities | ||||||
1,333,000 | 1,140,000 | -267,000 | ||||
Cash Flows from Investing Activities | ||||||
Cost of additions to land, buildings, equipment and software | ||||||
65,000 | 90,000 | 105,000 | ||||
Proceeds from sales of businesses and assets | ||||||
21,000 | 59,000 | 23,000 | ||||
Acquisitions, net of cash acquired | ||||||
42,000 | 0 | 87,000 | ||||
Collections of deferred proceeds from sales of receivables | ||||||
0 | 0 | 213,000 | ||||
Collections on beneficial interest from sales of finance receivables | ||||||
0 | 0 | 21,000 | ||||
Other investing, net | ||||||
-1,000 | -2,000 | -100,000 | ||||
Net cash (used in) provided by investing activities of continuing operations | ||||||
-85,000 | -29,000 | 165,000 | ||||
Net cash provided by investing activities of discontinued operations | ||||||
2,233,000 | 0 | 0 | ||||
Net cash used in investing activities | ||||||
2,148,000 | -29,000 | 165,000 | ||||
Cash Flows from Financing Activities | ||||||
Net proceeds on short-term debt | ||||||
0 | -5,000 | 2,000 | ||||
Proceeds from issuance of long-term debt | ||||||
10,000 | 9,000 | 1,008,000 | ||||
Payments on long-term debt | ||||||
960,000 | 311,000 | 1,832,000 | ||||
Dividends | ||||||
243,000 | 269,000 | 291,000 | ||||
Payments to acquire treasury stock, including fees | ||||||
600,000 | 700,000 | 0 | ||||
Other financing, net | ||||||
-41,000 | -25,000 | 128,000 | ||||
Net cash used in financing activities | ||||||
-1,834,000 | -1,301,000 | -985,000 | ||||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
0 | -30,000 | 53,000 | ||||
Decrease in cash, cash equivalents and restricted cash | ||||||
1,647,000 | -220,000 | -1,034,000 | ||||
XEROX CORPORATION | ||||||
Net (Loss) Income | ||||||
1,361,000 | 374,000 | 207,000 | ||||
Income from discontinued operations, net of tax | ||||||
710,000 | 64,000 | 137,000 | ||||
(Loss) Income from Continuing Operations | ||||||
651,000 | 310,000 | 70,000 | ||||
Depreciation and amortization | ||||||
430,000 | 526,000 | 527,000 | ||||
Provisions | ||||||
73,000 | 70,000 | 73,000 | ||||
Net gain on sales of businesses and assets | ||||||
21,000 | 35,000 | 15,000 | ||||
Stock-based compensation | ||||||
50,000 | 57,000 | 52,000 | ||||
Restructuring and asset impairment charges | ||||||
127,000 | 156,000 | 197,000 | ||||
Payments for restructurings | ||||||
93,000 | 169,000 | 220,000 | ||||
Defined benefit pension cost | ||||||
109,000 | 175,000 | 194,000 | ||||
Contributions to defined benefit pension plans | ||||||
141,000 | 144,000 | 836,000 | ||||
Decrease in accounts receivable and billed portion of finance receivables | ||||||
-10,000 | -31,000 | 531,000 | ||||
Increase in inventories | ||||||
-109,000 | -17,000 | 73,000 | ||||
Increase in equipment on operating leases | ||||||
153,000 | 248,000 | 217,000 | ||||
Decrease in finance receivables | ||||||
-101,000 | -166,000 | -162,000 | ||||
Increase in other current and long-term assets | ||||||
14,000 | -29,000 | 20,000 | ||||
Decrease in accrued compensation | ||||||
-94,000 | -111,000 | -28,000 | ||||
(Decrease) increase in other current and long-term liabilities | ||||||
40,000 | 52,000 | -79,000 | ||||
Net change in income tax assets and liabilities | ||||||
-34,000 | 41,000 | 11,000 | ||||
Net change in derivative assets and liabilities | ||||||
-11,000 | 14,000 | -75,000 | ||||
Other operating, net | ||||||
6,000 | 37,000 | 9,000 | ||||
Net cash provided by operating activities of continuing operations | ||||||
1,244,000 | 1,082,000 | -249,000 | ||||
Net cash provided by operating activities of discontinued operations | ||||||
89,000 | 58,000 | -18,000 | ||||
Net cash provided by operating activities | ||||||
1,333,000 | 1,140,000 | -267,000 | ||||
Cost of additions to land, buildings, equipment and software | ||||||
65,000 | 90,000 | 105,000 | ||||
Proceeds from sales of businesses and assets | ||||||
21,000 | 59,000 | 23,000 | ||||
Acquisitions, net of cash acquired | ||||||
42,000 | 0 | 87,000 | ||||
Net cash used in investing activities | ||||||
2,148,000 | -29,000 | 165,000 | ||||
Net proceeds on short-term debt | ||||||
0 | -5,000 | 2,000 | ||||
Proceeds from issuance of long-term debt | ||||||
10,000 | 9,000 | 1,008,000 | ||||
Payments on long-term debt | ||||||
960,000 | 311,000 | 1,832,000 | ||||
Dividends | ||||||
181,000 | 269,000 | 291,000 | ||||
Payments to acquire treasury stock, including fees | ||||||
300,000 | 700,000 | 0 | ||||
Other financing, net | ||||||
-30,000 | -25,000 | 128,000 | ||||
Net cash used in financing activities | ||||||
-1,834,000 | -1,301,000 | -985,000 | ||||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
0 | -30,000 | 53,000 | ||||
Decrease in cash, cash equivalents and restricted cash | ||||||
1,647,000 | -220,000 | -1,034,000 | ||||
Xerox Corporation | ||||||
Deferred tax expense | ||||||
124,000 | 135,000 | 399,000 | ||||
(Decrease) increase in accounts payable | ||||||
-47,000 | 1,000 | 1,000 | ||||
Collections of deferred proceeds from sales of receivables | ||||||
0 | 0 | 213,000 | ||||
Collections on beneficial interest from sales of finance receivables | ||||||
0 | 0 | 21,000 | ||||
Other investing, net | ||||||
-1,000 | -2,000 | -100,000 | ||||
Net cash (used in) provided by investing activities of continuing operations | ||||||
-85,000 | -29,000 | 165,000 | ||||
Net cash provided by investing activities of discontinued operations | ||||||
2,233,000 | 0 | 0 | ||||
Distributions to parent | ||||||
373,000 | 0 | 0 | ||||