| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Sep'18 | Jun'18 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net (Loss) Income | ||||||
-2,000 | 819,000 | 222,000 | 184,000 | 136,000 | 93,000 | 114,000 |
Income from discontinued operations, net of tax | ||||||
0 | - | - | - | 51,000 | - | - |
(Loss) Income from Continuing Operations | ||||||
-2,000 | - | - | - | 85,000 | - | - |
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities | ||||||
Depreciation and amortization | ||||||
94,000 | 98,000 | 104,000 | 110,000 | 118,000 | 122,000 | 138,000 |
Provisions | ||||||
80,000 | 15,000 | 16,000 | 20,000 | 22,000 | 16,000 | 23,000 |
Net gain on sales of businesses and assets | ||||||
1,000 | 1,000 | 19,000 | 0 | 1,000 | 3,000 | 16,000 |
Undistributed equity in net income of unconsolidated affiliates | ||||||
- | - | 59,000 | 1,000 | - | 43,000 | 16,000 |
Stock-based compensation | ||||||
11,000 | 9,000 | 11,000 | 15,000 | 15,000 | 15,000 | 13,000 |
Restructuring and asset impairment charges | ||||||
29,000 | 47,000 | 8,000 | 18,000 | 54,000 | 29,000 | 34,000 |
Payments for restructurings | ||||||
35,000 | 22,000 | 17,000 | 21,000 | 33,000 | 39,000 | 37,000 |
Defined benefit pension cost | ||||||
24,000 | 20,000 | 21,000 | 32,000 | 36,000 | 36,000 | 26,000 |
Contributions to defined benefit pension plans | ||||||
33,000 | 34,000 | 37,000 | 36,000 | 34,000 | 36,000 | 37,000 |
Decrease in accounts receivable and billed portion of finance receivables | ||||||
-166,000 | 51,000 | -51,000 | 28,000 | -38,000 | -1,000 | 10,000 |
Increase in inventories | ||||||
126,000 | -74,000 | -16,000 | -67,000 | 48,000 | 20,000 | -16,000 |
Increase in equipment on operating leases | ||||||
32,000 | 40,000 | 41,000 | 42,000 | 30,000 | 63,000 | 63,000 |
Decrease in finance receivables | ||||||
-93,000 | 23,000 | -5,000 | -38,000 | -81,000 | -39,000 | -57,000 |
Increase in other current and long-term assets | ||||||
16,000 | 15,000 | 14,000 | -17,000 | 2,000 | 4,000 | -38,000 |
Increase (decrease) in accounts payable | ||||||
51,000 | - | 21,000 | -21,000 | -32,000 | -31,000 | -1,000 |
Decrease in accrued compensation | ||||||
-108,000 | 5,000 | -15,000 | -11,000 | -73,000 | 4,000 | -69,000 |
(Decrease) increase in other current and long-term liabilities | ||||||
-38,000 | 20,000 | 27,000 | -54,000 | 47,000 | 15,000 | -5,000 |
Net change in income tax assets and liabilities | ||||||
-10,000 | -61,000 | 40,000 | 8,000 | -21,000 | 124,000 | 28,000 |
Net change in derivative assets and liabilities | ||||||
-8,000 | 4,000 | -5,000 | -2,000 | -8,000 | -21,000 | 17,000 |
Other operating, net | ||||||
18,000 | -13,000 | 11,000 | 16,000 | -8,000 | -2,000 | 19,000 |
Net cash provided by operating activities of continuing operations | ||||||
173,000 | - | - | - | 222,000 | - | - |
Net cash provided by operating activities of discontinued operations | ||||||
0 | - | - | - | 4,000 | - | - |
Net cash provided by operating activities | ||||||
173,000 | 438,000 | 356,000 | 313,000 | 226,000 | 274,000 | 235,000 |
Cash Flows from Investing Activities | ||||||
Cost of additions to land, buildings, equipment and software | ||||||
23,000 | 17,000 | 17,000 | 16,000 | 15,000 | 23,000 | 32,000 |
Proceeds from sales of businesses and assets | ||||||
2,000 | - | - | - | 1,000 | - | - |
Proceeds from sales of businesses and assets | ||||||
- | - | 20,000 | 0 | - | 0 | 16,000 |
Acquisitions, net of cash acquired | ||||||
193,000 | 0 | 0 | 38,000 | 4,000 | 0 | 0 |
Other investing, net | ||||||
- | - | -1,000 | 0 | - | 0 | -1,000 |
Net cash used in investing activities | ||||||
-214,000 | 2,216,000 | 4,000 | -54,000 | -18,000 | -23,000 | -15,000 |
Cash Flows from Financing Activities | ||||||
Net proceeds on short-term debt | ||||||
0 | - | - | - | 2,000 | - | - |
Net payments on short-term debt | ||||||
- | - | 0 | 2,000 | - | 1,000 | 0 |
Proceeds from issuance of long-term debt | ||||||
2,000 | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 3,000 |
Payments on long-term debt | ||||||
0 | 554,000 | 0 | 0 | 406,000 | 1,000 | 272,000 |
Dividends | ||||||
58,000 | 60,000 | 61,000 | 60,000 | 62,000 | 69,000 | 68,000 |
Payments to acquire treasury stock, including fees | ||||||
0 | 232,000 | 68,000 | 197,000 | 103,000 | 284,000 | 0 |
Other financing, net | ||||||
-4,000 | -8,000 | -10,000 | -21,000 | -2,000 | -6,000 | -2,000 |
Net cash used in financing activities | ||||||
-60,000 | -851,000 | -137,000 | -277,000 | -569,000 | -359,000 | -339,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-29,000 | 13,000 | -20,000 | 8,000 | -1,000 | -1,000 | -28,000 |
Decrease in cash, cash equivalents and restricted cash | ||||||
-130,000 | 1,816,000 | 203,000 | -10,000 | -362,000 | -109,000 | -147,000 |
XEROX CORPORATION | ||||||
Net (Loss) Income | ||||||
-2,000 | - | 222,000 | - | 136,000 | 93,000 | - |
Income from discontinued operations, net of tax | ||||||
0 | - | - | - | 51,000 | - | - |
(Loss) Income from Continuing Operations | ||||||
-2,000 | - | - | - | 85,000 | - | - |
Depreciation and amortization | ||||||
94,000 | - | 104,000 | - | 118,000 | 122,000 | - |
Provisions | ||||||
80,000 | - | 16,000 | - | 22,000 | 16,000 | - |
Net gain on sales of businesses and assets | ||||||
1,000 | - | 19,000 | - | 1,000 | 3,000 | - |
Undistributed equity in net income of unconsolidated affiliates | ||||||
- | - | 59,000 | - | - | 43,000 | - |
Stock-based compensation | ||||||
11,000 | - | 11,000 | - | 15,000 | 15,000 | - |
Restructuring and asset impairment charges | ||||||
29,000 | - | 8,000 | - | 54,000 | 29,000 | - |
Payments for restructurings | ||||||
35,000 | - | 17,000 | - | 33,000 | 39,000 | - |
Defined benefit pension cost | ||||||
24,000 | - | 21,000 | - | 36,000 | 36,000 | - |
Contributions to defined benefit pension plans | ||||||
33,000 | - | 37,000 | - | 34,000 | 36,000 | - |
Decrease in accounts receivable and billed portion of finance receivables | ||||||
-166,000 | - | -51,000 | - | -38,000 | -1,000 | - |
Increase in inventories | ||||||
126,000 | - | -16,000 | - | 48,000 | 20,000 | - |
Increase in equipment on operating leases | ||||||
32,000 | - | 41,000 | - | 30,000 | 63,000 | - |
Decrease in finance receivables | ||||||
-93,000 | - | -5,000 | - | -81,000 | -39,000 | - |
Increase in other current and long-term assets | ||||||
16,000 | - | 14,000 | - | 2,000 | 4,000 | - |
Increase (decrease) in accounts payable | ||||||
51,000 | - | 21,000 | - | -32,000 | -31,000 | - |
Decrease in accrued compensation | ||||||
-108,000 | - | -15,000 | - | -73,000 | 4,000 | - |
(Decrease) increase in other current and long-term liabilities | ||||||
-38,000 | - | 27,000 | - | 47,000 | 15,000 | - |
Net change in income tax assets and liabilities | ||||||
-10,000 | - | 40,000 | - | -21,000 | 124,000 | - |
Net change in derivative assets and liabilities | ||||||
-8,000 | - | -5,000 | - | -8,000 | -21,000 | - |
Other operating, net | ||||||
18,000 | - | 11,000 | - | -8,000 | -2,000 | - |
Net cash provided by operating activities of continuing operations | ||||||
173,000 | - | - | - | 222,000 | - | - |
Net cash provided by operating activities of discontinued operations | ||||||
0 | - | - | - | 4,000 | - | - |
Net cash provided by operating activities | ||||||
173,000 | - | 356,000 | - | 226,000 | 274,000 | - |
Cost of additions to land, buildings, equipment and software | ||||||
23,000 | - | 17,000 | - | 15,000 | 23,000 | - |
Proceeds from sales of businesses and assets | ||||||
2,000 | - | - | - | 1,000 | - | - |
Proceeds from sales of businesses and assets | ||||||
- | - | 20,000 | - | - | 0 | - |
Acquisitions, net of cash acquired | ||||||
193,000 | - | 0 | - | 4,000 | 0 | - |
Net cash used in investing activities | ||||||
-214,000 | - | 4,000 | - | -18,000 | -23,000 | - |
Net proceeds on short-term debt | ||||||
0 | - | - | - | 2,000 | - | - |
Net payments on short-term debt | ||||||
- | - | 0 | - | - | 1,000 | - |
Proceeds from issuance of long-term debt | ||||||
2,000 | - | 2,000 | - | 2,000 | 2,000 | - |
Payments on long-term debt | ||||||
0 | - | 0 | - | 406,000 | 1,000 | - |
Dividends | ||||||
0 | - | 59,000 | - | 62,000 | 69,000 | - |
Payments to acquire treasury stock, including fees | ||||||
0 | - | 0 | - | 103,000 | 284,000 | - |
Other financing, net | ||||||
-4,000 | - | -7,000 | - | -2,000 | -6,000 | - |
Net cash used in financing activities | ||||||
-60,000 | - | -137,000 | - | -569,000 | -359,000 | - |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-29,000 | - | -20,000 | - | -1,000 | -1,000 | - |
Decrease in cash, cash equivalents and restricted cash | ||||||
-130,000 | - | 203,000 | - | -362,000 | -109,000 | - |
Xerox Corporation | ||||||
Other investing, net | ||||||
- | - | -1,000 | - | - | 0 | - |
Distributions to parent | ||||||
- | - | 73,000 | - | - | 0 | - |