2020 Q2 Form 10-Q Financial Statement

#000177045020000034 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $1.465B $2.263B $2.180B
YoY Change -35.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $426.0M $517.0M $546.0M
YoY Change -17.6%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.00M $110.0M $118.0M
YoY Change -20.0%
% of Gross Profit
Operating Expenses $426.0M $517.0M $546.0M
YoY Change -17.6%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $35.00M $190.0M $73.00M
YoY Change -81.58%
Income Tax $8.000M $50.00M -$10.00M
% Of Pretax Income 22.86% 26.32% -13.7%
Net Earnings $27.00M $181.0M $133.0M
YoY Change -85.08%
Net Earnings / Revenue 1.84% 8.0% 6.1%
Basic Earnings Per Share $0.11 $0.79 $0.57
Diluted Earnings Per Share $0.11 $0.77 $0.55
COMMON SHARES
Basic Shares Outstanding 212.9M shares 223.6M shares 228.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.272B $776.0M $786.0M
Short-Term Investments
Other Short-Term Assets $246.0M
YoY Change
Inventory $922.0M
Prepaid Expenses
Receivables $789.0M
Other Receivables
Total Short-Term Assets $5.391B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $3.939B
YoY Change
Intangibles $250.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.344B
YoY Change
Total Long-Term Assets $8.734B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.391B
Total Long-Term Assets $8.734B
Total Assets $14.13B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $916.0M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.791B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $521.0M
YoY Change
Total Long-Term Liabilities $521.0M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.791B
Total Long-Term Liabilities $521.0M
Total Liabilities $8.430B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $6.223B
YoY Change
Common Stock $2.935B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $5.477B
YoY Change
Total Liabilities & Shareholders Equity $14.13B
YoY Change

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $27.00M $181.0M $133.0M
YoY Change -85.08%
Depreciation, Depletion And Amortization $88.00M $110.0M $118.0M
YoY Change -20.0%
Cash From Operating Activities $34.00M $313.0M $226.0M
YoY Change -89.14%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $10.00M $9.000M
YoY Change -10.0%
Acquisitions $0.00 $38.00M $4.000M
YoY Change -100.0%
Other Investing Activities -$1.000M $0.00
YoY Change
Cash From Investing Activities -$18.00M -$54.00M -$18.00M
YoY Change -66.67%
FINANCING ACTIVITIES
Cash Dividend Paid $57.00M $60.00M $62.00M
YoY Change -5.0%
Common Stock Issuance & Retirement, Net $0.00 $197.0M $103.0M
YoY Change -100.0%
Debt Paid & Issued, Net $313.0M $0.00 $406.0M
YoY Change
Cash From Financing Activities -$372.0M -$277.0M -$569.0M
YoY Change 34.3%
NET CHANGE
Cash From Operating Activities $34.00M $313.0M $226.0M
Cash From Investing Activities -$18.00M -$54.00M -$18.00M
Cash From Financing Activities -$372.0M -$277.0M -$569.0M
Net Change In Cash -$351.0M -$10.00M -$362.0M
YoY Change 3410.0%
FREE CASH FLOW
Cash From Operating Activities $34.00M $313.0M $226.0M
Capital Expenditures $9.000M $10.00M $9.000M
Free Cash Flow $25.00M $303.0M $217.0M
YoY Change -91.75%

Facts In Submission

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CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
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CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
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xrx Loss Rates Of Customers With Non Investment Grade Credit Quality High Range
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CY2020Q2 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
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CY2020Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
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CY2020Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
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CY2020Q2 us-gaap Notes Receivable Gross
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CY2019Q4 us-gaap Inventory Net
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us-gaap Operating Lease Expense
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us-gaap Operating Lease Expense
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us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
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CY2019Q2 us-gaap Variable Lease Cost
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us-gaap Sublease Income
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CY2019Q2 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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CY2020Q2 us-gaap Restructuring Reserve
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CY2020Q2 us-gaap Operating Lease Liability
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CY2019Q2 us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
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CY2020Q1 us-gaap Restructuring Reserve
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xrx Leased Right Of Use Asset Write Off
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CY2020Q2 us-gaap Restructuring And Related Cost Incurred Cost
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us-gaap Restructuring And Related Cost Incurred Cost
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us-gaap Restructuring Reserve Translation And Other Adjustment
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us-gaap Payments For Restructuring
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us-gaap Payments For Restructuring
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CY2019Q2 xrx Related Restructuring Costs
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xrx Related Restructuring Costs
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us-gaap Interest Expense Debt
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CY2019Q2 xrx Interest Income
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xrx Interest Income
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xrx Interest Income
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Dividends Common Stock Cash
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CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Preferred Stock Dividends Per Share Declared
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CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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73000000 USD
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CY2019Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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PreferredStockDividendsIncomeStatementImpact
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CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
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