https://investors.xerox.com/news-releases/news-release-details/xerox-releases-fourth-quarter-and-full-year-results-2
FCF of $133 mil for FY 25, and operating margin is 3.5% down 140 BP YOY.
TL;DR: Gross sales are up, but they are running out of money.
Pipe down, none of you know what you're talking about.
Goodwill Guy here.
Yup, I read it wrong. It's a FY 25 loss of 1.03 Billion, no Goodwill write down. They just lost 1 billion dollars.
How the f^%$ did they claim $0 for Goodwill Impairment testing for FY 2025? In FY 2024, the share price got cut in half YoY, and the debt was lower and they wrote down 1 billion? This year, they had more debt, and the price dropped 80% YoY.
They said this in the Q3 25 10-Q (TL;DR: we will as--s it in Q4)
"Our goodwill balance was $2,182 and $1,937 at September 30, 2025 and December 31, 2024, respectively. We
assess goodwill for impairment at least annually during the fourth quarter and whenever events or changes in
circumstances indicate that the carrying value may not be recoverable."
I can't wait to read WHY they wrote down 0$.
@am GW guy note clearly says 2024.
@b9 No write off this year. It sits on the balance sheet at $2.2B. The 1 billion was last year. Don't ask here, look at the financials.
@am I’m confused so was it written down ? Seems it was based on your message but….can you confirm / breakdown for us? We understood that it was a requirement - the Balance sheet doesn’t make mention of it or it’s buried somewhere ?
@am w/o was last year
GG here.
https://investors.xerox.com/static-files/9d9d65ae-3e04-49f4-abc2-db4d8064eb64
"GAAP net (loss) of $(1.03) billion, or $(8.25) per share, an improvement of approximately $0.3
billion or $2.50 per share, year-over-year, respectively. 2024 includes an after-tax non-cash
goodwill impairment charge of $1.0 billion, or $8.17 per share."
FW has not changed from Q3. Where is the $1b write off? Need goodwill guy.
@OP Gross sales declined dramatically on an apples to apples basis. You cannot call LEX consolidation growth no matter reporting rules.
Does anyone here honestly think that we will come out of this downfall?
Tell me before I leave…
On a Pro Forma basis, revenue is down 7.6% YoY. I guess Savvy and Lexmark aren't going to save us.