XML 19 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenue $ 2,017 $ 1,972 $ 5,894 $ 5,835
Selling, general and administrative expenses 331 264 956 886
Research and development expenses 54 40 175 164
Total operating expenses 1,775 1,785 5,394 5,512
Income (loss) from operations 242 187 500 323
Interest expense (85) (74) (259) (204)
Other income (expense), net (44) (1) (55) 9
Income (loss) from continuing operations before income taxes 113 112 186 128
Income tax expense (benefit) 236 43 280 56
Income (loss) from continuing operations (123) 69 (94) 72
Income (loss) from discontinued operations, net of tax 0 0 (1) 5
Net income (loss) (123) 69 (95) 77
Net income (loss) attributable to noncontrolling interests 1 0 1 1
Net income (loss) attributable to NCR (124) 69 (96) 76
Amounts attributable to NCR common stockholders:        
Income (loss) from continuing operations (124) 69 (95) 71
Series A convertible preferred stock dividends (4) (4) (12) (12)
Income (loss) from continuing operations attributable to NCR common stockholders (128) 65 (107) 59
Income (loss) from discontinued operations, net of tax 0 0 (1) 5
Net income (loss) attributable to NCR common stockholders $ (128) $ 65 $ (108) $ 64
Income (loss) per common share from continuing operations        
Basic (in dollars per share) $ (0.91) $ 0.47 $ (0.76) $ 0.43
Diluted (in dollars per share) (0.91) 0.46 (0.76) 0.42
Net income (loss) per common share        
Basic (in dollars per share) (0.91) 0.47 (0.77) 0.47
Diluted (in dollars per share) $ (0.91) $ 0.46 $ (0.77) $ 0.45
Weighted average common shares outstanding        
Basic (in shares) 140.9 137.0 140.3 136.4
Diluted (in shares) 140.9 140.3 140.3 140.9
Product        
Total revenue $ 560 $ 590 $ 1,657 $ 1,720
Cost of revenue 465 524 1,399 1,560
Services        
Total revenue 1,457 1,382 4,237 4,115
Cost of revenue $ 925 $ 957 $ 2,864 $ 2,902