CIK 108772

XEROX CORPORATION

CIK 0000108772 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

57.5

composite · 5 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

Chat with this filing →

Ask follow-up questions about the latest 10-K, with citations verified against the actual text. No account needed.

Investigation memo — generate one →

Run the bounded investigation agent — reads this company's signals and writes a short, cited summary.

Signals

P-07 · FY 2011-12-31 · TRIGGERED88.5

Pension underfunding

[FY2011 data, stale — no more recent pension disclosure in XBRL] DB plan 8% funded — -$2,200M deficit (19% of equity)

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2014-02-21) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 10500000000,
  "plan_assets": 789000000,
  "funded_ratio": 0.0751,
  "deficit": -2200000000,
  "deficit_vs_equity": 0.1852,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/108772/000010877214000005/0000108772-14-000005-index.htm",
    "form": "10-K",
    "filed": "2014-02-21"
  }
}

P-13 · FY 2017-12-31 · TRIGGERED65.9

Zombie / distress

Zombie: interest coverage below 1.0x for 4 consecutive years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-25) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2017-12-31": -0.036,
    "2016-12-31": -4.346,
    "2015-12-31": -1.176,
    "2014-12-31": 0.516
  },
  "consecutive_years_below_1": 4,
  "altman_z_double_prime": 2.542,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -9000000,
    "interest_expense_t": 252000000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/108772/000010877219000011/0000108772-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-25"
  }
}

P-12 · FY 2018-12-31 · ELEVATED50.8

Restatement predictor

F-Score 1.52 — misstatement risk 1.5x the base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-25) ↗

Evidence — inputs and thresholds

{
  "f_score": 1.523,
  "probability": 0.00563,
  "components": {
    "rsst": -0.0506,
    "drec": -0.0053,
    "dinv": -0.0063,
    "soft": 0.8936,
    "dcs": -0.0345,
    "droa": 0.012,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/108772/000010877219000011/0000108772-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-25"
  }
}

P-01 · FY 2018-12-31 · CLEAN18.2

Earnings quality

Beneish M-Score -2.86 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-25) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.863,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.982,
    "GMI": 1,
    "AQI": 1.029,
    "SGI": 0.958,
    "DEPI": 0.888,
    "SGAI": 0.988,
    "LVGI": 1.272,
    "TATA": -0.051
  },
  "defaulted_to_neutral": [
    "GMI"
  ],
  "sloan_accruals": -0.0506,
  "inputs": {
    "revenue_t": 9830000000,
    "revenue_t1": 10265000000,
    "total_assets_t": 14874000000,
    "net_income_t": 361000000,
    "cfo_t": 1140000000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/108772/000010877219000011/0000108772-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-25"
  }
}

P-05 · FY 2011-12-31 · CLEAN0.0

Tax arbitrage

[FY2011 data, stale — no more recent pretax-income figure in XBRL] ETR 24.1% — within normal range of statutory

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2014-02-21) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2011-12-31": 0.2409,
    "2010-12-31": 0.3141,
    "2009-12-31": 0.2424
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2011-12-31": -0.0309,
    "2010-12-31": -0.1041,
    "2009-12-31": -0.0324
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/108772/000010877214000005/0000108772-14-000005-index.htm",
    "form": "10-K",
    "filed": "2014-02-21"
  }
}