Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 124

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 124
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31, 2024, is approximately $405 million. This limitation will be applied to any net operating losses and then to any other Tax Attributes. Any unused limitation may be carried over to later years. Based on presently available information and the existence of tax planning strategies, the company does not expect to incur a U.S. federal cash tax liability in the near term. 

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Note 8 — Earnings (loss) per common share

The following table provides the calculations for the company’s earnings (loss) per common share attributable to Unisys Corporation (shares in thousands).Year ended December 31,202420232022Basic loss per common share computation:Net loss attributable to Unisys Corporation$(193.4)$(430.7)$(106.0)Weighted average shares69,199 68,254 67,665 Basic loss per common share$(2.79)$(6.31)$(1.57)Diluted loss per common share computation:   Net loss attributable to Unisys Corporation $(193.4)$(430.7)$(106.0)Weighted average shares69,199 68,254 67,665 Plus incremental shares from assumed conversions of employee stock plans— — — Adjusted weighted average shares69,199 68,254 67,665 Diluted loss per common share$(2.79)$(6.31)$(1.57)Anti-dilutive weighted-average restricted stock units(i)2,340 945 481 (i)Amounts represent shares excluded from the computation of diluted earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented.

Note 9 — Accounts receivable

Accounts receivable consist principally of trade accounts receivable from customers and are generally unsecured and due within 30 to 90 days. Credit losses relating to these receivables consistently have been within management’s expectations. Expected credit losses are recorded as an allowance for credit losses in the consolidated balance sheets. Estimates of expected credit losses are based primarily on the aging of the accounts receivable balances. The company records a specific reserve for individual accounts when it becomes aware of a customer’s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position. The collection policies and procedures of the company vary by credit class and prior payment history of customers.Revenue recognized in excess of billings on services contracts