NCR VOYIX Corp Files 2023 Annual Report on Form 10-K

TL;DR

<b>NCR VOYIX Corp has filed its 2023 annual report (10-K) detailing its financial performance and business operations.</b>

AI Summary

NCR VOYIX Corp (NCRRP) filed a Annual Report (10-K) with the SEC on March 14, 2024. NCR VOYIX Corp filed its 2023 Form 10-K on March 14, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as NCR Corp and National Cash Register Co. The company's primary business address is 864 Spring Street NW, Atlanta, GA 30309. The SIC code for the company is 3578 (Calculating & Accounting Machines).

Why It Matters

For investors and stakeholders tracking NCR VOYIX Corp, this filing contains several important signals. This 10-K filing provides a comprehensive overview of NCR VOYIX Corp's financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors and stakeholders to assess the company's current standing and future prospects. Understanding the company's historical data, including former names and SIC codes, provides context for its evolution and market positioning within the calculating and accounting machinery sector.

Risk Assessment

Risk Level: medium — NCR VOYIX Corp shows moderate risk based on this filing. The company's former names and historical data suggest a long operational history, but the lack of specific financial performance data in the provided snippet makes a definitive risk assessment challenging.

Analyst Insight

Review the full 10-K filing to analyze NCR VOYIX Corp's detailed financial statements, revenue segments, and management discussion for a comprehensive understanding of its performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-03-14 — Filing Date (Filed as of Date)
• 3578 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• NCR VOYIX Corp (company) — Filer name
• NCR Corp (company) — Former company name
• National Cash Register Co (company) — Former company name
• Atlanta, GA (location) — Business and mailing address city, state

FAQ

Industry Context

NCR VOYIX Corp operates within the calculating and accounting machines industry, historically known as National Cash Register Co.

Regulatory Implications

The filing is a 10-K, an annual report mandated by the SEC under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the full financial statements within the 10-K for revenue, net income, and balance sheet details.
2. Investigate the company's business segments and product/service offerings as detailed in the report.
3. Review management's discussion and analysis (MD&A) for insights into performance drivers and future outlook.

Key Dates

• 2023-12-31: Fiscal Year End — Covers the full fiscal year's financial performance.
• 2024-03-14: Filing Date — Indicates when the annual report was submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document for understanding a company's annual financial health and operations.)

SIC Code

Standard Industrial Classification code, used to classify businesses based on their primary activity. (Helps categorize NCR VOYIX Corp within its industry for comparative analysis.)

Year-Over-Year Comparison

This is the initial filing information for NCR VOYIX Corp's 2023 annual report. Historical data from previous filings would be needed for comparison.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share VYX New York Stock Exchange

Filing Documents

• ncr-20231231.htm (10-K) — 4021KB
• exhibit1013ncrvoyixcorpora.htm (EX-10.1 3) — 97KB
• exhibit10171amendmenttoemp.htm (EX-10.17 1) — 8KB
• exhibit1018letteragreement.htm (EX-10.18) — 54KB
• exhibit10181amendmentbrian.htm (EX-10.18 1) — 8KB
• exhibit1019kellisterrettle.htm (EX-10.19) — 54KB
• exhibit1020letteragreement.htm (EX-10.20) — 47KB
• exhibit10201amendmenttolet.htm (EX-10.20 1) — 22KB
• exhibit1021letteragreement.htm (EX-10.21) — 65KB
• exhibit10211amendmenttolet.htm (EX-10.21 1) — 16KB
• exhibit21subsidiariesofncr.htm (EX-21) — 52KB
• exhibit231consentofindepen.htm (EX-23.1) — 2KB
• exhibit311sec302ceocert-12.htm (EX-31.1) — 8KB
• exhibit312sec302cfocert-12.htm (EX-31.2) — 8KB
• exhibit32sec906ceoandcfoce.htm (EX-32) — 8KB
• exhibit97ncrvoyixclawbackp.htm (EX-97) — 34KB
• ncr-20231231_g1.jpg (GRAPHIC) — 513KB
• ncr-20231231_g2.jpg (GRAPHIC) — 78KB
• ncr-20231231_g3.jpg (GRAPHIC) — 73KB
• 0000070866-24-000014.txt (&nbsp;) — 26092KB
• ncr-20231231.xsd (EX-101.SCH) — 128KB
• ncr-20231231_cal.xml (EX-101.CAL) — 181KB
• ncr-20231231_def.xml (EX-101.DEF) — 797KB
• ncr-20231231_lab.xml (EX-101.LAB) — 1497KB
• ncr-20231231_pre.xml (EX-101.PRE) — 1169KB
• ncr-20231231_htm.xml (XML) — 4767KB

Forward-Looking Statements

Forward-Looking Statements i PART I 1. Business 1 1A. Risk Factors 9 1B. Unresolved Staff Comments 26 1C. Cybersecurity 26 2. Properties 27 3. Legal Proceedings 27 4. Mine Safety Disclosures 27 PART II 5. Market for the Registra nt ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 6. [ Reserved ] 29 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 30 7A. Quantitative and Qualitative Disclosures about Market Risk 49 8. Financial Statements and Supplementary Data 51 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 122 9A. Controls and Procedures 123 9B. Other Information 125 9C. Disclosure Regarding Foreign Jurisdiction That Prevent Inspections 125 PART III 10. Directors, Executive Officers and Corporate Governance 126 11. Executive Compensation 126 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 126 13. Certain Relationships and Related Transactions and Director Independence 126 14 Principal Accountant Fees and Services 126 PART IV 15. Exhibits and Financial Statement Schedule 127 16. Form 10-K Summary 134 This Report contains trademarks, service marks and registered marks of NCR Voyix Corporation and its subsidiaries, and of other companies, as indicated. Unless otherwise indicated, the terms "NCR Voyix," "NCR," the "Company," "we," "us," and "our" refer to NCR Voyix Corporation and its subsidiaries. Table of Contents CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statemen

BUSINESS

Item 1. BUSINESS General The Company, which was originally incorporated in 1884, is a global provider of digital commerce solutions for retail stores, restaurants and financial institutions. Headquartered in Atlanta, Georgia, we are a software and services-led enterprise technology provider of run-the-store capabilities for retail and restaurants and cloud-based digital solutions for financial institutions, serving businesses of all sizes. Our software platforms, which run in the cloud and include microservices and APIs that integrate with our customers' systems, and our As-a-Service solutions enable end-to-end technology-based operations solution for our customers. Our offerings include digital first software and services offerings for retailers, restaurants and financial institutions, as well as payments acceptance solutions, multi-vendor connected device services, self-checkout ("SCO") kiosks and related technologies, point of sale ("POS") terminals and other self-service technologies. Our solutions are designed to enable retailers, restaurants and financial institutions to seamlessly transact and engage with their customers and end users. On October 16, 2023, we completed the spin-off of our ATM-focused business, which included our self-service banking, payments & network and telecommunications and technology businesses, into an independent publicly traded company, NCR Atleos Corporation (such transaction, the "Spin-Off"). The Spin-Off was effected through a pro rata distribution of all outstanding shares of NCR Atleos common stock to holders of the Company's common stock as of the close of business on October 2, 2023. In connection with the Spin-Off, the Company changed its name from NCR Corporation to NCR Voyix Corporation. Additionally, starting on October 17, 2023, the Company's common stock began trading on the New York Stock Exchange under the stock symbol "VYX." The Company retains no ownership interest in NCR Atleos. The historical financial results o

View Full Filing

View this 10-K filing on SEC EDGAR