Xerox 2002 Annual Report Download - page 41

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39
December 31 (in millions) 2002 2001
Assets
Cash and cash equivalents $ 2,887 $ 3,990
Accounts receivable, net 2,072 1,896
Billed portion of finance receivables, net 564 584
Finance receivables, net 3,088 3,338
Inventories 1,222 1,364
Other current assets 1,186 1,428
Total Current Assets 11,019 12,600
Finance receivables due after one year, net 5,353 5,756
Equipment on operating leases, net 459 804
Land, buildings and equipment, net 1,757 1,999
Investments in affiliates, at equity 628 632
Intangible assets, net 360 457
Goodwill 1,564 1,445
Deferred tax assets, long-term 1,592 1,342
Other long-term assets 2,726 2,610
Total Assets $25,458 $27,645
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 4,377 $ 6,637
Accounts payable 839 704
Accrued compensation and benefits costs 481 451
Unearned income 257 244
Other current liabilities 1,833 1,951
Total Current Liabilities 7,787 9,987
Long-term debt 9,794 10,107
Pension liabilities 1,307 527
Post-retirement medical benefits 1,251 1,233
Other long-term liabilities 1,144 1,764
Total Liabilities 21,283 23,618
Minorities’ interests in equity of subsidiaries 73 73
Company-obligated, mandatorily redeemable preferred securities of subsidiary
trusts holding solely subordinated debentures of the Company 1,701 1,687
Preferred stock 550 605
Deferred ESOP benefits (42) (135)
Common stock, including additional paid in capital 2,739 2,622
Retained earnings 1,025 1,008
Accumulated other comprehensive loss (1,871) (1,833)
Total Liabilities and Equity $25,458 $27,645
Shares of common stock issued and outstanding were (in thousands) 738,273 and 722,314 at December 31, 2002 and December 31, 2001, respectively.
The accompanying notes are an integral part of the consolidated financial statements.
Consolidated Balance Sheets