Xerox 2002 Annual Report Download - page 90

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88
Condensed Consolidating Balance Sheets
As of December 31, 2002
Parent Guarantor Non-Guarantor Total
Company Subsidiaries Subsidiaries Eliminations Company
Assets
Cash and cash equivalents $ 1,672 $ 13 $ 1,202 $ – $ 2,887
Accounts receivable, net 714 20 1,338 – 2,072
Billed portion of finance receivables, net 341 – 223 – 564
Finance receivables, net 392 374 2,322 – 3,088
Inventories 683 3 544 (8) 1,222
Other current assets 554 285 413 (66) 1,186
Total Current Assets 4,356 695 6,042 (74) 11,019
Finance receivables, due after one year, net 712 651 3,990 – 5,353
Equipment on operating leases, net 209 – 265 (15) 459
Land, buildings and equipment, net 1,058 13 686 – 1,757
Investments in affiliates, at equity 32 41 555 – 628
Investment in and advances to
consolidated subsidiaries 7,842 – 686 (8,528) –
Other long-term assets 1,412 737 2,168 1 4,318
Intangible assets, net 360 – – – 360
Goodwill 491 296 777 – 1,564
Total Assets $16,472 $ 2,433 $15,169 $(8,616) $25,458
Liabilities and Equity
Short-term debt and current portion of
long-term debt $ 1,880 $ 410 $ 2,087 $ – $ 4,377
Accounts payable 447 7 385 – 839
Other current liabilities 793 370 1,268 140 2,571
Total Current Liabilities 3,120 787 3,740 140 7,787
Long-term debt 4,791 1,442 3,561 – 9,794
Intercompany payables, net 3,304 (3,097) (194) (13) –
Other long-term liabilities 2,856 7 832 7 3,702
Total Liabilities 14,071 (861) 7,939 134 21,283
Minorities’ interest in equity of subsidiaries – – – 73 73
Company-obligated, mandatorily redeemable
preferred securities of subsidiary trusts
holding solely subordinated debentures
of the Company – – 1,701 – 1,701
Preferred stock 550 – – – 550
Deferred ESOP benefits (42) – – – (42)
Common stock, including additional
paid-in capital 2,739 2,632 4,995 (7,627) 2,739
Retained earnings 1,025 665 2,181 (2,846) 1,025
Accumulated other comprehensive loss (1,871) (3) (1,647) 1,650 (1,871)
Total Liabilities and Equity $16,472 $ 2,433 $15,169 $(8,616) $25,458