Xerox 2002 Annual Report Download - page 92

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Condensed Consolidating Balance Sheets
As of December 31, 2001
Parent Guarantor Non-Guarantor Total
Company Subsidiaries Subsidiaries Eliminations Company
Assets
Cash and cash equivalents $ 2,414 $ 1 $ 1,575 $ – $ 3,990
Accounts receivable, net 598 19 1,279 – 1,896
Billed portion of finance receivables, net 357 – 227 – 584
Finance receivables, net 288 1,039 2,011 – 3,338
Inventories 703 2 651 8 1,364
Other current assets 746 366 349 (33) 1,428
Total Current Assets 5,106 1,427 6,092 (25) 12,600
Finance receivables, due after one year, net 415 1,798 3,543 – 5,756
Equipment on operating leases, net 302 – 534 (32) 804
Land, buildings and equipment, net 1,188 4 807 – 1,999
Investments in affiliates, at equity 74 26 532 – 632
Investment in and advances to consolidated
subsidiaries 6,964 – 471 (7,435) –
Other long-term assets 1,102 712 2,138 – 3,952
Intangible assets, net 443 – 14 – 457
Goodwill 498 296 651 – 1,445
Total Assets $16,092 $ 4,263 $14,782 $(7,492) $27,645
Liabilities and Equity
Short-term debt and current portion of
long-term debt $2,490 $ 1,764 $ 2,383 $ – $ 6,637
Accounts payable 353 6 345 – 704
Other current liabilities 591 369 1,651 35 2,646
Total Current Liabilities 3,434 2,139 4,379 35 9,987
Long-term debt 4,973 1,766 3,368 – 10,107
Intercompany payables, net 2,619 (2,860) 260 (19) –
Other long-term liabilities 2,799 51 672 2 3,524
Total Liabilities 13,825 1,096 8,679 18 23,618
Minorities’ interest in equity of subsidiaries – – – 73 73
Company-obligated, mandatorily redeemable
preferred securities of subsidiary trusts
holding solely subordinated debentures of
the Company – – 1,687 – 1,687
Preferred stock 605 – – – 605
Deferred ESOP benefits (135) – – – (135)
Common stock, including additional
paid-in capital 2,622 2,605 2,075 (4,680) 2,622
Retained earnings 1,008 573 4,085 (4,658) 1,008
Accumulated other comprehensive loss (1,833) (11) (1,744) 1,755 (1,833)
Total Liabilities and Equity $16,092 $ 4,263 $14,782 $(7,492) $27,645
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