Xerox 2003 Annual Report Download - page 88
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86
Condensed Consolidating Balance Sheets
As of December 31, 2003
Parent Guarantor Non-Guarantor Total
Company Subsidiaries Subsidiaries Eliminations Company
Assets
Cash and cash equivalents $ 1,101 $ – $ 1,376 $ – $ 2,477
Accounts receivable, net 717 17 1,425 – 2,159
Billed portion of finance receivables, net 270 – 191 – 461
Finance receivables, net 454 – 2,527 – 2,981
Inventories 669 3 517 (37) 1,152
Other current assets 466 5 634 – 1,105
Total Current Assets 3,677 25 6,670 (37) 10,335
Finance receivables due after one year, net 834 – 4,537 – 5,371
Equipment on operating leases, net 212 – 176 (24) 364
Land, buildings and equipment, net 1,024 2 801 – 1,827
Investments in affiliates, at equity 73 – 571 – 644
Investments in and advances to consolidated subsidiaries 7,849 54 192 (8,095) –
Intangible assets, net 325 – – – 325
Goodwill 491 296 935 – 1,722
Other long-term assets 1,611 1 2,391 – 4,003
Total Assets $16,096 $378 $16,273 $(8,156) $24,591
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 588 $ – $ 3,648 $ – $ 4,236
Accounts payable 495 2 401 – 898
Other current liabilities 890 24 1,510 11 2,435
Total Current Liabilities 1,973 26 5,559 11 7,569
Long-term debt 2,840 – 4,090 – 6,930
Intercompany payables, net 3,687 (45) (3,657) 15 –
Liabilities to subsidiary trusts issuing preferred securities 98 – 1,711 – 1,809
Other long-term liabilities 2,819 1 683 101 3,604
Total Liabilities 11,417 (18) 8,386 127 19,912
Series B convertible preferred stock 499 – – – 499
Series C mandatory convertible preferred stock 889 – – – 889
Common stock, including additional paid in capital 3,239 420 7,083 (7,503) 3,239
Retained earnings 1,315 (24) 1,980 (1,956) 1,315
Accumulated other comprehensive loss (1,263) – (1,176) 1,176 (1,263)
Total Liabilities and Equity $16,096 $378 $16,273 $(8,156) $24,591