Xerox 2003 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 $ – $ 1,215 $ – $ 2,887
Accounts receivable, net 714 20 1,338 – 2,072
Billed portion of finance receivables, net 341 – 223 – 564
Finance receivables, net 392 – 2,696 – 3,088
Inventories 692 2 545 (8) 1,231
Other current assets 554 5 694 (66) 1,187
Total Current Assets 4,365 27 6,711 (74) 11,029
Finance receivables due after one year, net 712 – 4,641 – 5,353
Equipment on operating leases, net 200 – 265 (15) 450
Land, buildings and equipment, net 1,058 2 697 – 1,757
Investment in affiliates, at equity 99 41 555 – 695
Investment in and advances to consolidated subsidiaries 7,775 – 686 (8,461) –
Intangible assets, net 360 – – – 360
Goodwill 491 296 777 – 1,564
Other long-term assets 1,436 2 2,903 1 4,342
Total Assets $16,496 $368 $17,235 $(8,549) $25,550
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 1,880 $ – $ 2,497 $ – $ 4,377
Accounts payable 447 6 386 – 839
Other current liabilities 793 30 1,608 140 2,571
Total Current Liabilities 3,120 36 4,491 140 7,787
Long-term debt 4,791 – 5,003 – 9,794
Intercompany payables, net 2,602 (95) (2,494) (13) –
Liabilities to subsidiary trusts issuing preferred securities 726 – 1,067 – 1,793
Other long-term liabilities 2,856 – 839 80 3,775
Total Liabilities 14,095 (59) 8,906 207 23,149
Series B convertible preferred stock 508 – – – 508
Common stock, including additional paid in capital 2,739 420 7,140 (7,560) 2,739
Retained earnings 1,025 7 2,839 (2,846) 1,025
Accumulated other comprehensive loss (1,871) – (1,650) 1,650 (1,871)
Total Liabilities and Equity $16,496 $368 $17,235 $(8,549) $25,550