Xerox 2005 Annual Report Download - page 101

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Xerox Corporation
93
Condensed Consolidating Balance Sheets
As of December 31, 2005
Parent Guarantor Non-Guarantor Total
Company Subsidiary Subsidiaries Eliminations* Company
Assets
Cash and cash equivalents $ 640 $ – $ 682 $ – $ 1,322
Short-term investments 244 – – – 244
Total Cash, cash equivalents and
Short-term investments 884 – 682 – 1,566
Accounts receivable, net 475 – 1,562 – 2,037
Billed portion of finance receivables, net 178 – 118 – 296
Finance receivables, net 894 – 1,710 – 2,604
Inventories 721 – 521 (41) 1,201
Other current assets 463 – 543 26 1,032
Total Current assets 3,615 – 5,136 (15) 8,736
Finance receivables due after one year,net 1,678 – 3,271 – 4,949
Equipment on operating leases, net 263 – 168 – 431
Land, buildings and equipment, net 946 – 681 – 1,627
Investments in affiliates, at equity 42 – 819 (79) 782
Investments in and advances to
consolidated subsidiaries 8,397 46 (19) (8,424) –
Intangible assets, net 276 – 13 – 289
Goodwill 381 – 1,282 8 1,671
Other long-term assets 1,704 – 1,764 – 3,468
Total Assets $ 17,302 $ 46 $ 13,115 $ (8,510) $ 21,953
Liabilities and Equity
Short-term debt and current portion of
long-term debt $ 1 $ – $ 1,138 $ – $ 1,139
Accounts payable 537 – 491 15 1,043
Other current liabilities 925 28 1,211 – 2,164
Total Current liabilities 1,463 28 2,840 15 4,346
Long-term debt 3,516 – 2,623 – 6,139
Intercompany payables, net 1,829 (212) (1,595) (22) –
Liabilities to subsidiary trusts issuing
preferred securities 626 – – – 626
Other long-term liabilities 2,660 – 992 (18) 3,634
Total Liabilities 10,094 (184) 4,860 (25) 14,745
Series C mandatory convertible preferred stock 889 – – – 889
Common shareholders’ equity 6,319 230 8,255 (8,485) 6,319
Total Liabilities and Equity $17,302 $ 46 $13,115 $(8,510) $21,953
*The information primarily includes elimination entries necessary to consolidate Xerox Corporation, the parent, with the guarantor subsidiary and non-guarantor subsidiaries.
Xerox Annual Report 2005