Xerox 2005 Annual Report Download - page 106

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per-share data and unless otherwise indicated)
98
Condensed Consolidating Statements of Cash Flows
For the Year Ended December 31, 2003
Parent Guarantor Non-Guarantor Total
Company Subsidiary Subsidiaries Company
Net cash provided by (used in) operating activities $ 2,672 $ – $ (793) $ 1,879
Net cash (used in) provided by investing activities (475) – 524 49
Net cash (used in) provided by financing activities (2,769) – 299 (2,470)
Effect of exchange rate changes on cash and cash equivalents – – 132 132
(Decrease) increase in cash and cash equivalents (572) – 162 (410)
Cash and cash equivalents at beginning of year 1,671 – 1,216 2,887
Cash and cash equivalents at end of year $1,099 $ – $1,378 $ 2,477
Xerox Annual Report 2005
Note 23 – Subsequent Events
In January 2006, the Boardof Directors authorized an additional
repurchase of up to $500 of the Company’s common stock. The
Company expects the stock to be repurchased over the next 6-12
months, primarily through open-market purchases. Open-market
repurchases will be made in compliance with the Securities and
Exchange Commission’sRule 10b-18, and aresubject to market
conditions as well as applicable legal and other considerations.
Through February 16, 2006, we repurchased the following
through our authorized repurchase programs:
Common Stock Aggregate
Shares Costs
October 2005
Repurchase Program 35,213,032 $501*
January 2006
Repurchase Program 3,556,168 52**
Total 38,769,200 $553
*This amount included $1 of associated fees.
**This amount included an insignificant amount of associated fees.