Xerox 2005 Annual Report Download - page 55

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Xerox Corporation
47
CONSOLIDATED BALANCE SHEETS
(in millions, except share data in thousands)
December 31, 2005 2004
Assets
Cash and cash equivalents $ 1,322 $ 3,218
Short-term investments 244 –
Total Cash, cash equivalents and short-term investments 1,566 3,218
Accounts receivable, net 2,037 2,076
Billed portion of finance receivables, net 296 377
Finance receivables, net 2,604 2,932
Inventories 1,201 1,143
Other current assets 1,032 1,182
Total Current assets 8,736 10,928
Finance receivables due after one year, net 4,949 5,188
Equipment on operating leases, net 431 398
Land, buildings and equipment, net 1,627 1,759
Investments in affiliates, at equity 782 845
Intangible assets, net 289 324
Goodwill 1,671 1,848
Deferred tax assets, long-term 1,547 1,521
Other long-term assets 1,921 2,073
Total Assets $21,953 $24,884
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 1,139 $ 3,074
Accounts payable 1,043 1,037
Accrued compensation and benefits costs 621 637
Unearned income 191 243
Other current liabilities 1,352 1,309
Total Current liabilities 4,346 6,300
Long-term debt 6,139 7,050
Liabilities to subsidiary trusts issuing preferred securities 626 717
Pension and other benefit liabilities 1,151 1,189
Post-retirement medical benefits 1,188 1,180
Other long-term liabilities 1,295 1,315
Total Liabilities 14,745 17,751
Series C mandatory convertible preferred stock 889 889
Common stock, including additional paid-in-capital 4,741 4,881
Treasury stock, at cost (203) –
Retained earnings 3,021 2,101
Accumulated other comprehensive loss (1,240) (738)
Total Liabilities and Equity $21,953 $24,884
Shares of common stock issued 945,106 955,997
Treasury stock (13,917) –
Shares of common stock outstanding 931,189 955,997
The accompanying notes are an integral part of these Consolidated Financial Statements.
Xerox Annual Report 2005