Xerox 2006 Annual Report Download - page 15

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INDEX TO ANNUAL REPORT
Description of Business 15
Management’s Discussion and Analysis of Results of Operations and Financial Condition 26
Executive Overview 26
Financial Overview 26
Currency Impacts 27
Summary Results 27
Application of Critical Accounting Policies 29
Results of Operations 32
Segment Revenue 32
Segment Operating Profit 36
Gross Margins 37
Research, Development and Engineering 37
Selling, Administrative and General Expenses 38
Restructuring and Asset Impairment Charges 38
Other Expenses, Net 39
Income Taxes 40
Equity in Net Income of Unconsolidated Affiliates 41
Income from Discontinued Operations 41
Recent Accounting Pronouncements 41
Capital Resources and Liquidity 41
Cash Flow Analysis 41
Customer Financing Activities and Secured Debt 43
Liquidity, Financial Flexibility and Other Financing Activity 45
Contractual Cash Obligations and Other Commercial Commitments and Contingencies 47
Off-Balance Sheet Arrangements 48
Financial Risk Management 49
Forward-Looking Statements 49
Audited Consolidated Financial Statements 50
Consolidated Statements of Income 50
Consolidated Balance Sheets 51
Consolidated Statements of Cash Flows 52
Consolidated Statements of Common Shareholders’ Equity 53
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