Xerox 2006 Annual Report Download - page 4

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XEROX ANNUAL REPORT 2006
2
“I am pleased to report that 2006 was another
year of good progress for Xerox. The strategic
investments we made several years ago
are paying off and we are confident in our
continued ability to give you good returns on
the trust you have placed in us.”
CHAIRMAN’S LETTER
Our progress in 2006 provided more
evidence that we are on track and that
we are building momentum.
Our results
In 2006, our financial results included:
•Net income of $1.2 billion or earnings
per share of $1.22, compared to EPS
of 94 cents for full-year 2005.
•Adjusted EPS of $1.05, an increase of
17 percent from full-year 2005 adjusted
EPS of 90 cents.*
•Total revenue of $15.9 billion, an
increase of 1 percent or $194 million
from full-year 2005.
•Operating cash flow of $1.6 billion.
•Year-end cash and short-term investments
balance of $1.5 billion.