Xerox 2006 Annual Report Download - page 53

XEROX CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions, except share data in thousands) 2006 2005
Assets
Cash and cash equivalents ....................................................... $ 1,399 $ 1,322
Short-term investments .......................................................... 137 244
Total cash, cash equivalents and short-term investments ............................ 1,536 1,566
Accounts receivable, net ......................................................... 2,199 2,037
Billed portion of finance receivables, net ............................................ 273 296
Finance receivables, net ......................................................... 2,649 2,604
Inventories ................................................................... 1,163 1,201
Other current assets ............................................................. 934 1,032
Total current assets ......................................................... 8,754 8,736
Finance receivables due after one year, net .......................................... 4,922 4,949
Equipment on operating leases, net ................................................ 481 431
Land, buildings and equipment, net ................................................ 1,527 1,627
Investments in affiliates, at equity ................................................. 874 782
Intangible assets, net ............................................................ 286 289
Goodwill ..................................................................... 2,024 1,671
Deferred tax assets, long-term .................................................... 1,790 1,547
Other long-term assets .......................................................... 1,051 1,921
Total Assets .............................................................. $ 21,709 $ 21,953
Liabilities and Equity
Short-term debt and current portion of long-term debt ................................. $ 1,485 $ 1,139
Accounts payable .............................................................. 1,133 1,043
Accrued compensation and benefits costs ........................................... 663 621
Other current liabilities .......................................................... 1,417 1,543
Total current liabilities ...................................................... 4,698 4,346
Long-term debt ................................................................ 5,660 6,139
Liabilities to subsidiary trusts issuing preferred securities ............................... 624 626
Pension and other benefit liabilities ................................................ 1,336 1,151
Post-retirement medical benefits .................................................. 1,490 1,188
Other long-term liabilities ........................................................ 821 1,295
Total liabilities ............................................................ 14,629 14,745
Series C mandatory convertible preferred stock ....................................... — 889
Common stock, including additional paid-in-capital ................................... 4,666 4,741
Treasury stock, at cost .......................................................... (141) (203)
Retained earnings .............................................................. 4,202 3,021
Accumulated other comprehensive loss ............................................. (1,647) (1,240)
Total Liabilities and Equity ................................................. $ 21,709 $ 21,953
Shares of common stock issued ................................................... 954,568 945,106
Treasury stock ................................................................. (8,363) (13,917)
Shares of common stock outstanding ............................................... 946,205 931,189
The accompanying notes are an integral part of these Consolidated Financial Statements.
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