Xerox 2007 Annual Report Download - page 80

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XEROX CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions, except share data in thousands) 2007 2006
Assets
Cash and cash equivalents ................................................................ $ 1,099 $ 1,399
Short-term investments ................................................................... – 137
Total cash, cash equivalents and short-term investments ................................ 1,099 1,536
Accounts receivable, net .................................................................. 2,457 2,199
Billed portion of finance receivables, net .................................................... 304 273
Finance receivables, net .................................................................. 2,693 2,649
Inventories .............................................................................. 1,305 1,163
Other current assets ...................................................................... 682 934
Total current assets .................................................................. 8,540 8,754
Finance receivables due after one year, net ................................................. 5,051 4,922
Equipment on operating leases, net ........................................................ 587 481
Land, buildings and equipment, net ........................................................ 1,587 1,527
Investments in affiliates, at equity ......................................................... 932 874
Intangible assets, net ..................................................................... 621 286
Goodwill ................................................................................ 3,448 2,024
Deferred tax assets, long-term ............................................................. 1,349 1,790
Other long-term assets ................................................................... 1,428 1,051
Total Assets ........................................................................ $ 23,543 $ 21,709
Liabilities and Shareholders’ Equity
Short-term debt and current portion of long-term debt ...................................... $ 525 $ 1,485
Accounts payable ........................................................................ 1,367 1,133
Accrued compensation and benefits costs .................................................. 673 663
Other current liabilities ................................................................... 1,512 1,417
Total current liabilities ............................................................... 4,077 4,698
Long-term debt .......................................................................... 6,939 5,660
Liability to subsidiary trust issuing preferred securities ....................................... 632 624
Pension and other benefit liabilities ........................................................ 1,115 1,336
Post-retirement medical benefits .......................................................... 1,396 1,490
Other long-term liabilities ................................................................. 796 821
Total Liabilities ...................................................................... 14,955 14,629
Common stock, including additional paid-in-capital ......................................... 4,096 4,666
Treasury stock, at cost .................................................................... (31) (141)
Retained earnings ........................................................................ 5,288 4,202
Accumulated other comprehensive loss .................................................... (765) (1,647)
Total Shareholders’ Equity ............................................................ 8,588 7,080
Total Liabilities and Shareholders’ Equity ............................................ $ 23,543 $ 21,709
Shares of common stock issued ............................................................ 919,013 954,568
Treasury stock ........................................................................... (1,836) (8,363)
Shares of common stock outstanding ...................................................... 917,177 946,205
The accompanying notes are an integral part of these Consolidated Financial Statements.
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