Xerox 2008 Annual Report Download - page 50

Xerox Corporation
Consolidated Balance Sheets
December 31,
(in millions, except share data in thousands) 2008 2007
Assets
Cash and cash equivalents $ 1,229 $ 1,099
Accounts receivable, net 2,184 2,457
Billed portion of finance receivables, net 254 304
Finance receivables, net 2,461 2,693
Inventories 1,232 1,305
Other current assets 790 682
Total current assets 8,150 8,540
Finance receivables due after one year, net 4,563 5,051
Equipment on operating leases, net 594 587
Land, buildings and equipment, net 1,419 1,587
Investments in affiliates, at equity 1,080 932
Intangible assets, net 610 621
Goodwill 3,182 3,448
Deferred tax assets, long-term 1,692 1,349
Other long-term assets 1,157 1,428
Total Assets $ 22,447 $ 23,543
Liabilities and Shareholders’ Equity
Short-term debt and current portion of long-term debt $ 1,610 $ 525
Accounts payable 1,446 1,367
Accrued compensation and benefits costs 625 673
Other current liabilities 1,769 1,512
Total current liabilities 5,450 4,077
Long-term debt 6,774 6,939
Liability to subsidiary trust issuing preferred securities 648 632
Pension and other benefit liabilities 1,747 1,115
Post-retirement medical benefits 896 1,396
Other long-term liabilities 694 796
Total Liabilities 16,209 14,955
Common stock, including additional paid-in-capital 3,313 4,096
Treasury stock, at cost —(31)
Retained earnings 5,341 5,288
Accumulated other comprehensive loss (2,416) (765)
Total Shareholders’ Equity 6,238 8,588
Total Liabilities and Shareholders’ Equity $ 22,447 $ 23,543
Shares of common stock issued 864,777 919,013
Treasury stock —(1,836)
Shares of common stock outstanding 864,777 917,177
The accompanying notes are an integral part of these Consolidated Financial Statements.
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