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43Xerox 2009 Annual Report
Xerox Corporation
Consolidated Balance Sheets
December 31,
(in millions, except share data in thousands) 2009 2008
Assets
Cash and cash equivalents $ 3,799 $ 1,229
Accounts receivable, net 1,702 2,184
Billed portion of finance receivables, net 226 254
Finance receivables, net 2,396 2,461
Inventories 900 1,232
Other current assets 708 790
Total current assets 9,731 8,150
Finance receivables due after one year, net 4,405 4,563
Equipment on operating leases, net 551 594
Land, buildings and equipment, net 1,309 1,419
Investments in affiliates, at equity 1,056 1,080
Intangible assets, net 598 610
Goodwill 3,422 3,182
Deferred tax assets, long-term 1,640 1,692
Other long-term assets 1,320 1,157
Total Assets $ 24,032 $ 22,447
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 988 $ 1,610
Accounts payable 1,451 1,446
Accrued compensation and benefits costs 695 625
Other current liabilities 1,327 1,769
Total current liabilities 4,461 5,450
Long-term debt 8,276 6,774
Liability to subsidiary trust issuing preferred securities 649 648
Pension and other benefit liabilities 1,884 1,747
Post-retirement medical benefits 999 896
Other long-term liabilities 572 574
Total Liabilities 16,841 16,089
Common stock 871 866
Additional paid-in capital 2,493 2,447
Retained earnings 5,674 5,341
Accumulated other comprehensive loss (1,988) (2,416)
Xerox Shareholders’ Equity 7,050 6,238
Noncontrolling interests 141 120
Total Equity 7,191 6,358
Total Liabilities and Equity $ 24,032 $ 22,447
Shares of Common Stock Issued and Outstanding 869,381 864,777
The accompanying notes are an integral part of these Consolidated Financial Statements.