Xerox 2010 Annual Report Download - page 108

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106 Xerox 2010 Annual Report
Five Years in Review
(in millions, except per-share data)
2010(1) 2009 2008 2007(2) 2006
Per-Share Data
Income from continuing operations
Basic $ 0.44 $ 0.56 $ 0.26 $ 1.21 $ 1.25
Diluted 0.43 0.55 0.26 1.19 1.22
Earnings
Basic 0.44 0.56 0.26 1.21 1.25
Diluted 0.43 0.55 0.26 1.19 1.22
Common stock dividends declared 0.17 0.17 0.17 0.0425 —
Operations
Revenues $ 21,633 $ 15,179 $ 17,608 $ 17,228 $ 15,895
Sales 7,234 6,646 8,325 8,192 7,464
Service, outsourcing and rentals 13,739 7,820 8,485 8,214 7,591
Finance income 660 713 798 822 840
Income from continuing operations 637 516 265 1,165 1,232
Income from continuing operations – Xerox 606 485 230 1,135 1,210
Net income 637 516 265 1,165 1,232
Net income – Xerox 606 485 230 1,135 1,210
Financial Position
Working capital $ 2,222 $ 5,270 $ 2,700 $ 4,463 $ 4,056
Total Assets 30,600 24,032 22,447 23,543 21,709
Consolidated Capitalization
Short-term debt and current portion of long-term debt 1,370 988 1,610 525 1,485
Long-term debt 7,237 8,276 6,774 6,939 5,660
Total Debt 8,607 9,264 8,384 7,464 7,145
Liability to subsidiary trust issuing preferred securities 650 649 648 632 624
Series A convertible preferred stock 349 — — — —
Xerox shareholders’ equity 12,006 7,050 6,238 8,588 7,080
Noncontrolling interests 153 141 120 103 108
Total Consolidated Capitalization $ 21,765 $ 17,104 $ 1 5,390 $ 16,787 $ 14,957
Selected Data and Ratios
Common shareholders of record at year-end 43,383 44,792 46,541 48,261 40,372
Book value per common share $ 8.59 $ 8.11 $ 7.21 $ 9.36 $ 7.48
Year-end common stock market price $ 11.52 $ 8.46 $ 7.97 $ 16.19 $ 16.95
Employees at year-end 136,500 53,600 57,100 57,400 53,700
Gross margin 34.4% 39.7% 38.9% 40.3% 40.6%
Sales gross margin 34.5% 33.9% 33.7% 35.9% 35.7%
Service, outsourcing and rentals gross margin 33.1% 42.6% 41.9% 42.7% 43.0%
Finance gross margin 62.7% 62.0% 61.8% 61.6% 63.7%
(1) 2010 results include the acquisition of ACS.
(2) 2007 results include the acquisition of GIS.