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55Xerox 2010 Annual Report
Xerox Corporation
Consolidated Balance Sheets
December 31,
(in millions, except share data in thousands) 2010 2009
Assets
Cash and cash equivalents $ 1,211 $ 3,799
Accounts receivable, net 2,826 1,702
Billed portion of finance receivables, net 198 226
Finance receivables, net 2,287 2,396
Inventories 991 900
Other current assets 1,126 708
Total current assets 8,639 9,731
Finance receivables due after one year, net 4,135 4,405
Equipment on operating leases, net 530 551
Land, buildings and equipment, net 1,671 1,309
Investments in affiliates, at equity 1,291 1,056
Intangible assets, net 3,371 598
Goodwill 8,649 3,422
Deferred tax assets, long-term 540 1,640
Other long-term assets 1,774 1,320
Total Assets $ 30,600 $ 24,032
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 1,370 $ 988
Accounts payable 1,968 1,451
Accrued compensation and benefits costs 901 695
Unearned income 371 201
Other current liabilities 1,807 1,126
Total current liabilities 6,417 4,461
Long-term debt 7,237 8,276
Liability to subsidiary trust issuing preferred securities 650 649
Pension and other benefit liabilities 2,071 1,884
Post-retirement medical benefits 920 999
Other long-term liabilities 797 572
Total Liabilities 18,092 16,841
Series A Convertible Preferred Stock 349 —
Common stock 1,398 871
Additional paid-in capital 6,580 2,493
Retained earnings 6,016 5,674
Accumulated other comprehensive loss (1,988) (1,988)
Xerox shareholders’ equity 12,006 7,050
Noncontrolling interests 153 141
Total Equity 12,159 7,191
Total Liabilities and Equity $ 30,600 $ 24,032
Shares of common stock issued and outstanding 1,397,578 869,381
The accompanying notes are an integral part of these Consolidated Financial Statements.