Xerox 2011 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2011 Xerox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

108
2011 2010(1) 2009 2008 2007
Per-Share Data
Income from continuing operations
Basic $ 0.92 $ 0.44 $ 0.56 $ 0.26 $ 1.21
Diluted 0.90 0.43 0.55 0.26 1.19
Earnings
Basic 0.92 0.44 0.56 0.26 1.21
Diluted 0.90 0.43 0.55 0.26 1.19
Common stock dividends declared 0.17 0.17 0.17 0.17 0.0425
Operations
Revenues $ 22,626 $ 21,633 $ 15,179 $ 17,608 $ 17,228
Sales 7,126 7,234 6,646 8,325 8,192
Service, outsourcing and rentals 14,868 13,739 7,820 8,485 8,214
Finance income 632 660 713 798 822
Income from continuing operations 1,328 637 516 265 1,165
Income from continuing operations – Xerox 1,295 606 485 230 1,135
Net income 1,328 637 516 265 1,165
Net income – Xerox 1,295 606 485 230 1,135
Financial Position
Working capital $ 1,531 $ 2,222 $ 5,270 $ 2,700 $ 4,463
Total Assets 30,116 30,600 24,032 22,447 23,543
Consolidated Capitalization
Short-term debt and current portion of long-term debt 1,545 1,370 988 1,610 525
Long-term debt 7,088 7,237 8,276 6,774 6,939
Total Debt 8,633 8,607 9,264 8,384 7,464
Liability to subsidiary trust issuing preferred securities — 650 649 648 632
Series A convertible preferred stock 349 349 — — —
Xerox shareholders’ equity 11,876 12,006 7,050 6,238 8,588
Noncontrolling interests 149 153 141 120 103
Total Consolidated Capitalization $ 21,007 $ 21,765 $ 17,104 $ 15,390 $ 16,787
Selected Data and Ratios
Common shareholders of record at year-end 41,982 43,383 44,792 46,541 48,261
Book value per common share $ 8.78 $ 8.59 $ 8.11 $ 7.21 $ 9.36
Year-end common stock market price $ 7.96 $ 11.52 $ 8.46 $ 7.97 $ 16.19
Employees at year-end 139,700 136,500 53,600 57,100 57,400
Gross margin 32.8% 34.4% 39.7% 38.9% 40.3%
Sales gross margin 34.1% 34.5% 33.9% 33.7% 35.9%
Service, outsourcing and rentals gross margin 30.9% 33.1% 42.6% 41.9% 42.7%
Finance gross margin 63.4% 62.7% 62.0% 61.8% 61.6%
(1) 2010 results include the acquisition of ACS.
Five Years in Review
(in millions, except per-share data)