Xerox 2012 Annual Report Download - page 2

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2
Inside
Today’s Xerox
Letter to Shareholders
Innovation at Work
Financial Measures
Non-GAAP Measures
Board of Directors
Our Business
Management’s Discussion and Analysis
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Reports and Signatures
Quarterly Results of Operations
Five Years in Review
Corporate Information
Officers
02
04
08
10
11
12
14
27
55
60
111
113
114
115
116
Financial Highlights (in millions, except EPS)
2012 2011
Total revenue $ 22,390 $ 22,626
Equipment sales 3,476 3,856
Annuity revenue 18,914 18,770
Net income – Xerox 1,195 1,295
Adjusted net income* – Xerox 1,398 1,563
Diluted earnings per share 0.88 0.90
Adjusted earnings per share* 1.03 1.08
Net cash provided by operating activities 2,580 1,961
Adjusted operating margin* 9.3% 9.8%
* See non-GAAP measures on Page 11 for the reconciliation of the difference between this financial measure that is not in compliance with Generally Accepted
Accounting Principles (GAAP) and the most directly comparable financial measure calculated in accordance with GAAP.