Xerox 2012 Annual Report Download - page 59

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57Xerox 2012 Annual Report
Consolidated Balance Sheets
December 31,
(in millions, except share data in thousands) 2012 2011
Assets
Cash and cash equivalents $ 1,246 $ 902
Accounts receivable, net 2,866 2,600
Billed portion of finance receivables, net 152 166
Finance receivables, net 1,836 2,165
Inventories 1,011 1,021
Other current assets 1,162 1,058
Total current assets 8,273 7,912
Finance receivables due after one year, net 3,325 4,031
Equipment on operating leases, net 535 533
Land, buildings and equipment, net 1,556 1,612
Investments in affiliates, at equity 1,381 1,395
Intangible assets, net 2,783 3,042
Goodwill 9,062 8,803
Deferred tax assets, long-term 763 672
Other long-term assets 2,337 2,116
Total Assets $ 30,015 $ 30,116
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 1,042 $ 1,545
Accounts payable 1,913 2,016
Accrued compensation and benefits costs 741 757
Unearned income 438 432
Other current liabilities 1,776 1,631
Total current liabilities 5,910 6,381
Long-term debt 7,447 7,088
Pension and other benefit liabilities 2,958 2,487
Post-retirement medical benefits 909 925
Other long-term liabilities 778 861
Total Liabilities 18,002 17,742
Series A Convertible Preferred Stock 349 349
Common stock 1,239 1,353
Additional paid-in capital 5,622 6,317
Treasury stock, at cost (104) (124)
Retained earnings 7,991 7,046
Accumulated other comprehensive loss (3,227) (2,716)
Xerox shareholders’ equity 11,521 11,876
Noncontrolling interests 143 149
Total Equity 11,664 12,025
Total Liabilities and Equity $ 30,015 $ 30,116
Shares of common stock issued 1,238,696 1,352,849
Treasury stock (14,924) (15,508)
Shares of common stock outstanding 1,223,772 1,337,341
The accompanying notes are an integral part of these Consolidated Financial Statements.