Xerox 2013 Annual Report Download - page 64

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Mid-Range
• 2% decrease in installs of mid-range color devices driven by a difficult compare in the U.S. from the fourth
quarter 2012 was partially offset by demand for products such as the WorkCentre® 7535/7125/7530 and the
WorkCentre® 7556, which enabled continued market share gains in the fastest growing and most profitable
segment of the office color market.
• 10% decrease in installs of mid-range black-and-white devices.
High-End
• 34% increase in installs of high-end color systems driven by strong demand for the Xerox® Color 770. This
product has enabled large market share gains in the Entry Production Color market segment.
• 26% decrease in installs of high-end black-and-white systems, reflecting continued declines in the overall
market.
Other Segment
Revenue 2013
Other segment revenue of $668 million decreased 11%, with no impact from currency, due to lower wide format
systems revenue, lower sales of electronic presentation systems, lower developing market paper sales and lower
licensing revenue. Total paper revenue (all within developing markets) comprised approximately one-third of the
Other segment revenue.
Segment Loss 2013
Other segment loss of $222 million, improved $34 million from the prior year, primarily driven by gains on the sale of
businesses and assets, partially offset by lower revenues. Non-financing interest expense as well as all Other
expenses, net (excluding deferred compensation investment gains) are reported within the Other segment.
Revenue 2012
Other segment revenue of $747 million decreased 7%, including a 1-percentage point negative impact from
currency, due to a decline in paper sales, which was driven by lower market pricing and activity, as well as a decline
in revenues from wide format systems and lower patent sales and licensing revenue.
Segment Loss 2012
Other segment loss of $256 million, improved $29 million from the prior year, primarily driven by a decrease in
Other expenses, net partially offset by lower gross profit as a result of the decline in revenues.
Discontinued Operations
In 2013, in connection with our decision to exit from the paper distribution business, we sold our North American
and Western European Paper businesses.
As a result of these transactions, we reported these paper-related operations as Discontinued Operations and
reclassified their results from the Other segment to Discontinued Operations. All prior periods have accordingly
been restated to conform to this presentation.
Below is a summary of the restated amounts for our 2012 and 2011 Other segment and Total segment results as a
result of the reclassification of the North American and Western European Paper businesses to Discontinued
Operations.
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