Xerox 2013 Annual Report Download - page 94

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Geographic area data is based upon the location of the subsidiary reporting the revenue or long-lived assets and is
as follows for the three years ended December 31:
Revenues Long-Lived Assets (1)
2013 2012 2011 2013 2012 2011
United States $ 14,534 $ 14,500 $14,253 $1,870 $1,966 $1,894
Europe 4,574 4,733 5,148 761 784 776
Other areas 2,327 2,504 2,499 243 262 276
Total Revenues and Long-Lived Assets $ 21,435 $ 21,737 $21,900 $2,874 $3,012 $2,946
________________
(1) Long-lived assets are comprised of (i) land, buildings and equipment, net, (ii) equipment on operating leases, net, (iii) internal use software,
net and (iv) product software, net.
Note 3 – Acquisitions and Divestitures
Acquisitions
2013 Acquisitions
In April 2013, we acquired Florida based Zeno Office Solutions, Inc. (Zeno), a provider of print and IT solutions to
small and mid-sized businesses in the Southeast, for approximately $59 in cash. This acquisition furthers our
coverage in Florida, building on our strategy of expanding our network of locally-based companies focused on
customers' requirements to improve their performance through efficiencies.
In February 2013, we acquired Impika, a leader in the design, manufacture and sale of production inkjet printing
solutions used for industrial, commercial, security, label and package printing for approximately $53 in cash. Impika,
which is based in Aubagne, France, offers a portfolio of aqueous (water-based) inkjet presses based on proprietary
technology. Through the addition of Impika's aqueous technology to our offerings, we go to market with the
industry's broadest range of digital presses, strengthening our leadership in digital color production printing.
Zeno and Impika are included in our Document Technology segment. Additionally, during 2013, our Document
Technology segment acquired one additional business for approximately $12 in cash, and our Services segment
acquired three businesses for a total of $31 in cash.
2013 Summary
All of our 2013 acquisitions reflected 100% ownership of the acquired companies. The operating results of the
acquisitions described above are not material to our financial statements and are included within our results from
their respective acquisition dates. Our 2013 acquisitions contributed aggregate revenues of approximately $56 to
our 2013 total revenues from their respective acquisition dates. The purchase prices for all acquisitions were
primarily allocated to intangible assets and goodwill based on third-party valuations and management's estimates.
The primary elements that generated the goodwill are the value of synergies and the acquired assembled
workforce. None of the goodwill recorded in 2013 is expected to be deductible for tax purposes. Refer to Note 9 -
Goodwill and Intangible Assets, Net for additional information.
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