Xerox 2014 Annual Report Download - page 79

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XEROX CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions, except share data in thousands) 2014 2013
Assets
Cash and cash equivalents $1,411 $1,764
Accounts receivable, net 2,652 2,929
Billed portion of finance receivables, net 110 113
Finance receivables, net 1,425 1,500
Inventories 934 998
Assets of discontinued operations 1,260 —
Other current assets 1,082 1,207
Total current assets 8,874 8,511
Finance receivables due after one year, net 2,719 2,917
Equipment on operating leases, net 525 559
Land, buildings and equipment, net 1,123 1,466
Investments in affiliates, at equity 1,338 1,285
Intangible assets, net 2,031 2,503
Goodwill 8,805 9,205
Other long-term assets 2,243 2,590
Total Assets $27,658 $29,036
Liabilities and Equity
Short-term debt and current portion of long-term debt $ 1,427 $1,117
Accounts payable 1,584 1,626
Accrued compensation and benefits costs 754 734
Unearned income 431 496
Liabilities of discontinued operations 371 —
Other current liabilities 1,509 1,713
Total current liabilities 6,076 5,686
Long-term debt 6,314 6,904
Pension and other benefit liabilities 2,847 2,136
Post-retirement medical benefits 865 785
Other long-term liabilities 498 757
Total Liabilities 16,600 16,268
Series A Convertible Preferred Stock 349 349
Common stock 1,124 1,210
Additional paid-in capital 4,283 5,282
Treasury stock, at cost (105)(252)
Retained earnings 9,491 8,839
Accumulated other comprehensive loss (4,159)(2,779)
Xerox shareholders’ equity 10,634 12,300
Noncontrolling interests 75 119
Total Equity 10,709 12,419
Total Liabilities and Equity $27,658 $29,036
Shares of common stock issued 1,124,354 1,210,321
Treasury stock (7,609) (22,001)
Shares of common stock outstanding 1,116,745 1,188,320
The accompanying notes are an integral part of these Consolidated Financial Statements.
Xerox 2014 Annual Report 64